Why Take High School Accounting?

Business majors were projected to see the most job offers in 2012.

Of the 194 employers surveyed, 83 percent said they plan to hire bachelor's in business grads in 2012.

Source: 2012 National Association of Colleges and Employers' (NACE) Job Outlook 2012 survey

Business-related fields account for slightly over 20 percent of all undergraduate degrees in the United States, the most popular field of study. Source: New York Times.

The most popular major group is business, accounting for 25 percent of all students. Census data report by Georgetown University in Washington.

Business Degree #1 Accounting Business Degree #2 Human

Resources Business Degree #3 Business Admin. Business Degree #4 Marketing Business Degree #5 Management

Information Systems

http://education.yahoo.net/articles/best_majors_for_business_careers.htm

Indiana University at Bloomington estimated average salary of 2009 business majors working in

Average salary Accounting $51,871 Finance $52,127 Management $48,756 Marketing $44,665 Operations/supply chain management $48,826 Information and process management $53,397 Business economics and public policy $53,600

http://www.ehow.com/facts_6972977_average-salary-business-major.html#ixzz2MmkqLyen

Source: PayScale.com

The Department of Labor and Statistics predicts employment of accountants and auditors will grow faster than average for all occupations through the year 2016. 

Increasing number of new businesses Changing financial laws Corporate governance regulations Sarbanes Oxley Act of 2002 Economy will continue to expand

around the globe

Source: http://www.startheregoplaces.com/why-accounting/salary-and-demand/

Wesley Snipes—3 years in prison for not filing tax returns

Nicholas Cage—$6 million IRS charge in 2009 because of poor financial management

Marc Anthony—$5.5 million in back tax debt Martha Stewart—Insider trading

The increased numbers of financial crimes such as tax evasion, embezzlement, bribery, and securities fraud has increased the demand for forensic accountants.

Phil Knight, Founder and Chair of Nike, is a CPA.

Donald Trump majored in Economics.Arthur Blank, co-founder of Home

Depot and owner of the Atlanta Falcons, is a CPA.

Business majors are required to take at least one, usually two, college accounting courses.

Studies show that students who take high school accounting are more successful in college accounting.

Decide if you are interested in business, finance, and accounting before college.

Understand the language of business.

Analyze business transactions.Prepare and analyze financial

documents.Research business topics on the

Internet.Use spreadsheet software.

People skills highly valuedEmployers want new hires to

demonstrate elevated soft skills: work effectively across departments build rapport with colleagues and clients clearly explain complex financial

information to a variety of stakeholders

Source: Georgetown University Census Study

Nike’s Annual ReportFinancial Information on a Spreadsheet

= Liabilities

Cash +Accts. Rec. + Supplies +

Prepaid Insurance = Accts. Pay.

1,400.00 + 0.00 + 300.00 + 400.00 = 1,500.00-100.001,300.00 + 0.00 + 300.00 + 400.00 = 1,500.00

200.001,500.00 + 0.00 + 300.00 + 400.00 = 1,500.00-500.001,000.00 + 0.00 + 300.00 + 400.00 = 1,500.00

895.00

Assets

Many colleges and universities are requiring non-business majors to take a course in managerial accounting: Interior Design Architecture Engineering

All businesses need to keep accounting records.

Entrepreneurs must understand the business/profit motive.

Understanding accounting concepts help Entrepreneurs problem solve and make sound business decisions.

Learn skills that employers need all employees to possess: Problem solving Critical thinking Organization, accuracy, and integrity Business ethics Technology

Personal Applications learned in Accounting Budgeting Payroll Concepts Investments Taxes Banking

Make your elective choices “count.”

Accounting counts—for everyone!