Career in Accounting

Accounting
The systematic recording, reporting, and analysis of financial transactions of a business. The person in charge of accounting is known as an accountant, and this individual is typically required to follow a set of rules and regulations, such as the Generally Accepted Accounting Principles. Accounting allows a company to analyze the financial performance of the business, and look at statistics such as net profit.

Accounting courses:
M.Com MBA MBE M.sc Accounting and Finance ACMA CA ACCA CFA

Careers in Accountancy
Accountancy is a rewarding career and there are excellent prospects for employment in audit and accounting firms as well as in local companies, multinationals, and local and foreign banks. The profession has stood the test of time, and career opportunities for Chartered Accountants and other degree holders in this field are unfolding as corporations increasingly realize the importance of professional values, ethics and good governance. More specifically, there are numbers of career options available to graduates of accounting programs. They include, but are not limited to, the following: 1

Actuary Auditor Bank Examiner Certified Public Accountant Chief Accountant Controller Finance Manager Financial Analyst Internal auditor International Trade Specialist Loan Administrator Manager Professor Stockbroker Tex Advisor

Future Outlook for Accounting Career

Employment jobs for accountants and auditors are expected to grow faster than all occupations in the coming days. The factors that will drive the growth of this career are, increasing businesses, securitization of companies finance, changing and new up-and-coming rules and regulation of financial sector. The world economy is indicating a prosperous future outlook in accounting related fields. The demand for accounting expertise will increase, and more accountants and auditors will be required to perform the job of books, organize taxes, and give management advice. Amendments in laws related to taxes, financial reporting standards, business investments, mergers, and other financial events are indication supporting the idea of creating great numbers of job opportunities and openings. Trends in international business and trade, international mergers and acquisitions will attract youths to choose this career.

Salaries and other remunerations for Accountants

Salaries and other remunerations in this field are matchless. The way the economical activities, development and new career options are emerging in this field, it is already signifying a bright future for would be professionals. Annual wage and salary earnings of accountants and auditors are showing great increase in the previous years.

Personal characteristics
During the training period and on wards a candidate must have the following qualities in his personality: People who want to be accountants should be good at math, and have good analytical skills. They also should be able to write well, so that they can tell others about their findings. Honesty, freedom of thoughts, untired hardworking, mental abilities, decision making skills, academic qualities, ability to analyze problems, interpersonal skill, desire to progress, extraordinary skill in accounting, wide-ranging knowledge of business, spirit of enquiry, self confidence, logical mind, painting true picture of the facts, economical use of resources, etc.

Nature of work in Accounting Firms and Companies

Accountants and auditors work in offices. They generally work a standard 40hour week, but some work 50 hours a week or more. Tax accountants often work long hours during the tax season, from January to April. Accountants working for the government and public companies travel to audit other companies or branches of their own company. Most of the chartered accountants work staying in the office while auditing work required going to the client office therefore out of office duties are also a part of the profession. In case of local client traveling may be inter-cities while clients

having international nature of business demands traveling abroad. The atmosphere in the chartered accounting firms is quite clean, peaceful and professional.

Recommendation:
Accounting provides the basis on which financial decisions are taken. So grip on accounting is important to get the good job.

References: 1. http://www.mycareer.edu.pk/certificate-courses.htm 2. http://www.investorwords.com/48/accounting.htm 3. M.Fawad(operational manager UBL)