Scope of A Career in Accounting & Administration in India

Accounting is the study of how businesses track their income and assets over time. Accountants handle multiple tasks such as preparing financial statements and recording business transactions. They also help in determining costs and efficiency gains from new technologies, devising strategies for mergers and acquisitions, quality management, have working knowledge of information systems to track financial performance, tax strategy, and health care benefits management.

Significance of Accounting:-

For a businessman, accounting is of high importance as it is necessary to ascertain the financial position of the company. It lets the manager make important future strategies for the smooth and profitable running of a business. Whether it is a profit-oriented business, a non-profit, a governmental agency, or a bank, accounting plays key role in decision making. The accounting staff of any organization helps to infer profit and loss of a business as well as to know financial position of business.

Scope of Accounting Jobs in India:-

The indispensable role of an accountant in any business organization, makes accounting a lucrative job in India. A professional qualification in accounting, prepares an individual for job opportunities in many branches of accounting in both government and private sectors. In order to get entry in this field one must be at least a graduate in commerce with one subject of accounting. With a master’s degree a person becomes eligible for most MNC jobs.

Significance of Administration:-
Administration job mainly deals with managing all the functioning of the business departments and reducing the work pressure of top level authorities. Emerging trends in technology have changed the scenario of business world where the office automation has gained an important position. The main job responsibility of an office administrator is to ensure the efficient performance of all departments in an organization. They act as a connecting link between the senior management and the employees. They provide motivation to the working employees and make them realize the goals of the organization. Each department has different requirements and they are clearly analyzed by the office administrator.

Scope Of Administration Jobs In India:-

Just like accounting administration jobs are also the backbone of any business organization. They help an organization in carrying their day to day functions. In India various national level exams like UPSC are held every year to provide opportunity to candidates looking for a career in Indian administration. For private jobs in administrative departments of organizations, years of experience and expertise makes an individual eligible for high positions. A newly graduated candidate can start his career as an office clerk and then move up the ladder of success.

Apart from graduation, good communication skills and proficiency in computers makes a person fit for both accounting and administrative jobs in India.