Accounting education describes the process of giving systematic instruction to enlighten the accounting students. It is giving the instructions deemed necessary for potential accountants to acquire in order to gain their professional qualifications. The aim of Accounting Education as a course is to help students learn how professional accounting instructors/teachers become.
Scope of Accounting Education
Accounting as a profession originated from the need to have in place a system of recording financial transactions. In the past, man had employed accounting according to his needs to enumerate and control assets, as a reporting device of stewardship, tax-gathering and as evidence of trade, for the control of production, or the management of business.
Education is the process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs and habits. Educational methods include storytelling, discussion, teaching, training, and directed research. Education frequently takes place under the guidance of educators, but learners may also educate themselves.
Skills and Competence that You Need to Succeed in Accounting Education
To excel in Accounting Education you need to acquire some vital skills. Accounting entails more than taking and keeping records. It requires the ability
to be a strong reader, clear and concise writer and so much more. Here are some of the skills you‟ll need to succeed as an Accounting student;
- Organization: Accountants are important people. They manage a lot of responsibility, which means that they generally stay pretty busy.
- Time management: Good time-management skills go hand-in-hand with strong organizational capabilities.
- Adaptability: Adaptable individuals are more likely to learn and grow in their careers and provide better services to their clients.
- Proactiveness: Ability to create or control a situation rather than just responding is a big plus.
- Communication: Being able to communicate well in writing and in person will help you to get a job, work as a team with your colleagues, interact with clients and, with time, advance professionally.
- Honesty / Integrity: Openness, Honesty and integrity are highly valued in the accounting world.
- Leadership: Being a good leader means knowing how to mentor and teach, and making yourself approachable and available to the people you‟re responsible for. In accounting, leadership skills also include strategic thinking and long-term planning. Many accountants provide consulting services, which means that they offer advice and business solutions to help companies improve their operations, so the ability to look ahead is key.
- Information Technology: Accounting jobs often require knowledge of a variety of computer programs and systems. For example, an accountant might need to use finance-related software systems (like SAGEONE, QuickBooks).
Career Opportunities for Accounting Education Graduates
As a graduate of Accounting Education, You will mostly have opportunities in teaching jobs in academic and research institutes, universities and colleges.These are other careers in accounting:
- Accounting Officer: It is an accounts officer‟s responsibility to take care of a particular firm or company‟s finances.
- Auditor: An auditor is an official whose job it is to carefully check the accuracy of business records.
- Procurement Officer / Manager: They perform market research to identify suppliers best practice and capabilities, develop evaluation plans and look after complex contracts.
- Chief Financial Officer: Responsible for keeping an organisation financially healthy. This means analysing data, presenting reports and creating strategies for success
- Forensic Accountant: The detectives of the finance world. They track and analyse data to find missing funds, trace illegal business activities and identify fraud.
- Counter-Terrorism Financial Investigator: Works with the police on financial matters relating to persons of interest in ongoing investigations.
- Environmental Accountant: Takes a „green‟ approach to making money and finds ways to ensure a company is environmentally responsible and profitable.
- International accounting specialist: Part of a network of professionals helping manage cross-border transactions, global trade agreements and overseas investments.
- Accounting risk analyst: Risk analysts identify any strategic and operational risks.
- Accounting Clerk: An accounting clerk produces and maintains financial records for a company.
- Controller: A controller (sometimes called a “comptroller”) is responsible for accounting activities for a particular company. He or she might prepare financial statements and budgets, process data, and prepare taxes.
- Financial Analyst: A financial analyst evaluates businesses and projects to see if an entity is a good candidate to invest in.