Nowshad Hossain

Prof. Jason W. Ellis

English Composition 1

Accounting and My Future!

 

My name is Nowshad Hossain and I am a student majoring in Accounting (AAS) at the New York City College of Technology in the Department of Business, in the School of Professional Studies. I am certain that being an Accountant would be the best career choice for me, because there is a high demand for accountants, accounting is a good path to a successful and stable business career, and accounting provides a variety of opportunities. In this essay, I will provide some background about my major, will explain my reasons for choosing this major, and how I plan to excel in my major and future career.

Before I explain my reasons for wanting to become an accountant, I would like to provide some background of the accounting field. I have started my major research in my junior year of high school. By the time I started my senior year, I was convinced that accounting would be the right career choice for me. I am a pro in basic mathematics, accounting to me seemed like a carrier where I would be able apply my mathematic knowledge in real life. Let me explain what is Accounting/ Background of Accounting: According to the Merriam Webster dictionary,” Accounting is the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results”.(Par.2). Accounting professionals are extremely important in almost all functions of business and government. Accountants and bookkeepers prepare and maintain financial records. Which requires heavy amount of discipline/organization skills. If practicing mathematics have taught me anything that would be discipline. Solving a math a problem requires you to be organized. You have to do everything step by step. You can’t afford to miss a single step. If you do so you wouldn’t get the correct answer. Being an accountant also means that you must work on financial statements. Such as: Balance sheets, Cash flow statements, Income statements. To create these statements, an accountant needs basic math knowledge from Algebra1 and 2. An accountant also make sure that financial records are accurate and prepared correctly. Additionally, they also make sure that tax reports are prepared correctly and paid when they are due. Accounting is the backbone of businesses as this is the only way of knowing what is the budget for the year and the cost-profit.

One of the reason why I have decided to become an accountant is they are in high demand.  As long as businesses exist, accountants will be in demand. According Bureau of Labor Statistic’s Occupational Outlook Handbook, “2012 Median Pay for an accountant was $63,550 per year or $30.55 per hour”-(Bureau of Labor Statistics Par.1) .Well to be frank money played a great role for my carrier choice. Beside the money there is, employment growth of accountants and auditors is expected. According to Jeremy Stein, “Despite fluctuating with the economy, accountants can look forward to a stable career”(Stein1).  Bureau Of Labor Statics: Occupational outlook hand book also states,  “Employment of accountants and auditors is projected to grow 13 percent from 2012 to 2022, about as fast as the average for all occupations … As the economy will grow, these workers (Accountants) will continue to be needed to prepare and examine financial records “( Bureau of Labor Statistics Par.6). Additionally, accounting positions can be relatively high security. Not only do accountants have the potential to earn a generous salary, but full-time accountants have also been known to receive great pensions, healthcare, vacation time and other benefits.

Considering the background that an accountant needs and the exciting possibilities for someone pursuing a business career in accounting, I will explain my personal reasons for wanting to become an accountant. As I have mentioned that I started my major research in my junior year of high school. I have always wanted a job in business field but I didn’t have any specific job in my mind. I also wanted my job to be stable and available. As the time started passing I knew that I had to make a decision. I started looking for different types of carrier in the business field, such as: Accounting, Communications, Finance, Management, Sales and Marketing etc. I looked for the jobs, salaries, and benefits in such fields.  A lot of them sounded good but out of them all I loved the accounting most. At that time accounting seemed like a good major because from my research I have learned that jobs in accounting field are more stable and less risky. It is a less risky major than other business-oriented majors such as sales and marketing. People from this department can get fired any time if they don’t make enough sales monthly. Jobs in accounting field are more stable than any other business field. Because as long as there is money the world would always need an accountant. Great salary, benefits, job stability, fulfillment of my passion for mathematics-All these factors helped me deciding Accounting as my carrier choice.

In this part of the essay, I would describe about my future path and how do I plan to excel it. My main goal in long run is to earn a Bachelor’s degree in Accounting and then get a job as an Account Manager. Although I will need a Bachelor’s degree to become an Account Manager but I have decided get an Associate degree first and then transfer myself to a Bachelor’s program. Because in this way I would save more money in long run. Also according to city tech college catalog, “The Accounting program equips student with accounting skills that will make them immediately employable upon graduation with the associate degree” (123). I chose to get an Associate Accounting degree at first because in this way I would graduate in 2 years and I would be able to get a full time job. I should be able to get a full time job as a Book keeper or Accounting Assistant. In case if I cannot make it to a Bachelor’s program I would still get a good job. But of course I would definitely transfer myself to a Bachelor’s program.  According to City Tech College Catalog, “Graduates will also be able to transfer to accounting programs at other senior colleges within The City University of New York “( 123). So I should be able transfer very easily. I like the way accounting is providing me with all this opportunities. I am shooting for the moon even if I don’t make it I know that I’ll land among the stars!

William Wilberforce tells us, “Life as we know it, with all its ups and downs, will soon be over. We all will give an accounting to God of how we have lived.”-( Wilberforce Par.2) . Accounting is not just a job! It’s not just Debit v. Credit. It is the balance of a life! It is the balance of a Business’s life.  In conclusion I would like to say accounting is the path which I chose  to walk on . I have chosen this major it would let me follow my passion for mathematics and would give me major benefits such as: good salary and job stability.  I want to excel at my carrier by working really hard. In the next ten years, my goal is to work for a business firm as an account manager. Well that is the plan so far!

 

 

Works Cited

“Accounting.” Merriam-Webster.com.” Merriam-Webster, 2010.Web. 2 Nov 2015

Dorsey, Andy. “Top 5 Reasons to Earn Your Associate Degree (Even If You Want to Transfer).” Front Range Community College Blog. N.p., 04 Feb. 2013. Web. 02 Nov. 2015.

 

New York : New York City College Of Technology catalog 2015-16(City Tech),New York City College of Technology, 2015. Pdf

 

Stein, Jeremy. “9 Must-Know Pros & Cons of an Accounting Career.” 9 Must-Know Pros & Cons of an Accounting Career. N.p., n.d. Web. 06 Nov. 2015.

 

Stein, Jeremy. “Jeremy Stein Leans against the Wind.” The Economist. The Economist Newspaper, 07 Feb. 2013. Web. 03 Nov. 2015.

 

Tan, Kim B., Campbell  Annhenrie ,Freddie Choo, and  David H. Lindsay . “Accounting Student Characteristics From 2005–2010 Archival Transcript Data.” Research Article  Mar/Apr. 2013: EBSCO. Web. 23 October 2015

 

United States department of labor bureau of labor statics.”Accounting” Occupational outlook hand book. Washington: Bureau of Labor statics, (8 January)-web 19 Oct. 2015

 

Wilberforce, William. “William Wilberforce Quote.” BrainyQuote. Xplore, n.d. Web. 03 Nov. 2015.