VFRESHERS

As we all know, every organisation is concerned with finance and accounting matters and therefore finance and accounting is one of the basic and the oldest careers in any industry. But, eventually it has changed a lot in these recent years with the invention of many software tools and programs.

Accountants and Financial Professionals are required to use their technical and analytical skills to perform the following activities in an organisation to drive the company towards profit. Some of them could be listed as below:

• Accounting and auditing
• Investment planning
• Share trading
• Tax issues
• Banking and insurance
• Recovery and risk management issues

Selecting commerce as speciality subject in Pre-university classes will give detailed  explanation of basic subjects like accountancy, statistics, finance, commerce, economics and mathematics. With this one can opt for graduation course in Commerce and can start their career as fresh graduates with a small job and get hands on experience in various projects to reach to a higher position. Attaining masters degree in any of the specialised subjects of finance and accountancy will help the individual to gain more opportunities in this area. In addition to these academic qualifications, certification programs and training sessions in accountancy software will fetch more benefits and greater perks.

Financial Analysts and Chartered Accountants are preferred by all organisations world wide and have greater job opportunities especially in the fields of insurance, share market, banks, brokerage, taxation departments, financial services and many more applications areas. Post graduation colleges offers various courses on finance, economics, accounting, commerce, business, taxation for its pupils to choose from the list to attain masters degree.

Young degree pass-outs in commerce and finance are offered a salary package of $30K-$40K per annum in USA which is a very good pay structure for starting a career in any field. However these figures tend to increase with qualification, experience, software applications and location of the organisation in the selected field. Chartered Accountants and Tax Professionals can run small financial firms on their own to facilitate tax filing, financial issues, vendor disputes etc.

In India, fresh commerce graduates can expect a pay structure of around Rs.1 lakh-2 lakhs depending on the type of company and job profile. Senior Managers and Accountants are definitely paid higher for their responsible job tasks which is mainly based on their qualifications and certifications.

Some of the positions in this field of accountancy and finance offered by organisations are:  Audit manager, Taxation manager, Financial Accountants, Credit control executives, Forex Manager, Treasury Manager, Chartered Accountants, Financial Analysts, Company Secretaries, Budgeting Manager, Import/export Account Managers and many more. Designations and job positions vary from one company to the other. However, these are the basic work positions in this remunerative field.

Finance and Accounting has always been a career of great prospects and potentiality and has shown improvements vastly in these recent years in various application fields. Therefore, choosing this area for career growth is beneficial for both the industry and the individual.