Is Accounting A Hot Industry?

November 30, 2017 1:13 pm0 commentsViews: 18

By : Bella Liam*

accounting_industry“Industry” is the name given to companies (and employees) that are engaged in a particular kind of commercial enterprise – such as manufacturing, business, commerce, and trading. Some of the hottest industries – those that are characterized by stability and immediate employment opportunities – are Health Care, Sales, Customer Service, and Accounting. These industries remain stable and grow in spite of financial and economic challenges. But why is Accounting considered a “hot” industry?

The accounting industry is a professional industry that provides financial management and tax services to businesses, families, and individuals. Financial and Managerial Accounting is a process of preparing and maintaining financial information for use by managers, investors, banks and lenders. Tax planning, retirement, and investment planning for individuals and families are fundamental parts of personal accounting. For these reasons, the accounting industry is continually developing, growing, and thriving – and it offers diverse employment opportunities.

Thus, Accounting is considered a “hot” industry because of the variety of essential services it provides, its potential for continuing growth as an industry, and the diversity of opportunities it offers employees for personal and professional development. Many people may think that Accounting is a boring subject, because they find it a difficult subject to study. However, it is an interesting and challenging subject that involves mathematics skills, problem-solving skills, and high levels of accuracy and professionalism. But if you’re still unsure whether you should consider a career in Accounting, consider these 5 reasons:

1.  The Need and Demand for Accounting Services

The need and demand for accountants who are able to perform complex business transactions will continue to remain stable as long as the selling and purchasing of goods continues to grow and expand. Indeed, accounting services are mandatory in order for businesses and commercial enterprises to record financial transactions.

2.  Stable Annual Salary

Although the salary of an entry-level accountant is lower than the salary of a more experiencedgateway one, accountants earn stable salaries – and are able to increase their annual salary with experience, promotions, longevity, and seniority.

3.  Accounting is a Gateway to Success

Accounting is a gateway to other career opportunities – a solid foundation for increased professional success. Whether or not you decide to remain in the Accounting industry, the experience you gain from working in it – and the personal and professional connections you make – will help you become successful in the future.

4.  Advanced Growth Opportunities

The advanced growth opportunities offered by the Accounting industry is one reason why accountants are able to earn a stable and substantial salary. “Senior Accountant” and “Specialized Corporate Accountant” are two examples of classifications in the Accounting industry whose expertise demand an impressive salary.

5.  Wide Variety of Employment Opportunities

There are many distinct types of jobs in the Accounting industry. For instance, someone may become a senior accountant, an internal auditor, or a finance manager; and because they are highly qualified – being able to perform accounting tasks and tax duties for businesses and individuals, as well as families – certified accountants receive substantial salaries from organizations.

There will always be a demand for Accounting services because there are two departments that any business cannot operate without: the Sales/Marketing department and the Accounting department. A business will lose its commercial viability if it eradicates its Sales/Marketing department; and it will lose its ability to manage its finances if it eliminates its Accounting department. In order to survive as a commercial enterprise, a business needs to maintain both a robust Sales/Marketing department and a proficient Accounting department. If you decide to pursue a career in the Accounting industry, you will be choosing a career that is not only essential, but has unlimited personal and professional potential.

 

Bella Liam is a professional content writer. She is also an MBA, and she very well understands the principles of Accounting. She often writes articles on Accounting. She works in a recognized corporation assignment writing service, where she writes articles about Accounting whenever she is free.

(*As Edited)

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