Accountancy

Bea dela Cruz | General Accountant | The Hershey Company

What is Accountancy?

A Career in Accountancy is very intriguing. Almost everyone seems to be talking about How to start a Career in Accountancy, while one should first develop an understanding of What is a Career in Accountancy. It is best to learn about Accountancy from a real professional, this is akin to getting it from the horse's mouth.

General Accountant Bea dela Cruz has worked in Accountancy for 2 years. General Accountant Bea dela Cruz describes Accountancy as:

Accounting is an art of communicating financial information about a certain business entity to the users, such as investors, shareholders, who might find this information important and relevant for their decisions.

How General Accountant Bea dela Cruz got into Accountancy?

I graduated as a Bachelor of Science in Accountancy from Ateneo de Davao University in 2015. I formally worked as a tax auditor in Ernst & Young in Philippines for a year and a half before joining the Hershey Company as a general accountant. Currently, I am venturing into business applying all that I have learned from my work experiences at Ernst & Young and the Hershey Company.

General Accountant Bea dela Cruz's Talk on Accountancy

The Journey of a General Accountant: Bea de la Cruz's Insights on the Dynamic World of Accounting In the complex landscape of finance and business, the role of a general accountant stands as both a pillar and a guide. Bea de la Cruz, a seasoned professional with an impressive background in accounting, shares her wealth of knowledge and experience in this demanding yet rewarding field. With a Bachelor of Science in Accountancy from Ateneo de Davao University and impressive roles at Ernst & Young and Hershey, Bea delves into the intricacies of general accountancy, shedding light on education, skills, daily challenges, and the significant positives of this profession. This article aims to paint a vivid picture of what it means to be a general accountant through Bea's insights. What Is Accountancy? Accountancy is the art of communicating financial information about a business entity to its users, including investors and shareholders. It plays a critical role in the decision-making process for various stakeholders who rely on accurate financial data. As Bea describes, accountancy is not just about numbers; it is about understanding the narrative behind those numbers to reveal the health and trajectory of businesses. The field encompasses a variety of responsibilities, including bookkeeping, tax preparation, and financial reporting, all of which work towards ensuring that both companies and individuals have a clear financial pathway. Education Industry Knowledge Education in accountancy requires a solid grasp of the industry and its inner workings. As Bea notes, understanding the fundamental nature of accounting and its significance in the business environment is essential. This foundational knowledge equips accountants with the ability to navigate through various financial scenarios and apply critical thinking to problem-solving. Gaining insights into the broader context of financial operations also aids in developing innovative strategies that can benefit clients. Accounting Principles General accounting principles serve as the guiding framework for accountants in their practice. These principles dictate how financial statements should be prepared and presented, ensuring consistency and transparency across various industries. Bea emphasizes the necessity of a strong foundation in these principles, as they provide the essential tools for accountants to analyze and communicate financial data effectively. Rulings & Regulations The accounting profession is heavily influenced by legislative requirements and regulatory changes that demand an ongoing commitment to learning. According to Bea, staying updated with relevant rulings and regulations is imperative for accountants to provide high-quality services to their clients. The rapid pace of change in accounting laws necessitates continuous education and adaptation in order to maintain compliance and uphold ethical standards. Accounting Process Understanding the basic accounting process, which includes recording, classifying, and communicating financial information, is vital for any aspiring accountant. Bea highlights that these steps form the backbone of effective financial management. Mastery over this process allows accountants to produce accurate reports that inform decisions, keep track of transactions, and maintain detailed records for auditing purposes. System Software In today’s digital world, being well-versed in various accounting software is a critical requirement for accountants. Bea stresses the importance of proficiency in systems like SAP, which streamline data management and reporting. Familiarity with accounting technology enables accountants to enhance their efficiency and accuracy, allowing for more effective service delivery to clients. Various Industry Knowledge Bea notes that accountancy isn't a one-size-fits-all profession; it varies significantly across different sectors, including agriculture, manufacturing, and business outsourcing. A solid understanding of industry-specific practices and challenges enables accountants to provide tailored advice and solutions that meet the unique needs of their clients. Skills Analytical Analytical skills are at the core of accountancy, enabling professionals to interpret financial information, identify patterns, and make data-driven decisions. Bea points out the misconception that accounting relies solely on advanced math skills; it primarily revolves around analytical thinking and evaluation of numerical data to derive meaningful insights. Technical An accountant must possess strong technical skills that encompass understanding processes like recording, classifying, and reporting financial data. Technical proficiency ensures accuracy and compliance with accounting standards, making it crucial for accountants to remain updated on the latest practices and technologies in the field. Diligence Diligence