The primary task of accountants is to record and examine financial records. They might work for a government organisation, an MNC or a local firm. 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
They prepare and maintain the company’s financial records and provide financial and administrative support to the company. An associate’s degree in business or accounting is suitable for the job role.
2. Accountant
An accounting practitioner is responsible for preparing, analyse and maintaining financial records. Job role includes preparing asset, liabilities and capital account entries. Certified chartered accountants or M. Com graduates are well suited for this position.
3. Financial analyst
Analyse businesses and processes to evaluate their financial feasibility. An MBA degree can make you a desirable candidate for the position.
4. Business analyst
They analyse the company’s business domain. And records its businesses, processes and services 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 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 bookkeeper’s tasks. Accounting Consultants also need a CPA certification to match the job requirements.
8. Chief financial officer (CFO)
He handles administrative, financial and risk management activities. CFOs have 10+ years of experience backed by a master’s degree in finance, business or accounting.
9. Strategic planner
He frames the business strategy by evaluating the company’s profile. An ideal candidate would be a MSc/ MA/ MBA degree holder.
Practising CAs can take a loan for chartered accountants, which considers their professional qualifications and experience to offer them customised loans at a better deal and quicker approvals and disbursals. With a Bajaj Finserv Loans for Chartered Accountants, they can choose from a suite of four loans, viz., personal loans, business loans, home loans and loans against property and fulfil any financial obligations - personal or practice-related.
As a practising CA, you can change their 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 around Rs. 4 lakh. An MBA course from a reputed institute can cost anywhere between Rs. 8-19 lakh and above. Business analytics courses from IIMs can cost 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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