Independent Accountancy

Luisa Amelia Miranda | Accountant | Various Assignments

Independent Accountancy

Luisa Amelia Miranda
Accountant | Various Assignments

[ 35 years & 8 months Experience ]

What is Independent Accountancy?

A Career in Independent Accountancy is very interesting. Almost everyone seems to be talking about How to start a Career in Independent Accountancy, while one should first develop an understanding of What is a Career in Independent Accountancy. The most authoritative source of information on Independent Accountancy is someone with real experience in it.

With 35 years & 8 months of professional experience, Accountant Luisa Amelia Miranda understands Independent Accountancy. According to Accountant Luisa Amelia Miranda, Independent Accountancy is:

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

How Accountant Luisa Amelia Miranda got into Independent Accountancy?

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.

Accountant Luisa Amelia Miranda's Talk on Independent Accountancy

The Journey of a Public Accountant: Luisa Miranda's Path to Independent Success Luisa Miranda, an accomplished public accountant based in Argentina, offers an insightful look into the world of independent accountancy. With a career that spans decades, Luisa has cultivated a rich expertise that not only highlights the professional's role but also shares the unique challenges and gratifications encountered along the way. This article delves into Luisa’s educational background, skills required in independent accountancy, the positives of her career, and the challenges that come with it, all while providing a glimpse into the daily life of an independent accountant. What Is Independent Accountancy? Independent accountancy refers to a branch of accounting where professionals, like Luisa, provide services to a variety of clients on a freelance basis, rather than being employed by a single organization. This role encompasses numerous responsibilities, including tax consulting, labor relations, and overall financial advice to both profit and non-profit entities. Independent accountants must navigate a complex landscape of legal regulations and financial requirements, using their expertise to guide clients toward compliance while optimizing their financial strategies. Luisa's experience has solidified her understanding of these diverse responsibilities and the vital role she plays in her clients' success. Education Financial Maths and Stadistics An essential foundation for any accountant, financial mathematics and statistics equip professionals with the quantitative skills necessary to analyze and interpret financial data accurately. For Luisa, her journey began in high school at the Escuela de Comercio República de Panamá, where she developed an early affinity for commerce. This foundational knowledge became particularly useful when she later attended the Universidad Nacional de Tucumán, where she graduated with a degree in accounting, which encompasses these critical mathematical and statistical principles. Commerce The study of commerce is critical for independent accountants, providing them with the essential understanding of business operations. Luisa's educational journey emphasized the importance of this knowledge, which allowed her to understand the commercial aspects of her client's enterprises. This comprehension enables her to offer relevant advice, particularly in relation to tax obligations and business profitability. Commerce and Labour Laws Understanding commerce and labor laws is vital for accountants who navigate the complex legalities governing business operations. Luisa has often articulated the necessity of staying abreast of national and provincial regulations, which directly impact her clients' business practices. This legal knowledge helps her provide well-informed advice and ensures compliance with various laws that govern labor relations and financial transactions. Economy A solid grasp of economic principles equips independent accountants with the analytical prowess needed to assess their clients’ financial situations. Luisa utilizes her economic knowledge extensively, enabling her to advise clients on investment strategies and optimizing their profits based on market conditions. Such understanding not only fosters trust but also instills confidence in her advisory role. Skills Analytical thinking Analytical thinking is a fundamental skill for accountants, enabling them to evaluate complex data and provide strategic insights. For Luisa, this skill means assessing her clients' operations, understanding their unique challenges, and delivering tailored recommendations that drive success. Her keen analytical ability helps her identify tax-saving opportunities while maintaining strict compliance with regulations. Interpersonal Strong interpersonal skills are crucial for independent accountants as they must communicate effectively with clients across diverse industries. Luisa believes that establishing rapport and trust with clients is paramount in ensuring they feel comfortable seeking advice on financial decisions. Her ability to convey complex information in an understandable manner fosters lasting working relationships that are beneficial for both parties. Computer Skills In today’s digital age, proficiency with technology is indispensable for accountants. Luisa's experience