Money acts as a barrier, a statement, a vehicle and a lifeline in the modern world. It is essential to know grasp the knowledge of how it works and how to manage it efficiently. It is because of this reason I decided to venture into finance and accounting. I believe that even though it is very important in our day-to-day process of decision making and still it is underestimated as a part of the business structures and global economy. Through my interest and knowledge in economics, I came to realize that it is impossible to comprehensively run a business without the function of finance and accounting. An integral part of the overall business management and survival is the flow of accounting data like purchases, investments, projections and income. The versatility of finance and accounting is what appeals me; finance interlinks many fields and thus would certainly widen my occupational prospect. Moreover, one can branch out into several specialized sector within the profession like auditing, tax and advisory. These options act as an additional inducement for me to take this path.
It is because I intend to further my studies towards developing a career in a bank or a financial consultancy that I have chosen to study Finance and Accounting as a major. The central elements of the dynamics of commerce are Finance and Accountancy as they define the manner in which a shareholder, a firm and society at large relate to one another on various platforms. There is a need to understand the underlying market forces which control decision making from the price in the superstore to the share indexes on the trading floor. The importance of the active control of money flows and financial management is brought into focus by the recent economic downturn.