Are you good at finance management? Can you enjoy the work of money management? Hey there! The charted accountant is the best job for you. You can job in big companies and manage their finance. This is a high-paying job in the market. But the question is how to become an accountant? How many years will it take to be an accountant? Or the same as other questions.
In this article, you can read step by step guide to becoming an accountant. What are the study requirements for an accountant and how you can win a high-paying job? From no experience to a good experience accountant, what step required? All these explain in the next paragraphs.
Table of Contents
What Does an Accountant Do?
A professional accountant can manage the finance of a company or organization. He can see all transactions and budgets of a company a make a report. Accountants report about company finance to the manager and owner of a company. Also, guides the owner to manage the economy of a company and how to get double the money.
An accountant handles all taxes that issue to the government. He checks all bank statements and also analyzes the profit and loss of a company. Develop a good monthly or yearly database of a company that helps them to manage their finance. The yearly and monthly budget and expenses are also handled by an accountant.
How to Become an Accountant
Now you can see the complete step-by-step guide to becoming an accountant. The process depends upon your studies and experience with small companies.
Being finance, you need hands-on experience. But a bachelor’s degree helps you to stand with your competitors in a big firm. So you can do your bachelor in degree in accounting. And business management or related degree.
Choose one Area of Interest
To become a financial advisor of a company. You have many choices to be a specialist in one of them. In the next lines, you can read the types of accountants. To read all those types you can decide in which area you want to become a specialist. This thing helps you to win your dream job fast.
Entry Level Job
After you do your bachelor’s degree and choose your area of interest. Now it’s time to go for an internship. You can go to small companies and do their job for 2 to 5 years. There you can get a good experience from your seniors and also you know the basic things to handle.
Accountant or CPA
Now it’s time to decide on a CPA or an Accountant. If you go for an accountant then you no need of license and other things. Accountants work in a team.
But to go for CPA you need to do a special exam. After these exams, you work under a CPA for a specific time to get a license. This can help you to do a good job in a good company.
Types of an Accountant
In this part of the article, you can read about different types of an accountant. These types help you to choose any one type and become a specialist in it.
- Government Accountants
- Certified Public Accountants (CPAs)
- Forensic Accountants
- Management Accountants
People who work with the minister of finance are accountants. These accountants help the government to collect and manage taxes. Also, help the government to make a better people budget. That helps people and the government to manage their expenses. Government accountants work in different cities and states of a country. These all help government manage finance in all countries.
Managing and analyzing the company audits is the job of an auditor. An auditor can also help the company to manage its reviews. And give them recommendations to improve more and faster. Maintaining financial records and records and account books is also the job.
Certified Public Accountants (CPA)
The CPA sees all the finance of a company as a head of finance. He will manage the economy of a company. The owner starts new projects and manages the budget of a company with the help of a CPA.
These accountants look at the fraud in a company and do a possible investigation. Forensic accountants also study the financial record of a company. They check whether the records are accurate or not.
Management Accounts help managers in a company to manage the finance. To give the manager all reports of risks in a company and analyze the profit and loss.
Different countries have different salaries for accountants. In the USA, the salary of an accountant starts from $5k and goes on. In the UK, it starts from £2K and goes on.
Here are some important questions and their answers. You can read these questions that help you in your career as an accountant.
Is it hard to be an Accountant?
Being a charted accountant is not a very hard job but needs a lot of experience. Because as a charted accountant you manage the finance of a company. So if you have a good 3 to 6 years of small firm experience then you can enjoy your job.
How many years will it take to be an accountant?
4 to 6 years. 4 years of graduate degree and after 2 years of internship. This can make you a good fresh accountant.
What qualifications do you need to be an accountant?
To become an accountant you need 4 years of the graduate program. This 4 years program help you to go for an interview with big companies. The thing that helps you to win a high-paying job is your experience.
This is the complete step-by-step road guide to how to become an accountant. Also, we can add types of accountants and some important questions. If you have any questions related to this topic please comment below. Thanks.