Future Scope After Taking Accountancy

Are you currently taking your Accountancy 12 classes? You're probably thinking about what to do next after finishing the course. Fortunately, the field of accounting has always been in demand, especially since businesses rely heavily on the practice.

So what are your prospects once youaceyour Accountancy 12 classes? Careers in accounting or finance are your best bet. Accountants are highly respected in the industry — they are in charge of keeping financial records, auditing and tax management, and securing financial data via backups.

Here is a more in-depth guide to your options after taking Accountancy 12 classes:

1. Finance manager

Finance managers take care of the financial health of an organisation. Simply put, they produce financial reports, manage investment activities, and develop strategic plans for the company's long-term goals.

Most finance managers work in banks, insurance companies, and other organisations that deal with funds and investments. These experts can act as controllers, treasurers, credit managers, and even risk managers, depending on their organisation's requirements.

2. Certified public accountant

Also known as CPA, a certified public accountant gathers, maintains, and reviews financial statements for companies. Some CPAs may also work for individuals, filing tax forms and signing off audits.

Aspiring CPAs must first secure certification from the right bodies in their respective countries. In India, one must take and pass the Uniform CPA exam given by the American Institute of Certified Public Accountants (AICPA). This certification is accepted globally, allowing holders to pursue better careers.

3. Chartered Management Accountant

Achartered management accountant analyses financial information from a management perspective. This approach, as opposed to the compliance perspective, is used more to improve business performance.

A qualification from the Chartered Institute of Management Accountants (CIMA) is needed for you to become a chartered accountant.

4. Further Studies

It's also possible for you to continue with your studies after taking Accountancy 12 classes. There are master's courses in accounting, as well as postgraduate diplomas.

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