Growing Demand of ACCA Courses and Accounting Technicians

The field of accounting is elaborating at a fast pace in today’s economical society. Accounting procedures help a company to organize all the information related to its assets, liabilities, shareholders, and debtors in books and files that are easy to understand and access. There are various procedures and methods of accounting, which are used by an accountant to maintain the bookkeeping of a particular enterprise. These methods are not a general knowledge and not every person knows it. This knowledge has to be gathered after being a part of professional accounting course like the ACCA courses in order to implement it successfully on a professional level. ACCA, which stands for Association of Chartered Certified Association comes amongst the most popular accounting courses. These courses have the capability to provide the students with an edge in their accounting career.

The people carrying professional knowledge in accounting procedures are known as accounting technicians. They exist in organizations in the role of bookkeeper or accounting clerk and perform the task of checking and managing financial accounts. These financial accounts are then categorized into various financial statements that are used by the company is assessing their profit and losses along with planning their future strategies. The quality of the financial statements of a company solely depends upon the knowledge and talent of their accounting technician in their job full of calculations. Many of the accounting technicians Ireland are known as one of the best ones worldwide, due to their strong analytical capabilities and power to stay focused under pressure. The high level of technical accounting courses offered in Ireland including ACCA is also one of the reasons behind the large number of talented accountants available in the country.

ACCA courses are a great value to add to your professional career due to the excellence they strike in their lectures and study materials. Their success and reputation largely owes to the professionalism and quality predicted in the ACCA lectures. Their staff and professors have been successful in providing consistent high passing rates to their students that exceed the global average. High tech instruments as well as E-learning are also a part of these lectures. They also facilitate distant learning programmes for the students who cannot attend regular lectures for distinct reasons. Online lecture and free revision classes are also a part of their courses. Proficient and professional accountants always stay in demand and so it is beneficial to choose the courses and university carefully to make in large in your professional carriers.

How to Become an Accountant in the UK

There are many different ways to become an accountant and you don’t always have to go through University to become one. University however is the most common way of becoming an accountant and the option that the majority of people think about for a career path into accountancy. To gain a place on an accounting course at University you will usually be expected to have good GCSE grades in English, Maths and Science, with many Universities wanting a grade C minimum.

It is also important to have 3 A levels with many Universities showing preferences for A levels in business, accounting or economics. It is essential to have a strong academic history in mathematics because this is necessary for an accounting degree. The best University accountancy degree programs are Associate of the Institute of Chartered Accountants (ACA) programs. This is because the ACA is a leading business and finance qualification which is recognised internationally and therefore will open doors to a number of future career prospects.

There are however other routes to go through in order to become an accountant such as courses and qualifications from the Association of Accounting Technicians (AAT). The AAT is broken into 3 levels; level 2 Certificate for Accounting, level 3 Diploma and level 4 Diploma which will provide you with the skills and knowledge to further your career. The AAT is essentially a fast track on the way to becoming an accountant without going to University and it means you can fast track to the ACA. You do not need any qualifications to study for an AAT at the lowest level and if you do have qualifications such as A-levels then you may be able to go straight onto a higher AAT level. Once you reach the highest level and receive the AAT Diploma then you can fast track onto the ACA qualification.

Technician Incentive Plans

Benefits of a well designed plan

If you don’t have an effective Technician Incentive Plan in place you are missing out on one of the most powerful tools in your management arsenal to drive a high performance service department. Technician Incentive Plans, or TIPs for short, can be so powerful they can drive behavior far beyond what you might expect from an incentive plan.
And if you already have one, maybe it is time for a tune-up to make sure your TIP is driving the behavior you need to develop a profitable service department and accurately reflect your dealership’s current priorities and initiatives. Incentive plans have a shelf life and need to be kept fresh to remain effective. Just because it worked last year, or five years ago, doesn’t mean it will work this year or next.

Let’s take a look at some of the benefits of a well designed and executed TIP. First of all, and maybe the most important, is to reward your best technicians. Let’s face it, top technicians are in high demand and you can probably ill afford to lose one who already knows your product and your customers. Your TIP should reward top techs so that they will be “appreciated” and not be looking for jobs with your competition. If your TIP only does that one thing, it will probably be successful. But a good TIP will go far beyond that initiative.

One sign that we often see in a struggling service department is a high turnover of technicians. This affects the quality of work being performed and increases training costs and lowers technician efficiency. A good TIP will give techs a reason to stay, not just your top techs, but your mid-level techs as well. Retention will improve with an effective TIP.
When recruiting new technicians, a TIP can give you an edge that your competitors may not be able to offer. Highly qualified recruits, no matter what the experience level, are always impressed by and attracted to a company that offers an incentive for doing good work. And that is usually the type of new hire you want anyway.

