The paper "Accounting as a Career Option" is an outstanding example of an application essay on finance and accounting. Reasons behind choosing AccountingAccording to the American Institute of Certified Public Accountants, accounting is explained as “ The One Degree with 360 Degrees of Possibilities” (California State University). Accounting is chosen as the major subject because it is one of the basic tools that are required for the smooth operation of the business and hence one must know it in order to make a successful career in the corporate world. However, accounting as a subject can prepare an individual to become an entrepreneur, to work in public sector organizations, to teach in educational institutions and to turn out to be an important partner in a particular accounting firm.
There are several types of job opportunities that the accountants are exposed to. Such opportunities can be classified into three major categories namely private accounting, public accounting, and not-for-profit or government accounting. In simple words, it can be said that accounting is chosen as it provides enormous opportunities to make a successful career in several sectors and industries (California State University). Experiences and activities that have influencedThere is a number of experiences and activities that have influenced the decision-making process of choosing to account.
From the school days, I have been observing that the calculation of prices is an important and integral activity in all the retail centers starting from big grocery outlets to small roadside shops. That observations gradually turned into the realization that there are two crucial concepts namely ‘ profit’ and ‘ loss’ which are the fundamental concepts that are to be followed while running any organization.
However, accounting is much more than ‘ profit’ and ‘ loss’ and since one of the family members is strongly associated with the same field, I have witnessed the vastness of this subject. Furthermore, I have been attached to a family that runs a business. This has given me the opportunity of having an indirect but effective experience of understanding the usefulness and importance of accounting even in a small family business. Accounting as a career optionIf accounting to be considered as a serious career option then the beginning has to be from the school level so that core concepts can be understood and used properly.
My plan for using the experiences and studies in achieving a successful career in accounting begins with setting the objective of becoming a partner or an employee in any CA (Chartered Accountant) firm. It is likely to provide initial opportunities for understanding the ‘ accounting in practice’ . In other words, the link between the accounting theories and the use of accounting in real business situations is expected to be properly understood by means of joining an accounting firm.
After spending at least 5 years as a partner, the option of becoming an accounting consultant can be tried out. This objective can be attained by starting a new accounting firm and providing various finance and accounting related services to small and medium-sized organizations.