What is Economics-Accounting?
Accounting provides the means for organizing, summarizing and interpreting information about economic activities within companies and organizations. Managers, lenders, analysts, and investors use this information. Accountants play a critical and ever-changing role in this process by providing relevant information to decision-makers and by acting as advisors in its interpretation. Accountants are needed within business organizations to provide information to business managers and to control business operations. Accountants can also work independently of businesses as public accountants providing management services, taxation advice and independent audit service, which lend credibility to financial and other information.
At UCSB, the Department of Economics places a special emphasis on accounting in the context of the study of economics. Economics-Accounting majors experience a rigorous series of courses in financial management, intermediate accounting, advanced cost/managerial accounting, and accounting information systems. The major helps students prepare for the American Institute of Certified Public Accountants (CPA) Uniform Examination. Historically, UCSB accounting students have achieved a high degree of success on the CPA exam. The student’s experience in accounting is formally acknowledged in the name of the major and on the student’s official transcript, for recognition by potential employers.
How Can I Tell If I Would Like Economics-Accounting?
Accounting majors enjoy business mathematics and the role accounting systems play in a modern business or governmental agency. Accounting requires an in-depth knowledge of how accounting systems are structured and implemented. Understanding these systems requires an ability to focus on details, remember the many federal and state laws that control such systems, and a broader view of how business organizations function. Accounting courses present an above average challenge in the amount of work they require. The accounting firms that hire many, but certainly not all of these majors, seek students with high grade point averages. Accounting majors may enjoy reading business magazines or articles, politics, learning strategies for business success, and applying mathematics to practical problems.
What Are Potential Topics Within This Major?
Although the following list can provide students with topics that may be covered in this major, look at the UCSB catalog and consult with the undergraduate advisor for more detailed information about requirements and course offerings.
- Financial Accounting
- Business Law and Ethics
- Public Finance
- Forensic Accounting
- International Accounting
To learn more about whether you might enjoy this major, check with a peer in the Career Resource Room for details on:
- Focus 2 to explore college majors and careers.
- The Strong Interest Inventory®, an assessment that compares your interests against six broad categories of work. This assessment helps match your interests and suggests potential careers to explore.
What Can I Do To Make My Major More Marketable?
- Pursue relevant work, internship, volunteer, and/or research experience.
- Choose a complementary minor.
- Specialize in an area; take courses in related fields.
- Develop your computer skills.
- Learn a foreign language.
- Study abroad.
- Join professional associations.
- Get involved in student clubs.
- Participate in community organizations.
- Seek out leadership positions.
- Research specific prerequisites for different positions.
- Network with others in fields that interest you.
What Are Some Possible Career Options?
Note: On its own, your major does not dictate what your job will be. The following list provides only a handful of possibilities. Economics-Accounting majors with strong liberal arts background may pursue career options in many fields. Depending on experience, specialized coursework, and possible graduate study options include:
- Financial Representative
- Natural Resource Manager
- Industrial lawyer
- Operations Researcher
- Business Administrator
- Certified Public Accountant
- Computer Systems Analyst
- Credit Manager
- Purchasing Agent
- Tax Accountant
- Tax Attorney
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