Accounting is one of the most important roles for nearly any business. It is the documentation of financial transfers linked to businesses. It involves measuring, processing, analysing, and disclosing information about an entity to facilitate changes and to comply with current rules and directives.
Students in accounting will receive a comprehensive overview of corporate laws, company management processes, accounting ethics, statistics, and the theories of accounting. They will be trained in the preparation of business strategies, financial statements, tax returns, and other key documents of an organisation. Accounting also provides students with skills and knowledge that can be applied to a number of industries.
Accounting as a discipline can be categorised into two main fields. These are financial accounting and management accounting. In order to succeed in this field, students need to have excellent mathematical skills along with analytical skills, manipulating skills, and problem-solving skills. Accounting has a close connection with other disciplines like economics, finance, statistics, and computer science to name a few.
The field of accounting, like many other fields, includes a wide range of degrees ranging from associate degrees to doctoral degrees. As one progresses through the ranks, these degrees get more advanced with a variety of specialist fields.
The various types of degrees under which one can pursue a degree in Accounting include:
Bachelor of Arts (B.A) in Finance
Bachelor of Science (B.Sc.) in Accounting and Finance
Bachelor of Business Administration (B.B.A)
Bachelor of Commerce (B.Com)
Master of Business Administration (MBA)
Master of Arts (M.A) in Finance
Master of Science (MSc.) in Accounting and Finance
Doctor of Philosophy (Ph.D.)
Diploma / Certificate in Accounting
Accounting degrees offer a variety of specialisations, ranging from general accounting to highly specialised fields in the same subject. Therefore, students should carefully weigh their priorities and ambitions when seeking accounting specialisations in order to decide which curriculum is an ideal fit for them.
Students can choose to specialize in areas like:
Accounting Information Systems
Management or Managerial Accounting
Accountants are in high demand in nearly all industries, providing graduates with a diverse range of employable areas to choose from. They may find employment in many accountancy firms, insurance companies, banks, tax departments, consulting or financial firms in both the public and private sectors.
As an accountant, an individual is responsible for preparing, maintaining, and securing financial information to guarantee the payment of all taxes on schedule. They also advise on how to reduce costs while increasing revenues and earnings
- Accounting careers can vary from entry-level to executive-level. Graduates with an accounting certificate or degree may work as:
Anti-Money Laundering Officer
Chartered Management Accountant
Chief Financial Officer
- Finance Controller
Personal Financial Advisor