is an essential mindset in accounting, as it entails a strong work ethic and commitment to quality output. Bea mentions that this profession requires considerable effort, not only in gaining knowledge but also in executing tasks with precision and care, which can often be quite challenging. Patience Working with numbers and intricate details in accounting requires a high level of patience. As Bea articulates, the need for focus and concentration is vital, especially when dealing with complex financial records or during busy periods that involve tight deadlines. Accuracy Keen attention to detail is paramount in accounting. Bea emphasizes that precision in processing and analyzing information ensures that the reports generated are reliable and reflect true financial conditions. This skill is critical in avoiding costly mistakes and maintaining client trust. Interpersonal & Communication While accounting is often perceived as solitary work, interpersonal skills are equally important. Engaging with clients and colleagues, as Bea describes, helps facilitate effective communication and collaboration. These interactions are essential for understanding client needs and delivering tailored services. Time Management Timely delivery of reports and compliance filings can be a significant challenge in accountancy. Bea notes that accountants must master time management to juggle multiple deadlines effectively, often requiring overtime work during peak periods. Efficient time management maximizes productivity and improves service quality. Positives Business Operations One of the most rewarding aspects of being an accountant is gaining a comprehensive understanding of how businesses operate. Bea shares that knowledge of various regulations and financial management principles prepares accountants for future business ventures, providing them with essential insights that can contribute to success. Self-development The accounting profession fosters personal growth and the development of key professional traits. According to Bea, her experiences in accounting have shaped her work ethics and discipline, which are invaluable in any career path she chooses to pursue. Continuous Learning The ever-evolving nature of accounting ensures that professionals are constantly learning. Bea highlights that rapid changes in laws and industry practices keep accountants engaged and informed, allowing them to remain at the forefront of their field. Monetary Benefit Bea acknowledges that accounting offers competitive compensation and benefits, especially in reputable companies. Financial stability and growth potential are significant positives that attract many to this profession. Prestige The accounting profession is often viewed as prestigious and complex, especially within specialized areas like tax services. As Bea explains, this recognition typically translates to higher demand for skilled accountants, which further enhances job security and career advancement opportunities. Challenges Meeting Deadlines One of the most pressing challenges faced by accountants is the pressure of meeting strict deadlines. Bea explains that often, work output is contingent on timely information from clients, which can lead to stress when delays occur. This situation demands adaptability and excellent time management skills. System Glitches Accountants frequently rely on technical systems and software, which can sometimes fail unexpectedly. Bea describes instances when system downtimes impede their ability to process information effectively, underscoring the need for systems to be reliable while also preparing for contingencies. Difficult People Dealing with challenging individuals is a reality in the accounting profession. Bea notes that the high stakes of financial dealings often lead to stressful interactions, making interpersonal skills essential for navigating difficult situations and maintaining professional relationships. Scope Limitations Accountants may encounter limitations dictated by the scope of the information provided by clients. Bea illustrates that when clients fail to supply complete documents, the resultant reports may not reflect the true financial picture, posing a challenge in delivering quality outputs. Work Environment The nature of accounting work can create a stressful work environment, particularly during busy seasons. Bea emphasizes that the fast pace can sometimes lead to a high-pressure atmosphere, requiring professionals to build resilience and cope effectively with demands. A Day Of Accountancy In a typical day, an accountant like Bea engages in a variety of tasks that may include fieldwork, collaboration with co-workers, and client interactions. She emphasizes the importance of gathering comprehensive information during client visits to inform the financial outputs that are generated. Accountants may also face the added pressure of impending deadlines, sometimes necessitating late nights or overtime, yet they also find moments to bond with colleagues during down time. This blend of strenuous effort and camaraderie is a characteristic element of daily life in the accounting profession. Bea de la Cruz's insights into the world of accounting reveal both the challenges and rewards that define this essential profession. The role of general accountant is not just about managing numbers; it is about guiding businesses through their financial journeys while continuously learning and developing. As the business landscape evolves, accountants like Bea play a pivotal role in ensuring that financial information is not only accurate but also useful for making informed decisions.

Install the LifePage App to:

(for Free) Watch General Accountant Bea dela Cruz’s full Accountancy Career Talk

₹ Do a Self Assessment on Accountancy to calculate your Dream Index, which is defined as:

According to Bea dela Cruz your chances of success in Accountancy is __%

Access your personalized Dream Index Report which will have all your Dream Indices sorted in descending order.

How to get into

Accountancy?

If you are want to get into Accountancy, start by investing in a Career Plan.

