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#12DAYSOFCHRISTMAS Accountancy

eighth-day-of-christmas
8th December 2016

Accountancy roles are available in three main sectors; management, private practice and public finance.

The role of a management account is to look after a business’ finances and develop ways to make it more profitable whereas a private practice account will help businesses as well as people manage their money in an effective manner. Similar to a public finance account who ensure money is spent properly within public sector businesses.

Most account roles require some level of training with the Association of Certified Chartered Accountants (ACCA), the Institute of Financial Accountants (IFA) or the Chartered Institute of Management Accountants (CIMA). However, you may be exempted from some of these exams if you already carry a degree, are part-qualified or already a professional. You’ll need to have exceptional English, Maths and IT skills as well as a logical approach and understand how to explain financial information in a clear yet professional way.

Depending on the role within the industry, your daily tasks may include both monitoring and spending designated budgets, making business decisions to help develop the brand, manage your team, auditing and overseeing the companies’ payroll.

As an accountant, you have the opportunity to earn anywhere between £25,000 in a starter position up to £100,000 with experience although this may vary depending on location, nature of the business and responsibilities.

Progression opportunities include in management, as a finance director or as a chief executive of a company. You may even decide to be self-employed as a management consultant.

Find out more about either of the institutes please follow the links below:

Chartered Institute of Public Finance and Accountancy: https://www.cipfa.org/

Institute of Chartered Accountants in England and Wales: http://www.icaew.com/

Association of Chartered Certified Accountants: http://www.accaglobal.com/uk/en.html

National Careers Service: https://nationalcareersservice.direct.gov.uk/job-profiles/public-finance-accountant

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