Accountancy Jobs in Peterborough

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Accountancy Jobs in Peterborough

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How do I get in?

You will need the equivalent of A-levels to train as an accountant. Most accountants have a first degree and then go on to take professional qualifications.There are no formal entry requirements to become an accounting technician but most employers ask for GCSEs.

Careers in Peterborough, What job could I do?

Audit - an external audit involves checking the accuracy of a client's accounts; this is the bread and butter work of accountants. An internal audit of a company is for the managers' eyes only and can highlight abnormalities including fraud

Financial Management - this role involves controlling the purse strings of an organisation, forecasting revenue and expenditure and setting future budgets

Taxation - accountants calculate tax for a client and negotiate with the Inland Revenue if the amount owed is in dispute. They could offer to formulate a tax plan, advising clients of the best ways to minimise the amount of tax they pay

Insolvency - accountants are often the first on the scene of failing business. They may act as administrators, assessing the business to see if it can be turned around. They could also act as receivers, selling the company, or as liquidators, finalising any last payments before the company is dissolved

Consultant - due to their intricate knowledge of tax laws and finance in general, accountants and accountancy firms are increasingly seen as business advisers. They might review the viability of company expansion, eg opening an office abroad, or the acquisition of another company

Accounting technician - this is a support role to an accountant. A technician may check clients' receipts and other documentation and call them with queries. In smaller companies they are often responsible for the running of the accounts department; this could develop into a managerial role.

Pros and Cons?

Pros

Accountancy is a well-paid and secure job

An accountant meets a variety of clients.

Cons

The training is very demanding

The work can be routine and tedious to some.

Earning Potential?

Earnings vary greatly from company to company and by region. A trainee can expect to earn £16,000-£18,000 in the north of England and around £24,000 in London. Newly qualified chartered accounts (after three years of training) can expect to earn up to £42,000 with leading firms in London. The salary increases with experience and some areas of accounting are better paid than others.

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