How to Become an Accountant: 6 Steps

Starting a career in accounting requires having a strong grasp of numbers and financial concepts. Future accountants should anticipate a strong job market with room to grow across a range of industries.

Forensic accounting and financial analysis are just two of the professions in accounting that provide a steady career path for those who are meticulous.

Accuracy, moral rectitude, and a commitment to lifelong learning are essential in this field in order to stay abreast of evolving financial regulations and procedures.

Becoming an Accountant

Accounting professionals play a critical role in business by managing financial records, ensuring legal compliance, and advising on general financial health.

An accounting career requires strong analytical skills, proficiency in mathematics, and a solid understanding of economic patterns and fiscal policies.

With the advent of technology in finance, accountants also need to be adept at using financial software and understanding digital data management.

The career path offers diversity, with accountants working in public firms, corporations, government agencies, or running their own businesses.

Step 1: Undergraduate Degree

To start, one needs a bachelor's degree in accounting or a related field. This four-year program lays the foundation in core principles such as financial accounting, managerial accounting, auditing, and taxation.

Business law and ethics are frequently included in accredited programs, giving graduates a broad range of skills.

It's crucial to choose a degree accredited by a recognized body, like the Association to Advance Collegiate Schools of Business (AACSB), to ensure the education meets industry standards and aids in future certification pursuits.

Step 2: Skill Development

In addition to academic knowledge, key skills such as analytical thinking, communication, and problem-solving are vital. Accountants must interpret complex financial data and communicate findings clearly.

Proficiency in accounting software and spreadsheets is necessary. Attention to detail ensures accuracy in financial reporting.

Developing these skills can be through elective courses, workshops, or self-study, and they are equally important for career advancement as formal education.

Step 3: Internships

Gaining hands-on experience through internships is invaluable. Internships offer a glimpse into the accounting world, allowing students to apply theoretical knowledge in real-world scenarios.

They can network, learn from seasoned professionals, and understand workplace dynamics. Often, internships lead to job offers or at least provide a significant edge in the job market.

It's advisable to seek internships in various accounting departments or firms to broaden understanding and skillset.

Step 4: Entry-Level Position

Securing an entry-level position is the next step. These roles, such as a junior accountant or audit associate, provide practical experience in the accounting field.

Responsibilities may include assisting with audits, preparing financial statements, and completing tax returns. This stage is about learning from practice, refining skills, and understanding the industry's inner workings.

It's also a time to consider further certifications like becoming a Certified Public Accountant (CPA), which can open up more advanced career opportunities.

Step 5: Certification

While not mandatory, obtaining certification, such as the Certified Public Accountant (CPA) designation, is highly recommended and often preferred by employers. It validates professional expertise and opens doors to higher-paying roles.

The process involves passing the Uniform CPA Examination and, in most U.S. states, completing 150 semester hours of college coursework ?30 hours beyond the typical bachelor's degree.

Some states require professional work experience before certification.

Step 6: Continuing Education

For accountants, learning never stops. Continuing professional education (CPE) is essential to maintain certifications like CPA and to stay abreast of the evolving financial regulations and accounting technologies.

Accountants must complete a set number of CPE hours usually every two years, depending on the state. This commitment to lifelong learning is crucial for career longevity and advancement.

Types of Accountants

The accounting profession offers a variety of specializations. Tax accountants specialize in preparing tax returns and advising on tax strategy. Auditors assess financial operations and ensure the accuracy of financial records.

Forensic accountants delve into financial records to uncover potential fraud and may testify in court cases.

Each area demands specific expertise, and professionals often pursue additional certifications, like the Certified Fraud Examiner (CFE) for forensic roles, to enhance their qualifications and job prospects.

How Long Does It Take To Become an Accountant?

Completing the path to become an accountant typically requires at least four years for an accounting bachelor's degree. Pursuing the 150 semester hours for CPA certification often adds one to two more years.

Passing the CPA exam and fulfilling the experience requirement for certification can extend this timeline.

Overall, it takes an average of seven years to become a fully certified accountant, though timelines vary based on individual goals and whether one pursues part-time or full-time study.

Pursue a Career as an Accountant Today

Begin your journey toward a fulfilling accounting career today. With steadfast commitment to education, continuous skill refinement, and obtaining certification, a thriving future in this vital and dynamic field is within reach.

The investment in time and education is a meaningful step toward securing a profession that offers stability, diversity, and ample opportunity for growth.