Over the years, Accounting has generally been perceived as a prestigious profession. Albeit, one might argue it is a boring job since the traditional bookkeeping has always involved tedious and repetitive tasks done sitting on a chair in a relatively isolated environment with less human interaction. However the accountancy profession has evolved over the years and it has certainly become easy due to the advancement of IT. Further, today’s modern business world expects an accountant to actively participate in decision making processes - especially in areas such as financial consultation. This has resulted in the accountancy profession becoming more interesting and challenging.

As an accountant, you are free to select your area of specialization from several avenues. A public accountant may get involved in accounting, auditing and tax consulting. Recent developments have resulted in services broadening into budget analysis, financial and investment planning and even information technology consulting. Management accountants, on the other hand, mainly record and analyze financial information for their companies. Further, they are also responsible for budgeting, cost management, performance management as well as asset management. Internal Auditing gains popularity by the day, as more and more corporate scandals unveil. They need to verify the efficiency and effectiveness of the internal controls of an organization as well as its compliance to corporate policies, procedure, rules and regulations. . Read More