A career in computer accounting is one of the most challenging and rewarding careers to go after. Pursuing computer accounting opens doors for you to countless opportunities in the accounting and finance sector.
Candidates wanting to pursue a career in computer accounting can seek various accounting courses offered by different establishments at different levels in India.
The following article incorporates a complete guide for you if you are wanting to seek a career in computer accounting.
Now, before starting with the careers in computer accounting, let’s get to know what exactly computerized accounting is?
Initially, the accountants used to do bookkeeping through pen-and-paper techniques but now due to advanced IT developments, bookkeeping has taken a new turn towards computerized accounting.
With the ascent of new technology developments, it has become simpler and more proficient to keep up bookkeeping records for all deals of an organization.
The introduction of computers to accounting has made the entire complex accounting process easier to do and now consumes less time and energy to function it.
Having a degree in computerized accounting shows that you have the right knowledge concerning the software used for accounting to deal with the accounting movement of an overall business.
Pursuing this course can overhaul your abilities and training and lead your way to build a successful career in this field in a limited time frame.
Computer accountants are the same as other bookkeepers but the difference is that the computer accountant is supposed to put together the financial statements of a business firm in a computerized arrangement.
The computer accountants are capable of entering day-to-day monetary transactions of the business firm in the book of records.
A computer accountant is responsible for keeping a thorough record of the profits and losses and the assets and liabilities of the company.
A computer accountant ought to keep up with the monetary records consistently so that it assists the association with making decisions concerning the betterment of the company.
The qualifications of the computer accountant vary depending on the nature of the role they are getting recruiting for. Following are some of the roles or functions of the computer accountants:
Financial Data Management– The most significant role of an accountant is to gather and record consistently the association’s financial information. They another essential responsibility is to ensure that the monetary records must be done keeping in mind the lawful compliances and endorsed strategies.
Financial Data Analysis– After completing the preparation of financial statements, the next step is to analyze them before communicating them with the users. There are many chances for monetary wrongdoings or errors in the financial statement, so the computer accountant investigates all the monetary information thoroughly to determine these errors and also suggests solutions to these issues.
Financial Compliance Auditing– They are additionally responsible to follow every one of the legitimate compliances identified with financial reporting deadlines to avoid penalties in the future.
Advisory Role-They is likewise responsible to give monetary guidance on business tasks which incorporates data in regards to the revenue trends, financial commitments, and profit opportunities, and so on according to the monetary reports.
Financial Report Preparation– The most significant role is to prepare the financial reports of the business firm on a yearly or monthly basis to ensure the consistent flow of financial information to its users.
The vast majority of the academic institutions are available which offer various options in diploma or graduation courses to seek after a profession in computerized accounting.
To select a course in computerized accounting, the candidate more likely to have cleared the senior secondary level exam from a perceived education board, and similarly, few courses ask for a graduate degree as well, as a minimum requirement to study computerized accounting.
To pursue a career in computerized accounting, you need to follow the below-mentioned steps carefully:
Step1: The very first step is to decide which course or university you are going to apply for to study computerized accounting. you can pursue any bachelor’s degree in commerce.
Step2: After deciding on the course, you need to check the eligibility criteria and you must satisfy the same to secure admission in your selected course.
Step3: Once you complete your bachelor’s degree, you can register yourself for a diploma course in Computer Accounts and can do side by side internships in Computer Accounting.
Step4: You can also do masters in computerized accounting to increase your qualification and recognition
Step5: Once you are done with your education, you can apply for jobs and start working.
Also, remember that some courses or institutions might ask for some entrance exams to qualify by the applicants to study computerized accounting.
Following are some of the popular bachelor’s degrees, one can consider pursuing graduation in computerized accounting:
- Com or Bachelor of Commerce (Hons).
- BBA or Bachelor of Business Administration in Finance.
- Com or Bachelor of Commerce.
- BBA or Bachelor of Business Administration in Banking and Insurance.
Following are some of the popular master’s degrees, one can consider pursuing post-graduation in computerized accounting:
- MBA or Master of Business Administration in Banking and Insurance
- Com or Master of Commerce in Taxation
- Com or Master of Commerce in Banking and Finance
- Com or Master of Commerce in Accounting
- Com or Master of Commerce in Accounting and Finance
- MBA or Master of Business Administration in Finance
To seek after a profession in computer accounting, one must have the following mentioned skills:
- Problem-solving skills
- Knowledge of tally
- Mathematical inclination
- Knowledge of computer accounting software
- Analytical skills
- Communication skills
- Faith in moral practice
- Good understanding of accounting principles and concepts.
- Ability to work for long hours
The compensation offered to a computer accountant depends on the level of job position you are holding in the finance division. The average salary for a computer accountant ranges between Rs 1-2 lakhs per year in India.
However, salary increments happen consistently for the representatives having experience.
On the other hand, the position of Chartered Accountant (CA) in the private area gets attractive compensation. Those working in government areas procure compensation of 3.5 lacs each year with different remittances.
- The Institute of Professional Accountants offers Computer Accounting Courses in Delhi
Following are the list of top recruiting companies where one can apply for a job of computer accountant :
- Auditor General Office
- Bharat Electronics Ltd
- Income Tax Office
- ITC Limited
- Tata Motors
- Ujjivan Financial Services Ltd.
- Vedanta Ltd
Accounting and finance are the most significant part of the corporate world. Be it any company the need for accountants is vital. Therefore following are some of the popular sectors in which the job positions are offered for computer accountants:
- Investment Sector
- Insurance Sector
- Human Resource Departments
- Banking sector
- Finance Sector
- Budget Analysis
- Management Accounting
- Real Estate Finance