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5 Reasons You Should Be An Accountant - YouTube
Channel: Accounting Stuff
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in this video I'm going to give you five
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reasons to become an accountant hey
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though welcome back to the channel I'm
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James
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this is accounting stuff and today I'm
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going to give you five real reasons to
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become an accountant
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maybe you're considering doing
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accounting as a career or perhaps you've
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been the game for a while now and you're
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thinking geez accounting big mistake why
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did I decide to do this in the first
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place whichever is let me know down the
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comments I'd like to hear your story
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I've been working in the industry for
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about seven years now maybe a bit more
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and during this time I've had the
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opportunity to work on both sides of the
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fence in public accounting as an auditor
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at the big four and in the private
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sector as a financial accountant so all
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of these reasons that I'm about to give
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you are coming from my own personal
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experience is going to be no particular
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order to these except that the last one
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is my favorite let's jump right in
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reason number one accounting is a stable
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industry here's how I see it I like to
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picture the economy as an ocean spies
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sweeping over a rocky beach there are
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high tides and low tides booms and busts
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blowing in and out over the rocks on the
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shoreline tides are temporary they're
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constantly changing over time but the
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rocks are permanent they don't budge
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they stoically hold their position and
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observe the waves blowing around them if
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an oceans tides represent the economy
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then the rocks are accountants because
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businesses will always need accountants
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for every reporter disturbs an ocean
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surface every time a financial
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transaction takes place businesses need
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accountants to record process and
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summarize these transactions into
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financial reports the need for
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accountants is constant no matter
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whether we're in a boom or a recession
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accountants of rocks
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okay reason number two accounting will
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teach you to become financially literate
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financial literacy is the process of
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educating yourself to being able to
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manage your money personal finances and
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investments efficiently and effectively
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I've mentioned this before and I'd bring
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it up again now because I believe that
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financial literacy is one of the most
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important skills that you can learn in
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life it teaches you to budget and save
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the value of interest and the meaning of
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all of the different financial terms the
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sooner that you can understand all of
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these the better I wish that I'd become
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financially literate ages ago like when
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I was 16 or something because if I had
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then my finances were being a much
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better shade today thankfully though
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accounting taught me to become
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financially literate and it can help you
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to if you'd like to learn more I've made
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a whole playlist covering accounting
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basics that you can find up here and I
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keep adding to it each week so don't
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forget to hit the subscribe button and
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ring the bell to be notified when the
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next one's out right reason number 3 and
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I've been debating whether to include
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this one or not because I'm sure that
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some of you are going to disagree with
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me but anyway accounting is interesting
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see I didn't even blink when I said that
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hold up before you get stuck him in the
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comments let me explain
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accounting gets a bad rep from a lot of
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people for being a boring profession but
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the way I see it all comes down to a
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mindset and how you approach your work
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you have two options option one
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rinse and repeat in accounting
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repetitive monthly deadlines are common
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and accountants are often put in a
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situation where we can take last month's
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workbook wipe it clean and roll it
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forwards into the current month again
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and again rinse and repeat
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this approach to make life easy because
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in the short term its efficient your
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glide through your to-do list as quickly
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as possible but once you've repeated
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this process over and over it becomes
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monotonous and boring work doesn't
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motivate you anymore it's become a grind
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option to is where you go the extra mile
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challenge yourself to work beyond your
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managers and your own expectations and
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by that I don't mean it's sitting in
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your desk working late while everyone
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else in your team has gone home I mean
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working with intention so when your next
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base with a task that you've done a
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gazillion times before
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give yourself some time to pause and
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reflect look for the kinks in the system
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what about this process is inefficient
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and how can you streamline it don't get
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me wrong in the short term this approach
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is hard work and it can be
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time-consuming but in the long run
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that's when it'll reap the benefits
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because if you invest your time and
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effort now to make a process quicker in
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the future then work will start to feel
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a lot more rewarding and hopefully your
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boss will notice your efforts too it
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will separate you from the crowd and
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earn you recognition and perhaps a
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promotion that'd be nice if it doesn't
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if you've gone through all of this
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effort and your boss doesn't even notice
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or care then quit or at least examine
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your options we work in one of the most
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stable industries in the world which
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brings me on to reason number four
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accounting as an industry offers us a
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wealth of opportunities and flexibility
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there are so many different branches of
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accounting that you can pick from to
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match the lifestyle that you want to
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live if you're looking to climb the
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ladder as quickly as possible then
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consider working in audit but if you
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prefer working the 95 and a role with a
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bit less stress then an option is to
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work in private accounting and a non
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listing company but doesn't have all of
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those extra compliance requirements
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after a few years building some
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experience you could choose to work for
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yourself go it alone and create your own
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private practice lots of people do this
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it's hard work but if you manage to
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build a profitable business then this
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will be a rewarding journey working in
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accounting will open doors for you and
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teach you valuable transferable skills
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you can make use of in whichever career
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path you choose to follow ok
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reason number 5 my personal favorites
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him bear with me because this might
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sound counterintuitive you can use
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accounting as a stable platform that
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enables you to take risks what do I mean
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by that here's my logic many people
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myself included are drawn to accounting
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because of the stability that it offers
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accountants of rocks after all as a
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career it offers job security and that
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prospect can be very enticing perhaps
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too enticing because playing things safe
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can become a habit which is fine
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everyone's entitled to make their own
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choices but personally I feel that I've
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learned the most from some of the
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riskier decisions in my
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like five years ago I left my safe job
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at the big four in London to move to
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Australia it was a new country I had no
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work lined up and I didn't know many
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people there by my standards it was a
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risky decision and do I regret it well
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yes it was madness just kidding
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no I'm glad I made that choice it was
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scary at first but eventually I got a
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job
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found a place to say and then did I'm
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living there for three years I have a
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tough time making risky decisions but
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accounting is my safety net as an
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industry there's always demand for it so
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you can feel confident finding work
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again if things end up going pear-shaped
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moving to Canada to start this channel
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is another risk that I'm dealing with
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right now whether this was a wise
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decision remains to be seen
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time will tell but the experience so far
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has been incredibly valuable I've had
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the opportunity to chat and meet with so
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many interesting people through YouTube
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and I don't regret this choice one bit
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so if you're working in accounting or
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thinking about it
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are there any risky decisions that
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you've been agitating on maybe
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accounting can be the rock that
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encourages you to take the first step
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powerful stuff on the channel today if
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you'd like to learn more about
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accounting then check out this playlist
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here and as usual if you've got any
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questions let me know down below in the
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comments and click on this little circle
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in the middle to subscribe for more
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