Accountant: job description (2024)

Typical employers of accountants

  • Private accountancy firms.
  • Professional services firms.
  • Banks.
  • Charities and not for profit organisations.
  • Commercial and corporate organisations.
  • Governmental bodies.
  • Public sector bodies.

Vacancies are advertised on targetjobs , by careers services and on national newspapers’ websites. Professional accounting bodies (such as the Association of Chartered Certified Accountants and the Institute of Chartered Accountants in England and Wales) also advertise graduate roles.

Qualifications and training required

There are routes into a career in accountancy for both university graduates and school leavers.

Requirements for graduate jobs reflect those set by the various professional bodies offering the professional accounting qualifications you’ll work towards. However, generally, graduates need an honours degree in any discipline, although if you’ve passed specific accounting, business, law or management modules, you may be exempt from some of the steps on the way to qualification.

You’ll also need three GCSEs and two A-levels (or equivalent) to be accepted to study some professional accounting qualifications. Traditionally, graduates needed at least a 2.1 degree, but some firms – including the Big 4 – have relaxed their entry requirements.

Professional accounting qualifications take at least three years to complete and can be demanding as you’ll be working while studying. Employers will offer graduates study leave and support while studying, and it’s important to consider these carefully to give yourself every chance of success.

As part of the training, you must complete three years of relevant work experience. Prior experience gained through internships may count toward this if it meets certain development objectives and was supervised by an employer approved by the qualification provider. Here's a list of key organisations offering professional qualifications in accounting:

Accountant: job description (2024)

FAQs

What does an accountant do short answer? ›

An accountant reviews and analyses financial records, keeping track of a company's or individual's income, expenditures, and tax liabilities. An accountant may also be involved in project planning, cost analysis, auditing, and financial decision-making.

How can I describe myself as an accountant? ›

Sample Answer: I'm a recent graduate with a bachelor's degree in accounting. I'm very interested in tax accounting and have experience with tax preparation software. I'm also an avid runner and enjoy spending time outdoors.

What is your strength's best answer for an accountant? ›

“My greatest strength is my attention to detail and accuracy. I have a meticulous approach to analyzing financial data and ensuring precision in my work, and I strive to maintain the highest level of accuracy and quality in financial reporting.

What is the description of accounting? ›

Accounting encompasses a broad set of activities, from basic bookkeeping to analyzing the company's financial health, forecasting revenue, preparing taxes and ensuring legal compliance. Businesses use five main types of accounting: managerial, cost, project, tax and financial accounting.

What an accountant does all day? ›

Creating and improve accounting processes. Examining financial statements for accuracy. Organizing and maintain financial records. Providing best-practice financial recommendations and advice.

What are the golden rules of accounting? ›

What are the Golden Rules of Accounting? 1) Debit what comes in - credit what goes out. 2) Credit the giver and Debit the Receiver. 3) Credit all income and debit all expenses.

What are the roles and responsibilities of an accountant pdf? ›

Purpose The Staff Accountant is responsible for billing various grants, performing general ledger account and bank statement reconciliation, preparing journal entries and financial statements, creating and maintaining periodic reporting, maintaining fixed asset system, assisting with annual budgeting, compiling grant ...

Why should we hire you as an accountant? ›

Possible answer 2:

I possess the required qualification and skills for this job. I am a pro with numbers and accounting software. I also have good analytical skills, besides being good at mathematics, which I believe are important for an accountant. Check out detailed article on How to answer 'Why should I hire you?'

What is your weakness' best answer for an accountant? ›

Instead, choose a weakness that is relevant to the accounting field, but not essential or critical for the role you're applying for. For example, you could say that you sometimes struggle with public speaking, time management, or delegation, but explain how you're working on improving those skills.

What is an accountant explanation for kids? ›

An accountant is someone who studies and keeps track of financial information. Businesses and other organizations need accounting systems to know if they are making money. Sometimes, individuals also need accountants to help them manage their money.

What is the role of an accountant in a school? ›

Purpose of Role: The School Accountant oversees financial management, control and reporting for the School. The role of School Accountant is key to achieving improved performance and providing Governors, Headmaster and the Bursar with financial information to support good business decision-making.

Why do you work as an accountant? ›

You Will Be In a Profession That Is Respected and Known for Integrity and Ethics. Accountants are respected business professionals, and accounting is known to be one of the most trustworthy professions. You will become a trusted advisor to others where you work, and your opinion will matter in making business decisions ...

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