Accounting positions defined
Accounting is an area of practice that requires skills in several different areas in order to succeed. An accountant does not solely rely on mathematical and data crunching skills as many believe. In fact, accountants are usually legal experts in their area of practice due to the vast amount of knowledge required to deliver high quality financial information to executives, investors, tax authorities and other decision makers. There are however many different kinds of accounting ranging from Investment to Insolvency, and the role of an accountant might vary depending on his area of focus.
Accountancy Qualifications & Regulation
Accountants recognized in most countries by professional bodies that regulate the profession in order to regulate the amount of accountants in a certain jurisdiction as well as to maintain a high quality practice. Traditionally, accountants worked within public practices and sold their expertise on a consultancy basis. However, accounting has now become a profession necessary for every business, and has expanded tremendously to allow accountants to join private as well as independent bodies.
In the UK, no license is currently required to practice accountancy and be able to use the title of "accountant". But in order to use some accounting titles, a membership to one of the many professional bodies is required. For example, a chartered accountant must be a member of one of the following: Institution of chartered accountants in England and Wales, Institution of chartered accountants of Scotland or the Institution of chartered accountants in Ireland.
Accountancy bodies are themselves part of the Consultative Committee of Accountancy Bodies, and are members of the board. It is required to be part of these accountancy bodies in order to be a British qualified accountant, however, there are some other qualifications which can be awarded by non CCAB bodies which include groups such as the IFA and the AAT
Hugo Reyes writes for Insurance Jobs a leading UK based Job Search website where you can find Actuarial, Accounting, Broking, Claims, Compliance, Reinsurance, Risk Management & Underwriting Jobs.
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