FIN INANCE AND ACCOUNTING career Presented By : Patricia K Ogwal - - PowerPoint PPT Presentation

How to build a successful FIN INANCE AND ACCOUNTING career

Presented By : Patricia K Ogwal

Managing Partner- Patan & Associates

Accounting Finance

Definition Art of Recording Financial transactions, Summarizing reports and preparing financial statements Planning and distributions of organization/individual assets Clients Individuals, businesses, organizations, governments Individuals, businesses, organizations, governments Main Employers Public accounting firms, corporations, Forensic & Investigations, NGO Banks, corporations, Private Equity, Project Finance Financial Statements Responsible for preparing them Responsible for analysing them Viewpoint Backward looking Forward looking Focus Accuracy, reliability Insights, analysis Business Purpose Communicating the financial position Figuring out how to add value Thought Process Rules based Analysis based Attention to Detail High High Designations CPA, ACCA MBA, CFP

How to Build ild a Successful l Career (What is success?)

❖ Develop a Career plan that is based on your interests, goals and skills. (Short, Medium & long term). Answer your; WHY, WHAT & HOW Questions ❖ Build a robust personal resume- Brand, Advert, first impression ❖ Learn always. Must seek to improve yourself irrespective of what positions you are currently

• holding. CPDs, Meetings, Certifications-CPA, MBAs

Events, programs etc ❖ Attitude- Adaptability, Chemistry, Tenacity, Responsiveness and cost ❖ Add value at every stage ❖ Environment- Coaches, Mentors, Peers and work culture

OPPORTUNITIES WITHIN THE PROFESSION

✓Increased job market-estimated to grow between 9-19% in the next 6 years. ✓One of the highest paid professions of the world. ✓Learning opportunities ✓Diversity scope is wide” Analyst, Manager, CEO, Tax, Controller, Auditor , Public or Corporate accountant etc ✓Cloud accounting- Geographical barriers removed ✓Independence is achievable- establish your own firm to continue practicing

CHALLENGES

➢Continuous changes in laws and regulations ➢Advanced technology and reduction in routine assignment ➢Cyber threats ➢Cost of personal development is high ➢Integrity

The Futu ture It is already here

➢Cloud Accounting- Working remotely while traveling the globe ➢Block Chain- distributed ledger technology (DLT), is poised to render the usual system of double- entry bookkeeping obsolete ➢Artificial Intelligence – Machine learning process-accuracy & efficiency ➢Net Generation Mobile Apps- Profession on the move ➢Digital Currency- For example Cryptocurrencies like Bitcoin.

PATRICIA K OGWAL – Managing Partner- PATAN & Associates patanassociates@gmail.com +256 701901556/+256 772644709