Accounting handbook: job and immigrating opportunities

Accounting has always been playing important role in essential professions which engender the high demand abundant human resources for decades. Thus, in multi developed governments such as USA, Canada or Australia,… this occupation has a high rate in job opportunities as well as priority in Canada’s immigration plan.

Moreover, Not only accountant’s annual income reached thousands of dollars but it is also a potential immigrating chance in foreign countries.

Questions are held: We should study accounting abroad, shouldn’t we ?
Who is suitable for this profession ?
What is the potential chance for job and immigration ?
Which country is most appropriate to travel to ?
This article will eventually answer all of your remaining concerns.

1. Accountant’s Job Description

Accountant obviously is one of the most crucial cog-wheels in any company or business with the main description as bellows:

• Organizing, planning, comparing and categorizing company’s statistics.
• Documenting for arising company’s activities.
• Transmitting and processing accounting data, making periodical financial reports.
• Analyzing, evaluating and proposing financial solutions for the company.
• Monitoring and reporting periodical company’s budgetary, revenue, expenses statistics.

The Accountant degree generates more potential career’s opportunities in the future. For instance:

• Chief Financial Officer (CFO )
• Financial Director
• Tax Consultant
• Budget Analyst
• Financial Controller
• Investment Banker
• Forensic Accountant

Besides, you can have another promising pathway as a post-graduate, professors, etc all around the globe.

2. How to master the pathway to success in Accounting Profession?

Đặc thù của ngành kế toán là làm việc với những con số, sổ sách giấy tờ của các tổ chức, doanh nghiệp,… Chính vì thế, những tố chất và kỹ năng cần có của người kế toán là: 

Accountant’s particularity is working out numbers and papers for enterprises which go along with certain qualifications:

• Honesty and Loyalty: Accountants hold top – secret information of the company, especially the business operation. Therefore, honesty is a must-have virtue.
• Thoroughness: Meticulousness is an important requirement of an Accountant to ensure no errors happening during any calculations.
• Acumen: Working along with a numerous amount of numbers demands a metal mental. Whether you have a huge love for numbers and math or you have to have a logical critique in order to smoothly solve any problems related to money, papers, documents. 
• Analytical and Memorial Ability: There will be a great deal of work about revenue, expenditure arising as well as procedures needs completion periodically. Therefore, a professional accountant must be able to analyze, evaluate and combine data accurately and logically.
• Responsibilities: Disciplinal and Responsible Accountants not only always excellently complete their tasks, but also earn the trust from the headquarters of company. The financial reports validity is the accountants’ standard.

Accountant is a diversified job with high-level expertise requirements. Thus, to pursue and develop in such industry will of course; requires more than just basic knowledge.
Vital elements can also be a great contributions such as the expertise development, soft skills enhancement, multi-languages efficiency and communicating skills.

3. Potential Job Opportunities

      3.1. Job Opportunities

Accountants are the ones to capture the overall financial picture and monitor the money flow of the company. Consequently, the job market demands more and more human resources. As predictions, this profession demands will continually rising in the next five years.

Canada alone is in need for over 70.000 workers ( until 2024 ) to compensate the severe lack of employments due to aging population and economic restructuration (according to government’s labor market assessment and analysis.)

Moreover, most of Canada’s states is urging for new employees. For example, In Toronto, employments’ need is increasing by 65% annually.

     3.2. Income

The top-rank income professions always include Accountant. According to an Australia’s research, Accountants have higher annual payroll  than other professions 20% ( around 90,000 AUD / year ). In Canada, the approximate income is also around 70,000 CAD/ year.

     3.3. Immigrating Pathway

Because of the intense needs of accountant in immense markets / industries such as Canada, Australia, USA,… Accountants are always available with governmental privileges, especially  immigration opportunities. 

4. Which country is best to study abroad?

Top countries with booming economies are the “cradle” in training accounting resources.

Currently, Canada is one of the most fascinating countries that attracts a lot of international students every year.

The maple leaf country is the location of various worldwide reputable colleges, universities in Accounting Professions. Canada’s Degree has a global scale recognition because of its quality in education and school facilities. Moreover, graduated students in Canada are welcomed by employers.

Students will have diverse choices from educational level from diploma to bachelor/master in such popular institutes like Humber College, Seneca College, Fanshawe College, or Universities such as Saskatchewan, Brock University, University of Manitoba.

In conclusion, Accounting is a promising path to pursue because not only does it offer golden opportunities in employment, but It also a favor to get that permanent resident at your host country.