Explore Courses

What is Accounting

Go back

Accounting is the process of recording financial transactions related to a business. it involves summarizing, analyzing, & reporting these transactions to regulatory agencies, tax collection entities, & other stakeholders. The financial statements used in accounting provide a concise summary of financial transactions over an accounting period, summarizing a company’s operations, financial position, & cash flows. Accounting is an essential function for decision making, cost planning, & measurement of economic performance. It is used by businesses of all sizes to keep track of their finances & make informed business decisions.

Popular Accounting Courses:

Bachelor’s Courses:

Bachelor of Science (B.Sc) in Accounting: This course provides students with a comprehensive understanding of accounting principles & practices. Students learn about financial accounting, cost accounting, auditing, taxation, & more.

Bachelor of Commerce (B.Com) in Accounting & Finance: This course focuses on the application of accounting concepts in the business world. Students learn about financial management, investment analysis, corporate finance, & more.

Master’s Courses:

Master of Science (M.Sc) in Accounting: This course provides students with an in-depth understanding of accounting concepts & their application in the business world. Students learn about advanced financial accounting, auditing, taxation, forensic accounting, & more.

Master of Business Administration (MBA) in Accounting: This course focuses on the development of accounting strategies & their implementation in the business world. Students learn about financial management, investment analysis, corporate finance, & more.

Popular Universities

Here are the top 10 universities for Accounting based on QS World University Rankings for Accounting & Finance 2021 1:

  • Harvard University
  • University of California - Berkeley
  • University of Michigan - Ann Arbor
  • University of North Carolina at Chapel Hill
  • University of Washington - Seattle
  • Tufts University
  • University of Illinois at Urbana-Champaign
  • Cornell University
  • University College London
  • Wageningen University & Research

Popular courses provided by these universities include Bachelor of Science (B.Sc) in Accounting, Bachelor of Commerce (B.Com) in Accounting & Finance, Master of Science (M.Sc) in Accounting, & Master of Business Administration (MBA) in Accounting.

Frequently Asked Questions

What is the scope of accounting?

Accounting has a vast scope & relevance in various industries & sectors. Accountants are the financial backbone of businesses, responsible for maintaining financial records, preparing financial statements, & ensuring compliance with taxation & auditing regulations. The scope of accounting extends to roles such as public accountants, management accountants, auditors, & financial analysts. in an era of complex financial transactions, accounting remains a highly sought-after profession with diverse opportunities.

Is accounting easy to study?

The ease of studying accounting is a subjective matter. Some find it relatively straightforward due to its systematic nature, while others may perceive it as challenging, given its attention to detail & need for precision. Like any field, dedication & interest play a vital role in making it an enjoyable & manageable subject to study. Many accounting programs incorporate real-world scenarios & hands-on experience, which can enhance the learning experience.

Which is the best country to pursue accounting courses?

Selecting the ideal country for pursuing accounting courses hinges on your academic & career objectives. The United States is renowned for its accounting programs, with a strong focus on research & innovation. The United Kingdom, Canada, & Australia also offer top-tier accounting courses with a global perspective. When deciding, consider the program's curriculum, faculty expertise, & available resources.

Which subject is best for accounting?

Accounting draws from a variety of subjects, & the best-suited subject often depends on your career aspirations. Subjects like mathematics, economics, & finance provide a solid foundation due to their quantitative nature. Business & law can be advantageous, as they offer insight into the business environment & legal frameworks that accounting operates within. Ultimately, the subject choice should align with your specific interests within the field of accounting, whether it's taxation, auditing, forensic accounting, or financial analysis.

Discover More on Study Abroad

Explore our Blogs, Webinar & Ebooks to guide your study abroad journey

Must-read Blogs

Must-read Blogs

Access reliable & authentic articles on international education

Read Blogs
Watch Webinars

Watch Webinars

Get guided by industry experts on trending courses, job ecosystem, and much more

Watch Webinars
Free E-Books

Free E-Books

Download and Kickstart your study abroad journey

Read Ebooks