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Accounting is the basic need of all businesses, industries, governments, organizations, and even individuals to calculate and record their property’s transaction details, taxes, and financial statements.
The scope of an accountant is very high and in demand because every small or large company is looking for professional accountants who manage their company’s financial details. So, if you have good calculation skills or are skilled in counting numbers accurately, you must select accounting as a future career.
Are you choosing an accounting field as a career to become a professional accountant in the future? If yes, then this article is for you. Learn the basics and advanced strategies crucial to becoming an accountant.
Here, we will guide you through the steps essential to becoming an accountant, but before these steps, you need to know the duties and responsibilities of a good accountant

What is An Accountant?

An accountant is a professional who performs all accounting activities. They research, analyze, and audit financial details, keep them on record, and report weekly, monthly, or yearly. 

Only professional accountants perform this complex task because a small calculation mistake can mislead overall accounting. 

There are many different types of accountants. You can understand each one and decide to specialize in which you are interested.

  1. Tax Accountants: They are experienced in providing tax-related accounting services such as tax planning and compliance and developing strategies to minimize taxes and penalties.
  2. Forensic Accountants: They are professional accountants with the complete knowledge and analytical skills to investigate a company’s financial records.
  3. Cost Accountants: They work with small or larger-sized businesses, managing the profit, sales, and expense records and creating monthly or annual reports. They help companies save expenses and increase budgets.
  4. Managerial Accountant: They analyze, interpret, organize, control, and create financial reports to help companies manage all their transactional details, sales, and revenue.
  5. CPA Accountant: Chartered professional accountants are the most demanding accountants in Canada and worldwide because they are experienced in providing a broader range of accounting services.

Responsibilities of an Accountant

To become a good accountant, you need to be aware of the responsibilities or duties of an accountant, which play a valuable role in preparing you for the future.

  • Preparing financial statements
  • Accurate Financial reporting and planning.
  • Analyze transaction details such as sales, profit, and expenses.
  • Tax planning & compliance according to rules and regulations.
  • Ensuring budgeting and forecasting

Steps Required to Become an Accountant

An accountant is a professional with complete knowledge of accounting details. To become an accountant, you require proper education or degrees. If you are interested in accounting, you can do it simply, but it takes time to cover the syllabus and complete the accounting courses necessary for certification.

Follow these steps to become a chartered professional accountant in the future.

1- Earn a Bachelor’s Degree

Earning a bachelor’s degree is the primary step when considering becoming an accountant. You must be admitted to a college to obtain a four-year bachelor of science degree in accounting. 

These four-year bachelor’s degrees will educate you on accounting fundamentals and cover many topics, such as accounting principles, rules and laws, ethical issues, budgeting, auditing, tax compliance, etc.

2- Look for internships

Internships are another important step to gaining experience and practicing accounting. Students must learn under the supervision of professional accountants and understand the rules and laws practically. 

Practice makes you perfect, and experience is necessary to become a more reliable accountant. Keep an eye on internships to build the best analytical and communication skills and experience. These skills and more than two years of experience are important to getting the CPA certification. 

3- Consider the latest technologies in Accounting

You must have Computer skills to incorporate the latest technologies in accounting. You must also be proficient in using the software and advanced accounting tools. 

4- Certifications

Chartered Professional Accountant or CPA certification is the sought-after certification degree in accounting. With a CPA certificate, you can easily get a job in a top-notch accounting firm with a great salary package.

Besides CPA, Certified Management Accountant (CMA) and Certified General Accountant (CGA) certifications are also in demand and can stand you in the accounting field.

Accountant Calgary is the leading bookkeeping & accounting company in Calgary, Alberta. We offer accounting services, including bookkeeping, financial analysis, budgeting and forecasting, and detailed financial reporting.

 
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