Whether you are a writer, doctor, lawyer, or business owner, no matter your job, every profession has its own unique challenges. The accounting industry is not different and excused for having problems. A professional, certified accountant has a competitive career description due to its offered professional development and financial opportunities.
Heads up to all aspirants for becoming a certified accountant! It’s not going to be easy, but like they always say, you will encounter different hurdles ‘til you reach success. If you’re one of the students taking a chartered accountant course, here are some usual struggles you may face once you officially become a registered, certified accountant.
1. YOU MAY FIND YOURSELF IN A REPETITIVE TYPE OF WORK
If you find numbers and currencies pleasing, then being a certified accountant is really calling you out. However, if you work in well-known, established accounting firms or companies across the country, you would know that doing repetitive audit work is most likely to happen.
2. THERE ARE HIGH CHANCES OF WORKING OVERTIME DAILY
One thing you should be aware of while taking a chartered accountant course is that you will most likely work overtime almost every working day once you become certified. CA professionals often work up to 80 hours per week when managing massive events in the fiscal year or when they collect taxes.
3. IT PROMOTES COMPETITIVENESS
After getting their accounting certification and graduating with an accounting course, most people have grown naturally into more driven, intelligent, and focused individuals. It’s definitely not a career you can float into, as the tasks require competition and can get intense.
4. YOU HAVE TO FOCUS UNDER PRESSURE AND WORK WITH GRACE
Even with long working hours or tight deadlines, being a certified accountant means working under pressure and with utmost grace, ensuring that every financial detail is accurate.
5. THE TRAINING IS NEVER-ENDING
After taking a chartered accountant course, the training will continue to push through, as you also need to go through professional development before entering this field and working for firms.
6. DEADLINES ARE NON-NEGOTIABLE, UNFORTUNATELY
Unfortunately, working as a certified accountantalso means being wise with time. Meeting deadlines is critical. If you miss one, your client may charge you with a fine. So, if you’re the type who pushes things up to the last minute or likes cramming, accounting may not be the best option for you in college.
7. YOU NEED TO BE KEEN ON DETAILS
If you like paying attention and are detail-focused, you can use that skill so much in being a certified accountant. As CA professionals, you should watch out for the details in your client’s financial matters, even the cents.
Though a certified accountant is on the rise and will always be in demand, there are several challenges that all accounting aspirants should know and be aware of, such as these seven, to understand the career and life of CA professionals.
If you are keen and curious about how to become a chartered accountant, let ICAEW Singapore equip you with the best knowledge about it. Give them a call or enquire on their website today!
