Are you trying to become an accountant? Whether you have a degree in accounting or something else, there are multiple paths to start an accounting career. And also accounting is one of the standard jobs with high job satisfaction and good earning potential.
If you work hard and are good with numbers, a career in accounting can be very rewarding. To get started, ask yourself:
Do I want to work in public, private, or financial services?
What areas of accounting interest me?
What areas of accounting don’t interest me?
How much time am I willing to spend on studying accounting?
What qualifications do I need for the job I want?
You don’t need to know precisely which specialization or company you want immediately. Just try to figure out which parts of accounting appeal to you.
Steps to Become an Accountant
The accounting profession does not have a single formula to be followed by everybody who wants to become an accountant. There are certain steps that need to be followed to become an account. Let’s read some steps to become an accountant;
Step 1: Get a Bachelor’s Degree in Accounting
A bachelor’s degree is the entry requirement into the accounting profession. It is often necessary to secure accounting positions at the junior and staff levels. Accounting is explained on a fundamental level, allowing the understanding of most rules and practices.
Some of the areas that will be covered include Generally Accepted Accounting Principles. Other accounting courses in Kerala undertaken include auditing and accounting information systems. This degree is a perfect start, depending on the chosen specialization, whether public, private, or related to financial services.
Another form of practical learning is gained through internships with accounting firms by many students. For these firms, internships tend to be a revolving door for full-time employment once students have graduated.
Step 2: Get an Entry-Level Accounting Job
Having a degree will help one to get an entry level job in accounting. Along with that, having an internship certificate and practical training will be an added advantage that increases your chances of getting hired. Some colleges also offer career support programs to help with this.
Step 3: Choose a Specialization
Accountants can specialize in areas like management accounting, public accounting, or forensic accounting. Public accounting is a popular choice, especially for CPAs (Certified Public Accountants).
Some specializations can be learned on the job, while others need more education. For example, CPAs often need a master’s degree. To become a CPA, you should get relevant experience and explore graduate programs and certificates. The licensing section below will give you more details on becoming a CPA.
Step 4: Earn Your Master’s in Accounting
A master’s degree in accounting is useful for specialized careers, including CPA or managerial ones. While obtaining a master’s degree is not necessary, it is advised for CPAs and can result in enhanced and more lucrative positions. Most accounting professionals don’t need a graduate degree, but possessing one would be beneficial in a professional’s journey.
However, education remains high, and a master’s degree would increase accountants’ salaries. Depending on your interests, you might also look at similar fields, such as a master of science in forensic accounting or business administration in finance. However, one should consider the advantages of such a choice, as graduation does not mean a noticeable pay rise in some occupations.
Step 5: Get a Job as an Accountant
Developing experience is important. Even if you don’t have any degree, experience is an essential one that can’t be avoided. Some research shows that experienced senior accountants often earn over $65,000 per year, and accounting managers can make nearly $80,000 per year.
Step 6: Consider Continuing Education
Accountants need to stay up-to-date with their skills, and continuing education is required for CPAs. Additional training or courses help you learn new techniques and stay current with industry changes. Many employers offer opportunities for skill development, and professional organizations also provide resources for ongoing learning.
There are many various ways to become an accountant. Becoming an accountant can be challenging and requires hard work and study. Take accounting courses like SAP Income Tax and Practical Accounting Training, which can equip you with the specializations to help you conquer diverse fields. These courses offer educational research-based skills and hands-on experience to enable a student to better enter the job market. However, it offers rewards like higher-than-average salaries, a valuable career, and growth opportunities.