Finance and Accounting
IN DEMAND: If you think Accounting is a boring office job…think again! Accountancy has become an exciting career that involves working with the latest accounting software and staying current with rapidly changing business and professional trends.
If your favourite subject at school is Mathematics and you’re really good at it, becoming an Actuary might be a good career choice for you. You have to have a sharp mind and be prepared to work hard, but it will be worth it. Actuaries are extremely well paid.
It is the job of an Auditor to examine accounts in order to see how well organisations control their finances. Auditors are usually qualified accountants who specialise in audit, and they can be external or internal auditors. Employment opportunities for Auditors are excellent. The demand for their skills is huge, so the financial rewards are generally more attractive than in most other careers.
Bank Managers are responsible for making sure that the bank functions as it should on a daily and annual basis. Bank Managers need to know how each aspect of their bank and the banking world functions so that they know what it takes to oversee each department.
A Bookkeeper does basic accounting duties but is NOT a qualified accountant. Sometimes, Bookkeepers work alongside accountants in larger firms. A Bookkeeper, therefore, requires a lot less training than an accountant and has fewer responsibilities.
A Budget Analyst’s main tasks are to prepare and advise on budgets within company or organisation. It’s a difficult to job to distribute the monies effectively and efficiently so that the company can operate at the best level. If these tasks are not executed correctly, the organisation could go bankrupt.
A Chartered Accountant (CA) is a business and financial adviser. They are very well trained and well paid and can work in almost any kind of business and almost anywere in the world. Analyses and evaluates financial information, makes decisions based on this information and plans the implementations of such decisions.
The CFO (Chief Financial Officer) directs the financial activities of an organisation. It is the duty of the CFO to prepare various papers for the financial report of the organisation.
A Credit Controller works in the financial department. Their main job can vary depending on the company but here are some examples of where their focus may lie: Preparing and sending invoices on credit accounts – Assisting clients – Making sure credit invoices are settled – Checking to see if new customers qualify for credit – Checking to see how much credit new clients can get.
A Credit Manager’s main job is to collect the money owed on services rendered or products sold. Some companies employ Credit Managers to track these payments and even take part in face-to-face collection or implement necessary legal action. The Credit Manager works together with the accounting department, banks and credit agencies.
Do you love statistics? Do you like following supply and demand trends? Are you interested in world affairs? If you do, then look no further. Becoming an Economist may be the career path for you. The job of an Economist is to research and study a variety of data and statistics to try and predict trends in our ever-changing world economies.
A Financial Planner is a highly skilled, professional individual who will sit down with their clients, review all options, and together plan a personal financial package that will benefit the client.
A Forensic Accountant has specialised in investigative accounting. They help legal teams when necessary. A Forensic Accountant therefore needs accounting, investigating and legal skills to interpret financial evidence. Forensic Accountants are often called as expert witnesses in a trial.
Management Accountants are concerned mainly with finances and how to turn ideas into money. All organisations make use of management accountants for activities such as retrenchment packages or other labour compensation, control, expense calculation, and other areas where expenditure must be analysed and controlled.
There are 2 kinds of Asset Managers: (1) Physical Assets – these are assets you can physically touch, eg: property, boats, cars, coins etc. These are not easily converted to cash. (2) Non-physical Assets – These have monetary value but you cannot touch, eg: investments, shares, bonds etc.
The fast pace of the stock exchange is an exciting place to spend your working days. If you’re good at mathematics and you’re a risk taker, becoming a Stockbroker might be the career choice you’re looking for.