Accountancy job rules are very specific to the role you’ll be doing. That’s why the higher up you go in the profession the more people tend to specialize. Trainee accountants do a lot of work, but they also need to do a lot of thinking about their career trajectory.
When you’re conducting your job search, you’ll likely have an idea of what branch of accountancy you want to go into. Not only are there different types of accounting but you may want to aim your services at a specific segment of the population, for example, accountancy for freelancers or those looking for the best franchise to own and develop. During your degree, you will have no doubt found some aspects of the field more riveting than others and you’ll be able to turn your attention to the areas that interest you. There are vital qualifications you can add to your degree to make you irresistible to employers. In fact, there is quite a selection of them, but there are some main ones that cover the major sectors.
For instance, the ACCA qualification, which is offered by the Association of Chartered Certified Accountants, is one that is entirely focused on business. Similarly, the CIMA qualification is one that focuses on accounting in the business world, while CIPFA is particularly geared towards accountancy in public services. This can lead to any number of well-paid positions within local authorities up and down the country. Finally, the Institute of Chartered Accountants in England and Wales offer their own qualification to assist you in your career. This is why it’s important to know where you’re going and why before you start applying for accountancy jobs of any variety. The field is vast and so are your options.
Accountancy and Finance Jobs: What Are the Differences?
Accountancy and finance jobs are often conflated to be the same thing but they’re not. In essence, they do deal with similar aspects of work for an accounting firm. However, accountants and financial assistants often specialize in different areas of business and there are separate degrees offered at universities for them.
If you’re conducting a job search, then it’s likely you’re aware of the differences between accountancy and finance roles. However, if you’re looking ahead to your career or wondering how you can switch to a different role then it’s important to know what skills you’ll need. Accountancy is a field with a relatively narrow focus, but finance covers an array of positions. Accounting is far more focused on the day to day of tax, payroll, and accounts. On the other hand, finance positions are generally more related to financial services in business, consultancy and banking.
These careers tend to have the responsibility that comes from projecting future trends, analyzing the potential for profit and growth and searching for funding opportunities. So, on the surface, the potential within straightforward finance careers may seem higher. However, the risks are also greater and are not always within your control. Accountancy jobs are usually steady roles where the tasks and responsibilities are more strictly defined. This doesn’t mean they’re boring, but it does ensure a level of financial security that other positions may lack. The higher you go in any profession the more specialized you have to become in order to progress.