Accountancy

Hari Prashad Krishna | Accounts Clerk | D A V PG College, Dehradun

What is Accountancy?

A Career in Accountancy is very intriguing. One should first understand What a Career in Accountancy entails before investing time and effort to figure out How to start a Career in Accountancy. Just like you would normally not trust a non Doctor with names of medicines, you should also not trust opinions about Accountancy from non professionals.

Accounts Clerk Hari Prashad Krishna has worked in Accountancy for 2 years & 2 months. Here is how Accounts Clerk Hari Prashad Krishna detailed Accountancy:

Accounting or accountancy is the measurement, processing and communication of financial information about economic entities. Accounting can be divided into several fields including financial accounting, management accounting, auditing, and tax accounting.

How Accounts Clerk Hari Prashad Krishna got into Accountancy?

After completing 10th, I joined D A V PG college, Dehradun as an accounts clerk and there I completed my 12th and graduation. As an accountant, I was handling Salary, Attendance Maintenance, Due Payment etc.

Accounts Clerk Hari Prashad Krishna's Talk on Accountancy

The Journey of an Accountant: Hariprashat Krishna’s Insights into a Fulfilling Career In the realm of finance and management, the role of an accountant has always been integral, navigating the complexities of numbers and regulations. Hariprashat Krishna, a seasoned accountant from D.V. College, shares his invaluable experiences and insights into a career that has spanned decades. From his initial days as an accounts clerk in 1964 to the nuanced understanding of accountancy today, Hariprashat's journey is a testament to dedication, continuous learning, and adaptability within this critical profession. This article will delve into the essence of accountancy, the educational path one takes, essential skills required, the benefits and challenges of the career, and what a typical day entails for an accountant like Hariprashat. What Is Accountancy? Accountancy is a detailed and crucial field that encompasses the systematic recording, reporting, and analysis of financial transactions. The profession goes beyond mere numbers; it serves as the backbone of a company's financial health. Accountants are responsible for managing financial records, preparing reports, and ensuring compliance with regulations. As Hariprashat illustrated through his experiences, accountancy can range from handling individual professor salaries to managing institutional financial operations. This multilateral role emphasizes the importance of accuracy and the significant impact accountants have on decision-making processes within organizations. Education Basic Accountancy Education served as the foundation for Hariprashat Krishna's career in accountancy. He commenced his academic journey at D.V. College after completing high school, where he learned the basics of accountancy without the necessity of formal courses that are now a requirement. His experiences shed light on the evolving landscape of education in accountancy, which has become increasingly structured and essential for aspiring accountants today. In earlier times, practical experience often outweighed formal qualifications, but in contemporary settings, a solid educational background is crucial for success in this competitive field. Skills Communication Skills Effective communication is a vital skill for any accountant, as emphasized by Hariprashat. Throughout his career, he faced various interactions with professors and colleagues, often navigating the nuances of financial discussions with tact and clarity. For example, addressing concerns about payment delays required not only an understanding of the financial processes but also the ability to communicate respect and urgency to stakeholders. Strong communication skills foster harmonious professional relationships and facilitate smoother operations within accounting roles. Time Management Time management emerged as a significant skill for Hariprashat during his tenure at D.V. College. He encountered workload challenges that demanded efficient prioritization of tasks. Hariprashat's insights reveal that effective time management contributes greatly to productivity and reduces stress in a fast-paced accounting environment. Learning to balance competing responsibilities while maintaining quality output is essential for enduring success in the field of accountancy. Honesty and Integrity The values of honesty and integrity are hallmarks of the accounting profession, as Hariprashat consistently pointed out. An accountant's role involves handling sensitive financial information, making ethical standards paramount. Demonstrating reliability in his work boosted Hariprashat's credibility, fostering trust among colleagues and supervisors alike. Upholding these principles not only strengthens professional relationships but also aligns with the ethical obligations faced by accountants across the industry. Positives Gain Knowledge One of the most rewarding aspects of being an accountant, as conveyed by Hariprashat, is the continuous opportunity for knowledge acquisition. The field of accountancy is ever-evolving, influenced by changes in policies, technologies, and financial strategies. This dynamic nature allows professionals to expand their expertise continually, making each day a learning experience. Hariprashat's journey underscores the fulfillment derived from adapting to new challenges and staying updated with industry trends. Tension Free Work Another positive highlighted by Hariprashat is the relatively tension-free work environment that accountancy offers. While the responsibilities can be demanding, the structured nature of accounting roles often leads to predictable workflows. This sense of stability can ease work-related stress, as accountants typically have defined processes and expectations, allowing them to focus on delivering quality results. Friendly Work Environment Hariprashat also appreciated the friendly work environment that often characterizes accounting teams. Collaboration and teamwork are essential, and valuing supportive relationships among colleagues can lead to a more enjoyable workplace experience. As colleagues work together toward common financial goals, they often develop camaraderie that enhances job satisfaction and morale. Challenges Less Salary Despite the rewards of a career in accountancy, Hariprashat candidly addressed the challenge of relatively low salary levels often associated with entry-level positions in this field. He reflected on how initial compensations may not always align with the skills and efforts invested in the role. However, he emphasizes that as accountants gain experience and advance in their careers, the financial benefits tend to improve, making it a worthwhile investment in the long run. A Day Of Accountancy A typical day in accountancy for Hariprashat involves a mix of routine tasks and inter-departmental coordination. Starting with reviewing financial records and preparing necessary reports, he navigates through various responsibilities that include processing payments, managing budgets, and ensuring compliance. Throughout the day, he engages with colleagues, answering queries and collaborating on projects. Varying workloads require adaptability, and time management plays a crucial role in how effectively he can handle the diverse tasks related to accountancy. In summary, the journey of an accountant, as illustrated by Hariprashat Krishna’s insights, is filled with both challenges and rewards. This profession not only requires a solid educational foundation and essential skills but also embodies values of integrity and consistency. Accountants play a vital role in the financial health of organizations, and their contributions are invaluable in navigating the complexities of modern economics. As the field continues to evolve, the essence of accountancy remains a cornerstone of professional practice, making it a meaningful career choice for those passionate about finance and management.

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How to get into

Accountancy?

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Links for this Talk

Accounts Clerk Hari Prashad Krishna's LifePage:

[LifePage]
https://www.lifepage.in/page/hariprashadkrishna

LifePage Career Talk on Accountancy

[Career]
https://www.lifepage.in/careers/accountancy

[Full Talk]
https://lifepage.app.link/20160928-0001

[Trailer]
https://www.youtube.com/watch?v=rUmW_5Edurc

(Accountancy, Hari Prashad Krishna, D A V PG College, Dehradun, Accountancy, Financial Accounting, Auditing, Accounts, Accountants, Finance)

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