Accountants are in charge of handling, analysing, and auditing corporate financial matters. Common accountancy tasks include processing invoices, recording financial transactions, keeping track of corporate expenses, handling payroll, and filing tax returns and VAT. Experienced accountants may also be required to plan corporate budgets and write financial reports. Due to the nature of the profession, accountants are required to have strong numerical and analytical skills, a keen eye for detail, and extensive knowledge of the current legal regulations that are relevant to their field. Other desirable characteristics include accuracy, a strong interest in business and finance, and good problem-solving skills. Accountants must also be able to use bookkeeping software. Accounting jobs are often full time and office based, although part-time and self-employment opportunities are also available.
Accounting Job Education Requirements
Entry to this profession requires gaining a professional qualification with the Association of Chartered Certified Accountants and/or the Association of Accounting Technicians. These qualifications can be completed in 3 years, and in order to be accepted into the course, candidates must have at least 2 A-levels in maths and English or a 2.1 degree. Apprenticeships in accountancy are also available. Gaining chartered status is desirable as it opens up a range of employment and career progression opportunities. Becoming a chartered accountant requires having 3 years of experience and undertaking further study with the Association of Chartered Certified Accountants. Additional progression opportunities exist in areas like treasury, corporate finance, and the actuary field.
Entry-level jobs often pay an average salary of £29,000. Studies show that average salaries for qualified accountants are £47,000/year. Experienced executive accountants can earn as much as £85,000/year, whereas average salaries for treasurers and financial controllers range between £55,000 and £59,000/year.