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Opinion: Being a business analytics major is a struggle

Cameron+Kelley%2C+business+analytics+junior%2C+looks+at+his+watch+in+the+afternoon+after+class.+Kelley+is+upset+that+his+major+requires+two+accounting+classes.+VANESSA+ALVARADO%2FThe+Maroon.+Photo+credit%3A+Vanessa+Alvarado
Cameron Kelley, business analytics junior, looks at his watch in the afternoon after class. Kelley is upset that his major requires two accounting classes. VANESSA ALVARADO/The Maroon. Photo credit: Vanessa Alvarado

Cameron Kelley, business analytics junior, looks at his watch in the afternoon after class. Kelley is upset that his major requires two accounting classes. VANESSA ALVARADO/The Maroon. Photo credit: Vanessa Alvarado

Vanessa Alvarado

Vanessa Alvarado

Cameron Kelley, business analytics junior, looks at his watch in the afternoon after class. Kelley is upset that his major requires two accounting classes. VANESSA ALVARADO/The Maroon. Photo credit: Vanessa Alvarado

Cameron Kelley

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Is it fair to put unnecessary core classes into a student’s workload?

As a student of the College of Business here at Loyola University, like other colleges, within the school there are a set of core classes you have to take in order to graduate. Within these cores, a business student has to take two accounting classes no matter what their major is. Accounting, being one of the hardest business majors because of the amount of precision needed to do the work correctly, is a difficult course. It takes a lot of time learning the material and practicing in order to fully understand every step in the accounting process. As a business analytics major I know that the use of accounting is useful, however I do not understand why there are two separate accounting classes; principles of financial accounting and managerial accounting. A question that comes to mind when taking these classes is: why do I, a business analytics student, have to take two intermediate accounting classes? An intro class that introduces the concepts of accounting to me would make much more sense as a class to choose from. Many majors within the college have intro classes including management and marketing. In these intro classes there are many units and these units are based on practices in these fields.

Taking these accounting classes takes hours of a students time. Especially to students that are new to the practices like me. Homework can take many grueling hours. It is a heavy workload for a single class considering you have homework due before every class period. I believe that this workload is unbearable with my classes, extracurricular activities, and everyday life.

When I took accounting my first time it was extremely challenging. Keeping up with the homework and work for other classes was a huge struggle and I fell behind which made it difficult to learn the material taught later in the class since I was not entirely caught up on what was common knowledge of later chapters. A single business subject that does not relate to your concentration should not hold a person back from excelling and doing their best here at Loyola.

I am writing this opinion not bashing the College of Business, but to share my voice and my feelings. I absolutely love my business classes. The teachers go above and beyond and want the best for their students. As a student that has struggled with accounting and does not find much interest in the subject, I feel that this holds me back from getting the best possible GPA due to the difficulty and time taking these accounting classes. Rather than having financial and managerial accounting, I would prefer a single intro class to non-accounting majors that introduces basic accounting then have subsections of financial and managerial accounting. This would not only eliminate the need for two classes but help students like myself that struggle with the concepts of accounting get the best possible GPA in college. I know for myself it would be a huge weight off my shoulders to not struggle when I take these two accounting classes.

 

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About the Photographer
Vanessa Alvarado, Opinion Editor

I am a Mass communication junior from Boston, Massachusetts and I am the Opinion Editor. I was previously a staff writer and opinion editor assistant. I wrote articles and ran Ask the Pack as assistant. I hope to make the opinion section a student favorite at Loyola. In my free time I binge watch Jersey Shore. My idol is Jane Villanueva from Jane the Virgin. Contact: [email protected]

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1 Comment

One Response to “Opinion: Being a business analytics major is a struggle”

  1. Jerry Lenaz on September 26th, 2018 4:03 pm

    Hi Cameron,
    I came across your blog and would like to share some of my thoughts with you. I graduated with an MBA from Tulane over 20 years ago and have worked in all sorts of industries and business capacities. When I was taking Accounting classes, I too questioned the need for the detailed accounting education when I knew I wanted to go into marketing, entrepreneurship, and consulting – why do I need know how to properly credit and debit transactions, create T accounts, and appropriately account for contracts. They have accountants do that for us!

    However, having 20 years of practical experience under my belt, and having had to deal with accountants (controllers, CFOs, CEOs, Small Business Owners, etc.), the one thing that kept coming up in my mind was “I wish I took more accounting courses”. I know this may sound like anathema, but accounting is the bedrock of all businesses (especially if you will be going into Business Analytics). If you think about every business scandal that has happened in the past 20 years, from Enron to Worldcom, Lehman Bros to Bear Stearns, all were based on accounting principles (and accountants) going awry, and very few people seeing the signs before it was too late.

    I have two suggestions for you that you can take or leave:
    1) Think of accounting as a language, not math. Every financial statement, and every transaction is actually a story of what is going on with a business. When I meet with a new client now, the first thing I ask from is three years of past financial statements. When something doesn’t look right, I ask for the accounting transactions, and then I can usually tell the exact business situation someone was in when they decided to make that accounting choice.

    2) Ask your professors for extra help, or find a tutor (preferably one who is a CPA and has worked with business). The accounting can seem arcane when it is done without context (or in a case study where there is little background), but getting real life examples of how accounting really is the language of ALL business (and all across the world) can make a huge difference.

    Best of luck in the rest of your courses and your future educational endeavors, and I hope you learn to appreciate and understand the greater context accounting has on all of your business courses.

    Best,
    Jerry Lenaz
    Program Director, Business and Leadership Studies at Tulane School of Professional Advancement

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