As an accountant, you will be responsible for maintaining accurate and up to date records of your company’s finances and transactions and keeping track of other crucial information regarding the company’s finance.
An accountant is responsible for gathering, checking, updating and keeping records of the financial data of the company. An accountant deals with areas such as accounts payable and accounts receivable, payroll, inventory and cost of goods and cash management. Accountants may use computerised accounting systems for preparation of accounts, basic bookkeeping and processing of invoices, receipts, and payments.
Students who have taken any stream at the Plus Two level are eligible for higher studies in accounting but taking commerce stream would be recommended as it would help build a basic foundation in the subject.
The common course offered at the UG level in this area is BCom. This is a 3 year UG Program.
After completing the UG degree in commerce , you can either go for an MCom or the various certificate courses offered in the area of accounting. The duration of MCom programs is usually two years.
Certificate Course on Forensic Accounting and Fraud Detection are offered by the ICAI. Minimum eligibility to register for this course is a 3 year Bachelors in any subject or a CA/CS/CMA/CPA.
Passing the CPA exam conducted by the American Institute of Certified Public Accountants (AICPA) gives you a global recognition as a professional accountant. MCom/MBA or BCom with CA/CS/CMA are the minimum eligibility requirement for appearing in these exams.
Requirements for admission into a PG course in one of the top institutions to help you get an overall picture
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An accountant should be able to think critically and analyse the numbers and figures that they handle as part of their work. Accountants should read, compare and interpret figures and data and help their firm to formulate financial decisions.
An accountant should not only analyse the data, but should be able to convey their inferences to their clients and the firm. They will have to present complex problems in a very simple way that a layman can understand. They also have to give presentations to different crowds. So they should have sound oral and written skills.
An accountant should be detail oriented. They should have a keen attention to detail. Even a small error in analysing or interpreting can lead to huge mistakes.
An accountant should have sound knowledge in using computers and various software. Almost all companies and firms use different software for accounting processes.
An accountant should have good organisational skills. They should be able to manage documents of many clients and keep their documents in good order.
Accountants should have good numerical skills. They should be able to easily deal with numbers and must understand and apply different statistical techniques.