"Accounting work experience is essential for job placements and gaining membership of accounting bodies. Practical accountancy training helps you to get desired jobs."
Accounting Work Experience
Accounting work experience is important for accounting students who lack practical work experience. It is similar to an internship in accounting. It fills out the difference between academic/vocational qualification and actual learning with possible issues.
If you’re looking for accounting work experience, you’ll find many opportunities in London. It is the financial centre of Europe; because of Brexit, there is a high amount of accounting work placement.
In the capital, there are many banks, professional services entities, and government institutions, so numerous jobs are available. However, there is intense competition for accounting placements and internships. So it's best to apply early.
We will guide you on the advantages and disadvantages of accounting work experience in London. There are plenty of opportunities in outer London if you don't like the hustle and bustle of big-city life. Most companies have regional offices and local accounting companies also take on students seeking work experience.
Accounting Work Experience In London
Accounting qualifications like ACCA and AAT (Q2022) are theoretical. You must gain accounting work experience through practical training to bridge the gap between theory and practice. This experience is essential for becoming a member of the accounting body. Future Connect Training provides integrated training, which helps you get practical and theoretical knowledge together.
Who Do We Help Out?
ACCA individuals/Affiliates, AAT students/Finalists, University Accounting Students & Graduates, and even Accounting Professionals from the EU, Asia, and Africa gain hands-on practical work experience, which has helped them boost their accountancy prospects.
We have helped many individuals get accounting jobs through our job placement opportunities, which are associated with Future Connect Certified Accountants and partner firms. If you’re beginning your career in professional accountancy, you can gain valuable experience in financial areas by working with accounting companies or organisations.
How To Get Work Experience?
Start by researching companies and finding their contact information. For smaller businesses, reach out directly to the finance heads. For larger firms, contact the HR department. Send them a message explaining your interest in gaining experience and how it fits with your long-term goals.
When applying for a job, explain why you’re interested in that specific role at their company. Remember, work experience benefits both you and the company. Show how your skills can help them and suggest tasks you’re willing to handle. Follow up with messages and phone calls after a few days, as some contacts may be interested but busy.
Who’s Eligible For Placement?
Future Connect Training offers Q2022 accounting training along with work experience for those who have completed our Q2022 Practical Accounting Training. We provide online practical accounting experience through our London-based firm to help you apply what you've learned in the course.
During this work experience, you will take on the role of an assistant accountant, working with existing client accounts. Your duties will include:
- Managing purchase ledgers, nominal ledgers, and sales
- Performing bank reconciliations, adjustments, and journal entries
- Creating financial statements such as Profit & Loss, Trial Balance, and Balance Sheet
- Handling Corporation Tax, Income Tax, VAT, and other taxation matters
- Setting up and managing Excel spreadsheets
- Preparing staff statements and running payroll
- Completing general accounting and administrative tasks
How Does Our Placement Work?
During your Job Placement, you will be assigned as an Accounts Assistant with our sister company, Future Connect Certified Accountants. This placement can be completed remotely; you will work with client data online and submit your work via email to your supervisor.
The placement lasts for one year with an accounting firm, where you will contribute to the business and handle key projects and accounts like a full-fledged accountant. Upon completing the placement, you can add this experience to your CV, boosting your chances of landing a job and standing out from the competition.
By the end of your internship, you'll have built valuable industry connections and developed essential skills, such as flexibility, critical thinking, and business judgement. Excelling in your work experience may also lead to a potential accounting job offer, making your transition to a permanent role smoother.
Our Terms And Conditions
- Candidates must begin their work placement within two weeks of completing the relevant training.
- The Job Placement is also referred to as an Internship or Work Placement.
- All accounting work placements are unpaid and are designed to provide practical experience in accountancy.
- A minimum commitment of 4 hours per week is required, and placements are conducted remotely.
- The work placement opportunity is available only to individuals who have completed practical training sessions with Future Connect.
- We are pleased to provide a reference upon successful completion of the work placement.
- Candidates must provide two referees before starting the work placement.
- The Job Placement is a voluntary service provided by Future Connect and does not have any monetary value.
- Future Connect reserves the right to discontinue this service without prior notice or compensation.
- Future Connect does not charge any fees for the job placement, and it is not a mandatory component of any training services provided.
- Future Connect reserves the right to change the terms of the Job Placement at any time without prior notice. Candidates are responsible for regularly checking for any updates to the terms and conditions.
Experience From Other Roles
If you’re thinking about switching to accounting, you might already have useful experience, as many skills needed for accounting can come from jobs with managerial or administrative tasks.
Having experience in other roles is often important for accounting jobs. Whether you’ve managed big projects or handled smaller tasks, you can use your organisational and time management skills in accounting to land even better jobs.
This can make a good impression on employers, as accountants need to solve financial problems and report on numbers.
The Q2022 AAT Qualification is great for those with little prior experience. It starts with basic concepts at Q2022 Level 1 and progresses to more advanced topics at AAT Level 4. With these qualifications, it will be easier to get work experience in accounting. To find out more, get in touch with us below.
Main Accounting Jobs
Choosing a career in accounting is a smart move. Accounting is a field that will always be in demand, offering numerous opportunities for growth. There are many different roles within accounting, ranging from entry-level positions to executive roles.
Salaries in accounting can vary widely depending on your job level. Entry-level roles like accounting clerks or assistant accountants typically earn between £30,000 and £40,000 per year. With experience, you can advance to higher positions, potentially earning £100,000 or more annually.
Here are some common accounting roles you might pursue:
- Accounts Assistant
- Assistant Accountant
- Finance Manager
- Credit Controller
- Financial Accountant
- Management Accountant
- Auditor (External/Internal)
Gaining experience through work placements is crucial for advancing in the accounting field. It helps you build the skills needed to compete effectively and demonstrate your abilities to future employers. With the right experience, you can move into higher-paying roles with better opportunities.
FAQs
Q.1. What is a Work placement?
A work placement is a period of supervised work where you gain practical experience in a specific sector under guidance.
Q.2. What are the advantages of completing work placements?
There are plenty of advantages to completing a work placement. Not only will you gain valuable experience in the accounting sector and enhance your skills, but also learn about how organisations function and the challenges they face.
Q.3.Do we need experience for Work placement?
Future Connect Training provides internships for trainees who have completed the practical accountancy training course with us. Prior experience is not required.
Q.4. How does Future Connect provide Accounting work experience?
We are providing work placement for those who have completed Q2022 Practical Accounting Training. You will work online, handling provided data, and submit your work to managers via email.
Q.5. How can I find accounting work experience?
To find accounting work experience, you can start by looking for job postings, networking with professionals in the industry, contacting accounting firms or companies, attending career fairs, and exploring online platforms that connect job seekers with employers.
Q.6. What tips can help me build a successful career in accounting?
To build a successful career in accounting, it's crucial to develop a strong work ethic, stay up-to-date with industry trends and regulations, seek professional development opportunities, build a professional network, and maintain a positive attitude and mindset.