What is Accounting?
It is not just balancing your debits and credits in your ledger accounts. It is deeper than that with so many concepts and theories. And it is more than adding, minimizing, multiplying, and subtracting the numbers.
Companies do so many forecasts and prepare their plans based on the information that they get from the accounts. And this is why many large companies have separate departments. Even small-scale businesses have an accountant to look after the numbers.
It is simply the process of documenting monetary transactions relevant to a particular business. It includes storing, separating, concluding and presenting to the interested parties mainly the stakeholders. These are different types of reports carrying different types of information. And all these are important to make solid decisions and milestones in the company.
What do you learn?
Different universities have different names for this program. And it goes as follows,
- Bachelor of Accounting / Accountancy
- Bachelor of Arts
- BBA (Bachelor of Business Administration)
- Bachelor of Science
- Com (Bachelor of Commerce)
in Accounting
Mainly there are two aspects as financial accounting and management accounting. But when it comes to studying the subject, the student has to obtain knowledge about both arenas.
Furthermore, students will learn the following concepts and theories as well
- The framework
- Different processes
- Financial statements and analyzing them
- Cost accounting
- Bookkeeping
- Taxations
- Different rules and concepts
Career Opportunities
After you finish the degree what can you do with your degree? Here are a few suggestions that a graduate can consider
You can become a
- Chartered Accountant
- Chartered Management Accountant
- Company secretary
- External auditor
- Stockbroker
- Data analyst
- Economist
- Management consultant
- Tax adviser
- Auditor
Postgraduate Opportunities
These are several postgraduate options that they can consider after finishing the degree
- Sc. in Accounting in University of Delaware USA
- Master in Finance in Hult International Business School USA
- MBA in Financial Services in Coventry University UK
- MBA in Finance in University of Nottingham UK
- Master of Analytics in Massey University New Zealand
- Com. Financial Analysis with KPMG International Accounting Practices in JAIN (Deemed-to-be) University India
- Master of Accounting & Financial Management in La Trobe University, Australia
If you are a person good with numbers and making decisions according to them, then this program will benefit you.
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