Education

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Careers
In
Accounting
Introduction
Eligibility
Job Prospects
Remuneration
Institutes
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Introduction
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The purpose of accounting is to provide a means
of recording, reporting, summarizing, and
interpreting economic data. In order to do this,
an accounting system must be designed. A system
design serves the needs of users of accounting
information. Once a system has been designed,
reports can be issued and decisions based upon
these reports are made for various departments.
Since accounting is used by everyone in one form
or another, a good understanding of accounting
principles is beneficial to all.
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Eligibility
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The basic educational qualification for pursuing
a career in Accounting is taking 102 with
Commerce as the main subject, followed by a
bachelor degree in Commerce. For Post graduate
courses such as M.Com one needs to have B.Com at
graduate level. Along with subject specialization
computer literacy is also essential. One must
take a course in computer accounting software's
such as Tally or some other related diplomas. One
can further take up more advanced positions by
doing ICWA, CA, Company Secretary ship or an MBA
in Finance.
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Job Prospects
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Employment of accountants and auditors is
projected to grow 11 percent from 2014 to 2024,
faster than the average for all occupations. In
general, employment growth of accountants and
auditors is expected to be closely tied to the
health of the overall economy. As the economy
grows, more workers should be needed to prepare
and examine financial records.
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Remuneration
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An Accountant earns an average salary of Rs
198,884 per year. Most people move on to other
jobs if they have more than 20 years' experience
in this field. The highest paying skills
associated with this job are accountant, Tax
Compliance, and General Ledger Accounting.
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Institutes
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Kakatiya University Department of Commerce and
Business Management, Warangal (Telangana) Aditya
PU college, Bangalore (Karnataka) Indira College
of Commerce and Science, Pune (Maharashtra) Barod
a Institute of Management Studies (BIMS),
Vadodara (Gujarat)etc