People usually ask : How many years does it take to become an accountant? What qualifications do you need to become an accountant? Answers to these questions are discussed below but before moving forward you need to ask yourself. Do you have a natural flair for numbers? Do you know your way around spreadsheets, charts and complex financial data? Are you nothing short of a connoisseur of the calculator? If yes, you could be a prime candidate for an outstanding career in accounting and finance!
The primary duty of the accountant is to oversee and manage the accounts of the clients or business they work for. Along with controlling essential financial matters like tax contributions, profit & loss reports and so on, they play a key role in determining the company’s overall financial status and viability. Financial experts are routinely called upon to help with budgeting, long-term forecasting and generally optimising the financial performance of the business.
While the exact duties of the accountant will vary in accordance with the setting they work in, typical tasks and responsibilities include:
Recording and analysing all company revenues and expenses
Conducting audits and overseeing payroll
Monitoring company accounts for evidence of fraud or poor performance
Advising executives on how to improve revenues and reduce loss
Filing tax returns and working to minimise required tax contributions
Analysing and exploring potential investment opportunities
Am I Right For the Job?
The most important skill required to make it as an accountant is high-quality numeracy. It is possible to pick up the majority of hard skills required along the way, but those who are naturally numerically-talented stand to excel in accountancy. Attention to detail is also of critical importance, as is an investigative nature and analytical thinking.
Additional traits and attributes of importance include:
A qualified accountant working with an established accountancy firm or in-house for a business can expect to take home around £35,000. Senior accounts managers routinely earn more than £50,000 per year, while finance directors and executives may earn in excess of £100,000. For those who work freelance or set up their own businesses, potential earnings are largely limitless.
As accountants and financial professionals directly contribute to the success of the businesses they work for, it is a role of heavy responsibility and potentially outstanding rewards. Long hours and challenging deadlines are to be expected as standard, just as is dealing with challenging clients and scenarios when working as a freelance accountant.
“Maths was always my strongest subject, so getting into a financial career of some sort was a no-brainer. I get a huge kick from knowing what I do is helping several small business owners, since I made the decision to quit the accountancy firm I worked at and set up solo. There’s a lot of responsibility and late nights can’t be avoided, but the satisfaction of it all really is something else.” – Katherine Johnson, Freelance Accountant
Taking the Next Step
There’s no requirement to study accountancy to work in the field, though it can be extremely difficult to be taken seriously without the right credentials. A recognised qualification can make all the difference, both in terms of securing employment and attracting new clients if working as a freelancer.
Brentwood Open Learning College is committed to providing only the very best distance-learning programs at a variety of levels. Study in your own time and at your own pace, for a recognised qualification that could change your career and your life.
For the strongest possible start to your career in finance, our highest-level Accounting and Finance Diploma offers a comprehensive exploration of all aspects of accountancy.
We also offer an intermediate-level Accounting and Finance Course, which focuses on a number of key skills, industry insights and the technical training required to secure entry-level positions.
Our foundation Accounting and Finance Course lays a solid foundation for further study, or may prove helpful for small business owners looking to master the basics.
For more information about our Accounting certificate/diploma courses and Free Courses, get in touch with the Brentwood Open Learning College admissions team today.