Are you a recent accounting graduate looking for careeropportunities in the corporate world? Then this article is meant for you.
The successful completion of your course(s) is not the endof the journey. It’s actually the beginning. To make it in today’s highlycompetitive job market, you not only need relevant academic qualifications inyour area of specialization, but you also require other skills that are nottaught in school. This means you need to be both book-smart and street-smart.Being street-smart means, you have to know how to survive in the real worldwhere competition and opportunities are few.
<p><b>The successful completion of your course(s) is not the end of the journey. It’s actually the beginning. </b></p><p><b>To make it in today’s highly competitive job market, you not only need relevant academic qualifications in your area of specialization, but you also require other skills that are not taught in school.</b></p>
To acquire work-related skills such as interpersonal skills,the ability to work with various software, or a successful engagement ofclients and other stakeholders, you need career experience where you get tolearn on the job.
However, these days getting an internship, whether paid orunpaid, is not easy. Here are some tips that will enable you to have arelatively easy time once you’ve landed that dream job.
1. Register for computerized accounting classes
Unfortunately, in this era, almost all firms do not preparetheir ledger accounts in or management accounts on paper as you are taught incollege. Companies have digitized their accounting systems and usesophisticated software such as Sun, Oracle, MC, Turnquest, Sage-Pastel, andQuickBooks to process their accounting information. Very many graduates havechallenges using such software since they first encounter them at the workplace
It’s therefore advisable to undergo training on financialapplications early enough to avoid cluelessness in the office due to theinability to use the software you are working with.
2. Perfect on your MS Excel skills
MS Excel is the basic accounting application, and everyaccountant has to learn how to use it effectively. Most advanced accountingsoftwares are dependent on this application. Once you are done with basiccomputer training, look for Excel Expert handbooks or guides and learn how toset financial formulae, formatting of cells, rows, and columns as well as howto enter data and apply mathematical tools to give the desired results.
3. Learn how to write cheques
This is one important payment method that you will neverlearn in college, but you will use it quite often at the workplace to payclients. You can accompany a relative or friend as they head to the bank andsee how they write cheques. Ensure you know how to enter details of the payeeand amount paid in words and figures. Research on cheque payment vouchers,folios, and how they are prepared and stored for future use as back-ups.
4. Familiarize yourself with iTax portal and know how tofile tax returns
Taxation is an integral part of accounting and finance inevery organization. Various taxes such as VAT, PAYE, Corporate tax, rentalincome tax, and withholding taxes have to be filed with government revenuecollection authority before the set deadlines through the online iTax portal.The filing of taxes through the portal will be easy if you learn how to workwith it in advance.
5. Learn about document filing
Bookkeeping, a sub-function of accounting, is all aboutkeeping records of transactions mostly in hard copy files. You have to be agood bookkeeper for you to become a good accountant. Good knowledge on how tocategorize, arrange documents neatly and in chronological order in a file is avital step in knowing how to store and retrieve accounting information when andas it is needed by the various users in the company.