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Accountancy and Finance
Accounting involves the analysis of financial transactions of a business and the preparation of accounts. The role can involve dealing with VAT, advising on tax implications, salaries, National Insurance contributions, liquidations and trusts. An accountant will also be responsible for submitting a set of accounts to the Inland Revenue (UK) based on the yearly transactions of the company to be certified by an independent accountant.
Route to Qualification
The traditional route is to obtain GCSE’s, A levels and then complete a degree in Accountancy.
If you have a minimum of two A levels or equivalent you as an Associate Charted Accountant after spending four years training through the Association of Accounting Technicians (AAT).
Accountants must be a member of one of the professional bodies
Accountants can work for an accountancy firm, In-house for a private company or be self employed.
The average salary for a newly qualified is £18,000 to £25,000 however earning potential is unlimited in this profession depending on the types of companies that you account for and earnings increase gradually as years post qualification increase.