Accounting and finance is a more diverse profession with huge profitability than it is often given credit for, and it can offer both the stability of a long-term employer and the autonomy of self-employment. You also have adequate knowledge about different types of accounting terms and enough experience.
It can be a very secure path to earn good money and make you a very successful creative entrepreneur. You can take advice from experienced professionals at VIBE Education.
Companies from all industries require accountants and finance professionals to manage their finances. High demand for accounting and finance graduates means you will have strong job security.
What is accounting, and why is it important?
Accounting and finance involve looking at money, business, and management. Accounting relates to information analysis for different aspects of a company, while finance solely concerns an organization’s monetary funds.
In simpler terms, accounting is how a business records its financial information. Accountants, or anyone else tasked with accounting activities, are concerned with capturing a snapshot of an organization’s financial health at a specific point in time. VIBE Education can assist you in advancing your career in finance and accounting in Dubai.
Some common accounting activities include:
- Recording transactions
- Collecting financial information
- Compiling financial records, reports, and statements
- Preparing tax returns
- ensuring an organization’s taxes are paid and its financial records comply with the law
Whether you’re an entrepreneur who needs to prepare financial records for your company, a business professional trying to better understand and contribute to your organization’s financial decision-making process, or someone who wants to make sense of their own finances, studying basic accounting can provide many benefits.
Reasons to study accounting and finance:
- Excellent graduate prospects
- Real-world application and relevance
- Become a better investor.
- Build a strong network.
- Pursue a professional qualification.
- You’ll be primed for entrepreneurial success.
