What You Should Know If You're Considering an Accounting Degree (2024)

View all blogs

What You Should Know If You're Considering an Accounting Degree (1)

by

SHELBIE WILLIAMS

What You Should Know If You're Considering an Accounting Degree (2)

As a child, I sang. I danced. I hid under my covers with a flashlight and agood book. From designing herb gardens and crocheting misshapen blankets to scrapbooking and dreaming up experimental recipes to inflict on my family—if it was dreamy and artistic, I did it.

When it came time to pick a college major, I surveyed my most-beloved high school subjects—classical music, history, grammar, literature, Spanish—and landed on... accounting.

What You Should Know If You're Considering an Accounting Degree (3)

Yep. Making heads spin since 2011, that’s me! I picked a Bachelor of Science in Accounting, a typical 4-year, 120-hour degree in a subject I had previously hadzeroexperience in.

Shock (or outright terror) became the most common reaction when I told friends and family about my degree choice.

If you believe the cultural stereotype, I was an unlikely accountant for sure. Accountants are the stern, semi-monastic gurus of great financial mysteries beyond the pale of the happily-unaware. I was just a starry-eyed dreamer longing to organize a world I had never explored.

That’s how I discovered the stereotype was dead wrong.

Signs You Have an Accounting Brain

I chose accounting for two reasons:

  1. I didn’t hate math, and

  2. I wanted a firm grasp on a concretebusiness skillto round out my artistic tendencies.

After focusing on the humanities in high school, I wanted to gain more practical expertise as I entered adulthood. Accounting seemed like a prime career option with great earnings potential and lots of job location flexibility. But honestly, I had no idea I would actually begoodat it, much less enjoy it. As I began my studies, I found out why accounting fit strangely well into my creative personality.

Here are some signs accounting might be a more likely match than you think:

Numbers don’t make your brain hurt.

Accounting isn’t hard-core math. It’s basic addition, subtraction, multiplication, and division. Possibly some light, entry-level algebra, but that’s it. You don’t have to understand calculus. You just need the mental ability to associate abstract information (numbers printed on a page) with real-world quantities (money and other valuables).

Organizing gives your heart joy.

For a whimsical bookworm, I was surprisingly skilled at accounting… but why? Design. Abstraction. Labeling. The adventurous pieces of my childhood were all indicators that I would be really, really good at categorizing things.

Turns out accounting is organizing on steroids. Less math, more Marie Kondo. (Except you can’t throw out the numbers that don’t bring you joy. Don’t do that. That’s called fraud.)

You’re a little bit of a perfectionist.

Disorder nags at the back of my mind like that cringe-worthy sound my car bumper makes when I drive over the curb for the millionth time. There is nothing like the satisfaction of neat columns of numbers balancing out on the crisp ledger lines of an Excel workbook.

If you can’t rest until everything isexactlywhere it needs to be, welcome to the spreadsheet family. Your perfectionist tendencies are welcome here.

However, if counting, obsessing, and lining up things in even rows makes you a little crazy, run now. Accounting will kill you slowly.

As I approached the end of my degree, it was clear that—unlikely candidate as I seemed— accounting was a great fit for my weird little brain. It worked for me. But I still wasn’t quite sure exactly howIwanted to work forit.

What Can You Do With An Accounting Degree?

I suspect that you might think of an accounting degree the way I did. I saw a very specific career path laid out for my chosen degree, and I wasn’t sure how it would apply to much else. I was surprised when I found out just how open my options were

Accounting education follows a basic hierarchy, but each level leads to a similar place: a computer full of numbers crying out for your love and attention. How big the numbers are and what you’re allowed to do to them depends on your certification level.

Here’s a quick run-down of the typical levels of accounting work:

Bookkeeper

Bookkeeping involves basic accounting, but you don’t necessarily need a degree to do it. A bookkeeper tracks spending, pays bills, and keeps up with a business’s financial paperwork like invoices and reports.

Accountant

Just up the ladder from bookkeeping is accounting. An accountant typically holds a bachelor’s or amaster’s degree. While not recognized as certified by the IRS, accountants can generate financial statements, prepare tax documents, and conduct audits of a company’s ledgers.

CPA

An accountant is not the same as a CPA.CPA stands for Certified Public Accountant, and this certification requires an exam plus an extra 30 hours of college credit. As the gold standard of accounting prowess, CPAs are authorized to perform general accounting work as well as prepare tax returns and, most importantly, legally represent other taxpayers to the IRS.

Accountants often devote themselves to a particular area of finance that interests them, such as internal accountability and improvement (managerial accounting or cost accounting), external reporting (financial accounting or tax accounting), or financial review for legal purposes (auditing or forensic accounting).

But as I hinted at before, traditional accounting fields are definitely not your only option with this degree. Despite my original plans of a home accounting office, I have actually never worked in an accounting position.

I write articles and talk to people about their health insurance for a living. I’ve also administered online learning platforms, developed courses, and taught music—all since earning my degree. I plan to do other things over the course of my life too, maybe evenown a business.

My degree doesn’t just belong behind a desk or inside a spreadsheet. I learned about the inner workings of business, economics, marketing, communication, finance, and taxation. My diploma awarded me with a Bachelor’s of Science in Business Administration with afocusin accounting. (Although a person can get a bachelor's or master's in accounting without the business administration part.) I’m a businesswoman with an edge.

