Why study accounting?
Accounting is in every part of business. However, it is not only people who want to become accountants that will benefit from an accounting course. Accounting courses is for anyone who wants to learn to be more hands on with finances. Every business needs someone to look after their finances. Even a household is like a business. If you want to learn more about budgets, financial planning and strengthen your analytical skills, accounting courses can assist you. If you are already working in the financial field, but aim for a promotion or want to add an extra to your qualification, have a look at the variety of accounting courses available to strengthen your resume and land you that dream job.
What do the abbreviations mean?
Studying accounting, you will soon learn that the industry jargon has many abbreviations! We will quickly look at the different bodies and courses:
ACCA is the Association of Chartered Certified Accountants. They design their courses for people who want to work in an accounting position at a small or medium sized company.
CIMA is the Chartered Institute of Management Accountants and they have courses that focus on analysing information, formulating business strategies, identifying and managing risk, planning and budgeting. Management Accountants merge accounting, finance and management in order to make educated business decisions.
ICB is the Institute of Certified Bookkeepers and they train students to work in any area of bookkeeping. They offer courses for people who want to become a Junior or Senior Bookkeeper. Those qualifications guide the student on the way to becoming either a Technical Financial Accountant or a Certified Financial Accountant.
Each of these associations and institutions has courses available to suit your specific career needs. It is up to you to decide what accounting field you want to enter.