accounting and finance college essay

Sample Personal Statement Accounting and Finance

by Talha Omer, M.Eng., Cornell Grad

In personal statement samples by field.

The following personal statement is written by an applicant who got accepted to several top accounting and finance programs. Variations of this PS got accepted at the University of Michigan, Vanderbilt, and Indiana University. Read this personal statement to understand what a top essay in Accounting and Finance should look like.

Example Personal Statement Accounting and Finance

I have never made popular choices, whether academic or professional. Where high academic achievement irrefutably means pursuing a career in Medicine or STEM, I opted for a career in management. I was free to choose a path for myself, owing to my performance during an extensive pre-induction professional training program. Fortunately, I picked a path that everyone believed was insignificant.

My decision to move to a new city to pursue my path did not receive encouragement. Making my own decisions has given me the freedom to dream and make it a reality. It has strengthened my belief that I am the only one who can bring a difference for myself and those around me. Brazil’s institutions may seem frozen, yet, at the grassroots, Brazil is in perpetual motion with ceaseless creativity. To accelerate this motion, we need to bring better and more affordable solutions; I plan to do that.

Growing up in Brazil, I have constantly questioned why we are still not growing economically despite having abundant resources. I frequently discussed the economic factors affecting us with my father, leading me to work at local NGOs and attend voluntary programs. My interest intensified when I discovered during these experiences that the unequal distribution of resources was a major cause of our economic constriction.

Moreover, our medical, engineering and academic professionals would not work in rural areas due to a lack of facilities, further debilitating the imbalance. It made me realize that we could only reap the benefits of our efforts if there were a proportionate distribution of resources. Realizing how effective mobilization of resources can aid in eradicating social ills, I developed an interest in management. This equipped me with technical knowledge and provided room for opinion building.

Pursuing this path, I joined the leading undergraduate institution in the country. The zeal with which I made this decision led me to graduate summa cum laude. While studying, I taught communication skills to undergraduate business students from rural areas. Meeting these students compelled me to get involved even though I lacked formal teaching training. Through empathy and friendly get-togethers, I was able to help these students conveniently traverse in English. With this experience, I understood that my time and energy had been well spent and that as an agent of change, one does not necessarily need to be exceptional; instead, one requires creativity, patience, and emotional intelligence.

After graduation, I followed through with my goal of facilitating change by joining the banking sector as an accounting and finance trainee. By working in Brazil’s most vital financial sector, I was exposed to diversified experiences, from being as simple as issuing customer chequebooks to designing accounting and credit proposals to the tune of USD 1.2 billion. Furthermore, while working on individual projects, I developed an in-depth understanding of international accounting rules that regulated trade transactions; the learning opportunities were immense.

Two and a half years of experience in the finance sector brought me to work for the country’s central bank. The anxiety that accompanied moving away from home for the first time was overwhelmed by my professional and personal growth. Nine months of extensive training and on-the-job assignments exposed me to interminable learning opportunities. However, my real gain has been in the form of self-improvement and growth that accompanied my first experience living independently. Leaving the protective living that I enjoyed with my family is challenging, but it has developed and strengthened my capabilities of taking and owning my decisions. Above all, knowing that my family is not always around to guide me has instilled in me a greater sense of responsibility.

During the two a half years of experience in accounting and finance, I observed the financial exclusion experienced by some important yet financially constrained sectors of the economy. This exposure motivated me to join the Development Finance Department upon my appointment to the country’s central bank. Moreover, most of the firms operating in any country of the world are either small or medium enterprises. Thus, providing an enabling environment to such enterprises is significant for economic growth and employment generation.

In Brazil also, 90 percent of the enterprises are small and medium-sized, and lack of access to formal sources of finance is a significant impediment to these enterprises’ growth. Therefore, a huge room for improvement is available concerning the development of policy framework and market infrastructure for the financial inclusion of this sector. As a part of the central bank, I have been allowed to intervene in a system that is not effectively performing its role of financial intermediation. Innovation in financial products, development of accounting and risk mitigation strategies are requirements to alleviate this segment’s financial exclusion.

By broadening my exposure and enhancing my knowledge, I aim to equip myself better to address the shortcomings of one of the critical segments of the economy.

