What does a Chartered Accountant do?
Chartered accountants provide financial and business advice to help companies thrive and meet statutory requirements. This might involve services such as financial reporting, taxation, auditing, forensic accounting, corporate finance, business recovery and insolvency, or accounting systems and processes. Accountants tend to work in practice – supporting a range of clients, or in-house – focussing on the needs of their own organisation.
What skills does a Chartered Accountant need?
- Commercial awareness and an interest in and knowledge of business
- Excellent mathematical skills and strong analytical skills
- Organisational and time management skills, as well as self-motivation and commitment to the career in order to complete studies whilst working
- Strong written and verbal communication, as well as interpersonal skills
- A proactive, methodical approach to work
- Problem-solving skills and the ability to work accurately
- Negotiation skills
- The ability to lead and effective team working skills
- Motivation, adaptability and the ability to use your initiative
- Integrity, discretion and trustworthiness.
What is the difference between an accountant and a chartered accountant?
The main difference between an accountant and a chartered accountant is that a chartered accountant is more highly qualified, experienced and is a member of a professional body. The chartered accountant is also more specialised in a range of important areas.
How to become a chartered accountant in the UK?
Entry into chartered accounting is open to graduates from most disciplines, however strong mathematical skills will give you an advantage. You will also need to pass accredited exams after a minimum of three years of relevant work experience from accredited companies.
- BSc Accounting with Finance
- MSc Corporate Financial Management
- MSc Corporate Financial Management Online
How much do chartered accountants make?
Chartered accountant salaries can vary greatly, as it depends on the size and location of a firm, and the type of work they carry out. However, graduates could earn up to £40,000. Experienced chartered accountants can make between £70,000 and £100,000, with an average yearly bonus of £17,000.
For more information on jobs and what to expect from this career, please visit some of the most widely used sites for careers support.