Practical Accountancy Training and Work Expereince

trainee accountant jobs in london

An accountant is a professional who deals with the financial transactions, records them, maintain them and prepare them for final presentation at the end of the year. He helps in presenting the financial image of any business, institute, government body or any nonprofit group. Every year there are several companies offers trainee accountant jobs in London.

The functions done by an accountant are not limited till preparing financial statements, his job is to figure out the centers of high expenses, calculate the departmental cost variances, evaluating the effect of new technology or method introduced in the business and participating in many top level decision making process along with his set of data, accounts and reports.

When someone is determined to be an accountant, the first step he should obtain the required qualifications. There are many universities and reputed institutions who provide the expertise training in the various aspects of the accounting stream, such as audit, payroll, taxation, computer operation, strategy management and many more. Now you have to select the suitable one and gain the diploma degree to become a general accountant. While studying the accounting basics, you can also practice them as there are many small scale businesses and enterprises who provide the trainee accountant jobs in London.

When you have selected your favorite accounting field and obtained the required qualifications, it is time to write an impressive CV which is the real presence of your abilities, qualifications and potential, and submit to the employer. A skillfully written CV with your significant qualifications can easily grab the attention of employers.

The key areas of an accounting career:

• Audit  This is the hardcore accounting field, as it is the detailed study that how the business is making money and where the funds are being utilized. For this an accountant has to deeply check the accounts and ledgers of the business. Computerization has made this function easier as the random sampling is the measure of the evaluating the accuracy in accounts and financial behavior of the company.
• Budget analysis  This field includes the development and the management of the financial planning of a business. As this job is based on negotiations, the professional in this field has to hold the good communication skill along with the accounting and functional skills.
• Financial accounting  A financial accountant prepares, manages and maintains the financial data and information to assist and guide the top management in their decision making process. In this way he is an important part of the senior management team. Taxation is also the part of this job.
• Management accounting  Here the accountant is responsible to manage the capital budgeting and business analysis as well as cost and contract analysis. He plays a key role in high level decisions as mergers, starting a new business or entering into new markets etc.