The field of accounting is challenging and exciting. It is the field where one becomes familiar with the very finer points of business. So, it becomes a platform for many senior level positions to start with it. The job of accountant is always in demand. Taxes, audits, book keeping and overall the business scandals keep the demand of accountants hot.
The discipline of Accounting revolves around the mechanism of business track, its income and assets. The domain of accounting encompasses activities like preparing of financial statement, costs computing, mergers & acquisition, recording of business transaction, quality management, tax strategy, etc.
Career Prospects in Accounting
Both private and public firms are available to start one’s career as an accountant. In the private firm, one can join big corporations, big companies, MNCs, KPOs, Ernst & Young, Price Waterhouse Coopers, IT hubs, etc. for the works like financial statements, track costs and handles tax returns. But the experiences with government are more worthy as one get familiar with the very nuances of accounting. In the government sector, the accountants prepare budget, track costs and do the financial and monetary day to day activities of concerned organisation. A master degree in finance opens the door for senior level positions. A meritorious and hardworking accounting graduate can work in areas like commercial real estate, corporate finance, commercial banking, portfolio analysis, investment banking and asset management.
Jobs Options in Accounting
Due to the diversified growth of business, finance and economy activities, thousands and thousands jobs are available in the field of accounting. Job opportunities are available as audit, budget analyst, financial accountants, management accountants and tax accountants. After good knowledge and experiences in the field of accounting; one may get placement as investigate accountant, financial planner, financial manager, loan underwriter, portfolio analyst, controller, budget analyst, cost accountant and tax planner.
Jobs after Accounting Course
If you have command in accountancy, and having the knowledge of finance and monetary aspects in-depth, getting placement in foreign countries firms are easy too. Following job profiles are available for the deserving candidates in the developed world:
- Financial Analyst
- Cash Manager
- Credit Manager
- Investment Manager
- Investor Relation Manager
- Payroll Manager
- Commercial Lender
- Trust Manager
- Private Banker
- Investment Banker
- Venture Capitalist
- Hedge Fund Manager
- Risk Manager
- Claims Analyst
- Underwriting Agent
Courses for Accounting
The course and syllabus of accounting is taught since 10+2 standard. At the graduation level, much more thrust is given on accounting. After successfully completing B.Com, one may opt for M.Com with specialisation in accounting and finance. Professional courses may also be pursued such as ICWA, CA or ACS to the make the subject of accounting more market friendly. The bachelor of accounting develops multi-facets skill in the candidates to tackle accounting and financial management smoothly. These days, a number of candidates are also pursuing computer accounting course where after getting command over tally, one may get absorb in the private sector.
The course duration for B.Com is of three years comprises six semesters whereas M.Com is of two years, consisting of four semesters. The approximate fee for B.Com is 14, 000/- for three years while in case of M.Com, the fees is 15, 000/-per annum.
Functions and Duties of Accountants
- Accountants provide the data to know about present and future financial activities of an organisation.
- They do the work of business track, income and assets.
- Record of business transactions and tax strategy.
- They have to prepare financial statements and recording business transaction.
- Showbiz accountants are fully concentrated upon entertainment accounting.