What is accountancy?

Accountancy is all about collecting and recording financial information about a business, then using that information to support management and other stakeholders as they make decisions about the business.

Generally, bookkeepers deal more with data collection and entry. Accountants then prepare and present financial statements, offering advice and consultancy along the way. Accountants can even function as business strategists, working closely with staff and managers throughout their day-to day-work.

What’s accountancy like in financial services?

You could work in any of the following areas:

  • Management accounting or bookkeeping
  • Financial accounting or bookkeeping
  • Financial or corporate reporting
  • Auditing
  • Taxation
  • Forensic accounting
  • Business strategy
What skills do you need?
  • Computational and technology skills, including proficiency in accounting software
  • Advanced analytical and problem-solving ability
  • Ability to analyse complex data sets
  • Ability to work in a team, both in leadership and collaborative roles
  • Ability to approach issues from multiple perspectives
  • Ability to tactfully deal with sensitive information
  • Project management skills
  • Logical decision making and strategic and creative thinking abilities
What qualifications do you need?
  • Relevant university degree
  • Relevant work experience
  • Professional accreditations from organisations such as the Association of Chartered and Certified Accountants (ACCA), Institute of Financial Accountants (IFA) and Chartered Institute of Management Accountants (CIMA)