Why You Should Take an Accounting Course
MD: Ever thought about taking an accounting course? Here are a few reasons why you shouldn’t hesitate.
Introduction
Have you ever thought about taking Accounting as an elective or a full-fledged accounting course? If you haven’t, I can give you some excellent reasons that might make you change your mind! But first, let’s correctly understand what accounting is.
Reasons to Take an Accounting Course
Accounting is a fundamental function of business – every business, large or small, needs it regardless of the type. Accounting records every financial transaction and analyses it. The year-ending financial statements generated by the Accounts department help you see if the business has made a profit or loss.
Accounting helps companies comply with regulations and make strategies to improve their business.
One thing is clear: there will always be a demand for accountants. That sounds like an excellent reason for choosing this as your career.
You have several options to specialise in once you get into accounting. You can become a chartered accountant, a cost accountant, actuary, forensic accountant, tax practitioner, etc. You can also use this course as a stepping stone and get into an MBA program. Whatever you learn in your accounting course will also help you in this course.
It’s improbable that you will ever be out of a job. With experience, you will be able to earn a high salary even if you start as an ordinary accountant. There is a lot of scope for specialisation and advanced studies in accounting. Your resume will become even more attractive to prospective employers by upskilling yourself. This translates into better remuneration packages.
Conclusion
Let’s say you are not interested in a purely accounting career. Above-average knowledge of accounting will look good on your resume. It will be an additional skill you have and give you an edge. Moreover, an accountant’s job prospects are not limited to their location. They have international prospects and can easily do their work from home.
FAQs
1. Is accounting different from finance?
Finance is about managing business funds, while accounting records transactions and helps managers to make sense of them.
2. Can an accountant be self-employed?
Yes, an accountant can freelance and offer their services to different companies.
3. Apart from private businesses, where else can accountants find employment?
Government agencies, non-profit organizations, and financial and accounting firms are where you can work apart from private companies.
4. Has the nature of jobs in accounting changed over the years?
The advent of technology has brought many changes to the field of accounting. Several accounting solutions have automated many accounting processes. Real-time data collection, mobile applications, IoT and remote meetings are some of the things that have transformed accountants’ jobs.
5. Does the increasing use of technology threaten the accounting profession?
Not really. There will always be a need for proficient accountants who can solve problems logically and learn new skills to address modern challenges in business accounting.
