Accountants are key members of business teams, who communicate a business’ financial information to managers and others involved. The accountant is responsible for ensuring that the finances of a company are in order by managing all incoming and outgoing money, then reporting back to managers on how the company’s finances are performing.
Essentially, accountants are advisors to companies and service providers. They are responsible for correctly handling information, analysing data and presenting the results. As a result, they play vital roles by advising managers on how to make their company more profitable and successful. Accountants don’t just have to work in business, they are needed in almost all services, including government departments, charities and the music industry. If you want to join a business team with an essential role, be an advisor to top managers, and enter a well-paid professional career, accounting may be for you.
What will I learn?
While studying accounting, students are provided with the broad knowledge needed to become an integral member of a business team. Knowledge and theories are provided on topics such as: business management, economics, legal studies, commercial awareness, quantitative methods and analysis. As accountants are advisors to business figures, each aspect of the business world becomes an important component of an accountant’s average day in the office.
While studying, students will develop their critical thinking skills within business in order to be best able to influence change. You will gain knowledge on how to select and analyse relevant financial information, how to present information and how to develop strategies to help transform a business into a more profitable and efficient one.
Depending on your choice of programme, you may also develop awareness of the international business environment and have the opportunity to study a language as part of your degree
There is considerable demand from UK employers for accounting graduates.
Within accounting, you could work in a team to manage a company’s finances, work as part of a firm offering advice to a wide range of companies, or work in the public sector to ensure that services are cost efficient and to manage budgets.
Outside of accounting, you could end up in other financial roles, business-related jobs within industry, banks or the public sector. The broad base of knowledge and transferable skills ensure that those with an accounting degree are employable in a range of fields.
To become a chartered accountant, you will need to be qualified through a professional body after you have graduated. Chartered accountants are sought after in businesses as trusted professionals who will help make developments. By studying accountancy, you will be able to obtain exemptions from examinations of major UK professional accounting bodies such as The Association of Chartered Certified Accountants and more. This helps the transition when first entering the accountancy career.
Accounting in Cardiff
Cardiff Business School is accredited from the Association to Advance Collegiate Schools of Business (AACSB), something which is widely recognised as an indication of business school excellence. Less than 5% of the world’s business schools are accredited and Cardiff Business School is the first in Wales. A brand new building for the school is scheduled for completion in September 2014 and amongst its state-of-the-art facilities, will have a Trading Room which incorporates the latest in trading technology.Cardiff Business School, Cardiff University.