High growth potential in money management business

Accounting jobs are full of challenges and offer wide range of career prospects for graduates or 'A' level school-leavers who have fire in their belly.

As an accountant, your job will involve keeping day to day track of the financial health of the company and also providing financial advice to clients in order to boost his business. What exactly you will be doing will be decided by your area of Specialization.

Tax
Tax consultants basically help corporations and individual tax payers to file their tax returns. They guide clients on various money matters. The career requires excellent analytical skills combined with good amount of patience.

Corporate Finance and Corporate Recovery
Businesses that already in the red look toward Corporate Recovery and Corporate Finance professionals for help. If you are a part of such a team then you will have to be ready to be called at a short notice to handle the business on behalf of its creditors. Here you will have to do lots of fire-fighting and take on responsibilities. This is really an adrenalin pumping profession.

When it comes to raising money from the market, based on company’s performance, funding its growth or perhaps advising on acquisitions, take-over, Corporate Finance is called for action. Corporate Finance has to have strategic as well as lateral thinking in order to deal with different kind of situation. You will have to constantly think of new strategies for growth and take proactive steps. In most of the cases you will have to literally put yourself in position of the chief executive of the company.

Financial Management – They control the purse strings of an organization and keep a close watch on any outgoing expenditure, any incoming revenue and plan company’s budgets in advance.

Insolvency accountants- They pay a critical role when going gets tough. At times acting as administrators they try to save the failing business. At times they also have to perform the role of a liquidator by clearing any debts before dissolving the company.

Consultant – Consultants apply their in-depth knowledge of tax laws, finance to the betterment of a business. Many accountants and accountancy firms give consultation over various business matters. They might review the viability of company expansion, or the acquisition of another company.

Accounting technician –They check for clients’ receipts and other documentation for any queries. However, in smaller and medium-sized companies, they are employed for running accounts department, where they end up playing managerial role.

What are the entry points?
One can get training in one of the main accountant's practices and then choose to study for either the Association of Chartered Accountants (ACA) or Association of Chartered Certified Accountants' qualifications (ACCA). You can also get hold of a job in the industry, which will help you get some experience, and simultaneously roll-in for the Chartered Institute of Management Accountants (CIMA) or Chartered Institute of Public Finance & Accountancy (CIPFA) qualification. If you’re lucky the employer might pay for your fees.