UAE Prime Minister Sheikh Mohammed bin Rashid Al-Maktoum has launched a permanent residency scheme for expatriates to invite them to invest in property and permanently settle in the UAE. With the help of this scheme, UAE would attract wealthy professionals and businessmen to the Gulf nation.
UAE’s “Gold Card” scheme would be an excellent opportunity for Indian investors and professionals such as doctors, scientists, artists as well as students to buy property in United Arab Emirates. Many business leaders would get benefitted due to their property investment in the Gulf nation as it would offer them an innovative, safe, and productive environment to run their business. UAE has launched this scheme by taking into consideration the economic diversification and its sustainable development goals.
With the introduction of this new scheme by UAE, it will be possible to give a boost to its property market. The country has been looking to expand its property market with the introduction of five-year retirement visas, and long term visa plans for the visitors. Most of the expats come to the UAE with the aim of making money and have a short-term plan to stay in the Gulf nation. Now, with the “Gold Card” scheme, people would look for permanent residency in the UAE.
It will be interesting to see how the Indians would react to this “Gold Card” scheme by the UAE. Since there are many good property investment options with excellent housing facilities in different regions of India, such as Dlf the crest Gurgaon and Dlf magnolias Gurgaon, it will be a tough choice for Indians to permanently settle in UAE.
Reasons to Pursue a Career as a Financial Controller
Do you love working with finances, numbers, and business? Do you enjoy the prospect of strategizing for a company to create a successful financial future? If so, you may want to consider a career as a financial controller.
Financial controllers are more involved than accountants
There’s nothing wrong with being an accountant. It’s a great career, and many people find it’s perfect for them. However, if you’re forward-thinking, you’ll probably be happier with a career as a financial controller.
Financial controllers perform some of the same duties as accountants, but while accountants only focus on current and past finances, financial controllers create financial strategies to support an organization’s future. Future planning is vital for making sound financial decisions.
Requirements to become a financial controller
To become a financial controller, you’ll need at least a bachelor’s degree in finance. You’ll also need to pass the CMA certification exam.
While the certification exam is difficult to pass by studying on your own, passing becomes monumentally easier by taking a CMA prep course. Specifically, a prep course will help you retain the information and prepare you with practice exams that mimic what you’ll encounter on the real exam.
Once you have your degree and certification, you can start applying for jobs that will support your career as a financial controller. You may need to start with entry-level positions in finance to gain enough experience to become a financial controller. It’s worth the wait and the effort.
More education, degrees, and experience often means a higher salary
You’ll find that organizations often have different requirements for financial controller positions. Some will require a basic finance degree and CMA certification, while others will require multiple degrees along with professional certification.
To increase your salary potential, continue to pursue your education to meet additional requirements. Companies requiring further education and work experience usually pay higher salaries to their financial controllers.
You can work in a variety of industries
What industry do you find appealing? Industrial machinery? Clothing? Cosmetics? Packaged food? Restaurants? In whatever industry you like, there’s a financial controller.
Some people think financial controllers are only for banks and other financial institutions. However, all companies need financial oversight. Without the expertise provided by a financial controller, a company won’t get far. Any large and successful organization — regardless of industry — will have a financial controller.
You’ll be part of the foundation that creates success
As a financial controller, you’ll be part of your organization’s foundation of success. Organizations need financial controllers to:
- Strategize finances for the future
- Oversee internal financial records and bookkeeping processes
- Execute financial strategies for finance teams
- Create custom strategies to help an organization achieve set financial objectives
- Oversee internal audits to identify errors and fraud
- Manage payroll
- Manage accounts payable and accounts receivable
- Facilitate communications between company departments
All of these tasks are big responsibilities, and that’s why high levels of education and experience are required for the position.
A career with high-level responsibility is extremely rewarding
There are plenty of careers you could pursue in the financial industry. The most common career is becoming an accountant or a CPA. These are both perfectly acceptable careers for those who are satisfied with having low-level responsibility in a company. In fact, you’ll need to work in these fields to get the experience required to become a financial controller.
For example, as a controller, you’ll need a firm grasp on business and accounting, along with years of experience performing detailed accounting and auditing. Being a controller is a highly analytical position and expertise depends on extended, direct experience in accounting and auditing.
If you’re driven to take on high-level responsibility where you are directly responsible for a company’s financial success (or failure), you’ll find that as a financial controller.
How you can become a financial controller
To begin your career as a financial controller, get your educational requirements in order. If you already have your degree, pursue CMA certification. If you’re already certified, search for a position as an assistant controller. Last, if you don’t have a master’s degree, continue your education to get an MBA.
While you’re searching for an assistant controller position, take some online courses to learn financial management software in-depth. You may have gotten by with the basics until now, but as a controller, you’ll need to know your software inside and out.
You won’t become a financial controller overnight. In fact, it takes between 12 and 20 years to earn the title. However, if the position calls to you, then it’s worth every ounce of effort.
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