THE PROSPECT OF ACCOUNTING AS PROFESSION; IMPLICAITON FOR ACOUNTING STUDENTS

ABSTRACT The title of this project is “The prospect of accounting as a profession; implication for accounting students.  The project was written to highlight the prospect of accounting profession, to identify the problems associated with accounting students in their pursuit /of academic certificate and the implications of the problems  for the students. The study aroused the interest of the investigator because he felt that the study of accounting have been impeded with multiplicity of the  factors inhibiting it.  To identify these problems, the research 1.1IntroductionMany people think of accounting as a highly technical field which can be understood only by professional accountants.  Actually, nearly everyone practices accounting in one form or another on an almost daily basisWe live in an era of accountability.  Although, accounting has made sits most dramatic progress in the field of business, the accounting function is vital to every unit of our society.  An individual must account for his or her income,  and must supply personal accounting information in order to buy a car or home to qualify for a college scholarships to secure a credit card, or to obtain a bank loan.  Large corporations are accountable to their stockholders, to government agencies, and to the public.  The federal government, the states, the cities, the school district: all must use accounting as a basis for controlling their resources and measuring their accomplishments. Accounting is equally essential to the successful operation of a business, a university, a polytechnic and a social program.