Accountants work in all industries, in a wide variety of roles, and with career paths that can go in all kinds of directions.
If you’re considering working in accountancy, you’re probably wondering what jobs accountants can do. We’ll take a look at possible roles based on what qualifications and experience you already have.
You can also find out about the most exciting accounting jobs here.
The AAT qualification provides you with intermediate level accounting skills and knowledge, from double entry bookkeeping to managing budgets.
When you first become qualified, you will need to gain experience in junior roles, such as Accounts Assistant. Find out more about what to do after AAT.
Once you have gained some experience within an accounting role, these are some of the roles you might be suitable for.
Credit Controller: As a credit controller, you will be responsible for tasks such as chasing and recording payments, resolving queries, and initiating legal proceedings when payments are not made within the set terms. You may also be making decisions about credit limits.
Financial Analyst: Financial Analysts focus on the production and analysis of financial information. The role could include a range of tasks, including preparation of budgets and forecasts, performance analysis, and scenario testing.
The ACCA qualification provides you with an in-depth understanding of both the practical and regulatory aspects of accounting. To achieve the full qualification, you must complete three years of relevant experience, preparing you for a more senior role. With ACCA under your belt, you could consider roles such as the following:
Tax Manager: As a Tax Manager, you will be responsible for all aspects of tax, including corporate tax, VAT, and PAYE. Tasks will include preparing and reviewing tax returns, preparing tax charges, submitting PAYE Settlement Agreement returns, and providing tax consultation to clients or stakeholders.
Audit Accountant: The aim of this role is to ensure that operations comply with financial regulations. This will involve identifying and mitigating risks of non-compliance, testing and obtaining relevant information, and reporting on the extent of compliance.
You will work closely with clients (in an agency setting) or management (in an in-house setting) to agree audit programs, and to make recommendations.
CIMA is the ideal qualification for aspiring management accountants. With the units and compulsory experience completed, you could join a business in almost any industry, liaising with management to reduce costs and increase revenue.
You will be identifying and addressing financial risks, and working on strategies to save money and maximise income. Your role will involve making predictions about the company’s financial future, and recommending courses of action to other parts of the business.
Find out more about what to do after CIMA.
Going it alone
Whether you’re just starting out, or you’re a veteran accountant, becoming self-employed can be an attractive prospect.
You might find that arranging your own projects, organising your own time, and keeping all the profits beats working for someone else.
With some experience, qualifications, and careful planning, you could gain your own clients. If this sounds like your dream career, find out more about becoming a self-employed accountant here.
As you can see, accountants work in a huge range of roles, with diverse responsibilities. If you would like to find out more about beginning the journey towards your ideal career, get in touch below.