Career Research Report: Accounting Graduate Job Prospects

This career research report focuses on the accounting profession, exploring various facets of the field to provide insights into career prospects. The report delves into general trends shaping the accounting landscape, highlighting the impact of technology such as cloud accounting, and the increasing importance of value-added services and decision-making skills. It identifies essential skills like innovation, communication, commercial awareness, critical thinking, and analytical abilities. Furthermore, the report evaluates specific job roles, including accounts payable and receivable maintenance, internal audit, and budgeting, emphasizing the accountant's crucial role in financial record-keeping, compliance, and strategic planning. The analysis incorporates the perspectives of various authors to present a comprehensive overview of the accounting job market and its demands.

Career Research Report
(Accounting graduate job)

Table of Contents
INTRODUCTION...........................................................................................................................3
Analysis and Application.................................................................................................................3
General trends..............................................................................................................................3
Skills and Knowledge..................................................................................................................4
Evaluation........................................................................................................................................6
REFERENCES................................................................................................................................8

INTRODUCTION
The method by which a person's job demands evolves is referred to as professional
development or job placement making plans. It's really the method of producing learnable skill
judgements in able to match individual desires for physically or mentally fulfilment with
opportunities and career. In this report, career related to accounting job is being discussed which
is the main job for future. Accounting is really in availability since it is the foundation of each
and every business organisation (Baker, 2018). Every business uses a bookkeeper. These are
regarded as one of the most prestigious professions. The demand for bookkeepers is growing as a
result of the diverse demands of various businesses. Eligible students can check work in the
public, corporate, or non-profit sectors.
Analysis and Application
General trends
Candidates interested in working in accounting have a variety of options. Accountants are
employed in both the public and private sectors. If they want to pursue a career in business,
people have a wide range of options. Every business requires an accountant to repair and monitor
the corporate accounting records. It allows the company to assess its successes and failures and
make future plans. Accounting is known as "the working language," and accountants help
businesses in a variety of ways, such as financial reporting, tax, conformance, managerial
accounting, monitoring, banking institutions, market analysis, predicting, as well as payroll.
Auditors could even collaborate to customers in true time thanks to the data centre. Customer
needs are shifting. Accounting firms are expanding their service offerings, and newly emerging
species of auditors are bringing additional skills and professional intelligence to support
customers well beyond statistics.
Technology
Rectangular papers were used to process information. The trial balance as well as financial
statements must be manual process compiled, with columns tallied up and figures relocated
through one document to another. The banking system, like most others, has been transformed
by computerization as well as the internet. Although the notions are the same, the concepts have
changed from article to desktop to internet. Accounting software companies are constantly

developing cutting-edge tools that support businesses get the most out of new tech whilst also
changing the way they work, streamlining business operations, and enhancing received data.
Cloud accounting
Cloud storage is perhaps the most recent technological advancement in the accounting field.
Having worked throughout the data centre with brands like accounting system ensures that data
is accessible at all times and from any location. From every computer device, such as PCs, Macs,
cell phones, as well as tablets, small businesses could even keep track of transactions and adjust
their strategies. The cloud enables a real-time work environment between the accounting firm as
well as the customer, allowing the accounting firm should provide customers with much more
repeated perspectives into about their industry to make others to monitor performance, influence
judgments, as well as strategy (Şen, 2017).
Value added services
Accountants are particular demands to distinguish their practises by offering valuation service
providers and a client base of business knowledge, such as HR, innovations, merchandising, and
command structure, to assist clients throughout areas other than accounting. The customer
relationship is one of strategic alliance, with auditors genuinely concerned about the achievement
of their clients' business owners as well as providing invaluable assistance.
Decision making
The term "decision" is crucial. As accounting evolves, big businesses will have more options for
the category as well as amount of care they could even anticipate from their accountant.
Conventional decade and adherence systems are still vital and auditors are a vital component of
expertise and knowledge. They assist clients in achieving their business objectives. Assist them
in promoting their products and services. A financial adviser is a valuable business as all the
business transaction are transparent that help in increasing productivity.
Skills and Knowledge
Skills Rating
Innovation 7
Communication 6
Commercial awareness 5
Analytical Skills 7

