understanding insurance company financial statements
When you ask high school seniors what they want to be, many of them replied: "I want to work in the business." But what is the business? In college, many business programs are divided into marketing, management, finance, economics and accounting. It is certainly difficult for high school students, not know the difference between big companies decide what major to enter. As a business student at West Chester University of Pennsylvania, who was also sure the main focus, I know the confusion that comes with the collection of big business. After conducting an external investigation, shading someone in the field and took two years of classes, it is clear that accounting is the key to understanding business and become a business student success. As a result, I encourage students who are unsure of which major to apply to study accounting as a primary.
First I will then discuss exactly what accounting is and dispel some of the rumors. The most common answer when you encourage someone to major in accounting is that the individual is not good at math. However, accounts of mathematics is not related to the core. The highest level of mathematics used in the accounts is the multiplication and division. Accounting, in short, is organization. It is the logical representation of a finance company. It allows the company to review its success and for outside investors to make decisions as to which company to invest in. Indeed, the accounting is the language of business and explains many of the nuances in the stock market and why a company is successful and another not. In short, accounting skills are important for next employer. Accounting can be divided into financial accounting and cost accounting. In simple terms, financial accountants create financial statements of a publicly traded company, so which may be reviewed by investors. Moreover, management accountants face the problems of internal control and ensure that a company is profitable. Many want to work financial accounts of the Big Four Auditors. The Big Four are PricewaterhouseCoopers, KPMG, Dilute Touche and Ernst Young. Undoubtedly, these companies offer a reputable and experienced employees a great job. However, for the work of a public accounting firm as the big four, one must obtain a CPA (Certified Public Accountant), by adopting a series of tests after college. However, with an accountant, a student can open many doors of opportunity.
With a career accounting, a student has the opportunity to work in different lines of business. For example, I treat the shadow of Rita's ice water. The controller is responsible for the meters and I was fortunate to spend a day observing their daily work. It was this day that encouraged me to become an accounting. While the driver Rita's Water ICE is responsible for the creation of financial statements of the company and to ensure internal controls, this line of work that offers a creative environment focused a great product. In addition, a cost accountant is a key component of any organization, since they are the go-to "person for many financial decisions. Interest no matter what the accounts might be the key to be in a business that really matters. For example, if you like playing the guitar, you can use your accounting degree to work with Gibson Guitar Company, or if you like to watch football, can help create the financial statements for your favorite professional football team. Certainly the field of accounting offers a wide range of experiences that go beyond the simple addition of numbers.
While accounting offers many great experiences, but also pays well. According scholarships.com, accounting is the 6th highest paid college major. Without doubt, the average salary of an individual with a accounting degree varies, but there are reports that the average audit manager earns $ 105,387 a year, while the average cost accounting manager earns 91,103 per year. From a financial perspective, accounting is a great opportunity for a college graduate to start earning an adequate income.
As can be seen, accounting offers many opportunities for potential business student. First, it provides the language and basic business concepts and help a student business to understand the functioning of the economy as a whole. It offers different routes to professional success. Although the Four public accounting Large accounts, offers an experience of great prestige, and cost accounting allows us to observe the internal controls of a company and be the go to person for financial advice in a company. While accounting is a career that pays well, offers many opportunities for advancement. For these reasons, it makes it clear as to what the majors to choose from.
About the Author:
I am a sophmore Accounting student at West Chester University of Pennsylvania.
Article Source: ArticlesBase.com – The Key to Success as a Business Major
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