My accounting degree gave me so much more than just an understanding of contra accounts or how to balance a ledger. It gave me critical insight into business and a broad base of knowledge that I can bring to any job I pursue. It balanced my artistic intuition with concrete intellectualism, allowing me to act as a human bridge between the worlds of language and numbers.

Accounting isn’t for everyone, true. But as I learned, it isn’t limited to a few nerdy, introverted geniuses. It was also perfect for a bubbly, artistic girl who needed boxes large enough to organize her imagination.

You never know. Accounting might take you by surprise too.

Did you enjoy this post? You might also enjoyWhy Your Bachelor’s Degree Won’t Get You a Job.

  • Shelbie Williams
What You Should Know If You're Considering an Accounting Degree (2024)

FAQs

How do I know if I want to major in accounting? ›

Maybe you enjoy working with numbers and reconciling mathematical data, you're interested in analyzing trends and helping companies make financial decisions, or maybe you like the idea of the stability and steady demand for accounting positions in the current job market.

What to know before starting an accounting degree? ›

Future Goals Can Help Determine the Best Degree Path

Before beginning an accounting degree, learners should consider their future goals. Some accountants begin their careers in entry-level positions and work their way up to higher roles. An associate or bachelor's degree in accounting may suffice for these accountants.

How do I know if I'll be good at accounting? ›

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.

How do I figure out if I like accounting? ›

If you enjoy math, data analysis, logical thinking and communicating information to other people, you may enjoy being an accountant. You can also consider shadowing a practicing accountant to learn more about the details of the career and whether you would enjoy it.

Am I smart enough to become an accountant? ›

And, like attorneys, accountants have to be well-versed in their specialized areas of the law (tax law, for instance). But accountants, unlike many attorneys, also must be good at math!

What kind of math do accountants use? ›

Double-entry accounting requires an understanding of algebra to balance debits and credits. Accountants also use algebra to calculate liabilities and depreciation. Understanding algebraic equations helps accountants manage financial data and recommend strategies.

Is it hard to pass accounting? ›

The overall CPA Exam pass rates hover slightly below 50%. This makes passing the CPA Exam a difficult, but achievable, goal. You'll need to study wisely, set a strategy for managing your time, and call on your support network, but with the right plan and good study materials, you will conquer it.

How do I prepare for a career in accounting? ›

How to prepare yourself for a career in accounting?
  1. Earn a bachelor's degree in business. ...
  2. Obtain professional accounting qualifications. ...
  3. Secure an internship at accounting firms. ...
  4. Acquire relevant accounting work experience. ...
  5. Build a professional network.

Is an accounting degree very hard? ›

Accounting is often considered to be one of the most intense college majors there is. Students are required to take very rigorous courses in a number of different subjects. In addition, the core coursework required in accounting can be daunting and takes much studying and preparation.

What is your weakness as an accountant? ›

You could say that you struggle with public speaking, but you are taking an online course to improve your presentation skills. Or, you could say that you sometimes get overwhelmed by complex tax regulations, but you are always eager to learn from your colleagues and update your knowledge.

How can I study accounting well? ›

Review each lesson before and after class.
  1. Take notes on the chapter before you go into class.
  2. Don't be afraid to ask questions. ...
  3. Take time to review notes after class.
  4. Revisit anything you are still having trouble with by rereading sections in your textbook or going over notes from the day's lesson.

What is the golden equation for accounting? ›

The application of the Golden Rule ensures that the accounting equation (Assets = Liabilities + Equity) remains balanced after each transaction. By recording debits and credits correctly, the total debits equal the total credits in the accounting system.

Is accounting hard or is it just me? ›

Mastering complex skills and paying close attention to detail are some of the challenging parts of learning accounting. Choosing a specialization may help in overcoming these challenges. Accounting is closely connected with fields like finance, data analytics, technology, and mathematics.

What is the famous accounting formula? ›

Assets = Liability + Stockholders' Equity

This is called the accounting equation or balance sheet equation. It's used to understand the financial position of a company through the economic resources it owns and the sources of financing for those resources.

Who should major in accounting? ›

Whether you have aspirations to work at top leadership levels in an organization or start your own business, an accounting degree provides a general business core and deep expertise in financial regulations, responsibility and reporting.

Why do you choose accounting as your major? ›

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 ...

How hard is it to major in accounting? ›

Earning a degree in accounting can be challenging due to the complex nature of the subject matter, however it is not necessarily categorized as math-heavy. Students who are dedicated, diligent, and hard-working can successfully earn an accounting degree.

What major is best for accounting? ›

Prospective students can pursue several degree options to prepare for a career in accounting, including a bachelor of arts, bachelor of science, or bachelor of business administration. Each degree can open graduates to exciting new opportunities. However, they may emphasize different topics or skillsets.

References

Top Articles
Latest Posts
Article information

Author: Saturnina Altenwerth DVM

Last Updated:

Views: 5593

Rating: 4.3 / 5 (64 voted)

Reviews: 87% of readers found this page helpful

Author information

Name: Saturnina Altenwerth DVM

Birthday: 1992-08-21

Address: Apt. 237 662 Haag Mills, East Verenaport, MO 57071-5493

Phone: +331850833384

Job: District Real-Estate Architect

Hobby: Skateboarding, Taxidermy, Air sports, Painting, Knife making, Letterboxing, Inline skating

Introduction: My name is Saturnina Altenwerth DVM, I am a witty, perfect, combative, beautiful, determined, fancy, determined person who loves writing and wants to share my knowledge and understanding with you.