WHY YOU SHOULD CHOOSE A CAREER IN ACCOUNTING?
So, you are thinking about your future and doing your research about all the careers that you can aim for. That is a good thing. But it can also be a little bit scary; and by a little bit, we mean a lot scary. There are a plethora of options for you out there and sometimes it could get overwhelming to try and reduce the number of options into a few viable ones.
Right now, almost every career seems to be calling you, and you don’t know what it takes to enter a career; you don’t know the skills that you need to develop; you don’t know if you have those skills in you in the first place. If you are good at mathematics and you love crunching numbers then why not foray into the industry of accounting? You might have been wondering about it even before you opened this article. So, we have tried to bring together all the reasons why a career in accounting is the one for you, why getting an online MSA degree is the right career move for you.
You might be curious about what does this field entails and what type of tasks you would be performing. Here’s a general idea of the accounting industry and what you can expect from it if you choose it as a career.
What is Accounting?
For those of you who don’t know (and we are sure that is not a big number) accounting is generally about recording, analyzing and reporting of the financial data that is related to business. It is one of the most important aspects of the company. It doesn’t matter what the company is about, whether they sell products or services, they will have at least one accountant on their payroll for managing all of their financial records.
The question that comes to mind is: Is it all an accountant does? (Boring)
No, that is not all an accountant does. There is so much more to accounting than just the day to day financial operations of a company.
Being in accounting means handling a wide range of tasks for the company that might include income tax services, consulting services, budgeting services, and internal and external auditing services, just to name a few.
You will find that a lot of the people who are running businesses or are at the top level of any business are accountants as they have strong financial backgrounds and that is vital for any company.
These are only some of the reasons why accounting is such a diverse field and such an interesting one. Because of these reasons and more just like them, accountants are highly sought-after, respected, and trustworthy persons. They carry the entire weight of the company on their shoulders by working with commitment, integrity, and by protecting the company by taking care of all the financial details—big or small.
Still not convinced? Here are some of the major reasons why choosing accounting is the way to go:
1. You’ll be in-demand
That is one of the most important reasons why most people choose accounting and it is important for you too. For a lot of other industries, you might have to consider a change in residence as there is not a lot of opportunities where you live. But for accountants, they are important no matter where they live. It doesn’t even matter how the economy of that area or region is doing. What matters is that the financial decisions for every company have to be taken and for those decisions to be right, there is a need of an advisor who has all the data, who can analyze the data and who can report that data as well.
Whether you go for the public sector, private sector or the government, every company, every organization, every not-for-profit organization needs accountants to manage their budget, take care of the taxes, run internal and external audits, and so much more. That is why accountants are always in demand.
2. You can make it your own
After getting your online degree and gaining some experience, you will have the choice of working as you see fit. We have now established that accountants are needed everywhere. Every business, every NGO, every government organization, whether we talk about the federal government, local, provincial, territorial or otherwise, needs accountants for their financial operations. This means that you can select the industry of your choice and make it your own.
You also have the option of working full time for a single client or having multiple clients at the same time. It all depends on your demand and your preference. You will get the flexibility to transform your career yourself. That is something that a lot of other fields cannot offer.
3. Your work matters (a lot)
We have already established that accountants are needed in every type of institute and organization imaginable. What they do is highly looked-for and they carry a lot of responsibility.
Accountants get to have a say in all the minor as well as major decisions that their company is about to take. This not only includes the day to day operations but it also includes all the other decisions that the organization is about to take.
As an accountant, you will be heavily involved with the financial position of the company and can guide the leadership as to the correct decisions so that the financial position only gets stronger and doesn’t weaken.
4. You’re an expert
Being the king of the numbers gives you a lot of power. People trust you and come to you for advice and counsel. Every department knows what they are doing, but you are the one who knows what everyone is doing as you are the one handling their budgets, expenses, payrolls and everything else. You have the knowledge and the experience to make sense of things that others can’t.
5. You’ll never be bored
A lot of people think and actually believe that accounting is a boring and monotonous job. Nothing can be farther from the truth. In fact, the only thing that you will have to worry about is that it can get too exciting some of the time.
Being in the midst of the operations gives you a unique vantage point. You are involved in a variety of tasks whether they are the day to day tasks or tasks involving high risk. This means that you are at the helm of the ship and are constantly being bombarded with questions, counsel, advice, and are involved in almost every aspect of your company.
Whether you are just starting on your career or you are already experienced and want to develop yourself, getting an online Master of Science in Accounting (MSA) degree can benefit you in more ways than one. These are just the major reasons for choosing this field. Once you enter it, you will find so much more that it has to offer.