Before You Become an Accountant, You Need to Do These Things
Accountancy is one of the most lucrative professions. Career opportunities abound for accountants. Here are the things you need to do to become an accountant.
Complete Your Degree in Accountancy
The first thing you need to do is to earn your bachelor’s degree in accounting. This will give you more career opportunities than an associate degree in accounting. RayTax Chartered Accountants have given an overview of what you need to do in order to complete your degree.
You have five levels to choose from in earning an accounting degree. These are the following:
- Doctorate Degree in Accounting
- Master’s Degree in Accounting
- Bachelor’s Degree in Accounting
- Associate’s Degree in Accounting
- Certificate in Accountancy
The higher the degree level, the greater the opportunities you have to earn higher income as an accountant. Aside from accountancy, here are other courses that will prepare you to fill in accounting job vacancies:
- Graduate Degree in Auditing
- Degree in Banking and Finance
- Degree in Business Management or Administration
- Degree in Taxation
Choose Your Specialization
Regular accounting jobs, particularly entry-level jobs, may not require specialized training or education other than your degree in Accounting. However, if you are to climb up the career ladder, it is always best to choose your specialization and hone your skills.
You can become any of the following:
- Certified Public Accountant – passing the board is a requisite to advance your career as a public accountant. Not only will you be able to receive higher remuneration, you can also perform tasks that are off limits to public accountants.
- Management Accountant – focuses on analyzing company financial information. Your output is necessary for the drafting of strategic plans and budget allocation. Your audience is the company management.
- Internal Auditor- conducts auditing to evaluate the financial health and operational activities of a company. The goal is for management to increase its efficiency by minimizing and avoiding exceptions.
- Government Accountant – is a public accountant that works for the government and its controlled agencies. You perform the functions of a regular public accountant.
Honing Your Skills
Regardless of your specialization, it is important that you continue honing your skills as an accountant. Three (3) of the most important skills are the following:
- Numerical or mathematical skills
- Analytical skills
- Organizational skills
In addition to these three, you should also be proficient in using technology. This is because accountants today do much of their work digitally. Examples are software programs, digital accounting systems, and basic electronic programs such as MS Excel.
Prepare for the Board Examination
Make it your goal to pass the board examination for public accountants. The American Institute of Certified Public Accountants manages the process for certifying public accountants.
You will need the following for your certification:
- You must earn a degree in accounting or any business-related course that can provide you with sufficient units in accounting.
- You must pass the board examination administered to public accountants.
- The general rule is you must have at least two (2) years of accounting work experience. States may vary in their requirements.
Doing these things will empower you to become a public accountant and eventually a certified public accountant. Earning a degree in accounting opens the door to multiple career opportunities. Why waste the chance to become a public accountant?
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