essay about accounting profession

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What Can You Do With An Accounting Degree? 10 Career Paths To Consider

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If you’re wondering what you can do with an accounting degree, rest assured it’s a valuable asset. In fact, renowned billionaire investor Warren Buffet once called accounting the language of business.

An accounting degree prepares you to speak and understand that language, whether you pursue accountancy, auditing, sales management, advising or one of the many other accounting career paths.

In this article, we overview what an accounting degree is, review various accounting concentration areas and explore ten jobs you can get with an accounting degree.

DOI: 10.1080/07366981.2024.2388412
Corpus ID: 271984832

Adapting to AI: exploring the implications of AI integration in shaping the accounting and auditing profession for developing economies

Sampson Anomah , Boadu Ayeboafo , +1 author Maurice Aduamoah
Published in EDPACS: The EDP Audit… 15 August 2024
Business, Computer Science, Economics

16 References

Framework for integrating generative ai in developing competencies for accounting and audit professionals, blockchain technology integration in tax policy: navigating challenges and unlocking opportunities for improving the taxation of ghana's digital economy., ai competencies for internal auditors in the public sector, auditing of ai: legal, ethical and technical approaches, study on the impact of digital transformation on audit risks of accounting firms: the case of grant thornton, an overview of reviews: organizational change management architecture, a conceptual model for comprehensive assurance review engagements for less developed regulatory environments, developing accountants for the future: new technology, skills, and the role of stakeholders, an audit risk model for it audit ecosystems and digital transformation (dx) decision making, how artificial intelligence is challenging accounting profession, related papers.

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I was fired from Deloitte after 18 months. Here are the mistakes I made as a new grad.

Eddy Gramajo landed a job at Deloitte as a first-gen college graduate with a low-income background.
At Deloitte, he was too focused on grasping corporate culture rather than his actual work.
Gramajo was fired after 1 ½ years but has since built a successful accounting career in tech.

This as-told-to essay is based on a conversation with Eddy Gramajo, a 32-year-old accountant in San Diego. Business Insider has verified his employment history and salary details. The following has been edited for length and clarity.

I wasn't a great student in high school — I had a 2.4 GPA. Even my guidance counselor told me that community college would probably be my best option.

Yet I managed to land a job at Deloitte after college. Eighteen months later, though, I was fired.

I studied accounting in college to make a better life for myself

When I was growing up in California, my mom didn't make much money as a hairstylist, and she raised my brother and me as a single mother . I remember coming home from school and not knowing where we'd be sleeping because we'd been evicted.

Despite not being a great student, I got into the University of Redlands, a small school in Southern California, with generous financial aid and multiple need-based scholarships from local nonprofits.

I decided to double-major in business and accounting because the people I knew who made money and lived in nice houses were accountants or in finance or business. I wanted to help my mom out, do better for myself, and not worry about the lights being turned off or how to afford meals.

I was told I didn't look professional enough

Throughout college, I tried hard to make money — I resold my classmates used textbooks and worked multiple part-time retail and service jobs .

I knew other people who got internships, but I didn't manage to land any despite going to many Meet the Firms events , attending presentations, doing mock interviews, and submitting applications.

I remember thinking I crushed my first Meet the Firms event since I'd met many people and had gotten a stack of business cards. I was excited to follow up. Then my professor, the head of accounting, pulled me aside and told me that one of the Big Four firm's employees had mentioned that I needed to clean up, shave my beard, and be more presentable.

At another event, I remember one of the Big Four recruiters telling me, "I'm not even going to take a look at your résumé because your GPA isn't high enough."

At Deloitte, I focused on looks and personality instead of work

I thought for hours about what to wear on my first day . I chose a tie, dress shirt, and slacks, and I remember walking in and realizing I was the only one wearing a tie. After being told in the past that I didn't look presentable enough, I overbenchmarked my presentation.

In my starting class of 13 people, I was one of only two people of color. I didn't want people to think I didn't know what I was doing or draw attention to the fact that I was different.

I felt like the others in my starting class knew how to move in the corporate world better than I did, so I just tried to observe and learn.

I was so focused on grasping corporate culture that I didn't focus as much on the actual accounting work — that was my mistake. I focused on becoming buddy-buddy with the higher-ups because that was what I thought I needed to do to get ahead and accelerate my career.

