1. Excellent graduate prospects
Look at our Accounting & Finance subject table, and you can see that the graduate prospects scores are pretty high. This means that students stand a decent chance of being professionally employed within six months of graduating.
2. The world needs accountants
The world of money is constantly evolving, so accountants and financial professionals must move with the times to stay up to date. Despite this, money isn't going anywhere, and it's likely that there will always be a demand for professional number crunchers.
3. You could work in any industry
Accountants record, classify, summarise, interpret and communicate the financial information about a business. You can apply this to any company, in any field, industry and sector. In many jobs, you could be working with a variety of clients, thus working across several different industries.
4. Internationally diverse cohort
Subjects that fall under the broad spectrum of business and administrative studies, including Accounting & Finance, benefit from the most culturally diverse student cohort of all. Over 55,000 of the UK's students in this area come from overseas. A diverse cohort will not only expose you to people of different cultures but can provide you with an international network of contacts.
5. Joint honours
Accounting & Finance complements other subject areas well, particularly those that fall under the large umbrella of business. Several universities offer Accounting & Finance joint honours degree courses, so you have the option to explore other passions. Whether you want to become a broad businessperson or an accountant with knowledge of a foreign language (useful in a global marketplace), there are plenty of combinations to choose from.
6. Real-life application
Accounting & Finance courses often take a highly practical approach. Universities ensure their students learn by doing through simulated and real-life opportunities where you get to manage genuine business accounts.
7. Year-abroad opportunities
Many Accounting & Finance courses have an optional placement year, so you could come out of university with a degree and a year of industry experience. Overseas experience could provide you with a deeper understanding of the global economy, an experience of other cultures, and extra language skills.
- READ MORE
- What graduates do and earn
- Accounting & Finance subject guide
- Search undergraduate courses
- Accounting & Finance subject table
FAQs
Express your interest in numbers
An accountant's role revolves around working with numbers. Emphasize your fascination with numbers and how they convey a company's financial narrative. Highlight how accounting allows you to decode these numbers and assist companies in making informed decisions.
What would be 5 different reasons for studying accounting? ›
Top 8 benefits of studying accounting
- Leadership and strategic impact. ...
- Varied responsibilities and skill development. ...
- Career progression and advancement. ...
- Financial management expertise. ...
- Job stability and market demand. ...
- Competitive compensation. ...
- Critical thinking and problem-solving. ...
- Global opportunities.
The importance of accounting
- Tracking income and expenditure.
- Ensuring statutory compliance.
- Provide quantitative financial information.
- Assess the performance of a business or organisation.
- Provide data to support decision making.
Express your interest in numbers
An accountant's role revolves around working with numbers. Emphasize your fascination with numbers and how they convey a company's financial narrative. Highlight how accounting allows you to decode these numbers and assist companies in making informed decisions.
Why are you interested in accounting and finance? ›
“I chose accounting as a career because it allows me to combine my passion for helping people with my analytical skills. I believe that by providing accurate financial information and insights, I can contribute to a team making informed decisions, ultimately aiding them in achieving our goals.
Why should I study accounting and finance? ›
Accounting and finance play vital roles within any organisation. You'll manage and use accounting systems designed to help decision-making and control. You'll also have the financial management techniques and risk management capabilities to value projects, investments and controlling risk exposure.
What are the 5 purposes of accounting? ›
The primary functions of an accounting system are to track, report, execute, and predict financial transactions. The basic function of financial accounting is to also prepare financial statements that help company leaders and investors to make informed business decisions.
What are the benefits of studying accounting? ›
6 TOP REASONS TO STUDY ACCOUNTING
- Pursue career outcomes that are in high demand. ...
- Benefit from strong industry growth and higher potential earnings. ...
- Enjoy career flexibility. ...
- Be part of a resilient industry. ...
- Graduate with a degree that has international appeal. ...
- Set yourself up to become an entrepreneur.
Five Accounting Principles that You Should Know
- Revenue Recognition Principle.
- Cost Principle.
- Matching Principle.
- Objectivity Principle.
- Full Disclosure Principle.
Accounting offers plenty of opportunities to learn new technology and techniques that you can apply throughout your career. In accounting, you usually learn the latest software, which can help you stay current with the newest technology. Continually adapting to new software helps you remain a valuable professional.
You Will Be In a Profession That Is Respected and Known for Integrity and Ethics. Accountants are respected business professionals, and accounting is known to be one of the most trustworthy professions. You will become a trusted advisor to others where you work, and your opinion will matter in making business decisions ...
What motivates you as an accountant? ›
You get to spend your time helping people
It could be the perfect career. Accountants help their clients all day long, especially ones who work for an accountancy practice. We think helping people solve their problems and achieve their business goals is a pretty rewarding way to spend your time.
Why am I passionate about accounting? ›
You Have a Passion for Problem-Solving.
If you love figuring out puzzles and challenging your brain in other ways, accounting is a great fit for you. Accountants should have a strong desire to learn and excel at solving problems. As an accountant, you might face complex problems that need to be carefully sorted out.
Why do I want to study an accounting essay? ›
I decided to major in accounting because of my logical thinking: I am going to college because I want to have a job, companies will always need people to handle their finances and will pay good money for someone to do so, so I am pursuing a major in a field that is in high demand and will most likely be in high demand ...
Why is accounting important? ›
Accounting is important as it keeps a systematic record of the organization's financial information. Up-to-date records help users compare current financial information to historical data. With full, consistent, and accurate records, it enables users to assess the performance of a company over a period of time.
Why would I choose accounting? ›
It's a highly respected profession and is also immensely satisfying – you'll draw on strategic, leadership and communication skills, work with a variety of teams and really make an impact on your workplace and the wider world.
Why do so many people study accounting? ›
The accounting field offers a wide array of career options from auditing, tax accounting and cost accounting to managerial accounting with several professional certifications for each. There are also opportunities in public accounting, government agencies or corporations, in addition to entrepreneurship.
