Several early accountancy artifacts found in the ancient ruins of the primitive civilizations of Sumera, Babylon, and Assyria confirm that over 7000 years ago, the art of accountancy was used to record and track the birth rates and death rates in livestock herds, as well as the seasonal harvest and the surplus reaped from the crops.
Informing the shareholders and managers of their business’s financial health and position is the contemporary accountant’s job. From the original art of accountancy, three different sections and job types were derived, these being basic accountancy, the art of bookkeeping, and the art of auditing. Cautious editing, organizing, recording, summarising, and the art of selecting the most accurate, relevant and viable fiscal data to hand to the client are the key aspects of a good accountant.
By evolving and adapting alongside the major businesses, the art of accountancy has assured it will stay a vital and necessary aspect of a business’s financial health and needs, and by constantly evolving and adapting, modern-day accountancy firms will ensure that the needs and wants of the corporate clients are always met. Having strong and clear business knowledge alongside their financial knowledge means many modern day accountants fulfill the businesses’ want to not only have their finances organized and reported but also advised upon and improved.
All prospective accountants must be highly intelligent, and very willing to learn on the job, the stress and challenging aspects of the job mean that many of the top accountancy firms will only look at hiring the top universities top graduates in order to ensure that the accountancy business can offer the highest quality service.
The necessity of accountancy and the fast-paced, adaptability of the industry means that there are many high-profile job opportunities and careers are available in the trade, and a career in accountancy offers potential employees more opportunities than ever. Modern-day accountancy companies’ offer graduates an opportunity to travel and work closely with many different companies, meaning employees can gain both practical knowledge, and highly valuable personal experience.