how to write an accounting and finance personal statement

Your Friendly Guide to the Key Accounting 3 Statements Explained

Master the accounting 3 statements learn balance sheets, income statements, and cash flow with our friendly guide., getting the hang of financial statements, what are financial statements.

Financial statements are like the report cards of a business, showing how it’s doing over a certain period. They tell you if a company is making money, paying its bills, and staying in the black ( Yeshiva University ). The big three are:

• Income Statement
• Balance Sheet
• Cash Flow Statement

Each one gives a different piece of the puzzle, but together, they paint a full picture of a company’s financial health ( Investopedia ).

Why Bother with These Statements?

If you’re into accounting or just want to know if a company is worth your time and money, these statements are your best friends. Here’s the lowdown on each:

Income Statement : Think of this as the scorecard for a specific period. It lists all the money coming in (revenue) and going out (expenses). The bottom line? Net income, which tells you if the company is making a profit. Curious for more? Check out our accounting 101 pdf .

Balance Sheet : This one’s like a snapshot of the company’s financial standing at a particular moment. It lists what the company owns (assets), what it owes (liabilities), and what’s left over (equity). Want to see an example? Peek at our accounting balance sheet example .

Cash Flow Statement : This shows where the cash is coming from and where it’s going, covering operations, investments, and financing. It’s all about how well the company handles its cash. Dive deeper with our accounting 3 way match .

When you put these statements together, you get a clear view of how efficiently a company is running, how well it’s managing its assets, and how it’s structuring its capital ( Investopedia ). They’re essential for making smart business decisions and figuring out if a company is on the right track. For more on how these statements fit together, check out our accounting made simple guide.

The Balance Sheet

The balance sheet, also known as the statement of financial position, is a key financial document that shows a company’s assets, liabilities, and shareholders’ equity. It follows the basic formula: assets = liabilities + equity ( Investopedia ).

What’s Inside a Balance Sheet?

A balance sheet has three main parts: assets, liabilities, and shareholders’ equity. Each part gives a peek into the company’s financial health.

Assets : These are things the company owns that can bring future benefits. Assets are split into current assets (like cash, accounts receivable, inventory) and non-current assets (like property, equipment, long-term investments).

Liabilities : These are what the company owes. Liabilities are divided into current liabilities (like accounts payable, short-term loans) and non-current liabilities (like long-term debt, deferred tax liabilities).

Shareholders’ Equity : This is what’s left for the owners after all debts are paid. It includes common stock, retained earnings, and additional paid-in capital.

How Assets, Liabilities, and Equity Work Together

Knowing how assets, liabilities, and equity relate helps you understand a company’s financial standing. The balance sheet must always balance, meaning total assets equal total liabilities plus shareholders’ equity ( Corporate Finance Institute ).

This balance ensures the balance sheet gives a clear picture of the company’s financial status at a specific time, showing its ability to handle short-term and long-term obligations ( Yeshiva University ).

For more details on making and understanding balance sheets, check out our resources on accounting balance sheet example and related topics like accounting 5 principles and accounting 5 types of accounts . These resources can boost your accounting knowledge and offer practical tools for better financial analysis.

The Income Statement

The income statement is your go-to financial report for a snapshot of a company’s revenue, expenses, and net income over a set period. Think of it as the report card for a business’s profitability and financial health. Let’s break down the key parts of an income statement: revenue, expenses, and net income.

Revenue and Expenses

Revenue, also known as sales or turnover, is the total cash a company rakes in from selling goods or services. It’s the starting point of the income statement. Expenses, on the other hand, are the costs a company incurs to generate that revenue. These expenses can be broken down into several categories:

• Cost of Goods Sold (COGS): The direct costs tied to producing the goods a company sells.
• Operating Expenses: These include selling, general, and administrative expenses (SG&A), like salaries, rent, and utilities.
• Depreciation and Amortization: The gradual write-off of the cost of tangible and intangible assets over their useful lives.
• Interest Expenses: Costs from borrowed funds.
• Tax Expenses: The taxes owed to the government.

Here’s a simple table to illustrate:

Calculating Net Income

Net income, often called the “bottom line,” is the final figure on the income statement. It’s what you get after subtracting all expenses from total revenue. Net income shows how profitable a company is after covering all its costs.

