Career development: Employability skills for accountancy goals

This essay discusses employability skills essential for an accountancy career, focusing on setting career goals, identifying target roles, and addressing skill gaps. It includes a reflective analysis of tailoring a CV and building a professional network. The essay also presents a detailed action plan to achieve career objectives, emphasizing continuous learning and practical experience. The importance of aligning personal interests with career choices is highlighted, alongside the need for strong technical and communication skills. References to relevant books and journals support the analysis, and a CV is included in the appendix. Desklib provides solved assignments and resources for students.

Employability skills for
the accountancy and my
goals

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Your Career Goals.......................................................................................................................3
Your target role and what is required..........................................................................................3
What are the gaps you will need to close?..................................................................................4
Your experience of tailoring your CV........................................................................................5
Building your professional network............................................................................................5
Action plan..................................................................................................................................5
CONCLUSION................................................................................................................................6
REFERENCES:...............................................................................................................................7
Books and Journals.....................................................................................................................7
Online..........................................................................................................................................7
Appendix..........................................................................................................................................8

INTRODUCTION
Career development can be defined as the process of selecting right career, enhancing
skills and working in the right direction. It is a life long process and it is necessary to take wise
decision to get idea job with right skill set (Suleman, 2018). In the starting of this report career
goals are mentioned. The target roles in the career are also part of this report. The skill gaps are
analysed so that action plan is formulated effectively. CV is also attached so that the career
success can be achieved and experience related to the CV is also done. In the end of this report
action plan is formulated.
MAIN BODY
Your Career Goals
It is important to set career goals. These are the one that an individual wants to achieve in
future. Setting right goals as per the area of interest is necessary and assist to become an
successful person. My career goals are as follows:
 To work for a reputed taxation firm in London
 To start my own company after 5 years in London
 To manage the company in an effective manner
First of all I would like to start my career by doing a job in taxation firm. It will help me
to enhance my knowledge and get practical experience. It will assist me in starting my own
business (Blackmore, Gribble and Rahimi, 2017). I have keen interest in taxation and I am good
at accountancy. All this will given me direction and guidance so that I am able to start my own
company. I will start my business after a time period of years. These 5 years I will work with
full dedication in my job.
Your target role and what is required
It is important to know about the roles and responsibilities that are required to work in
taxation firm. For that reason I keep focus on mu studies so that all the knowledge that is being
given to me is imparted effectively. There is need to remember all the information so that it can
be used at the time of job in future (Howcroft, 2017). There are skills that must be developed in
order to achieve career goals and objectives. It is necessary to work according to the chosen
career so that targets are achieved. I have analysed that these are the important points that I must
know about and follow to become effective worker in tax department.

Qualification
 There is need of Bachelor’s Degree in Accounting
 Management degree in finance and taxation
 Knowledge of tax laws and regulations with strong tax accounting skills
 There is need of strong technical skills
 Ability to deal with client
 Effective time management and communication skills
 Ability to work in team with full enthusiasm
Roles and responsibilities
 The main task is to prepare multi-state tax returns and work according to the laws
 Research effectively and analyse the financial statement of the company and make sure
that they are correct.
 To monitor the expenses of the business organisation and conduct financial planning. It
helps to implement taxation strategies and to minimise the financial risk of the
organisation.
 To maintain relationship with the auditors and represent the company at the time of audit
check.
 Build network and develop relationship with the clients. Working properly so that clients
are able to trust the organisation.
 Working according to the norms of the organisation and following the orders of seniors.
 Work effectively in team and and supporting the team members wherever required. To
perform best and achieve the task assigned on time.
I want to do this job as I have keen interest in taxation. Along with that I am good at
numbers that help me to complete the work effectively. I like to read the taxation laws and easily
remember them. I am able to retain knowledge and use the same. All these skills will help me to
hired at a taxation firm.
What are the gaps you will need to close?
After graduation I have worked with a small company in accountancy department. I was
handling the accounts over there and formulating the financial statements for the organisation. I
have developed my skills to deal with the numbers and to study the financial statements and
understand them is not big task for me (Lysova and et.al., 2018). But, now I want to work in