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Accounting and Finance Personal Statement (Hoi Lee Yang)

Hoi Lee Yang is currently studying Bsc Accounting and Finance at the London School of Economics and Political Science, and is graduating in 2021. This personal statement was part of his successful application to LSE, University of Warwick, University of Bristol and Durham University for Accounting and Finance.

As a child, I was enamoured with the same questions that would have plagued any questioning child’s mind. Like any aspiring engineer or doctor or lawyer, I yearned to know more about how the world, in all its intricacy and sophistication, functioned. I savoured my opportunities to learn about the breakthroughs of physics in creating our modern comforts, and relished the study of history: of how every nascent today is inextricably linked to past events. I have been thrilled by the knowledge of anatomy, learning so intently about what I was, and how I functioned. Despite all this, the world appeared insistent in showing me that the true key to understanding its machinations lay not in any of these fields. The surest way to make sense of the world, it seemed, was in a certain field without which all human activity would not function. It manages us, as much as we try to manage it: money.

I am interested in accounting and finance due to its sheer ubiquity. I realise that every economic entity, from the big corporations and governments down to local sundry shops or even households, relies on the management of finances and planning for the best future outcome. Accounting has always been a deep-rooted industry, charting a colourful history from the clay envelopes used for bookkeeping in 5000 BC Mesopotamian temples, to the double-entry ledgers of Medieval Venice. Regardless of what general perception might contend, though, I am convinced the field of accounting is also one of growth and vibrancy. Looking to the recent proliferation of financial technology, or Fintech, I am particularly keen to follow the advances in the field as I make my journey into accounting at university.

March 2017 saw HSBC, Europe’s largest bank, partner up with an online commerce platform, Tradeshift, to offer an online alternative for financing and paperwork. This is part of a broader phenomenon of big finance companies collaborating with Fintech startups not just in the UK, but around the world. On the ground, we see the business world evolve, just as it did when manufacturing first took root in the Industrial Revolution. A KFC outlet in Beijing now accepts payment through facial recognition, and the Singapore government is working on a standardised QR code system for all monetary transactions. Bitcoin, despite price volatility and initial hostility from banks had, by the end of August 2017, octupled its market value in a year, pointing to its increasing use as a medium of transaction. Other cryptocurrencies like Ethereum and Litecoin also follow suit. At university, I am eager to refine my knowledge of the current framework of finance, and alongside a group of equally-curious peers, enrich myself with a better understanding of how the status quo will adapt to these technological advances.

I am drawn to accounting and finance due to the promise of challenge, not only arithmetically but also in tackling complex problems. A-Levels also marked my first exposure to the world of Economics, allowing me to enrich my understanding of accounting with a background context in how the business world worked. The course compelled me to pick up books such as Daron Acemoglu’s ‘Why Nations Fail’, which intrigued me with the idea that governments must strive to maintain inclusive economic activity that incentivises every party to work hard. The copious examples of failed civilisations which could not ensure a reward for parties to take risks and adopt new technologies had also sparked my interest in management, realising how similar the running of businesses are to that of entire civilisations.

I feel I am a dynamic, curious and highly-motivated student who is very excited about the prospect of studying Accounting & Finance at a first class university in the UK. I eagerly look forward to the challenges I will face on an academically rigorous and complex course. And hopefully by the end of my degree, the machinations of the world will be a little less elusive.

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I believe that reading such books and magazines has given me insight into topics not covered at school, for example how Japanese management in Chinese factories caused unrest among the workforce due to the Chinese workers' dislike of the Japanese management style, and how this affected the share price of companies such as Honda.

Reading about such things has made me realise how the subject of Finance and the economy affects everybody's lives, and has strengthened my desire to further study the subject.

The A-level subjects I am studying give me a firm foundation for studying Finance at University. Business Studies at A-level has greatly improved my analytical and writing skills.

I have particularly enjoyed the part of the course which concerns how a firm selects financial strategies and how managers choose which aspect of a firm needs the most investment.

German has improved my communication skills and self-confidence and has also made me more appreciative and open to other cultures.

Alongside the logical method of thinking that I have developed from Mathematics at A-level, I believe that I am well prepared to take on a degree course in Finance at University.

My part-time job as a receptionist at a sports and leisure club has given me some insight into the demands of working life. Having worked there since May, I now feel I am an able employee and because of the nature of the job. I have learned how to communicate with colleagues, my employer and of course, customers.

