Jobs Accounting How To Get Accounting Jobs In Kenya by AtomCareer Editorial Team June 7, 2022 0 Comments In Kenya, accounting is a sought-after career. The accounting and finance industry is growing with more jobs becoming available every year. Accountants prepare financial statements for businesses and individuals and analyze numbers to assist business owners and managers. An accountant may work in an office or at a company’s location. They also prepare tax returns, manage budgets, and handle payrolls. Accountants are in high demand because they help companies make money and save money by keeping track of their finances and making sure they are doing things right. Here are other reasons why accountants are highly sought after: Accountants are needed to help businesses manage their finances and keep track of their profits and losses.Accountants prepare statements that show how much money a business or individual has earned or spent over time, which helps them plan for the future by showing where they need to put their money next so that they can meet their goals for the future (e.g., buying a house).Accountants work with other professionals such as lawyers, bankers and tax experts to ensure that businesses follow all laws regarding taxes, investments and other important aspects of running a successful business in Kenya or abroad. Accounting can be a good career, especially if you have the right skills and experience. There are several types of accounting positions available: bookkeeping, tax preparation and auditing. Bookkeepers maintain records of the money that flows through a business. Tax preparers complete tax forms for individuals and businesses. Auditors review financial statements to ensure they are accurate and complete. Table of ContentsRequirements For Becoming An Accountant in KenyaEducation RequirementsCertification RequirementsProfessional Experience RequirementsKnowledge of computerized accounting systems and software applicationsKnowledge of Accounting PrinciplesExcellent Communication SkillsAbility to work independently as well as within a team environmentSalaries For Accountants in KenyaCareers In AccountingAuditingTax AccountingForensic AccountingManagement AccountingGovernment AccountingCorporate Financial AnalysisConsulting AccountancyWhere To Find Accounting Jobs/Vacancies in KenyaConclusion Requirements For Becoming An Accountant in Kenya Accounting is a complex field of work that requires discipline, patience and attention to detail. It is also a lucrative career choice for those who have the right qualifications and experience. The following are some of the requirements for accountant jobs in Kenya: Education Requirements You need to have a degree in accounting from a recognized institution or business administration with at least five years of experience as an accountant. Certification Requirements You need to be certified by the Institute of Certified Public Accountants (ICPA) or Chartered Accountants (CA). In order to become a certified accountant in Kenya, you must graduate from a recognized CPA program at one of the many Institutions in the Kenya that offer this course. Employers generally require CAs to have at least three years of relevant work experience before they can apply for employment. Candidates can take the ACCA’s Level 1 exam after completing their education requirements, which involves studying for about two years on top of their bachelor’s degree program. After passing Level 1, candidates can take Level 2 and 3 exams to complete their training requirements. Professional Experience Requirements Most employers require you to have at least three years’ relevant work experience in accounting, auditing, or financial management such as working as an intern at an accounting firm or another organization that requires knowledge of accounting principles. Some employers may accept two years’ experience if you have an ICPA certificate or CA certificate. Employers also look for candidates who have relevant work experience in accounting or finance. Knowledge of computerized accounting systems and software applications Accounting systems and software are a necessary part of any business. They help to manage your finances and keep track of your money. Accounting software can help you to organize and track your income, expenses, and assets. It also helps you keep track of your transactions and manage cash flow. Accounting software is available in both online (cloud) and desktop versions. If you’re looking for an easy way to get started with accounting systems, here’s a list of some of the best accounting systems and software that are available: QuickBooks Desktop Software (Windows)**QuickBooks Desktop Software (Mac)**Xero Accounting Software** Knowledge of Accounting Principles The successful accountant needs to have a broad understanding of accounting principles, policies, standards, and procedures as well as a good understanding of the financial statements (balance sheet, income statement and cash flow statement). These standards include International Financial Reporting Standards (IFRS), GAAP, and IAS and their application in an international context. Excellent Communication Skills Communication is one of the most important skills in business. Without good communication skills, companies cannot function effectively. Good communication skills are essential for effective teamwork and collaboration. Communication also plays a critical role in leadership development. Leaders must be able to communicate effectively so that they can lead their teams effectively. The following are some of the key communication skills that are required for accountants: Ability to communicate effectively with all levels of management, employees, customers and other stakeholdersAbility to listen carefully