Build your Winning Resume by Understanding Accounting Career
Updated: Nov 20, 2020
If you are planning to work in accounting, first of all, you need to know career in accounting before searching or even sending your resume.
In this article, we are glad to share to you what accounting career is, the options you have and accountant resume tips that you must find them helpful in your accounting job search.
Accounting requires a lot of skills when it comes to business and that is why every company has an employee that is an accounting graduate. If you are an accounting graduate, you can apply in any kind of firm. Areas may include tax, audit, financial analysis and management accounting.
Accounting is the study of how businesses track their income and assets over time. Accountants do much more than the generic presumptions; they compute costs and efficiency gains from new technologies, participating in strategies for mergers and acquisitions, quality management, developing and using information systems to track financial performance, tax strategy, and health care benefits management.
The career is a highly momentous and versatile. The field is usually divided into three broad areas: auditing, financial/tax and management accounting.
Work in audit involves checking accounting ledgers and financial statements within corporations and government.
2. Financial / Tax
Financial: Financial accountants prepare financial statements based on general ledgers and participate in important financial decisions involving mergers and acquisitions, benefits/ERISA planning and long-term financial projections.
Tax: Tax accountants prepare corporate and personal income tax statements and develop tax strategies involving issues such as financial choice, how to best treat a merger or acquisition, deferral of taxes, when to expense items and the like.
3. Management accounting
Management Accounting: Management accountants work in companies and participate in decisions about capital budgeting and line of business analysis.
Budget Analysis: Budget analysts are responsible for developing and managing an organization’s financial plan.
Various Levels of Job Skill Required
Various levels of job skill are apportioned dissimilarly amongst the divisions which implies that depending on your position their will be specific demands on your adeptness, while average speaking skills are requisites for all areas; the ability to synthesize varies from throughout each.
Audit and professional accounting requires a high level of knowledge but medium level of job skill, tax and financial accountant demands a low level of job skill, and management accounting a high level of proficiency.
Entry level accountants can expect a very team oriented environment. Often they will start as a junior member of a team responsible for auditing an important account or preparing financial statements. It is imperative that junior members learn to pull their weight, and function as a capable, effective, and useful member of the unit. Anyone interested in the field can prepare for a bright career.
Job Opportunity Meets Your Skills
It is best that you apply for a job that matches your interests and expertise. There are careers that have been proven by most accounting graduates to bring them to the top of the success ladder and you may want to consider entering these fields.
If you are excel in public accounting, the entry-level positions that best fit this skill are Tax Staff, Consulting/ Management Services and Staff Auditor. With these positions you will do your duties reporting to a senior. Once you have acquired three to six years of experience in any of these positions, you may then want to consider applying for the higher levels like Tax Senior, Senior Auditor, and Consulting Senior where the position entails reporting directly to a Manager. After six years of excelling with these potions, then you may consider the positions Partner level and Senior Partner.
Having an edge with corporate accounting, one to three years of experience will qualify you to become a staff member in Internal Audit, Tax Accounting, Management, and Financial Accounting. Moving up the higher lever after three to six years, you will be eligible for the Senior Level for Internal Audit, Tax Accounting and Management Accounting. Six years thereafter, you may want to consider aiming for the positions like the Tax Manager, Internal Audit Manager and Financial Accounting Manager.
Expertise in Financial Management, Staff for Financial Planning, Cash Management, and Credit Analysis are options for entry-level positions. Once you have gained the enough experience, you may aim for the Treasury Operations, Credit Analysis and Senior Financial Planning. Higher positions will include Treasurer, Manager for Credit Analysis and Financial Planning.
These career options are traditional paths that were found to fit best for accounting graduates. However, it does not mean that they are the only way to climb up the success ladder. You should go beyond not just limit your skills to accounting. It is still recommended that you gain enough work experience, acquire knowledge in different aspects of education, and continue to improve your character to be a step ahead with other job seekers.
After understanding each career options, you should focus on the one that you are interested and meeting the skills required. Now, it’s time to turn on your computer and write your resume.
An accountant resume must highlight important information about your accounting experience, skills and education. The following gives you some ideas of the sort of information that an employer is looking for.
Basically a resume should contain your full name, permanent address, telephone numbers and email addresses. Apart from that an accountant resume should include the following information:
A clear cut career and job objective which shows your sense of direction to the employer.
Your resume should have the names of each of your employers and your corresponding job titles.
Give a brief description about the employer like what they are doing, if they are not well known.
Include your career goals and express your interest in a specific job that you are applying for.
Mention a minimum of two and preferably not more than ten points, each describing an accomplishment in terms of results as an accountant.
Mention all your accounting related skills which make your resume outstanding.
In reverse chronological order include required information that includes your degree(s) and major, date of graduation, universities you attended, location of universities and any certifications of licenses related to your degree.
Emphasize your accounting related accomplishments and contributions.
Optimize your sentences for effectiveness and use management oriented words in your resume.
Use as many accounts related key words, skill headings and use of action verbs. For example Management of A/R Accounts, Billing and Collections, Supervision of Accounting and Administrative Staff, Balance Sheet and Management Status Reports etc.
Mention how you have reduced costs and saved money in your department or the organization in general by any means.
Mention how you improved the efficiency and productivity within your department.
Highlight any other achievements that have benefited your department and obviously your organization in general.
Some accounting graduates would like to start their accounting career in top accounting firms, including KPMG, EY, Deloitte, Price WarterhouseCoopers, Grant Thornton and BDO Global. Most people do not make partner at public accounting firms but the experience and training can be excellent.
From there, many move on to careers with an accounting focus in business or government. Ambitious talented accountants can advance their career with the acquisition of skills and experience along the way and subsequently enjoy a very successful career.
According to the U.S. Bureau of labor statistics, there have been considerable increases in job openings, reflective of the fields growth and competitiveness. With the right skills and education this growth establishes the possibility for an incredibly profitable career.
Marketing yourself to employer with a winning resume is the first step to land for an interview. Knowing well of which accounting career option which increases your chance to be hired as you can show your strengths in the resume matching the job requirements.
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