Accounting is among the oldest trades, with the oldest accounting documents discovered in the ruins of Mesopotamia over 7,000 years ago.
It’s no surprise that this profession remains respected to date, with good reasons. Accountants contribute significantly to ordinary life. From crunching the numbers in large and small businesses to playing a role in government and non-profit organizations, virtually all institutions require an accountant.
If you have been considering settling for accounting, here are six reasons why you should.
1. For Your Finances
Adults have complex finances to manage. This ranges from family budgets, mortgages, college fees, savings, investments, and on.
While it’s still possible to manage these without being an accountant, some accounting literacy skills can help make all these much easier.
In matters of savings and investments, you will be able to track your assets and make important calls on yields, ROI, and other vital indicators.
2. Job Demand
Some jobs are only required in specific fields and industries; accounting is needed for all institutions.
Regardless of its operation industry, each business requires someone to do the bookkeeping and run the numbers. This is the only way for a company to know what its financial position is.
The metrics derived from accounting are also what inform more significant decisions to be made by the business. Accountants work closely with finance managers, who work closely with management to make decisions that steer companies towards the right path.
3. It Supports Entrepreneurship
If you ever think about going into business in the future, accounting will come in handy to actualize that dream.
Successful entrepreneurs require a lot of skills, including marketing, communication, and, yes, accounting. In the initial stages of your business, where money will be scarce, doing your business accounts will save you money and allow you to run things the correct way.
You can also start your business within the accounting field. Small businesses today hire part-time bookkeepers, tax accountants, and so on a consultancy basis. This is yet another thing you can look into with accounting credentials.
4. You Get Study Support
Students often shy away from taking accounting courses because of their perceived difficulty level.
It’s true that accounting is math-based and does require a lot of hard work and commitment; this does not necessarily make it difficult, however.
Similarly, once you enroll in your classes, you will find great help at every turn. Course instructors are always at hand to help struggling students. Forming study groups also give you more resources to help you through.
If you get overwhelmed, an accounting homework doer can help take some work off your shoulders.
5. High Seasons
The accounting profession has seasons where you can potentially make a lot of money.
Even when employed, you can take advantage of the tax season to do company and individual taxes on behalf of others for a fee. You can do this in the evening and weekend a can make a handsome amount from it.
6. You Can Work Anywhere
The principles of accounting are the same regardless of where you are in the world.
With an ACCA qualification, you can work almost anywhere in the world comfortably.
This means two things.
The first is that you can live in numerous different countries of choice should you choose to do so without giving up your career.
The second is that the more countries you can work in, the more job prospects you have. An in-demand career is always crucial because it means you are rarely ever out of work. This stability is considered extremely important the world over.