Why Accounting Is The ONLY Business Major That’s Worth it!!! 

Idk what school your from but every lesson in accounting already has utility and in no way should the professor even need to tell you the common sense on what we are learning. Your topic for today is mortgage, employee benefits? Bonds? ? The utility explanation of it doesn't need to be spoon fed. It's legit self explanatory. Imagine wasting 1 hour talking about how the accounts receivable account works and why it's important

@@lordlopikong6940 I’m glad you were born with an exhaustive knowledge of the practical applications of accounting but the rest of us plebs unfortunately were not. As a university lecturer your job is not just regurgitating information from textbooks, your jobs is to convey complex topics from text books I.e. what are DTLs and DTAs, in simple and easy to understand BUT ALSO TO INSPIRE YOUR CLASS TO WANT TO LEARN by teaching your students how what they learn can be applied. How arrogant to think your job finishes at telling the students what the information is.

@@lordlopikong6940 exactly lol

Accounting is often overlooked as a crucial aspect of running a business, but it is actually the foundation that keeps everything in order. Whether you are an individual or business investor, accounting, economics, and finance are all closely related and accountants have the expertise to understand the bigger picture of a business from an investment perspective. They play a vital role in evaluating market segments, helping clients save money on taxes, and determining the best location for a business. It is unfortunate that many people with an accounting degree are unaware of the diverse opportunities it offers, such as working in criminology or the FBI. Personally, I have a business mindset and my mother, a small business owner, has inspired me to pursue accounting to combine my entrepreneurial dreams with understanding the dynamics of money. A lack of proper accounting practices is a significant factor in the failure of many ( 99%) businesses. This also applies to personal finances, as our spending habits and financial decisions are influenced by accounting principles. From major purchases like buying a car to small expenses like paying overdraft fees, understanding accounting helps us make informed choices. As someone studying accounting, I am grateful for the financial literacy it brings. Now, I question every dollar I spend to ensure it is a wise investment.

They actually do teach this, but only after you take up the course and then they break it down for you. Before tht you would probably have no idea unless you took accounting in high school

I have also heard that as well.

I'm an accountant. It's true!!!

the probability of an accountant being a good economist is greater than that of an economist being a good accountant

Accounting is a hard skill that allows you to understand how business performance and business’ financial positions are calculated. Finance also teaches formulas to calculate this but the inputs it uses come from accounting. At the end of the day, theory taught in finance and economics is great for knowing how the world works, but accounting will teach you the hard skills to do the day to day jobs that financial institutions will want you to do.

That is why I chose accounting. My friend studied accounting and she is working as business analyst. She was an accountant before and she got MBA after all. I am doing the same then get certification in Supply chain management of

That sounds horrible to me

@@jlhistorySpoken like a extrovert person. I’m an introverted so this is perfect fit for me!

@@jlhistory actually in accounts we deal with clients alot cus you are the one pays suppliers and so you will get to talk to people alot.

not stupid customers clients are much better

The guy said pizzazz lol

Idk. Its harder to find job with economic degree than accounting degree.

Agree, I also have both and the econ degree was more enjoyable, but didn't land me a job whereas accounting did.

@@jep05f accounting got me jobs in small organizations but the economics degree landed me jobs in the biggest NGOs in the country and Africa at large so economics played a huge impact while accounting gave me the opening entry jobs

Can I major in economics and minor in accounting then?

@@myvibe6783 yes you can , infact the combination of accounts and economics will make you very marketable to employers as you will have skill sets that are sought after by many employers. So go for it. You will land alot of job opportunities in finance and accounting, mostly in large organizations such as UN,

MIS is good.

I never found economics boring. The only book I could ever read in a single sitting and enjoy it through and through.

I'm never bored 😊

gotta ask, do you feel as though it was beneficial taking up CS too? I want to do a dual degree in Commerce/CS instead of my current busmag/communication but am unsure

@@blakecampbell6386 absolutely. The two pair together very well. I've been able automate accounting processes that usually take weeks down to just a few minutes.

Yes you are. Accounting + CS (or coding experience) is going to be super lucrative and reliable long term

Experience trumps degrees kid. Congrats on your degree, it’s a degree.

@@unc1221 except I have both experience and degrees. Don't kid yourself.

This is so true!! But in all truthfulness, if you are an accounting student you must master the material a week before your tests. That's how you pass😅

The balance sheet is not balancing😢

​@@di6297 what the hell . A week !!!! I know accountants who took years and years to complete all the professional Accounting papers ACCA/ ICAEW/ CPA

@@hamnaimran7979What even is a dividend and a financial asset

Currently in college for business and this experience is so true. Ended up going the general route rather than the accounting focus for my second semester. Originally planned to go through college, upgrade in uni, and get my CPA. First semester accounting classes killed my interest for the field so I opted to see what I get out of the non-accounting focused route.

What about private accounting?

Maybe this is true in countries not called Canada

​@@XYZOxyzis the pay bad in Canada for accounting?

@@tarukashao5691 It is well above average/median.

thats really interesting

Employers love economics majors. Just don't expect a specific job title or having multiple offers from firms chasing you down like an accounting major. Econ majors have to be flexible and adaptable to what's out there. Accounting leads to being an accountant (usually). Econ major does not lead to being an economist (unless PHD). Multinational companies, gov agencies, non-profits, NGO's hire econ majors. They are more quantitative in nature than accounting and are closer to being a history degree than accounting as well.

Don't get a degree (especially a masters degree) unless you absolutely know what you're doing and you absolutely know it's in demand.

I disagree . Economics has evolved with different specializations to choose from. Bsc in Economics and finance is very marketable

@@brightmulenga1134 Very true. It has evolved. More universities are blending data science and more are offering masters programs instead of only bachelors and Phd.