The formula to calculate net income is:

Using the numbers from the table above:

Understanding the income statement is key to analyzing a company’s profitability and making smart financial decisions. It’s also linked to other financial statements like the balance sheet and the cash flow statement, giving you a full picture of a company’s financial performance. For more on how these statements connect, check out our article on linking income statement to balance sheet .

If you’re keen to boost your accounting knowledge or explore accounting courses part-time , we’ve got plenty of resources for you.

The Cash Flow Statement

The cash flow statement is like a financial x-ray, showing where a company’s money is coming from and where it’s going. It’s split into three parts: operating activities, investing activities, and financing activities.

Operating Activities

This part shows the cash made or spent from the company’s main business. It adjusts net income for non-cash items and changes in working capital, giving a clear view of daily cash flow.

Here’s how it breaks down:

• Net Income: The profit from the income statement.
• Depreciation/Amortisation: Non-cash costs added back in.
• Changes in Working Capital: Adjustments for changes in current assets and liabilities.

Investing Activities

This section covers cash spent or received from buying or selling long-term assets like equipment or investments.

Examples include:

• Purchase of Equipment: Money spent on new machinery or tech.
• Sale of Investments: Money earned from selling stocks or other investments.

Financing Activities

This part deals with cash flows from borrowing or repaying money, and transactions with shareholders.

Key points here are:

• Issuance of Shares: Money from selling new shares.
• Repayment of Loans: Money spent paying off debt.
• Dividends Paid: Money given to shareholders.

The cash flow statement ties in with the balance sheet, giving a full picture of a company’s financial health. For more details, check out our resources like accounting 101 book and accounting handbook and study guide .

Knowing how to read each part of the cash flow statement helps you see if a company can generate cash, invest wisely, and stay financially stable. This is key for judging a company’s performance and making smart financial choices. For more info, take a look at our article on accounting balance sheet example .

How Financial Statements Connect

Grasping how the three main financial statements tie together is a must for anyone dabbling in accounting or finance. Let’s break down how the income statement, balance sheet, and cash flow statement are all buddies in the financial world.

Income Statement Meets Balance Sheet

Your net income from the income statement finds its way to the balance sheet as retained earnings in stockholders’ equity. Retained earnings are basically the company’s piggy bank, showing cumulative profits after accounting for dividends.

Here’s a quick example to make it clear:

So, if you made $10,000 in net income, had $50,000 in retained earnings from before, and paid out $2,000 in dividends, you’d end up with $58,000 in retained earnings on the balance sheet.

Cash Flow Adjustments

The cash flow statement is like the referee, making sure everything balances out. It adjusts net income for non-cash expenses and tracks cash coming in and going out, showing how cash changes over time.

For instance, if you buy new equipment, it bumps up the Property, Plant, and Equipment (PP&E) account on the balance sheet but doesn’t show up on the income statement directly.

Here’s a table to show how different activities link the statements:

Knowing these connections helps you see the big picture of a company’s financial health. For more on financial ratios and evaluating company performance, check out our section on practical applications.

Practical Applications

Getting the hang of the accounting 3 statements is a game-changer for anyone diving into accounting and finance. Let’s break down how to use financial ratios and assess company performance with these key statements.

Using Financial Ratios

Financial ratios are like the Swiss Army knife for analysts. They help you gauge a company’s performance, efficiency, and financial health. These ratios come from the three main financial statements: the balance sheet, income statement, and cash flow statement. Here are some must-know ratios:

Asset Turnover

Asset turnover tells you how well a company uses its assets to make sales. Here’s the formula:

[ \text{Asset Turnover} = \frac{\text{Net Sales}}{\text{Average Total Assets}} ]

Gross Margin

Gross margin shows the percentage of revenue left after covering the cost of goods sold (COGS). The formula is:

[ \text{Gross Margin} = \frac{\text{Net Sales} – \text{COGS}}{\text{Net Sales}} \times 100 ]

Operating Margin

Operating margin reveals what percentage of revenue remains after paying for production costs like wages and raw materials. Here’s how you calculate it:

[ \text{Operating Margin} = \frac{\text{Operating Income}}{\text{Net Sales}} \times 100 ]

These ratios give you a peek into different parts of a company’s operations and are crucial for solid financial analysis ( Investopedia ).

Assessing Company Performance

To really get a handle on a company’s performance, you need to look at how the financial statements connect to see its profitability, efficiency, and financial stability. Here’s the lowdown:

Profitability

The income statement is your go-to for checking profitability. It shows how well the company generates revenue and controls expenses. Key figures to watch are gross profit, operating profit, and net income. Ratios like gross margin and operating margin give you a clearer picture of profitability.

