Those students who are interested in business, analysis, and numbers then accounting is perfect for you to develop a language of commerce and finance. In this specialization you will learn about financial information, process, analyzing and measures of concerned investors, regulators, management, creditors, the general public and other parties to facilitate established rules adherence and management guidelines.
Course structure & entry requirements
Accounting is the process by which financial information about an individual, business and organization are recorded, interpreted, classified, communicated and summarized. Accounting is a multidisciplinary subject drawn from statistics, economics, technology, business, and law. the specialization of accounting focuses on an individual or organization’ss economic activities. Students may learn and gain practical knowledge and advanced theory of finance and accounting, calculation skills and computational techniques of professional accounting practice. Students also learn a broad understanding of commercial and finance sectors in the international context.
There are wide range accounting degrees available at undergraduate level Bachelor of Accountancy, Bachelor of Arts (BA) in Accounting, Bachelors in Accounting, Baccalaureus Computations (BCompt), Bachelor of Accounting Science (BAccSci) Bachelor of Business Administration (BBA) in Accounting, Bachelor of Science (BSc) in Accounting and Bachelor of Commerce (BCom) in Accounting.
Specialization in Accounting Degrees
There are many specializations in accounting degrees depending on your interest.
Degree in accounting majorly divided into five parts including many specializations available in each field.
Financial accounting: Financial accounting is the branch of accounting which includes analysis, collection, and recording of financial information, in order to summarize reports, information and statement of finance with professional, capital market and legal requirements such as government agencies, suppliers, and investors.
Management accounting: Management accounting involves reporting, analysis, and measurement for internal use of accounting information within organizations. This allows the decision-makers and managers to control the functions and discussed internally.
Auditing: Auditing includes creation, planning, documentation, assessment, and analysis of the financial statement of company or organization. In this, you’ll investigate and examine about operations, statements, performances, records, and data of an organization.
Taxation: Tax accounting include application and interpretation of principles prescribed by tax law. In this, you’ll learn about taxation policies, laws, history and basic concepts such as adjusted gross income, credits, exclusions, deductions, gross income, and exemptions.
Forensic accounting: This specialization is suitable in a court of law. In order to prevent the use of accounting principles, students will collect evidence, legal support, and testification.
Other accounting courses: other accounting courses are as follows business strategy, accounting information systems, business strategy, corporate reporting, cost accounting, data analysis, financial analysis, economics and management, international accounting, professional standards, macro & microeconomics, reporting procedures, strategic management, quantitative analysis and risk management.
Careers in Accounting Degrees are varied and wide, as with most arts and humanities subjects. Following are the career options available in Accounting Degrees:-
- Trainee accountants
- Accounts assistant
- Credit consultancy
- Retail banker
- Personal finance
- Investment analyst
- Tax adviser
- Risk management