Accounting offers numerous opportunities for
passionate individuals to pursue promising career options. This job is an
essential element in business development as it deals with the aspects of
financial management, records and taxation. The Bureau of Labor Statistics
acknowledged accounting as a highly promising career option as it depicted 16%
growth from 2010 to 2018. The growing business mandates the presence of
talented accountants and financial experts to cope with the legislative
constraints in the monetary implications. Moreover, accounting and finance courses bridge the gap between the dream of being an
accountant and realisation as a career.
Roles and duties
Accountants handle the intricacies of
financial management in organisations and are liable for any form of anomalies
or discrepancies. The major role and duties of accountants include:
·
Preparing,
prioritising and compiling the account entries pertaining to capital, assets
and liabilities.
·
Documenting, substantiating
and securing financial implications in business.
·
Maintaining and
monitoring financial security based on policies, regulations and legal
constraints.
·
Improving client
confidence by identifying inconsistencies, threats, trends and potential development
opportunities associated with financial aspects.
·
R&D and technical
expertise associated with the financial stability of the clients.
Prerequisites
The accountants must be proficient in the
aspects of corporate finance, accounting, documentation, rules and
confidentiality alongside mathematical abilities. The accountants are often
mandated to possess an adequate academic back up to ensure their credibility
and authenticity. Varying levels of diplomain accounting and finance impart necessary knowledge associated with diversified accounting roles. A level 7 diploma in accounting and finance will be
sufficient for garnering credibility in managerial roles associated with
accounting. Moreover, the accountants are mandated to adorn talent in the
aspects of:
·
Negotiation and
communication skills
·
Discipline and time
management
·
Confidence and
motivation
·
Ability to cope with
strenuous scenarios
Development opportunities
·
Increased fluidity of
the client relations due to technology and internet growth
·
High initial salary
and job opportunities for talented individuals
·
Frequent salary hikes
and promotions
Challenges:
·
Updating with the
changing legal constraints and taxation
·
Awareness about
crackdowns in client expenditures and investments
·
Adhering to deadlines
associated with service delivery
·
Familiarizing the
clients with changing technologies
Testimony
“I’ve always had an innate interest in the
monetary aspects of business development. However, I encountered difficulties
in completing the stiff academic curriculum and tedious learning needs involved
in my accounting education. The hardships and efforts in the education prepared
me for the demands of the profession. The client relations and career are
highly rewarding provided you are willing to work tirelessly to meet the time
constraints and targets.”
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