master of accounting personal statement examples

How To Write A Personal Statement For Masters (17 PDF Sample Examples)

Published: 14 Mar 2022 Study Abroad 108,511 views

A personal statement for masters program is one of the most important parts of your college application and writing a good one is what’s the exception between receiving an offer and being rejected.

If you’ve been tasked with presenting a personal statement, you should keep in mind that whatever you submit must put you forward as the right candidate for the course. Additionally, it should convince the admissions officers that you deserve a place on your program of study.

Achieving the above, is a skill most postgraduate students are yet to acquire but thankfully this article on How To Write A Personal Statement For Masters covers everything you need to know on doing this.

In this article you’ll learn:

• What is a personal statement?
• Tips for making your personal statement for masters stand out
• How to write a personal statement for masters
• Personal statement for masters sample
• Examples of personal statement for masters
• Conclusion – things to avoid when writing a personal statement for masters

Read:  Admission Interview Tips .

What Is a Personal Statement?

A personal statement AKA admissions or application essay or statement of purpose is a type of essay or written statement a candidate presents to a college, university, or graduate school they are applying to, explaining why they want to attend that school, study a particular course, and why they would be a perfect fit for these things.

A personal statement for masters is an essay you submit specifically for your postgraduate application. Writing one presents the opportunity for you to promote yourself to a school and show the admissions teachers that you are the perfect candidate for a course.

Tips For Making Your Personal Statement For Masters Stand Out

Before we get into how you should write a statement of purpose for masters, we would first like to share with you certain tips to include in your essay to make it stand out from that of other applicants and be convincing enough to any admissions officer that reads it. The tips we have mentioned here, cover general things like starting and ending your personal statement, timing, length, and what to include and what not to include in the essay, etc.

1. Starting And Ending A Personal Statement

When starting a personal statement, you would want to right off the bat grab the reader’s attention. To do this, start the statement by writing about your degree of choice, next why you want to study it and then how you got interested in it.

The next 2 sentences after that should cover a summary of your background in the chosen field, and you conclude by saying what you plan to do once you acquire your graduate degree.

Also start with that the evaluators reading want to hear first, then every other information should come second. You will notice we’ve used in the sop examples for masters we will share with you later in this article.

2. Plan Ahead

A personal statement is not something you rush while writing, which means if you want to get something good before you application then you must start to decide things like the length and how long it should take to complete.

Let us throw more light on this…

For length, a personal statement should be brief ranging somewhere between 500 -700 words, although schools often detect how long it should be. So, this is dependent on the institution you are applying to.

In terms of what to say in a statement, you could include personal experiences like why you were driven to apply for the program, an experience you had with a scholar in your chosen discipline, a course you took that inspired you to pursue masters, or a key moment during your studies which further motivated you.

No matter what you decide to write, just keep in mind that you need to take your time to craft something good even if it means creating several drafts before the real thing and do not forget to proofread the statement for errors.

3. Research Your Program Of Study

Researching your program of study is one way to establish that you truly understand the discipline you’re getting into and prove to the admissions officer that you thoroughly thought about it before applying.

And because you want to put yourself forward as a serious candidate, one way to make you research easier is for you to visit the website of the department you are applying to. This page will contain information about faculty members, their specialisation, and publications.

From the intel, you gathered there you can now identify which professors match your interests and which ones you will benefit the most from learning under. After you’ve found this out, relate the same in a sentence or two in your statement of purpose for masters.

Example: “I would be honoured to study under the tutelage of Professor Nadia whose work I found resonated strongly with my beliefs and intended projects in this course”.

4. Avoid Clichés, Junks, And Many Details

When writing a statement of purpose for master degree try to avoid clichés, junks, and unnecessary details so that you don’t lose or bore your readers in between. Be as concise as possible, even if it’s your chance to express yourself.

A personal statement is an opportunity for the admissions committee to get information that tells the that you are suitable for the course. So, when you overpower your statement with too many words, stories, and useless details, you come off as someone who is just trying to meet the word count.

