Starting out in accountancy: What are my options?
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Very good article, however perhaps "direction" may have been the wrong word. I think "direction" can only come when you have a grounding. To me this only comes by working in a medium sized practice, undergoing the basic training (not from manuals). Then you can decide if you want to be a "number cruncher" (nothing wrong with that) or an Accountant.
A person beginning a public accountant'/s office would be very surprised by your cagorisation of accounting jobs "Generally, the four accounting specialisms are:
Financial accounting
Management accounting
Internal auditing
Group accounting"
Well there are some basics which you need to clear before learning anything. Like ledget, BRS, BOI and many more.
There is a website from where I learned about them, you can also visit it to get your basics clear on kickass proxy websites
Being an aspiring accountant, i find this to be very apt and informative. As of now, i have done foundation and currently doing AAT Advanced course . And I see myself being an MAAT designated accountant in a few years from now.
Doing ACCA or CIMA would be an option for me to consider later on. But for now, it's AAT that i have to conquer first.
Practical Training plays an important part. I have realised it quite late in my career. we focus on passing the exams and when the job comes in ,we are not practically ready. Hmrc keeps on updating important compliance and regulatory requirements , like MTD. I strongly recommend having a academic qualification like AAT integrated with the Practical training.
You can blend the training like,
Level 2 AAT is covered practically by Bookkeeping, VAT and Payroll Training
Level 3 AAT is Covered practically by Accounts Assistant Training
Level 4 AAT is Covered practically by Final Accounts Training
you can check more on www.fctraining.org
i found it useful.
Practical Training plays an important part. I have realised it quite late in my career. we focus on passing the exams and when the job comes in ,we are not practically ready. Hmrc keeps on updating important compliance and regulatory requirements , like MTD. I strongly recommend having a academic qualification like AAT integrated with the Practical training.
You can blend the training like,
Level 2 AAT is covered practically by Bookkeeping, VAT and Payroll Training
Level 3 AAT is Covered practically by Accounts Assistant Training
Level 4 AAT is Covered practically by Final Accounts Training
you can check more on www.fctraining.org
i found it useful.