My Interest in Studying Accounting and Finance

My love for accounting began in primary school as I learned how to play with numbers through addition, subtraction, multiplication, and division. Coupled with my early interests in numbers and computations, my passion for accounting and finance as a career was enhanced by the people that surrounded me. My mother, an accountant by profession, influenced my interest in accounting. She often nurtured my understanding of mathematical computations by teaching me formats such as the income statement and marginal costing statement and how to formulate such documents. This sparked my interest as to how businesses are run, regarding how to run a profitable business. Motivated by my mothers’ omniscience on matters accounting, a career in accounting and finance appeared certain. In addition to this, after spending time with my cousin who is CFO at trophy foods in Toronto, he has shown me the importance of analysing previous financial periods and data, in order to construct viable strategies to expand the business in the future.

Furthermore, I have had the chance to shadow a professional in an accounting and finance environment which has increased my desire for a career in accounting and finance. Later on, I volunteered as a café assistant at Leicester Royal Infirmary RVS Café, where I was tasked with stock management, petty cash management, and processing of financial transactions through the tills. Following this, I secured a job as a taxi controller whereby I currently direct and communicate with customers and our driver fleet to ensure bookings are fulfilled. As well as this, my role involves adjusting prices to accommodate for inflation during busy periods such as rush hour, whilst still maintaining a lower fare than our competitors (surge pricing). Due to our small fleet, this role has taught me time-management, planning and analytical skills, which are imperative to ensure that our business consolidates its reputation of being affordable and punctual. Moreover, I have learned how to communicate to customers using a sophisticated demeanour, which would be useful when discussing reports with clients. Also, these skills would be applicable to the accounting industry to ensure deadlines are met e.g. with the preparation of financial documents in order to stay in accordance with international accounting standard 1.

My interest in accounting and finance is fuelled much by my goal to become a successful investor and a reliable investment consultant. Based on my observations, although every human being desires more money, not every investor reaps benefits out of their investments. In fact, the majority of the investors are clueless about the necessary accounting knowledge. Therefore, most of them lose a significant amount of capital while only a few succeed. This group of winners is commonly referred to as smart investors and is the group I desire to be a part of; those whose success in investments is not defined by sheer luck.

The most recent impacts of the political macroeconomic turn of events, like Brexit, have significantly impacted the finance industry hence making smart investment vital. Most investors encountered losses and other business-related problems hence the need for investors and potential investors to acquire accounting and finance knowledge. This knowledge in accounting and finance would give me the ability to read, understand, interpret and apply complex financial statements in the most prudent way possible to solve financial problems and make profits out of investments. This is the core reason for my interest in accounting and finance; it will enable me to become a successful investor and offer both quality and reliable investment advice to clients. What better way to achieve my desires than to gain relevant accounting and financial knowledge?

In conclusion, I am assured that a degree in accounting and finance will enable me to achieve my dreams of being a successful investor. I am eager to broaden my accounting and finance knowledge, face, and solve related problems that would steer me towards my ultimate goal and objective of this course.