AF4032: Careers in Accounting, Finance and Economics


COURSE:

Northumbria University Newcastle


BSc Accounting/ Finance and Investment Management/ Economics and Finance

Reflection is a very important activity. It is much more than simply evaluating your progress i.e., what you did well and what you did badly. The act of reflecting on experiences involves considering what you did and why, thinking about what you have learned from that experience, then considering what you could do differently the next time to improve your practice. This will require you to research and read about the skills you are reflecting on and are important for the career upon which you have chosen to frame your reflection. You should draw upon the reading materials you have engaged with throughout the semester and reference these accordingly.

You MUST include the following appendices, alongside any relevant notes:
 Outputs from group projects
 Assessment centre evidence
 Psychometric testing scores
 Skills Mapping Matrix

Section A: Individual reflective statement on career readiness (1000 words):
You are required to identify a specific employment position suitable for your degree area. This may be a year-long placement, internship, or graduate level position and must be specific to the Accounting, Finance or Economics sector according to your programme. Using specific examples from your experiences on this module, produce a Personal Reflective Statement which documents the progress you have made in developing the necessary skills and acumen to support your suitability for that position. You must make reference to your group work activities and engagement with the recruitment process activities and consider how this development will strengthen your application for the
position you chose. When writing your statement, some of the skills/behaviours you could include and reflect
on are:
 Collaboration and teamwork
 Commercial awareness
 Resilience
 Presentation skills
However, you can reflect on any skills/behaviours that you justify as important to your career readiness as an AFM student, but you should aim to design your reflection around the skills and acumen required from the position you have selected. You should use an appropriate reflective model to structure your work (for example, Gibbs’ reflective cycle).

Section B: Career Action Plan (1000 words):
In this section of your assessment, you should consider your goals for the remainder of your time at university and your career goals for the future. You may want to discuss the specific area of industry you would like to go into for example, wealth management, auditing, or analytics. Specifically, you should create an action plan that focuses on three core skills or attributes you want to develop throughout your remaining time at university to ensure you are career ready when you graduate, and three career goals for the future. You should highlight in your action plan how development of these attributes will support you in meeting the three career goals you have specified. To help you with this, you should use your skills mapping matrix to identify the skills that need further development. You must include your Skills Matrix as an appendix. When writing your Action Plan, you should use relevant literature to justify why these skills/attributes are important, why you want to develop the specific skills/attributes you have chosen and how you plan to develop them over the coming years

 

SOLUTION

Introduction
This assignment is split into two sections. Section A is a personal reflective statement detailing the progress which I have made throughout this module, in gaining the necessary skills for my chosen employment position. The employment position I have chosen to look at is a Trainee Chartered Accountant. The main skills desired, are detailed in the job advert, which include the ability to work comfortably in teams, work in a fast-paced environment and strong communication skills. My reflection will be structured using the Gibbs 1998 method of reflection, which has 6 stages of exploring an experience: Description, feelings, evaluation, analysis, conclusion, and action plan. Section B will be a career action plan where I will discuss my chosen field, Accountancy. I will also detail three core skills/attributes which I aim to develop throughout my time as an undergraduate student to ensure I’m career ready upon graduation and I have maximised my career prospects. For each of my skills which I plan to develop I will highlight their importance in accountancy and why it is necessary for me to improve in that area.
Section A
Time Management
My chosen employment position (see appendix 1) lists ability to work in a fast-paced environment as a required attribute, thus the ability to work to deadlines is crucial

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