Accounting as a Career
Accounting is the process to keep the records of expenditure, receivables & ultimately the profit & loss of an individual or an entity. Growing economic and commercial activities have made accounting an integral part of our everyday lives. In organizational level, money management has always been a crucial aspect, as a result role of accounting professionals become extremely important. Today, role of accounts professionals have not been just restricted to a back office profile but are involved in decision making, planning & operations control of an organization.
Accounting as a Career
Accounting as a career offers a great opportunity to the students to work in a highly data driven environment. Acquiring a qualification in commerce or economics is the first step towards a career in accounts. Professional Certifications like, chartered accountancy (CA), management accountancy (ICWA) or company secretary (CS) offered by autonomous bodies, allow students to pursue these courses immediately after completing 10+2 level. These courses provide cutting edge skills to the students with the blend of theoretical & practical knowledge.
In the international level, chartered Financial Analysts (CFA) programme offered by the Association for Investment Management and Research (AIMR), Certified Public Accountants (CPA), Chartered Institute of Management Accountants course (CIMA) and the Association of Chartered Certified Accountants (ACCA) are some of the great options available for the students seeking border-less careers.
An MBA degree in Finance & Accounts offers enhanced & diversified skills to the students like Financial Services, Corporate Finance, Investment Banking, Financial Planning & Research etc.
What role / profile of accountants’ employability can you enjoy in big organizations?
Some of the roles or profiles that accounts professionals enjoy are
• Management accountants
• Tax preparation specialists
• Financial statement auditor
• Internal auditors who act more or less like the sniffers. They enjoy the profile of examining the company’s internal controls and prevent fraud, inaccuracy and mismanagement.
• Forensic accounting
• Environmental accounting
Employers for Accounts
There are many companies those who recruit qualified & skilled accounts professionals for various positions. Some of them are as
• Standard & Poor (S&P)
• Ernst & Young (E&Y)
• Grant Thornton
The tools that come handy in your accounting career
One of the most important and basic tool that every accountant should know is the MS Excel. Small & mid-level firms maintain accounts using Excel sheets only. Advance knowledge in Excel (micros, advance formula etc) adds value to the student profile. Another vital tool is SAP, employed by Top companies & exporters. SAP certified professionals with Finance specific modules have always been in high demand in the job market.
Future and scope of accounting as a career
It wouldn’t be wrong to say that accounting is not confined to financial statements alone. Its realm is far stretched and offers unlimited options. With the growth in India’s economy, the only road that lies ahead is growth & accounting as a career will be rider on this growth wave.