Accounting is the spine of every business, irrespective of its shape and size. Every business revolves around accounting and finance. If you’re a number enthusiast and love analyzing data, studying business accounting diploma can be a total value for money. Want to explore how? Read on to discover the top reasons that make a diploma in business accounting a better return on investment.
- Accountants are in high demand globally
The role of accountants in an organization is way more than just tax filing. Businesses rely heavily on accountants for various purposes. Accountants are in massive demand to track income and expenditure, ensure statutory compliance, and create a forecast for the business. These professionals are also helpful in analyzing financial planning and record-keeping. Inadequate accountancy can lead to heavy losses, debt, or business failure. According to the Canadian Occupational Projections System, the employment of financial auditors and accountants will grow in Canada by 79,600 by 2028.
- Competitive salary
Corporates of accounting firms globally offer competitive salary packages to accounting graduates. Accountants help these enterprises analyze and report on a wide range of data and break down financial information into simple language. They are also responsible for ensuring that all financial transactions are entered correctly into the general ledger. Thus, the average salary of accountants is higher than in other occupations. According to Payscale, an accountant in Canada earns CA$ 53,302 per year.
- A broad range of employment opportunities
The accounting sector is an indispensable part of any enterprise. Business accounting graduates can land lucrative jobs across all types of government and private sectors to accurately manage, analyze, and report on their financial activities. Accountant, Chartered Accountant, Company Secretary, Financial Analyst, Investment Consultant, etc., are the most opted roles after studying for a diploma in business accounting.
- Necessary in performing investment analysis
A deep understanding of business accounting makes it easier for a professional to analyze a company’s assets, liabilities, and valuation methods. This crucial skill set gives an edge to individuals aspiring to make a career in accounts or finance.
- Job security
Many surveys suggest that business accounting graduates feel secure in jobs. With in-depth finance and accounts acumen, graduates can find many lucrative roles across a spectrum of industries. Furthermore, accountants are in high demand in multinational companies for financial report preparation, filing tax returns, or examining financial records. Thus, pursuing a diploma in business accounting is totally worthwhile.
Canada is home to several top-ranked educational institutions that offer accredited business accounting diploma courses. These universities are well-known for delivering a proven quality of education to students to help them make a bright future. Interested students can explore renowned colleges in Canada to make a well-informed decision for a rewarding future. Please remember that a diploma in business accounting is always a better return on investment and is worth opting for. Apply now!