5. Include Your Personal History Only If It Adds To The Statement

Do not include your personal history in your statement of intent for masters if it is not relevant to your purpose of study. This means no need for you to tell that story about that time you helped someone treat a cut and immediately realised that you wanted to be a doctor or nurse or how you developed a taste for reading at a very young age.

We can guarantee you that the hundreds of other applications competing for the same spot you are felt the same way, so saying those things really doesn’t make you unique.

On the other hand, if you are going to add personal history to your statement, you can put in things like an internship you did and the experience you got from the job, a major research project you ran by yourself, publications you’ve read or published, conferences you’ve attended or presentations you’ve done. These experiences are more concrete and are directly related to your program of study. They also set you apart from other applicants.

6. Don't Use The Same Personal Statement For All Your Applications

One common mistake applicant make that you shouldn’t is using the same statement of purpose for master degree for all your applications. Using the same information repeatedly even if you are going to change the university names is risky and could land you in a big mistake on a day you forget to be thorough.

All programmes have their own unique set of questions they want to see answered and information they need in your personal statement.

And even if some of them like extracurricular activities, proposal for project, why you are applying to the school, your unique qualities, and research works you’re doing might appear the same, do not use one statement to respond to all of them.

Write a new unique personal statement every time you want to apply.

Check out:  How to Write a Good CV for Students - Resume Examples for Students (PDF).

How To Write A Personal Statement for Masters

When writing a personal statement for masters there are several steps and ground rules you need to follow to ensure that it comes out good enough to impress the admissions team of a school, and ultimately convince them to give you a spot on your program of study.

If writing one is something you are currently struggling with and can’t seem to get down the process of it right no matter what, this section on how to write a personal statement for masters, discusses in detail everything you need to get help with yours.

There are 4 parts to consider when writing your personal statement and we have listed them below:

1. Planning A Personal Statement

A personal statement is a piece of writing showing your academic interests and is only for application purposes which means there is no room for any autobiographical information in it about your personal life. Be as to-the-point as possible when writing it and stick to telling the school why you are the right person for the course, plus any other extra information detailing your achievements.

Before You Start:

Allot plenty of time to write your msc personal statement so that you don’t rush it. Remember, this simple piece of writing is your one shot at convincing a school that you are the best applicant they’ve seen and as such can either make or break your application.

Read the information expected of you from the university, rules and guidelines given, selection criteria and understand what they mean. Also research the institution.

Do a thorough research on the course you are applying for; this will help you explain better why you want to study it. The tutors interviewing you can tell when you are lying and presenting yourself as uninformed can cost you the admission.

Ensure that you don’t use the same personal statement for all your applications.

When Writing:

When writing the statement there are some questions to ask yourself that can help you plan it better. Those questions are:

• Why you want to study a master’s and how does it benefit you in future?
• How does the course you have chosen fit into your pre-existing skill set?
• How do you stand out from the crowd as an applicant - e.g., work experiences you’ve had in the same field you are applying for?
• What do you aspire to do or be as a future career and how will the course help you achieve that?
• How can your work or skillsets contribute positively to the department/ university you are applying to, or society at large?

On the other hand, if you are applying for the masters to change from the field you studied in your undergraduate to another field, you should tell the school why you decided to take a different path in your studies.

Questions to ask yourself for this include:

• Your reason for deciding to change your discipline.
• How your undergraduate degree will be material for bringing fresh insights into your masters course.
• How changing your study path will help you attain your future career.

2. Structuring A Personal Statement

Having good structure for your personal statement for master degree is important because it ensures that everything from the beginning, middle, and ending of the statement is written and equally falls in place perfectly.

We’ve left some tips for you below to help you:

Start your personal statement with an attention-grabbing introduction that is not dramatic or cliché. That means you should not begin with any of these over-used phrases we’ve listed out below:

For as long as I remember…

Since my childhood…

I want to apply to this course because I’ve always felt a strong connection to it…

All my life, I have always loved…

My interest in (course) always ran deeper than…

I’ve always been zealous about…

Ever since I was a child, I’ve always wanted to pursue a career in…

My past educational experiences have always…

You would want to be as snappy as possible with your opening because the admission officer has over a hundred applications to read and can’t waste all their time on yours. This means you should avoid overpowering it with unnecessary facts, quotes, and stories from your life.