😮 between a BBA specialised in finance accounting and a full blown accounting finance major which ones better long term?

Between a BBA specialised in finance accounting and a account finance major which ones better long term?? Are u taking CPA courses

Actually economic is a good major. So idk what you’re on about 😂

Yes but you gotta find a happy medium, don’t fall into the debt traps of finding ur passion unless you know a way you’ll be able to get out of it

@@matthewtlapanco9705 you have a good point. I ike your practical and rational cognitive way of thinking

I like your Felix pfp lol !

I like your Felix pfp lol !

I like your Felix pfp lol !

way better than accounting at least.

That's almost every major in college, maybe something like trade would be better if you don't want to always be sitting down. Idk tho

What about finance ? Fintech is going to be the future

@@Cheesecake99YearsAgo Forgot about finance. It's probably at #2. You can take fintech electives as well if you major in accounting. There's videos out there as far as business majors and their rankings as far as employment prospects go.

I feel that way too. Most jobs in the business world require technical skills, licenses or certifications. Economics is lacking in those three

What if I do business admin at a community college and then transfer to a state school like UCR and then do a concentration of MIS or Finance or Accouning or Operation and Info systems or Supply Chain or Business analytics

how illiterate you are to say that you don't need to go to school to learn Marketing... Marketing is a very deep field and you need not only bachelors but masters and sometimes PhD in it.

What? Yes it is

You work in public accounting?

I got started 70k working at Big 4, but I quit after 3 years, but got picked up in a smaller firm and it was great. But I hate the public accounting life of tax season.

Intermediate Managerial Accounting and Intermediate Financial Accounting were the two hard classes in my program.

You can they share similar courses between them.

Would it help get a career in the field or just be a waste of time

@@jokerfam3331 I’m not entirely sure about transitioning to economics. However starting with Accounting then switching over finances is a smooth transition. The same can’t be said for financing then accounting.

Just get accounting, they teach all the business subjects there.

One of the best

I sense a challenge....CHALLENGE ACCEPTED!

Accounting

Lmao you can legit work in any field that you want with accounting, and it can even go into any business majors. Sure engineering and architecture is good but sales and marketing? Your just putting yourself in debt for something that will make you unemployed and an unnecessary degree.

@@lordlopikong6940 engineering is useless... Marketing is way better option than engineering even accounting.

@@lordlopikong6940 Indeed, accounting ensures a job, but the growth is excruciatingly draining and it's a low-paying career with long hours. You need character, talent, and skills before deciding to pursue sales and marketing like in real estate sales, my brother is making so much money just like that at 27yo. My sister is making 6 digit a year because programming. Unless your a workaholic, has insomnia , so short in cash, no hobby and no children well just stay in any field of accounting until your fingers get arthritis and your eyes can't read a canned food label.

Alright thanks 🙏 for the advice

​@@lordlopikong6940Between a BBA specialised in finance accounting and a account finance major which ones better??

I majored in economics and I tend to agree 😂

@@derekeano What field did you get in to after graduating?

I love economics but damn, it's so hard to get a job with this degree compared to accounting. Econ is too theoretical, it might be better only if I pair Econ with another degree like business/math/accounting.

Honestly you can work in economics with an accounting degree. That's legit what. Makes accounting too good

​@@ethanli9957stay away from math unless it's informatics or computer science leaning.

Why? Best out of all the business majors ? Can u explain more

Its a science*

​@@00Snek00 no it is a social science and has all the same pitfalls as a social science.

Financial management is more related to companies and corporate side. Banking and Finance is more about investment banking, trading, stocks etc... I'm also thinking about banking and finance but i know i will hate my career for whole life.

@@michaelly9777 yup... and if possible do double major in accounting and finance, its a perfect choice for auditing. Otherwise financial management can do the job!

@@nycto16 or you could choose a different job why go to a job if makes feel like shit. choose a job you enjoy and makes a lot of money. for me im choosing accounting because is more flexible and stable

@@ghost_nv accounting is 10x more boring than finance lol. And now I changed my mind, i'm going to major in marketing (tis is what i love the most).

@@nycto16 thats nice what matter is what you want. for me is accounting with cpa degree

math in accounting is just additon and subtraction its not that hard

​@@yenasone percentage 🗿🗿

​@@yenasoneBetween a BBA specialised in finance accounting and a account finance major which ones better??

​@@yenasoneAlso, the computer does any additional stress and then we have to focus on "ok, now what's the best course for this mess the client insists on?"

That’s much better

​@@CPATuttle What do you think is a better major, accounting or business management?

@@couragethecowardlydog1875 Accounting is a lot better. Business management is worthless

Between a BBA specialised in finance accounting and a account finance major which ones better??

That's not a business degree.

May I ask why you want to be a sex therapist?

Be an attractive female...

And do extra service? 🤑

🤡

With an accounting major 😮

Are you still unemployed

@@waniokok1921he didn’t say that 😂. So blah blah blah

Can u explain more about why those are better than accounting or what major I reccomemedn that isn’t rocket science major

AI will take over every job, but you gotta make money until then.

@@salli2883 then get into software engineering or mechanical engineering to create robotic implementations for AI. Not fucking accounting 🤣

@@satvikarora5813 yea def not 5 years for accounting, maybe it'll take over for fast food jobs but not accounting

AI is nowhere close to being able to reason. It's just becoming a more efficient tool. Everyone will have to learn to use the tool but it's not going to replace accountants or anything like that until it's an actual entity

@@satvikarora5813 mechanical engineering is so useless 🤣 and engineers will be the first to be replaced by AI. Accounting is the most prestigious degree for your info.

Economics if easier but more boring

@@ticloo3936 yeah and you're not guaranteed as high a salary as something like a CPA