StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Why I Choose Accounting as a Major - Essay Example

Cite this document
Summary
The paper "Why I Choose Accounting as a Major" describes that accounting provides one with a myriad of opportunities that allow them to diversify into various fields. This is more important for one who is looking forwards to being either self-employed as an accountant or businessperson…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.9% of users find it useful
Why I Choose Accounting as a Major
Read Text Preview

Extract of sample "Why I Choose Accounting as a Major"

Why accounting as a major This is the measurement, processing and actual communication of financial information on economic entities of an organization. It is used to measure the results of business activities of an organization and communicate the same to the integral members of the organization, who include investors, management, regulators, and creditors. Professionals in the field often known as accountants carry these processes. Financial reporting and accounting can be used as synonyms most of the times. These fields can be divided into several sub-branches, including management accounting, financial accounting, tax accounting and auditing. Financial accounting is the reporting of the financial information about a particular organization or company to the external stakeholders or potential stakeholder that include, investors, suppliers and regulators, the report is mostly in the form of financial statements. Management accounting mostly focuses on measurement analyzing, and reporting of financial information for internal use in decision making by the management. Bookkeeping which is also done by accountants, is the process of recording all the financial transactions of an organization that will be used to provide summaries that are usually presented in final reports of most of these financial reports. Most of the time the processes of accounting are done by accounting organizations that are not usually part of an organization. They come in as external auditor to assess the efficiency with which a particular company is managing finances. One of the most basic motivations towards one undertaking a particular major in college is the interest and conformity with the requirements of that particular degree. In my case, accounting has been my major area of interest for the fact that it offers diverse opportunities to learn the business market and how it operates. At the same time, one has to ensure that he or she understands the basic requirement in terms of personal attributes for optimal performance. For instance, while working as an accountant, one has to be good at mathematics, detail oriented and organized. Most of the time, the workload given to an accountant is manageable and one can be able to meet the targets easily. However, as Bragg (34) affirms, it needs some degree of organization to enable one to carry on tasks within stipulated time and with maximum attention. Moreover, accounting deals with mathematics when coming up with the reports, therefore before one decides to take on the career, they have to be certain that they have the necessary mathematical skills to take on the tasks. This is very important because it will determine the ability for one to handle the course and the ability to enjoy their work once they start working. Therefore, these are some of the major aspects I have looked at and confirmed that to take accounting as a major. Importance of accounting as a career. Apart from one just working for an organization providing the accounting skills at any capacity, one gets to learn a lot about business and how to succeed in business. This is very important for any individual for the fact it improves the spectrum in which one can diversify since they learn a lot about operations of other business while at work. After some time of working with an organization, one eventually learns of the ways in which companies can make more money and mitigate risks at the same time (Moss, 35). Thus, it provides the professional with not only the job opportunities, but also with the necessary knowledge that they need in case they want to plunge into full time business at any time during their career. This knowledge on how to run other businesses, will allow one to explore areas of interest without much of a hustle since they will be having the necessary knowledge that is needed to run any particular business. The skills will be useful while working in all these industries. Thus, it prepares one to be autonomous by educating them on a myriad of activities and businesses in which one may choose from as they move to self-employment and business empire creation. Accountants have a large market and surging job opportunities throughout the globe. This is for the fact that each small business is in need of an accountant. Small towns and largest cities alike are in dire need of these services. They both need financial analysis so that they can make sound decisions that will see organizations develop much faster and ensure that there is efficiency in utilization of funds (Albrecht & Robert, 23). Everybody desires to manage their time as much as they could. This is very important since it will make it possible for one is able to manage both work and family at equal measures. Moreover, it makes it possible to be able to manage all their business and at the same time utilize their accounting skills as working for the organization. Accounting provides this form of flexibility when one gets self-employment. This can be possible, by one working for a particular company or people by preparing taxes for them. These kinds of work, enabled one to take the amount of work they desire at the same time choose the time that they will work. That champions the desires of the accountant. This is very important since it will increase productivity and at the same