Candidates aspiring in the accounting and financial sector would find it very difficult to get into an entry level accounting job.Having a different accounting skills set to stand out from the crowd is what Candidates in 2024 need to show in Canada’s competitive market in 2024, Candidates must demonstrate a distinct accounting skills set that today’s employers are seeking to stand out from the crowd. In this article are comprehensive guide of the top 5 most significant key essential competencies need to highlight your list of accounting and financial career that you need to place on the resume in order to create a good impression on the accounting field.

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Is Accounting or Finance a good career in Canada?

The answer is “Yes”. Accounting is a compulsory part of all business to analyze corporate finance performance and productivity, but accounting also provides a host of different careers for people who begin the path of accounting; bookkeeping, auditing and payroll administration. Corporate accounting and finance professional jobs also show signs of steady growth of 5% in the coming five years, according to the statistics from Job Bank Canada, for an estimated 88,000 new accounting-related positions, fuelled by the burgeoning needs for marketing as well as business expansion.

The average salary for accounting participants is right in the ball park at roughly CAD 60,000, but varies by province, skills level and work experience. If you’re seeking a job or considering a career in the accounting industry, then getting these 5 keys competencies on your resume to land an accounting job shouldn’t be anywhere in your mind.

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5 Essential Accounting Skills On Your Resume

Proficiency in Accounting Software

The Accounting Software proficiency is one of the compulsory skills required in today’s digital world for accounting professionals. QuickBooks, Sage 50, SAP and other accounting tools make accounting professionals’ work quite easy and accurate in financial tasks. The tech has shifted work automation priorities to candidates who leverage those technologies to speed up mundane work like filing tax returns, financial risk analysis and development of best financial practice to create profitable reports on financial data. Resume with demonstrated experience with these accounting tools, qualities that show you are a good fit for the very fast paced industry, showcasing your technical skills and adaptability to a new environment.

Knowledge of Tax Laws and Regulations

Accounting professionals are engagements to account for corporate financial analysis, as well as responsible for meeting federal and provincial specific tax requirements, however, it’s vital to comprehend tax laws and present regulations. Canada and its provinces have independent and complex tax systems such as GST, income tax and corporate profit tax, and their systems compared to other countries are complex.These highlights on your accounting job application won’t be something that you’ll want to miss out on if you’d prepare accurate tax returns, identify tax saving opportunities, avoid legal pitfalls, and account for accounting workers who are familiar with the tax system.ompared to other countries, Canada and its provinces have independent and complex tax systems, including GST/HST, income tax and corporate profit tax. Accounting workers who are familiar with the tax system could prepare accurate tax returns, identify tax-saving opportunities, and avoid legal pitfalls.You won’t want to miss these highlights on your resume to help employers prioritize your accounting job application.

Data Analysis and Management

Data analysis and management are an essential backbone to the accounting profession for corporate making profit – driven development and decisions that ultimately impact on a company’s financial health positively. If you want to get an accounting job as an entry, you would better study hard on computer business applications like Excel,SQL, data visualization program to analyze and interpret the financial data, profit or loss, provide useful data and data mining to improve the work. With so many Canada businesses hopping on the database and accounting bandwagon that’s where you can showcase your ability to work with and interpret large datasets that differentiate you from other candidates.

Financial Analysis

Accounting and financial analysis always comprises an important part of accounting that is the financial report, in order to review the financial statements, budgets and forecasts of the company so that the business is conducted well. The skills include trend analysis, financial ratio analysis to evaluate profitability, liquidity and solvency to strengthen companies competitiveness, key performance indicators (KPI) matching business objectives, analyze variances between actual and budget figures, analyzing insights that facilitate strategic decisions. If you have financial knowledge from your education or past work experience then it’s really beneficial for your opportunities to be picked by an employer.

Business Communication Skills

For accounting professionals, good business communication skills are essential, as we saw above. Strong communication skills mean you also know how to relate to and respect different views, since Canada is a place for businesses which often require working in a multicultural environment. Having deep understanding of business writing could show that candidates have the ability to establish excellent business relationships with clients in order to take business to a higher level.

4 Advantages of CCC College Accounting Diploma

Tailored Program Design To Achieve Success in Accounting Sector

The 2 Year Accounting Diploma at CCC College provides trainees complete fundamental leveraging accounting principles, business law, Sage 50, Quickbooks, bookkeeping, payroll administration, taxation, finance, so that upon completion, one is ready for the rapidly changing accounting industry. Lectures, assignments and co-op work placement combine to provide a solid foundation toward the required standard of the Chartered Professional Accountant (CPA) and Public Business Accountancy, in preparation for a career toward the end of the diploma.

100% Full-Time Co-op Work Placement

Create Career College’s Accounting Diploma program provides a comprehensive, hands-on curriculum and develops students with a 100% full-time co-op work placement. With the co-op work placement, students gain full time work opportunities in related accounting fields with local business allowing to gain insights of industry practice and build a professional network of contacts, all from the comfort of a full-time study schedule.With graduation from CCC College, graduates are ready to apply their classroom learning for a successful career in accounting.

Canadian Professional Bookkeeper Canada(CPB Canada) Partnership

CCC College has been delighted to announce the partnership with Canadian Professional Bookkeeper Canada(CPB Canada) in 2024 to get the diploma certified in the line of bookkeeping to meet high standards for the profession. Evidence from nationalized institutions will raise the competitiveness of graduates in the accounting industry. Meanwhile graduates will be able to access student membership benefits, which include on-going education and networking with bookkeeping professionals from across Canada.

All-Round Career Support

At CCC College, we value our students’ success in both academic and career. Our Co-op Specialist will provide a solid plan for you through every step of your career journey, from co-op opportunities to job fairs and workshops, resume and interview preparation, and even the expert HR advice.If you are a person planning your career in accounting or related fields, please feel free to contact our Admission Department student advisor for more course detail and career support.

Conclusion

As a result of the growth of Canada economic environment, companies are projected to require more accounting and financial jobs, particularly business entry level position, in test of the prospects of their business expansion. The skills mentioned above are a great opportunity for you to be a secured entry level accounting job as your starting point in your career path as accounting.

If you have no accounting background and want to get into accounting field for the first step, CCC College 2 Year Accounting Diploma with Co-op work placement can give you full accounting concept and skills so you can easily succeed on your career in the accounting industry. We provide comprehensive assistance to students on study and work path to achieve your career goal through our student advisors. Always our first priority — your success.

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