Be it a well-established firm or a start-up, anyone and everyone depends on accounting and numbers to evaluate what's profitable and what's not. To add to this, maintaining accurate accounts can also lead to better financial management within corporations. All this makes accounting one of the most stable and rewarding professions globally. But does this mean that becoming an accountant is child's play? Well, the reality is far from this.
Earlier, if a person had to become an accountant in the UK, they had to devote a certain number of years to the curriculum, coupled with a solid share of financial input. But not anymore. Today, becoming an accountant can start with something as flexible and far less capital-intensive as online accountancy training courses. These courses provide you with the right knowledge and skills that are recognised by the UK accountancy fraternity.
What Is an Online Accountancy Training Course?
Just like any other online course, an accountancy training course can be taken from any device and from any location. It offers all the important skills that are necessary to learn and master accounting as a profession. The best part about these courses is that they don't lay any unnecessary pressure on the enrolled learners, who can study at their own pace.
Almost every digital accountancy training course covers the foundational concepts of the field. These include:
- Bookkeeping
- Double-entry system
- Business and management accountancy
- Company law
- Existing business and personal taxation principles in the UK
- Financial analysis
- Internal auditing
- Management accounting
- Using payroll management tools such as Sage Payroll
Once you have completely understood these concepts, you hone a roster of practical skills. These help you in preparing and analysing financial statements of companies and business owners. You can easily manage ledgers, evaluating the profits and losses incurred in a particular financial year. An individual who has enrolled in such a course also gets a fair idea of the taxation basics of the UK, as well as the HMRC compliance regulations. These skills not only make you a proficient accounting employee but also help you in handling your business or personal finances better.
Benefits of an Online Accountancy Training Course
An online accounting programme comes with plenty of benefits. These include:
Affordable course fee
Unlike traditional classroom courses, the fees of these online programs are economical. This makes them affordable for people falling in different paycheck brackets. Apart from the fee, the enrolled students are not required to invest in costly textbooks, splurge on daily travel, or rent a place close to their institution. Thus, it prevents straining your budget.
Updated syllabus
Most of the digital accountancy training courses keep on their syllabus to match pace with new compliance regulations and laws. In addition to that, one gets to master advanced accounting software that gives you an edge over others.
Complements career aspirations
Be it bookkeeping or taxation, you are sure to find an online programme that is in sync with your career goals. Thanks to the variety of courses available in the market, you get to polish and put into application your accounting skills before stepping into the professional realm of accountancy.
Flexibility
The best aspect of taking an online accountancy training course is that you don't have to take long commutes or show up at a particular time slot. You have the leeway to opt for this course and successfully complete it from the comforts of your home or your current location.
Gain credibility in the job market
Having taken a professional online training course gives you an added advantage when you look for employment. Employers often see you as a credible asset to their company when they get to know that you are already professionally trained. Apart from that, it saves companies from investing resources in training and extensive onboarding. This also saves you from getting hired for a training role.
Learn at your own pace
For individuals who have dependents or those who are full-time working professionals, this course offers you the convenience to learn at your own pace. No need to finish all the lectures in a stipulated time. You always have time to reevaluate whatever you have learnt so far and can cover the remaining as and when you feel the need to do so.
Informed business decision-making
An individual who is well-versed in accounting can make better decisions when it comes to business management. This is because they are capable enough to extract accurate financial insight through a number of accounting tools and techniques. A lay businessman, on the other hand, might rely on others for numbers and thus makes decisions based on influence.
The Ultimate Boost to Your Career Journey
One of the major perks of enrolling in an online accountancy training course is that it gives you a massive career boost over somebody who is an absolute beginner. Through such a course, you can easily crack a number of jobs. Those who have completed such a course can be onboarded for entry-level roles, including junior accountant, bookkeeper, and payroll assistant. A well-recognised course certification can also land you with a mid-level role, i.e. that of a financial analyst, an internal auditor or a taxation consultant.
By upskilling oneself, one can also grab freelance projects or remote roles that offer lucrative pay. Furthermore, one can also progress by entering into management roles or can even set up their own accountancy firm.
Tips for Picking the Right Course
Before you enrol in a digital accountancy training course, it is important to keep in mind the following tips:
- The programme should be accredited by a recognised accounting organisation in the UK
- Be it an entry-level filing taxation programme or an advanced bookkeeping course, the chosen course should sync well with your career goals
- Ensure that the programme complements your lifestyle and priorities
- Consider opting for courses that come with dedicated study materials, tutor assistance, and placement guidance
- It is important to go through the reviews of a particular training programme before enrolling in it
Based in England's Hemel Hempstead, Accounts Solutions can be a great choice when it comes to online accounting training courses. We have a range of affordable and self-paced courses that can open the doors to a rewarding career in the field of accountancy. To know more, get in touch with us today!