The middle part of your ma personal statement is where the main content of the write-up should be. This is where you show your dedication to the course you’ve chosen, what motivated you to choose it, and why you are the right candidate for it.

When writing the middle part of a graduate personal statement, you should:  

• Give concrete reasons why you want to study a course at the University. The reason could be because of how the course is aligned to your future career or the University’s reputation in teaching that program.
• Mention relevant things like projects, dissertations, or essays you’ve done, and any work experience you have.
• Show proof of your core skills like and how they can contribute to the department.
• Prove what makes you a unique candidate.
• Discuss who your main influences for wanting to study the course are and why.
• Add experiences like memberships to clubs that are related to your field, papers you’ve written before, awards, scholarships, or prizes.
• Draw focus to how the course links to your past and future.
• Mention your academic and non-academic skills and how they fit the course.

For Formatting:

• Keep the statement length between 250 -500 words or as directed by the school.
• Sentences should be no more than 25-30 words.
• Use headings to break up the content – Why this university? Why this subject? Etc.
• Make claims and provide evidence to back each of them up. This can be done by discussing your work experience and academic interests.

Language and tone to use:     

• The tone for your masters application personal statement should be positive and enthusiastic, to show you eagerness to learn and so that you convince the evaluators that you have what it takes to succeed.
• Use exciting and refreshing language, and an engaging opening line.
• Ensure you grammar, punctuations, and spellings are accurate.
• Avoid exaggerated claims you cannot backup.
• Don’t use cliché generic terms and keep your focus on the course.

Keep the ending of your essay for master degree application concise and memorable, leaving no doubt in the admission officers mind that you deserve a spot on the program.

To create the best ending summarise all your key points without dragging it our or repeating yourself. The ending should be simple, end on a positive note and make it clear that the school will be lucky to have you on their program.

Personal Statement for Masters Sample

In this section, we have left a masters personal statement example for you, which you can use as material to write yours for any course of study you are applying to a school for.

Personal Statement PDF

You can also download this statement of purpose sample for masters degree pdf here and take your time to read it later – Personal Statement For Masters Sample .

See Also:  Student CV Template .

Examples of Personal Statement for Masters

We have taken the time to source for some of the best postgraduate personal statement examples, which you can use in addition to the personal statement for masters program example as a template to write yours.

While you scroll through our list, you will find the perfect masters essay example for any field you wish to apply for, from business administration, to Psychology, to information technology, and lots more.

1. msw personal statement

We have found one of the best msw personal statement examples out there for you.

social work masters personal statement .  

2. personal statement for masters in public health

mph personal statement examples

3. personal statement for masters in management

Personal statement for master degree sample for masters in management .  , 4. personal statement for masters in education example.

personal statement for masters in education example

5. psychology masters personal statement

psychology masters personal statement example

6. sample personal statement for masters in data science data science masters personal statement

7. speech and language therapy personal statement statement of purpose for masters sample: speech and language therapy

8. business administration personal statement personal statement for masters in business administration

9. personal statement for masters in cyber security pdf masters degree personal statement examples for cyber security

10. personal statement for masters in finance msc finance personal statement examples

11. statement of purpose for masters in information technology pdf msc personal statement examples for information technology

12. international development personal statement statement of purpose for masters example

13. msc international business management personal statement international business management personal statement examples

14. computer science masters personal statement

statement of purpose for masters in computer science pdf

15. personal statement for masters in economics statement of purpose sample for masters degree in economics

16. mha personal statement statement of purpose format for masters in health administration    

Conclusion – Things to Avoid When Writing A Personal Statement For Masters When writing a personal statement for university masters, there are some things you should avoid, so that you don’t ruin your essay. We have listed out those things below: •    Avoid negativity. •    Following an online template blindly. •    Do not include unnecessary course modules, personal facts, or extra-curricular activities in your personal statement. •    Do not lie or exaggerate an achievement or event. •    Do not include inspirational quotes to your statement. •    Avoid using clichés, gimmicks, humour, over-used word such as 'passion' or ‘driven’. •    Do not make pleading statements. •    Avoid mentioning key authors or professors in your field without any explanation. •    Avoid using sentences that are too long. •    Avoid flattering the organisation or using patronising terms. •    Do not repeat information in your statement that you have already listed in your application. •    Avoid waffling i.e., writing at length. •    Don’t start writing your personal statement at the last minute.  

