Is it worth studyin accounting?


H

Harjinder

Hi! Iam a student doin my masters in professional accounting. I just
feel these days that I did a mistake by takin accounting as study n
later on as a profession. If u guys could help me out n plz let me kno
abt the future of accounting. N is it really worth studyin accounting
n then makin a career in it. What is the future of accounting
profession? Can we make gud money in it? What field of accouting is
the best to undergo?
 
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J

Jym Boorbcg

Harjinder said:
Hi! Iam a student doin my masters in professional accounting. I just
feel these days that I did a mistake by takin accounting as study n
later on as a profession. If u guys could help me out n plz let me kno
abt the future of accounting. N is it really worth studyin accounting
n then makin a career in it. What is the future of accounting
profession? Can we make gud money in it? What field of accouting is
the best to undergo?
de futur uh accounting is nutz a mystke bot u shud git a PhD b4 u git a gob
 
P

Paul A Thomas

Harjinder said:
Hi! Iam a student doin my masters in professional accounting.
I ~do not~ want to know what school you received your Bachelors from.
Can we make gud money in it?

The way you spell, you can't get a job. Anywhere. Doing anything for
greater than minimum wage.
 
A

Arnold

Harjinder,

It appears that you are not totally comfortable with the English
language, but you seek answers from this English speaking group. Rather
than make fun of your weakness, I am taking your request seriously.

If you enjoy the process of accumulating raw data and converting it into
meaningful information, if you enjoy working with lots of detail, if you
don't mind long hours of mind-numbing work, and if you don't mind
working in environments where not everyone respects or understands the
real value of your contribution, accounting may be for you. If you need
to be the center of attention, the highest paid employee, the one with
the biggest office, the one with perks and a company car, accounting
will probably never be fulfilling for you. If you like being an
essential part of an important team, but often feeling like an anonymous
member, you may enjoy accounting.

These insights do not directly answer your question, but they lead to
the answer. There will always be a need for good accountants in
business, not mediocre bean-counters that shuffle papers and submit
voluminous reports, but good, dynamic accountants.

Computerized accounting software is a necessary, powerful tool, but it
will not replace a trained accountant for insight and wisdom. Good
business decisions are made with accurate, timely, comprehensible
information, created by a live person using good software. If this is
your talent, you may become a valuable part of your organization. If
you selected accounting because it appears to be an easy, desk job, you
will often be looking for a new employer. Accounting is hard work, with
stressful, unforgiving deadlines and very little glory. You have to be
as solid as a rock and a self starter with superior work habits to be an
outstanding accountant.

If you have what it takes, you might find yourself dealing with people
whose business insights are, shall we say, "inadequate" compared to
yours. There may be times when your understanding of the realities of
situations might be better than those in charge. If you have leadership
skills such as being able to analyze situations, make decisions, and get
others to see your vision of what needs to be done, you might evolve
into an entrepreneur.

If you find yourself making recommendations that change the direction of
your company, that reduce risk, and increase profitability, you may end
up as CFO, CEO, or President. Your education and experience in
accounting will be the basis upon which you have built that career. If
you come to head a business, your education and experience will
contribute to the firmest foundation upon which a business can grow
from. A good accountant is worth his/her weight in gold. Never forget
that.

The future of accounting will undoubtedly bring changes that no one has
anticipated. When I started, we were told that punch cards were the
ultimate tool for data entry. Now, data is being scanned, transferred
electronically, and in a few instances "spoken" directly into the
computer. I think voice recognition is slow and cumbersome, but the
future may bring changes. As a specialist in the electronic side of
accounting, I foresee changes that will take some by total surprise,
especially those who resist change or rely only on what they learned at
college. Technology is evolving, not just improving. If you want to be
prepared for the future, keep a close watch on what is happening in
connection with the Internet, with portable solid-state hard drives, and
with wireless technology. Beware of today's wireless networking
technology. It exposes your data to security compromises that are
inexcusable. Don't take the lead in implementing new technologies.
Some are only useful in theory and the minds of their visionary
creators. Use only those that prove themselves. Let others pay the
price for being on the leading edge. Reliability is more important to
accounting and management than implementing every technology improvement
as it hits the market. Be conservative in your actions, but aggressive
in your open-mindedness.

What field of accounting is best? The one that fits your talents and
aspirations. If you focus on them and use accounting as a way to
fulfill them, you will enjoy greater success. Will you make good
money? If you work with a company that recognizes your value and you
truly add value to that company. Cream rises to the top.

This is what I told my sons when they asked me what I thought about the
future as they started college. There are no secrets here, just the
insights borne of experience during changing times. It may sound corny,
but if it helps, great.

Arnold
 
J

Joe Canuck

Harjinder said:
Hi! Iam a student doin my masters in professional accounting. I just
feel these days that I did a mistake by takin accounting as study n
later on as a profession. If u guys could help me out n plz let me kno
abt the future of accounting. N is it really worth studyin accounting
n then makin a career in it. What is the future of accounting
profession? Can we make gud money in it? What field of accouting is
the best to undergo?
Studying accounting is never a mistake as it is the financial language
of business and there are so many opportunities open to you in a wide
variety of business... essential ANY company or business as you are not
tied to any one sector.
 
