Becoming an accountant requires the right mindset and skills.
Building a career in accounting can open you up to a wealth of fulfilling and exciting job opportunities. Accounting is one job role that is always in high demand, because i'ts importance that cuts across different sectors.
Accountants basically record financial transactions plus storing, sorting, retrieving, summarizing and presenting information in various reports and analysis.
Accounting is one career that has been in existence long ago and will still remain relevant in the corporate world. Whether you are changing your career or just leaving school, building a career in accounting requires you to obtain a proper qualification.
This article gives a step-by-step guide to building a successful career in accounting.
What is Accounting?
Accounting is the systematic and comprehensive recording of financial transactions pertaining to a business. Accounting also refers to the process of summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities. The financial statements that summarize a large company's operations, financial position and cash flows over a particular period are a concise summary of hundreds of thousands of financial transactions it may have entered into over this period.
Who is an Accountant?
An accountant can be defined as a professional who performs accounting functions such as audits or financial statement analysis. Accountants can either be employed with an accounting firm, a large company with an internal accounting department or can set up an individual practice. Accountants are given certifications by national professional associations, after meeting state-specific requirements, although non-qualified persons can still work under other accountants, or independently.
Why Is Accounting Very Important
Possible Careers Fields in Financial Accounting
Now that you have decided to become an accountant, what are the possible career fields you can pursue?
Guide to Studying Accounting in the Nigeria University
To study accounting in the university, there are subjects you have to take or pass to study accounting in the university. To study accounting, you would have to take these subjects/courses in your O’level or secondary school subjects:
To study accounting at a tertiary level, management and commercial subject/courses are compulsory.
Now that you have chosen this career path in accounting, how much does an accountant earn in Nigeria
As one of the top and popular job roles, many people will be interested in knowing what accountants earn. Many persons that look forward to building a career in accounting would love to find out what the pay scale is like working as an accountant.
Below are the estimated average salaries of accountants according to their area of specialization. Based on our research, it is important to note that the salaries given below are estimated average salaries gotten from online platforms like Mysalaryscale.com, Glassdoor.com, and Payscale.com.
Salaries According to Specialization
Accounting Skills and Qualification
To build a successful career in accounting one is required to acquire some skill and qualifications.
The following skills are necessary for building a successful career in accounting:
Top Skills You Need to Become A Successful Accountant
If you are building a career in accounting, the following accounting skills are very important to have. They are
For entry-level positions, a degree in accounting, business administration, banking and other related fields. From recent trends, a degree in financial accounting may not get the job you desire. So being certified will put one in a more disadvantaged position.
Some Top Accounting Certification
A List of the Top Online Platforms You Can Learn Accounting for Free
Learning accounting could be easier with online platforms that enable you to learn from the comfort of your home without any charge. These websites provide accounting courses and resources for people interested in accounting.
Top 10 Twitter Accounts Every Accountant Should Follow
Becoming a successful accountant requires just more than skills, certifications etc. It also requires that you keep abreast of happening in the industry. The best way to achieve is to follow this top accounting twitter handles we have carefully selected.
Top Accounts to Follow on LinkedIn
It is not just about Twitter. Here are some LinkedIn profile you should follow if you prefer to hang out on LinkedIn.
How to Get a Job as an Accountant
The next great step to take after acquiring a degree or a certification in accounting is to go ahead and take advantage of opportunities. To get a job as an accountant, you will need to take the following steps.
Writing a good CV may not be very easy for first-timers. This template will help you write a good CV.
CV Templates for Accountants
Building a career in accounting just like every other career requires hard work, passion, and dedication. Getting the skill and the appropriate account certification is a great step to take in building your career.