Efficiency is all about how well a company uses its assets and manages its liabilities. The balance sheet is your best friend here. Ratios like asset turnover and inventory turnover are super helpful. For example, a high asset turnover ratio means the company is good at using its assets to make sales.

Financial Stability

To check financial stability, look at the balance sheet and cash flow statement. Important metrics include the debt-to-equity ratio, current ratio, and cash flow from operating activities. A low debt-to-equity ratio means a healthy capital structure, and positive cash flow from operations shows good liquidity.

For more detailed guides and examples, check out our accounting notebook and accounting 101 pdf .

By using these practical tips, you can get a solid understanding of a company’s financial health and make smart decisions. For more learning, dive into our accounting courses part time and accounting videos .

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• Personal statement: finance and accounting

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Dr Fatimah Zainudin from the University of Southampton’s management school is looking for 'the "chemistry" that makes an applicant shine out,’ so try and demonstrate your enthusiasm about the course and the buzz you'll get from studying it.

'What we love to see is a passion for the subject itself. If you fall in love with the subject, that’s what will lead to success on the course; it will give you the right chemistry,' she says.

Demonstrate your enthusiasm

If you can demonstrate what's sparked your interest in finance and accounting, that's a good start – but it’s no good just saying you’ve got a passion for it, you have to show it.

If you’re not the kind of person who gets very passionate about things, don’t worry. But do still try to explain what it is that attracts you to studying it. Then back it up with evidence of your relevant skills, knowledge or experiences and show that you understand something about what’s involved. That should solve it.

See our in-depth guides to studying finance or accounting at university, from typical modules to career paths, for some inspiration.

Finance and accounting personal statement must-haves

• Get the basics right: good communication skills are essential to anyone working in the finance sector, so make sure your statement is well-written. Nobody is asking for a literary masterpiece here, just a well-structured and waffle- and error-free statement.
• Interest in the subject: Sheffield Hallam University is looking for you to demonstrate 'an interest in and awareness of accounting and finance, or some level of practical experience.' Similarly, Bristol is looking for 'interest and commitment to the subject.' This means conveying enthusiasm for studying it and showing that you understand something about it, whether that comes from reading, work experience, or studying relevant topics in your A level, BTEC, or Higher course.
• Business awareness: University of Bath selectors are expecting students to have an interest and aptitude for 'quantitative analysis of business issues.' Demonstrate this with evidence that shows your abilities for applying mathematical skills to the analysis of business problems.
• Beyond the classroom: The University of Bristol is looking for 'intellectual curiosity – reading or research beyond the A level (or equivalent) syllabus.’ This is always good practice in personal statements, provided you then reflect on what you learned from your wider reading or research – they don’t just want a list.
• Relevant outside interests: if you choose to include extra-curricular activities, make sure they are relevant or showcase appropriate personal characteristics, skills, or achievements. Apply the 'so what?' test: if you play the flute or basketball, can you make that relevant to your future success at university, or should other factors take priority in your 47 lines?

Make the most of any experience

If you’ve had some work experience , that’s great. It doesn’t matter whether it’s a couple of weeks spent shadowing an accountant, a couple of hours just talking to one, a part-time job in a financial, retail, or business environment, or a scheme like Young Enterprise. What does matter is that you write about something relevant that you have learned from it. But, as Sheffield Hallam and LSE say on their websites, experience is not essential, so don’t panic if you don’t have any.

Your commitment to studying accounting or finance as an academic subject is usually the key requirement. However, if you can also show that extra ingredient of passion and a glimpse of the ‘chemistry’ that exists between you and the subject, then your application really will stand out.

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How to Write a Personal Statement for Accounting (Best Tips)

It should signify your love for numbers and your passion for business and finance. It should also provide an in-depth look into your personality and evidence that you are qualified for this course. This article will show you how to write a captivating personal statement for accounting school in the simplest yet most substantial form.

What is a Personal Statement?

What to include in your personal statement.

A personal statement is not a lengthy essay to be filled with your life story and fancy goals. It must be a concise, realistic, and compelling justification of why you’re the most suitable candidate to be granted admission.

Include these in your personal statement:

According to James Seymour, Director of Marketing and Student Recruitment at the University of Gloucestershire , universities do not want a beautifully written essay with tens of achievements but a realistic picture of a candidate with all efforts, traits, goals, and hardships that shaped him for an accounting major.

