Choosing Accountancy As a Career Path? Know The Pros & Cons of Accountancy

Do you think accounting is the right career path? Some believe the years of accounting are dead. However, as it turns out, the year 2018 welcomes more accountant into organizational folds.

 

The International Federation of Accountants (IFAC) published in a recent report where it says that a career path in accounting has an interesting appeal for most college grads and young professionals.

 

Today, accounting is one of the most promising professions in the world. It has specialists consultancy positions across some of the Big firms including the Fortune 500 and has remarkable salary packages.

 

In fact, if you are specializing in accountancy as a Chartered Accountant, your salary package can grow more than ten folds in just a handful number of years.

 

What Are Your Job Responsibilities As an Expert Accountant

Pick any robust firm which offers accountancy service in Dubai, and ask them what are the general practices that they follow and you will get the following answer:

 

  • Auditing
  • Tax
  • Corporate Financing
  • Recovery and Insolvency
  • Forensic Accounting

 

Pros and Cons of Doing an Accounting Job

You Will Have a Clear Vision

Most professional paths require a thorough consideration where an individual has to put their mind which area of specialization should they choose. However, with accountancy, you will have a clear direction and vision on what you have to do. Besides, if you are not sure which area of expertise is the best fit for you, you will be provided with consultancy so you can consolidate your options.

 

You Will have a Chance of Potential Growth

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If you are pursuing a career in accountancy then fear not when you will step into the professional world, you will have a great chance of experiencing potential growth at a rapid pace. In just a few handfuls of years, you will achieve pioneering success in your field. In fact, if you are consistent in carrying out your duties in a particular corporate environment, you will have the chance to train more accountants coming underneath you and even manage them.

 

Your Demand Will Always Be High

As long as money is the currency for the corporate world, accountants will always be in demand. Budgets will requirement assessments and transactions will require record maintenance; hence accountancy will always be there as a stable career option. Accountants can easily fit in any organization may it be government, multinational institutions, small local businesses or any other professional setting.

 

Accountants Have Great Salary Packages

As an accountant, you will have a wonderful salary package. It is one of the main reason why one considers accountancy as an option in the first place. They not only have a generous salary package, but they also receive a good pension and additional health care service. Plus, if you are working in a good multinational firm as an accountant, you’re eligible to take holidays and travel.

 

The Only Con

Although, career path as an accountant is quite an interesting one which pays back immensely; however, the real investment comes in becoming one. To become a certified accountant, you will require to clear a certain number of qualifications and passing each of them can become a challenging task.

 

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Certifications such as ACCA, ACA, CIMA or CPA qualification have a low passing percentile and while students from around the world are appearing for these examinations seldom clear it.

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