As someone who wants to be a corporate tax accountant, I found this article very useful. Anyone who is interested in accounting should read this article. First of all, it talks about different types of accountants and the future for those specific accountants. The article generalizes where different types of accountants will be in life after the first couple of years, 5 years and 10 years. It also describes briefly a day in the life of an accountant and who generally becomes an accounting. Lastly, another what is special about this article is the fact that it tells you the story behind accounting. Also, if you want to know about the path to take to become an accounting, this article will talk about the exam that you need to take.
Accountants keep track of payments, financial positions, and transfers of capital or income for individual or institutional clients. Some are responsible for examining the tax implications of those actions. Accountants must be comfortable with numbers, but must also spend a considerable amount of time reviewing other people’s work and, in particular, delivering bad news.
They meet with clients, talk about numbers and analyse the situation and take decisions.
Usually at firms or they have their own firm.
You need to pass a specific exam, the state-licensed Certified Public Accountant.
They make around $65,717 per year according to Indeed. https://ca.indeed.com/career/accountant/salaries/Montr%C3%A9al--QC
As the article mentions, if there're any changes with tax law caused by politics or anything else, accountants will have to be re-educated to understand and know how the new law works.
There's some health danger when it comes to accounting. Accountants are sat at a desk for many hours, and it can sometimes be very stressful. Perhaps, a lot of stress can cause serious health problems.
A personal accountant job can be easily replaced by robots. You only need to put in the numbers in a system and the bot can calculate and do your taxes for you. It's numbers, so it's easy to use a bot for it.
65 years old is the retirement age in Canada, but, if you're doing well-enough you can easily retire whenever you want or whenever you think is good. You will gain a lot of experience, but most importantly connections. You need to create and develop connections to be able to have clients and maybe one day open up your own accounting firm. Passing on opportunities can make you regret it later. You never know what can happen if you pass on opportunity, maybe it was the opportunity of a lifetime, maybe you could've retired earlier if you didn't pass on that opportunity. That's why it's not recommended passing on any open doors on opportunity.
I'm currently in a program called accounting and management technology at Ahuntsic. I want to get in the work industry as soon as possible, most likely in an accounting firm and pursue my education while working. I will apply at Concordia's university for my bachelor and do my master degree to become a corporate tax accountant. What is interesting about working at a firm and going to school is that sometimes the firm pays for your education which is nice.