Accounting

Accounting

Accounting Major in University

April 1, 2022

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Author:

Run Savuth


Accounting is the process of analyzing, recording, summarizing, interpreting and presenting financial statements as assets, liabilities, capital, income and expenses of an organization or business to consumers​ such as company owners, investors, etc.

What are Financial Statements?

Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes. Financial statements include:

  • Balance sheet
  • Income statement
  • Cash flow statement.

What is an Accounting Major?

Accounting major is a subject in which learn how to create, maintain and audit a detailed and accurate system that displays the finances of a business or organization. Getting your degree in accounting really is not more difficult than other potential fields of study. Just like any other program, you will run into some elements of accounting that are complex, but you may also find some of it to be relatively easy. It is the study of systematically recording transactions, sorting, analyzing, preparing financial statements, and assessing the financial position; it aids in decision making with financial data and information about the business.

 Some common accounting activities include:

  • Recording transactions
  • Collecting financial information
  • Compiling financial records, reports, and statements
  • Preparing tax returns
  • Ensuring an organization’s taxes are paid and its financial records comply with the law.

Here are following advantages of studying accounting:

  • You'll be able to manage your own finance more effectively
  • You'll gain an understanding of Current Events
  • You'll be able to make more meaningful contributions at work
  • Primed for entrepreneurial success
  • Have career advancement opportunities
  • To improve your decision-making Capabilities.

What are some roles when you finish your accounting degree?

You can work in a number of roles with an accounting degree besides accounting such as:

Finance jobs

You could be a/an…

  • Stockbroker
  • Retail banker
  • Finance analyst
  • Financial advisor
  • Investor relations specialist
  • Investment banker
  • Mortgage broker

Business and entrepreneurial jobs

You could be a/an…

  • Entrepreneur
  • Business advisor
  • Business Manager
  • Manager
  • Commercial director
  • Change analyst
  • Sales specialist
  • Management consultant
  • Data scientist
  • Economist
  • Business analyst

Other jobs

You could be a/an…

  • Human resource manager
  • Training and development specialist
  • Business development manager
  • Finance journalist
  • Business writer
  • Fundraising manager
  • Grants officer
  • Supply chain manager
  • Procurement manager
  • Brand manager
  • Cost estimator
  • Contract specialist
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