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A

Arnold

J Fisher,

Thank you for the compliment. Few comments I've offered on this
newsgroup have been "appreciated" very much.

Arnold
 
B

Bobster123

From: Arnold (e-mail address removed)
wrote:
if you enjoy working with lots of detail, if you
don't mind long hours of mind-numbing work, and if you don't mind
working in environments where not everyone respects or understands the
real value of your contribution, accounting may be for you. If you need
to be the center of attention, the highest paid employee, the one with
the biggest office, the one with perks and a company car, accounting
will probably never be fulfilling for you. If you like being an
essential part of an important team, but often feeling like an anonymous
member, you may enjoy accounting.
I concur with Arnold.

Can the accounting field give you the opportunity to earn a decent wage and
make a comfortable living? Yes

Will you become rich and famous being an accountant? No

Will you do lots of humanitarian-type things that change the world as an
accountant? No

The decision of whether-or-not to enter the accounting field should probably
rest with your personality and goals in life.
 
T

tippy

A good answer but I suspect you were sucked in to a mischievous joker.

Studying accounting is never a mistake as it is the financial language
of business and there are so many opportunities open to you in a wide
variety of business... essential ANY company or business as you are not
tied to any one sector.
_____________

Tippy
 
T

tippy

Will you do lots of humanitarian-type things that change the world as an
accountant? No

Well-- maybe. If one moves into performance auditing (accounting
training is often a requirement), you may get the opportunity to
comment on many situations affecting vulnerable segments of our
society. Such audits may address safety, fire hazards, etc. with
regard to the homeless, children in the physical or legal custody of
local governments, the elderly, the mentally retarded, or those with
mental health challenges. On one audit you might discover savings of
$27 million dealing with pension plans or no dollars dealing with
foster care or the effectiveness and efficiency of the HIV program.

Frankly, accounting opens the door to a number of accounting-related
fields, but not necessarily strictly accounting jobs. When a person
understands accounting and learns the analytical processes (and is
able to demonstrate such ability), that person will be in demand in
many professions. Many good former auditors and accountants are
whizzes in other professions because of their training and
experiences.


_____________

Tippy
 
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W

Wayne Brasch

Harjinder said:
Hi! Iam a student doin my masters in professional accounting. I just
feel these days that I did a mistake by takin accounting as study n
later on as a profession. If u guys could help me out n plz let me kno
abt the future of accounting. N is it really worth studyin accounting
n then makin a career in it. What is the future of accounting
profession? Can we make gud money in it? What field of accouting is
the best to undergo?
If you get a good understanding of accounting, you can go into any business
and understand the inner workings of that company. With that information,
you should be able to help the management (owners) of the company make a
success of that company and make all of you lots of money. Yes, accounting
is good field to get into depending on how you apply yourself and your
knowledge.

Wayne Brasch, CPA, M. S. Taxation
 
J

J

Harjinder, you've got to follow your heart rather than your wallet.
Look at what you enjoy doing as you'll be stuck with it for the rest
of your life...

"I was an accountant...until Smirnoff changed my life"!
 
C

Christopher Browne

Centuries ago, Nostradamus foresaw when (e-mail address removed) (Harjinder) would write:
Hi! Iam a student doin my masters in professional accounting. I just
feel these days that I did a mistake by takin accounting as study n
later on as a profession. If u guys could help me out n plz let me kno
abt the future of accounting. N is it really worth studyin accounting
n then makin a career in it. What is the future of accounting
profession? Can we make gud money in it? What field of accouting is
the best to undergo?
Unfortunately, professional accounting is an area in which attention
to detail is _exceedingly_ important.

I don't know if the misspellings in your posting come from:
a) Laziness,
b) Inadequate understanding of the language you are posting in,
c) Disinterest/disrespect.

If any of the three are true, then that bodes poorly for a student
that is working on a _second_ degree in the area.
--
If this was helpful, <http://svcs.affero.net/rm.php?r=cbbrowne> rate me
http://cbbrowne.com/info/unix.html
"Just because the code is intended to cause flaming death is no reason
to get sloppy and leave off the casts." - Tim Smith, regarding sample
(F0 0F C7 C8) Pentium Death code on comp.os.linux.advocacy
 
D

Des Perado

Accounting is too dry and boring for many people, myself included, but
it is a good base for a career in many aspects of business.
Des
 
W

william reid

Des Perado said:
Accounting is too dry and boring for many people, myself included, but
it is a good base for a career in many aspects of business.
Des
I am going to do business information technology with accounts this is the way ahead
 
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M

me6

I am going to do business information technology with accounts this is the way ahead

Please explain
 
R

Rick

Arnold,
Don't forget that those who actively participate in a news group are
only a sample of the larger group who read the group. As one of
those lurkers - thanks for your comments, they were very insiteful.
Rick
 
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A

Arnold

Rick,

Thanks!

My offer for affordable accounting software was treated like some kind
of scam. I should have realized this newsgroup has an extended
readership of professionals (not just whiners) because we have been
receiving a number of inquiries about the offer. In fact, we even
received requests from three CPA firms interested in becoming resellers
after they reviewed the software. Also, as a result of the harsh
criticism we received on our pricing, we raised the price from $25 to
$39.95 for our low-end package when it is rolls out in the retail market
next month.

Thanks again,

Arnold
 
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