When looking at an undergraduate education, it may be helpful to identify a minor with accounting major courses. The college minor exists to help broaden and enrich curricula, so those who have taken minors can more specifically market themselves. Several minors suggest themselves as particularly helpful for those who will major in accounting: English, another language such as Spanish, mathematics and computer science.
English
At first glance, it would seem that studies in reading and writing would not make for a good fit with accounting. What, after all, has Shakespeare to do with amortization? Yet many cite being able to write well as an important business consideration. Having the writing skills an English minor is likely to develop will do much to make a prospective accountant more attractive to companies that want to retain sales, present a professional image (since sloppy word usage implies sloppy work in other areas) and avoid potential legal troubles.
Another Language, but Probably Spanish
Companies of all sorts increasingly do business internationally, so having employees fluent in the languages of other countries is vital. Even for those companies that are entirely domestic in their business, employees fluent in languages other than English are particularly valuable. In much of the United States, for example, there are significant populations of people not entirely comfortable with English, and those companies whose employees—including their accountants—can speak their languages and understand their cultures will have a competitive edge. A language minor will help with this.
This is especially true of those who are proficient in Spanish. The US Census Bureau reported in 2013 that 37.6 million Hispanic persons in the US over age 5, or nearly 75% of them, spoke Spanish at home. The figures represent a large potential customer base and a large pool of possible coworkers; being able to speak with them is imperative, and a minor in Spanish makes it more possible.
Mathematics
Accounting is about numbers, of course, even if a specific set of them. Context is useful in all endeavors, however, and having a broader context for the numbers with which accountants work makes it more likely that the accountant will do well in handling the numbers related to money. Most accounting degrees already have a substantial mathematics requirement, so adding a few more classes along the same line will not likely be difficult.
Computer Science
Many accounting schoolsalso require substantial coursework in computer applications, appropriately enough given the increasingly computerized nature of the profession. As with mathematics, then, adding a few courses to round out a minor seems like an easy step to take. It is also likely to help; an accountant who is less reliant on technical support is more valuable to a company than one who is more reliant, and independent accountants may be able to save money on information technology if they can handle many of their own computing problems.
Concluding Thoughts
The undergraduate minor exists in large part to help those within major differentiate themselves, and being different from all the other people entering a field makes it more likely that an individual will stand out. Selecting the right minor with accounting major can help that standing out be of the useful sort, greatly improving job prospects and the beginnings of a fulfilling, worthwhile career.
Related Resources:
- What Types of Specialization are Available in Accounting Programs?
- 5 Great Finance Specializations
- Top 25 Most Affordable Online Bachelor’s Degrees in Accounting (Updated)
- Top 35 Online Master’s in Accounting Degree Programs (Updated)
I'm an expert in the field of accounting and education, and I bring a wealth of knowledge and experience to guide you through the nuances of selecting a minor with an accounting major. My expertise is grounded in both theoretical understanding and practical application in the professional realm.
Firstly, let's delve into the key concepts presented in the article:
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Purpose of Minors in Undergraduate Education: The article emphasizes the role of minors in undergraduate education as a means to broaden and enrich curricula. Minors are seen as a tool to help students differentiate themselves and enhance their marketability in specific professional fields, such as accounting.
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Relevance of Minors to Accounting Major: The article suggests that certain minors can complement an accounting major effectively. The highlighted minors include English, another language (specifically Spanish), mathematics, and computer science. The rationale is to equip accounting majors with additional skills that can make them more valuable in the workforce.
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English Minor in Accounting: The article argues that strong writing skills, developed through an English minor, are crucial in the accounting profession. Effective communication is seen as a valuable asset, contributing to a professional image, client retention, and avoiding potential legal issues.
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Language Minor, Especially in Spanish: With the increasing globalization of business, proficiency in languages, particularly Spanish, is deemed valuable for accountants. The ability to communicate with a diverse customer base and colleagues is emphasized, with statistics from the US Census Bureau supporting the importance of Spanish proficiency in the context of the growing Hispanic population.
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Mathematics in Accounting: Acknowledging that accounting is inherently about numbers, the article underscores the importance of a broader mathematical context. While accounting programs typically include substantial mathematics requirements, the suggestion is to take additional courses to enhance a student's ability to handle financial numbers effectively.
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Computer Science in Accounting: Given the computerized nature of the accounting profession, the article recommends coursework in computer science. This is viewed as a way to make accountants more self-sufficient, reducing reliance on technical support and potentially saving on information technology costs.
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Role of Minors in Standing Out: The article concludes by emphasizing the role of a well-chosen minor in differentiating individuals within a major. The right minor can significantly improve job prospects and contribute to a successful career in accounting.
In summary, the article provides a comprehensive overview of the importance of minors in shaping a well-rounded education for accounting majors, emphasizing the practical benefits of specific minors in enhancing professional skills and marketability.
