Accounting is a vital profession that can provide a stable and lucrative career. Whether you are looking to launch your accounting career from scratch or switch to the field of another job, it can be daunting to try and figure out where to begin. With the proper guidance, anyone can learn how to get started in accounting. Read on for tips and strategies for creating a successful career in accounting.
Research Educational Requirements and Certifications
The first step in accounting is researching the educational requirements and certifications needed for success. Depending on your goals, you may need an associate’s or bachelor’s degree in accounting or related fields such as finance or business administration. Look into local colleges and universities offering accredited programs that meet your needs. Many schools offer online programs which allow you to study at your own pace while working full-time.
Consider taking advantage of continuing education opportunities available through professional organizations like the American Institute of Certified Public Accountants (AICPA) and state CPA societies, if applicable. To become a Certified Public Accountant (CPA), most states require candidates to pass the Uniform CPA Exam administered by the AICPA, meet specific educational requirements and have relevant experience. You should research what is required for CPA licensure in your state so that you can plan accordingly.
Gain Experience
In addition to completing educational requirements, gaining experience is essential to get started in accounting and launching your career successfully. Take internships while studying; they provide real-world experience under the supervision of more experienced professionals, which can help jumpstart your career after graduation.
For those already working professionals interested in transitioning into accounting, look for entry-level positions such as bookkeeper or accounts payable clerk at companies or firms where you can gain hands-on experience until you reach higher levels of responsibility within the field. You should also consider joining industry organizations such as The National Society Of Accountants (NSA) to network with other professionals and build relationships with potential employers or colleagues who could help advance your career.
Learn About Different Areas Of Accounting
In addition to gaining experience, it’s essential to familiarize yourself with different areas of accounting so that you know what job would suit you best when applying for positions after graduation or transitioning careers down the line. Some common areas include public accounting—which involves auditing financial statements—taxation, financial planning & analysis (FP&A), corporate finance, government/nonprofit/academic sectors, information systems auditing & consulting, forensic accounting & fraud examination, financial management & investments and many more depending on what sector interests you most. Researching these areas will help inform which direction best suits your skillset and interests when looking for jobs after school or further down the line during your career transition process.
The Benefits Of A Career In Accounting
Accounting offers many benefits for those considering it as a career path. The job market is strong, with the bureau of labor statistics predicting an 11% growth rate in the accounting field between 2019 and 2029, much faster than average for all other occupations. It also pays well; according to Payscale, accountants earn an average of $59,000 annually, with some earning up to $101,000. This is an excellent opportunity for professionals looking for a stable career with significant compensation and job security.
Accountants also have the satisfaction of making significant contributions to society by helping organizations achieve their financial goals and providing essential services such as tax preparation and auditing. With the proper education and experience, those interested in a career in accounting can enjoy a challenging yet rewarding profession.
Is There A Good Time to Get Started in Accounting?
Now is a great time to enter the accounting field. With so many opportunities and resources available, accountants have the potential to build a successful career in this versatile industry with excellent job security and above-average pay. Additionally, technological advancements and the automation of financial processes are increasing the demand for qualified professionals within the sector. Those interested in pursuing a career in accounting should research what is required for CPA licensure in their state and plan accordingly to gain as much experience and knowledge as possible. With the right combination of education, experience, and resources, anyone can launch a successful career in accounting.
Conclusion
Getting started in accounting can be manageable if you take it one step at a time! Start by researching the educational requirements and certifications needed to earn either an associate’s degree or bachelor’s degree in accounting or related fields like finance or business administration at an accredited institution near you. Gaining experience through internships while studying or entry-level positions is essential, too; look for opportunities where you can gain hands-on experience until reaching higher levels of responsibility within this field. Lastly, familiarize yourself with different areas of accounting so that when applying for positions after graduation or transitioning careers later down the line, you know which direction best suits your skillset and interests. With these tips, starting a successful career in accounting is achievable and you can get started in accounting!
