More than 300,000 professionals work in the UK's accounting field, and the role is essential in firms of all sizes. Taking on the responsibilities of preparing accounts, budgets, and financial information for public and private companies, a career in accounting offers excellent diversity.
There are opportunities to specialise in particular areas such as taxation or forensic, management, corporate, commercial, or international accounting in the accounting role.
Typically working within a firm, your main duties may include preparing accounts and assuring information is accurate and up to date. Your financial acumen will be leveraged to monitor budgets and spending, conduct audits and analysis of financial performance, and ensuring financial records and statements comply with law and regulations.
The company will expect you to be responsible for handling important documents. You may also be called upon to present advice on reducing expenditure and increasing profits.
The average accounting salary depends on your experience, education, and qualifications. Graduates typically join a company and train straight away to gain further qualifications. An accounting clerk that has gained some experience and further training can expect a salary of £34,000.
Once established in the role, you can develop your career, become a manager or chartered accountant, and earn a salary of around £60,000. Further qualifications and specialisation can earn you significantly more.
Careers typically start at a graduate level, and there are opportunities to develop your career in partnership with an employer through apprenticeship programs. You should expect to work in an office environment with traditional hours, depending on the role, company, and industry.
Flexibility is vital as you may need to work more hours on the run-up to significant dates and deadlines, such as the month-end and end of the financial year. You may work closely with colleagues in a team or on your own in smaller companies.
You should possess excellent numerical skills and have a passion for accuracy and attention to detail. Problem-solving and analytical thinking is a crucial skill, along with being proficient in working with complex data.
Accounting professionals are organised and able to work to strict deadlines. They are effective communicators of complex information, making this understandable to the audience, which could be an internal team, external customer, or board director.
If this sounds like you, then maybe it is time to kick-start a career in accountancy.