time provide more time to engage in their socioeconomic activities that are equally professional. In addition, accounting is well paying job in the world today. For instance, according to Hall (315) in the United States, a fresh graduate can earn up to $ 30,000 to $40,000 a year. The fluctuations are subject to workload and the company that one is working for. With more experienced accountants, one can be able to earn up to six figures a year in most companies. This is important for the fact that the financial stability of any employee, will most of the time be reflected in the concentration they give the work they do and the quality of their work. Thus, it is important that all employees have peace of mind and financial stability that can see them through even when there is an economic crisis in a country. Accounting is one of the professions where one can be cushioned from the effects of the economic crisis for the fact these professionals earn well. Career opportunities Accounting is quite wide and thus gives one an opportunity to be specific on an exact area that they will explore to perfection. Hence, it further provides opportunities, for individuals in the profession to further seek to work in areas that they are comfortable with. There are three major areas under which accounting is categorized and it includes private accounting, public accounting, government and not for profit accounting. Before one completes the accounting course, he or she has to choose on the career path that suits him or her better, thus I choose this as my major for the fact that it provides further diverse pathway that allow me to be more specific in the preference of the career to take in life. Most people dislike accounting for the fact that during some periods of the year, there is increased workload hence making it impossible for one to balance between family life and work. This mostly happens when the taxes are being prepared a period that last from January to April. Having had that knowledge in mind, one will have to take advantage of the advancement in technology and work from home; hence, they will be a position to attend to family life. In any kind of work, one needs to prepare his or her time well and giving change to everything in life. Thus, as an accountant these is not of exceptional, proper management of time and distribution of work, will enable one to have more time with family since they will be able to create this time. One having to utilize each minute they have to work since there are more technological advancements enabling one to work form even at home or in the car as they are heading home can create it. This of the essence here is proper time management. Working with a large accounting company, may lead to increased deadlines within a short time frame since they want to work for many clients within the shortest time possible. This is likely to cause burnouts among the accounts and deny them time to engage in social activities. However, these can be resolved by one resolving to self-employment (Scott, 16). Once one is self-employed, they have an opportunity to choose on the amount of work they can manage to finish within a specific time comfortably without much stressing. Lastly, accounting, most of the time require the employees to travel from one place to another in pursuit for customers or to work on organizations database. Thus, this increased movement from one place to another, sometimes maybe distressing to others while it is not for those who love travelling. This can be achieved again by having proper time management and creating time with family, mostly during weekends and off duty hours. Is will enable one to comfortably attend to the travel needs of the job at the same time get an opportunity to further network a factor that is fundamental in continued growth within the profession. Conclusion The certainty on what is expected of someone and the perception of a particular person towards a particular course; have to be explicit before one takes on a course as major. In my case, accounting is the best choice for me for the fact that my attributes conform to the requirements needed for one to take on this course. On top of that, accounting provides one with a myriad of opportunities that allow them to diversify into various fields. This is more important for one who is looking forwards to being either self-employed as an accountant or businessperson. Works Cited Albrecht, W S, and Robert J. Sack. Accounting Education: Charting the Course Through a Perilous Future. Sarasota: American Accounting Association, 2000. Print. Bragg, Steven M. Accounting Best Practices. Hoboken: John Wiley & Sons, 2013. Print. Hall, Matthew. “Accounting Information and Managerial Work.” Accounting, Organizations and Society 2010: 301–315. Web. Moss, David A. A Concise Guide to Macroeconomics: What Managers, Executives, and Students Need to Know. N.p., 2014. Print. Hall, Matthew. “Accounting Information and Managerial Work.” Accounting, Organizations and Society 2010: 301–315. Web. Scott, W R. Financial Accounting Theory. N.p., 2006. Web.  Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Why I Choose Accounting as a Major Essay Example | Topics and Well Written Essays - 1500 words, n.d.)
Why I Choose Accounting as a Major Essay Example | Topics and Well Written Essays - 1500 words. https://studentshare.org/finance-accounting/1672583-why-i-choose-accounting-as-my-major
(Why I Choose Accounting As a Major Essay Example | Topics and Well Written Essays - 1500 Words)
Why I Choose Accounting As a Major Essay Example | Topics and Well Written Essays - 1500 Words. https://studentshare.org/finance-accounting/1672583-why-i-choose-accounting-as-my-major.
“Why I Choose Accounting As a Major Essay Example | Topics and Well Written Essays - 1500 Words”. https://studentshare.org/finance-accounting/1672583-why-i-choose-accounting-as-my-major.
  • Cited: 0 times

