Why study accounting? | W. P. Carey School of Business (2024)

FAQs

Why would you choose to study accounting? ›

Accounting allows you to develop skills such as leadership and strategic-thinking, valuable skills when it comes to working in the world of business and finance. They allow you to guide organisations with their financial decision-making and can also influence business growth.

From diverse opportunities across many different industries to a stable job market, here are five compelling reasons an accounting major might be right for you. Versatility and Diverse Opportunities: Accounting isn't just about crunching numbers – it's a multifaceted field that opens the door to various career paths.

Carey School is home to 29 departments ranked top 30 by U.S. News — this is truly where access meets excellence. With connections to proud alumni and partnerships with institutions in countries on six continents, the impact of W. P. Carey extends into every corner of the world.

I decided to major in accounting because of my logical thinking: I am going to college because I want to have a job, companies will always need people to handle their finances and will pay good money for someone to do so, so I am pursuing a major in a field that is in high demand and will most likely be in high demand ...

"I've always been captivated by numbers and the precision that surrounds them. Accounting allows me to work in a realm where every detail matters, and I find that incredibly fulfilling. As an accountant, I can organize complex financial data and aid companies in making well-informed decisions."

I chose a career in accounting and finance because I have always been fascinated by the way financial decisions impact a company's performance and strategy. My natural aptitude for numbers and detail-oriented analysis, combined with my interest in business operations, drew me towards this field.

For instance, you might explain that your skill development makes the challenges and analysis of financial data interesting and exciting. You might also describe specific challenges that required you to rely on a specific skill like applying mathematical formulas to help solve a problem.

Students who study accounting learn the fundamentals of accounting principles, auditing procedures, and taxation laws. Beyond earning a degree in accounting, a bachelor of science in finance can also be advantageous as students gain foundational knowledge in both accounting and finance.

At Johns Hopkins Carey Business School, we have the specialized knowledge and skills to lead the next generation of business of health, health care, telehealth, supply chain management, and so much more.

What is the acceptance rate for ASU Carey School of Business? ›

When searched up online, the WP Carey acceptance rate is only 32%. Why is it so low, despite the fact that ASU in general is relatively easy to be admitted to?

W. P. Carey School of Business is one of the top universities in Tempe, United States. It is ranked #25 in World University Rankings - Masters in Supply Chain Management 2024.

Accounting is the key tool business professionals use to understand and communicate business phenomena. When you learn accounting, you unlock the ability to understand businesses, produce and act on useful information, and lead organizations toward financial success.

Remember, Every Business Needs Accounting

With so many paths, specializations, and industries to choose from, there really is something for everyone. On top of all that, accounting offers great work-life balance and job security that can't be beat.

Managing money and assets is an integral aspect of running a company or monitoring personal finance, which is why accountants can work for virtually any business in any industry. This is a profession that will always be in demand because there will always be a need for astute and qualified accountants.

Since companies rely on accountants to compile financial records, pay bills and send invoices, this field has remained stable over the years. You can likely enjoy job security throughout your career path, from starting as a clerk to moving into management roles.

“I chose accounting as a career because it allows me to combine my passion for helping people with my analytical skills. I believe that by providing accurate financial information and insights, I can contribute to a team making informed decisions, ultimately aiding them in achieving our goals.

The purpose of accounting is to accumulate and report on financial information about the performance, financial position, and cash flows of a business. This information is then used to reach decisions about how to manage the business, or invest in it, or lend money to it.