How Can Practical Training Help You Build Your Career in Accounting?

Learning from books can give you a firm grasp of the ideas and concepts of the finances of a business, but they’re not always enough. The majority of what you need to know still comes from actual experience, and that’s how practical training can help you build your career in accounting! 

Why do you need experience in accounting? 

Accounting is vital to all kinds of businesses. It helps make sure that the business is profitable by tracking income and expenses and keeping them balanced. 

It takes a certain level of knowledge and skills to be able to manage the finances of a business well. That’s why most business owners look for professionals with demonstrated experience to help them.

If you’re planning to get your career in accounting and finance started soon, here are 5 reasons to go through practical training before you do:

1. An Improved CV

On average, job opportunities in accounting and finance receive over 200 applications at a time. Out of the hundreds that submit, only a few get selected for interviews, and the best one lands the job. 

What you put in your CV will speak volumes about you as a professional. A degree in accounting may look good on it, but supporting that with practical experience will make it stand out, especially when you’re competing against hundreds. 

2. Better Job Opportunities

As more businesses continue to open up, the demand for accounting professionals continues to increase too. Bigger companies prefer to hire professionals with experience over those who don’t. 

Going through practical training will help you get ahead of your competition and get access to better job opportunities. You will have an edge over those who don’t have the practical experience and higher chances of getting hired!

3. Better Application of Theoretical Knowledge

Colleges and universities teach a lot of theoretical knowledge. You may have learned about the basics there, but that doesn’t necessarily mean you know how to use them in real-life situations. 

The theories you learn in college or university give you an idea of the concepts being used in accounting and finance. Practical training, on the other hand, shows you how they’re used in actual businesses.

4. Stronger Analytical Skills 

Successful accountants demonstrate strong analytical skills. These skills are best learned through experience, not from theory. 

Practical training will put you through real-life situations that need analytical thinking. This will allow you to develop the necessary skill level to get hired and excel in a job in accounting and finance. 

5. Familiarity with Accounting Software

Businesses use different accounting software to help them track and balance their finances. If you’re going to work with them, you have to know how to use them! 

You can find materials that will help you learn about a certain software, but nothing beats hands-on experience. It will be easier to get familiar with the different accounting software if you get to use them on real finances, and that’s something employers would look for too! 

Take a practical training course so you have better chances of getting a job in accounting and finance! 

Practical experience is crucial to your career in accounting and finance. Invest in your experience and start your journey with Impactable! 

Impactable offers practical training for professionals seeking opportunities in accounting and finance. Contact us today for more information on our training programs!