When I got to Deloitte, I was surrounded by people from Yale, the University of California, San Diego, and all of these schools I didn't get into, so I clung to what I thought my strength was — my relationship-building skills — because they had always gotten me to places where my smarts couldn't.

I had some performance issues and was fired

I was promoted about 12 months in. But between then and the next review cycle, it became clear that it wasn't working out.

I missed a deadline or two and received more review notes on the Excel workbooks I turned in than expected. I wasn't submitting projects quickly enough because I was afraid to ask questions.

My senior manager asked me what was happening a few months before I was let go. I told her generally about some personal stuff I had going on because I thought I could be candid with her. She basically was like, "Hey, I know you're going through a lot, but everybody goes through stuff in their life, but they all end up figuring out how to get things done on time."

I started getting assigned lower-level work, and by my 18th month there, I stopped seeing stuff on my calendar. I took the lighter schedule as an opportunity to study for the CPA exam.

One day, I went into the office and had something scheduled on my calendar that morning. I went into the meeting, which was with the lead partner at the San Diego office and the human-resources person. They told me I was being let go because of performance issues.

I took it on the chin. I'm never one to make excuses. I could see how I hadn't been producing good-quality work, so I understood.

Even when I was getting fired, I was just super thankful for the opportunity. I knew how important it was to have Deloitte on my résumé, even just that 18-month experience.

I've made a career for myself

After Deloitte, I created an app with a former colleague from the firm to teach financial literacy to low-income families and students. The project ended up not working out, but at one point, we reached 5,000 monthly active users.

I moved back up to the Bay Area and slept on my brother's couch for a few months while I applied for jobs at tech companies, partly because I knew that was where the money was. I interviewed at 25 places and got an offer at Pandora in revenue accounting.

After Pandora, I worked at Glassdoor, started my consulting firm, Gramajo Consulting, joined Calm as its first hire on the revenue team, and have been at Dropbox since June 2022.

This is the longest I've ever been at a company, and Dropbox is one of the best places I've ever worked. The culture is great, and it's fully remote . My total compensation is nearly $300,000, and Dropbox offers great benefits — they provide six months of paid parental leave, so I got to spend six months straight with my child when he was born.

I don't look back and think about things I wish I had done differently. I feel like everything happens for a reason. Maybe if I hadn't gotten let go, I wouldn't have started the financial-literacy app or gotten a job at Pandora.

Now, 10 years later, I'm focused on making sure my team is clear on the goals we set. I don't want anybody to feel the way I felt at Deloitte, so I always provide a lot of transparency to my team in terms of giving feedback and discussing career growth.

I really focus on psychological safety for my team because I think that's important for groups such as first-generation white-collar employees, women, and people of color in the workplace. Two of my team of three are women of color, and I try to elevate them and give them recognition.

Mentors along the way supported me, and I want to pay it forward

I wouldn't have gotten here without the support of some great mentors along the way, including Nancy, the woman who ran a program called the College Dream Team and was the first person to tell me that I could go to college; Becky Mangiardi, my high-school librarian who would always be a listening ear and paid for one of my $75 college-application fees when I was trying to brainstorm ways to come up with the money; and Laurie Mitchell, my accounting professor who lent me $1,200 to be able to move to San Diego for Deloitte because she knew how important that was to get my career started.

I share my story on TikTok and try to be more transparent with my team because I want to pay forward the knowledge I've gained throughout my career to others.

I want others not to struggle the way I did and to learn from my mistakes so they don't have to make the same ones.

Deloitte representatives did not respond to requests for comment.

If you worked in a Big Four firm and would like to share your story, email Jane Zhang at [email protected] .

