The primary task of accountants is to maintain and examine financial records. They might work for a government organisation, an MNC, or a local firm. Today, the evolution of technology has affected the accounting profession and generated new job avenues. Read along for a list of the most popular accounting job titles.
1. Bookkeeping clerk
This job profile prepares and maintains the company’s financial records. They also provide administrative support to the company. An associate’s degree in business or accounting is suitable for the job role.
2. Accountant
An accounting practitioner prepares, analyses, and maintains financial records. Accountants prepare asset, liabilities, and capital account entries. Certified chartered accountants or M.Com graduates are well suited for this position.
3. Financial analyst
A financial analyst evaluates businesses and processes to evaluate their financial feasibility. An MBA degree can make you a desirable candidate for the position.
4. Business analyst
The business analyst evaluates the company’s business domain. They maintain a record of its businesses, processes, and services. The analysts also check the business model employed. Business analysts need to complete specific certifications and courses to be eligible for the role.
5. Certified Public Accountant (CPA)
They oversee financial reports, budgets, bookkeeping, tax returns, and government audit reports. Aspiring CPAs need to complete relevant CPA courses to gain the necessary qualifications.
6. Controller
He handles high-level accounting, reporting directly to the Chief Financial Officer (CFO). Job roles include preparing budgets, financial reports, and tax filing.
7. Accounting consultant
They maintain and check records of accounting transactions. The job role also involves financial forecasting and reviewing the bookkeeper’s tasks. Accounting consultants also need a CPA certification to match the job requirements.
8. Chief Financial Officer (CFO)
The CFO handles administrative, financial, and risk management activities. CFOs generally have 10+ years of experience backed by a master’s degree in finance, business, or accounting.
9. Strategic planner
The strategic planner frames the business strategy by evaluating the company’s profile. An ideal candidate would be a MSc/ MA/ MBA degree holder.
Practising CAs may go for a loan for chartered accountants. This loan type considers their professional qualifications and experience to offer them customised loans at a better deal with quicker approvals and disbursals. Bajaj Finance offers loans for chartered accountants. These loans can help fulfil any financial obligations – personal or practice-related.
As a practising CA, you may change titles by undertaking courses like SAP, CFO, MBA, or business analytics to add value to your credentials. However, the courses come with hefty price tags. SAP FICO classroom training costs more than a lakh. An MBA course from a reputed institute can cost anywhere between Rs. 8-19 lakh and above. The cost of business analytics courses from IIMs may range anywhere between Rs. 3-16 lakh. However, with a loan for chartered accountants, you can quickly meet such costs and upskill yourself.
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