Master in Professional Accounting Admissions Blog

Insider Information for Prospective Texas McCombs MPA Students

Tag: accounting and finance

Is Accounting the Right Fit for You?

If you enjoy working with numbers and analyzing data but also love solving problems and communicating outcomes, accounting may be the perfect fit for you. Accountants determine the financial position of a company so that it can make forecasts about the future and manage risk. They prepare budgets and forecasts, analyze expenditure and revenue and identify where a company can save money or afford to spend more money. Sitting behind a desk all day crunching numbers is a common misconception! In reality, accountants have a variety of roles and responsibilities such as presenting financial information to management, providing financial advice to clients, or investigating fraud.

VARIETY OF JOB OPPORTUNITIES
Accountants are needed in every organization and every industry, from large corporations to small start-up companies and nonprofits, high-tech companies, the energy industry, sports organizations, the entertainment industry – you name it!  Accounting skills are beneficial in a variety of fields such as public accounting, investment banking and financial consulting.

STABILITY AND GROWTH
Accountants are in high demand despite fluctuations in the economy. According to the Bureau of Labor Statistics, globalization, a growing economy, and a complex tax and regulatory environment are expected to continue driving a strong demand for accountants. The field provides job security and skills that translate across industries and geographic regions.

TRANSFERABLE SKILLS
Successful accountants require a variety of skills and knowledge such as:

  • Budgeting, forecasting, financial statement preparation
  • Ability to analyze data
  • Proficiency in accounting software
  • Communication skills
  • Leadership ability
  • Organization skills
  • Ability to think critically and problem-solve

These skills, along with many others, are gained while earning an accounting degree and continue to develop as you move up in the workplace.

UPCOMING INFO SESSIONS
Want to learn more about the Master in Professional Accounting degree program at Texas McCombs? Join us for an upcoming virtual info session!

REGISTER NOW

Three Steps to Better Investing

Advice on selecting mutual funds, listening to CEOs, and considering climate change, courtesy of Texas McCombs research, including our very own accounting professor Jeff Hales.

Better Investing
If you’re looking to make better investment decisions, it’s a good idea to listen to the experts. And who’s more of an expert than a business researcher who studies investing and the stock market.

With that in mind, consider applying these practical research findings from Texas McCombs to your investments:

Seek low taxes on mutual funds. A study by finance professor Clemens Sialm showed that funds with lower tax burdens had higher-than-average returns. That’s why Sialm urges fund shoppers to look beyond past performance and check out taxes as well. “You have to dig deeper in the prospectus, but the information is there,” he says. Research websites such as Morningstar can help. They list the taxable distributions along with the performance of a fund.

Bet on big-talking CEOs. When executives use extreme language on quarterly earnings calls — words such as “astonishing,” “incredible,” and “exceptional” — it can benefit capital markets, according to research from accounting professor Jeff Hales. For executives who speak in superlatives, their words can produce a stronger reaction in stock prices, increased trading volume, and adjusted analyst forecasts. CEO language can even foreshadow a company’s future earnings.

Read the entire article on Big Ideas.