Writer: Hernice Mok, Hong Kong
Accountants are financial experts monitoring and managing financial data. There are different areas accountants can specialise in: forensic accounting, corporate finance, tax accounting etc. Usually, accountants can work in practically any industry, for example, public accounting firms, governmental agencies and non-profit organisations.
Accountants analyse finance records, budgets and accounting records to ensure that the organisation is operating efficiently. Although their specific responsibilities may vary depending on the organisation they work for, it normally involves: analysing financial statements, maintaining budgets, preparing tax returns etc.
To become an accountant, having a higher education can make you stand out amongst other job candidates and increase your chances of getting a higher salary. Some companies might prefer having a bachelor or master’s degree to ensure that you have relevant experiences and qualifications in this field of work. Before becoming an accountant, you may also consider receiving training through internship programs from successful companies to establish business connections and gain experiences.
Accountants are usually full time employees working at standard business hours on a Monday to Friday shift and their average salary is $20,000 per month. However, this could vary depending on their work experience, level of education and the size of the company they work for. It also varies depending on their position, for example, a senior level accountant may get a higher salary than an entry level accountant.
According to the Association of Chartered Certified Accountants (ACCA), women account for approximately 46% of all accountants and auditors in the UK. Women in accounting tend to encounter more challenges than men, this includes gender pay gap and difficulties to manage work-life balance as many struggle to balance their careers with family responsibilities, making it difficult for them to advance in the profession. However, the Institute of Chartered Accounts in England and Wales (ICAEW) has been launching several initiatives to promote gender equality in the UK. Through promoting gender diversity in work environments, companies can attract more talents and encourage a more include and welcoming workplace culture
Bibliography:
https://hk.jobsdb.com/career-advice/role/accountant
https://hk.indeed.com/career-advice/finding-a-job/how-to-become-accountant#:~:text=Although%20not%20all%20accounting%20jobs,of%20getting%20a%20higher%20salary
https://financejourneys.com/women-in-accounting/