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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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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.

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

3. filter it out.

Now you have a very long, unstructured, raw content, the next step is to read it and group your sentences into the following sections:

4. Arrange and Refine

5. analyze and improve sections, 6. set the flow, 7. proofread, 8. peer check.

After writing the final copy of your personal statement, get it reviewed by your friend, colleague, teacher, supervisor, and subject expert. Be open to critique. Listen to their reviews and comments, ask them what they thought while reading your statement, and then jot down the suggested improvements.

9. Don’t be Hasty in Submitting It

How to structure personal statement for accounting and finance, 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:.

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

Here are a few very useful tips for writing an appealing personal statement for accounting school. We gathered these tips after a keen analysis of multiple successful personal statements. They are going to help you stand out from the crowd.

Common mistakes:

Amazing examples of personal statements.

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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• Personal Statements
• Accounting Personal Statement

Accounting Personal Statement Example

Sample statement.

For all the grand plans played out on the world economic stage, it is the quality of the accounting at individual companies that really makes the difference between success and failure, profit and loss. Often forgotten, rarely credited, I believe that accounts are at the heart of any business and I want to learn how to make a difference, by studying best practice and the advanced techniques required to make accounts as efficient and effective as possible.

Human behaviour fascinates me almost as much as numbers do, and I think that both are important aspects of accounting. I have had two work placements during my A-level studies and I have saved money for both companies, not by being smarter than their accounts team, but by suggesting changes in behaviour. All too often, companies buy from the same supplier that they always have, despite the fact that there are cheaper sources. It is human nature to stick with the comfortable and familiar.

To support this approach, I have combined my A-levels in maths and business studies with A-level psychology. This way I am able to not only understand the numbers in a set of accounts, but also some of the reasons behind them.

I am interested in a career in accounting since it not only matches my interests, skills and abilities, but also offers a solid career path. Whether the figures are good or bad, impressive or disastrous, there will always be a need for an accountant to process and present them. In fact, as times continue to be tough for business, I believe that the skilled accountant will become ever more in demand.

Another key skill of a successful accountant is the ability to communicate well and build good relationships with people, and I believe that my volunteer work with our local youth group has helped me to develop this. In this role I not only work with young people aged ten to fifteen, but also liaise with their parents, teachers, and where necessary, social workers, to solve problems, enhance opportunities and generally help these young people to gain confidence and self belief. I believe these skills are directly relevant to the workplace, where I will need to keep many different stakeholders onside during changes such as financial cuts or restructuring.

Outside of my academic studies, I am a keen film buff, and have worked hard lobbying my local multiplex cinema to show a more varied selection of films beyond the mainstream blockbusters. I was delighted earlier this year, when they responded to my campaign by showing the Future Shorts collection of short films. I made sure that I rallied as many of my friends and family as possible to attend to make the event a success.

While there are many opportunities to start young in the accounting industry, and learn on the job gaining qualifications along the way, I think that studying the subject to degree level is a more focused, and ultimately more rewarding path. I have ambitions to one day be a financial director of a major company and I believe that this course is a significant step in achieving that dream.

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Accounting personal statements

On this page you'll find a collection of real personal statements written by students applying to study accounting and related courses at university.

These personal statements are written by real students - don't expect them all to be perfect! But by reading through a few of these samples, you'll be able to get some ideas and inspiration for your own personal statement. 

Accounting personal statement examples

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Accounting personal statement example

• Reading time: 2 minutes
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• Published: 1st July 2019
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Accounting is a fundamental part of the business world, it is a subject area which largely influences the growth, management and decision making of a large variety of businesses. What interests me most is how, by analysing financial information, without extensive knowledge of specific business areas, accountants can aid the growth and development of specialist business’ and play key roles in huge managerial decisions made by all types of companies.

