Once you document all asset and liability figures, total your assets and liabilities. Next, subtract total liabilities from total assets to determine your net worth figure. Certain types of debt, such as a mortgage, can be considered "positive" debts as long as you're able to consistently make your monthly mortgage payments. Your ultimate goal is to regularly increase your assets while making sure your liabilities are kept in check and on a downward trajectory. And keep in mind that the cost of carrying debt (particularly credit card debt ) is reflected in interest rates that are generally higher for those with lower credit scores.
My philosophy in relation to my future profession can be summarized by the following statement: ‘Accounting is like an art’. You have to analyze every aspect of a financial transaction before making an informed and professional decision. A teacher once told me that if you were good at art and could think creatively using numbers then you would be good at accounting. I have taken quite a few courses in accounting, learned to use accounting software proficiently and studied organizational behavior in the workplace. These courses expanded my practical knowledge of accounting and finance and I am certain I can excel in the selected MBA program that your institution offers (name of institution). My philosophy that ‘accounting is like art’ because it takes a long time to master, requires dedication and perseverance to truly excel.
My accounting career started in 2007. I had landed my first accounting job not long after I graduated from Virtual University. I have been employed there for about two years. Now I am interested in attaining an MBA in Finance offered in cooperation with Virtual University. By devising original business plans, carefully selecting accounting techniques, creatively organizing personnel and choosing effective accounting strategies, I will be able to transform my ideas and innovative talents into the desired result. My motivation to enroll in and complete an advanced program in MBA Finance stems from my previous success in the Master of Finance program at Virtual University. The Virtual University’s program is jointly operated by Comsat and more than 100 instructors are from different countries. I achieved great successes at VU and will continue to recommend their programs to anyone looking to pursue a career in finance. I have been appointed as class advisor to first-year students. I have also been appointed as chief curriculum supervisor in Virtual University’s Business Administration Department.
I believe that such an excellent academic experience is possible only at VU. Your program is flexible enough for participants to devise a course of study appropriate for their needs and interests. In addition to attendance at course sessions, participants are provided with a high level of personal supervision and guidance by experienced staff. In summary, I believe that I will continue to make breakthroughs in my career based on the knowledge and skills that I will acquire from your program. Your program will help me fulfill the role I am most interested in — becoming a well-trained accounting specialist who makes unique contributions in the ever-expanding accounting industry of my home country. Thank you very much for considering my statement for this program.