All you need to know about Accounting Internship

MELBOURNE, Australia - Sept. 9, 2020 - PRLog -- In a World Economic Forum's report on employment opportunities for the future, Accounting is identified as one of the fields that would generate stable employment. However, it also highlights that the traditional accounting roles would become redundant, and new accounting jobs that blend in technology and consulting would be the norm.

Hence, relying on the grades that you get in university would not be enough to leverage the opportunities opening up in this field. Practical knowledge with hands-on industry experience will help you get ahead of the competition and land a professional opportunity that sets you on the path of success.

An accounting internship is one of the best ways of bridging your education with real-time industry exposure. Through this avenue, you can get an understanding of how the accounting industry works and is extremely beneficial in building your profile.

With a plethora of accounting internships on offer, you need to ascertain which one of them would enhance your strengths and provide better opportunities.

Internships provide opportunities to work in different areas of accounting. A few of the accounting areas that you can focus on as part of an accounting internship in line with the current and future demands are – Book Keeping, Accounts Payable & Receivable, Payroll, etc.

The job role of an Accounting Intern

As an accounting intern, the expectation is to be an integral part of the accounting team and contribute to the deliverables and pick up learnings.

A few of the accounting activities you are expected to handle as part of the Accounting Internship include the following:

-          Data Entry and updating of information.

-          Bookkeeping activities

-          Email correspondence

-          Client query resolution and provision of information

-          Handling accounts using accounting software

Equipping for Accounting Internship

An accounting internship opens up the doors into the world of professional accounting, and the intern gets a taste of what is expected of their career in accounting.

Developing a professional attitude and approaching the internship as a real-time employment opportunity would help in having the right perspective. Personal grooming, etiquette, professional attitude, etc. would help create the right impression, which in turn could help develop valuable references that go a long way in landing up a good job and developing professional connections.

Few of the accounting internships are paid, while few of them structure the internship differently. Either way, it is important to use the opportunity and treat it as a learning exposure beyond university studies. It is prudent to get the expectation right so that both the organisation and yourself are clear.