CHECK THESE SAMPLES OF Why I Choose Accounting as a Major

Three Steps to Start a New Business

If one chooses to be part of a partnership, then he or she will have to outsource to an accounting organization.... The choice of accounting firm will be important in relation to the nature of the business since every accounting firm has a unique way of member...
4 Pages (1000 words) Term Paper

High School Student's Perception of Accounting

High schoolers choose accounting as a major for the reason that students believe it will lead to a professional chance with noteworthy earnings potential.... Most students prefer accounting as a major before graduating from high school or soon after entering college.... In the Giladi survey, students are inquired to rate the importance of the following factors in their decision to major in accounting: The survey results show the most important factors are earnings prospects and prospects for a job....
3 Pages (750 words) Assignment

Diminishing Numbers of Accounting Majors

% of entering freshmen selected accounting as their college major (Dey, Astin, & Korn, 1991).... study conducted by Stice, Swain, and Worsham (1997) examined the impact of performance in the first accounting course on students' decisions to major in accounting.... The researchers concluded that perceptions and attitudes toward accounting, rather than classroom performance, were the most important factors in the decision to major in accounting....
5 Pages (1250 words) Essay

Vinal Barbaros's Options

This paper, Vinal Barbaros's Options, stresses that the decline in profitability is already a major issue with regard to the shareholder value of the passive owner; when the costs are reported accurately, the owner will know the real state of the company's operations.... One of the key stakeholders in this case is the company's major investor, the creditor National Bank of Australia.... In this case, the owner or the major shareholder is deprived of knowing the true performance of the company....
8 Pages (2000 words) Essay

Reflection

The four major financial statements are the income statement, balance sheet, statement of retained earnings, and the statement of cash flow.... The three major components of the balance sheet are the assets, liabilities, and stockholders equity.... Accountants perform many functions based on accounting theory,… The accounting profession is mostly self-regulated and its practitioners have to abide by the generally accepted accounting principles....
2 Pages (500 words) Term Paper

Problem Solving Activities

For student choosing Political science major, may become political advisors, congress aid, urban and regional planning, government service and business and lobbyist.... It is therefore, upon the student to choose the right major to pursue.... Works cited:Guide to College Majors: Everything You Need to Know to Choose the Right major.... Some of the careers mentioned are, accounting, management, business administration, entrepreneurship, hospitality and public administration. In… ase of a strong interest in accounting courses, the potential career you can be are accountant, credit manager, purchasing agent, economist and public accountant....
1 Pages (250 words) Assignment

Accounting Ethics Questions

However, this has not been the case for accounting, considering various, major corporate scandals.... accounting Ethics Questions Differences between Utilitarianism and Egoism The proportion by which actions tend promote happiness defines how right such actions are while the proportion by which actions tend to promote the reverse of happiness defines how wrong the actions are (Duska, Duska, & Ragatz, 2011).... Why accounting is NOT a Profession Every profession should be governed by rules, which are meant to regulate a profession....
3 Pages (750 words) Assignment

Comparative Accounting Systems

Taxes The corporation tax rate charged for foreign companies established in a country is a major factor to be considered.... The author of this essay "Comparative accounting Systems" aims to analyse accounting systems in different regions such a Brasil, US and Africa.... hellip; The Brazilian accounting system was specifically designed to generate and provide information to the tax authorities however the country is in the process of adopting the IFRS (Holt, 42)....
1 Pages (250 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us