This article will be useful for anyone who's interested in learning more about the accounting field. It is also useful for students who are exploring their career options to have a general idea about the field of accounting.
As an Accountant, you will mostly be working with numbers in your computer at your office. An Accountant has an attention to detail, has good organizational and problem-solving skills.
An Accountant help businesses to keep track of their finances. An Accountant will be analyzing data, preparing financial statements of a company's daily transactions, classifying financial data, and keeping track of payments and income.
Each Accountant's typical day can vary depending on their role as part of the firm, the type of firm they work at and their clients need. Accountants keep track of payments, the income, expenses, financial reports, and gather all information to create an updated version of all financial reports. They stay up to date and organize all the financial statement reports.
In Quebec, an accountant clerk start at entry level jobs and accountants are mainly employed at mid level jobs. They can work at small firms, at government agencies or a non-profit organization. Some work for the big firms which offers a bigger salary but can come with a huge workload. Later on, some accountants open their own accounting firm and become self-employed. Accountants can also work in other fields related to accounting such as banking or finance. Someone with a CPA certificate works in higher level of jobs.
In Quebec, there are many degree levels in accounting. You can start in the accounting field by doing a 3-year technical program in college or a professional certificate to start as an accountant clerk. To become an accountant, you need a bachelor's degree in accounting, finance or a related field in a recognized university. The highest earning position is called CPA which is Certified Public Accountant for which you need a master's degree in accounting in a recognized university. There are other fields of accounting that you can specialize in such as tax specialist or an auditor.
An Accountant's salary can vary from each country and from each province in Canada. It also varies from each firm or organization. It depends how much experience you have in the field and your role. The annual salary median for an Accountant can vary between 35,000 dollars to 70,000 dollars.
When an Accountant is employed at a new job, they get a training for the job position. Also, the accounting software used differs from each firm, so they have to get a training for that. In addition, if there's an update to the software, they have to get additional training.
In accounting, the con that stands out the most is the stress. In the workplace, during different times of the year, the workload can get heavy and the deadlines can be stressful such as tax seasons where Accountants have to be up to date with their clients tax reports to file their tax returns. Another situation that can be quite stressful to most Accountants is to pass the exam for the CPA certificate. It is a very hard test. There is very few percentage of people that can pass that exam.
It is very unlikely that Accountants will be replaced by robots anytime soon. The chances are very low because accounting requires interpretation and analysis of a company's data and financial reports to make judgments and take good strategy decisions for a company's financial success. Accounting is a very high quality detailed work with standards and procedures that can't take any kind of risk for possible mistakes. It also requires human to maintain a relationship and trust with your clients.
In Quebec, most Accountants retire at the age of 62 years old which is similar to the national average.
Finally, accounting is the key of any business. This field of career is versatile and opens a lot of doors in the business world despite how hard it can be. There are a lot of opportunities in accounting.
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