Read the article. Check you know the words in bold type which may be helpful for understanding in the dictionary supplemented.
Last years a growth in accountants’ job availability is noted across all sectors, with banking and finance, professional services, and retail and distribution leading the field.
Accountants salaries have, yet again, kept pace with inflation and in some cases increased dramatically. Salary expectations for newly and recently qualified accountants continue to increase and when compared to other professions accountants come out on top.
Accountants working in banking and financial services continue to attract top salaries but entry to these positions is extremely competitive, and the skills and qualifications demanded are very high. However, personality and communication skills are often the determining factor.
In the City, banking and financial services recruitment remains very strong with employers seeking quality staff. From over 2,000 available positions 70% are in the merchant and investment banking sector. The City is providing a very active jobs market for accountants. There is continual demand for those who will consider working on temporary contracts.
For accountants in the profession, firms are looking for chartereds and certifieds with skills for litigation support, forensic, technical/ complianc e and training. There are also numerous opportunities for CIMAs with industry experience who are in demand for areas such as management consultancy services and internal audit consultancy. Taxation accountants are in the market for personal, private-client, corporate, international, expatriate, VAT / Customs and tax experience at most levels and for unqualified tax assistants who have one year's experience or more.
Within the public sector and not-for-profit organizations there is demand across all sectors for qualified CIMAs, CAs and ACAs and for systems accountants and internal auditors.
Current opportunities for newly qualifieds are continuing to boom and they are still outstripping supply across all sectors. There is demand for newly qualified ACAs and CAs for operation-review roles within blue-chip companies in manufacturing and service-based industries, and for ACAs with impeccable academic mathematics or science degrees in the banking and financial services sector.
For the most ambitious accountants, a second language is prerequisite for success, especially for those seeking international careers. The Top Six table indicates that French has now overtaken German as the language most in demand - although there is not much in it. As reported in the previous Barometer, Russian-speaking accountants are often required which reflects the trend for UK trained and qualified accountants to work in Russia and the countries of the former Soviet Bloc. Polish is another eastern European language which is becoming increasingly useful. Oriental languages are occasionally requested but are difficult to find.
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A snapshot survey was carried out in canvassing the views of 486 young accountants on their alternative career preferences. In answer to the question 'If you could no longer be an accountant, which job would you prefer instead?' 38% cited banking/finance as the most preferred alternative career with sport/leisure (21%) coming second. The legal profession (14%) was deemed to be the third most important, followed by the medical profession (11%).
Teaching (10%) and media/journalism (6%) were seen as the least favourable career alternatives.
4. Look through the text and find the word that means the same as:
1. a person living in a country that is not his own;
2. an amount of sth that is provided or available to be used;
3. the government department that collects taxes on goods bought and sold and on goods brought into the country, and that checks what is brought in;
4. a tax that is added to the price of goods and services.
5. Which of the following sentences correspond to the text content?
1. Accountants salaries continue to increase from year to year.
2. Personality and communication skills determine the position to be occupied.
3. There are numerous opportunities for the accountants across all sectors of economy.
4. Second language is not an important factor for success in accounting nowadays.
5. The legal profession is the most preferred alternative career for the accountants.
6. Answer the following questions.
1. Is their a correlation between accountants salaries and the rate of inflation?
2. What position do accountant salaries occupy when compared to other professions?
3. Which positions are extremely competitive to enter?
4. Is there continual demand for those who will consider working on temporary contracts?
5. What knowledge should those seeking international careers possess?
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