7 great reasons to choose a career in accounting

Accounting has a great reputation across the globe due to the interesting career choices that it has to offer and the increasing growth predictions of accounting jobs.

Obtaining a solid academic grounding in accountancy can make you an expert at tracking all monetary issues related to a business, as well as keeping a check on financial matters, making greater choices when it comes to business payments and security.

Why does this matter?

Well, undergoing an undergraduate course in accounting and finance can keep you updated with the advancements in technology that will make you eligible to take up accounting jobs of the future, therefore opening doors to great opportunities and a steady employment journey.

This blog post will show you all the potential factors that make accounting a smart career choice and why the field of finance and accounting holds a large number of promising professions.

What does an Accountant do?

Accountants have supported the international business structure since the beginning of trade. It is a job role that has the potential to give you financial satisfaction for decades, allowing you to explore diverse career prospects for advancement.

According to a prediction cited in the Occupational Outlook Handbook of the Bureau of Labor Statistics (BLS), the employment of accountants is projected to jump 7% from 2020 to 2030, with around 135,000 job openings for accountants listed each year.

As an accountant student here in Singapore, you'll get the opportunity to study the art of managing money and undergo practical training on crucial business operations such as financial reporting and organizational management.

The applications of macro and microeconomics, tax laws and business management, supervisory skills, banking and finance, spreadsheet analysis and corporate finance planning, which is taught as part of the undergraduate accounting and finance programme, can come in handy when taking up a specialized position as that of a certified public accountant, corporate financial officer, controller, budget analyst or an auditor.

Here are 7 awesome reasons to pursue an accounting career:

The growing demand for accountants significantly increases your chances of landing a job in a large corporation as soon as you've earned your undergraduate degree.

Following are some of the primary opportunities for advancement open to you if you choose to study a Bachelor of Arts (Honours) degree in accounting and finance in Singapore. 

1. Always a demanding career

The career path of an accountant is highly demanding, as every form of business requires accountants to manage their budgets, complete audits, or execute financial reporting.

2. You can work in a wide range of industries

Having an undergraduate accounting and finance qualification can make it easier for you to move into other industrial sectors, giving you the option to transfer into a different profession, for example, forensic accounting, payroll clerk, bookkeeping, or tax accountant.

3. Gain a better understanding of finances

A well-structured accounting degree curriculum will include modules on finance and related subjects that can help you acquire industry-relevant skills needed to protect the business from monetary challenges.

4. Competitive payroll

Graduating with an accounting degree from Singapore will help you qualify for advanced roles and make your candidature stand out, based on the additional training and certification, which is synonymous with greater pay, around SGD 4,080 per month. 

5. Ability to start your own business

Gaining substantial experience as an accounting professional will allow you to deal with several business contracts throughout your career, giving you overall clarity of how to manage and run a business on its own, or even start a brand from scratch. 

6. You can take up challenging roles

The accounting job profile is an adaptable profession, the skills of which can be leveraged in almost every kind of business, giving you the confidence to work in a variety of roles and industries where you can lead large, in-house accounting teams.

7. Opportunities for growth

Opting for an accounting degree in Singapore can prepare you for a role as an executive, and benefit from a background of accounting knowledge and a diverse network to navigate your way up to C-suite profiles.

Final thoughts

Almost every business organisation is impacted by the work of the accounting team, making it one of the smartest ways to establish job security even during a time of recession.

Moreover, a Bachelor of Arts (Honours) Accounting and Finance degree offered at the London School of Business and Finance in Singapore (LSBF) can help you prepare for professional accounting exams like ACCA or CIMA.

Apply for the course today if you want to make a great living in one of the world’s most stable professions.

FAQs

1. What are the four types of accountants?

The business sector categorises accountants into public accountants, government accountants, management accountants, and internal auditors, based on the skills and techniques that they can offer to individual businesses.

2. How long does it take to become an accountant?

Accounting degrees in Singapore are dedicated to student success, delivering the comprehensive structure of an accounting programme within an 8 to 12-month curriculum.

3. Where can I study accounting and finance?

Singapore is the best place to study an accounting programme as it offers the flexibility to set your schedule according to your personal responsibilities and has a strong academic advisory committee to help you out with your application.

4. Do you need a degree to be an accountant?

Completing an accounting degree is crucial if you want to get your foot in the door of an accounting department and undergo real-time training on relevant soft and technical skills.