There are all kinds of career choices you can make but if you have been thinking about studying accounting, you may have had a list of pros and cons going through your head.
Accounting is a rewarding field that pays well and offers a great deal of prestige.
Why Accounting? Why should you Study Accounting and Finance
Today’s accountant is a key personal of management teams in non-profit, public, government, and private organizations.
Accounting is really the language business speaks. Business communicates in dollars and sense and accountants are an integral part of that communication.
Accounting offers many career opportunities.
Business valuations such as – Mergers And Acquisitions, Forensic Accounting, Evaluation Of Corporate Control Systems, Public Accounting, Management Accounting, Tax Preparation, And Internal Auditing are just a few career options you have available once you become an accountant.
Why to Study Accounting? 4 Reasons to Study Accounting
Here are four main reasons why individuals choose to study accounting and earn a degree in accounting and finance.
The finance and investment world is exciting, attracting many of the top graduates.
Prestigious companies such asMerrillLynch,MorganStanley, andJPMorgan offer exciting and glamorous careers. With all the recent scandals, there has been more demand than ever for accountants.
The salaries associated with careers in accounting generally have high salaries associated with them.
The National Institute study recently identified accounting as one of the most lucrative degree courses based on lifetime earnings. The salary ranges depending on position but six figure salaries are the norm.
The number of career opportunities available to you with an accounting degree is mind boggling.
Many underestimate the choices. There’s a career to suit every interest including management consultant, auditor, corporate accounting, tax planning, IT consulting, human resources, and insolvency. Of course, that’s just a handful of career choices.
After you have earned your degree, and gained ones professional qualifications, many accountants begin to climb the corporate ladder into senior management and CEOpositions.
It’s an exciting career choice. You are limited only by your own desire to rise.
Accounting Study: How to Study Accounting
Earn your degree by attending university, through correspondence, or by taking courses online.
Many universities offer the option of taking all or part of a degree program online. There are a number of degrees you can including, but not limited to:
- One year accounting certificate
- Two year Associate Degree in Accounting
- Bachelors Degree Accounting Major
- Commerce Degree Accounting Major
- Master of Science or Accountancy
- Doctoral Program – the highest level of accounting degree.
How to Earn an Accounting Designation
The following are recognized accounting designations.
- CA – Chartered Accountant
- CGA– Certified General Accountant
- CMA– Certified Management Accountant
- CPA – Certified Public Accountant
These are the designations given to accountants who have proven their competency through experience, and education, which has then qualified them for their designation of CA, CGA, CMA, or CPA.
You will be required to meet the experience criteria under the supervision of an experienced accountant in an accounting firm or equivalent organization. Here you will develop the necessary skills to ensure you will be a competent accountant. The final step will be to pass your professional exam.