Having a thorough knowledge of accounting is a great start for a successful career. It helps to understand businesses better and makes calculations easier.
This is why so many students all over the world are taking up accounting courses in order to keep as many career paths open in front of them as possible.
Enrollment in accounting programs increased from 143,670 during 1999-2000 to nearly 253,082 in 2014-15. If you’re also an accounting student interested in pursuing a career, here are some wonderful options for you.
1. Accounts clerk
If you wish to be a clerk in this field, you don’t always need a degree. Accounts clerks will be responsible for handling various types of transactions like accounts receivable, accounts payable, or payroll.
Depending on the number of clerks working in the firm, you will have to take up responsibility accordingly. If you are the sole accounts clerk, there will be a number of different jobs for you. You can complete around a year in training and then become a permanent employee.
For this job, you shall need Certificate III in Accounts Administration, Certificate IV in Bookkeeping, or Certificate III in Business Administration.
2. Auditor
If you love to sit and work with details, being an auditor is ideal for you. Most auditors work in companies on contracts and are external employees. A company or firm will ask you to inspect their finances and make sure their financial reports are up to date and accurate.
Many companies have their own internal auditors too. In order to be an auditor, you will need a bachelor’s degree in accounting, as well as a registered license under the Australian Securities and Investments Commission (ASIC). Many organizations prefer their auditors to be chartered accountants.
3. Business services accounting
To become a well-established business services accountant, you need excellent interpersonal and communication skills. You will need to give clients business or tax services. In addition, you can even give them financial guidance or strategies to make their company or establishment better.
Preparing tax returns, generating financial reports, and tracking assets are also key parts of this job. An accounts degree, along with a CA or CPA qualification is required, along with a good number of experience in years.
4. Chief Financial Officer (CFO)
This position can be extremely tricky to fill. Almost every company will go for a candidate who has a lot of experience in accounts and is capable of handling the company well. This position of a senior executive handles all the financial aspects of a company.
Ultimately you will have to be responsible for the company’s overall financial success. You must have very strong leadership and communication skills, as well as a mind that calculates and makes decisions quickly.
If you wish to see yourself as a CFO one day, you will need a CA or CPA degree first after completing your accounting studies.
5. Cost accountant
A cost accountant is one of the most important people in a company. You will need to oversee the cost of various raw materials, products, and other processes. Cost accountants also give useful advice to the company’s leaders to lessen or streamline their expenses, thus gaining a better profit margin.
As a cost accountant, you can work in various sectors like manufacturing or other services. If you are detail-oriented and intelligent, this is a good job for you.
6. Forensic accountant
Love crime and mystery? Then join a company as a forensic accountant! These special types of accountants deal with topics like fraud and embezzlement. Even in divorce proceedings, the court will require your knowledge. For this, first, an accounting degree and then a degree in CA or CPA are needed.
If you need a certified accounting course made just for you, visit the Monarch Institute. It has a host of different fields for you- from accounting and bookkeeping to financial planning and business management. No matter which type of career you wish to pursue, Monarch Institute is here to make things so much easier for you!
Over to you…
Having a job in accounts can be a very thrilling experience. With the right kind of guidance and courses, especially from institutes like Monarch, you can easily get into your dream job!