Private practice accountants inspect, assess and advise on the financial state of affairs of companies, partnerships and individuals. They may work for large or small accountancy/accounting practices, or freelance.
In general, accountants manage and monitor financial systems and budgets, and provide business financial advice to clients. Day-to-day accountancy/accounting activities vary according to the size and type of company, but will normally include:
Private practice accountants are usually associated with dealing with audits, tax and accounts on behalf of fee-paying clients, whereas management accountants are associated with strategic management and financial decision-making within a company (see Accountant: Industry and Commerce), although there can be some overlap.
Accountants normally work 9am to 5pm, Monday to
Friday. They may need to work extra hours at busy
times. Flexible working is common. Part-time work and
job sharing may also be available.
The work is office based, often at clients’ premises when conducting audits. In some instances, travel and time away from home may be required. Dress code is usually formal.
To be an accountant you should:
Job opportunities are good, and there is scope to move
into industry and commerce or the public sector. See
Accountant: Public Sector or Accountant: Industry and
Commerce profiles for further details. It is usual to move
between firms of different sizes to gain promotion and
Accountants working for private firms may become partners of the firm and so increase their income and reputation.
UK accountancy qualifications are recognised across the world and there are opportunities to work abroad.
If you would like to know anything about Private Practice Accountant that does not appear on Hotcourses, further information can be found below.
The Institute of Chartered Accountants in England and Wales (ICAEW)
Tel: 020 7920 8100
The Institute of Chartered Accountants of Scotland (ICAS)
Tel: 0131 347 0161
The Institute of Chartered Accountants in Ireland (ICAI)
Tel: 028 9032 1600
Association of International Accountants (AIA)
South Bank Building
Newcastle upon Tyne
Tel: 0191 482 4409
Consultative Committee of Accountancy Bodies (CCAB)
Financial Services Skills Council (FSSC)
51 Gresham Street
Tel: 020 7216 7366