Accountant
Introduction
Have you ever thought about being an accountant? If it’s a yes, then this article is for you. You’ll know everything about being an accountant. You’ll learn where accountants work, how much they earn, how you can become an accountant, what kind of additional in-service training they need. You’ll also learn some of the dangers involved in the job.
What is it like to be an accountant?
An accountant has to keep track of payments, financial positions, and transfers of capital or income for individual or institutional clients. Some are responsible for examining the tax implications of those actions. Accountants enjoy analyzing data and solving problems while working with numbers. They must work well independently and as part of a group. They offer guidance to clients and organizations about financial decisions while ensuring the integrity of financial records and activities.
What do accountants do?
An accountant can advise on business structure, issue invoices, record sales, manage and pay invoices from suppliers. An accountant can manage payrolls, keeps you up to date with tax laws and changes and create weekly, monthly and/or annual reports on the financial well-being of a business.
What do accountants do on a typical day?
On a daily basis, Accountants analyze business operations, trends, costs, revenues, financial commitments, and obligations to project future revenues and expenses or to provide advice. They review accounts for discrepancies and reconcile differences. They also respond to emails and deal with administrative tasks. They prepare reports for performance improvements.
Where do accountants work?
As an accountant, you can work for the state or federal government, companies, nonprofit organizations, schools, law firms and accounting firms. However, you can also work for yourself as a consultant or CPA, or even own your own accounting firm. There are four main types of accounting jobs, all of which involve different applications of an accounting degree. They include management accounting, government accounting, internal audit accounting and public accounting.
How can I become an accountant?
The first phase towards becoming qualified begins with registering at any accredited institution that offers a Bachelor of Commerce: Accounting or a Bachelor of Science: Accounting and Finance degree or diploma. A National Senior Certificate that meets the requirements for a diploma or degree course is a prerequisite. In Quebec, the chartered professional accountant (CPA) designation can be acquired in 5 steps: Obtain a recognized university degree, register with the Order as a candidate, complete the CPA Professional Education Program, complete a period of practical experience, pass the Common Final Examination (CFE).
How much money do accountants make?
The average accountant salary in Canada is $56,677 per year or $29.07 per hour. Entry-level positions start at $47,462 per year, while most experienced workers make up to $75,036 per year.
What kinds of additional training do accountants need?
You need to obtain certifications and advanced degrees; with a professional accounting certifications, you demonstrate proficiency in a particular area of accounting. You need to attend seminars and conferences; it can give you opportunity to get access to accounting and finance job training by attending events hosted by private companies, professional organizations and universities. You need to register to a library of online training materials includes thousands of courses, books, articles, videos and research reports on the following subjects: QuickBooks, Microsoft Excel, Microsoft Access, legal compliance, business processes, Project management.
What are the dangers of being an accountant?
An accountant collects and stores more sensitive personal information on their clients than almost any other business. A data breach that causes' exposure of client information could lead to damage claims, compliance costs, loss of business, and damage to the firm's reputation that may take years to rebuild. Accountants are responsible for accurate processing and reporting of a company's financial information, and mistakes can incur penalties, or worse.
What are the chances that accountants will be replaced by robots soon?
Human accountants do not have to worry about being replaced by AI technology and automation. Yes, your duties may change, and you may have to adapt, but that is part of every job. AI technology can actually make your job easier in some ways. As John G. Herndon, an accountant with 25 years of experience, said on Quora, “it would be impossible to program a computer or create a software program with the ability to exercise the judgment a fully trained and senior accounting professional has at their disposal.”
What age do accountants retire at?
The mandatory retirement age ranged from 62 to 70.
Conclusion
I hope that you enjoy this article. I hope it was useful. I'm in my third session in Accounting and management technology, everyday is like a new trip for me, there's so many things to learn, to enjoy in this program. It gives you some confidence, knowing that you can manage your financial life makes you powerful. If you choose to study in this field after reading my article, you won't regret this choice.
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Introduction link: https://accounting-manage.blogspot.com/2022/02/who-am-i.html
Glossary link: https://accounting-manage.blogspot.com/2022/02/h1text-align-left-h4text-align-left.html
Screencast link: https://accounting-manage.blogspot.com/2022/03/accounting-and-management-technology_66.html
Sources and RADARS ratings
Source: https://billykosko.medium.com/will-accountants-be-replaced-by-computers-2be8cf966fab
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Source: https://en.wikipedia.org/wiki/Accountant
Rationale: to inform or educate
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Source: https://www.cpajournal.com/2016/12/23/the-state-of-the-profession/
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Authority: research journal
Date: still relevant
Accuracy: probably true
Relevance: relevant for this document
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