Just looking for some advice regarding my current situation. I have recently decided on a change of career direction having recently completed arts subjects at degree and masters level. Around 4/5 years ago I did complete a qualification in Accounting that covered a lot of the more advanced accounting topics including both financial and management accounting. I enjoyed these accounting studies and I was good at it hence why I decided to now start looking towards a career in accounting. However, due to having studied his so long ago I am not able to remember anything from the qualification hence I am starting from scratch.
I had planned to start self studying at AAT level 2 then level 3 to re-learn and regain ability in accounting work while looking for work. My original plan was to hopefully secure an AAT trainee position which would start me from scratch and train me up to level 4 whilst also gaining the experience, however, I've ended up managing to secure an Accounting Assistants job role. This would be my first Accounting job and I now have a lot of anxiety over whether I am going to be up to scratch to actually do this role considering I am only just relearning from scratch with very little time until the job start date.
I have quickly started to go over AAT level 2 books and I hope to also try and go over some of level 3, I am also thinking of maybe reviewing over some of my past accounting books to help gain the required knowledge. This position involves income recognition and reconciliations, also assisting in purchase ledger processing and determining things that need to be added to the assets register or requiring prepayments/accruals as well as preparation of month end journals. The role also will involve helping in the production of the management accounts.
What would your advice be in my current situation? I don't really want to turn this down as I am in a position were I need work, however, this is giving me a lot of anxiety. I feel like I am going to be way out of my depth starting this role. I only have around 2 weeks before the start of the position. Any advice or help would be really appreciated.
-- Edited by Aitc on Monday 8th of July 2024 12:56:07 AM
It's completely understandable to feel anxious about starting a new role, especially in a field like accounting where accuracy and knowledge are crucial. Here are some steps and advice to help you navigate your situation:
1. Assess Your Current Knowledge
Review Basics: Focus on revisiting the fundamental concepts of accounting, such as double-entry bookkeeping, basic financial statements, and principles of income recognition and expense allocation.
Use Past Materials: Reviewing your past accounting books and notes can definitely help refresh your memory on more advanced topics you covered in your previous qualification.
2. Focus on Immediate Needs
Job Description: Highlighted tasks like income recognition, reconciliations, purchase ledger processing, and preparation of management accounts. Prioritize understanding these areas thoroughly.
Practice Problems: Solve practice problems related to these tasks to reinforce your understanding and application of accounting principles.
3. Utilize AAT Materials
AAT Level 2 and 3: Continue with your plan to self-study AAT Level 2 and start on Level 3. These will provide structured learning and practical examples that align closely with the tasks in your new role.
Online Resources: Explore online resources such as video tutorials, forums, and practice tests to supplement your learning and gain confidence.
4. Seek Support
Colleagues and Mentorship: Once you start the job, don't hesitate to ask questions and seek guidance from your colleagues. Many people are willing to help and understand that everyone starts somewhere.
Manager Expectations: Have an open conversation with your manager about your background and current skills. They may offer additional training or guidance to support your transition into the role.
5. Stay Organized and Positive
Time Management: Make a study schedule to balance your self-study with the demands of your new job. Prioritize effectively to cover what's most relevant.
Mindset: Approach this opportunity as a chance to grow and learn. Remember, it's normal to feel overwhelmed initially, but with dedication and effort, you can overcome the challenges.
6. Continuous Learning
Long-Term Development: Consider your new role as a stepping stone. Continuous learning and development in accounting will be ongoing throughout your career. Stay curious and proactive in seeking knowledge.
Final Thoughts
You've already demonstrated your capability by securing the Accounting Assistant role. Employers often value attitude, willingness to learn, and adaptability as much as technical skills. Take it step by step, focus on what you can control, and leverage the resources available to you. You have the foundation and determination to succeed in this new chapter of your career. Good luck!
