Jobs and Careers Autumn 2017 - 185

FOCUS ON

FINANCE

In larger
practices you'll
specialise in one
area, such as tax
managing clients' spending and costs,
filing tax returns and giving tax advice,
forecasting profits and performance,
helping businesses that may be in
financial difficulty and investigating
fraud (forensic accounting).
You'll deal with all these if you work
for a small accountancy practice; in
larger practices you're more likely to
specialise in one area, such as tax or
insolvency. With experience, you could
specialise in an area such as auditing
or forensic accounting, or become a
manager in a practice. You could then
move into a partnership or become a
finance director, self-employed or set
up your own company.
What qualifications do I need?
You'll usually need at least two A-levels
and three GCSEs grade 9-4 (A* to
C), including maths and English.
You don't usually need a degree or
maths A-level, but you must qualify
with one of the following professional
bodies: Association of Chartered
Certified Accountants, Institute of
Chartered Accountants in England and
Wales, Association of International
Accountants or Chartered Institute of
Management Accountants. Each has
different entry requirements for its
courses and different routes to qualify.
How much can I earn? Salaries
start in the region of £18,000 to
£27,000, rising to £28,000 to £50,000
with more experience. Partners and
finance directors can earn up to
£100,000 a year, or even more.

Management accountant
These accountants look after a
company's accounts. They advise on
the financial implications of business
decisions, prepare reports, budgets,
commentaries and financial statements,
and provide appropriate financial
information and undertake related
accounts administration. Similar roles
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