Benefits of an Accounting Degree for Entrepreneurs

Dana Finegold, co-owner of JD Fine & Company, earned her bachelor’s degree in accounting from the University of California, Santa Barbara. Dana Finegold has since leveraged this degree to optimize her company’s efficiency and drive its continuing success.

While a number of business-related degrees can grant aspiring entrepreneurs the skills they need for success, a degree in accounting is often one of the most foundational. To begin, a healthy financial base supersedes all other requirements for a successful organization. Accounting majors learn all aspects of money management, as well as the organizational ability needed to track a business’ finances.

Furthermore, as stated by the New Jersey Society of Certified Public Accountants, those trained in accounting develop a general business skill applicable to numerous other corporate roles. The coursework of the accounting major encourages the development of discipline and goal-oriented thinking, skills that are both necessary to the growth of the developing business. Furthermore, accounting courses require a student and ultimately a professional to think in both the small and the large scale. This particular skill may be the most fundamental for any business owner, particularly the owner of the new organization, who must be able to attend to day-to-day operations as well as an ever-developing future plan.