As a career, accountancy and finance is a good choice. The pay is good and there is a wide range of career options. There are a lot of options for those wishing to enter into this industry, and also a lot of expectations. Today financial world is laced with fear and uncertainty. There are many companies who are looking for qualified accountants and financial analysts than ever before.
Accounting is a study of how businesses track their income and assets over time. Perhaps most important you will learn how business works. The field of accountancy offers challenging work that is constantly evolving. It's not the matter of surprise that many successful players in business start their career as accountants. Accountancy has its applications in sectors such as schools, colleges, universities, NGO's, government organization, small, medium and large scale commercial units.
Career opportunity in accounting and finance are never-ending. If you a degree in accounting then you can become a general accountant but this is just one of the options that you can follow. Some of the things that you can get into include auditing, banking, chartered accountant, corporate recovery, corporate finance and taxation management. There are also specialist areas you can opt for like management policy, taxation, auditing etc.
Accountants should have numerical ability, eagerness to take decisions, imaginations, and an analytical presence of minds, the ability to write and speak concisely, resourcefulness and a confident manner.
The two major streams in accountancy are Chartered accountancy and Cost and works accountancy. CA program is of 2 years separately from the training period it has three categories namely- Foundation, Intermediate, Final examination.
Reports show that employment prospects for this profession is quite high over the past few years. You will be handsomely rewarded with a good salary and perks. Freshers who work in banks earn an average of 1 lakh annually, while financial managers earn almost double that amount. This field is challenging, competitive and remunerations are around Rs 10000 to start with. This remuneration varies with place and employing organization and individual capability.
The accountancy and finance sector is on rise in India and as well as abroad. If you are looking a career in this Accountancy and finance sector, it would be good for you to find out about the different job profiles that accountancy sector provides. Job prospects in this sector are commendable. If you have the skills and potential suited with the accountancy then opt for this right now!