How to Start Your Accounting Career

You want to be an accountant. You love numbers, maths and money. So, how do you get started? Where do you go to get certified so that your services will be in demand? If you do not have any recognised qualifications, your clients will not be able to know if your standards meet their requirements. People hire Chartered Certified Accountants with a full practicing certificate because they know that they can trust in their expertise.

Any old accountancy certification will not do. You need an internationally recognised global qualification to compete in today’s industry, and the ACCA qualification fits this demand perfectly. The Association of Chartered Certified Accountants (ACCA) is the world’s largest international accountancy body, with over 300,000 members and students in more than 160 countries. Founded in 1904, ACCA has over 100 years of history as a leader in the development of the global accountancy profession. The United Nations has chosen the ACCA syllabus as the basis of its global accountancy curriculum and the ACCA qualification is well recognised in an ever-growing list of countries including the USA, Canada, the United Kingdom, the European Union, Australia, New Zealand, South Africa, China, Singapore, Malaysia and Pakistan. Many ACCA graduates work in premier companies such as British Airways and Price Waterhouse Coopers.

The syllabus spans 16 topics each with its own examination to test your competency in that subject. It usually takes 2 years for a student to obtain the ACCA qualification. This is broken up into the “Fundamentals” stage that consists of 9 papers and the “Professional” stage that consists of 3 papers and a choice of 4 options. With so many examinations to pass, self-study can be difficult. The good news is that there are many professional accounting and finance schools such as FTMS Global that offer ACCA courses. The better ones have a cast of highly qualified and experienced lecturers who are ACCA-certified. These teachers know what the ACCA syllabus requires and can dramatically increase your chances of passing the examinations. Definitely, it is highly recommended to enlist the aid of a mentor who can show you the ropes.

The Fundamental Concepts of Accounting

The Federal Election was held in Australia on 21st of August 2010. During the rather boring election campaign there were questions raised by the major parties and everyone else for that matter, on how the elected government would go about accounting for the very large amounts of money they receive and spend. These people talk in billions of dollars. It is rather mind-boggling but the accounting system they use can also be applied to small business and personal finances.

Most households require some form of accounting to deal with their personal financial matters. You are probably aware of the saying that the only thing that is certain in this life is death and taxes. I think that it is fair to say that accounting affects the lives of everyone in some way in a modern society.

I have always thought of an accountant as someone who processed the financial data Ibprepared for them and submitted my annualbincome tax return required by the Australian Taxation Office (ATO). Their value was measured by the amount of money they could magically retrieve from the ATO by minimising the amount of tax I was required to pay. This view is shared by many who see accountants as nothing more than bookkeepers, ‘number crunchers’ or ‘bean counters’. Unfortunately accountants are not magicians and the reports they prepare must stand up to the scrutiny of the ATO. The accountant should therefore be perceived as a professional who is able to minimize income tax by applying his talent and know-how acquired through years of study and experience

Technician Job Descriptions

When it comes to the technician jobs, there is a wide array of choices. It can start right from the PC technicians to Electronics technicians. All the technician job descriptions will not be alike. The job descriptions vary accordingly.

Let us first take a look at the PC technicians. The PC technicians are better known as the computer troubleshooters. These people are those who are communicating directly with the machines and all responsible for installation, performance issues, and also any kind of hardware related support for the PC.

There are also accounting technicians who are the most important part of any organization. They are support people in the finance department. The job descriptions of these people include the internal audits or they monitor the financial transactions and also create financial reports. They review the accounts of the company and check if the entries are valid and are balancing. They receive all the invoices for which also they have to maintain the records.

Online Accounting Technology Degree Options

Every business and organization that gains a profit has to deal with that money in a number of ways. The most notable way is the recording and analyzing of financial transactions of a business to keep their finances in order. Accounting is extremely important to a business and in today’s society seeing this information electronically is becoming more prominent. Many accredited online colleges and universities are now offering degree distinctions in accounting technology.

This field of study is relatively new but extremely efficient in giving students not only an accounting education but also one that is integrated with learning and understanding the technology used for accounting. Prospective students will gain a solid foundation in accounting by learning about financial management and how to apply learned theories and skills to real life situations. The goal of an accounting technology degree program is to prepare students to function in a variety of business environments. Critical thinking, accounting technology, and professional communication are skills courses will focus on to prepare students to be successful as an accounting technician in today’s society.

Most online colleges and universities offer an associate’s degree and bachelor’s degree. Each program will offer the proper education for the student who has a career goal of working with companies and organizations by providing accounting services. The technology aspect of this degree is implemented by the knowledge of how to use current technology and tools to present financial information to employees, executives, and individuals who are working with the company. Students will gain a valued education within the field that employers will want as a part of their financial team.