Today’s job market is highly competitive, with hundreds of people typically applying for a single position.
If you go through the job advertisement, you will find that most of the recruitment advertisements, it include ‘with experience in…'. Companies in Australia and other parts of the world prefer graduates to have some sort of practical accounting training or exposure.
As a recent accounting graduate, the theory makes you knowledgeable, but unless you know how to implement the knowledge in a true working environment, you are not ready to become a successful accountant.
One of the best ways to stand out from the crowd and show you have proper dedication in the accounting field is to gain practical accounting training.
In colleges and Universities, you read different theories and concepts of accounting, which helps to increase your theoretical knowledge. All the examples and cases completed are developed in a perfect scenario, and you are just required to give the correct answers to the questions.
But when you go to a real working environment and get exposed to real-life scenarios, the situation is completely different. The theoretical knowledge alone is not enough for you to become a successful accountant.
Let’s take an example of how one learns to swim. Just reading books on how to swim does not make you able to swim. You need to get proper advice from an expert, and you should actually dive into the water to learn to swim. Similarly, in the accounting field, both theoretical and practical knowledge should go hand in hand.
If you have Practical Accounting Training from accounting professionals along with your degree in Diploma of Accounting or Certificate IV in Accounting and Bookkeeping, or any other university degree, you are already one step ahead of others.
Companies today prefer candidates with practical experience, as it takes a lot of time and effort for the companies to train the person for the job.
With the increasing competition in the accounting job market, employers have the option to make a choice between candidates with experience and candidates who do not have any training and experience. In this case, any employer would choose a candidate who has practical experience in accounting.
As per the statistics, on average, every corporate job opening attracts 250 resumes. But only 4 to 6 of these people will be called for the job interview, and only 1 will be offered a job. To make your resume stand out among others, you can tailor your resume to the specific accounting job by including the accounting training, experience, and accounting Skills you have to get the job.
Good analytical skills are one of the important characteristics of successful accountants. Analytical skills are very useful to solve problems, make a business decisions, and provide recommendations to clients and management. All this can be gained from practical training in accounting. The probability of hiring candidates with analytical skills is higher, as this helps them to excel in their jobs.
Practical Accounting Training programs help to better understand the theoretical knowledge that students have gained from their college or University degrees. For instance, you read about journal entries, ledgers, trial balances, and financial reports, job Interview questions . But you may find it difficult to apply the theoretical knowledge in practical scenarios.
The accounting training program helps to apply the theory in a real-life scenario. It acts as a bridge between theoretical and practical knowledge.
For example, you graduated a year ago and you went on holiday. Then you came back and started to look for a job. There is a high chance that you may forget what you studied a year ago, and it might be difficult for you to start the accounting job.
In this scenario, gaining practical accounting training helps you to be updated and provides the necessary accounting training to make you job-ready.
Job Ready Accounting training helps to sharpen accounting skills and provides exposure to various parts of accounting, like accounts receivable/ payable, payroll, financial reporting, and many more.
This exposure will help the graduates to understand how the accounting process works and provide a clearer idea of which part of accounting they want to pursue in their accounting career.
Leading accounting training providers provide knowledge on popular accounting software, which helps the graduate to be familiar with recent accounting software.
