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.
The Role
  • 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.
Salary
  • 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
Salaries typically depend on location, employer and level of responsibility. Salaries and career options improve with chartered status.
Qualifications & Training
Many 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)
These qualifications are often undertaken whilst working in an accountancy role, and supported by the employer in many cases.