Accounting is one of the most popular degrees for students and employers, largely due to the relevance of accounting to all companies and individuals in all industries and sectors in order to ensure financial stability and achieve financial success. Qualified accountants are therefore in great demand across the board.
While a masters degree or equivalent is required for more lucrative accounting careers, graduates with degrees in accounting typically work in entry-level positions as accountants or pursue professional accountant status.
This usually includes the inclusion of "articles" or internship positions at a recognized auditing company who work in one of the specialist functions in accounting. Many accounting graduates are looking for positions at the major accounting firms Deloitte, PwC, Ernst & Young and KPMG, which comprise a huge international network of professional service providers.
Some of the most popular career careers in accounting and for professionals that are suitable for accounting graduates include:
Many organizations use and support the auditors with interns in achieving charter status. Typically, a three-year contract is agreed upon which requires the student to gain some work experience, take courses in ethics and other relevant subjects, and pass some exams. Typically, you spend your time preparing and reviewing accounts, collecting raw data, analyzing receipts and payments, curing creditors and debtors details, and monitoring and predicting bank balances. You may need to connect with investors, handle phone inquiries, process accounting documents, and even set up new investments.
An accountant is a trained accounting practitioner. Since you work for a professional accounting agency, you must adhere to certain standards, including adhering to generally accepted accounting principles - rules set by various standardization organizations.
There are three typical types of auditors: auditors who work for public organizations or individuals; tax consultantwho work for private companies and are also known as private or cost accountants; and auditors who work for federal, state, local, or state governments. Typical work activities include managing financial systems and budgets, providing financial advice, performing audits, liaising with clients, performing risk analysis, and detecting and preventing fraud (forensic accounting).
An auditor reviews financial accounts of companies and organizations to ensure the validity and legality of their records. You will be involved in the compilation, review and analysis of financial data, auditing a company's financial control systems, performing risk analyzes, ensuring accurate and reliable financial records, safeguarding the company's assets, preparing reports, comments and financial reports, and making recommendations to improve processes .
There are two main types of reviewers: internal and external. Internal auditors typically work in the private sector, while external auditors mainly deal with taxes and government. However, you may be asked to check the finances of private companies that work with government agencies. You can work in accounting departments, in independent, accredited and certified companies, or as a consultant.
An accountant helps an accountant, finance manager, bookkeeper, or accounting firm complete administrative and basic accounting tasks. While occasionally communicating with clients and outside customers, your main work is spreadsheets, receipts and payment records, creating legal accounts, calculating and auditing accounts to ensure payments and records are correct. You can then be promoted to auditor.
Other accounting jobs
Other accounting jobs you might explore include working as an actuary, budget analyst, claims assessor, cost estimator, credit controller, financial analyst, financial trader, investment analyst, payroll clerk, personal financial advisor, purchasing manager, retail banker, or tax advisor; or private financing, loan advice or Risk management.
Other areas relevant to accountants include business consulting, banking, insurance, corporate and the public sector, building societies, the stock market, and working for multinational corporations, non-profit organizations, NGOs, SMEs, and local and national government. You could also teach accounting, economics, or math in lower and upper secondary education, but need to complete another degree (PhD or Doctor of Business Administration) to begin a career in accounting.