In in our review of different career choices we take a look at how to become an account. Accountants can work freelance, on short term contracts or full-time for chartered accountancy firms.
What Does an Accounant Do?
An accountant primarily prepares and examines a business's finances and accounts and ensures the accuracy of the accounts. They also ensure that a business's taxes are paid correctly and in good time.
It is an office based job and you will have the option to work for yourself or for other companies or organisations. This might be a full time role for one company, or a full time role for an accountancy firm who deal with a variety of different clients. You might instead prefer to work for yourself and gain your own clients which would allow you to work from home if you preferred.
Is Becoming an Accountant Right For Me?
The qualities and skills that are ideal for an accountant are:
- Comfortable working in an office based environment.
- Excellent organisational skills.
- I.T Skills.
- A full understanding of accounting principles.
- A flair for finances.
- An analytical mind.
How Much Can an Accountant Earn?
An accountant's wages are based on a combination of experience and qualifications. You could initially expect to earn a minimum of £20,000, which with further experience and qualifications that could potentially rise to anywhere up to £100,000.
What Qualifications Do I Need To Become An Accountant?
The standard qualifications required to become an accountant are the AAT qualifications. These come in levels one to four. You may take AAT level 1 if you feel you need it, however this is not necessary.
It is advised that you begin at AAT level 2 which will qualify you to start work in various roles within the finance industry. You will progress on to AAT level 3 which qualifies you as an accountant. After this you can study for the AAT level 4 which is an advanced diploma and allows you to work as a chartered accountant and set up your own practice.