Accounting is one of the most critical positions in almost any firm. It is the documentation of business-related money transfers. It entails gathering, processing, analysing, and disclosing data about an entity in order to facilitate changes and comply with current norms and directives. Accounting students will acquire a complete introduction of corporate legislation, company management processes, accounting ethics, statistics, and accounting theories. They will be instructed in the creation of corporate strategy, financial statements, tax returns, and other critical organisational papers. Accounting also teaches students skills and knowledge that they can apply to a variety of sectors. Accounting as a discipline can be divided into two categories. There are two types of accounting: financial accounting and management accounting. Students must have good mathematics skills, as well as analytical, manipulative, and problem-solving abilities, in order to flourish in this discipline. Accounting is closely related to several other fields, including economics, finance, statistics, and computer science, to mention a few.

Study Level

Accounting, like many other areas, offers a wide range of degrees spanning from associate to PhD levels. These degrees become more complex as one advances through the ranks, with a range of expert subjects. Accounting degrees can be obtained through a variety of avenues, including:

• Associate Degree
• Bachelor of Arts (B.A) in Finance
• Bachelor of Science (B.Sc.) in Accounting and Finance
• Bachelor of Business Administration (B.B.A)
• Bachelor of Commerce (B.Com)
• Master of Business Administration (MBA)
• Master of Arts (M.A) in Finance
• Master of Science (MSc.) in Accounting and Finance
• Doctor of Philosophy (Ph.D.)
• Diploma / Certificate in Accounting

Specialisation

Accounting degrees cover a wide range of specialisation, from general accounting to highly specialised sectors within the same subject. As a result, when looking for accounting specialisations, students should carefully consider their interests and ambitions in order to choose which programme is the best fit for them. Accounting has several specialisation possibilities, including the following:

• Accounting Information Systems

• Assurance
• Auditing
• Business Strategy
• Commercial Finance
• Corporate Finance
• Corporate Recovery
• Corporate Treasury
• Financial Accounting
• Forensic Accounting
• International Accounting
• Management or Managerial Accounting
• Risk Assessment
• Tax Accounting

Employability

Accountants are in great demand in practically all businesses, giving graduates a varied choice of employable options. They can work in a variety of accounting businesses, insurance companies, banks, tax agencies, consulting firms, and financial firms in both the public and private sectors.

An accountant is responsible for preparing, managing, and protecting financial information to ensure that all taxes are paid on time. They also provide guidance on how to save costs while growing revenue and earnings. Accounting positions range from entry-level to executive-level. Accounting certificate or degree holders in India can work as:

• Accountant
• Junior Accountant
• Public Account
• Certified Public Accountant (CPA)
• Management Accountant
• Relationship Manager
• Finance Associate
• Data Entry Accountant
• Computer Operator
• Financial Controller
• Tally Operator
• Report Accountant
• Accounts Executive
• Account Manager
• Financial Analyst
• Auditors
• Tax Accountant
• Bookkeeper
• Payroll
• Cost Accountant
• Forensic Accountant

The career paths available for accountants abroad are as follows:

• Accounting Assistant
• Actuary
• Anti-Money Laundering Officer
• Auditing Clerk
• Bookkeeper
• Chartered Management Accountant
• Chief Financial Officer
• Company Secretary
• Cost Estimator
• Environmental Accountant
• Finance Controller
• Finance Manager
• Financial Advisor
• Financial Analyst
• Financial Director
• Forensic Accountant
• Investment Banker
• Management Accountant
• Personal Financial Advisor
• Professor/Lecturer
• Public Accountant
• Payroll Clerk
• Treasury Analyst
• Economist