I often have to work alone so I have learned to use my own initiative and how to be independent - skills which are of paramount importance if I want to work in the financial industry.

Since the age of eleven, a hobby and a major interest of mine is Brazilian Jiu-Jitsu. This year I won the Welsh Open under 18 absolute division and in 2010 I won a silver medal in the under 18 lightweight division in the European Championships.

My previous successes include being the team captain for the Indonesian National Children's team, where we won the Pan Asian team Championships, beating The Philippines in the final. Balancing my academic life with the rigours of playing a sport at such a level has been very challenging at times.

The weeks and months leading up to a major competition are usually pretty stressful, but, as I have now been through the experience many times, I have learned how to deal with immense pressure - and how to enjoy the success which comes afterwards!

In addition to this, I have learned about commitment and dedication as well as honour and how to handle a major loss, and also how to remain humble in victory. The things I have learned from Jiu-Jitsu will help me throughout my life; not only during University, but during my career and long afterwards.

I am taking a gap year so I can earn some money in order to travel and to pay for some of the costs of university. I intend to keep my job as a receptionist and also to take on some teaching at the sports and leisure club and, when I have enough money, I am planning to travel around Europe and South America.

I believe this experience will be worthwhile as I will come to university with greater maturity after experiencing other cultures.

A possible career option is to do something involved in banking or investments - I certainly hope I will never have to wash another car again!

Profile info

This personal statement was written by oioi for application in 2013.

oioi's university choices University of Bristol Brunel University Cardiff University City University The University of Manchester

Green : offer made Red : no offer made

Related Personal Statements

Grades and offers.

Fri, 14/09/2012 - 11:34

What grades did you get at AS and what were your offers?

Sat, 15/09/2012 - 19:19

what were your prediction grades????? please

My predicted grades were AAB

Tue, 25/09/2012 - 01:12

what are ur predicted grade??

Thu, 01/11/2012 - 23:41

Fri, 16/08/2013 - 19:58

What did you achieve in AS ?

I love this PS, i love your

Wed, 04/09/2013 - 10:28

I love this PS, i love your first sentence, i want to use it

what grades did you achieve

what grades did you achieve in AS please? :)

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Home / Essay Samples / Business / Management / Accounting

Accounting Essay Examples

An essay about accounting serves as a means to explore the principles, practices, and significance of accounting in the world of business and finance. The purpose of such an essay is to provide insights into how accounting functions as a vital tool for tracking financial transactions, making informed decisions, and ensuring the transparency and integrity of financial reporting. Essays on accounting shed light on the complexities and implications of this discipline, while also highlighting its role in shaping economic systems and business operations. Exploration of Accounting Principles in Accounting Essay Topics One of the primary goals of an essay about accounting is to delve into the fundamental principles that underlie accounting practices. This involves discussing concepts such as the accrual basis of accounting, the matching principle, revenue recognition, and more. Essays on this topic aim to explain how these principles guide financial reporting and decision-making. Essays about accounting often focus on the process of financial reporting, including the preparation of financial statements such as the balance sheet, income statement, and cash flow statement. These essays explore how accurate and transparent financial reporting is essential for stakeholders to assess a company’s financial health. Accounting plays a crucial role in aiding business decision-making. Essays in this field can discuss how financial data and reports help businesses evaluate profitability, assess risks, and make informed strategic decisions. These essays showcase how accounting information impacts various aspects of business operations. Tips for Writing an Essay About Accounting:

Choose a Focus: Select a specific aspect of accounting to explore, such as a particular principle, concept, or its role in a specific industry. Thesis Statement: Begin with a clear thesis that outlines the main topics or questions your essay will address. Explain Concepts: Ensure that you provide clear explanations of accounting concepts for readers who may not be familiar with the subject. Real-World Examples: Use real-world examples and case studies to illustrate the application of accounting principles. Consider Ethical Implications: Discuss the ethical considerations that accountants face, such as the importance of honesty and integrity in financial reporting. Address Current Trends: Explore how technological advancements are impacting the field of accounting, such as the use of AI and automation. Cite Sources: Properly cite sources to support your arguments and provide credibility to your essay.

An accounting essay provides a window into the intricate world of financial management and reporting. By analyzing principles, practices, and real-world applications, these essays contribute to a better understanding of the crucial role that accounting plays in shaping business decisions, financial transparency, and the overall health of economic systems.

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