Explore the world of the professional accountant and take your first step toward an incredible new career. Take control of your future today with a high quality distance learning course from Oxford Home Study College.
Financial accounting is roughly defined as the practices and processes by which financial transactions are recorded, monitored, analysed and managed. Professional accountants play a direct role in the financial performance and efficiency of the organisations and individuals they work for. Accountants take charge of all key financial matters, including revenue analysis, profit and loss management, debts, credits and all business expenses. Along with ensuring that the business meets all essential tax obligations, accountants are also directly involved in minimising expenditure, maximising income and bolstering profitability.
As a subject, accounting and finance is important for the simple reason that it plays a significant role at the core of every organisation. Across public and private sectors alike, including non-profit outfits, it is impossible to operate without operational finances. Any business that relies on money to get by is dependent on the services of accountancy professionals.
Just as the strongest accountancy can have a highly positive impact on business performance, poor accountancy can lead to heavy losses, prosecution or even the collapse of the business.
These days, companies of all shapes and sizes are scrutinised like never before with regard to their financial activities. It is for this reason that qualified and capable accountancy professionals are in extremely high demand across almost every contemporary sector.
A career in professional accountancy can be incredibly fulfilling and rewarding, though must be built upon a solid educational foundation. Even if your numeracy skills are already outstanding, there is a great deal of highly-specific theory which must be studied in-depth.
Just some of the benefits of studying accounting and finance include:
1 – Employment Prospects
Because professional accountancy is something the overwhelming majority of businesses are dependent on, employment prospects for qualified candidates are limitless.
2 – Job Security
Irrespective of technological advances, there will always be enormous and ongoing demand for skilled accountants and financial professionals. A career in this particular sector can represent a highly secure career for life.
3 – Flexibility
Those who work as self-employed accountants enjoy full flexibility and the freedom to choose their own working hours and patterns. Accountancy represents an excellent prospect for establishing and running a home business.
4 – Enhanced Prospects
If you are already working in a financial or accountancy position, studying the subject in greater depth could help improve your competences and future career development prospects.
5 – Financial Rewards
Potential earnings are limitless in accountancy and finance – particularly for those who set up and run their own businesses. Experienced accountants working at the highest levels often command quite extraordinary prices for their services.
Along with the strongest numeracy skills, it is also necessary to study the specifics of accountancy and finance from a business perspective. Cash flow statements, balance sheets, profit and loss accounts, taxation, budget strategy development, investment analysis – all critically important for the working accountant to master.
Experience breeds the very best accountancy professionals on the market, but it is extremely difficult to get started in the first place without having studied the profession comprehensively. Those with a strong and relevant educational background will always have an edge over the competition when it comes to employment prospects.
· Salary– Right now, the average annual salary for financial accountants working in the United Kingdom is just over £34,000. A specialist tax accountant may earn in excess of £50,000 per year, while financial controllers and directors often earn more than £100,000 annually.
· Working Life– No two days are ever the same in the world of the accountant, which in turn means a somewhat unpredictable and dynamic working life. Most work around 40 standard office hours per week, though during busy times and when dealing with urgent issues, it is not uncommon for an accountant to work 80+ hours in a single week.
· Potential Employers – Along with literally thousands of businesses of all sizes that employee their own in-house accountancy teams, there are also countless third-party financial consultancy firms that represent potential employers for qualified candidates.
· Self-Employment – One of the most appealing prospects for those entering the industry is that of setting up solo, or beginning a new business from scratch. Many of the world’s most successful accountants are self-employed, having decided to write their own success stories.
Here at Oxford Home Study College, we offer only the most outstanding quality online accountancy and finance courses. Our distance learning programs are developed in conjunction with leading academics and industry veterans, in order to guarantee superior content without exception. Whether looking to climb the career ladder or start out in an entirely new direction, a world-class distance learning opportunity could significantly enhance your prospects.
Our highest level Diploma in Accounting and Finance (Level 4) is ideal for those who are serious about carving out an incredible new career path. We also offer an intermediate Certificate in Accounting and Finance (Level 3), along with an introductory Accounting and Finance Course (Level 2) for candidates interested in getting to grips with the basics. We also offer some courses for absolutely free. Explore our free online courses.
For more information on any of our online accounting and finance courses or to discuss enrolment, get in touch with our admissions team today on + 44 01865 686162, or drop us a line at [email protected].