The 14 hour process, guided by a LifePage Career Advisor, will help you introspect and check whether your interest in Accountancy is merely an infatuation or is it truly something you wish to do for the rest of your life.

Next, your Career Advisor will help you document how you can get into Accountancy, what education and skills you need to succeed in Accountancy, and what positives and challenges you will face in Accountancy.

Finally, you will get a Career Plan stating which Courses, Certifications, Trainings and other Items you need to do in the next 7 years to become world’s best in Accountancy.

LifePage Career Plan

14 hour personalized guidance program

Your LifePage Career Advisor facilitates your guided introspection so that you systematically explore various Career options to arrive at a well thought out Career choice.

Next: your Advisor helps you figure out how you will get into your chosen Career and how will you develop the skills needed for success in your Chosen Career.

LifePage Plan will not stop at saying "to become an Architect study Architecture". It will guide you on which Certifications, Trainings and Other items you need to do along with your Architecture education to become the world's best Architect.

Links for this Talk

General Accountant Bea dela Cruz's LifePage:

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

LifePage Career Talk on Accountancy

[Career]
https://www.lifepage.in/careers/accountancy-4

[Full Talk]
https://lifepage.app.link/20180425-0003

[Trailer]
https://www.youtube.com/watch?v=zkICOfb4smQ

(Accountancy, Bea dela Cruz, The Hershey Company, General Accountant, Auditing, Tax, Accounting, Economy, Business, Finance)

Similar Talks

Chartered Accountancy

Saurabh Agarwal
Managing Partner | Saurabh Agarwal and Company

[ 8 years & 10 months Experience ]

Chartered Accountancy begins and focuses on accountancy. It is the art of record keeping and documentation of financial transactions. It involves compliance of various laws and the tax incidents pertaining to each transaction.

"After completing my CA course in 2003, I started practicing. It's almost 13 years, I am practicing the same and currently, I am the Managing Partner at Saurabh Agarwal and Company."

Accountancy

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

[ 2 years & 2 months Experience ]

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.

"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."

Chartered Accountancy

Harshit Gupta
Partner | N Kumar Gupta & Associates

[ 4 years Experience ]

A Chartered accountant is one who is specialised in accounting, auditing and taxation. He also serves as a management and corporate caretaker. Some are engaged in public practice work, others work in the private sector and some are employed by government bodies.

"I did B Com (H) from Khalsa College, DU. I did a professional course in Chartered Accountancy alongside. I became a certified Chartered Accountant in 2013. I worked at Ernst & Young for a year for corporate experience. I joined my family firm N Kumar Gupta & Associates as a Partner."

Independent Accountancy

Luisa Amelia Miranda
Accountant | Various Assignments

[ 35 years & 8 months Experience ]

The public accountant is a tax, labor and commercial adviser, related to any type of activity, with and without profit. For profit is when, it refers to making profits either by companies or clients and non-profit are those NGOs or civil associations that need the advice of an accountant to carry out an activity

"I practically liked the commercial activity at the age of 13. Therefore I decided to do my secondary in The School of Commerce Republica de Panama in Concepción, Tucumán, Argentina. There, I graduated in the year 1974, with a secondary degree with commercial orientation. Once I finished my high school I entered the UNT in 1975 and got my degree as an accountant in October 1979. At the end of the first year, I was hired in an internship at the Science and Technology Department, as a translator because I knew English since I had been awarded a scholarship for one year in the United States. The work consisted in making Spanish translations of the Latin American index of poverty. Once I finished university, I returned to my hometown and began working as a teacher in the School of Commerce Republica of Panama, teaching subjects related to my profession. "

Accountancy

Nisha
Account Assistant | Pioneer Property Zone

[ 8 years & 5 months Experience ]

Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations. It is basically the process of managing the income and expenses of a business.

"I was born and brought up in Dehradun. After completing my M Com I worked with an advocate for 6 years and since 2016 I am working with Pioneer Property Zone at Pacific Mall as an account assistant."

Chartered Accountancy

Ashish Kumar
Deputy Finance Officer | DIT University

[ 15 years & 2 months Experience ]

A Chartered Accountant is one who is specialised in accounting, auditing and taxation. He also serves as a management and corporate caretaker. Some are engaged in public practice work, others work in the private sector and some are employed by government bodies.

"I am a Graduate and Post Graduate in Commerce. I have done MBA in Finance. I am also a qualified Chartered Accountant. I have worked with companies like Subros Ltd, Indian Synthetic Rubber Ltd, Technos Electronics Ltd, UPES, PTCUL. I also worked with many CA firms including Davinder SJJAJ & Co, Pradeep Gupta. I am Deputy Finance Officer at DIT University."

