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- Best Financial Advice In Sydney
By Lorabella
Accountancy may appear daunting to some; but for those who are keen to play with numbers and are efficient in handling finances, a career in accountancy is worth the shot. From small firms to large companies, everyone needs a good accountant. And people need accountants for personal taxation issues and financial planning. So, accountancy is surely a good career option.
To initiate a career in accountancy, it is imperative to get your basics right mathematics is one subject that you would need to master. And you need to be swift at your work since accountancy does not embrace the sluggish or the lazy.
Aspiring accountants with no relevant academic background should aim to get a professional qualification, which will not only equip you with the financial accounting skills but also give you an insight into the highs and lows of the profession.
Most countries across the world grant professional qualification in accounting via certificates that are issued by the nations accounting body. So, thats really a good option. In fact, some people acquire accounting as a second degree.
However, you must know that its your talent and your aptitude for fiscal details that counts over any degree.
An internship or part-time job will add to your resume and raise your prospects of finding a decent job. In addition to your educational qualifications and work experience, good communication skills, self confidence and the ability to work independently will take you a long way in this field.
You will have to clear a set of tests and undergo internship (for a defined duration) in order to obtain a certification in accountancy. However, certificates issued by most professional bodies are recognized only in the country they are located in. There are very few internationally recognized certifications and there are some, which hold a higher value than most others. These include:
ACCA – issued by UK based Association of Chartered Certified Accountants. It is an internationally recognized certificate.
CIMA – issued by UK based Chartered Institute of Management Accountants. This one is inclined more towards industry and management accounting.
ACA – issued by UK based Institute of Chartered Accountants of England and Wales. This is a practice oriented certificate.
CPA – issued by USA based American Institute of Certified Public Accountants. This certificate is widely recognized in practice and industry in the United States and Canada.
If you are looking to secure a career in accountancy, you must also posses the following skills:
Mathematical skills
Knowledge of computers
Analytic capability and problem solving attitude
Strong interpersonal skills
As we come out of recession, the need for accountants and auditors will rise too. People will approach accountants for management advice and also for setting up books and preparing taxes. In response to the demand in the market, accountants will also see their ranks rising. Not only big firms but also small businesses will be on the lookout for accountants who understand their specific needs and can help them manage their finances well.
Accountants are rarely unemployed but not everybody is cut for this field. Ensure that you clearly understand the subjects that hold your interest; and analyze carefully before taking the plunge. And when you do take the plunge, aim for the top.
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