Accounting and Me: Challenges, Flexibility, and Impact

Introduction

When I first started college, I was not sure of what I wanted to study. For one reason or another, I ended up choosing Accounting, and I remember enjoying the classes a lot and taking them from there. Later on, I realized that I had made the right decision because this career will open many doors in the future. Even though it is a very demanding career, it can potentially help me if I ever decide to be self-employed. There are many things I have learned along the journey, one of them being that Accounting is not an easy major.

There is a lot of work that must be put in since most of the financial responsibilities of a business rely on us. It is very important that not only students learn but also understand the material.

Body

The Unveiling of Accounting’s Complexity

Many believe that accountants only deal with numbers, but in reality, it is a combination of knowing the laws, standards, concepts, and numbers to be able to prepare reliable financial statements. This financial statement showcases the well-being of a company for investors and owners to make influential decisions; “In an accountancy firm (or ‘a practice’), you will work with other companies and individuals to help them pay the right tax, compile their accounts, and then use that information to help them grow and make more money” (Reed, 2020). To be able to take care of these important tasks, one must have at least a bachelor’s degree in the area. Completing your bachelor’s degree takes around four years, and during these years, there will be many obstacles. Personally, I started my career at a community college and then transferred to FIU. The transferring process was tedious, including an entrance exam. After finishing all the required courses for a bachelor’s in accounting, one should be more than ready to work in any of the different fields, which would only depend on your likes and preferences. Either way, many people start working in the public field and end up changing to the private field. Many say it is because of the numerous amount of hours they have to work. This is when the flexibility that accounting provides comes into place.

Accounting is a career where most of the work is done on a computer, which gives me a chance to be flexible with my schedule. When choosing accounting as the career I aspired to study and dedicate my life to, I considered this. Personally, I have always wanted a flexible career where I can not only enjoy time with my family and friends but also make time for myself, which is fundamental for a healthy lifestyle. This also applies as I get older, when I want to build a family, which is something that requires time and effort. Accounting is the ideal career for me since it provides a stable job all year round but also adaptability.

Accounting’s Crucial Role in Modern Society

In the society we live in, money, the value it has, and the way it is used are in constant monitoring and examination, which is why accounting is a fabulous career to study. Personally, I believe that companies will always need someone to handle their money accurately and efficiently, making Accounting a major that is in very high demand, and that will be for years. According to The U.S. Bureau of Labor Statistics, unemployment rates for accountants in the United States dropped from 1.8% to 1.5%, proving that finance and accounting professionals continue to have very high demands.

As an accountant, I am aware that I will have a hand full of responsibilities that will determine how well I succeed in my career. Accountants have a responsibility to their clients, company managers, investors, creditors, and anyone else that requires their service depending on the industry that they are working in. Accountants also have to follow laws, be ethical with their work, and be responsible for the data they are handling. Although this might sound like an extremely laborious and dedicated task, that’s what makes accounting much more enjoyable, motivating, and challenging. Being able to work with highly important information ethically and satisfactorily brings a great sense of fulfillment to those doing the job.

Skills Development and Personal Growth

Personally, I possess certain skills such as logical thinking, coordination, neatness, and time management, among others, that are crucial for the career I am planning to pursue, accounting. As an accountant, I will work with delicate information from companies as well as clients, where I will need my coordination and responsibility to do the job effectively. Accountants also work extended amounts of hours during a particular time of the year, tax season (January- April), where being organized and able to manage your time accordingly will be essential to succeeding without working countless hours a day. This field, accountants according to The Bureau of Labor Statistics, almost all accountants work 40 hours a week or full time, but 1 in 5 work more than 40 hours per week. Although it can be exhausting, seasons like this only help to improve your career and knowledge since you learn a vast amount in a very brief period, preparing you for other seasons like these to come.

Conclusion

Accounting poses numerous challenges to your education as well as your personal life, but after all, it is a rewarding career. You can apply fundamental skills such as organization and time management in one place all at the same time. Utilizing these skills on a day-to-day basis won’t only make me a better accountant but also make my personal life a lot more productive and put together. Knowing that I can share my knowledge with companies around the world as well as help people solve their financial problems brings me a lot of satisfaction. That is why I chose to major in accounting, because of how fulfilling the results are and how helpful I can be to others. Majoring in Accounting can be a challenge, but with dedication and perseverance, I will be able to have the career of my dreams in no time.

References

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