Watch: SAP's CMO Julia White learned early in her career about the challenge of leading teams through change, and earning respect by owning up to mistakes

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My Ambition To Be An Accountant

My dream job: accountant

American Institute of Certified Public Accountants. (2021). What is a CPA? Retrieved from https://www.aicpa.org/content/dam/aicpa/researchandstandards/misc/cpadescription.pdf
Baker, R. (2018). Essential skills for a career in accounting. Accounting Today. Retrieved from https://www.accountingtoday.com/opinion/essential-skills-for-a-career-in-accounting
Burns, J. (2019). Why accounting is a great career choice. Forbes. Retrieved from https://www.forbes.com/sites/jrose/2019/06/04/why-accounting-is-a-great-career-choice/?sh=43ef1eb3645e
Peavler, R. (2021). Why accounting is important to business. The Balance. Retrieved from https://www.thebalance.com/why-is-accounting-important-to-business-397405
PwC. (2021). Accounting services. Retrieved from https://www.pwc.com/us/en/services/audit-assurance/accounting-services.html
Schaefer, R. (2019). How to become an accountant: Steps to take from high school to career success. Business Insider. Retrieved from https://www.businessinsider.com/how-to-become-an-accountant

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Home — Essay Samples — Business — Management Accounting — Accounting

Essays on Accounting

Accounting essay topics and outline examples, essay title 1: the evolution of accounting: from ancient methods to modern financial reporting.

Thesis Statement: This research essay traces the historical development of accounting practices, explores the transition from traditional methods to modern financial reporting, and highlights the role of accounting in today's business landscape.

Introduction
Early Accounting Methods: Ancient Civilizations and the Birth of Bookkeeping
The Double-Entry System: Luca Pacioli's Contribution to Modern Accounting
The Industrial Revolution and the Expansion of Accounting Practices
Accounting Standards and Regulations: FASB, IFRS, and GAAP
Modern Financial Reporting: Balance Sheets, Income Statements, and Cash Flow Statements
Accounting in the Digital Age: Technology and Automation
Conclusion: The Enduring Significance of Accounting in Business

Essay Title 2: Ethical Dilemmas in Accounting: Cases, Codes of Conduct, and Professional Integrity

Thesis Statement: This research essay explores ethical challenges and dilemmas encountered in the field of accounting, examines industry codes of conduct, and emphasizes the importance of maintaining professional integrity.

Ethical Issues in Accounting: Fraud, Misreporting, and Conflicts of Interest
The Role of Professional Organizations: AICPA and IMA Codes of Ethics
Case Studies: Enron, WorldCom, and Other Notable Accounting Scandals
Whistleblowing and Ethics Reporting: Legal Protections and Ethical Considerations
Education and Training: Fostering Ethical Decision-Making Among Accountants
Conclusion: Upholding Ethical Standards in the Accounting Profession

Essay Title 3: Financial Accounting vs. Managerial Accounting: Methods, Objectives, and Their Role in Business Management

Thesis Statement: This research essay examines the distinctions between financial accounting and managerial accounting, their respective methods, objectives, and how they contribute to effective business management.

Financial Accounting: Recording, Reporting, and External Stakeholders
Managerial Accounting: Decision Support, Budgeting, and Internal Management
Comparing Financial Statements and Managerial Reports
Objectives of Financial and Managerial Accounting: Compliance vs. Decision-Making
Interactions Between Financial and Managerial Accounting in Corporate Governance
Case Studies: Real-World Applications of Financial and Managerial Accounting
Conclusion: Leveraging Accounting Practices for Effective Business Management

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Digital Commons @ USF > College of Arts and Sciences > Department of Communication > Faculty Publications > 411

Communication Faculty Publications

Embracing ethics and morality: an analytic essay for the accounting profession.

William Stephens Carol A. Vance Loyd S. Pettegrew , University of South Florida Follow

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In this era after the financial and accounting failures of Enron, WorldCom, AOL, Global Crossing, Tyco, Lehman Brothers, Washington Mutual, and AIG, the discusion concerning the root causes of such failures must be redoubled—and the accounting profession stands at the center of this discourse. Were the failures due to incompetent accounting and auditing practices? Did the profession provide inadequate accounting and auditing rules for a complex business environment? Was there too much emphasis on short-term results and performance rewards at the expense of sound accounting principles? Could the failures have resulted from the profession's reluctance to take responsibility for detecting fraud? Or was it simply what baseball philosopher Yogi Berra once said when asked to explain his team's lack of success, “We made too many wrong mistakes” (Yogi—It Ain't Over, McGraw-Hill, 1989)? In this article, the authors join analysts like Paul F. Williams and submit that the underlying explanation for these accounting failures was a moral and ethical problem and that to ignore this underlying issue is to seriously miss the point (“You Reap What You Sow: The Ethical Discourse of Professional Accounting,” Critical Perspectives on Accounting, vol. 5, no. 1, pp. 995-1001, 2004). If the accounting profession is willing to settle for a rules-based approach of legislative fixes, without looking at a failed moral and ethical underpinning, any efforts to regain a preeminent professional status will fail. The authors offer a prescription that the accounting profession can use to regain its moral foundation and reestablish ethical practices.