Chartered Accountancy

Samir Mahajan
Partner | Surinder Mahajan & Associate

[ 12 years Experience ]

Chartered Accountants offer financial advice, audit accounts and provide trustworthy information about financial records. This might involve financial reporting, taxation, auditing, forensic accounting, corporate finance, business recovery and insolvency, or accounting systems and processes.

"After doing my schooling from Jalandhar, I did my B com from Punjab University and then did my CA from ICAI, Delhi. I worked with Infosys Technologies, Bangalore as a part of Corporate Finance Team and Price Waterhouse Coopers with International Tax Team. I am working as a partner in Surinder Mahajan & Associates."

Chartered Accountancy

Pooja Agrawal
Partner | Batra Agrawal Associates

[ 3 years Experience ]

Chartered Accountants were the first accountants to form a professional accounting body, initially established in Scotland in 1854

"After completing my Schooling from Apeejay, Faridabad, I did graduation in Commerce from SRCC, Delhi University. I have worked with Ernst and Young and Deloitte. Today am a Partner at Batra Agrawal Associates. I have been working as a Chartered Accountant since 2014."

Accountancy

Satpal Singh Gandhi
Head of Audit Section | GMVN

[ 27 years & 3 months Experience ]

Accountancy or accounting is the job of sharing financial information about a business to managers and shareholders. Accountants are people who do accounting, and also carry out the auditing or checking of a company's books and records.

"I did my B Com and M Com from Garhwal University, I also did CMA (Certified Management Accountant) in 1992. I am working with GMVN in the accounts department since 1991."

Chartered Accountancy

Anshul Jain
Chartered Accountant | Godfrey Phillips India Ltd

[ 7 years & 4 months Experience ]

Chartered Accountant offer financial advice, audit accounts and provide trustworthy information about financial records. This might involve financial reporting, taxation, auditing, forensic accounting, corporate finance, business recovery and insolvency, or accounting systems and processes.

"After completing my CA course, I worked with different companies like Bharti Airtel and Nangia & Co Chartered Accountants. I am working with Godfrey Phillips India Ltd since 2016."

Chartered Accountancy

Deepak Dubey
Chartered Accountant | Dubey and Company

[ 31 years Experience ]

Chartered accountant offer financial advice, audit accounts and provide trustworthy information about financial records. This might involve financial reporting, taxation, auditing, forensic accounting, corporate finance, business recovery and insolvency, or accounting systems and processes.

"After completing my Schooling from St Georges College, Mussoorie, I did my Graduation in B Sc from Hansraj College, Delhi University. I then did my LLB from Faculty of Law. I worked at various places as a Chartered Accountant and finally opened my own company Dubey and Company in 1987."

Chartered Accountancy

Harshit Gupta
Partner | N Kumar Gupta & Associates

[ 5 years & 7 months Experience ]

Accountancy

Kamal Kishore
Head, Accounts Department | Summer Valley School

[ 29 years & 9 months Experience ]

Accountancy is the practice of recording,classifying,and reporting on business transactions for a business. It provides feedback to management regarding the financial results and status of an organization.

"I did B Com and M Com from DAV College, Dehradun. I joined Doon Valley Pipes Ltd as an accounts officer and in 1997 I switched to Summer Valley School, Dehradun. I am Head of Accounts Department."

Accounting

Aarti Bisht
Accountant | Vkj Private Ltd

[ 5 years Experience ]

Accountancy is the practice of recording, classifying, and reporting on business transactions for a business. It provides feedback to management regarding the financial results and status of an organization.

"I did my B Com from DAV PG College, Dehradun. After that, I worked as an Accountant at Vkj Private Ltd."

International Accounting

ACCA Amit Kumar
Founder & CEO | Pramisha Business School

[ 10 years Experience ]

International accounting is a specialty within the entire discipline that is focused on using specific accounting standards that are as relevant in the US as they are when you are balancing the books of a company overseas.

"After completing my B Com, I did ACCA and started working at Piron Corporation as a Sr Manager. I worked there for almost 3 years and in 2012, joined Axis Risk Consulting in their Accounts and Audit Support Group. After gaining good amount of experience, I started my own business school called Pramisha Business School, which aims to offer world-class business qualification known as ACCA UK to bridge the skill gap in the corporate with sound ethical industry ready professionals with an expertise in IFRS, International Standards of Auditing, UK Taxation, Performance Management, Financial Management and Global Business Law."