Spotlight on Majors – Accounting
Accounting
Business is one of the most popular areas of study for undergraduates in both the U.S. and Canada, and accounting is one of the most in-demand specializations within business. Some universities offer accounting through a School of Business, while others include it as a major in their arts or commerce programs.
So why do so many students choose accounting? Accounting is often called “the language of business” because it involves tracking, analyzing, and interpreting financial information. Accountants prepare and review financial statements, help organizations pay taxes correctly, and advise leaders on making smart financial decisions. Their work ensures that public records are accurate, businesses are run efficiently, and laws are followed.
Many business leaders, including CEOs and CFOs, started their careers in accounting. This background gives them strong skills in problem-solving, communication, and decision-making.
What You Study in Accounting
Introductory courses usually cover:
- Economics and finance
- Business law
- Marketing
- Information systems and data analysis
- Organizational management
More advanced courses can include:
- Financial statement analysis
- Tax planning and preparation
- Internal auditing and fraud investigation
- Risk assessment
- E-commerce and business ethics
Strong writing, speaking, and critical thinking skills are just as important as math ability. Courses in history, languages, or communication can give you an advantage, especially in international business settings.
Professional Pathways
In the U.S., students often pursue the Certified Public Accountant (CPA) designation. In Canada, the equivalent is the Chartered Professional Accountant (CPA) designation. Both require completing additional education, practical experience, and licensing exams. Some universities now offer five-year combined programs that lead to both a bachelor’s and a master’s degree in accounting, designed to meet CPA requirements.
When researching programs, ask:
- Does the university offer a pathway to the CPA designation?
- Are co-op or internship opportunities available?
- Is the program focused more on theory or on applied, hands-on skills?
Career Paths for Accounting Majors
Accounting can lead to many different careers, including:
- Accountant or CPA
- Forensic accountant
- Auditor
- Financial analyst
Management accountant - Cost estimator
- Financial advisor
- Environmental accountant
- Statistician
- Tax attorney or tax specialist
Anti-money laundering officer - Actuary
- Government or regulatory roles (for example, with the IRS in the U.S. or the CRA in Canada)
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