10 Reasons Why You Should Study Accounting
According to our visitors, accounting is the most popular course over the years. Asan accountant, you are required to give information about the financial position and status of an organisation and it’s a very important job. An organization would not be able to handle financial decisions without them. Accountants are responsible for the financial situation of the company so you’ll have to make sure that money is flowing! Let’s find out why it’s so popular and why you should study it. View more details here for Bookkeeping and accounting course. If you have already completed a certificate IV course in account or bookkeeping you may qualify to study the Diploma of accounting, information available here on how to enrol in that accounting diploma.
You need basic math skills
Accounting, these days is fully computerised. You don’t need to use complex formulas to calculate big numbers. Computers and specialised software do that for you. You still need to be good with numbers. Accountants now need to be able to have strong communication skills to be able to communicate with clients from various industries. If you still like the idea of completing bank reconciliation manually view this article.
Every industry needs an accountant
Think about it. In a business, they need someone to handle the money and accounts, deal with banks and taxes and so on. They need you if you are a professional with the right qualifications. It is not enough to just be able to have the skills to complete subsidiary accounts and ledgers
You can start your own business or accountancy firm
You can be an entrepreneur if you are an accountant because it simply enables you to know the ins and outs of various industries and markets. If you are a highly qualified and professional accountant with the right skills and qualifications, you can be an independent accountant, have your own firm, and employ others.
You can work abroad
With qualifications like ACCA, you can work in more than 120 countries. You might be attached to big firms that would want to send you to different countries. So, it is kind of a professional passport.
More consultation, less number crunching
Accountants are not mathematicians, but they are advisors and bookkeepers for clients and a communicator. Having said that you still need to ensure you are aware of the latest technology when it comes to accounting or bookkeeping.
Seasons to make big money
During a financial year, you will be needed for auditing and assessment quarterly or at the end of the financial year. You will have to deal with taxation, speculation/predictions, and financial planning for the following season. This is a very busy time for accountants.
- Grow your connection with volunteer work
A lot of big organisations like (WHO, WFO, WWF, UN, Amnesty, and many others) need professionals to help and volunteer to do some work for them because they are always short on funds and get much of their work done through volunteers. You, as a qualified accountant volunteer, will meet high calibre individuals that can help you go far. They can write you a recommendation letter, connect you to other professionals, or even get a job with these organisations.
A degree is not necessary
Accountancy is all about skills and professional qualifications. You can study on your own or enrol at an institution that offers the right qualifications. ACCA is a great way to get a job at a young age. It pays you well, and it is accepted in many countries around the world. One can even start studying accountancy right after SPM.
Your skills are always in demand
Money is a basic requirement so jobs in finance like accountancy is always in demand.
A finance professional is always needed by businesses and various industries. Where money is involved, an accountant is needed.
Accounting is your Parachute
When hard times hit, companies tend to cut costs and lay off employees. Usually, the layoff process hits marketing, sales, and other departments. The accounting department is one that cannot afford to lose a member of their staff unless the qualifications are not there. Political changes also don’t impact much. If there is a change in policy, government or regulations, an accountant can always catch up with these changes. In fact, they might be the first to learn about the changes and adapt to them. However, nothing is guaranteed 100%, nothing is full-proof 100%; and in many cases, change might be necessary. If you don’t want to study an accredited qualification, consider doing certain accounting and bookkeeping subjects.