One of the most popular career choices is to become a chartered accountant. There are several ways to qualify and a variety of job opportunities available. As a chartered accountant, you are able to work in a number of areas including corporate finance, insolvency, tax and audit. You may also be able to pursue a career in private equity or financial consulting.
Chartered Accountants can provide businesses with advice on how to increase profits, reduce taxes and make sure they are paying the least amount possible. If you are interested in a career in accounting, you can choose from a wide range of firms in Birmingham.
The first step to becoming a chartered accountant is to take an accredited qualification. There are many universities in the UK that offer programs for this purpose. These qualifications are supported by the Institute of Chartered Accountants in England and Wales (ICAEW) and are considered as equivalent to a postgraduate degree.
Another option is to study an apprenticeship or training agreement. This Chartered Accountants Birmingham UK allows students to work alongside a degree program in a university while studying for a relevant professional qualification. Companies that offer training agreements are often open to applicants with a variety of degree backgrounds. Students must have a good academic background to apply and are able to demonstrate that they are interested in accounting.
In addition to a relevant degree, a professional accounting certification is also required to practice. There are two types: the Association of Chartered Certified Accountants (ACCA) and the Institute of Chartered Accountants in England & Wales (ICAEW).
ACCA is one of the most popular routes into a career in chartered accountancy. It develops important skills and knowledge for accountants and is a valuable professional qualification. A graduate will have a comprehensive understanding of accountancy, including ethics, business acumen and strategic management.
The ICAEW is the professional body that monitors Chartered Accountants in Birmingham. They provide an official practising certificate to qualified accountants who engage in public practice.
During the course of the ACA qualification, candidates must pass a series of exams. In addition, they must acquire 450 days of practical experience. Many accountancy firms prefer to hire candidates with a strong record of work experience.
Besides an accredited qualification, the UK is a world-financial center. Therefore, the starting salary for an accountant can vary greatly depending on the location. Larger employers tend to pay higher salaries than smaller firms. Some salary packages include health insurance, bonuses, vehicle allowances and profit sharing plans.
Chartered Accountants in Birmingham are also capable of helping individuals with complex financial situations. For instance, an individual with limited financial knowledge or someone who is experiencing bankruptcy can benefit from an accountant’s help.
The ACCA is a globally recognized professional accountancy qualification. Having this qualification will help you to advance your career as an accountant and you can even pursue certifications and a masters degree.
Whether you are an experienced or beginner accountant, you can find the perfect position with a firm that offers a wide range of services. BCD Accountants Limited is a Birmingham-based firm that specialises in tax and bookkeeping services.