Qualification Required for Accountancy

The accountant job descriptions of some companies may ask for accounting degree or diploma or commerce background. But some companies give priority to experienced personnel. But if you have both then your chances of getting hired by a good company are maximum.

There are different types of accounting careers such as, public accounting, management accounting, government accounting, and auditor accounting etc. Each of the type requires different set of skills. So you must have the relevant qualifications.

Apart from this, accounting is also industry specific, such as banking, investment, marketing, etc. so you must have the industry specific qualification, skills, and experience. But some of the common accounting job skills included in all the accountant job descriptions are given below

• An eye for details
• Accuracy and perfection
• Planning and prioritizing, and organizing skills
• Knowledge of economics and accounting process
• Networking and communication skills
• Knowledge of relevant financial policies, laws, rules and regulations
• Knowledge of relevant accounting software
• Problem solving skills
• Ability to handle pressures
• Neat and tidy work practices.

Text 11

TYPES OF ACCOUNTING CAREERS

Any educated individual with an analytical understanding of finances can aspire to be an accountant. Interpersonal skills, ability to communicate and market awareness play a key role in understanding the complex and changing financial environment. Following are the different types of accounting careers:

Financial Accounting

The work of the financial accountant is to make analytical observations that would influence the investment and credit decisions.

Public Accounting

This type of accounting is the most varied type and includes bookkeeping, account management and financial analysis for individuals, private businesses, public firms, government or NGOs, which are based either nationally or internationally. A public accounting business can have one or more accountants and both certified and non-certified accountants can provide public accounting services to their clients. A public accountant can also be involved in external auditing or forensic accounting. Public accounting involves analyzing historical financial data to check for any discrepancies such as money laundering, embezzlement, frauds and any other illegal financial transaction and draw it to the attention of the law enforcement authorities.