Unlocking success in a Bachelor of Business in Accounting

So, you’re considering a Bachelor of Business with a major in Accounting? We think this is a great choice! Accounting is one of the most versatile and in-demand professions currently. But what exactly do you need to thrive in this field? Let’s talk about the key skills that will set you up for success in your degree and future career.

Ethical Judgment

Integrity and ethical behaviour are at the core of the accounting profession. You will be dealing with sensitive financial information so maintaining trust and credibility is crucial. Adhering to strict ethical standards ensures you’re always on the right side of the law—and everyone you work with.

How to develop it:

• Study the ethical guidelines and codes of conduct within the accounting industry.
• Participate in discussions or case studies focussing on ethical dilemmas in business to strengthen your judgment.

Time Management

Between assignments, lectures and exam prep, it’s easy to feel overwhelmed during a Bachelor of Business degree. Good time management helps you juggle everything without burning out. In the real world, accountants often work with tight deadlines—so mastering this skill now is a major win.

How to develop it:

• Set up a weekly study schedule and stick to it.
• Use productivity apps like Notion or Google Calendar to stay organised and manage deadlines.

Tech-savviness

The world of accounting is increasingly driven by technology. From specialised software to AI-powered data analytics tools, being tech-savvy gives you a huge advantage in the industry.

How to develop it:

• Learn and practise using accounting software like QuickBooks or Xero.
• Stay updated on technological trends in accounting, like AI and blockchain.

Resilience and Adaptability

The accounting field is dynamic. Regulations change, technology evolves and businesses adapt. Being resilient and adaptable means you can keep up with changes and continuously learn throughout your career. This is especially important as accounting becomes more complex with new financial regulations and technologies.

How to develop it:

• Develop a growth mindset by viewing challenges as learning opportunities.
• Be open to learning new systems, whether it's software or new accounting standards.

Teamwork and Collaboration

While accountants often work independently, they also collaborate with teams—whether during group projects in your degree or working with colleagues in a corporate setting. The ability to collaborate, share insights and work well with others is a must in both your studies and future career.

How to develop it:

• Engage in group projects to improve your collaboration skills.
• Learn how to give and receive constructive feedback professionally.

Microsoft Excel

One of the most important tools in an accountant's toolkit is Microsoft Excel. Whether it's analysing data, creating financial models, or managing large datasets, proficiency in Excel is critical. This semester, Peter Ho is offering XCLR8 workshops, designed to help students build and refine their Excel skills.

How to develop it:

• Attend workshops like XCLR8 to deepen your Excel knowledge.
• Practise regularly by using Excel for assignments or personal projects.

If you’ve got a knack for numbers, enjoy problem-solving and want to develop a versatile skill set, then a Bachelor of Business in Accounting could be the perfect fit for you. The degree isn’t just about managing finances, it’s about gaining critical skills that’ll help you succeed in a wide range of industries.

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