highlights the importance of computer skills, particularly in managing bookkeeping tasks and submitting necessary documentation to government agencies. With the shift towards digital platforms for filing taxes and tracking finances, her technological adeptness allows her to streamline operations and maintain accuracy in financial reporting. Time Management Time management is a key aspect of an independent accountant’s professional life, especially given the lack of a structured schedule. Luisa emphasizes the importance of effectively balancing multiple responsibilities—from client consultations to administrative duties—to meet deadlines and maintain a high level of service. Her organizational abilities enable her to manage her time efficiently, ensuring that she meets the demands of her diverse clientele. Positives Job Opportunity The accounting profession presents a wealth of job opportunities, and independence in this field enables professionals like Luisa to explore various avenues. Whether working with private clients, businesses, or public institutions, the flexibility of the role allows for growth in multiple sectors. Luisa's path reflects this potential, showcasing the diverse possibilities available within accounting. Be Your Own Boss One of the most appealing aspects of being an independent accountant is the autonomy that comes with the role. Luisa enjoys the freedom of setting her schedule and making decisions that best serve her clients. This independence allows her to balance her professional commitments alongside personal pursuits, a sentiment she cherishes deeply. Useful in Daily Life Luisa describes her training as not only beneficial for her clients but also as serving her personal life. The skills and knowledge she acquired as a public accountant aid her in managing her own business and personal finances. This dual application reinforces the value of the profession in everyday decision-making, extending its relevance beyond the workplace. Work Life Balance The flexibility of her position allows Luisa to maintain a healthy work-life balance. By managing her time effectively, she can dedicate ample time to her professional responsibilities while also enjoying personal activities and family time. This balance is crucial for her overall well-being and job satisfaction. Challenges Constant Update One of the significant challenges facing independent accountants is the ongoing need for updates in laws and regulations. Luisa stresses the importance of remaining current with tax codes and financial regulations to provide accurate advice. Keeping abreast of changes demands dedication and vigilance, often requiring daily reviews of financial news sources. High Responsibility Independent accountants carry a high level of responsibility, particularly regarding client trust and legal compliance. Luisa notes that ensuring her clients meet deadlines for tax submissions and mitigating risks associated with non-compliance is a top priority. This responsibility can be stressful but is essential for the credibility and success of her practice. Continuous Learning The field of accounting is characterized by continuous learning and adaptation. Luisa emphasizes the importance of staying informed about new developments, technologies, and best practices that can impact her work. This perpetual need for education requires a significant investment of time and effort but is crucial for maintaining a competitive edge in the industry. A Day Of Independent Accountancy Luisa's day begins early, with her typically waking up at 7 AM to read the latest updates on taxes and regulations while enjoying breakfast. By 8:30 AM, she heads to her office, transitioning between her role as an independent accountant and her responsibilities as a business owner. Her mornings are dedicated to client meetings and administrative work until 2:30 PM, when she closes her business for the day. After a break for personal time, she often returns in the late afternoon to manage her business tasks until closing time at 9 PM. This structured yet flexible routine illustrates the multifaceted nature of her role as an independent accountant. In conclusion, Luisa Miranda’s journey as an independent accountant showcases the multifaceted nature of this valuable profession. Through a combination of education, vital skills, and a careful balance between work and personal life, she has built a fulfilling career. Accountants like Luisa not only play a crucial role in managing finances but also uphold the integrity of businesses and welfare organizations alike. Their work impacts individuals' lives profoundly, making accounting an indispensable career choice for those passionate about numbers and aiding others in navigating financial landscapes.

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How to get into

Independent Accountancy?

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Links for this Talk

Accountant Luisa Amelia Miranda's LifePage:

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

LifePage Career Talk on Independent Accountancy

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

[Full Talk]
https://lifepage.app.link/20170422-0004

(Independent Accountancy, Luisa Amelia Miranda, Freelancing, Accountancy, Financial Accountancy, Accounts, Commerce, Economy, World Economy)

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