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What Does an Accountant Do?
Learn about the key requirements, duties, responsibilities, salaries and required skills that should be in an Accountant job description.
Job designation: - Accountant
The role of an accountant in a company’s past, present and future is very much invaluable. They are responsible for recording and maintenance of financial activities which happen all the time during the financial year from 1st April to 31st March.
Duties and responsibilities of an Accountant
Being an accountant in a company is a huge responsibility because the company is dependent on your work. You are the one given the duty and responsibility of seeing over the major financial conditions of the company related to assets and liabilities. It falls under one of the high-risk jobs because it demands accuracy and eagle-eye vision.
Maintaining books of records such as journal, ledger and balance sheet
Analysis hits and misses in the company’s financial record
Creation of reports related to the current financial workings of the company
Financial evaluation of a company’s monetary performance
Efficiency improvement in the financial turnover of a company
Suggestions of cost cutting, higher revenue turnover and profit improvement
Organizing financial data into one concrete document
Reviewing a company’s budget to operate during a respective financial year
Places of employment for a Accountant
Banks and other financial institutions
Multinational companies
Government/Private Sectors
Medical industries
E-Commerce
Small and Medium Enterprises
Work schedule of an Accountant
An accountant’s work schedule is basically a 9AM to 5PM job or 40 hours per week. Some accountants often work freelance or have their own accounting firms. During the 31st March of every year, there is usually a lot of burden on accountants because they have to work heavily related to the company’s finances.
Qualifications required to become an Accountant
To become an accountant, a graduation degree in commerce with honours in accounts is required. A master degree in accounting can be very much beneficial to work in the corporate world. A Chartered Accountant course can be pursued to improve your career.
Under-graduate courses to become a Accountant
B. Com (Honours in Accounting and Finance)
B. Com (Honours in Accounting and Taxation)
B. Com (Honours in Accountancy)
BBA (Honours in Accounting and Finance)
Eligibility to pursue the course: -
Class 12thstudent of any stream who have appeared for the CPT or Common Proficiency Test
Enrolment into ICAI (Institute of Chartered Accountants of India) for ATC (Accountant Technician Course)
Minimum 100 out of 200 in CPT to appear for IPCC (Integrated Professional Competence Course)
Minimum 40 percent and a total of 50 percent to pass IPCC
Three years article ship under a renowned accountant
CA Finals and qualify to appear in All-India merit list and be awarded the title of Chartered Accountant
Entrance-exams to be taken to pursue the course
BHU-ET (Banaras Hindu University)
DUET (Delhi University)
CU-ET (Christ University)
AMU Entrance Exam (Aligarh Muslim University)
Jamia Millia Islamia Entrance Exam
Institutes which are offering these courses
ICAI (Institute of Chartered Accountants of India)
Miranda House
Lady Shriram College for Women
Hindu College
St. Stephen’s College
Presidency College
Post-graduate courses for a Accountant
M. Com (Finance)
M. Com (Accountancy)
M. Com (Accounting and Finance)
M.Com (Banking and Finance)
M. Com (Financial Management)
MBA (Banking and Finance)
Eligibility to pursue the course: -
Minimum above 50% is mandatory in graduation
Relevant work experience of 3 to 4 years
Entrance-exams to be taken to pursue the course
BHU-ET (Banaras Hindu University)
DUET (Delhi University)
CU-ET (Christ University)
CAT (Common Admission Test)
XAT (Xavier Aptitude Test)
MAT (Management Aptitude Test)
Institutes which are offering these courses
IIM Calcutta
Delhi University
Jamia Millia Islamia
Bangalore University
Annamalai University
Key/Technical skills
Patience while working with others
Knowledge of Tally and MS-Excel
Ability to adapt in any environment
Attention to details of financial recordings
Keen foresight in to the finances of a company
Salary expectations
Average salary: - Rs. 2.49 lakhs per annum
Entry level salary: - Rs. 1.9 lakhs per annum
Experienced-level salary (10 to 20 years of work experience): - Rs. 3.9 lakhs per annum
Process of getting the job of a Accountant
Placement from colleges, universities and other recognised institutions
Job searching on LinkedIn or Indeed for accountant posts
Checking out any institution’s profile and requirements for an accountant
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