Why Accounting Is Preferred Among Students for their Career Choice?

Accounting Case Study (Factors that Affect Students’ Career Choice in Accounting: A Case of Bahir Dar University Students)

Avail Top Notch Accounting Assignment Help From Professional Writers of

Assignmentdesk.co.uk @ Pocket Friendly Prices.

1

Table of Contents

INTRODUCTION ............................................................................................................................... 3 LITERATURE REVIEW ..................................................................................................................... 3 Factors that create interest among students to choose accounting ................................................... 3 Factor that prevent ............................................................................................................................ 4 Factors that influence students to select accounting now and not earlier ........................................ 5 Own theory (Diagram) ..................................................................................................................... 6 CONCLUSION .................................................................................................................................... 7 REFERENCES..................................................................................................................................... 8

A Sample Report On Accounting Management To Buy Complete Assignment From Us: Phone:

+44 203 8681 670

Mail : help@assignmentdesk.co.uk Website: https://www.assignmentdesk.co.uk/ Avail Top Notch Accounting Assignment Help From Professionals Writers of Assignment Desk @ Pocket Friendly Prices.

Avail Top Notch Accounting Assignment Help From Professional Writers of

Assignmentdesk.co.uk @ Pocket Friendly Prices.

2

INTRODUCTION Accounting refers to the comprehensive and systematic procedure applied for accurately reporting the financial transactions of the business unit. In the field of educations, Universities offer accounting programmes to the students with the aim to build an exceptional, excellent and stronger account based knowledge and technical capabilities that firm required making rationalized decisions for the prospective growth. However, now-a-days, the choice or selection of accounting course by the students is affected by the multitude of factors. In the current era, the interest of the students in building their career as an accounting profession shows a decline trend because the perception of the students has been changed and they are more interested in building their profession in creative, innovative & people-oriented field. Society consider the profession of accounting as just the number crunches who pay more emphasizes on the numerical or data accuracy, daily recording, financial calculations and strong analytical skills to use the monetary information of the firm to make smarter decisions for the growth and success. Therefore, this research study aims at examining various factors to identify the factors that impact the choice of students in the field of accounting as their profession. It will evaluate various factors which encourage or not the students to build career in the field of accounting.

LITERATURE REVIEW This section will critically evaluate the peer-reviews from the historical articles to deeply understand and examine the motivational factors that create interest among students to choose accounting as their profession.

Factors that create interest among students to choose accounting Career choice has been defined as a process of lifelong learning, in which, students make their career decisions by balancing their self-interest, opportunities and availability of skills and talent. As per the Dibabe, Wubie and Wondmagegn (2015), socioeconomic theory of the career choice reflects that student’s choices are significantly affected by their social conditions. It includes various factors like influence of the parents, teacher’s guidance, social status as well as economic conditions i.e. accountant’s salary and existing job opportunities. Accounting the great topic and it enhances knowledge of students about financial aspects. It is the important area in which there are many job opportunities that can help in the career growth of individual. It is the only field in Avail Top Notch Accounting Assignment Help From Professional Writers of

Assignmentdesk.co.uk @ Pocket Friendly Prices.

3

which limited number of people applies so competition is very low. It can help in gaining success to the students to great extent. The most important factor that encourage students to make career in accounting is interest because in the field of education, students only choose that subject in which they have a great level of interest, so that, they can willingly, interestingly and enjoyably study the chosen area and make their career brighter and stronger.

However, on the other side, Porter and Woolley (2014), stated that accounting is the field in which person can start its own business and can earn independently. Accounting professionals have huge scope of earning good amount that encourages them to select the accounting field rather than any other subject. Likewise, few of the studies suggested that good earning opportunity and high salary is the main factor which motivates students to select the course of accounting as a major profession. In the study, it has been stated that choice of students highly influenced by the earning potential of particular field. It is believed that companies offer high amount of salaries to accountants. It gives lots of job experience to students so that they can establish their career and can guide others as well.

In addition to this, Al-Rfou (2013), founded that students who are willing to work in a challenging environment often choose accounting as their career. Candidates who have good numerical skills and interested in the field of financial analysis wish to make their career in accounting field. Mbawuni (2015), founded that students who studied accounting in the high school are majorly interested to choose accounting as a major area of their career. Further, freedom or independent work also influences positively to choose accounting as their career choice. Introvert students believe in work independently rather than working in a group, therefore, they consider accounting as a highly suitable profession.

Factors that prevent

As per the views of Dibabe, Wubie and Wondmagegn (2015), complexity of accounting course is the main factor which resulted withdrawal from the field as it needs excellent numerical, financial and analytical skills, this is the reason why students considered it as a difficult course and do not prefer the same. However, on the critical note, Samsuri, Arifin and Hussin (2016), argued that social status is the main influencing element, now-a-days, society do not believe that accounting is an excellent field for the extra-ordinary students because it do not need strong communication skills, as a result, it gains less interest among students and cannot be considered as a challenging and dynamic profession.

Avail Top Notch Accounting Assignment Help From Professional Writers of

Assignmentdesk.co.uk @ Pocket Friendly Prices.

4

Furthermore, Solikhah (2014), accounting job is not considered creative, this is the reason why students who has good creativity are not looking to join accounting profession. Thus, creativity is the main factor that prevents and discourages students to choose accounting field. On the contrary, Subramaniam and Ramachandran (2012), argued that accountants have excessive work load which encourage students to shift into any other profession.Edwards and Quinter (2011), discovered that decision-making ability is an another component that has an adverse impact to the students. In this way, it has been stated that till the period of high education, students activities were limited to score-keeping only through recording of all the activities in a structured format, however, in the practical working, accountants suffer problems due to lack of readily availability of information. Moreover, they are also blamed by the establishments for reporting inaccurate or misleading information even the misconceptions were not done intentionally by them.

