Career Research Report: Accounting Role in Sports & Leisure Sector

This career research report explores the accounting profession within the sports and leisure industry, highlighting essential skills, knowledge, and experiences for graduates. It discusses the impact of trends like artificial intelligence and digital transformation on accounting practices. The report emphasizes the importance of numerical skills, time management, computer proficiency, business awareness, and communication skills for accountants. It also evaluates the need for practical experience and in-depth knowledge of accounting concepts. The report concludes that skills, knowledge, and experience are crucial for career advancement, particularly in a globalized environment with evolving accounting standards. Desklib provides this student-contributed assignment as a valuable resource for students.

Career Research Report

Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
ANALYSIS AND APPLICATION.................................................................................................1
General trends which will impact on the chosen profession/industry.........................................1
Skills/knowledge and experience required..................................................................................2
EVALUATION...............................................................................................................................3
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................5
APPENDIX......................................................................................................................................6

INTRODUCTION
Skills, knowledge and experiences works as vital aspects for person with aids of it.
Additionally, this cannot only enhances the opportunities of employment but can also generally
enters in graduates employment. In addition to this, this describes relate to upcoming career
planning and explanation. In this, the main role of account profession is opted by me within
Sports & leisure industry. The particular profession is career oriented in which individuals can
directly renders financial services as per their needs. Account professionals are answerable for all
the transactions, financial statements and others. They may also handle the various ledgers of
business, ratios and so on. It also plan, manager and coordinates thee monetary practices in firm.
The key intent of this report is to describe an awareness of knowledge, competencies and
proficiencies required by present graduates to enter into chosen graduate job area. So, some of
the aspects that are going to be explained in this context are common trends that would effect
upon account profession as well as experiences and knowledge needed.
MAIN BODY
ANALYSIS AND APPLICATION
General trends which will impact on the chosen profession/industry
There are various general trends within accounts profession that would affect the work ways
at Sports & Leisure industry. Some of these trends are discussed below:
 Artificial Intelligence: This is regarded as the kinds of technological advancements.
Moreover, AI plays crucial role in respect of accounting & finance. Additionally, firms
are using particular trends for analysing the lease contracts for making it much simple to
obtain and capture the data upon fast pace way on amount which is to be paid,
termination and renewal options.
 Digital transformation: There are firms who modifies its ways to work with assistance of
digital technology in which accounting as well as finance pays key role into it. Firm
should put the procedures for accounting for new incomes from various new sources,
subscription model, digital offerings and others.
Within particular digital world, role of digital transformation is much vital as this develops
the work not only smooth but also modernised the working system effectively.
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There are various knowledge and experiences that are needed at accounting profession level
for accomplishing the activities in efficient way. Moreover, these competencies involve
reporting, account reconciliation and so on. Additionally, there are several other skills that are
needed for developing the particular profession much effectual such as time management
communication and many others along with proficiency in Microsoft Office Suite. In accounts
profession, there is huge affect of globalisation as because of that this modifies the work ways.
This also impacts the particular profession by the enhancement of multinational firms that have
maximised the job opportunities for accountants. Also, with impacts of globalisation, there is
enhancement into international trade as well as investment that have maximised the requirements
of global accounting & reporting standards which would aids in respect to harmonise the
organisational financial data.
Skills/knowledge and experience required.
There are few skills and experiences that are needed for individuals as accounts profession
in order to perform effectively within sports & leisure industry:
 Numerical Skill: This is an ability which is predicted for the career in accounting
(Dutton and Ragins., 2017). There are positive numerical abilities that is anticipated to
showcase the capacity to realise and furthermore examinations the mathematical records
too. So mathematical is vital on the hierarchical stage to make the functioning extra
smoother and compelling too.
 Time management and organisation skills: An accountant desires to oversee distinctive
forms of liabilities which incorporates portfolio the board , change looking after and
furthermore complying with out the big time constraints. An individual can function their
ability thru releasing a extensive variety of duties into suitable manner and furthermore
display that the quantity they are coordinated regarding their operating. Using time
productively is additionally crucial in their calling in light of the reality that the duty can
be correctly oversee through focusing at the sizeable assignments.
 Computer Skill: For conducting the paintings into a success way in accounting
profession should have computer skills as it is crucial. This expertise fundamentally
comprise appropriate working of records on numerous styles of bookkeeping
programming aside from the critical registering capacities of dominate and word (Ma and
