1 / 10

Why Study Accounting?

Why Study Accounting?. You want to be a CPA, audit tax or advisory services. But for many, public accounting is “ultimate internship” You want to be important member of management team in a business You want to run your own business

olsen
Download Presentation

Why Study Accounting?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Why Study Accounting? • You want to be a CPA, audit tax or advisory services. But for many, public accounting is “ultimate internship” • You want to be important member of management team in a business • You want to run your own business • You thought you wanted finance and took Intermediate Accounting • You want the most rigorous preparation for business

  2. Why Accounting at UWM? Big Draws • Huge alumni support with 60 years of graduates • Award winning professors (12 – 15) dedicated to teaching, technology, research • Newly introduced PhD program (2 in WI) • CPA in Residence for career planning Only one in WI) • Placement 3+ times and huge employer base • Integrated 4/5 year Masters program (4 in WI) • Number 23 in the Nation on CPA Exam • Necessary experience is right here! • Active student organization (BAP)

  3. The Interests You Should Have: • Practical math, numerical analysis, Excel • Quantitative problem solver, objective • Interested in financial matters – this is the road to a career in finance! • Willing to study harder than others! (15 hour Intermediate) • Quest for complete understanding over memorization • Prefer to work with others in teams • Enjoy explaining technical information • Don’t want to be bookkeeper, want to support and make decisions – But HS bookkeeping helps

  4. Career Options • Demand still strong for CPA’s • Major source for “Final 4” – Importance • CPA firms are insisting on internships • There are opportunities (and interest) in industry and finance • Foundation for Management • Pay $40,000 - $50,000+signing/exam bonuses + “Exam done” bonus • CPA means 5 years & Masters Degree

  5. What do Employers Look For? • 3.25 GPA for the best opportunities • Relevant Job Experience • Extra-curricular involvement • Personality and presentational ability • Take more speech than required • Understanding of Finance • Put your electives here • References – do you want someone to talk to your boss?

  6. Action Points Freshman- focus on math and English - Consider the Business Scholars Program - Gain business experience Sophomore–Intro accounting (B)/ Intermediate Accounting (B) (3.00 in Jan. 10) - Business foundations - start on accounting work experience (We have seminars) Junior – Start on 2 acct courses per semester – you will receive detailed plan. 3 semester plan requires summer school - Join Beta Alpha Psi - Get Tax done early (jobs and career choice) - Interview for Internship in spring of senior year, or summer following senior year (only for 5 year students)

  7. Senior Year Fall • Interview for full time if leaving after 4 years Or • Apply to graduate school • Take GMAT (Study first!) • Apply for scholarships, TA positions

  8. Special Considerations • There are two MS-PA Choices: tax and financial • Undergraduate International study experiences available as your required International Course • E&Y Study Abroad in first summer of graduate year – International Accounting • Seamless transition to graduate school – as long as you apply and take GMAT • Start grad. Program in July/September • Graduate support options vary

  9. How to Survive Intermediate • B+ in 201 and do extra credit, break dependence on “Wiley Plus” • One repeat, but low priority • Study between each of 3 classes • Miss a lecture or lab and blow 5 points! • If 4 other classes, one is “light” • Work? One less course and 15 hour max. • Never get behind, get help (available every day) • Exams are 100% (assignments + lecture examples) No cramming or memorization • Study groups are a big help and create competitive environment • Less than a B means you did not figure out how to study!

  10. Specific Time Line

More Related