How to Write a Personal Statement for Accounting (Step-by-Step Guide)

1. do your research.

Be very sure about what and where you are applying for and why you are applying for it. Do your research on:

This research will make you confident about your choice and your plans. Reflect the knowledge gained from this research into your statement. Tip: Do thorough research and make notes on the achievements of instructors, industry leaders, and related case studies. This will help you in compiling evidence-based personal statements.

2. Brainstorm and Write

Once you have done enough research and analysis on pursuing an accounting and finance program, the next step is to jot it down. Take a paper and pen, and write whatever comes to your mind regarding the course and your application. Leave the structure and language for now, and think and write whatever comes to your mind. Support your every thought with evidence from the research you did in step#1.

3. Filter it Out

Group sentences into the above sections and then write them in paragraph forms under each section.

4. Arrange and Refine

5. analyze and improve sections, 6. set the flow.

Once the content is completed, the next step is to arrange the paragraphs in a sequence. Read the individual paragraphs and make connections between them. Each new paragraph should be a smooth transition from the previous one. Arrange paragraphs in such a way that it keeps the reader engaged and gradually provides insights about you. Think of it as the art of storytelling . It goes from the introduction to the body of the story to the climax.

7. Proofread

8. peer check, 9. don’t be hasty in submitting it.

Yes, do not submit your personal statement along with your application if the deadline is still far off. Keep the final version with you and read it after a day or two. You will see lots of space for improvement after checking it with a fresh mind. Keep on improving and submit the best version a few days before the closing date. That’s it. We provided you with the best approach to writing a personal statement for an accounting school application. You may end up writing an amazing one if you follow these steps in a sequence. If you are still confused about structuring your accounting and finance personal statement, here is how you can do that.

How to Structure Personal Statement for Accounting and Finance

Making a general structure or outline for your personal statement will make your writing ten times easier and will give it a natural flow. The widely accepted personal statements usually follow the following structure:

Opening Paragraph

Begin your personal statement with an interesting opening paragraph. It is a very crucial part of your essay as it draws the reader in. Mention your interest in accounting and finance and explain what stokes your passion for choosing this course.

Middle Part

You can divide this part into academics and work experience as follows:.

Watch this and learn how to include academics and work experiences in your accounting and finance personal statement.

This part is a personal touch. This is where you can mention the least significant part of your story. Mention your interests, hobbies, and other activities and elaborate on how they help you develop relevant soft skills. Mention books, events, programs, or people by name that you follow. Tip: Even the least significant information must significantly relate to your passion for accounting and finance. For example, you can mention reading books like ‘Rich Dad, and Poor Dad’, listening to TEDx talks, etc. Check out this guide to learn how to talk about hobbies in a personal statement.

Tips for Writing a Great Accounting Personal Statement

Common mistakes:, amazing examples of personal statements.

After reading all the tips and tricks for writing a personal statement for accounting and finance, check out these successful examples that got selected for top-ranked institutes.

Want more examples? Here is a list of the best accounting statements that have been shared by the UCAS admission officer.

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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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Postgraduate accounting and finance personal statement example (mature student) 2.

As a senior student at the Management School in Jinan University, one of the oldest key national universities in China, I will graduate in 2010 with a diploma. However, I believe that will not be the end of my academic life.

To build up a great career upon my interest, I am now applying for advanced studies in your quality program, hoping that I can pursue a master degree of Accounting and Finance at the University of Adelaide along with a financial aid if possible.

During my undergraduate course, I figure out how and why I can succeed in financial world.

To some extent, I have a talent in mathematics which plays a crucial role in my academic achievement. I got full marks in Advanced Mathematics as the only person around the whole grade.

I have always had a logical, organised and practical way of thinking, as well as a competitive nature, and maths has always appealed to these characteristics.

Besides, I did a lot of readings in my spare time, which are related to the most recently events in Accounting Principles, Taxation Laws, and the World Financial Markets both Chinese and International.

Fortunately, I really enjoy myself in knowing the challenges of today's business and societies. By knowing these, I establish my career goal, to be an excellent CFO.

My education so far is characterized by indisputable excellence. During the first three years of my undergraduate studies, my GPA was consistently one of the highest in my class of 215 students.

In recognition of my outstanding academic record, the university has selected me to enter into graduate studies without the usually mandatory admission exams, a privilege given to only a few of the excellent students each year. I have, however, decided to turn down the offer. Because I believe the experience of studying in the University of Adelaide is more valuable for me.