et.Al., 2020).There are certain popular bookkeeping gadgets which is predicted at
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hierarchical degree which includes stepped forward dominate, ERP contraptions, massive
records investigation and Microsoft visible crucial.
 Business Awareness: It is vital that to have the facts regarding the profile of commercial
enterprise and furthermore must recognise about monetary occasions which has been
occurred to affect the commercial enterprise inside the instantaneous and roundabout
shape. The information on financial, social and political tendencies assist as some
distance as thinking in advance approximately the time and furthermore advance as
regards to dominating the art.
 Communication Skill: It is that knowledge which is essential while operating on the
hierarchical degree. Respective skills works as supportive system as regards to
composing reports and furthermore introducing them to senior management too. There
are some sizeable collaborations which has took place with a bookkeeper, monetary
chiefs and exclusive partners of the agency as properly (Nalis and et.Al., 2021). An
accounts profession actually have to be a decent speaker and moreover have storyteller to
deliver the mind into effective way. So its sizeable into this calling to have appropriate
relational competencies.
 Have an eye fixed on little subtleties: For becoming an effective account profession
definitely need to wishes to focus at the subtleties which cross approximately as an
incredibly important expertise. An accounting profession truely have to have stronger
tracks at the work and furthermore desires to guarantee its achievements through
restricting the ability inadequacies. So having this ability for an accountant critical that.
EVALUATION
While performing at organisational level within Sport & Leisure industry, there are
requirements of particular form of skills and experience. Moreover, this essentially involves
relations among calculation, data analysis and others. Additionally, the time management is
much vital for respective profession in effective way. In addition to this, person might also
having in depth knowledge related to accounting concepts and its associated software so that
they may simply execute at organisational level. In order to perform effectively with profitable
outcomes, this is crucial that person might have around two or three years of experiences in
accounting area. So, as they do have any experiences then by internships as well as entry level
task can be perform by individuals as its career opportunities positively These are the various
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competencies, experiences and knowledge that are required on accounting profession at business
level.
CONCLUSION
As per the above it has been concluded that within individual’s career skills, knowledge and
experiences are crucial. This is so Skills, knowledge and experiences works as vital aspects for
person with aids of it. Additionally, this cannot only enhances the opportunities of employment
but can also generally enters in graduates employment. In addition to this, this describes relate to
upcoming career planning and explanation. There is huge affect of globalisation as because of
that this modifies the work ways. This also impacts the particular profession by the enhancement
of multinational firms that have maximised the job opportunities for accountants. Also, with
impacts of globalisation, there is enhancement into international trade as well as investment that
have maximised the requirements of global accounting & reporting standards which would aids
in respect to harmonise the organisational financial data.
Apart from this, there are various knowledge and experiences that are needed at accounting
profession level for accomplishing the activities in efficient way. Moreover, these competencies
involve reporting, account reconciliation and so on. Additionally, there are several other skills
that are needed for developing the particular profession much effectual such as time management
communication and many others along with proficiency in Microsoft Office Suite.
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REFERENCES
Books and Journal
Aldrich, H. E. and Ruef, M., 2018. Unicorns, gazelles, and other distractions on the way to
understanding real entrepreneurship in the United States. Academy of Management
Perspectives, 32(4), pp.458-472.
Brooke and et.al., 2020. Trekking the Educator Track at a Research-Intensive University: Five
Accounts of Different Career Levels. International Journal for the Scholarship of
Teaching and Learning, 14(2), p.3.
Casey, B. J., 2015. Beyond simple models of self-control to circuit-based accounts of adolescent
behavior. Annual review of psychology, 66, pp.295-319.
Demirciftci, T., Belarmino, A., Chen, C.C. and Cetin, G., 2021. Understanding the Gap between
University Revenue Management Courses and the Job Market. Journal of Hospitality &
Tourism Education, pp.1-12.
Dutton, J. E. and Ragins, B. R., 2017. Moving forward: Positive relationships at work as a
research frontier. In Exploring positive relationships at work (pp. 387-400). Psychology
Press.
George, R., 2021. Tourism and Hospitality Marketing Principles. In Marketing Tourism and
Hospitality (pp. 3-31). Palgrave Macmillan, Cham.
Ma and et.al., 2020. Institute–hotel coordinating barriers to early career management—hoteliers’
accounts. Journal of China Tourism Research, 16(2), pp.297-317.
Nalis and et.al., 2021. From Shock to Shift–A Qualitative Analysis of Accounts in Mid-Career
About Changes in the Career Path. Frontiers in psychology, 12, p.507.
Venuti, L., 2017. The translator's invisibility: A history of translation. Routledge.
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APPENDIX
Question-1) According to you, what are the skills required for becoming professional accountant
 Numerical Skill
 Computer Skill
 Communication Skill
 All of the above
Answer-1) All of the above
Question-2) What are the general trends into the profession of Accountant
 Accounting Software
 Artificial Intelligence
 Digital Technologies
 All of the above
Answer-2) All of the above
Question-3) Whether having experience into accountant profession is beneficial for the individual or not?
 Yes
 No
Answer-3) Yes
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