and ask questions when neededAbility to give feedback (positive or negative) appropriately Ability to work independently as well as within a team environment Accounting is a team sport. You may be the lead on a project, but you are unlikely to be the only one working on it. In most cases, you will need to get input from others, and they will need yours. This is an important skill for accountants because it can be difficult to develop if you have never had the experience of working with others. Working independently as an accountant requires that you have good time management skills so that you can keep track of your own deadlines and meet them without any help from others. It also requires that you be able to multitask so that you do not lose track of what needs to be done next or how long something will take. If you work in a large firm, there will likely be teams of people working together on projects, which means being able to communicate effectively with them and work as part of the team without losing sight of your own responsibilities. The ability to work with both teams and individuals is crucial for accounting jobs. You will often be working on projects that involve more than one person and being able to interact effectively with all parties is vital. If you want to work as an accountant or auditor, it’s important to show that you have the right personality traits for this type of role. The job involves analyzing data and making sense of complex information, so it’s important that you are able to communicate clearly and effectively with other people in the workplace. Salaries For Accountants in Kenya A career in accounting can be a rewarding one, with ample opportunities for advancement and a range of potential employers. Accountants are needed in every industry, from health care to manufacturing and technology. Accounting is a fast-paced career, requiring professionals to keep up with changes in technology and government regulations. Because of this need for constant learning and improvement, accountants have some of the highest salaries in the Kenya. Accountant salaries depend on many factors such as the organization you work for, your qualifications and experience, location and the type of accounting work you do. The average salary for a chartered accountant in Kenya is Kshs. 230,000 per month. This is an average salary which means there are people who earn more than this while there are others who earn less than this. The salary of a CPA can be as low as Kshs. 80,000 – 120,000 per month depending on the experience and qualifications of the accountant. The best paid employers for accountants in Kenya include multinational companies and large private firms such as PricewaterhouseCoopers and Deloitte & Touche. The salaries for these companies are usually much higher than what other employers offer to their employees. Employers also offer bonuses to their staff depending on how well they have done their jobs. Careers In Accounting Auditing Auditors are independent professionals who provide assurance to the public that a company’s financial statements are accurate, reliable and comply with legal requirements. Are auditors regulated? Yes. Auditors are regulated by the Chartered Institute of Management Accountants (CIMA). Auditors must be certified by one of these institutes before they can practice as chartered accountants. What is the role of an auditor? An auditor’s task is to examine a company’s accounts to make sure that they present a true and fair view of its financial position and performance. The audit report should also give an opinion on whether any adjustments need to be made to those accounts. An auditor does not assess management’s performance but focuses solely on the balance sheet and profit and loss account. Tax Accounting A tax accountant is a professional who has been trained and licensed to prepare taxes. Tax accountants help taxpayers by calculating the amount of money they owe in taxes, including federal income tax, payroll tax, sales tax and property tax. Tax accountants can also help taxpayers with their personal finances by preparing budgets and offering advice on investments. Forensic Accounting Forensic accountants are often called upon to assist in the investigation of fraud and other financial crimes. Forensic accountants can be employed by private companies or government agencies, or they can work as independent contractors. The duties of a forensic accountant vary depending upon the work environment. In general, forensic accountants perform accounting and auditing services. They may also have additional duties such as: Investigating financial crimes, such as fraudulent accounting practices, embezzlement and money launderingConducting interviews with witnesses and suspects in criminal investigationsDetermining whether financial statements present a true picture of a company’s finances Management Accounting Management accountants are financial professionals who specialize in the management of companies. They compile and analyze financial data to help managers make sound business decisions. Management accountants may also be called general accountants, corporate accountants or industry analysts. As a management accountant, you’ll be responsible for monitoring and evaluating a company’s financial status. You’ll prepare reports and perform analysis on the company’s finances, as well as advise managers on how to improve their business practices based on your findings. Your job might include preparing monthly and yearly budgets, analyzing sales reports, auditing accounts receivable and performing annual tax filings. You’ll also assist with payroll preparation, budgeting and other accounting duties. Management accountants must have strong communication skills to effectively communicate