
Accounting is one of the most in demand skills and a significant process for every organization. Students can start a career in Accounting after Graduation or by pursuing Professional Certification courses in Accounting.
Bachelor’s Degree:
- Every University offers a Bachelor’s degree in Accounting programs. Students can either pursue a bachelor’s degree that is focused on Accounting or Finance topics or pursue a bachelor’s degree that covers general subjects including Accounting.
- Below are some of the Bachelor’s degrees:
- Bachelor of Commerce (B.Com)
- Bachelor of Accounting and Finance (BAF)
Master’s Degree and Certification Courses in Accounting
- A Master’s degree provides you advanced knowledge in Accounting. There are few certification courses that provide you in depth knowledge and practical experience in the field of Accounting.
- These courses are focused on topics that are related to Accounting only. Here are some of the certification courses in accounting:
- Auditor:
- Role/ Responsibilities of Auditor
- Some of the responsibilities of an Auditor have been listed below:
- Assess the internal control structure of the organization
- Check if any resources have been tampered
- Identify if any process is not functioning as required and recommend changes and solutions accordingly
- Ensure that all the processes, policies, rules, regulations are diligently followed
- Prepare Audit work papers and Memorandum by documenting audit tests and findings
- Assess the processes and books of accounts and identify the financial threats in an organization
- Qualification required for an Auditor:
- For the role of an Auditor, major companies prefer a candidate who possess the below Qualifications:
- Certified Public Accountant – US CPA Course
- Learn more about CPA Scope
- CPA Eligibility
- CPA Duration
- Association of Chartered Certified Accountant – ACCA Course
- Learn more about ACCA Scope
- ACCA Eligibility
- ACCA Duration
- Chartered Accountant – CA
- Learn more about CA Scope
- CA Eligibility
- CA Duration
- Salary range of Auditor:
- The Salary range for the role of an Auditor is as below:
Average Auditor Salary in India
- Forensic Accountant:
- Role/ Responsibilities of Forensic Accountant
- Some of the responsibilities of a Forensic Accountant have been listed below:
- Review all the Financial documents to identify inaccuracies and risks
- Analyze financial data and report losses from contract breaches, errors, etc
- Forecast and prevent financial frauds and financial risks
- Provide litigation support and provide findings and evidence
- Perform financial audits to ensure compliance
- Ensure all accounting procedures are being followed
- Qualification required for Forensic Accountant
- For the role of Forensic Accountant, major companies prefer a candidate who possess the below Qualifications:
- Certified Public Accountant – CPA
- Learn more about CPA Scope
- CPA Eligibility
- CPA Duration
- Chartered Certified Accountant – ACCA
- Learn more about ACCA Scope,
- ACCA Eligibility
- ACCA Duration
- Chartered Accountant – CA
- Learn more about CA Scope,
- CA Eligibility
- CA Duration
- Salary range of Forensic Accountant
- The Salary range for the role of a Forensic Accountant is as below:
Average Forensic Accountant Salary in India
- Financial Accountant:
- Role/ Responsibilities of Finance Accountant
- Some of the responsibilities of a Finance Accountant have been listed below:
- Prepare companies Profit and Loss and Balance Sheet statement on a monthly basis
- Create KPI reports and Conduct internal Audits
- Prepare Cash Flow statements, file and record Tax, recording Inventory
- Prepare year-end accounts and statutory accounts
- Respond to financial inquiries by Management and Auditors
- Qualification required for Financial Accountant
- For the role of Financial Accountant, major companies prefer a candidate who possess the below Qualifications:
- Certified Public Accountant – CPA
- Learn more about CPA Scope
- CPA Eligibility
- CPA Duration here
- Chartered Certified Accountant – ACCA
- Learn more about ACCA Scope
- ACCA Eligibility
- ACCA Duration here
- Chartered Accountant – CA
- Learn more about CA Scope
- CA Eligibility
- CA Duration here
Salary range of Financial Accountant
The Salary range for the role of a Financial Accountant is as below:
Average Financial Accountant Salary in India
- Management Accountant:
- Role/ Responsibilities of Management Accountant
- Some of the responsibilities of a Management Accountant have been listed below:
- Prepare Management Accounts, Budgets and Forecasts for business planning
- Inform about the key strategic decisions and business strategies to generate shareholder value
- Advise the management about the financial implications of business decisions
- Develop and manage financial systems & policies, and keep improving them periodically
- Forecasting income and expenditure, and control expenditure as per the estimate
- Recommend strategies to reduce costs and identify risks
- Negotiate and obtain finance for projects
- Analyse and improve business performance through appropriate recommendation
- Qualification required for Management Accountant
- For the role of Management Accountant, major companies prefer a candidate who possess the below Qualifications:
- Certified Management Accountant – CMA
- Learn more about CMA Scope
- CMA Eligibility
- CMA Duration
- Chartered Certified Accountant – ACCA
- Learn more about ACCA Scope
- ACCA Eligibility
- ACCA Duration
Salary range of Management Accountant
The Salary range for the role of a Management Accountant is as below:
Average Management Accountant Salary in India
- Tax Accountant:
- Role/ Responsibilities of Tax Accountant
- Some of the responsibilities of a Tax Accountant have been listed below:
- File tax returns, timely tax payments, necessary paperwork and reporting
- Analyse difficult tax issues and resolve them to avoid penalties
- Manage and maintain the company’s tax database
- Estimate tax savings and recommend appropriate instruments and policies to save tax
- Comply with regulations by collecting and submitting the required documents to federal, state, and local authorities
- Prepare quarterly and annual tax reports
- Stay updated regarding any changes in the tax policies and recommend actions to diminish tax burden
- Qualification required for Tax Accountant
- For the role of Tax Accountant, major companies prefer a candidate who possess the below Qualifications:
- Certified Public Accountant – CPA
- Learn more about CPA Scope
- CPA, Eligibility
- CPA Duration
- Chartered Certified Accountant – ACCA
- Learn more about ACCA Scope
- ACCA Eligibility
- ACCA Duration
- Chartered Accountant – CA
- Learn more about CA Scope
- CA Eligibility
- CA Duration
Salary range of Tax Accountant
The Salary range for the role of a Tax Accountant is as below:
Average Tax Accountant Salary in India
- Cost Accountant:
- Role/ Responsibilities of Cost Accountant
- Some of the responsibilities of a Cost Accountant have been listed below:
- Prepare monthly and quarterly accounting reports for management
- Conduct inventory reserve analysis and generate reports for management
- Assist the other Accountants in increasing cash flow
- Review rate of depreciation, labor and overhead and suggest policy changes to minimize costs
- Analyze costs of raw materials and other supplies and create cost-benefit analysis
- Create budgets for projects and estimate various costs
- Qualification required for Cost Accountant
- For the role of Cost Accountant, major companies prefer a candidate who possess the below Qualifications:
- Certified Management Accountant – CMA
- Learn more about CMA Scope
- CMA Eligibility
- CMA Duration here
- Chartered Certified Accountant – ACCA
- Learn more about ACCA Scope
- ACCA Eligibility
- ACCA Duration here
Salary range of Cost Accountant
The Salary range for the role of a Cost Accountant is as below:
Average Cost Accountant Salary in India
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