Accounting professionals help organisations deal with the financial aspects of a business and the scope for career variety is huge, with many specialisations an accounting graduate can move into after finishing a UK university degree.
Different types of accounting roles are open in various sectors including, but not limited to, public, managerial and government models. The various kinds of sub-specializations that one can opt for are commonly available at postgraduate level. Master programmes in the UK are generally for one year, however, depending on your niche, it can be two-years.
Learn more about different types of accounting roles available in the UK below and if you would like to begin your application for an accounting degree, arrange a free consultation with SI-UK London today.
Different Types of Accounting Roles in the UK
Auditing is generally linked with other major business models and courses such as finance. It is a sub-specialization that is awarded at a postgraduate level where students decide to focus on what interests them. These courses can be part time or full time running between 1-3 years of duration. Students specialising in auditing can help organisations with their financial records while handling the government and legal aspects of it.
Environmental accounting is a relatively new branch in the finance sector that determines the profits of an organisation while keeping sustainability in mind. Measures are being taken to leave the world as it is without depleting or harming the natural resources while building a profitable business. This has given a rise in demand for environmental accounting professionals making this course quite famous amongst students.
Business Valuation Accounting
Business valuation is a very crucial role that is offered to people with a high level of understanding for valuation standards of an organisation. Closely related to business evaluation accounting, these kinds of roles are important for an organisation because they help in determining the sustainability and visionary aspects. This course powers accounting professionals with a strategic viewpoint, helping them to climb the hierarchical ladder quickly.
Tax Accounting courses help an individual to understand the tax system of a country at a deeper level, to be used for individuals or firms at a later stage. Generally, business and law schools provide undergraduate and postgraduate courses to interested candidates in tax accounting. To apply for such courses one must have a thorough understanding of subjects like Economy, Law and Finance.
Government finance and accounting is the process of understanding and maintaining financial transactions within a government body. The role incorporates strategy, analysing and interpretation of various functions that come along with the financial transactions as part of government accounting.
Nonprofit accounting is the branch that deals with the understanding of “how to manage the finances and accounting of a charitable organisation”. Professionals with these kinds of degrees can serve as independent auditors, managers or consultants to nonprofit organisations. Modules for this course include strategy, charity accounting, marketing and more.
International Accounting is a specialisation which focuses on how accountancy differs across in an international context, taking into consideration political, ethical and cultural factors. An International accounting degree is ideal for students interested in a broader perspective of accounting across the world.
The BA (Hons) International Accounting with Finance at the University of Lincoln for example will help students “gain a thorough grounding in international business and accounting techniques and practices”.