In this day and age, learning to be an accountant is not just limited to making a career out of it. For some entrepreneurs, it has become crucial to managing their finances themselves to ensure the safety and sustainability of their business and avoid fraud. These documents are way too serious to be taken casually. Therefore, if you want to hire an accountant then you should be very vigilant, whereas if you want to become an accountant yourself, you can follow the steps below:
1) Hit the Institutes
Although accounting requires some specific skills, it is a number’s game. Therefore, if you have a knack for learning mathematics and you pay attention to detail, then accounting can become your forte. Becoming an accountant has a minimum requirement of a post-secondary education degree. The rest is up to you. You get to decide whether you just want to become a mid-level accountant or you want to master your craft and become an expert. Based on that, you will have to choose a degree.
Although an accountant certificate is adequate to get you started, a BA and Masters is going to open more doors for you. It does sound a bit too much, but after you discover accounting rewards, you will be convinced to go through it all.
2) Figure Out the Kind of Accountant You Would Like To Be
While the scope of accounting is broad, generally there are four categories you can choose from which are given below:
- Public accounting: The most extensive field of accounting is public accounting which comprises bookkeepers, auditors, tax advisors, and forensic accountants, who are responsible for digging up fraudulent activities and investigate the theft.
- Management accountants: Management accountants, like the name suggests, manages the finances of a company and help them plan their expenditure.
- Government accountants: Similar to public accountants, government accountants work for the government or establishments that are subject to government regulations. In cases where they need to investigate fraud or embezzlement, they become financial watchdogs for companies.
- Internal auditors: Companies hire internal auditors to run an analysis on the standing of the company. Internal auditors suggest the management on ways to run the company more efficiently and to use resources more effectively.
3) CPA or CMA?
Once you have acquired a degree in accounting, you need to get certified, so figure out whether you want to become a CPA or a CMA. Generally, CPA’s are public accounts such as bookkeepers, tax advisors etc. whereas CMA’s are government accounts or they deal with the management of a company.
Getting certified will not only reflect that you have passed difficult exams to reach where you are, but you will have a lot more credibility which would be beneficial for you.
4) Make Computer Your Friend
In this day and age, familiarizing yourself with accounting software programs is the need of the hour. Not only will you be able to carry out all of your operations at a rapid pace, but you will also significantly expedite your revenue stream.