with other members of the team — including non-financial personnel — as well as external stakeholders such as investors or outside auditors. They should be detail-oriented and able to work well under pressure in order to meet deadlines for reporting or filing expenses. Management accountants must also have good problem-solving skills because they’re often working with incomplete data sets that require creative solutions in order to pinpoint potential problems within a company’s finances. Government Accounting A government accountant is a person who works in the government sector and is responsible for maintaining the financial records of an organization. The job of a government accountant is to ensure that all financial transactions are recorded properly, ensuring that accounting errors are kept to a minimum. The main duties of a government accountant include preparing reports, providing advice on matters related to accounting and auditing, tax reporting and compliance, payroll preparation, budgeting and forecasting, analyzing financial data and making recommendations for improvements in business processes. The job of a government accountant can vary depending on where they work. For example, if you work for the national government, you may be required to prepare monthly reports that include budgets from various departments within the government. If you work in county government then your role will be more focused on managing budgets and payrolls rather than preparing reports for higher officials at other levels of government. Corporate Financial Analysis Corporate financial analysts are responsible for analyzing and evaluating the performance of companies. Their role is to provide information to help executives make informed decisions about a company’s financial condition, performance and future outlook. Corporate financial analysts may work for public or private corporations, or for government agencies or nonprofit organizations. They can be found in a variety of industries, including manufacturing, retail sales and services, insurance, pharmaceuticals, education and banking. The primary responsibilities of corporate financial analysts include: Developing forecasts based on assumptions about the economy and industry trends.Preparing reports that summarize key financial information.Analyzing current financial information to identify trends and opportunities. Consulting Accountancy Consulting accountants are a special kind of accountant who work with businesses to help them improve their financial performance. They typically start with a review of the company’s finances, then develop strategies to improve it. Consulting accountants can help businesses in a variety of areas: Tax planning: Consulting accountants can advise on how to minimize taxes through tax deductions, credits and other methods. They can also help businesses understand how changes to tax laws will affect them.Forecasting: Consulting accountants can help companies forecast future sales volumes and revenue streams. This is especially important for small businesses that don’t have enough experience to accurately predict their sales volume or revenue stream. It’s also useful for large companies that want to see how much money they’ll need to grow their operations over time.Cash flow management: Cash flow management is about making sure there’s enough money coming in to cover expenses and payrolls at all times. Consulting accountants can help companies manage cash flow by creating budgets and forecasts that tell them how much money they’ll need at different points in time in order to stay afloat financially Where To Find Accounting Jobs/Vacancies in Kenya There are numerous accounting jobs available in Kenya as there are many companies that need accountants. The most popular employers include multinational corporations such as Deloitte and Ernst & Young who have offices there. Other companies include Bank of America Merrill Lynch, Standard Chartered Bank and Standard Bank Group Limited among others. However, there are many options for getting accounting jobs in Kenya. Before you begin your search, you should know that there is no shortage of job opportunities available in this field. The first place to look for accounting jobs in Kenya is on the Internet. You can use any search engine and type in “accounting jobs kenya”. This will give you a list of websites that offer accounting jobs in Kenya or other related fields. You can then go through each website and find out what qualifications are required for the position and whether or not they match your skills and experience level. The best way to find accounting jobs in Kenya is through online job boards. You can also check out job sites like AtomCareer and search their databases for opportunities. While this is an easy way to find a job, we recommend that you apply directly to companies rather than waiting for them to come looking for you. This will increase your chances of getting hired. Another great way to find accounting jobs in Kenya is through networking. You may have friends or relatives who work at an accounting firm or some other business where they would be able to recommend someone with your qualifications for an opening at their company. If you don’t have any contacts yet, don’t worry because this can be one of the easiest ways to get started on your search. All you have to do is ask around until someone agrees to help! Conclusion Accounting is a worthwhile career option for all types of people, from those who want to work with numbers to those who want to make a difference in their community. Accounting careers in Kenya offer diverse work, high salaries and excellent opportunities for anyone who aspires to build a stable future. 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