Emily Oceguera Chavez
Also, good accountants are always in high demand. Every business needs good accountants.
Lindsey Malzahn, CPA, CIA, CISA
Accountants typically have skill sets that are recognized and sought after. This can create many diverse opportunities.
Finance takes a look at business at a more macro level (valuations, capital markets, etc.), and accounting looks more closely at the flow of transactions through a specific business. I found both topics incredibly interesting, so I decided to double-major.
I currently work in public accounting, but having skill sets in accounting can translate to many different career paths; the same goes for finance. At the end of the day, you want to find something that you find interesting and translates into a career you want for yourself. Best of luck in college and your career path!
Accounting skills are sought across a broad range of careers and industries (from accounting and auditing, to banking, consulting and advisory). Employers typically seek finance roles with certain minimum qualifications/skill sets in mind and an accounting degree and related qualification (e.g. CA(SA) in South Africa where you are from) are very common job criteria.
Further, accounting is internationally recognized and with harmonization of standards across countries being (fairly) close, it can potentially offer a career with travel opportunities.
If you have an interest in accounting but are unsure when it comes to competing study interests/passions, it can be a great complementary study path (e.g. combined with technology) if you are able to manage your time.
Good luck with your choice.
As others have said, accounting is a good foundation to have for any career you decide to pursue. Learning the basics in accounting will help you not only in your career but in your personal life. Learning things like budgeting will help you throughout your life. Professionals can leverage their accounting knowledge in almost any Career they pursue. Accounting is so versatile and there are job opportunities all over the world.
My advice is to look into the different jobs available and make sure that some of them might interest you in the future. These could include public accounting, tax, audit, internal accounting for companies in any industry, forensic accounting, financial analyst/planner, consulting, and so many more. Additionally, be sure your accounting courses make sense to you overall. While classes do not often represent what a career in the field might look like, it is helpful to know if the overall subject and methods of thinking make sense to you or not. Overall if you have interest in accounting careers and you feel comfortable in accounting courses overall, I think it would be an excellent choice.
1. Public Accounting (Auditor, Tax Advisor, Advisory). Companies that provides these kinds of services includes PwC, EY, Deloitte, and KPMG (and many more!). In this field, you provide accounting services to clients in a variety of industries. You normally work with multiple clients at a time. You can either audit their financial statement, help them prepare their tax returns, or give accounting advice on special events like mergers and acquisitions.
2. Financial Planning & Analysis (aka FP&A). In this kind of role you will monitor the company's financial performance, build budget for the next fiscal period, and also assist the accounting department in writing financial statements.
3. Accounting Department. This is what everyone think of accounting when they hear the word. You will be bookkeeping for the company and preparing financial statements.
Keep in mind, these are not the only career paths that you could go into with a degree in accounting. Many business roles prefer people with an accounting background because it is the backbone of business. If you do decide to pursue a degree in accounting, you might also want to look into CPA licensing as it will provide you with more credibility during a career search. Hope this was helpful!
I hope this helps and good luck!