This article is for the people that are interested in understanding the job of an accountant. The different task, where do they work, what are the study field related to this job, the salary, the inconvenience of the job, the retirement age and other interesting subjects are all topics addressed in this article. There are a lot of misconceptions about accountants, this summary is here to help you learn more valid information about this job.
It's a job that involves a lot of work with numbers, and you often need to evaluate other people’s work which includes delivering bad news.
An accountant keeps records of payments and financial positions. It can also do transfers of capital or income for individual or institutional clients. They can also examine the tax implications of the actions mention above.
An average accountant spends around 35 percent of their time on desk work that includes document review and accounting procedures. The rest of the time is used to make phone calls and travelling to different places. Also, meetings with clients, executives and other accountants are very common. There is also other types of accountants such as a tax accountant. These accountants are responsible for tracking clients income, making any quarterly payments due to federal or state agencies, managing the crush of activity anticipated and submitting all required paperwork to the federal and state governments on April 15.
An accountant usually works in a firm at an office desk, but it also requires some traveling for different types of purposes.
If you want to become an accountant you need to have a bachelor’s degree in accounting, finance, or a related discipline
In Canada, entry-level workers can start at $48,113 per year and more experienced workers can make around $79,462 per year.
Being experienced with computer work can represent strong suit when employers look at your profile. Earning a master's degree in business, accounting, or finance can also be an asset. Finally, the state-licensed Certified Public Accountant (CPA) exam is a certification accountants are required to pass in a lot of cases.
There is a small percentage of people that are not satisfied with the unpredictable work schedules. The public opinion on the industry is also very harsh and critical.
There is a 95% chance that accountants will be replaced by robots soon according to a study carried out by Oxford University and Deloitte.
In most cases accountants retire in between the age of 62-70. The most common age to retire though is 65.
In conclusion, I'm in my last year of cegep in Business management at Ahuntsic College. Next fall, I'm going to HEC Montreal to get my Bachelor of Business Administration. I'm excited to see if the job of an accountant is the right fit for me.
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