This influential nature of accounting and its value to each and every business is what has motivated me to study and pursue a career in this field. In addition to this, the opportunity to learn about global financial markets and the dynamics of multinational companies is something that has always appealed to me.

My interest in this field is expressed through my participation in the August 2018 PwC Business Insight Week. My involvement in this week allowed to me to explore three different accounting services that PwC provide as well as understanding the importance of client relationships. I learnt about the legal importance of ensuring tax forms are correct, alongside how a company can ensure they are maximising business profit whilst adhering to tax law.

Furthermore, I became aware of the importance of assurance and audit, learning how presenting financial statements accurately and fairly is paramount in ensuring investor trust is high as well as finding out how to aid business’ in taking opportunities by considering and advising on risk and strategy as well as the numerous variables that need to be considered in successful strategy consulting. Such as deciding where and when investments should be made, how operations can be improved and advising on spending changes.

Taking such risks as well as strategy are key to the upscaling and development of businesses. To further my knowledge about the role of strategy and finance in development of a business I completed a MOOC on finance for business growth. This taught me about how liquidity is an important factor in business management, how assessing risk return issues are important for ventures as well as the role of private equity in the development of a business.

Alongside to this MOOC, I went on to read “Too big to fail,” by Andrew Ross Sorkin to understand from the perspective of those in the highest positions of financial institutions, why irresponsible decisions lead to the financial crisis in 2008. Sorkin discusses the roles of CEOs such as Joseph Cassano, head of the AIG group, who made huge amounts of money from CDS issuance. This turned out to be a huge issue that required over 150 billion dollars from the government to keep the company from failing, when these contracts turned out to be at the heart of the organisation’s loss. I learnt from this and other similar examples, how the finance world relies on trust between large financial organisations and how flaws in legislation alongside irresponsible/selfish attitudes can lead to global scale issues.

Global issues and current affairs are two things I am consistently track through my study of geography at A level. In learning about the geopolitics involved in policy decision making and the cause and implications of such decisions, I have developed an understanding that can be applied to similar situations and decisions made in the finance world.

Accounting is all about communicating and analysing information to find solutions to business issues, studying mathematics and chemistry has provided me with helpful problem solving skills, improved my ability to think critically and aided me in constructing logical arguments after deconstructing complex and intricate problems.

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Accounting Personal Statement Examples

Personal statement examples for accounting are available for students to use as inspiration. Read below both examples.

Accounting Personal Statement

I am inspired and motivated by my family and by my own general aptitude for mathematical subjects to pursue a degree in accounting and to pursue a career in the field. During my summer vacations, I worked in the accounting department of my father’s company and observed the accountants at work and learned a lot from them. Upon graduation, my immediate plans are to return to my father’s business, assist him with his business, and gain experience that can be applied to my own company in the future. As China’s business environment continues to develop and expand at an unprecedented rate, I am eager to contribute to this new era of commerce. The versatility and variety of accounting appeal to me. Modern enterprises can benefit from the expertise of a well-qualified accountant in many ways, and a degree in business studies from a British university would be the best way to begin my career in this field, given the reputation of British universities and the business studies courses they offer. It is very important to my parents for me to take advantage of this opportunity to study in the UK and to expand my academic knowledge and skills.

Modern corporations, charities, governments, and individuals are eagerly seeking accountants from good universities with good degrees. The role of accountants in business planning and decision-making is becoming increasingly important, so they need good interpersonal skills in addition to academic aptitude. Complexity and analytical abilities are required for the job. In the same way that businesses rely on their lawyers, I understand that as an accountant I carry enormous responsibility. In addition to keeping up with tax and legal developments, the accountant must always be accurate and able to work under pressure. Being a member of a well-respected profession would be a great source of human satisfaction, both materially and personally. Prospects seem very promising to me.

Reading journals and following economics stories in the media has developed my interest in the business world and accountancy. Regularly updating one’s information is essential given that the situation is constantly changing. My communication skills and approachable temperament extend beyond the classroom. Both in everyday life and in my academic studies, I enjoy being part of a team. Being a team leader during my college’s summer campus taught me a lot about working with others and getting along with them. Being able to serve the needs of the elderly has always been rewarding for me as a volunteer in care homes in China. I love adventures, also I am open-minded and always ready to try new things and consider new ideas.

