Why Study An Accountancy Course?
If you’re looking at switching career paths, you are likely to have considered a range of different options that are suited to your skill set and interests. In the current day and age, furthering a career largely depends on the level of education you have, therefore, getting a college degree is often the best route to help you achieve your goals. If you have a talent for mathematics and analytics, one of the options you may have considered is an accountancy degree. A course in this field opens up a vast amount of opportunities that you may never have known about. In this article, we’re going to discuss some of the key reasons why you should consider studying an accountancy degree:
1. You’ll learn transferable skills
Accounting equips you with such a vast array of skills that can be transferred to any industry; including the likes of understanding profit and loss calculations, managing payroll and making risk-based decisions, which are highly sought after traits of any employer. After studying an accountancy degree, you may decide that you wish to seek other career opportunities and interestingly, an accountancy degree gives you the freedom to do so. With this in mind, you won’t be tied down to a single career but could think about branching out into other industries if you wish to.
2. You’ll always be in demand
Every business sector needs an accountant either on a full-time or freelance basis. Even with the ever-changing technological innovations that seem to be affecting job roles across the globe, accountancy is one sector that will always need human skills. Regardless of the demands for accountants, you’ll need to stay on top of the latest trends in the industry so that you keep pushing forwards in your career.
For example, following the Enron financial accounting scandal whereby its shareholders lost $74 billion, due to accounting fraud in major part, more exacting accounting standards, such as ASC 842 lease accounting have been imposed on private companies. Lease accounting knowledge is therefore something that will be in increasing demand as these new rules that will need to be complied with commence in 2022.
3. You’ll have international opportunities
Being a parent means you may be tied down to personal commitments at home, but if you have always had the ambition to travel internationally as part of your job role, an accountancy degree may open that door for you. Accountancy degrees are looked upon favorably by many countries across the globe when accepting either work visas or new citizens, which is highly beneficial if traveling is one of your main reasons for switching careers.
4. A stepping stone for other degrees
Studying for a course such as Merrimack College Master's of Science in Accounting paves the way for a whole host of future study opportunities. It equips you with a range of skills and topic areas which are relevant for any industry including emerging technology, business strategy and modeling and leadership, which are ideal when applying to extra degree courses or job roles.
Having numerous qualifications under your belt will become a highly attractive addition to your resume and increase your chances of employment, as well as giving yourself the scope to venture into different fields.
In recent years, accountancy has become one of the most popular courses for those looking to switch career paths. Due to the ever-growing marketplace and growth of businesses, accountancy will always be a requirement, which is why you should consider taking the leap to further your education in this sector.