Question

Q1 Why did you choose becoming an accountant as your career? Discuss both occupations (financial broker...

Q1 Why did you choose becoming an accountant as your career? Discuss both occupations (financial broker and Accountant) viability, desirability, the changes occurring the label market from automation and globalisation. Discuss three relevant factors to your personal circumstances to choose an accountant as a career. (Approx 250 words)

Q2 - Detail specific goals to achieve within 4 years that align with the chosen occupation (accountant). For each goal, describe how you will reach the goal by detailing an opportunity you can participate in and providing a time frame for completion. Discuss strategic thinking behind the choice of goal and opportunity by drawing upon the occupational information. (Approx 300 words)

Activity focus

Goal

Opportunity

Timeframe

Rationale (strategic thinking)

Qualifications

My goal is to complete my current degree of commerce (accounting) within next year with high academic grades. Moreover, I also want to open my own accounting firm hence my objective is to complete a charted accountant exam within the next 5 years.

Working voluntarily in accounting firm will be a great opportunity to understand accounting concepts and practical work. This will improve my knowledge and help understand the topics in depth. Moreover, this will also assist in getting good grades.

I want to finish my accounting degree within next year and want to complete CA exams within 5 years.

Information interview

Grow relevant network

Enhance proficiency in occupational requirements

Nurture interest in occupational requirements

Enhance professional identity

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Answer #1

Answer to Q1

As we all know in this scenario of companies mass employee attrition one career which stands intact in current corporate field is Financial advisors.A career in accountancy not only gives us the opportunity in handling accounts related exposure and knowledge of corporate workings but also enhances other skills such as leadership qualities, team building and communication skills which helps the person in having a great deal of job satisfaction since it includes helping and working directly with people.

As far as money is concerned in this career high packages are being offered from the very beginning of career. Apart from that one can earn through various other sources through his professional knowledge from many platforms such as taking projects related to tax consultancy and accounting services together with the job.

The changes which are occuring in current scenario of the market due to globalisation and automation includes easy access to services at relevant lower cost which used to be provided by a personal consultant, in short everything has become automated and has been converted into a software where a person or say a layman just have to put on the values and his queries will be resolved known as expert system which has been made by the experts as per their experiences and acquired knowledge during their lifetime which has ultimately resulted into loss for the professionals of such a prestigious field.

Relevant factors which led to choose accountancy as a career are as follows:

  • High salary expectations: As already discussed, out of many careers it has a promising packages from a very initial time of the career and with the increasing experience in the field leads to high promising career with that gates to many other fields also get open globally.
  • Wide career development opportunities: As already discussed, it provide different opportunities to a single person to choose a career of its best interest since accounting profession includes taxation, auditing, investment banking, transfer pricing etc, Suppose a person of auditing field wants to quit auditing and thinking to start a career in transfer pricing he can very well start with chosen option since the basic of every field is quite similar and he can adopt the  techniques of transfer pricing with its prior knowledge of auditing field which is quite not possible with other professionals like that of an engineer.
  • Social Status and education environment: We heard it many a times that people follow others like herd of sheeps in certain careers and accountancy is one of them since it requires a little less efforts to start the basic accounting which can be passed from one person to other by sharing knowledge and with the time of experience in his field. In my personal experience I came across such situation where a person not having much qualification also possess the knowledge as an expertise holds. Thus, career in accountancy such as being a chartered accountant or a company secretary gives a social status of being highly qualified ultimately holds respect in the eyes of people.and thus lead to choose a career.

Answer to Q2

Activity focus

Goal

Opportunity

Timeframe

Rationale (strategic thinking)

Qualifications

My goal is to complete my current degree of commerce (accounting) within next year with high academic grades. Moreover, I also want to open my own accounting firm hence my objective is to complete a charted accountant exam within the next 5 years.

Working voluntarily in accounting firm will be a great opportunity to understand accounting concepts and practical work. This will improve my knowledge and help understand the topics in depth. Moreover, this will also assist in getting good grades.

I want to finish my accounting degree within next year and want to complete CA exams within 5 years.

Acquiring best knowledge during the articleship from various opportunities provided by the principle in varied fields and try to do expertise in whatever work been provided together putting a firm hold on the studies and tution being completed on time since the knowledge will be beneficial if we keep on passing different level of exams on time and the motivation should only to pass the final examination which can promise a satisfying career thus strategically everything should be planned accordingly.

Information interview

My goal is to provide the best of knowledge possessed by me during articleship and studies for the question asked by the interviewer No. of interviews attended for grabing a job of my choice and choosing the best out of all of them as per my interest within 3 months of passing the final examination To create connections on personal basis with seniors& professionals coming across the training period so that they can help in lining interviews on referral basis so that a call from the related company can be expected through them since companies has now shifting toward choosing from referrals through employees

Grow relevant network

keeping in touch through social media like facebook or linkedin or twitter etc with the seniors and professionals having connection during training period Attending CA national conferences where seniors from the field came and share knowledge of personal and work experiences where we get opportunity to meet in person and they do help in times of need. it happens within every three months in different zones priority should be to attend as much as possible to create connections Try to become a volunteer in such conventions where you get the access to share and receive knowledge from such expertise in personal which have edge over other thus came into limelight where people can knew you by your name.

Enhance proficiency in occupational requirements

Goal is to acquire other qualification together with the training period of 3 and 1/2 years which can provide edge over others during interviews during first year of articleship try and join some advance excel courses which are really helpful in professional front and can ease the way you solve queries thus can let you complete the work in lesser time In the first year of articleship Joining advance excel courses or courses related to digital marketing or financial modelling which can enhance the weight of your resume

Nurture interest in occupational requirements

My goal is to remain in contact with professionals of my field providing guidelines to new requirements of the industries so that I can remain updated Connecting and remaining in contact through social media via linkedin and connecting further with other professions During your articleship period Connecting and making further connection from those connections acquiring knowledge about their field so that you can have a common topic to discuss when u meet them in personal.

Enhance professional identity

Choosing other financial courses after completing CA during job time such as market equity research or DISA CISA etc During lean period in the audit field choose to study so that it can help you in your promotions since it has edge over others,

during lean periods

STRATEGIC PLANNING:

finding out the best courses which not only enhances the knowledge but also provide better job opportunities where the job requires more professional knowledge and not a desk job certainly provided under audit which is monotonous and boring at times

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