As an accounting student at Lehigh University, you're embarking on a journey that offers not only a solid foundation in accounting principles but also the opportunity to specialize in a specific area. Choosing the right concentration is like selecting the perfect lens through which you'll view your accounting career. Let's dive deeper into each concentration and explore their unique aspects:
1. Public Accounting Assurance and Tax Services
Overview
- Ideal for: Students with a passion for public accounting and a desire to work with external clients.
- Focus: This concentration emphasizes auditing, tax compliance, and advisory services.
- Career Paths:
- Auditor: Conduct financial statement audits, assess internal controls, and ensure compliance with regulations.
- Tax Consultant: Advise clients on tax planning, compliance, and strategies to minimize tax liabilities.
- Certified Public Accountant (CPA): Prepare for the CPA exam and pursue licensure.
Unique Aspects
- Auditing Skills: In this concentration, you'll delve into the intricacies of auditing, learning how to examine financial records, evaluate controls, and provide assurance to stakeholders.
- Tax Expertise: Gain in-depth knowledge of tax laws, deductions, credits, and tax planning strategies, preparing you to navigate the complex world of taxation.
- Client Interaction: Public accountants often work directly with clients, building relationships and providing valuable insights into their financial operations and compliance needs.
Advanced Opportunities
Lehigh's program offers advanced courses in auditing methodologies, tax planning strategies, and regulatory compliance, providing students with a comprehensive understanding of public accounting practices. Internship opportunities with leading accounting firms allow students to gain hands-on experience in auditing, tax preparation, and client advisory services, further honing their skills and expanding their professional networks.
2. Financial Services and Corporate Accounting
Overview
- Appeals to: Students interested in accounting roles within financial services firms or industrial corporations.
- Focus: This concentration combines accounting expertise with finance knowledge.
- Career Paths:
- Financial Analyst: Analyze financial data, assess investment opportunities, and provide recommendations.
- Corporate Accountant: Manage financial records, prepare budgets, and analyze financial statements.
- Controller: Oversee financial operations within a company.
Unique Aspects
- Finance Integration: In this concentration, you'll explore the intersection of accounting and finance, gaining insights into financial markets, investment strategies, and corporate finance.
- Decision-Making Skills: Develop the analytical skills needed to make informed financial decisions, assessing the financial health of companies and identifying opportunities for growth and optimization.
- Industry Relevance: Lehigh's strong reputation in accounting and finance makes graduates highly sought after by financial services firms and corporations seeking individuals with a deep understanding of financial reporting and analysis.
Advanced Opportunities
Students in this concentration have access to specialized courses in financial analysis, corporate finance, and investment management, providing them with a solid foundation in financial theory and practice. Networking events and internship opportunities with leading financial institutions allow students to gain real-world experience and build connections within the industry, positioning them for successful careers in financial services and corporate accounting.
3. Information Technology
Overview
- Focus: Understand the intersection of technology and accounting.
- Career Paths:
- IT Auditor: Evaluate information systems, assess risks, and ensure data security.
- Business Systems Analyst: Bridge the gap between IT and business needs.
- Data Analyst: Analyze financial data using technology tools.
Unique Aspects
- Tech-Savvy Skills: This concentration equips students with the technical skills needed to navigate the rapidly evolving landscape of information technology, including accounting information systems, data analytics, and cybersecurity.
- Adaptability: With technology playing an increasingly integral role in accounting practices, graduates of this concentration are well-prepared to adapt to technological advancements and leverage them to drive innovation and efficiency in accounting processes.
- Cross-Disciplinary Knowledge: By blending accounting principles with IT concepts, students develop a well-rounded skill set that positions them as valuable assets in today's digital age.
Advanced Opportunities
Lehigh's program offers advanced coursework in IT auditing, data analytics, and cybersecurity, providing students with hands-on experience in using technology tools and methodologies to address complex accounting challenges. Internship opportunities with leading technology firms and accounting departments allow students to apply their skills in real-world settings, gaining practical experience and building a strong foundation for future success in information technology and accounting.
Choosing Your Path
Remember, your concentration shapes your expertise and career trajectory. Consider your interests, speak with professors, and envision where you want to make an impact. Lehigh's accounting program equips you not only for immediate job placement but also for lifelong success. Explore the opportunities available to you, and choose the concentration that aligns with your passions and career goals. With dedication, hard work, and the support of the Lehigh community, you'll be well-equipped to excel in the dynamic and rewarding field of accounting.
