Accountancy Salaries and Training

A career in accountancy can easily be achieved with the right amount of hard work, and effort and can be accessed through varied methods from taking up a degree through a University or joining a business as an apprentice, learning the skills required while being paid. Most University based accounting degrees take the standard three years to complete and provide the relevant qualifications to take the first step towards becoming a working accountant. In terms of learning accountancy as an apprentice, the process may take longer but more experience can be gained through on the job training and exposure to the natural working environment of an accountant. The skills learnt as an apprentice can become more useful than those learnt through study in University.

In terms of salary, it can be considered common knowledge that an accountant’s pay can be quite substantial and therefore the appeal of a solid starting salary can draw a lot of people in towards a career in accounting. However, as mentioned, experience goes a long way in any career and experience in accounting can open new opportunities for an individual as well as a higher amount of payment. This is not to say that those who do not gain huge amounts of experience will not succeed in the career and make little money because this is far from the case, but it is true that those with more experience can go further and therefore gain the opportunities to make more money.

Qualifications in accounting vary from a chartered certified accountant (an accountant who is a member of the association of chartered certified accountants, ACCA or FCCA), a chartered accountant (a member of the institute of charted accountants in England and Wales, ICAEW, a member of the institute of accountants Scotland, ICAS or a member of the institute of chartered accountants Ireland, ICAI), a chartered management accountant (a member of the chartered institute of management accountants, ACMA or FCMA), a chartered public finance accountant (a member of the chartered institute of public finance and accountancy, CPFA), an international accountant, (a member of the association of international accountants, AIAA or FAIA), an incorporated financial accountant (a member of the institute of financial accountants, AFA or FFA) and a certified public accountant (association of certified public accountants, AICPA or FCPA).

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