Accounting is the process by which your company keeps track of, organizes, and interprets its financial data. Thus, it can be thought of as a large machine into which you feed raw financial data and it spits out an easy-to-understand tale about your company’s financial health.
Accounting shows you if you’re making a profit, how much cash you have on hand, how much your company’s assets and obligations are worth, and which areas of your firm are genuinely profitable.
If you’re considering a career in accounting, you have more options than you might think. From more typical professions, such as management or financial accounting, to jobs you may not have known existed, there’s something for everyone.
1. Forensic Auditor
A forensic auditor is one job in India that is a recession as well as pandemic-proof. In order to discover illegal acts such as syphoning of corporate funds, embezzlement, or fraud, a forensic auditor would need to combine accounting, auditing, and investigative abilities. Along with that, they would have to use technology and knowledge of the legal system to establish facts and evidence in court. Forensic audits are sometimes carried out to evaluate whether persons charged with fiduciary duties have been negligent.
With increased illegal activities in this area, the scope for this job is vast. You must have at least a bachelor’s degree to qualify for entry-level positions, which takes four years to earn. Additional certifications can improve job prospects, but these typically require at least an additional year. Forensic accountants who pursue a master’s degree usually devote an additional two years to their education.
2. Film Production Manager
Film production managers are in charge of a film’s budget and ensuring that it stays on track. Producers and film production managers meet to estimate the cost of the project. They can also help with salary negotiations for production employees and budgeting for filming. Accounting knowledge aids film production managers in estimating costs and staying within budget. A bachelor’s degree in accounting or a closely related discipline can help production managers manage a film’s budget and develop realistic cost projections. Strong organizational, management and analytical abilities are required for this position. Accountants and accounting graduates can rise into the post of film production manager by gaining production experience.
To be a film production manager, you must go through being an assistant director or director of production. It is not necessary to have a degree in Film and Media, but the most important part of acquiring this job is to have previous experiences in the film and advertising industry. Those with a degree and relevant work experience have an advantage over other candidates.
3. Entrepreneur
Entrepreneurs start new businesses and sell new services or goods. They established firms, raised funds from investors, and developed growth-oriented company plans. Accounting skills aid businesses in managing cost and revenue estimates, creating budgets and developing growth-oriented financial plans. Trained accountants can also work as independent CPAs or operate enterprises that combine accounting and entrepreneurship.
Entrepreneurs do not need to meet typical education requirements. Accounting and business training, on the other hand, aids entrepreneurs in starting new enterprises; this is especially true for accountants who want to go into business for themselves. Accountants with a bachelor’s degree in accounting can establish their own financial advising firm, but being an independent CPA requires a master’s degree in accounting or an accounting graduate certificate.
4. Fashion Purchasing Manager
Fashion purchasing managers, also known as buyers, are responsible for purchasing high-end and ready-to-wear clothing for major retailers. They can also buy clothing, shoes, and jewelry. Accounting-trained fashion purchasing managers use their cost-analysis skills to make the best purchases and assess contracts.
Fashion purchasing managers usually have a bachelor’s degree and some expertise in business or finance. Most purchasing managers have worked as a buyer or purchasing agent for several years. Accountants who want to work in the fashion industry can get credentials to help them stand out on the job market.
5. Job in Software Development
Accounting software developers combine strong computer programming skills with accounting knowledge to create and maintain software that caters to the specific demands of accountants and other financial professionals. From ordinary consumers using home accounting software applications to CPAs working for huge organizations, they make data administration and analysis easier for everyone.
You would need a bachelor’s degree and several years of programming experience. These are just primary qualifications, anything more would obviously be beneficial in the job market.
6. Jobs in Sports
If you have a passion for sports, you can use your accounting talents to work for a professional sports team, managing budgets and payroll. Sports teams—and sports-related businesses—need full-fledged financial departments, complete with controllers, analysts, and accountants, just like any other corporation. Because these finance departments aren’t often huge, competition for accounting jobs is high, especially among MBA candidates. However, the perks—great seats to sporting events, a relaxed work environment, and the opportunity to work behind the scenes of your favorite team—might make it worthwhile.
Thus, as you see accounting has transformed into something bigger and better. It’s not the same thing it was years ago. It can actually provide you with a way to live an adventurous life! These were just some examples, there is much more out there in this field, waiting to be found and appreciated.