Accounting Counts

Why Take High School

Accounting?

Mrs. Welsh
August, 2014
 Accounting and Business
Majors
by the numbers

Four of the top ten most profitable college

majors are business related
Average Starting
Salary
Accounting $46,000
Economics/Finance $45,000
Business Administration
$39,000
Marketing
$35,000
 Accounting and Business
Majors
by the numbers

1 in 5 college students are business majors

226,000 new jobs are expected over the next

decade in Accounting

In 2007, CPA firms increased their hiring by

83%

Hiring in the accounting profession has

remained strong despite the overall
downward trend in US jobs growth
Why the increased demand for
Accountants?

Increasing number of new businesses

Changing financial laws

Corporate governance regulations

Sarbanes Oxley Act

Ripped from the Headlines
Forensic Accounting

Wesley Snipes Gets 3 Years for Not

Filing Tax Returns
The increased focus on and numbers
of financial crimes such as tax
evasion, embezzlement, bribery, and
securities fraud has increased the
demand for forensic accountants.
 Did You Know?

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.
So what does this have to do
with taking high school
Accounting?

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.
What will you learn and do in
high school Accounting?

Understand the language of business

Analyze business transactions
Prepare and analyze financial documents
Research business topics on the Internet
Use spreadsheet software
Analyze Financial
Information
Best Buys
Fiscal Revenue Mix
What if I am not going to be a
business major?

Many colleges and universities are requiring

non-business majors to take a course in
managerial accounting:
Interior Design
Architecture
Engineering
 Want to Own Your
Own Business?

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.
Why is high school Accounting
for everyone?

Learn skills that employers need all employees

to possess:
Problem solving
Critical thinking
Organization, accuracy, and integrity
Business ethics
Technology
Why is high school Accounting
for everyone?

Personal applications learned in Accounting:

Budgeting
Payroll
Investments
Taxes
Banking
 Final Thoughts . . .

Welcome to Accounting at Clinton High

School
I truly believe that you will learn lots of
useful stuff in this class and might even have
some fun along the way!
Welcome!