Finance is a broad field encompassing many different professions. Recent high school graduates might find themselves in a quagmire while trying to decide which training courses to take relevant to the careers they want to pursue. Not only that, people already working in the field may find themselves wondering what they could do to improve their skills.
There are many training courses available to different people. Depending on your age, previous qualifications and other factors, choices accessible may vary. The following are some subsets of finance and the various courses that go with them.
While the terms bookkeeping and accounting have been used interchangeably by different people over the years it is important to assert that they mean different things. A bookkeeper’s main duty is to record financial transactions while an accountant’s main duty is to analyze financial records.
Accountants will, however, have knowledge of bookkeeping as it is entailed in their learning curriculum. The same cannot be said of bookkeepers in regards to accounting. Here are some of the courses available:
Rather than take a bookkeeping course it is advisable you take an advanced accounting course which will also impart bookkeeping skills. It will also give you a few extra skills that could prove useful.
This is one of the more rampant finance professions in Australia at the moment due to the big number of businesses. The duties of an accountant include analysing financial records, reporting on findings and also advising on financial matters. To be able to perform these tasks one must have knowledge of the subject matter which can only be gotten through taking various courses on the subject.
Listed below are some of the certification awards that come with taking part in various accountancy training courses.
Accountant courses vary in intensity with the certificate courses being regarded as entry level while the master levels are regarded very highly, to complement any level of education would be experience through an accounting training program, head over here for more information on accountant training.
The above list is however not comprehensive. Also, an accountant with higher qualifications will definitely earn more in terms of salary than his/her counterparts.
Knowledge of accounting may however not be enough when it comes to big companies. Most will use enterprise accounting software to assist in the various processes involved. An accountant who does not know how to use or operate these systems may thus be rendered redundant.
Most modern degree courses will include enterprise accounting software in their coursework. For those not lucky enough to have taken classes on the same while getting their degrees, it might prove useful to take a class or two.
Another course that accountants can take to enhance their professional marketability is taxation law. Added on to previous knowledge in accounting this would effectively position them as tax accountants which is a whole different profession altogether.
Financial planning is a lucrative career with planners earning as high as $110,000 per year. However, it is a very specialised career meaning that you will have to take several courses, training and finance internships before you can be recognised as a financial planner, visit here if you need more details on financial planning training.
Here is a list of some courses on financial planning.
Courses in financial planning are offered at higher levels starting from the degree level onwards. This is because of the high level of specialisation required.
If you consider your current position, previous qualifications and the direction you want to take your career, it should be an easy enough task to choose the right course for you.