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Cornell Student Articles on Topical Affairs

Demand for accountants rising in 2018

While it is one of the foundations that modern society is built on, and one of the cornerstones of traditional, education is also one of the most challenging aspects of one’s life. Those that choose to study any particular field face triumphs and tribulations on their path to academic success. Students that study maths must constantly be confronted with difficult, often frustrating equations. Science students must balance bands on experience and in-depth theory. Writers are pushed consistently out of their comfort zone to the point of near breakage. Mechanics are entrusted to keep the machines that keep us safely driving functioning and safe. Students studying accounting and numbers must spend grueling hours poring over CPA study materialsto pass their exams. It does not matter which career path a student plans to pursue – education can be a challenging time in an individual’s life. For some students, education is a massive part of their life, and for others it is but a time-consuming environment in which they do not flourish to their full potential – school just is not for everything. There is no shame in it…different people bloom under different circumstances and in different environments. For those that do opt to further their education past high school, there is the overwhelming responsibility of choosing which field they want to pursue. One of the fields that is most underrated is accounting and finance.

There is a definitive gap between what students actually learn, and what future employers require in their staff. Institutions that offer accounting and finance courses should focus not only the theory, but the practice that backs that theory up. When giving students the opportunity to have access to experiences as well as the theory that is taught in classrooms, schools give them the chance to think on their feet, adding another dimension to their course experience. Schools that offer courses in accounting and finance unfortunately sometimes find that their curriculum does not cover enough of the intricacies of how accounting and finance work cohesively (and alone) within an organisation.

The gap in educating students about the ins and outs of accounting and finance extends beyond the expected, unfortunately. As students go through the motions and the examinations to get to the end of their studies, they develop fine skills in the typical areas, but sometimes lack the understanding that accounting has many changing faces. For example, management accounting in the manufacturing industry relies on the individual to have a firm grasp on not only the basics of accounting and financial practices, but engineering, IT, operations, and productions. There is a definite need for accountants in business of all sizes, and it is a need that is only growing stronger as the word moves on.

The sole value of education lies not in the courses themselves – employers generally do not care much to know which courses one took during their education. What is more important is the measure of one’s collective knowledge during their studies and their way of carrying themselves professionally. An individual’s education expands overseveral facets, meaning that there are concepts and tools woven into the courses that every kind of student can relate to and learn the most from. Realistically, each student will have strengths and downfalls. The fact that education combines multiple facets of learning, teaching, theory, and experience, means that students that do better in examinations than in the field initially, have the chance to work on their weaknesses, and vice versa. This concept of learning being an extensive extension of one’s mentality branches out particularly when schools offer their students the opportunity to experience the field for themselves as they study (this could be anything from job shadowing and networking events, to tradeshows and apprenticeships. Students generally love to be challenged, and accounting students often find that they have an extraordinary ability to meet challenges head on and beat them – a trait that comes in handy once they graduate and begin their careers in the industry.

Education can be a trying time for any individual. With so many fields and courses readily available, it can be difficult to know which program to commit to. There is value in every field and course available, but some courses are underrated in their potential and their entirety. Accounting and finance are one of the most underrated available courses out there. There is a lot to be said about accounting itself, what it can offer, and where it can lead an individual professionally. The most important thing, however, is that accountants are in demand – now more than ever. As companies of all sizes grapple with the typical struggles and the unexpected quarrels that running a business comes with, having an accountant to handle the numbers and some of the more intricate issues can mean the difference between a seamless operation and a badly-run machine. Accountants are one of the most underappreciated career fields there is, but as time goes on, it is becoming more and more apparent that having an accountant on board a business idea is not only advisable, but highly encouraged at best, and vitally important at worst.

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