For students and
professionals entering into the job market, an accounting career offers a
variety of rewarding opportunities. The accounting field offers stability for
individuals seeking these jobs. Businesses need employees to report and analyze
the finances of the company and the accountant meets this need. When someone
decides to pursue a career in accounting, they should look at what companies
need from accountants and how they can serve the company. These career tips
will help you advance in your own accounting career.
Know the basics
While you may not be an expert in every area of accounting, especially if you are still a student, you should know the basics. Understand the primary financial statements, such as the income statement and balance sheet. Learn the basics of recording financial transactions. Companies hire students and beginning accountants for entry level positions. However, these companies also want to see that the people they hire have an initial foundation of knowledge in place. This allows the company to train the employee on their own specific accounting practices.
Understand Different Accounting Roles
The accounting field consists of several different specialties. Some accountants focus on financial reporting. Others work on analyzing costs. Some spend their days reviewing the costs of fixed assets. When looking at various jobs in accounting, understand what role each job expects the accountant to fulfill. The skills needed for each role vary considerably. Prepare for the position by researching the needs of each particular position.
Join Professional Organizations
Professional organizations, such as the Institute of Management Accountants or the American Institute of CPAs, provide resources for accounting professionals to continue developing their skills. Accountants who maintain current with industry knowledge provide greater value for their employer. In addition, these organizations provide networking opportunities where accountants meet and build relationships with colleagues. Accountants use these networks to hire new employees or to find new accounting jobs.
Pursue Certification
In an accounting career, people hold a variety of qualifications. People come into an accounting position with varying levels of education. Most have undergraduate degrees. Some have graduate degrees. Others hold certifications, such as a Certified Public Accountant or a Certified Management Accountant. Certified accountants hold an advantage over others competing for accounting jobs. Certification also opens opportunities for accountants to receive promotions in the workplace.
Volunteer
Find opportunities to volunteer and share your accounting skills with others. Volunteering allows you to demonstrate your skills while helping out your community. Volunteering opportunities for accountants include serving as treasurer for a nonprofit, counting donations collected, filing tax returns or compiling financial data for reporting purposes. Many accountants make professional connections with others by participating in activities like these. These activities also add to the qualifications listed on your resume.
Speak At Public Events
Many nonprofit organizations seek speakers for their events. These organizations may or may not have the resources to pay a speaker. However, those accountants who choose to speak at these events gain recognition as an expert. When companies are seeking an accountant, they often remember the speaker at that event. These companies may seek you out directly to discuss opportunities within their organization. You can also add public speaking events to your resume.
Publish Your Knowledge
Take the opportunity to write articles on various accounting or financial topics. Write editorials and send them in to your local newspaper. As your name gets published on a regular basis, you will develop a reputation as a skilled accountant. You can draw on this reputation as you pursue accounting jobs. Share your publications with potential employers by listing these on your resume.
While job seeking in the accounting field can represent a high level of competition, there are also many different opportunities for accounting professionals to take advantage of. These tips won’t guarantee you career success. But they will greatly improve your chances.
Know the basics
While you may not be an expert in every area of accounting, especially if you are still a student, you should know the basics. Understand the primary financial statements, such as the income statement and balance sheet. Learn the basics of recording financial transactions. Companies hire students and beginning accountants for entry level positions. However, these companies also want to see that the people they hire have an initial foundation of knowledge in place. This allows the company to train the employee on their own specific accounting practices.
Understand Different Accounting Roles
The accounting field consists of several different specialties. Some accountants focus on financial reporting. Others work on analyzing costs. Some spend their days reviewing the costs of fixed assets. When looking at various jobs in accounting, understand what role each job expects the accountant to fulfill. The skills needed for each role vary considerably. Prepare for the position by researching the needs of each particular position.
Join Professional Organizations
Professional organizations, such as the Institute of Management Accountants or the American Institute of CPAs, provide resources for accounting professionals to continue developing their skills. Accountants who maintain current with industry knowledge provide greater value for their employer. In addition, these organizations provide networking opportunities where accountants meet and build relationships with colleagues. Accountants use these networks to hire new employees or to find new accounting jobs.
Pursue Certification
In an accounting career, people hold a variety of qualifications. People come into an accounting position with varying levels of education. Most have undergraduate degrees. Some have graduate degrees. Others hold certifications, such as a Certified Public Accountant or a Certified Management Accountant. Certified accountants hold an advantage over others competing for accounting jobs. Certification also opens opportunities for accountants to receive promotions in the workplace.
Volunteer
Find opportunities to volunteer and share your accounting skills with others. Volunteering allows you to demonstrate your skills while helping out your community. Volunteering opportunities for accountants include serving as treasurer for a nonprofit, counting donations collected, filing tax returns or compiling financial data for reporting purposes. Many accountants make professional connections with others by participating in activities like these. These activities also add to the qualifications listed on your resume.
Speak At Public Events
Many nonprofit organizations seek speakers for their events. These organizations may or may not have the resources to pay a speaker. However, those accountants who choose to speak at these events gain recognition as an expert. When companies are seeking an accountant, they often remember the speaker at that event. These companies may seek you out directly to discuss opportunities within their organization. You can also add public speaking events to your resume.
Publish Your Knowledge
Take the opportunity to write articles on various accounting or financial topics. Write editorials and send them in to your local newspaper. As your name gets published on a regular basis, you will develop a reputation as a skilled accountant. You can draw on this reputation as you pursue accounting jobs. Share your publications with potential employers by listing these on your resume.
While job seeking in the accounting field can represent a high level of competition, there are also many different opportunities for accounting professionals to take advantage of. These tips won’t guarantee you career success. But they will greatly improve your chances.