I have a number of languages, Chinese, fluent English and some Japanese and Korean. I believe that such skills are an immense asset in today’s increasingly international and globalised economic environment. I also have highly trained IT skills, which I know are now central to the accountancy profession. I am hard-working, reliable and mature in my attitude, and very much committed to my chosen career path. I have a number of friends with whom I would hope eventually to set up a joint venture company, after working for some time in my father’s firm. I am academically able, enthusiastic, energetic and ambitious, and very much look forward to a successful career. I can offer my total commitment to my chosen course and I hope you will consider my application.

Accounting Personal Statement Example

Besides serving as the cornerstones of any successful business management , finance and accounting are also two of the most important building blocks of our contemporary society, and they become even more important during economic crises, like the one we are currently experiencing. Hence, I cannot see how anyone cannot become fascinated by learning more about the processes that govern capital flows and shape our world. I have grown steadily fascinated by these processes and developed an aptitude for and interest in mathematics throughout my school years, so I am confident I will be a motivated and ambitious undergraduate student in these subjects.

I have always enjoyed subjects which focus on numbers and mathematics. In addition to my studies, I also undertook maths challenges that aimed to make mathematics accessible and fun. It is this attitude to the subject that has inspired me to continue progressing to higher-level study in related subjects. My positive attitude to study also extends to other subjects, however, and I have gained valuable skills and experience from branching out into other fields. Studying Biology and Chemistry not only made good use of my mathematical skills but also encourage a logical, patient approach to problem-solving, while studying German inspired an interest in learning about other cultures and languages that will assist me in the increasingly international field of global finance.

Gaining experience within existing businesses offered an opportunity to begin to see how the principles of finance were applied in a real-world context. Through working as a customer adviser at Next, I have gained experience in working to daily targets, handling money and realising the importance of setting and adjusting financial expectations based on a variety of variables. Through occupying a customer service role I also gained the opportunity to hone communication and teamwork skills, allowing me to maintain excellent relationships with customers and colleagues. During my work experience with Edutech, I also utilised and developed these same skills, while undertaking repairs of school computers and increasing my knowledge of Information Technology and computer systems, so central to the contemporary field of finance.

I have been deeply involved in supporting both my academic and local communities, believing it is essential to help guide younger students at my school and in my neighbourhood. I have found serving as a role model for them as they overcome challenges to be immensely rewarding. I served as Senior Prefect and School Council Member, roles giving me a window into how funding decisions directly impact students – reinforcing the centrality of finance and accounting. I also volunteered with Oriel Youth Wing, establishing and running a youth club, an experience that taught me much about organization and time management while mentoring members through difficulties. Similarly, I mentored and supervised children of various ages through BEIS fun club and the Knowing Me Knowing You mentor scheme.

As a committed and ambitious student with an aptitude for mathematics, I believe I possess the intellectual ability and drive needed for undergraduate and potentially graduate studies in accounting and finance. More importantly, as someone with a well-developed social conscience, I will bring to my studies an awareness of the profound impact these subjects have on all our lives, creating extra motivation to understand and influence these fields after graduation.

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Get Ahead with These Powerful Accounting Examples You’ll Love

Discover powerful accounting examples you’ll love master journal entries, financial statements, and irs rules easily., getting the hang of journal entries.

Journal entries are like the diary of a business’s financial life. They keep track of every transaction, making sure everything adds up ( EcomBalance ). Let’s break down the basics of journal entries and get a grip on debits and credits.

Journal Entries 101

A journal entry is a detailed note of a business transaction. Each entry has two parts: a debit and a credit. These entries keep the accounting equation in check: Assets = Liabilities + Equity. Here’s a simple example:

Say your business borrows £10,000. The journal entry would look like this:

Here, the cash account gets a £10,000 boost (debit), and the loan payable account gets a £10,000 bump (credit). This keeps the books balanced.

Debits and Credits

Getting debits and credits right is key to making accurate journal entries. Every transaction hits at least two accounts, recorded as debits and credits.

