5 Steps To Ace Account Profession
Are you a Fresher Accountant? 5 Steps To Ace the Profession
Finance is the backbone of an organization that holds attractive career opportunities. Accountants are the ones who are responsible for conducting accurate records of income and expenditure of a company. The major role and responsibility of an accountant is to maintain ledger, reconciliation, analysis of financial records, and audits. As a fresher if you are interested in heading your career in finance then we have listed five major steps below:
- Select the Correct Accounting Course (Tally ERP/Swastik/ Finpro etc.):
Being fresher who wants to pursue a career as an Accountant should enroll in an accounting course. That covers the basis of accounting principles, financial statements and basic bookkeeping. There are various courses available in the market such as Tally ERP, Swastik, Finpro, Navigator etc. which will help to develop the necessary skills and knowledge in related fields. In the current trend of the market, most of the companies are looking for candidates who have done certificate courses for the flexible working environment. - Understand manual Accounting plus Computer bases accounting:
In the present context of Nepal, there are different natures of the company that maintain financial records in both manual accounting systems and computer-based accounting systems. Manual accounting refers to the traditional method of accounting where ledger, journal, etc. are recorded in physical books whereas computer-based accounting involves accounting software to maintain the records. As a fresher, one should have prior knowledge about the technique to perform accounting tasks using both methods. - Knowledge about the Government’s taxation and business laws:
The government’s taxation and business laws are a crucial part of the accounting system. Accountants must be aware of essential tax obligations regarding income tax, sales tax, property tax, and payroll taxes, which will help to understand legal complications. As a fresher having knowledge about taxation will add valuable insight for a better career. - Growing Demand for Accountants in the Market:
The demand for accountants in the market seems to be increasing ratio due to economic growth and the establishment of new business ventures. As the world becomes more complex, the role of accountants has also expanded which means there are more job opportunities available for those with the necessary skills and qualifications. - Enables the ability to make an analysis of the transactions:
Finance is all about making records of financial statements and analyzing the financial transaction. The individual who looks forward to an established career in the accounting field must have the ability to evaluate and understands the analytics of overall transaction. Companies always seek versatile candidates so a fresher one should be able to analyze the transaction and provide insight into various aspects of financial activity.
By Prashamsha Thapa Magar
Senior Accountant at 25 Gate Accounting & Consulting Pvt. Ltd.