Basic Accounting

Written assignment unit 1

BUS 1102-01
The Career Paths of Accounting

Accounting has a variety of different paths that an accounting degree can guarantee for its
holder. And some of the careers that it offers are entrepreneurship, auditing, taxation,
financial accounting, consulting, information systems, financial planning, and managerial
accounting. Every accounting student can choose from these career paths based on their
talent, knowledge, and what they are interested in.

The Career Path That I would Choose and Why

Entrepreneurship is the type of career I would choose. This path offers me the freedom to be
creative and the ability to decide what to do and when, which is why I pick it. Because I have
a desire for developing solutions for the community, this path will be my greatest option. It
also has the additional benefit of having no upper limit for professional progression.

Salary, Growth Rate, and Future Job Outlook

When it comes to salary, an entrepreneur's paycheck will vary depending on their ability to
make revenue and how their business is performing, and that means entrepreneurs can get
any number you can think of, from $0 to whatever number you could think of. But here is a
study that shows the average salary of entrepreneurs in the year 2020: "an entrepreneur's
salary yourself. An American Express survey found that the average entrepreneur's salary is
just $68,000, down slightly from the previous year. According to Payscale, that number is
closer to $72,000." (Wood, 2020). Entrepreneurship is growing day after day and it was the
foundation stone for many of the huge businesses that we see everywhere today, such as
Apple, Amazon, and Microsoft. All of them started as a vision of an entrepreneur. The down
side of this route is that the risk is fairly high and it is not always a guaranteed way to earn
money. In other words, you are on your own.
Current Job Posting

Since entrepreneurs are self-employed and they are form of freelancer. there is no such a
thing entrepreneurship job opportunity.

Conclusion
in conclusion entrepreneurship is a good way to work with no limits but with a high risk of
failure that good end someone's career, and ruin his financial status.

References

Wood, M. (n.d.). The Entrepreneur salary: Decide how much to pay. NerdWallet. Retrieved
June 23, 2022, from https://www.nerdwallet.com/article/small-business/entrepreneur-
salary
Franklin, M. Graybeal, P. & Cooper, D. (2020). Principles of accounting, volume 1:
Financial accounting. Open Stax Rice University.
https://openstax.org/details/books/principles-financial-accounting.

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