Accounting is one of the most desirable and financially rewarding careers in Canada, attracting the interest of hundreds of thousands every year.
Accountants are an elite group of intelligent, practical, and money and math savvy individuals that help make the world economy more transparent and financially responsible.
Accountants always seem to be in high demand - money is part of our daily lives and essential to the functioning of households, businesses, organizations, institutions. Even as individuals we need to account for our income and spending to file taxes or save for a big purchase like a house or a car.
Accountants are always needed to help keep people organized with their money, to provide data for taxation, make sound fiscal decisions, and allocate budgets. With so many different individuals and groups requiring help and support to stay on top of their finances, it’s no wonder there is always someone hiring an accountant!
This article is for anyone wondering whether or not accounting is the right career for them. If you are thinking of becoming an accountant, keep reading to learn all about this amazing career choice!
What skills are valued in an accountant? A good work ethic, strong mathematical skills, and organization are just a few!
Why is Accounting Such a Popular Career Choice?
When we think about accountants, what comes to mind is usually a staffer that wears drab suits or is constantly plugging numbers. The reality is that accounting can be an incredibly exciting career where you get to work in some of the most exciting and dynamic workplaces.
Whether you picture yourself supporting small business owners in your neighbourhood, helping families keep their finances organized, or being part of an innovative health care or technology company, you can certainly play an important role as an accountant.
It’s important to remember that there are many different types of accountants that work at different pay scales and have a variety of academic backgrounds. One thing that all accountants likely share is a passion for numbers, problem solving, and organization. Here are three popular reasons you should consider becoming an accountant.
Financial Stability
What makes accounting such an alluring career? Let’s start with the most obvious reason: financial stability. As an accountant, you can generally feel confident that you will always find work. As we discussed earlier, money is an integral part of our economy, and organizations and individuals will always need an accountant to help stay organized.
Accountants can make fantastic salaries, especially as you gain more qualifications, expertise and experience. Chartered accountants make an average of $90,163 in Canada, but you can apply your expertise to a leadership role and make so much more.
A Broad Range of Career Pathways
Accounting is an area that is interdisciplinary with so many pathways to choose from. If you like working with individuals and families, you can be a personal accountant that helps people do everything from filing taxes to providing important advice that will help households achieve big financial goals.
Do you aspire to have the prestige that comes with working for a large company? Build your corporate accounting and business skills and aim for a leadership position. Do you prefer working in a socially-conscious, non-profit environment? Pursue your passion and interests and work for a charity or government organization.
Accounting is Challenging and Rewarding
Those that love applying mathematical and problem-solving skills will find that accounting is a great profession to be in. As an accountant, you will be keeping companies, organizations and individuals organized, helping them to maximize their financial positions and make informed decisions about the areas they choose to invest in. As an accountant, you will make a huge impact on how society functions, and support the success of so many people.
To become an accountant, you will need to take a lot of courses and a rigorous certification pathway. Find out more.
What is Corporate Accounting?
Corporate accounting is all about working in the accounting department of an incorporated business. Unlike personal accounting, where you work with the financial information of an individual or a household to file taxes or support financial goal setting, in a corporate environment you will be dealing with an entirely different set of problems.
In the corporate world, you will likely be dealing with money on a much larger scale depending on the size and scope of the business. Incorporated businesses have a completely different set of taxation laws and rules, so there is a lot to learn about how to file different types of spending. Corporations can also be quite complex, have different branches and financial products accessible to them.
Depending on your role in the business, you could be doing a number of different things. Large corporations will typically have large accounting teams, or outsource their work to firms that specialize in their line of business. Some accounting staff may be primarily focused on organizing incoming revenue, others may be more involved in the financial strategy of the organization.
The benefits of working in a corporate environment are significant. Unlike smaller businesses, there may be more room for advancement and increasing your pay.
You will also be exposed to a wide range of professional experiences, which will serve your curriculum vitae if you want to continue growing in the corporate accounting space. However, you may also have a busy and career focused lifestyle, which may or may not be ideal depending on your personal goals.
The best way to determine if corporate accounting is right for you is simply to work in the field. If you love it, you will surely have a long and exciting career! If you dislike the demands of the field, you can always change your pathway with all the new skills you have acquired.
Are you in high school and trying to figure out which career to pursue? Accounting should be on your list!
Where Can I Find Accounting Courses Online?
Accounting courses are easy to find online at any college, professional school or even a university. The main thing to consider is what type of accountant you want to be, and what level of certification you want to have.
Chartered accountants have the highest level of qualification and require the completion of university degrees. If you are looking to become a Chartered Accountant, you will want to speak to the appropriate departments in the universities you want to apply for, or determine which universities have the best accounting programs for you to pursue.
To gain entry into any university for a business or accounting program, you will need solid grades in academic English and Mathematics courses from secondary school, as well as a well-rounded resume to make your application competitive. If you are determined to complete your degree online, you will need to make sure that your credits are completed virtually.
If you are looking to work in more of a bookkeeping role, you can find plenty of online programs in bookkeeping and accounting in community colleges and online business schools. Many of these programs will require a high school math credit, an academic bridging program, or a prior assessment to determine if you have the right math skills to be successful.
Some courses you can simply sign up for. Choose the right course by identifying what your own personal career goals are. For example, if you want some general knowledge to manage your own small business or to upgrade skills for an existing job, you may simply need a single course or set of courses to acquire the knowledge you need to do your role.
How much money can you make as an accountant in Canada? Accountants are high earning professionals whose skills are always in demand.
Do Colleges and Universities Offer Accounting Assignment Help?
There will be times in your learning that you simply want some extra help, another set of eyes to check your work, a mathematical concept explained, or simply someone to talk to about your program.
Academic support is often offered in colleges and universities for students that need it. To find out what your school offers, visit your student services office or website to see if there are academic drop in centres.
Accounting is one of the best careers you can pursue: it pays well, offers stability, and is one of the most well-respected professions. Learn all about accounting careers in Canada.
Is an Accounting Coach or Tutor Worth it?
If you are determined to be a success in the accounting program you have chosen, it is totally worthwhile to consider hiring an accounting program coach or tutor.
A private instructor can help you to understand challenging mathematical concepts in finance and taxation, help you navigate new algorithms, or review your problem solving processes. They can provide individualized feedback on your work, and offer insights on the field from their own professional experiences to make the accounting class even more stimulating.
Finding a private accounting tutor is easy on Superprof Canada. Superprof contains listings of accounting tutors near you that can offer their skills and expertise to help you in your learning. Simply use the search tool on the site to find an accounting tutor in the area you are looking for, and you will see profiles of tutors who are available for work.
They can work with you remotely online, or safely in person. The site enables you to contact a tutor directly through the site, and makes it easy to organize payment through Paypal or the site itself.
Find online accounting courses on Superprof today!
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