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Are you a Maths student hoping to progress onto a Maths or Accounting Degree? Are you already enrolled on a professional course and want to ensure that you nail the exam? Regardless of your age, level or ambitions, a tutor can help you to advance forward in the world Accounting thanks to their expert knowledge of the subject and also the different certifications and accreditations you could be about to complete.
In the UK, accountancy members are growing, with the membership of accountancy bodies said to be growing on average approximately 0.5% year on year (based on figures for 2014 to 2018). What's more, it is thought that there are just under 165,000 students seeking to enter the profession, a number which is also increasing annually.
So if you want to become an accountant in the UK, then hiring a tutor is a great way to improve and stand out from the rest!
Accounting has a long and fascinating history, with London playing a very important part in that story. Basically, since people could carve in stone, they have been keeping records of transactions. The first English book on bookkeeping was written by James Peele in the 1500s and, with the UK'S position as a great naval country, its economic activity increased in the 18th century. Some of the earliest accountancy firms in the UK were recorded as working during the 1780s, with Bristol being among the first! Following on from that with the Industrial Revolution arriving, Britain needed a series of financial regulations and so came Companies Acts and Bankruptcy Acts and then in the 1870s, the UK Society of Accountants was formed.
Under the reign of Queen Victoria, a professional qualification and code of conduct were introduced for accountants. The industry has continued to grow and expand ever since.
Accountants help organisations and individuals to balance books, ensure that their business is in profit and by suggesting ways to reduce expenditure, which is why knowledge and skill are absolutely necessary to fill this vital role.
Accountants might work in a number of areas including taxation, auditing and management, forensic accounting, sales and acquisitions, taxation, corporate finance or debt recovery. Some might take up a position in the finance department of a company while others may deal directly with clients as part of an accountancy firm.
One of the most common things that accountants hear is that all accountants are boring. Well, this may be true for some, but there are probably a good number of boring skydivers or stunt doubles - your profession doesn't define you! Did you know, that the majority of accountants are quite well off because of an attractive salary and knowing how to budget? Besides, it can't be that dull if the likes of Mick Jagger and Eddie Izzard studied to become accountants before finding fame!
What's more, accountants do such an important job so it's a great profession to aspire to get into. Rumour has it that it was down to the accountants at the FBI that Al Capone got brought in and charged for tax evasion!
With the industry continuing to grow decade by decade, there is naturally a demand for accountants which means this is a secure profession. Every business or sole trader needs an accountant so there is much business out there for grabs, but also quite a bit of competition. There's also room for progression in this career with many accountancy firms hiring juniors who work their way up the salary scale.
Pay can be very attractive, with a poll suggesting that the average salary in 2018 for accountants from part-qualified level up to senior levels was £62,042, but there's also the possibility of starting up your own business and earning more than if you were employed.
As we've mentioned, accountants tend to be very good with their money, which comes with their training on how to manage finances.
To become a chartered accountant, you must train and qualify but entries are accepted from a wide range of disciplines. You can study with or without a degree, but the higher your level of qualification then the more attractive you'll be to employers.
You can also gain certificates in Finance or Accounting and Business (CFAB) to boost your employability as an undergraduate.
There are three institutes of chartered accountants in the UK: Chartered Accountants Ireland (oversees both Ireland and Northern Ireland), ICAEW and ICAS.
They all have equal status, but the candidate will be awarded with a different title depending on which training programme they complete. Candidates must secure a training contract a suitable employer and must prove their aptitude in maths and accounting processes during their 3-5 year on the job training course.
You can find courses and opportunities for accountants by visiting the websites of one of the charted accountants' institutes.
Accounting is a popular choice amongst UK students, but the good news is that it's also a subject that is frequently offered by tutors! At Superprof, you'll find almost 40,000 private tutors across the UK offering tuition in accounting and finance. You can learn accounting online or in person, with your first hour free in most cases and with prices to suit your budget.
Use our online directory to filter your results by area, by experience, by expertise, by chartered accounting status or institute and so on... you are sure to find the best tutor for you!
If you are unsure of anything, you can read reviews from students who have already got ahead with their accounting studies.
Hiring a tutor to support your accounting studies means that you won't fall behind and you can complete the course in the fastest possible time with the best possible result.