What is in ABM strand?

ABM stands for Accountancy, Business, and Management. ABM helps you enhance your knowledge in business and managing. It is also important to maintain balance which is pertaining to Acountancy.

ABM strand is not easy. You will have to spend much effort when it comes to time management. Being an ABM student will give you a lot of opportunities to build and run your own business.

“Business opportunities are like buses, there’s always another one coming.” – Richard Branson

You will have a better understanding of all topics relating to business finance,economics and marketing. ABM offers students the opportunity to undertake work placements and professional projects. In ABM, you can explore more, you will learn more on how to manage your own business, if you are planning to build one.

You will have a knowledge on what business are you going to start with and how will you run your business. ABM is not just focusing on how will you manage your business, it also tackles about the payment that Skills. e going to pay, the risks in managing business and on how for your business to be successful.

“Success usually comes to those who are too busy to be looking for it.” – Henry David Thoreau

The ABM strand in its most fundamental sense refers to the accountancy, business, and management academic programs that concentrate on the foundational concepts in corporate operations, financial management, business management, as well as each and every factor that revolves around those central fields. The ABM strand can take you on a direct path to careers in accounting and management: sales management, human resources, marketing director, bookkeeper, project officer, accounting clerk, internal auditor, and many more.

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You should expect to be immersed in studying management and financial accounting along with the business, legal, and organizational contexts that you would be working with as you go along your road in a professional enterprise. By taking the ABM strand you will be trained to analyze assets, understand everything involved with financial positions, interpret various profitability, and prepare audit accounts.

Studying accountancy does not necessarily entail that you are limited to just being an accountant. You are opening the gate for wonderful careers as an: accounts payable clerk, bookkeeper, chief financial officer, budget analyst, internal auditor, and many others.Accounting is a field that has to do with the measurement, processing, and relaying of financial information with regards to economic entities, such as corporations and businesses.

Types of accounting:

• Management Accounting

• Auditing

• Financial Accounting

• Accounting Information Systems

• Tax Accounting

You can get on the track to the corporate settings of an administrative assistant, loan officer, community service manager, market research analyst, financial advisor, statistician, etc.

Business administration in its most basic definition is the management of a business. It involves each and every aspect of both overseeing and supervising business operations and all its related fields: accounting, finance, and marketing.

Let's talk about Communication Skills!

While taking the ABM Strand track, you are going to learn how to communicate with different types of people. Running a business involves clear and concise communication. You will learn to adapt to the communication skills that are required for various business courses.

Running your own successful business is impossible to be achieved all on your own. There is a crucial team dynamic that comes into play with all business operations regardless of size, scale, and scope. Not only will your communication skills be used, your leadership skills will also be practiced and honed.

And analytical skill, With the ABM Strand track, your reasoning skills are going to get sharpened to their fullest potential. This is one of the most necessary skill sets that you are going to master while studying the fields of business, finance, and accounting.

As mentioned earlier, the time managment skill is a must. Objectively speaking, this is arguably one of the greatest skills that you could have, especially as you begin your journey in higher education. You are going to learn how to budget and allocate your time in such a way that everything will be efficient, effective, and simple. With the required workload, you are going to go through with the ABM strand, your time management skills will be practiced to near perfection.

The ABM Strand program offers a multitude of opportunities and direct career paths that can propel you into both personal and professional success. As previously mentioned, studying under the ABM Strand will cover the fundamentals of accounting, finance, management, and even entrepreneurship. These are the key arenas for making any business thrive. But besides the direct careers in accounting, management, and finance, there are many other common career paths that you can pursue under the ABM Strand:

1. Business Careers in Retail and Sales There’s a lot more that goes into retail and sales than just simple shelf-stacking. If have successfully undergone the ABM Strand, opportunities within sales and retail teams in absolute abundance. Whether its shop-based roles, office-based roles, or traveling positions, an impeccable knowledge and understanding of the global market is crucial.
   

2. Business Careers in Media It may seem as though the ABM Strand track is not such a creative pursuit, but the truth is that there are many colorful pathways that the ABM Strand can open up for you to entering the many creative industries. Media industries such as TV, film, the digital sphere, print media, etc. is always in need of individuals with a strong handle on sales, human resources, public relations, finance, accounting, operations, marketing, etc.
   

3. Business Careers in Marketing and Advertising Jumping off from the previous point, career opportunities in both marketing and advertising are aplenty for those under the ABM Strand. In these industries, the knowledge that you gain from taking the ABM Strand will equip you with the skills and information necessary to conduct market research, develop advertising strategies, manage client relationships, coordinate with copywriters, producers, and designers, analyze market trends, and evaluate results.
   

4. Business Careers in Human Resources Human resources offer roles that require both efficient business prowess and highly effective interpersonal skills. Company matters such as recruitment, training, and pay are all the foregrounding areas that are handled by the human resources department. So it goes without saying that impeccable communication skills are essential. However, you are also going to be expected to have a good understanding of business management and operations because one of the primary roles in the human resources department is exemplary knowledge of employment laws and company regulations.

AbM strand is truly effective in business field. This strand focuses on learning the basic concepts of business and learning associated skills in other related fields like finance, management, corporate and operations.

Balancing, Analyzing, Managing, and Communicating is important. Learning them is like taking another step forward to success.