Accounting Across The Organization

How Will Accounting Help Me?

        One question that students frequently ask is, " How will the study of accounting help me? " It should help you a great deal, because a working knowledge of accounting is used in other carees include :

        General Management :  Imagine running Ford Motors, Massachusetts General Hospital, Northem Virginia Community College, a McDonald's franchise, a Trek bike shop . All general managers need to understand where the enterprise's cash comes from and where it goes in order to make wise business decisions.

        Marketing : A marketing specialist at a company like Procter & Gamble develops strategies to help the sales force be successful. But making a sale is meaningless unless it is a profitable sale. Marketing people must be sensitive to costs and benefits, which accounting helps them quantity and understand.

        Finance : Do you want to be a banker of America, an investment analyst fo Goldman Sachs, a stock broker for Merill Lynch? These fields rely heavily on accounting. In all of them you will regularly examine and analyze financial statements. In fact, it is difficult to get a good finance job without two or three courses in accounting.

        Real estate : Are you interested in being a real estate broker for Prudential Real Estate? Because a third party-the bank -is almost always involved in financing a real estate transaction, brokers must understand the numbers involved : Can the buyer afford to make the payments to the bank? Does the cash flow from an industrial property justify the  purchase price? What are the tax benefits of the purchase?

How might accounting help you?

Accounting Across the Organization stories demonstrate applications in various business functions.

Post By : Rony Sutiyanto