Here are some reasons for my chosen of the University of Adelaide. First, she is third-oldest university in Australia and is known internationally for the quality of its programs.

Second, The Master of Accounting & Finance offers a combination of accounting and finance studies in order to enhance career prospects and extend knowledge of both disciplines. The courses you provide will strengthen my employability in the areas of financial management while providing a professional accounting qualification.

Furthermore, this program is designed to satisfy the academic requirements for associate membership of CPA Australia and the Institute of Chartered Accountants Australia (ICAA). That means the course I have will fulfill the requirements of both professional bodies.

As far as I know, the program is also recognised as a CFA Program Partner which is also an essential factor as I concerned. In addition to the reasons of the above, I really fancy to both the fabulous campus and the city of Adelaide.

I am anxious to study here in the University of Adelaide to achieve my career goals. Undoubtedly, I will try my best to complete this program swimmingly and honourablly.

Profile info

This personal statement was written by mimihuhu1987 for application in 2011.

mimihuhu1987's Comments

Please give me some advice to make it better.Thank you!

This personal statement is unrated

Related Personal Statements

One key point, at the end do.

Sat, 21/11/2009 - 12:55

One key point, at the end do not mention any university, i assume your applying to about 5 different ones, so if other universities read the p.s they won't be very happy and disregard your statement completely.

Same person from above

Sat, 21/11/2009 - 12:58

Sorry i jus read through it again, dont write about 1 university at all, as i said before you should be applying to about 5. And dont talk about the universities at all. Just talk about the subject and what you have done outside of school/ inside that makes you a good candidate.

The statement is pretty good,

Tue, 15/12/2009 - 05:13

The statement is pretty good, but you should really check your grammar.

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Accounting and finance degree personal statement example (1a)

My decision to apply for a degree course in Accounting and Finance stems from my research in the college library and my career aspiration to become a chartered accountant. I particularly enjoy administrative work, numerical and statistical exercises, and opportunities to work with others as a team. I am confident that these strengths and transferable skills will be developed in a degree course, and valuable in my subsequent career

In order to get a head start, I have arranged a two-week work experience programme with Ahmed and Co accountancy, which provides services for well-known restaurants, cafes and other businesses. These two week work experience will provide me with a greater understanding of the basic skills required of an accountant, and introduce me to techniques such as cash balance appraisal, budgetary control and current cost accounting

I am currently studying A- Level ICT and History and AS- Level Urdu and Business Studies. Studying AS-Level Business Studies will provide the foundations and understanding of real life problems faced by businesses and the right solutions that are used by professional businesses in order to succeed and A-Level in ICT will give me a better understanding of advanced technology available that can be used in order to process more easily with less time consuming

I am a very active sportsman, taking advantage all sports facilities that my college provides. I have represented my college in cricket, football, basketball and cross-country and the medals, certificates and trophies accomplished can represent these. I hope to take these achievements further by representing the university in the sports facilities it will provide and by achieving more medals and trophies as possible

I believe university offers an excellent opportunity to further my learning in a challenging environment so I am applying for a degree in accounting and finance, which will enable me to acquire the skills required to understand the world of business and help me become a chartered accountant

I look forward to the challenge of a demanding degree course, and am confident that I have the personal qualities and academic motivation to make a success of it.

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Personal Statement of Purpose Finance and Accounting MSc

• Sample personal statement

28 July, 2022

Personal statement of purpose finance and accounting msc share.

• 12 May, 2013

With my deep interest, I want to pursue the course Finance and Accounting MSc at the University of Brighton because this course has access to modern computing facilities and specialist computing packages. And this course will provide me with the skills to make these investment decisions across various business areas. This degree will give me develop an in-depth knowledge of financial theory and practice, research methods, financial markets, financial accounting and management accounting. Moreover, I found this Finance and Accounting MSc will help me to specialise and meet the growing demand for finance professionals with strong research skills. I can also progress with or continue by studying for a Ph.D. I want to develop my career in this sector and the accounting and financial services sectors require a high level of understanding of theory and practice. And this MSc course can make me professional. I believe that this course will help me become professional and proficient in my future career.

