Why study accounting?
1. Professional Qualification
Accounting is a professional qualification which will allow you to work as an accountant once you graduate. Besides being an accountant, the qualification is also useful if you are interested in career in Finance, Operations and Product Control.
2. Stable demand for accountants
Even during the crisis, companies will still need someone to take care of their books and manage the cash flow. Hence, I would consider being an accountant a rather safe job. It is definitely less volatile and less risky compared to working in a bank.
3. Allows you to understand how a company works (financially at least)
By understanding the different financial statements, this will allow you to do what Warren Buffett does best....Fundamental Analysis. You will be able to understand how well the company is doing and will be able to make a more informed decision whether to invest in the company's stocks or not.
There are really no clear disadvantages of studying accounting (a similar situation to studying Economics). However, the worst thing would be to study accounting because you think it is beneficial but in fact, you do not enjoy it at all.
My advice would be to study what you like as in the long run, passion is more important in a career. Imagine waking up to a job which you do not like! Wouldn't that be horrible?
Some hubs on Accounting
- Why You Need to Learn Accounting (the Basics, That Is)
Good accounting is often obtained by hiring good accountants or CPAs and/or having well-placed accounting procedures and systems. Most businessman and company owners stop here, thinking that good CPAs and...
- Accounting The Language of Finance
There is an accountant's story that goes like this: Once there was a man who was the chief accountant for a major business in town. This man had a reputation for being the most knowledgeable accountant in...
- Hot Jobs In the Important Field of Accounting
Accounting is vital to every business and organization, as well as to the home and personal finance. This arcitle shows you why and how you can become involved in high paying accounting careers.