SchoolLevelProgramAdmissions

Fairleigh Dickinson University

MasterMaster of Science in AccountingWebsite

Seton Hall University

MasterOnline Master of Science in AccountingWebsite

Georgetown University

MasterMaster of Science in FinanceWebsite

Eastern Oregon University

BachelorBachelor in AccountingWebsite

Illinois College

BachelorBA in AccountingWebsite

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SchoolLevelProgramAdmissions

University of West Alabama

BachelorBachelor of Business Administration: AccountingWebsite

Benedictine University

MasterMaster of Science in AccountancyWebsite

Point University

AssociateAssociate of Arts in AccountingWebsite

American University

MasterMaster of Arts in EconomicsWebsite

Aurora University

BachelorBA in Business AdminsitrationWebsite

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SchoolLevelProgramAdmissions

Babson College

MasterMaster of Science in FinanceWebsite

Benedictine University

MasterAccelerated Masters in Business AdministrationWebsite

Benedictine University

MasterAccelerated MSMOBWebsite

Benedictine University

BachelorBachelors in ManagementWebsite

Brescia Univerisity

BachelorBS in AccountingWebsite

Brescia Univerisity

CertificateCertificate in AccountingWebsite

Campbellsville University

BachelorBS in Business Administration: Accounting EmphasisWebsite

Campbellsville University

MasterMBA AccountingWebsite

Concordia University - Nebraska (CUNE)

MasterMBAWebsite

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Accountant

“Accounting is the language of business.”

That adage has graced many introductory accounting course notes and while it might seem like just a cute and contrite way to get a reader’s attention, it hints at the great variety of what accountants do.  To continue the metaphor, imagine that a hospital, a trucking company, a hair salon, a tool and die manufacturer and a consulting firm are having a conversation.

First question:  Does that really happen?  In fact, it happens all the time!  Businesses of all kinds, shapes and sizes constantly interact in product, service, labor, management, finance and regulatory markets.  They engage in trade, makes sales, hire workers, attract financing, make investments and pay taxes to and from similar pools of resources.

Second question:  What language do they speak?  It is not good enough to say that they speak English, French or Swahili because how does an X-ray image compare to a coupe de cheveaux (French for “haircut”) or gari (Swahili for “car”)?

Accounting is considered the language in which businesses speak because it:

  • provides a standardized vocabulary for an ever-expanding variety of economic transactions (“revenue,” “selling expenses,” “cost of goods sold”, “inventory”, “assets,”…),
  • defines grammatical rules for the treatment of those transactions (“Generally Accepted Accounting Principles,”…) and
  • establishes literary forms for the presentation of aggregated economic information  (“The Balance Sheet,” “The Income Statement,”…)

In that way, accounting is journalism for economic activity.  Clear, descriptive, purposeful and reliable journalism helps communicate what is going on in the world.  Similarly, clear, descriptive, purposeful and reliable accounting helps communicate what is going on in a business.  No matter what your business activity (i.e. helping patients, shipping goods, cutting hair, manufacturing, consulting), good accounting will help you communicate with your stakeholders (employees, customers, suppliers, owners and community) to get the resources you need to successfully operate your business (labor, sales, purchases, financing, public goods).  On the other hand, bad accounting, or bad economic communication, might prevent you from getting the resources you need to succeed.

What is a good business idea without accounting?  The same thing as a good story idea without a language:  Just an idea.

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