If you are not in an accountancy job or have an accountancy qualification you probably don’t know much about the accountancy profession. However if you are a student interested in gaining an insight into this profession, this article will give you the introduction to accountancy.
Accountancy is one of the oldest established professions. Employer’s world over look for accountancy qualifications for a huge range of jobs, so career prospects are excellent. Yes you heard me right! Just check your daily tabloid; you would agree with me that there are many graduate jobs in accountancy almost on daily basis. I would proudly say that there is probably no better entry to high paying jobs in business than spending a few years in a school of accountancy.
Accountancy is one of the most flexible professions I know. You can study accountancy at any age in your career and still make it to the top and you do not necessarily need a strong academic background to get accountancy qualification.
You can study accountancy flexibly at almost every level of your accountancy profession. So whether you take a career break or work full time you can still continue studying and complete your accountancy qualification.
The changing roles of accountants and the misinformation and lack of accurate information about what accounting is and what accountants do contribute to the inaccurate and often negative perceptions people have of accountancy and accountants. You should bear in mind that there are different specialism in accountancy there are different areas of accountancy and professional bodies. My simple advice is to first decide which area of accountancy you wish to go for at an early stage.
Research through the following professional bodies websites and find out what they do, look carefully at their syllabus, their entry requirements, membership and examination fees. This will help you decide where your own career interests can be served.
Institute of Chartered Accountants in Ireland (ICAI) established accountancy body and voice of accountancy profession in Ireland.
Institute of Chartered Accountants in England and Wales (ICAEW) provides insight to the global accountancy and finance profession.
Association of Chartered Certified Accountants (ACCA) is another global body for professional accountants.
Chartered Institute of Management Accountants (CIMA) is a professional body of management accountants.
The Chartered Institute of public Finance and Accountancy (CIPFA) is a leading accountancy body for the public services.
The Association of International Accountants (AIA) An international accountancy and accountancy examining body in the UK
Lately, most international students became certified accountants rather than chartered accountants, the reason is simple the body that administers the certified qualification, the association of chartered certified accountants ACCA, is the biggest professional body operating internationally with examination centers in 140 countries. This coverage makes the ACCA qualification very accessible to international students but the situation slowly changing.
Here are the three things you must do correctly before you choose the right accountancy program.
1. Think about the sort of accountant you want to be.
2. Consider the various routes to qualification. You can do a degree in accounting and finance that would give you exemptions from some parts of the professional examinations.
3. Look thoroughly through the materials on the professional accountancy bodies websites.
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I'd also recommend that accountancy students keep up with the ever changing ir35 rules. Because these rules have become judicial, they are largely open to interpretation and exception.
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