accounting career Archives - Accounts NextGen

How to design a unique cover letter

How to design a unique cover letter

As you all know what a cover letter is? In case you are not fully aware of it, it is a cover letter composed to apply for a job. The standard format of a cover letter is very simple. In the beginning, the person should mention his objectives for going to a particular company. And some other relevant things are mentioned later on.

As there are a lot of freshers in the market who have a little knowledge about designing their CV, Cover Letters, etc. And there are those persons who are trying for many years and that has made them better as compared to the freshers.

Here is a list of things to help you make your cover letter unique:

        1. Start with very careful sentences:

  • No matter whether you are applying for a job, tax training, or accounting training, you should always start with some sentence that seems unique to the reader. If you start in a traditional way, there is a chance that the employer will not read the whole cover letter. In the beginning, you should mention some of your most significant achievements. Keep in mind that the achievement is relevant to the job post you are applying for. This is enough to grab the attention of the employer.

    2. Try to look professional and be genuine
    :
  • Almost everyone is looking for an employee who will fit in the work culture of that company and the employee should think out of the box. Your sentences should be filled with a little bit of humor. This way you will avoid making sentences that include too many technical words. Your cover letter should be full of the things that you consider most important and you will consider speaking those things in your interview.

    3. Choose the templates properly:

  • These are the things that make your cover letter different from others. You should choose the templates that make your cover letter more precise to the point. There should not be extra designs that may annoy the employer. The design of fonts should be uniform all over the cover letter. You don’t need to think much about it because a lot of online platforms are available to design your cover letter.

    4. The Cover letter should be free from any mistake:

  • Most people care a lot about the other things and at the last moment, they prepare their cover letter or resume. At that point in time, it is very likely to have some spelling mistakes and other errors. These things are enough to ruin all your efforts. Even if you have missed a comma, that may also become a matter of concern. You should get your cover letter verified by someone who is better than you in checking these things.

    5. You can try to make a video for this purpose:

  • This step we don’t regard as compulsory but you can try if you are willing to do so. Videos play a very important role in telling a lot of things in less amount of time. But you should make a video which has good quality audio and video. Your employer should clearly hear what you are saying. Be in a completely normal state while shooting the video. If you complete this step carefully, there is a chance that your cover letter would be considered as unique among others.

Conclusion:

If you are unable to find a good source of information that may educate you about getting a good job or preparing for the job, Accounts NextGen is there to help you. We provide you the authentic information to help you get a good job. If you are living in Melbourne, you can choose from many accounting training in Melbourne or tax training in Melbourne. Courses related to finance are very helpful in getting a job in this environment.

How COVID-19 has impacted the young CAs, and how can they take advantage of this current time?

The Novel Corona Virus has changed the working style across the globe, with the world going virtual. What seemed unrealistic earlier has now become an integral part of our life with the spread of COVID-19. Across the world, with some limitations and a bunch of advantages, every business and every profession is learning to overcome the deadly emotional and fiscal outcomes of the pandemic. For young Chartered Accountants (CAs), the outbreak of the deadly virus has created uncertainty and dilemma about their future.

COVID-19 outspread will be remembered for generations for the commencement of new working styles by facilitating businesses on virtual platforms, pay cuts, work from home trends, and rising unemployment with a large number of people going jobless. Just like other professions, CAs in New Zealand and Australia are also facing the outcomes of economic crunches due to the Corona Virus. They have been the victim of uncertainty about their future too.

Psychology professor Paula Brough requested that the young CAs be prepared for worse conditions, which could be a reduction in working hours or losing a job with the economy getting weak. Losing a job would amount to more significant difficulties of managing households, releasing expenses, payment of insurance premiums, or home installment or rent.

It is, therefore, vital for young professionals to maintain their physical strength. Taking a break is advisable, and so is seeking someone for support.

Working on soft skills

With the businesses facing hold up or multiple issues for their profitable survival, it is considered to be an excellent time for the novice or young CAs to inculcate soft skills which would aid them to combat the uncertain world.

Communication with the client is vital.

It is immensely crucial for young CAs to have strong communication with their clients and not rely on others. With the outburst of COVID-19, we shouldn’t expect them to be experts or technically proficient. CA’s are expected to work on their interpersonal skills. Communication from both ends is important and more significant to develop understanding and reliability between the two.

With everything on the internet, clients can have easy access to all information, but an advisor is always needed for expert and sound advice. Your communication skill should have an impact on being remembered and understood by the client. Your words should encourage clients to react and act. The bespoke response is requested to clients in their verbal style as one key won’t fit in all locks. New technology should be used to make the client understand like video calling or conferencing in place of traditional phone calls.

