‘Accounting’ – ‘Finance’- and you are stuck! Which to choose? All the problems rest in FAME (Finance/Accounting/Management/Economics)! The combination of these subjects have become so pertinent in current scenario that, not just students but also students at the University level are quite confused regarding which option to choose for professional courses.
OK! Too much of academic jargon! How about taking things on a lighter note? (Academic jargons are best left for books, not blogs!)
If you are in a situation, where you have to decide your Major subject or domain of professional course, what would you do? Those nightmarish thoughts of FAME crowding your mind – one subject scoring over the other – mind and heart in a pull of a lifetime – God! HELP!
“God said – Dear, God helps those who helps themselves!”
Take the cue and start off digging, how accountancy (that’s where your calling lay – as you think) is at a comparatively better slot than others of the FAME group.
Accounting – A jargon you must know!
However much you may dislike, but being an accountancy student, you will have to note the topics which you must study. Why wait? Acknowledge knowledge as free water- take it as much as possible!
As a student you will get a chance to learn up topics as – analyzing budget and strategizing it, quantitative analysis of the various aspects of accountancy, forensic accounting, financial reporting, information systems, professional standards of ethics and so many other points!
A study of all these aspects will lead you to getting certain skills. What are they? Next heading to check out!
Skills – You are bound to acquire this after your stint with the subject
If you study accountancy well, you will be –
1. Specialized knowledge of a number of integral facets of this subject
2. Strong understanding of how the business world works and what takes it to succeed in this domain
3. Detailed knowledge of GAAP (a principle you have to note!)
4. You will also get details of accounting regulation theories
Well, that’s just the areas – now you will know what more this accounting will provide you with. Keep a track!
Professional Accreditation – Your nameplate will boast of these
So, Ms. Kathy Gomes – OR- Ms. Kathy Gomes (CPA)? (include your name dear). Yes! The latter surely sounds so MUCH BETTER! Well, that’s not just it! Apart from the professional accreditation of Certified Public Accountant, you can also get others as – Chartered Accountant UK and Commonwealth (ACA/CA), and Chartered Certified Accountant – UK (ACCA).
Now, a degree in accounting can give you these accreditations to boast of. Quite lucrative? Think think!
Lucrative and potentially interesting career options
Not the accreditations only – those can lead you to some really ‘expensive’ job profiles. Didn’t you always dream of that perfect corporate look/chauffeur-driven white car/’yes ma’am-sir moments’? Well, here’s the catch! Accounting provides you with a host of careers – albeit some ‘high profile’ ones to choose from. Take a glimpse!
- Auditor
- Actuary
- Credit controller
- Budget Analyst
- Forensic Accountant
- Financial and Tax Consultant
- Risk Management Head
- Bookkeeper
About the salary pack? Well, for an accounting Major, pay pack could very well be at an average of US$50,000 approx. For University level students, it can be at an average of US$65,000.
Are you furiously tapping away at your calculator and are still unable to tally your Balance Sheet? Well, we are here with various accounting homework help to ensure all your endeavor’s give you the best results. Be it matching your cash flows or simply balancing the Profit & Loss Statement, find solutions to all your queries here! Learn the basics and advance to higher levels with just a click of your mouse.
Ha! That’s quite an amount of knowledge! Good enough for one read! So, are you now in a better position to deal with those humongous problems that have been attacking you for the last couple of days?
Well, on a parting note – if you have not given specialization of accounting a thought, then that can be a good set. You will have to agree that amidst the FAME combo, the sub-parts of accounting are actually quite interesting.
All set guys? Best of luck! Oh, how about you, sharing your views with us? Don’t miss out to leave your comments! Thank you.
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