Accountancy job description

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Accountancy roles are among the most vital positions across a range of industry sectors. These roles are often found in the private sector, as well as in public and voluntary organisations. On the other hand, positions are also offered by private practices which provide accountancy services to clients. Employees gaining experience in such roles have the opportunity to progress to general management, or even self-employment
Private practices tend to concentrate on auditing. Those working for these firms normally have the chance to visit between 10 and 15 companies in the course of a year. Other practices specialise in tax, or even working with insolvent operations. Those working in the industry can help their management team to make important financial decisions and allow them to maximise their profits
Graduates in any discipline can find employment in the accountancy field. Staff will be required to undertake further study and examinations, which take around three years to complete on average.
On qualification, chartered certified accountants should earn between £29,000 and £52,000, with those with extensive experience earning up to £100,000. The highest salaries tend to be offered by banks and insurance firms based in the city of London.

Description

Accountancy is related to the creation of useful and accurate financial reports for regulators, managers, and stakeholders. This sector cover other services such as financial and management accounting, taxation, advisory, audit, insurance, business consulting, among others. People working on this area needs to record, summarise, interpret, and communicate financial information to a company or individual.

People working on Accountancy usually perform many of the following tasks:
• Creating double-entry book keeping systems.
• Inspecting procedures of a business.
• Advising about tax planning.
• Helping companies to overcome financial difficulties.
• Keeping track of all financial transactions.

Skills

• Having good IT skills.
• Being logical and analytical.
• Having good math and statistics skills.
• Being self motivated and self disciplined.
• Being able to work with a team.
• Having financial modeling skills.
• Being able to understand complex information.
• Having problem solving abilities.
• Having high attention to details.
• Being able to work under pressure.

Education

One of the most important requirements in Accountancy jobs is relevant work experience, so it is recommended to have several months or years of experience before going into application processes. Generally speaking, most companies require applicants with 300 UCAS points and 2:1 degrees in a relevant academic subject from leading universities. It is also required to have good Math and English GCSE grades and skills in other European language.

Some institutions offering qualifications for this area are the Institute of Chartered Accountants in England and Wales, and the Association of Chartered Certified Accountants.

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