New Changes in Accountancy - What Does this Mean for Businesses?
14 Nov 22
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It's no secret that people who know how to do accounting are in high demand. Most individuals seeking to enter the area of accounting take a rather typical, conventional path after receiving a bachelor's degree in the subject.
While some start as staff accountants, others can work more as clerks or auditors. There are also a select few who will take the numerous examinations necessary to become a Certified Public Accountant (CPA). At the University of Bolton, our BA (Hons) Accountancy course has been voted first in the UK for Student Satisfaction* and could provide the first step to your career journey.
You don't need to be like most people, though. These five unusual accountancy jobs offer a high-energy work environment in the realm of number crunching to aim for after completing your degree.
1. Forensic Accountant
Because of their sharp problem-solving skills, forensic accountants are in high demand these days. They are required to have a background in accounting, but in addition, they receive training in law and investigation techniques to solve financial crimes such as embezzlement and fraud.
Most forensic accountants find work in the financial sector, specifically with insurance firms, banks, law enforcement organisations, and government agencies.
2. Environmental Accountant
Environmental accountants analyse figures to streamline the eco-friendly initiatives of an organisation. They are a crucial component of the planning process that enables businesses to use resources effectively while remaining profitable and in compliance with environmental requirements.
The need for fresh and imaginative ways to "go green" has increased in recent years, and most environmental accountants are employed by commercial companies, government agencies, and industries such as oil and mining that produce and manufacture natural resources.
3. Sports Accountant
Sports accountants record scores in an entirely different manner than professional athletes. Spectator sports companies utilise accountants to manage payroll, cash flow, and ticket pricing. In addition, they may aid their organisations with media and advertising partnerships and ensure that players remain inside a league's pay cap rules, among other vital business considerations. Although experience and knowledge of sports management are a bonus, they are not required for the position.
Nonetheless, it is crucial to remain current on the ever-changing legislation and trends within your sports industry to plan or modify your plans as necessary.
4. Government Accountant
To properly monitor their financial plans and objectives, government entities require the services of qualified accountants. These accountants manage public finances and conduct financial audits to guarantee that monetary transactions and distributions are carried out correctly. In the same way, politicians do, government accountants work for the constituents they are responsible for, and they are well-versed in monetary policies, laws, and regulations, making them an essential component of the legislative process.
5. Celebrity Accountant
Hollywood may not seem like a haven for accountants, but it is. Celebrities need reliable financial advisors to help them manage their finances.
Not just the jet-set Hollywood A-listers need accounting help. Movie studios and production companies for film and television need skilled accountants with knowledge of copyright law and royalties to oversee production expenses. Someone must run the numbers to determine whether the studio can afford to hire that A-lister for the upcoming blockbuster.
Many companies provide accounting-related work opportunities, and if you want to stay in the entertainment sector, you might also want to investigate the gaming and music industries for even more exciting employment opportunities.
Accounting employment is available in all types of businesses, and if you're looking for a "fun" accounting job, think about your hobbies and interests. How about fashion, entertainment, and the environment? There is a good chance that you will be able to harness your interests to achieve your dream job. If you want to work in accounting but aren't looking for a traditional CPA position, look into above mentioned unusual accountancy jobs.
Study at the University of Bolton
If you’re looking into studying an accountancy degree, then the Association of Chartered Certified Accountants (ACCA) is something you need to be aware of. At Bolton University, we are proud to share a gold partner status with ACCA meaning that our accountancy students are guaranteed the quality teaching they need to complete their studies with the best possible degree. With our inclusive and supportive learning environment, and our dedicated team of lecturers, students gain access to the latest practices and theories of accounting, helping them attain the relevant knowledge to gain entry into the industry.
Interested in joining the Bolton family? Come and visit us at one of our upcoming Open Days! Explore our £4 million Institute of Management building; the happy home to our BA (Hons) Accountancy students.
Need more information? Contact us at firstname.lastname@example.org or call us on 01204 903807.
*Complete University Guide – 2023 - UK
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