Do you want to become a Industry and Commerce Accountant? Here is some information to help point you in the right direction:
Job Description -
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Working as an accountant in industry and commerce involves providing financial information and support to teams throughout a business. The objective is to increase profitability, examining where and how money is being spent, and helping to identify the business areas and products that are adding the most value.
Accountants in industry and commerce need a detailed understanding of the business, the sector and the economy. Using a variety of financial and non-financial data, they work with sales and marketing teams to increases sales to customers and improve profitability.
The work varies according to their level of responsibility and the size of the organisation. Some accountants may be involved in gathering information and investigating why margins on a particular product are up or down against forecasts. Working as an accountant for a larger commercial firm, they may be part of a team specialising in a particular business or product area.
They will usually prepare monthly reports to present to managers and teams which assess the performance and highlight where improvements can be made.
Accountants normally work weekdays from 9am to 5pm, but may have to work extra hours at busy times. They are generally based in the company head office, although time may be spent visiting other sites within their organisation.
Salaries range from around £17,000 to over £100,000.
An accountant in industry and commerce should:
Most commercial organisations have their own financial department and there are opportunities to work in most big towns and cities.
Most accountancy trainees in industry and commerce are graduates. Joining a graduate training scheme gives a good introduction to the business, but entry is competitive. Many employers recruit mature students.
Most trainees take professional accountancy qualifications after obtaining a degree.
People can choose from a range of professional accountancy qualifications to qualify as a chartered accountant.
Accountancy is a well-respected profession and there are many career options. Some accountants become team managers, audit specialists, finance managers or even reach board level. Once they are experienced, there are also freelance and self-employment opportunities. Some accountants set up their own practice.

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