The Accounting field is a rather vast field that in recent time has been noted to employ quite some people. The field is deemed to be a very famous and prestigious one given the number of students that end up taking accounting classes plus the number of graduates that are churned out from the institutions of higher learning every given year. The growth rate of the field is encouraging, on a brighter note. The diversification in the multiple career options available for the field of accounting provides the basis of discussion for this paper starting off with examples of the area diversification starting off with the accountancy field.
Accountant Position
Accountants take up the function of analyzing records pertaining to money issues. They assure precision on budgetary records and that duties are paid appropriately and on a timely manner. They also evaluate fiscal operations and work to assure that association run proficiently. To become an accountant, one needs no less than a four-year college education in accounting or relevant line according to the Bureau of Labor Statistics (2015). Confirmation inside a particular field of accounting enhances an individual’s work prospects. For instance, numerous accountants get to be Certified Public Accountants (CPAs).
Management Consultant/ Analyst
In the financial world, having some financial advice backing is very much needed. Management consultants or often referred to as management analysts, guide organizations regarding matters efficiency while still being productive and profitable (AICPA, 2010). They mostly advise managers on how profitability can be increased while at the same time reducing operational costs but still maintaining quality, intact. An Undergraduate level degree is the educational requirement and it is also a step closer to the career option pathway. Other professional qualifications in consultancy enhance the marketability of an individual.
Skills for Accountants
For enhancement of professionalism in the workplace as well as the consistency in the quality of output, a desirable set of competencies is deemed to be necessary. That said the reference is made to the functionality of accountants. Accountants must have the ability to ascertain issues in documentation and as a result, make recommendations. Conscientious and Communication prowess are a must have qualities too. They also ought to have the capacity to listen deliberately to others. They should likewise have the ability to talk about the consequences of their finding upon compilation of reports. Accountants must pay consideration to the point of interest when gathering and looking at documentation. Accountants must also have the capacity to break down, analyze, and decipher statistical data points, although complex math skills are redundant (Bureau of Labor Statistics, 2015).
Pertinence of an Accountant to a Company
Accountants guarantee that money related records are exact and that assessments are paid promptly. Accountants survey budgetary operations and work to assure that associations run productively. They also have the function of assessing money to ensure that the values obtained are truthful and exact and that there is the agreement to set laws and policies. Inspection of account books as well as the bookkeeping facilities is just but frameworks for proficiency and utilization of acknowledged accounting systems. They also assess money related operations and make best-rehearses suggestions to administration. Accountants also suggest approaches to decrease costs, upgrade incomes, and enhance benefits. When a firm has individuals performing the above skills, the firm can be said to be headed for nothing but greatness and thus assure productivity, efficiency, and high profitability.
References
American Institute of Certified Public Accountants (AICPA). (2010). Positions in Public Accounting. Retrieved 24 August 2016, from http://www.aicpa.org/CAREER/CAREERPATHS/PUBLICACCOUNTING/Pages/default.aspx
Bureau of Labor Statistics (2015). Occupational Outlook Handbook: Budget Analyst. Retrieved 24 August 2016, from http://www.bls.gov/ooh/business-and-financial/accountants-and-auditors.htm#tab-4
