For those who are in search of Career in Finance this piece of information is helpful: There are endless opportunities beyond the typical accounting and finance careers outside of the usual accounting and finance occupations thanks to game-changing technology that are transforming the business scene.
The momentum of Industry 4.0 has changed how people think about, perform, and use accounting and finance. According to career analytics statistics, the accounting and finance industries will rise 6.1% over the next ten years, adding 1.4 million positions worldwide. There are newer vistas for those who have accounting or finance degrees and certifications. Here are a few options:
Film Production Accountant: While working in the film industry is a goal shared by many, are you wondering whether accountants play a part in this field? You can work behind the scenes with producers and film directors with a conventional accounting or finance degree combined with a specialised qualification like the CPA. The producer needs financial guidance throughout the entire filmmaking process, which may be one of the factors accounting and tax professionals have become so important in helping to find suitable locations for film shoots, estimate costs, pay salaries, file taxes, and support the film crew with local regulatory requirements. Due to the crucial role accounting plays in the production of movies, this is a chance to collaborate with famous people and broaden your network.
Forensic Accountant: Given that there are currently 690 million active Internet users, the rapid digitization of business has made financial control and fraud detection increasingly challenging. According to a recent report, 93% of corporate networks can be breached by cybercriminals, which could cause businesses to spend $1.75 trillion on cybersecurity by 2025. Financial companies seek out a financial or accounting specialist with forensic auditing subject expertise to solve the puzzle and uncover proof of financial crimes of all sizes. There are many opportunities if you have specialised knowledge in analysing financial statements critically, writing fraud reports, questioning embezzlers, understanding governance policies, a reasonable command of legal procedures, and being able to offer clients risk-averse and affordable strategies. In 2022, SMEs, education, healthcare, government, and defence were the industries that cybercriminals targeted the most.
Retail Finance Manager: Without strong financial acumen and extensive retail expertise, building a brand in the fashion sector can be challenging. Planning and carrying out long-term supply chain procedures that involve the cost, projection, budgets, headcount analysis, and performance will be made easier by an integrated financial certified professional. Therefore, dressing appropriately also involves having the appropriate financial appearance. Beyond just being beautiful, the fashion industry is a business and depends on a strong financial foundation to succeed. Are you a finance expert who can plan expenses intelligently, handle taxes and laws, make purchases from reputable merchants, negotiate contracts using spreadsheets, find money from investors, and monitor profit margins? Then you should consider a career in the fashion sector.
International Tax Specialist: Due to poorly managed or inaccessible financial data, tax departments of multinational firms operating in other countries face daunting hurdles in managing the abundance of regulatory and tax compliance obligations. Companies seek out an international tax expert to carry out intricate calculations of inbound and outbound cash transactions, negotiate transfer pricing and cross-border acquisitions and reorganisations, establish tax and treasury plans, and estimate risk. International tax consulting will be a good fit if you have experience with post-merger integration, value chain alignment, data risk and security, intellectual property, and tax planning, review, and reporting.
Finance Writer: The content consumer is king in the financial age of the future.. For business owners, clients, investors, corporate executives, and entrepreneurs, it's essential to develop captivating, imaginative, and trustworthy stories and information about current trends and events. To reach a large audience and build a strong clientele, finance writers also make use of cutting-edge research and narrative technology to offer their work a distinctive arc on both offline and social media channels.
Green Investment Specialist: The real estate industry in the nation is responsible for 22% of emissions, or one-third of all emissions worldwide. On the other hand, the country has experienced a 31% surge in green real estate as green homes have become the main trend to help India reach its zero-carbon target by 2070. With the aid of data-driven insights gleaned from cutting-edge technologies and automation intelligence, a green investment professional can now counsel firms and business owners on tax, compliance, regulation, and investment benefits. Additionally, he or she can forecast macrorisks influencing environmental health, create carbon credits for emitters, and assist customers, stakeholders, and the general public in diversifying their investment portfolios by funding green initiatives.
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