Adapt the new trends and be tech-savvy

The young and new CAs should be versed with the latest technology trends and be tech-savvy as much as possible. Being a CA, you should be creative, forward-thinking, and do planning to be ahead of time with new technology as it eases the work with newly added and improved features. So, go and check the most exceptional software company and its ideal pricing proposal. Know what tools are being used for screen sharing or video recording.

Every year, thousands of technological tools are introduced. Use the best one for an appropriate time to know it entirely before you suggest them to your client.

 Virtual association with like-minded people

Owing designation of CA is like icing on the top and imparts excellent benefits as you get to associate with the people having a similar mindset, approach, and knowledge. It facilitates you to connect with the folks belonging to the same industry and get acquainted with other chartered accountants.

Top choices you can make as a new CPA

It is very hard to cross the line for CPA because most of the students who opt the stream of commerce, always look for CA or CPA. So, you should be very joyful and optimistic for your CPA designation. But now it is also very important to identify what sort of choices you want to make to clarify the further career obstacles.

A huge bunch of people think that after achieving the culmination of CPA, now you only have to associate yourself with big corporate firms. And if you also have the same notion about this, then you are completely disoriented about the CPA and its field.

Why one should go for CPA?

First of all, let it be very clear because enrolling yourself in CPA’s world means you are now part of one of the finest and international renowned accounting fields. And if you are the student of accountancy or commerce, then what can you imagine better than that. CPA’s can indulge themselves in imperative roles in any corporate firms all around the world because CPA has its own recognition and it’s administered by AICPA (American institute of certified public accountant).

Make your best while opting the career path

It would be pretty enough for you to clear out yourself from the state of ambiguous about the CPA’s. But now you need to be very specific before finalizing your decision on your career path. And that is why we have compiled some career options for you to give you some aid to figure out the things.

Conventional career choices  

Taking traditional routes sometimes gives the essential aid for that you are looking for. Traditional jobs may include accounting positions. But each position requires a different set of skills and framework. First and foremost you need to decide in which sector you want to work.

Public Accounting

In this field, you can do auditing, provide consulting services or tax service to someone by collaboration with any firm or independently too.

1) Auditing

This job solely focuses on the audit aspect of any company or firm. It means you need to review or thoroughly scrutinize company’s book to ensure their practices and records are up to the standards or not.

2) Tax Services

As a public accountant, you need to provide the best guidance and aid to your client in terms of calculating the tax income, tax return, fill up work of documentation or tax statements.

3) Consulting

In this, you need to provide better advice and insight of business topics and related to financial aspects.

 

Private Accounting

If you want to indulge yourself in the private sector, then you have to stick yourself with one firm only. It means you can’t work with several clients at the same time. And your work would be like-

1) Accounting Clerk

As an accounting clerk, you need to perform various tasks like maintaining financial records, journals, balancing accounts, managing payroll or bank reconciliation and many more.

2) Staff Accountant 

Staff accountants usually handle the work like staff credit, accounts payable and they provide extra aid to CFO.

3) Internal Auditor

The work of an internal auditor is more specified than external. Because they work on areas like risk management, company’s financial reliability or operation effectiveness.

Off-beat Careers choices

Off-beat career choices means if you are not finding yourself comfortable in the conventional accountancy world, then you can follow your passion or dreams. For example, if you love entertainment and cinema genre, then you can join any production house because big production houses always look for a better person who can manage their production budget well.

If you love sports and want to indulge yourself in that sport, then you can associate with sport player because they also need some experts who can manage their payrolls.

Conclusion

So, these are some important areas and choices you can make for your greater future possibilities. If you want to take the route of conventional way, then it would be very easy for you; but if you are looking for an off-beat way, then you need to have some patience because you might get some rejections too. But again this is what life is because you need to prepare yourself hard to overcome the hard phases.

Accountants the most underrated dark horse of the business

Stats and professional vitality   

Research has been conducted by the career cast job website in 2014 to find out the most underrated job and the report has shown that accountants or accounting field holds the number one rank in the list. Certainly, the data is not too updated but despite all that, the condition of the accounting profession is still the same.

Another report by the U.S bureau of labor statistics says that the need for accountants will reach its peak by 13 percent in 2022. Basically, all these stats and data says that the role of accountants for any business firm is very vital and their contribution is a must for the success of the business; but despite all the essentiality, accountants are considered the underrated dark horse of the business.

Accountants are the Predictor of financial possibilities  

An accounting expert from Ohio University says that you need to have high-level analysis power, problem-solving abilities, and technical skills for analyzing financial statements. The quality of being advanced and providing detailed statement analysis can make you the luminary of the field and these aspects will give long-term aid for the business.

