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How to become an Accountant

by ceojem in Accounting / Finance 13/09/2016 0 comments

Accounting Careers

Want to become an Accountant? Accountant’s duty

As an Accountant your main duty is to prepare a business accounts, which can then be used to give an overview of the financial status of the business. You will  monitor all of the company’s financial transactions and can report any risk or irregularities to help the business make better plans to progress into the future

Even though specific responsibilities vary from one industry to another, Accountants duties will often include:

  • Tracking and examining the income and expenditure of the company
  • Managing payroll, and conducting audits
  • Identifying and investigating financial irregularities or risk  such as,  losses or suspected fraud
  • Give advice on budgeting and making recommendations on how to increase profit in the company
  • Calculate tax owed and filing tax returns
  • Secures financial information of the company by completing data base backups

Accounting Careers: Can I become An Accountant?

Success as an Accountant is largely dependent on your individual numerical ability. You need to have a passion for mathematics and a close attention to details. You should also be able to work well under pressure, especially when approaching financial deadline /due date.

Career Progression: Educational Requirement

You don’t need a degree to become an Accountant, as an AAT qualification may be considered a prerequisite by a lot of employers. Acquiring one or more of these industry recognised qualifications can help you quantify your skills and break into the industry to become an accountant

Accountant Salary (United kingdom)

An Accountant earns an average salary of £28,306 per year. Most people move on to other jobs if they have more than 20 years’ experience in this career.

£18K
£28K
£49K
Median: £28,305
National Salary Data (?)
£0 £18K £36K £54K
Salary

£17,503 – £49,041
Bonus

£0.00 – £6,092
Profit Sharing

£0.00 – £7,233
Total Pay (?)

£17,343 – £51,411
Country: United Kingdom | Currency: GBP | Updated: 17 Mar 2016 | Individuals Reporting: 1,854

Common Career Paths for Accountant

Accountant, Financial Controller, Finance Director, Chief Financial Officer (CFO), Director of Finance & Administration, Financial Director, Chartered Accountant, Financial Controller, Finance Manager, Finance & Administration Manager, Senior Finance Manager, Commercial Finance Manager, Management Accountant, Senior Accountant

Important Skills For An Accountant

This list show the most import skills for an account and effect each skill has on pay.
  1. Financial Analysis – median salary £31,000
  2. Financial reporting – median salary £30,000
  3. Account management – median salary £29,000
  4. Microsoft excel – median salary £27,000
  5. Tax preparation –  median salary £26,000

Skills That Affect Accountant Salaries

SAP SAP Financial Accounting and Controlling (SAP FICO)
up arrow10%
Financial Analysis
up arrow8%
Financial Reporting
up arrow4%
National Average
₤29,000
Account Management
up arrow1%
Microsoft Excel
up arrow6%
Auditing
up arrow6%
General Ledger Accounting
up arrow6%
Sage AccPac ERP Software
up arrow6%
Tax Preparation
up arrow9%
Payroll Administration
up arrow10%
ACCA
up arrow10%
Accounting
up arrow11%
Bookkeeping
up arrow13%
Sage 50 Accounting
up arrow15%

 Job Satisfaction level of Accountants

Highly satisfied

Rated 4 out of 5
based on 263 votes.

Related jobs for Accountants

  • Accounts Assistant
  • Assistant Accountant
  • Assistant Management Accountant
  • Chartered Accountant
  • Finance Analyst
  • Finance Director
  • Finance Manager
  • Financial Analyst
  • General / Operations Manager
  • Office Manager

Years of Experience

Less than 1 year
5%
1-4 years
38%
5-9 years
27%
10-19 years
19%
20 years or more
11%

 Accountant’s Experience Level and Pay

The level of experience of an accountant has an influence on pay in the accounting profession

How Experience Affects Accountant Salaries

Late-Career
up arrow25%
Experienced
up arrow21%
Mid-Career
up arrow6%
National Average
₤29,000
Entry-Level
up arrow13%
 How to become an Accountant

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