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The CPA Journal , v. 82, issue 1, p. 16-36

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Stephens, William; Vance, Carol A.; and Pettegrew, Loyd S., "Embracing Ethics and Morality: An Analytic Essay for the Accounting Profession" (2012). Communication Faculty Publications . 411. https://digitalcommons.usf.edu/spe_facpub/411

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Home / Essay Samples / Business / Management / Accounting

Accounting Essay Examples

An essay about accounting serves as a means to explore the principles, practices, and significance of accounting in the world of business and finance. The purpose of such an essay is to provide insights into how accounting functions as a vital tool for tracking financial transactions, making informed decisions, and ensuring the transparency and integrity of financial reporting. Essays on accounting shed light on the complexities and implications of this discipline, while also highlighting its role in shaping economic systems and business operations. Exploration of Accounting Principles in Accounting Essay Topics One of the primary goals of an essay about accounting is to delve into the fundamental principles that underlie accounting practices. This involves discussing concepts such as the accrual basis of accounting, the matching principle, revenue recognition, and more. Essays on this topic aim to explain how these principles guide financial reporting and decision-making. Essays about accounting often focus on the process of financial reporting, including the preparation of financial statements such as the balance sheet, income statement, and cash flow statement. These essays explore how accurate and transparent financial reporting is essential for stakeholders to assess a company’s financial health. Accounting plays a crucial role in aiding business decision-making. Essays in this field can discuss how financial data and reports help businesses evaluate profitability, assess risks, and make informed strategic decisions. These essays showcase how accounting information impacts various aspects of business operations. Tips for Writing an Essay About Accounting:

Choose a Focus: Select a specific aspect of accounting to explore, such as a particular principle, concept, or its role in a specific industry. Thesis Statement: Begin with a clear thesis that outlines the main topics or questions your essay will address. Explain Concepts: Ensure that you provide clear explanations of accounting concepts for readers who may not be familiar with the subject. Real-World Examples: Use real-world examples and case studies to illustrate the application of accounting principles. Consider Ethical Implications: Discuss the ethical considerations that accountants face, such as the importance of honesty and integrity in financial reporting. Address Current Trends: Explore how technological advancements are impacting the field of accounting, such as the use of AI and automation. Cite Sources: Properly cite sources to support your arguments and provide credibility to your essay.

An accounting essay provides a window into the intricate world of financial management and reporting. By analyzing principles, practices, and real-world applications, these essays contribute to a better understanding of the crucial role that accounting plays in shaping business decisions, financial transparency, and the overall health of economic systems.

Navigating Ethical Dilemmas in Accounting

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Report on Internship in the Field of Accounting and Finance

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Overview of Current Accounting Environment in Peru

Peru is an emerging economy, but still considered a developing country, which began to introduce the widely-used IFRS accounting standards during 1994. Prior to this introduction, the Peruvian system had become a hybrid of many other country’s accounting policies, taking influence over time from areas...

A Research Paper on Tesco 2014 Accounting Scandal

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Comparative Analysis of Computerised Accounting Software

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The Impact of Advancements in Technology on Accountants and Bookkeepers’ Job

Accounting is the process of recording financial transactions to help a company or a small business to keep records of their financial health. These reports support the company, help them manage their money better, and are used by every unit that is related to the...

The Use of Technology in Accounting: Accounting Software

Technology has always been revolving and improving as time pass by. Many things were emerging because of it. Life has been easy and people rely more to it ever since it flourished. The continuous growth of technology is not only evident in the everyday lives...

Being an Accountancy Student: Reflections on the Journey Thus Far

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The Way Working Capital Management Works

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Effect of Corporate Governance on Accounting Conservatism in Manufacturing Companies

The increased accounting scandals in the past previous years that caused subside of high reputable companies such as Enron have led several sectors to focus on amending accounting quality and corporate governance (Emmanuel & Salisu, 2018). Corporate governance is the system that is used to...

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