Accountants are very good at predicting the future financial possibilities of the company. It is very important for the company to know whether they are going on the right path or not because you need to have a specific idea of success while working with the investors.

Accountants decode the concept of expenses and profit

You need to be very cautious and smart while taking your first step in the business world. Indeed, because we have seen that a silly mistake or decision can ruin your all hard work and arduous efforts in a short span of time. As a businessman, you must make your decision on the basis of how much amount of profit you are getting back on your expenses. And this is one of the aspects where usually we make mistakes. We need to understand or decode the concept of expenses and profit for better success possibilities.

And this is where the role of the accountant comes because they have a very deep understanding of this concept and they can mitigate your workload with their intelligence and analytical power.

Accountants provide the aid in budgeting

A budget has a very essential role to play in any business firm. It allows you to do your all work without unnecessary expenses. The budget helps the firm to spend the money accurately, spend and saving aspects, and last but not the least, it gives a better picture of your crucial funds and availability of money.

Not knowing that from where your money is coming from and where you are spending is one of the worst situations for any business firm or businessman. And in this case, he/she is nowhere in the picture to expand the business, (written by Lisa Mcquerrey in Small business chronicle).

Accountants are very good at budgeting aspects and they will give you a better understanding of budget and its allocation.

Accountants give better insights

No matter how good you are or how deep understanding you gave in your respective business, but at some point, you need better advice and support to make your best decision. Accountants excel in providing great guidance and knowledge of finance.

Conclusion

So, all these points can easily prove the essentiality of accountants in the business firm. Those who still believe that they do not require any better insight and advice from an accountant should at least spend their one hour with an accountant and they will definitely get what they are missing.

Different Accounting Qualifications for a sky rocketing Career

The job prospects for qualified accountants are never low as it is a must to have department in every company belonging to any industry. If you want to pursue a career in accounting and reach at the top notch spot expertise in the field of accountancy, have a look at the accounting qualifications available –

Associate Chartered Accountant (ACA)

It is a top accounting five years duration course extended by the Institute of Chartered Accountants in England & Wales (ICAEW).  The ACA qualified accountants are catered off the cuff learning and workplace training component for complete proficiency in the realm of accountancy. The cart off point with this course is that the candidate is supposed to join a training agreement with an authorised boss before taking admission to the aforesaid qualification.

Association of Chartered Certified Accountants (ACCA)
 This is the most popular accounting course amongst students looking for top notch spot in the accounting field. It confirms extra ordinary career in accountancy, management and finance.  The biggest advantage of the course doesn’t need any type of training agreement giving choice to establish links with different employers while pursuing the course. 

Check out the list of ACCA’s digital qualifications for aspiring students with non business background who still look to gain ACCA course online experience.

Financial Accounting: This preliminary qualification aids candidates to:

  • become skilled at recording, processing and reporting business dealings;
  • the study of trial balance showers the skills of tracing, identifying and correcting slip-up;
  • It offers intrinsic knowledge about making financial statements and comprehending the qualitative features of functional information.

Accountant in Business:

Accountant in business (AB) is the option for those interested in learning the interconnection between the employees and the system of an organization. This course is a sort of preparation for the ACCA exam while giving the certification of diploma in AB course.

Intermediate Bookkeeping: Accountants with certified book keeping course are taught the skills to

  • augment their monetary and book-keeping skills;
  • Preparation of financial statements;
  • For preparation of  the maintenance of Financial Records (FA2) exam;

Management Accounting:  The qualification in management accounting aids the candidate to take right business decisions concerning to finance and investment. Check out the following points to understand it more clearly-

  • It provides skills regarding the financing of business operations.
  • To strategise and control inflow and outflow of cash.
  • It teaches and acquaints the students with the decision of capital investment.
  • Optimum and best utilization of working capital

Certified Public Accountant (CPA)

To pursue the certified public accountant (CPA), the work experience and good grades in  the comprehensive exam is needed  and is conducted by the American Institute  of Certified Public Accountants (AICPA). The student with the licence in CPA can work and grow in diverse fields of financial management and accounting.

Chartered Financial Analyst (CFA)

CFAs course imparts training in investment analysis and portfolio management. It requires successful accomplishment of three –level exams consecutively before procuring the CFA license. It is an internationally recognised certification and enhances the expertise as portfolio managers. CFAs can also become research analysts or consultants.

While summarising about online accounting qualifications, it can be said that they are highly beneficial and offer-

  • the confidence to commence a profession in finance, business or accountancy;
  • It caters an opportunity to swot up business or finance at the level of school or college;
  • It caters courage and podium to initiate your own business.

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