What Is Accounting About
Are accounting classes all about adding and balancing numbers? Not to Abel Galliguez '11. “The most important thing I’ve learned from my accounting classes is how essential accounting is to the world,” Abel said. “It is the language of business. Without a solid understanding of accounting, a business person’s effectiveness in the business world would be very limited.”
Students majoring in accounting will learn basic and advanced principles of managerial accounting, financial statement preparation, fixed asset analysis, financial reporting, federal income tax basics and other foundational and advanced accounting concepts. Those majoring in accounting have the option to take selected topics, which offer students opportunities to study subjects of special interest.
“Classes are very engaging due to the small size of my class, particularly with fellow accounting majors,” Abel said. “The classes not only brought out the intellectual and principle-based teaching of accounting knowledge, but also challenged me to think more about real-world application and how things looked in different environments in the workplace.”
Courses include topics in accounting principles, government and non-profit accounting, and cost accounting. An accounting internship allows supervised learning involving field experience in an accounting position.
For Abel, majoring in accounting means being able to understand and deal with financial situations in tangible ways.
“[The knowledge I gained from] my major greatly helped out the company I interned with. I was able to not only bring the drive to learn in their small office, but also apply some of the ideas I learned which helped make the company more efficient,” Abel said. “I’ve also been able to use what I’ve learned back home with my family’s personal finances.”
Why Study Accounting
- Accountants are not bookkeepers. We design business systems and hire bookkeepers to run them.
- CPA (Certified Public Accountant) firms love accounting majors. With a good grade point average going into your senior year, CPA (Certified Public Accountant) firms will start recruiting you six months before you graduate.
- Christian organizations are begging for smart accountants to spend their lives helping others preach the gospel.
- Accounting majors learn how to do business, so they often advise businesses.
- Accountants learn the rules that govern business. Accountants are the only non-attorneys that can represent clients in tax court.
- Accountants know the computer software that runs business and train others to use these programs effectively.
- Accountants are communication specialists. We explain complex issues to anybody, no matter how sophisticated the concept.
- Accountants are professionals. We know what to do. We say to our clients, "Wait, don't tell me what you want to do. Tell me what you want to accomplish, and I'll advise you on how to do it."
- We are funnier than most accounting programs.
- Accounting is a people business. You see your tax clients year after year, form relationships with them and get to know them personally.