Accountants can be essential to both individuals and companies. As a result, this is a career path that can be extremely rewarding and stable for those that wish to pursue it. When looking at this particular option, it is essential to make sure that some myths about accounting careers are dispelled.
Myth: There Are No Professional Requirements To Become An Accountant
Accounting is an extremely complicated field, and mistakes can prove to be costly as a result of the fines that may be levied. Not surprisingly, there can be strict professional and educational requirements to become an accountant. In particular, it is usually required at a minimum to have a bachelors' degree in accounting and to have passed a licensing examination. Furthermore, continuing education classes at an accounting school are usually a requirement, and while these may be inconvenient to attend, they are necessary for providing training for the various changes to accounting practices that occur over time.
Myth: Only Large Accounting Franchises Hire New Accountants
Some individuals may be leery about pursuing a career in accounting as a result of being concerned about having to work for a large national accounting chain. However, there are many employment options for those that are new to accounting. In addition to working at a small firm that specializes in accounting, individuals may also work in the accounting department for both small and medium businesses. In fact, this can be an excellent option for those that are wanting to get enough experience to start their own accounting practice.
Myth: Accountants Only Work During Tax Season
The tax season can be the busiest time of the year for tax professionals and accountants. However, accounting is a year-round need. Contractors and companies will need to file their taxes on a quarterly basis. Income and expenses reports will need to be regularly prepared along with the need to perform independent audits for clients.
Myth: Accountants And Financial Advisors Fulfill The Same Role
Some individuals that are looking to enter accounting may assume that this will automatically qualify them to serve as a full-fledged financial advisor to their clients. However, there are separate regulations and requirements for individuals that offer investment advice. While accounting can be an excellent background for pursuing the role of a financial advisor, there will be additional training that is needed. In addition to the personal experience accounting can provide, many of the credits and work experience may be applied towards becoming a certified financial advisor.
Share27 September 2018
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