People with an analytical mind, and skilled at numeracy and money management are usually the ones who decide to take up the job of an accountant. But the great question that persists is how to become an accountant in the UK? A career in accounting is often perceived as uneventful but for people who find a proclivity towards the field, a career in the same could be the best thing to ever happen to them.
If you are one of the people who wish to be an accountant, the following are the steps that you need to follow in addition to having excellent interpretation skills.
To become an accountant, the minimum qualification that would be expected of you is AAT (Association of Accounting Technicians). To progress further as an accountant, you will need to clear ACCA (Association of Chartered Certified Accountants), ICAEW ((Institute of Chartered Accountants in England and Wales, also known as ACA) or CIMA (Chartered Institute of Management Accountants) levels. While these qualifications are necessary, an undergraduate degree is not essential. Even in cases where it is a requirement, the subject that graduation is pursued in could be any. Studying mathematics and economics at the A-level is desirable and even recommended but if you didn’t study these subjects, it won’t be a problem.
Several accountancy firms accept candidates with qualifications from any board but they need to make sure if the candidate has a well-planned career path in mind.
The field of accounting and the careers in it are made up of two types of work- management accounting and financial accounting. These segregations too are made up of several branches that candidates can opt for to study in detail and specialize in.
The major difference between the two categories is that while management accounting works to provide information to the people in a company, financial accounting gives information about the company to outside parties such as shareholders. Moreover, financial accounting studies the whole organization whereas management accounting covers only specific products and parts.
There are various kinds of jobs that candidates can choose to do and even then, they get the choice of working in either the public sector or the private sector.
Even though the qualifications of a person matter to an extent, nobody can argue with the benefits of real-life accountancy skills, work, and experience. Graduates can work on their skills and sharpen them to secure jobs that are recognized and reputed institutions.
An accountant has various industries to work in and so, the student should create well-thought-of goals and focus on them.
4) Working experience
There is another way of landing jobs in the accountancy field. This is done through voluntary, part-time, or placement work. These opportunities provide extensive experience regarding what happens on a usual day at the workplace and in the field. It might give the student important insights about the work and what is asked of them.
Summer internships with giants such as PwC or Deloitte can be very helpful for highly competitive students and will boost their experience.
You can end up an accountant if you follow the tips given above and work diligently towards your goals. This can also come in handy where you want to start your business. With a prowess over accountancy, you will not need accountancy outsourcing to help you with needful.