• Debits : Go on the left side. They increase assets and decrease liabilities and equity.
• Credits : Go on the right side. They decrease assets and increase liabilities and equity.

Here’s a quick cheat sheet:

For instance, if you buy office supplies worth £500 on credit, the journal entry would be:

Here, the office supplies account (an asset) gets a £500 debit, and the accounts payable account (a liability) gets a £500 credit, keeping things balanced.

Grasping journal entries is a must for anyone in accounting and finance. For more tips and tricks, check out our articles on accounting for beginners and accounting quickbooks .

Types of Journal Entries

Accounting can be a bit like juggling, but once you get the hang of it, it’s a breeze. Let’s break down three main types of journal entries: opening and closing entries, adjusting entries, and compound entries. These are the bread and butter of keeping your financial records straight.

Opening and Closing Entries

Opening and closing entries are your bookends in the accounting world. Opening entries kick off the new period by bringing in balances from the previous one. Think of it as carrying over your leftover pizza to the next day’s lunch.

Closing entries, on the flip side, wrap things up at the end of the period. They zero out temporary accounts like revenue and expenses, moving those balances to permanent accounts like retained earnings. It’s like cleaning up after a party so you can start fresh the next day.

Need more tips? Check out our accounting notes .

Adjusting Entries

Adjusting entries are the unsung heroes of accounting. They make sure your books reflect the real deal, not just the cash flow. These entries are made at the end of an accounting period to match income and expenses to the right period, even if the cash hasn’t moved yet.

Here are some common adjusting entries:

• Prepaid Expenses : Expenses paid in advance, like insurance.
• Accrued Expenses : Expenses that have been incurred but not yet paid, like interest.
• Unearned Revenue : Money received before you’ve earned it, like a deposit.
• Depreciation : Spreading the cost of an asset over its useful life.

Want more examples? Visit our accounting examples .

Compound Entries

Compound entries are like the Swiss Army knife of journal entries. They handle transactions involving more than two accounts. Perfect for those tricky situations where a simple debit and credit just won’t cut it.

For example, if you buy equipment with part cash and part credit, your entry would look like this:

Compound entries make sure every part of a complex transaction is recorded correctly. For more practical examples, check out our section on accounting business .

Understanding these journal entries is key to keeping your financial records in tip-top shape. Each type has its own role, ensuring your accounting is accurate and reliable. For more detailed guidance, explore our accounting website and other resources.

Accounting Methods Explained

Managing your money well means knowing the different ways to keep track of it. Let’s break down three main methods: cash accounting, accrual accounting, and hybrid accounting.

Cash Accounting

Cash accounting is the “keep it simple” method. You only record money when it actually changes hands. Small businesses and individuals love it because it’s easy to handle ( Investopedia ).

Key Features:

• Record transactions when cash is received or spent.
• Easy to manage and understand.
• Not great for businesses with big inventories or those needing detailed financial forecasts.

New to accounting? Check out our accounting for beginners page.

Accrual Accounting

Accrual accounting is a bit more complex. You record revenues and expenses when they happen, not when the money actually moves. This gives a clearer financial picture and is required for companies with over $26 million in average sales over the past three years ( Forbes ).

• Record revenues and expenses when they occur.
• Better for financial forecasting.
• Required for larger companies.

Want more details? Visit our accounting estimates examples page.

Hybrid Accounting

Hybrid accounting mixes cash and accrual methods, letting businesses record transactions in a way that suits them best. The IRS allows this if you meet certain conditions ( Investopedia ).

• Combines cash and accrual methods.
• Flexible to fit specific business needs.
• Not allowed for individual taxpayers.

For more info on different accounting methods, visit our accounting quickbooks page.

Choosing the right method can make a big difference in how you manage your finances. Whether you’re just starting out or looking to fine-tune your accounting, each method has its perks. Need more help? Check our accounting help section.

Financial Statements Overview

Grasping the basics of financial statements is a must for anyone diving into accounting or finance. These documents give you a clear picture of a company’s financial health and performance. Here, we’ll break down the three main financial statements: balance sheets, income statements, and cash flow statements.