Critical Thinking 8
Innovation: Since the dawn of time, accounting has become a critical business instrument.
Without a strict supervision and system implemented to the figures, no plan can get onto the
track. Since the accounting standards that go along with it change like the business environment
does, innovation is required. Recruiters are always on the lookout for people with innovative
concepts that have the potential to shape the banking world's future.
Communication: Communications is, once more, one of the essential necessities of every field.
Accountants must communicate nuanced facts in the simplest manner possible. If you're an
independent firm working on behalf of the organization or a member of an internal accounting
team, you'll almost certainly need to collaborate with someone at all levels. When you register
during your first accounting job, you'll be assessed on these qualifications.
Commercial awareness: It's maybe shocking that so many people overlook this. Although
certain abilities are merely extensions of common decency, commercial knowledge is essential.
Commercial awareness seems to be the understanding about how but where the company fits
throughout the market – how it should be influenced by financial, cultural, and political issues,
and how it might develop and change (Tseng, Chiu and Liang, 2018). It's all about mastering the
art to assist user sent out a consumer knowledge notification every Monday that summarises and
analyses the week's most important stories. Users of the Bright Network will refresh their
profiles and choose commercial recognition to access the regular summary directly in their
inbox.
Critical thinking: Accountants are continually confronted by contradictions, inconsistencies,
and inconsistencies, which, if not identified and corrected, may have significant consequences
for employees and customers. Accounting professionals must treat scenarios objectively, taking
into account both factors and possible risks, throughout order to address these complicated
issues. Critical thinking is defined as a "invaluable talent" throughout the accountancy
profession. The claims that “almost all of the week as well management can be pretty meant to
be taken seriously.” “However, accountants who are able to look about financial planning and
make long-term plans are seen as true advantages by their corporate partners.”
Analytical skills: Accounting work necessitates a thorough, detail-oriented approach.
Accounting professionals should browse through voluminous financial documents to ensure that

any fact is correct and up to date. Alternatively, their study may provide contradictory findings.
The right auditors, the managing director of finance and accounting staffing will easily assess an
assessment report to decide if the numbers and statistics add up. The claims that “good
accounting professionals were willing to pull the details together.” “Great accountants examine
the performance to determine whether it is fair, ensuring that no one's time is wasted on an
evaluation which makes no logical sense although seen from a distance.
Evaluation
I have applied for the job of accountant which is very much in demand as this will help me
to grow a better in the accounting field. There are some basic role for me as an accountant which
makes me feel that this job is of my interest. The same are discussed below:
Accounts payable and receivable maintenance
The auditor's role is critical in keeping systematic books of accounts in order to measure net
income or loss over an income statement as well as an entity's financial status as of a certain
date. It is vital for the organization to keep correct books of records in accordance with the
legislation as well as the individual's creative accounting. The employee's accounting records
also aid in the preparation of potential company activities (Vladušić, Rebić and Hršum, 2016).
Internal Audit
Financial advisers including internal personnel are hired to perform an auditing firm for
large-sized organisations (such as publicly traded firms, companies assigned to undertake an
auditing firm by statute, and so on) to guarantee that certain financial transactions within a terms
of the achievement year are registered, categorised, and summarised in compliance with the
object's financial statement. It also allows companies to understand when any of the orders are
being implemented.
Creating a budget
Budgeting is the process of preparing multiple economic operations and activities
throughout advance of their implementation. Management accountants devise a variety of
strategies to offset a company's revenues and expenditures. The real outcomes are presented to
that same budget period information to determine any differences. Accounting plays a critical
role throughout budget preparation.
A firm’s accounting function is crucial to its day-to-day operations. The gathering and
management of financial records as it applies to a business or firm is normally one of an

investor's key responsibilities. On an organisational basis, the auditor maintains that financial
statements are kept in accordance with legal and agreed regulatory requirements. Any company's
monetary data must be maintained in great condition because it's such a critical component in
running and maintaining a company. Accountants usually prepare accounting is based on
collected and reviewed financial data, which can include annual and monthly reports. Accurate
monthly and year-end closing remarks should be used in the planning of financial planning
reports. The analyses collected will be used to assist and coordinate fiscal forecasting operations
on an ongoing basis.

REFERENCES
Books and Journals
Baker, A. J., 2018. Business decision making. Routledge.
Şen, Z., 2017. Intelligent business decision-making research with innovative fuzzy logic
system. International Journal of Research, Innovation and Commercialisation, 1(1),
pp.93-111.
Tseng, M. L., Chiu, A. S. and Liang, D., 2018. Sustainable consumption and production in
business decision-making models.
Vladušić, L., Rebić, M. and Hršum, A., 2016. Risk management for the purpose of business
decision-making in crisis situations. Strategic Management, 21(3), pp.13-21.