You should focus on Math in high school. Try to maintain a list of colleges that provide you with the best degree in accounting and send them an application. Analyze which accounting field best emphasizes your area of interest. The most preferred fields in the area of accounting are public accounting, government accounting, management accounting, and internal auditing. These are the major fields; within them are so many sub-fields.
There are lots of opportunities available within accounting depending on your area of interest. Practice with accounting software as this will make you well versed with that particular area. Accounting firms oftentimes give students a good opportunity to work as a part time job. This gives an added advantage to the students pursuing accountancy course.
The knowledge required for an Accounts Manager job is to be well versed with the standard and GAAP principles. Understand the accounting principles and assumptions. Learn more about the accounting cycle and debit and credit accounting equations. Understand how entries are adjusted and passing journal entries. Learn the difference between the single entry and double entry accounting system, as well as cash versus accrual basis accounting. Analyze income statements and balance sheets. Also learn to analyze the financial ratios for a company, which helps in making investment decisions.
A minimum experience of 2 years is required to be an accounts manager, as this job involves lots of experience and responsibility. For senior level positions, you must have a college degree and relevant significant work experience. Career opportunities for an accountant are broad. You can be a private accountant, cost accountant, junior internal audit or even a government accountant. Work as a private accountant for an enterprise where the structure of the accountancy department is essential. Conduct audits for various organizations to ensure that the organization complies with standard accounting laws. It has a huge potential for earning.
The most preferred accounting jobs are in the areas of Business Account Manager, Business Development Account Manager, and auditing as accounts director job, account manager job, and accounts coordinator. The salary varies depending on the nature of work and the relevant industry. But the trend has been that the average salary is around $30,000 for new undergraduates and it increases with the years of experience.