Following my Intermediate and Secondary education from the Business Studies group, I completed my Bachelor’s degree major in Accounting in February 2022 from National University, Gazipur, Bangladesh. In my home country, there are many open places to develop a career in accountancy but they require a professional applicant. From this MSc course, I can meet the growing demand for finance professionals with strong research skills. So, I decided to complete my further higher studies by choosing this Finance and Accounting MSc at the University of Brighton. While studying, I was involved in various co- curricular activities to enrich my knowledge and skills. Attended and organized different types of seminars and workshops, participated in different voluntary services and activities, and actively participated. From my last education qualification, I have realized that I need to gain knowledge about business accounting and finance part as well as I want to grow my career in this area. I also have my English language concern and I attend a UKVI IELTS test where my overall band score is 6.0. I think I should gain more knowledge in the field so I decided to continue my further studies with this course. I am confident that my professional goal makes me a suitable candidate for the course.

By reviewing the university website, I have seen the course Finance and Accounting MSc at the University of Brighton is ideal preparation for continuing my studies at MPhil or Ph.D. level, also I will be able to work as a professional researcher in finance. The course will prepare me for a specific level of accounting and financial roles, accountancy firms, consultancies and finance departments in the private and public sectors. Studying in a simulated business environment will teach me to explore business practices from regulatory and risk management issues to how financial markets operate and what makes them crash. This course has been designed to help me develop the necessary skills to solve the financial accounting standards, complex business problems in recent facing situations. Modules on the course involve both taught sessions and guided independent study. The core module units include Economics of Financial Markets, Financial Theory and Practice, Research Methods for Finance and Economics, Dissertation or Work Placement Project. Mandatory specialism modules are- Contemporary Issues in Accounting, International Investment and Trading, Economics of Money, Interest Rates, Banking and Financial Institutions. Completion of my dissertation will teach me the undertake research leading to practicable recommendations based on sound analysis and judgment. All of these modules will help me to broaden my knowledge of accountancy understanding in an international context which will prepare me for my employment in an increasingly internationalized business world. Hopefully, I have been able to clear the purpose of my admission to the university. Moreover, during times of crisis, accountancy is seen as a stable profession. By completing this course, I will be able to work with reputed organisations in my home country ranging from accountancy, banking, financial management, and management consultancy. So, I believe this course will be the right choice for my career plans and objectives.

UK’s academic reputation is globally renowned and it is known that having a graduate degree from a UK university will definitely propel one’s career to a significant level. However, the study environment in my country follows the theoretical system of education which is quite different and no soft skills are acquired. The UK maintains a quality management system with high standards in all fields. In recent years, all companies in Bangladesh are emphasizing hiring of Bangladeshi graduates with degrees from abroad, as they see the transferrable skills carried forward from the international education will play a key role in transforming their approach to the business and believe these graduates are capable of doing so. The transferable skills from the UK are key to advancing graduates through organizational growth and gaining a competitive advantage. This reason attracted me to pursue a degree in the UK. A recent survey of International Graduation Results in 2019 produced by iGraduate by Universities UK International shows that 82% of international graduates say their UK degree is valuable for financial investment and a similar number of graduates say they are satisfied or very satisfied with their careers. About 83% think a UK degree has helped them get a job. These aspects have driven my ambition to get a degree from a UK institution.

University of Brighton is one of the re-known top universities in the UK. As my study destination is the UK and I wish to study at the University of Brighton, because it offers an experience that goes way beyond the classroom. Their core values are part of a dynamic, diverse and creative community that embraces partnership working and that makes a positive difference to society. From there, I will be able to gain real-world knowledge and transferable skills that employers look for in graduate recruits. And by the time I graduate, I’ll feel confident and fully prepared to start my career anywhere in the world. The university won a Silver Award in Teaching Excellence Framework, which means that the learning environment and the teaching I will receive are consistently better than the national requirements for UK Higher Education. The university has around 18,000 students and 2,400 staff studying and working at four campuses in Brighton and Eastbourne. Also, according to Destination Leavers from Higher Education 2017-2018, 94% of University of Brighton graduates get engaged in work or further study within the first 6 months. I will also be able to make connections with local, national and international companies, as the university has links with over 1800 businesses, including Fujitsu, BT, Sky, Boots, IBM, and the NHS, while the university educates professionals from 90% of FTSE 100 companies. The university puts students on a fast track that is designed to get a postgraduate degree into faster employment with excellent career opportunities. Moreover, the University brings the workplace into classrooms so it will be beneficial for me to attain my personal career objectives by practicing in this type of learning environment. I am looking forward to studying and wish to experience all the opportunities the University of Brighton has to offer.

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