Why Earn a Degree in Accounting?

Posted on December 14, 2016  in  [ Business & Management ]

Have you considered earning a Bachelor of Science in Accounting? This degree program can prepare you for a successful career as an accountant. Continue reading to learn about just some of the many reasons to earn a degree in accounting:

Gain an In-Depth Understanding of Accounting

As an accounting major, you will learn the core foundations of accounting principles and procedures. The coursework in this program includes a focus on accounting theories necessary for preparing financial statements in the U.S. and for decision-making. You will explore auditing standards, the procedures involved in the auditing process and ethical issues faced by auditors.

In addition, you will also study the theories and practices of preparing income taxes for corporations, partnerships, estates, trusts and individuals. You will examine the principles of cost accounting, including job order systems, process costing, activity-based costing and budgeting.

Pursue an In-Demand Career

According to the Bureau of Labor Statistics, the employment of accountants and auditors is projected to grow 11 percent from 2014 to 2024, which is faster than the average for all occupations. As the economy grows, more accountants will be needed to prepare and examine financial records. Therefore, the future is bright for those who choose to earn an accounting degree!

Earn a Versatile Degree

An accounting degree is versatile, as it can be applied to many different settings. Every business has to track their finances, which gives accounting majors a wide variety of options when it comes to choosing where to work. Typical careers for accounting majors include public accountant, corporate accountant, financial analyst, tax preparer or auditor.

Gain Useful Skills

Without realizing it, we use accounting just about every day. For example, something as simple as buying your lunch from a restaurant involves accounting for both you and the restaurant. As a customer, you pay money in exchange for the product. For the restaurant, they provide lunch in order to receive money. The restaurant will then keep track of purchases using accounting. Overall, having a basic understanding of accounting can help you to manage your personal finances and make wise decisions when it comes to investing.

The Colangelo College of Business at Grand Canyon University offers leading-edge degrees that address the demands of contemporary business environments. To learn about GCU’s business degrees, visit our website or use the Request More Information button at the top of this page.

Written by Lauren Abraham, a senior earning a degree in communications at GCU.

References:

  • “Accountants and Auditors.” Occupational Outlook Handbook. Retrieved from: bls.gov/ooh/business-and-financial/accountants-and-auditors.htm

Lauren Abraham

Lauren Abraham is a senior at Grand Canyon University studying communication with a minor in marketing. She was born and raised in Phoenix and enjoys living in the Valley.
Learn more about Lauren Abraham

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