Accounting is one of the most popular courses through the years and it seems there’s no stopping it from consistently becoming in demand.
Because accounting services are always needed in business, this is a career that enjoys a good employment outlook.
Businesses are going to struggle in handling their financial operations if they don’t have the expertise of an accountant navigating with them through the process. Hence, it’s safe to say that as long as businesses thrive and exist, accountants will always be needed.
To convince you further that this path is a good one for you to take, here are five reasons to study accounting:
1. It Enables You To Master Your Basic Math Skills
Nowadays, computers have made the lives of businesses and professionals better. Even a simple calculator can perform many of the computation tasks that once had to be done by people.
However, this doesn’t mean you shouldn’t brush up on your math skills. This shows that the difference between finance and accounting degrees is only very slim. Both are, in fact, closely related.
As you study accountancy, your basic math skills actually improve. This is needed so you can ensure the computations done by the machines are correct. Most importantly, it gives you the ability to explain the reports clearly to the team you’re dealing with.
Otherwise, if you don’t exercise your mind to work with basic math skills, you can become too dependent on machines that may eventually get broken or altered.
By learning accounting arithmetic, you don’t necessarily have to delve into highly technical matters. You can start with as simple as basic accounting to give you that strong foundation.
2. It Has Good Job Prospects
As briefly touched in the opening, accountancy is one of those jobs that have a very good career prospect. This means as long as you finish your degree, you know you’re in for a stable job in the future.
In fact, there are so many career opportunities that go alongside an accountancy degree. You don’t necessarily have to limit yourself to working for a business.
You can even start your own firm. This enables you to be your own boss and to have more control over your work-life balance.
Plus, the income outlook is great, too. While money should never be the top consideration for choosing a degree, it helps when you know your efforts will translate to financial stability.
Apart from that, here are other career options that you may pursue with your accounting degree:
- Accounting assistant
- Corporate lawyer
- Tax accountant
- Accounting clerk
- Payroll clerk
3. It Opens You Up To Overseas Opportunities
If you’re the type who craves an adventure while working abroad, then an accountancy degree is definitely for you. This is one of the careers with a stable overseas opportunity.
For instance, you could work for a firm that has an overseas office. You could be one of those sent to these overseas offices when the need arises.
It’s one of the jobs that can broaden your horizon, especially if you’re not someone who likes to be so limited to where you are now.
4. It’s A Good Foundation For Further Studies
In relation to the career aspects briefly touched on above, you’ll see that accountancy can actually lay a very good foundation for further studies. There are so many postgraduate courses you can take in which your background in accountancy can give you that competitive edge.
For instance, let’s assume you want to be a lawyer. Your accountancy degree can come in handy during the years of study in law school.
For one thing, there are many subjects in the four years of law school that are related to business and accounting subjects. Tax is one of these, most especially. Taxation law is one of the most difficult ones to study.
Because you’re already an accountant, you can breeze through this subject. It doesn’t have to feel like such a difficult one for you to take. It’s an edge that can definitely work to your advantage.
5. It Has Multiple Opportunities For Making Good Money
Good money is one of the best guarantees you can enjoy with your accounting degree. This is because of the multiple tax seasons in the year when businesses have a very strong demand for accountants. Think tax season.
Typically, this is at the end of a quarter, or at the end of every business year. While this means a busy time for you, it also means a lucrative way to boost your income.
With all these reasons, hopefully, now you’re more convinced that accounting is a good choice for you to study.
Yes, it’s going to be challenging, but it also means you’ll receive good training and all your efforts will be worth it.
Accounting is a foundational part of any business. But beyond just a good outlook, you’ll see from the above points that the reasons to study accounting are extensive.
Accurate accounting is the backbone of any business. After you finish your study, you can contribute greatly to an organization’s success.