Despite this, Douglas and Shepherd (2002), studies believed that earning cannot be considered as a factor that encourage choosing accounting profession, more importantly, in the current period, students believed that other professions like engineering, doctor and others offer higher level of earnings comparatively than accounting. Further, student viewed that accounting is a rule-based system rather than generating new ideas, therefore, it effects negatively student’s accounting choices.

Factors that influence students to select accounting now and not earlier

Now-a-days, excellent pay is the main factor why students choose accounting now and not earlier. Moreover, if any person who is willing to work extremely hard for a quarter of the year encouraged to select accounting because in such a short period, he or she can get full year’s pay.

Every industry need accountant to record, summarize, interpret and examine their financial status, thus, the profession has excellent job opportunity and advancement and growth possibilities. It also offers job security to the accountants which were not provided earlier.

Presently, accounting profession shows a dramatically change because of introduction of latest computer software, high governmental regulations and policies, frequent changes in the taxation laws, internationalization and corporate re-structuring. With the dynamic and turbulent competitive world, companies require excellent accounting skills, as a result, it became a challenging and dynamic career choice (Wally-Dima, 2013). Accountants feel prestigious as they are considered finance experts, professional, analysts and management consultants also which has vast job opportunities in the current times than before. Thus, in other words, it becomes clear that Avail Top Notch Accounting Assignment Help From Professional Writers of

Assignmentdesk.co.uk @ Pocket Friendly Prices.

5

rising demand for accountant by the industries for devising the best financial plans and eliminating the possible consequences is the reason why this profession is now gains preference among students.

Own theory (Diagram)

Intrinsic factors Student’s ability or interest Willingness to become entrepreneur Challenging job

Extrinsic factors Job availability Career

option

flexibility

Extrinsic factors Excellent pay

High impact

Social status

Accounting profession

Less Impact

Less Impact

Legal responsibilities

Less impact Intrinsic factors Accounting subject in high school Difficulties in course Creativity

From the graph, it is clearly visualized that students under the intrinsic factors, students ability, desire, interest and challenging job need has a strong level of impact on the accounting selection over the difficulties, creativity and others. However, on the other hand, extrinsically, availability of Avail Top Notch Accounting Assignment Help From Professional Writers of

Assignmentdesk.co.uk @ Pocket Friendly Prices.

6

job and flexibility options has a significant impact on their professional choices over the payment structure, social status and others. Apart from this, in the society, families also have an influence over the students whether they should select accounting or not.At the same time, perception towards accounting either as a stressful job, challenging job, valuable and others also works as a motivator to build career in accounting field.

CONCLUSION From the report, it can be concluded that rewarding salary, excellent job opportunity, high demand, job security, strong analytical and financial skills, independent work, dynamic and challenging job are the factors which motivate students to choose accounting as their career path.

Besides this, there are several demotivational factors also founded i.e. lack of creativity, good salary in other professions, lack of interest, requirement of excellent and superior finance knowledge and difficulties in course are the factors that pretend students in choosing accounting as their profession.

A Sample Report On Accounting Management To Buy Complete Assignment From Us: Phone:

+44 203 8681 670

Mail : help@assignmentdesk.co.uk Website: https://www.assignmentdesk.co.uk/ Avail Top Notch Accounting Assignment Help From Professionals Writers of Assignment Desk @ Pocket Friendly Prices.

Avail Top Notch Accounting Assignment Help From Professional Writers of

Assignmentdesk.co.uk @ Pocket Friendly Prices.

7

REFERENCES ⚫

Al-Rfou, A.N., 2013. Factors that influence the choice of business major evidence from Jordan.

Journal of Business and Management. 8(2). pp.104-8.

⚫

Douglas, E.J. and Shepherd, D.A, 2002. Self-employment as a career choice: Attitudes, entrepreneurial

intentions,

and

utility

maximization.

Entrepreneurship

theory

and

practice. 26(3). pp.81-90. ⚫

Edwards, K. and Quinter, M, 2011. Factors influencing students career choices among secondary school students in Kisumu municipality, Kenya.Journal of emerging trends in educational research and policy studies. 2(2). pp.81-87.

⚫

Mbawuni, J., 2015. Examining Students' Feelings and Perceptions of Accounting Profession in a Developing Country: The Role of Gender and Student Category. International Education Studies. 8(6). pp.9-29.

⚫

Porter, J. and Woolley, D., 2014. „An examination of the factors affecting students' decision to major in accounting‟. International Journal of Accounting and Taxation. 2(4). pp.1-22.

⚫

Samsuri, A.S.B., Arifin, T.R.B.T. and Hussin, S.B, 2016. Perception of Undergraduate Accounting Students towards Professional Accounting Career.International Journal of Academic Research in Accounting, Finance and Management Sciences. 6(3). pp.78-88.

⚫

Solikhah, B., 2014. An application of theory of planned behavior towards CPA career in Indonesia. Procedia-Social and Behavioral Sciences. 164(12). pp.397-402.

⚫

Subramaniam, R. and Ramachandran, J., AN EMPIRICAL STUDY ON THE CHOICE OF ACCOUNTING AND AUDITING AS A CAREER–AN EVIDENCE FROM MALAYSIA. 182(14). pp.483-580.

⚫

Wally-Dima, L.B., 2013. Factors Influencing Students’ Choice of Accounting as a Major: The Case of Botswana Accounting Students. Asian Journal of Empirical Research. 3(4). pp.464476.

Avail Top Notch Accounting Assignment Help From Professional Writers of

Assignmentdesk.co.uk @ Pocket Friendly Prices.

8