Balance Sheets

A balance sheet shows a company’s financial status at a specific moment, usually at the end of the fiscal year ( Orbit Analytics ). It’s split into three parts: assets, liabilities, and equity.

Assets are what the company owns, liabilities are what it owes, and equity is the owner’s stake in the company. Want more details? Check out our accounting notes .

Income Statements

An income statement, or profit and loss statement, shows how a company made its net income over a certain period, like a quarter or a year ( Orbit Analytics ). It lists revenues, expenses, and earnings per share.

This statement helps you see how profitable a company is and where it might need to cut costs or boost revenue. For more on income statements, visit our accounting business section.

Cash Flow Statements

A cash flow statement gives you a look at a company’s cash inflows and outflows over a period, from operating, investing, and financing activities ( Orbit Analytics ).

The cash flow statement shows how well a company handles its cash and meets its financial obligations. For more insights, visit our accounting help page.

These financial statements are key tools for analyzing a company’s financial health. By understanding and interpreting these documents, you can make smart decisions about investments, business strategies, and financial management. For more practical examples, check out our page on accounting examples.

Real-World Accounting Examples

Let’s dive into some real-world accounting examples to see how various transactions are recorded. These examples will help you get the hang of basic accounting entries and their impact on your financial statements.

Loan Transactions

When your business takes out a loan, it’s crucial to record it correctly. Suppose you borrow $10,000. Here’s how you’d log it:

This entry bumps up your cash and shows you owe $10,000. For more examples, check out our accounting examples section.

Revenue Recognition

Revenue recognition can vary depending on your accounting method. With accrual accounting , you record revenue when it’s earned, not necessarily when you get paid. Say your construction company finishes 50% of a $100,000 project. You’d record:

This entry shows the revenue based on the work done. For more insights, visit our section on accounting methods.

Expense Recording

Accurate expense recording is key for financial reporting. If you spend $500 on office supplies, here’s the journal entry:

This entry reduces your cash and logs the expense, keeping your financial statements accurate. For more on recording expenses, check out our accounting notes .

These examples show how different transactions are recorded in your books, giving you a clear view of your financial health. For more practical examples, explore our articles on accounting for beginners and accounting quizzes .

Key Considerations in Accounting

When you jump into accounting, there are a few things you gotta keep in mind to make sure your financial records are spot-on and follow the rules. Knowing these key points will help you handle accounting like a pro.

The IRS has some strict rules about how you should handle your accounting. If your business pulls in more than $25 million on average over the past three years, you gotta use accrual accounting ( Investopedia ). This method records revenue when it’s earned and expenses when they’re incurred, giving a clearer picture of your finances.

Also, the IRS wants you to stick with the same accounting method year after year. Changing it up too often can look like you’re trying to mess with your revenue, which is a big no-no ( Investopedia ). Some businesses can mix accrual and cash accounting, but individuals can’t.

Consistency in Methods

Sticking to one accounting method is super important. The IRS wants you to be consistent to avoid any funny business with your financial data ( Investopedia ). If you need to change your method, you have to get the IRS’s okay, and they don’t make it easy.

Being consistent not only keeps your financial statements legit but also makes it easier to analyze your finances. Investors, auditors, and other folks rely on consistent methods to make smart decisions about your business. Check out more on keeping things consistent in our accounting notes .

Financial Reporting Requirements

Financial statements are like a health check for your company. They include the balance sheet, income statement, and cash flow statement ( Orbit Analytics ). These reports are crucial for internal checks and are often audited by the government to catch tax fraud and other shady stuff.

The accounting method you choose affects your financial reporting. Big businesses might go for accrual accounting for a detailed look at revenue and expenses. Smaller businesses might stick with cash-basis accounting because it’s simpler ( Forbes ).

To stay on the right side of the law, keep up with the latest accounting standards and regulations. This helps you avoid fines and keeps your stakeholders’ trust. For more on financial reporting, visit our accounting hub .

By keeping these points in mind, you’ll handle accounting with more confidence and accuracy. Dive into our resources on accounting methods and financial reporting for more tips and tricks.

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