Financial accountants provide specialist services to commercial and non-commercial organisations to ensure that they are financially sound and comply with legal requirements and regulations. They prepare financial statements based on general ledgers and participate in important financial decisions involving mergers and acquisitions, benefits planning and long-term financial projections.
What the job involves
Perform external audits by examining financial statements
Determine whether they are 'true and fair' to 'assure' an organisation that it is complying with legal requirements or fulfilling best practices
Perform internal audits
Help clients to understand and meet their tax obligations
Business advisory/financial services
Lead and manage a multi-disciplined team and making a full contribution to senior management teams while working to tight deadlines
Provide operational management of an accounts department, including debtors and creditors ledger, accounts payable and receivable, wages and salaries
Prepare VAT returns, bank reconciliations and monthly and annual accounts
Implement IT systems, manage change and manage relationships with external organisations and suppliers
How your career can develop
Opportunities for progression are plentiful and varied, but depend very much on the area of work.
Why financial accountancy matters
Professional services firms such as the ‘Big 4’ of Deloitte, EY, PwC and KPMG are some of the largest employers of graduate recruiters and where many financial accountants start their careers.
Ability to reflect on one's own work as well as the wider consequences of financial decisions
Business acumen and interest
Organisational skills and ability to manage deadlines
Client-facing (customer service) and interpersonal skills
Proficiency in IT
A methodical approach and problem solving skills
Professional accountancy firms
Graduate/Starting average salary in 2014 was €22,500
Accountancy is open to any degree discipline; however numerical or business related degrees are an advantage. In accordance with Chartered Accountants Ireland (professional accountancy body in the Republic of Ireland and Northern Ireland) CA’s must complete a training contract with a recognised training organisation in order to gain thorough training in practice and pass Chartered Accountants Ireland Final Admitting Exams (FAEs). Chartered Accountants Ireland have introduced a new entry route known as the Elevation Programme, for experienced graduates wishing to become chartered accountants. This route, unlike others with Chartered Accountants Ireland, does not require students being obliged to enter a training contract.
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