You will use your accounting education to provide accurate data for your company — data that will be used in decision-making. You will ensure the integrity of the financial data for your company. Over the course of my career, I have been able to broaden my skills. Because of the trusted business advisor role, I have had the opportunity to lead IT and human resources, head system implementations, and sit at the table for mergers, strategic planning, and board meetings.
Accounting skills are needed at every company, and every department within those companies is impacted by the work of the accounting team. As a practical matter, you will be able to make a great living in this profession.
Susan Lowe is a financial executive in the nonprofit sector. She has recently served in the role of chief financial officer for organizations with missions of behavioral health, human services, home healthcare, special education, and human rights. In that role, she has focused on finance, accounting, operations, and strategy. She is a licensed CPA in Massachusetts and a chartered global management accountant.
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Are you ready to find a school that's aligned with your interests? The roles that accountants handle today is more versatile and broad. This will also give you an opportunity to take up new challenges and showcase your finer skills. You could also occupy leadership positions in outsourcing firms with diverse accounting verticals such as collections, Order to Cash, Record to Report etc. The entrepreneurial bug has bitten most Millenials today and accounting professionals are also not left far behind.
Once you have gained substantial experience in the corporate world, you can start up a company of your own with any innovative concept. There are few successful start-ups such as tax filing portals, crowdfunding websites, e-wallets as well as online corporate advisory services which have been founded by accountants with rich exposure to accounting as well as an eye for opportunities.
A decade ago, investment bankers or venture capitalists came to be perceived as most glamorous roles in the world of finance. But today with changing needs, even accounting jobs are in huge demand for global organisations. These are qualifications which equip a student to think from a holistic perspective and make them a well-rounded professional. This also makes the profile more challenging and aspirants find it intriguing enough to pursue.
The financial services and banking sector is witnessing changes in the way it functions. This is attributable not only to technology disruption but also other macro and micro factors like global economy, adoption of international accounting standards, changes in risk and compliance guidelines as well as other operational changes. With an industry as dynamic as this, accounting professionals are required to be constantly on their toes and move in tandem with the evolving market.
So there is a continuous scope of learning as well as the adoption of best practices. It quite a well-established fact that accounting is the backbone of a successful business. However, the profile was made to revolve more around mundane process-driven tasks, leading many aspirants to move away from accounting as a profession. But now students view accounting with a fresh perspective. In most cases, addition, subtraction, multiplication and division will get the job done. Many accountants spend long hours navigating complex tax arrangements and seeking ways for their clients to legally maximize their profits.
You can probably see where this is going, but this is a terrible assumption to make. Like any line of work, there are parts that can be a little dull or monotonous, but other aspects can be downright interesting.
The creativity is more about the different approaches that can be taken to help a client. Michael Rogers, CPA and entrepreneur says that prior to attending college, he assumed an accounting degree led to basically tax preparation or auditing roles, but has since learned the truth about the breadth of options. For example, management accounting, mergers and acquisitions, estate and trust accounting, and compliances roles are all types of accounting positions you may choose to specialize in over the course of an accounting career.
You might imagine accountants as bleary-eyed folks silently fiddling with spreadsheets for hours on end, only to emerge from their cubicle caves for more coffee. Allec says writing, and communication overall, is a huge part of his job. He interacts directly with colleagues and clients alike on a regular basis. I have to write instructions to others on my team so they can do their jobs better.
Sure, accounting work can be dry at times. There are a lot of erroneous assumptions about the accounting field and the people working in it. But the truth is that being an accountant might be much more interesting than you thought. If this realistic look at the role of an accountant has you considering a career in the field, you might be interested in learning a little more about what accountants actually do.
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