I am a Certified Public Accountant and when people ask me what I do for a living they often assume that I work as either of the following – an auditor, a finance personnel or a banker.
But, when I tell them I am a consultant in the IT industry, they get confused on the type of job that I have. So, what is it that I do as a consultant in the IT Industry? Why did I choose this kind of industry instead of having the prestige of working at an audit firm? Why did I choose the field of information and technology over crunching numbers?
Accountancy is a field with different branches. For some, they pursue academe, taxation, auditing, corporate finances and etc. But, for accountants like me, we prefer the road less traveled. We go to the IT industry or specifically the field of accounting information system.
If you can remember in college, we go to classes called accounting information system. Students are taught to use accounting programs such as Peachtree, Quickbooks, SAP and etc. We are taught the importance of AIS.
Accounting information system is the collection, storage, and processing of financial and accounting data. It is a method of capturing accounting information within a computer environment thus the need for information technology resources.
It tackles financial information but it isn’t isolated to that only. It also covers business processes for specific industries, relationships between departments, data storage, and most importantly internal controls.
So, what is the role of accountants in this industry? And since accounting data is stored in a computer-based environment, are accountants required to code?
Accountants are the catalyst for continuous improvement in businesses who automate their business processes. We are the bridge that connects business language to technology. Without the expertise of accountants, accounting software, and enterprise resource planning system would not be implemented successfully.
The role of accountants in the IT industry is vital. Without the transfer of accounting knowledge (process wise and accounting standards), programmers would have a difficulty to code the business logic into a computer’s language.
Not only that, accountants are capable of setting controls within an existing business process and implement it in the computer environment. Accountants can provide suggestions for accounting and company policies that would set restrictions and authorizations within the organization, provide proper accountability and responsibility per department, provide transparency in the business activities within the company, and automate those things in a computer system.
Accountants in the IT industry have the best of both worlds. We learn new knowledge about the changes in technology and even create innovations partnering with programmers and computer engineers. We also learn computer languages, code simple programs and tasks, and even create reportorial customizations.
The accounting career in the IT industry is full of wonderful innovative discoveries. It is also full of challenges that enhance both cognitive and emotional skills as a person. As it requires the gathering of information from one department to the other, we are required to communicate with different kinds of personalities. With this, we also gain interpersonal skills and professionally increases social connections to important people in the business.
When it comes to prestige, accountants can work with internationally acclaimed software brands such as Microsoft AX, SAP Business One, NetSuite and the likes. These are ERP system brands that are used by multinational companies all over the world.
There are many discoveries and learnings in this industry. So, if you are a newly passed licensed accountant and you are not enamored with the audit life, academe or the corporate ladder, and if you’re looking for a career path to take then you might want to consider the IT industry for accountants.