201805.26
0
0

Business Management or Accounting

I’m a grade 12 student and I’m very confused as to which field I should enter into: Business Management or Accounting.
Can you please tell me something about the scopes of these two fields and which one is better?
Can you also brief me about new and different careers we can pursue in these fields which has more scope? Something other than ACCA or BBA or BCom
 
study business abroad
 
Choosing the right course depends not only upon which career you eventually want to pursue but also upon your skill sets and abilities. In terms of career, a degree in Business Management will help you land up a job Sales or Operations Manager whilst a degree in accounting would help you become Tax or Cost Accountant. People working in accounting are concerned with tracking and reporting financial transactions of a business and the work content is primarily quantitative unlike a Business Manager who will use this data to attempt to identify and plug areas of weakness.
 
In accounting selecting the core courses is critical as their selection will provide students the necessary skill sets required to find a job on graduation. These would include financial accounting managerial accounting audit and tax. In addition to the core subjects, students will be required to study Math’s, Economics and Business.
 
Today advancements in technology are proving to be a major disrupter across industries resulting in obliterating some job functions, modifying the content and approach of other jobs and finally creating opportunities in areas which were non-existent earlier. In future, we would expect accounting jobs to become analytical and consultative in nature while the traditional role of recording financial transactions would become automated. Simply put, figures will be provided by the advanced technology, but its interpretation, analysis of the data are some of the functions that the accountant would be required to do. For instance auditing of a company would be aided by automation, but analyzing the balance sheet and coming up with answers would be expected from accountants. The trend in automation will soon manifest itself in the revised curriculum being taught in Universities.
 
Understanding, interpreting and applying the big data is one of the key areas of business management; be it any subject. Given the dynamic work scenario in the future, it is quite an exciting field and covers a large spectrum spanning areas of HR, Administration to Finance, and Marketing. Business and management degrees focus on how organizations operate – what they do, their styles of management and their business strategies. A course in management provides an overview of business practices and equips the candidate to understand functions of various departments and manage a successful enterprise. In the final years of the course, you could specialize in specific areas ranging from marketing, finance, human resource, brand management or international business.
 
It is also possible you could pursue a dual degree in accounting with business management or a degree in management with a specialization in finance. Both programs are offered by the best Universities on both sides of the Atlantic – Harvard, Stanford, University of Pennsylvania LSE, London Business School, Manchester, UCL amongst others. 
 

Our best Education Consultants meets and helps students with study Medicine abroad, study Engineering abroad, study Mechanical Engineering abroad, study Business abroad, study Architecture abroad, study Computer Science abroad, study Dentistry abroad, study Hospitality and Tourism abroad, study English Language abroad, study in affordable colleges abroad, summer programs abroad, and also assist with visa application, mentoring and profile building, essay writing, psychometric assessment etc.

#studyabroad, #studyabroadconsultants, #studyabroadprogram, 3studyabroadcourses, #studyabroadcost, #intelligentpartners, @intelligentpartners

Leave a Reply