Accounting – A Prospective Career?

by Abroad Unified Pathway Program Start in Inida Finish in Australia

There are many lucrative career options after completing high school with commerce as the core stream, and one such professional field with immense potential for current and future job seekers is the field of Professional Accounting. This field of work deals with many interesting and challenging operations related to accounting and business such as, but certainly not limited to, corporate accounting, taxation law, financial management, corporate law, economics, commercial law, cost accounting, management accounting, corporate reporting, financial reporting, auditing, business and analytics. With a mathematical bent of mind and an interest into accounting and related fields, the field of professional and business does not only offer great career prospects, but also an inexhaustible list of exciting career options within its ambit.

The professional field of accounting is vast with a large number of specialized fields to work in as mentioned above, offering many well paid job positions such as financial controller, chief financial officer, finance manager, senior accountant, accounts payable specialist, corporate controller, tax manager, cost accountant manager, financial analyst, and forensic accountant. A specialist in the accounts field enjoys another benefit apart from the scope, growth, and handsome salaries. This benefit is the varied applicability and wide requirement of accounting talent across various industries. It really does not matter what the industry is, accounting professionals are an inevitable part of them all. For instance, an educational institution requires an accounting team to perform activities such as organizing and managing institution’s finances, administering payroll and pension related functions, budget planning, advising about proper legal compliance, reconciling accounts, preparing periodical records and reports, etc. Similarly, an FMCG company requires accounting specialists to perform operations such as preparation of consolidated accounts, preparing annual audit information, streamlining the inventory while coordinating closely with other teams such as operations team, analyzing production and other costs, etc. Similarly, every industry and every organisation which deals with monetary transactions needs an accounting expert or a team.

This indicates how good and vast are the job opportunities for deserving accounting or commerce graduates in any era. Accounting specialists have job security also because accounting is like a backbone to an organisation. Even to save money and cut costs, the accounting department plays a vital role. So, boom times or crunch times, the accounting department is seldom under the hammer. The accounting department in an organisation not only records and advises on the profitability of other departments and functions but is also a contributor to the increase in profitability of the organisation. This makes this even more vital and an inevitable part of any organisation which has money involved in its operations.

While every function in a business is crucial to its success, but accounting and finance is a function which analyses every other function and advises about increasing their return on investment, and hence the overall profitability of the organisation which further leads to a more successful and sustainable business. Hence, what makes the accounting field so much more welcoming to aspiring students is the kind of career growth, job prospects, job stability, and earning prospects it has to offer.