Accounting and finance personnel play a vital role in every business, being responsible for keeping track of the money that comes in and goes out.
- An attractive choice for anyone with a good head for figures and real attention to detail.
- Involves working with documents in paper form and on computers.
- You are likely to work with specialist accounting software.
- You will spend time creating, updating and analysing spreadsheets.
- You will produce the reports and information that enable management teams and directors to plan ahead from a position of knowledge and ensure the company’s future prosperity.
- Managing cash flow (making sure all money owed to the company is received and all money due to suppliers is paid)
- Keeping records of all transactions
- Completing necessary paperwork such as VAT returns
- Preparing financial statements and reports
- Financial planning and budget control
- Carrying out profit forecasts
- Liaising with external companies, bankers and auditors
- Will usually involve working standard office hours, Monday to Friday, but there may be occasions when it is necessary to work late, particularly in more senior roles.
- Newly trained accountants can earn in the region of £17,000-£25,000
- Trained with experience accountants can earn in the region of £29,000-£55,000
- Senior or chartered accountants can earn in the region of £60,000-£80,000
Qualifications & TrainingMany roles (particularly senior) in accountancy require specific qualifications or a degree in Accountancy/ Finance. , and/or specialist accountancy training. Opportunities also exist for school leavers wishing to gain an entry level internship or apprenticeship. For this, A Level Maths or Scottish Highers will usually be required. There are a number of professional bodies with their own exams and qualifications, including the following:
- ACCA (Association of Chartered Certified Accountants)
- CIMA (Chartered Institute of Management Accountants)
- ICAEW (Institute of Chartered Accountants in England and Wales)