taxation department so I need to work on my knowledge accordingly. I have theoretical
knowledge related to tax. Along with that there is use of different software in big organisations.
In upcoming years I want to work in taxation department of reputed organisation. The roles and
responsibilities are different in the company as compared to that I have done in accountancy
firm. I should work on daily basis and learn something new related to taxation. I should take help
of my teachers, in learning best ways to clear interviews.
Your experience of tailoring your CV
I have completed by bachelor's degree in accountancy. After that I have done job in the
field of accounts. Along with that I have also done management degree in finance and taxation
that enhanced by knowledge regarding tax and the laws. I have also done summer internship at
the time of degree in taxation department for a period of two months. There I learned little bit in
practical life (Wyness and Dalton, 2018). I have skills such as communication and time
management.
Building your professional network
It is important maintain network with all the professional people. It will help me to take
help whenever there is need. I am in contact with my seniors at my last job. Along with that I
regularly talk to my manager at internship. It is need that they can help me to get a job and will
give support (Curtis and Taylor, 2018). It is important to maintain relation with all the classmates
as they will also do job in future and there are chances that there support is required.
Action plan
It is set of actions that must be followed to achieve success and growth. It is necessary to
know about the skill gaps and take desirable actions so that I am able to fill the gaps. The action
plan is formulated below:What I am going to do When I will do it What challenges I
might face
How I could overcome
these
I will work on
enhancing knowledge
related to taxation
laws
Within 3 Months I am face issue in
remembering the laws.
I will learn by writing
so that I so not forget
what I have learnt.
I will work on my Within 1 month I will not be able to I will take classes

technical skills enhance my technical
skills by my own
online so that I am
able to enhance my
technical skills and
able to use software.
I want to get practical
experience
Within 6 months I will face issues in
getting internship.
I will use my networks
so that I am able to get
good internship (Steel
and et.al., 2019).
I want to enhance my
CV
Within 6 months I do not not what are
the right courses that
will support me
I will do courses
related to taxation by
asking my teachers
CONCLUSION
It is analysed that there is need to achieve career growth. For that purpose it is important
to set goals and objectives for future. At the same time discussion related to CV and the
professional network is part of this report. In the end of this report there is action plan that will
help me to achieve success.

REFERENCES:
Books and Journals
Blackmore, J., Gribble, C. and Rahimi, M., 2017. International education, the formation of
capital and graduate employment: Chinese accounting graduates’ experiences of the
Australian labour market.
Critical Studies in Education,
58(1), pp.69-88.
Curtis, M.B. and Taylor, E.Z., 2018. Developmental mentoring, affective organizational
commitment, and knowledge sharing in public accounting firms.
Journal of Knowledge
Management.
Howcroft, D., 2017. Graduates’ vocational skills for the management accountancy profession:
exploring the accounting education expectation-performance gap.
Accounting
Education,
26(5-6), pp.459-481.
Lysova and et.al., 2018. Examining calling as a double-edged sword for employability.
Journal
of Vocational Behavior,
104, pp.261-272.
Steel and et.al., 2019. The effects of personality on job satisfaction and life satisfaction: A meta-
analytic investigation accounting for bandwidth–fidelity and commensurability.
Human
Relations,
72(2), pp.217-247.
Suleman, F., 2018. The employability skills of higher education graduates: insights into
conceptual frameworks and methodological options.
Higher Education,
76(2), pp.263-
278.
Wyness, L. and Dalton, F., 2018. The value of problem-based learning in learning for
sustainability: Undergraduate accounting student perspectives.
Journal of Accounting
Education,
45, pp.1-19.

Appendix
Key roles and responsibilities
CV