Accounting is a career that has survived economic and social changes along with major technological shifts. Essentially, as an accountant, you take charge of financial record keeping, which is a function that starts from gathering data, recording and reporting it based on sound accounting principles. It is a complex field with application of these principles varying from one sector to the next. As such, it is crucial for aspiring accountants to be well-versed in foundational knowledge and build up practical experience when the opportunity arises.
Accounting is a Lifelong Career
An accountant is required for all businesses regardless of size or industry. Accountants will also find a place in the non-profit sector and in federal, state and municipal jobs. For as long as people are making money from whatever enterprise they are a part of, they will need a capable person to manage their money, generate reports and comply with tax regulations.
Classroom Learning Counts
Training is very important for accountants regardless of which industry or field of specialization you wish to join after getting your degree. Given that the field of accountancy operates based on established principles and generally accepted guidelines that are written to comply with legal aspects, mastering the basic principles is crucial to a successful career.
Your progress as a business student with this major will be measured in terms of how well you comprehend these principles and how easily you can understand real-life applications of these principles. This is a very detail-oriented and rather rigid field of study. As such, it benefits students in a small class size setting especially when it comes to advance courses in accountancy.
Low Student-Teacher Ratio Means Better Interaction
With a small class size, you stand a better chance of getting your questions answered thoroughly whether it is from the teaching team or your fellow students. Interactions among students and between teacher and student tend to be richer with more opportunities for a productive outcome.
Peers are More Helpful
In a small class-size setting, students are forced to interface with each other. This leads to exposure to people from different backgrounds with differing opinions, which is fertile ground for discussing business ethics and the roles that accountants play in questionable or controversial transactions. It makes for lively discussions, which is a skill that you should hone because you will be making a lot of presentations to different audiences as an accountant.
The Faculty is More Supportive
Students in a small class size environment tend to get more attention from the faculty. There is less pressure on the faculty with fewer students to deal with, leaving them with more time and energy to mentor or coach, which directly benefits students that are passionate about their career track in this field.
More Comprehensive Course Work
There may be uniformity when it comes to principles of management and accountancy, but not all curricula are structured the same. With a smaller student body, classroom management is more efficient, creating more time for more comprehensive discussions of key topics and skills. More efficient scheduling of course work expands opportunities for exploring topics in depth or even introducing other topics.
In smaller classes, you can expect a richer experience as a student of accountancy. This field being knowledge-based, a learning environment that caters to in-depth instruction while supporting practical learning will certainly help launch your career as an accountant.