How do you know if accounting is right for you?

<p>I've heard a lot of things about accounting and quite often people complain that its difficult and boring. I got accepted to USC Leventhal and UCSD + the middle tiers. Basically, I want to have a general idea of what I'm getting into because if I don't enjoy accounting then it would be a waste going to USC. </p>

<p>Since I don't have to options of taking some accounting courses at a CC at the moment can anyone tell me what kind of person accounting suits? What should you be good at and what kind of people enjoy it? My dad is a former CPA and he says its just easy math with a lot of tax laws, but how can I get an idea of what accounting is about before I submit my SIR? Also, not sure what it means by being good with numbers...apparently those kind of people enjoy accounting.</p>

<p>take intro to financial accounting and see how you like it</p>

<p>be good at detail, real good</p>

<p>I've been teaching intro level courses in financial and mangerial accounting for 19 years. There is often a love/hate relationship with the courses - students either love them and do well or hate them and struggle. The math is not difficult; in fact, most of the math is arithmetic and basic algebra. The key inidicators of success for my students are high level reading ability and analytical skills; i.e., are you a problem solver or not? Also, introductory accounting is no more representative of the classes taken as a junior/senior than artithmetic represents geometry or calculus. You simply get foundation skills in these disciplines to help you move forward in accounting or any other business related discipline.<br>
Even if you decide you want to move in another direction, it's likely that a strong foundation in accounting will help you. Katherine Graham, the late publisher of The Washington Post, mentions in her autobiography, Personal History, that her late husband and predecessor as publisher, Phil Graham, said that accounting classes gave him his best foundation for taking over the paper from her parents. He was a former clerk at the US Supreme Court, so likely possessed many talents!</p>

<p>I am an accounting major so I can provide you with some insights.</p>

<p>1) You just need to know basic arithmetic to do accounting. Nothing Calculus or trigonometry. Some basic calculation/ misc. includes: calculating depreciation on plant assets. Other calculations includes: bonds, interests, stockholder’s equity, liabilities, etc.</p>

<p>2) Other includes: journalizing journal entries, T-accounts, preparing income statements, balance sheets, statements of retained earnings, cash flows</p>

<p>3) However, accounting requires a ton of memorization. For example: when should you credit cash and debit Land, which depreciation method to incorporate (straight line, units-of-production, double-declining-balance, and a handful of formulas.</p>

<p>Accounting is simple as ****. For me anyways.</p>

<p>Have you taken an accounting course during high school? </p>

<p>YouTube</a> - Accounting Basics 1- Where did Accounting Come From?</p>

<p>Hehe.</p>

<p>Do you like taking 15 steps to "solve" an "answer"? Then Accounting might be right for you.</p>

<p>As an accounting major who did very well in his course work, tax lawyer, and professor of accounting , I might be able to give you some insight.</p>

<p>Yes, the math in accounting isn't as sophisticated as that found in engineering or physics. However, there is a LOT of problem solving and some of it can be fairly hard. I almost feel that I am taking a giant SAT during my life. </p>

<p>Secondly, what makes accounting hard isn't just the problem solving. Accounting is more akin to law. There is a LOT of memorization and a lot of concepts that you need to understand and, more importantly, learn to apply to life.</p>

<p>Thirdly, accounting is a research oriented major. You really need to learn where to find answers. This is particularly true for tax accountants but also applies to accountants in general. Learning to understand and find answers to generally accepted accounting principles is critical.</p>

<p>In terms of skills, you would certainly need to have strong problem solving skills. Secondly, you should be good at handling details since accounting can be very "micro" oriented. Thirdly, since there is a lot of reading and research in accounting, as with law, you need to have good critical reading skills and strong skills in critical and logical analysis.</p>

<p>In addition, although accounting isn't considered a people oriented type of job, accountants should have some decent people skills if you want to instill both trust and confidence in your clients. Good people skills also help in marketing and in arguing before the IRS in hearings.</p>

<p>Finally, you should have at least some minimum writing skills. You don't need to write like an English major, but you do need to be able to write clear memos and opinion letters to clients that are clear, concise and correctly written. No client wants to see a memo that has a number of grammatical flaws.</p>

<p>Although I do think that the upper level accounting courses are very different from the intro accounting courses, there are also some similarities. Certainly, if you like and do really well in your intro accounting course, it would be a good indicator that you probably will like and do well in the upper class courses. However, as noted, it isn't exactly the same.</p>

<p>Also, let me note that accountants do a lot of things. We not only do financial statements and audits and bookkeeping but we do tax returns, business consulting, set up internal controls, do litigation support, serve as an advocate before the IRS and some other state and federal agencies,write books ( which is what I do) and a lot more. It really is a very varied profession.</p>

<p>taxguy, Thanks for that informative overview. I'll have my son read it as he is considering which business major to pursue.</p>

<p>You could focus on the business core the first 2 years and decide a major after being exposed to accounting, finance, marketing, management.</p>