ABM Strand

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Accountancy Business and Management


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. The accounting field has been called the “language of business” because it measures and facilitates the results of an organization’s economic activities.

Practitioners of accounting are known as “accountants”. Another term synonymous with accounting is “financial reporting”.

Modern accounting has been defined as the keeping and preparing of an entity’s financial records. The main job of a professional accountant mainly involves the verification and analysis of such records through the fundamental principles and procedures of accounting.

Let’s explore the main fields in accounting:

  • Financial Accounting

Financial accounting centers on the reporting of an organization’s financial information for creditors, investors, and potential investors. It involves the calculation and recording of business transactions as to prepare financial statements for said external users in accordance with the GAAP or Generally Accepted Accounting Principles.

  • Management Accounting

Management accounting is focused on the measurement, analysis, and reporting of information as to assist managers in making the right decisions that are geared towards the fulfillment of an organization’s main objectives and goals.

In the field of management accounting, internal reports are based on cost-benefit analysis, and are not required to adhere to the GAAP.

  • Auditing

Auditing is basically the verification of assertions that were made by others with regards to payoffs. In the field of accounting, this refers to the unbiased examination and evaluation of an organization’s financial statements. An audit is a professional service that is conventional and systematic.

  • Accounting Information Systems

Accounting information systems are an integral part of an organization or company’s overall information system that is centered on processing its accounting data. There are many corporations that utilize artificial intelligence-based information systems.

The banking and finance industry uses artificial intelligence for customer services and is also used for cybersecurity. Accounting information systems utilize both computer hardware and software systems for statistics and modeling.

  • Tax Accounting

Corporate and personal income are taxed at varying rates, both in accordance with income levels with different marginal rates. Tax accounting generally concerns the recording, examination, and analysis of an individual or company’s tax rates and their adherence to tax policies.

  • Assurance Services

refers to the examination, verification and evaluation of, and the reporting on, financial or managerial processes, systems or outcomes in diverse and evolving contexts of accountability, to improve economic decision making and add value to clients.
  • Treasury and Financial Markets
refers to that area of work concerned with the global management of financial risk for organisations and the evaluation of financial investments.
  • Management Consulting
refers to the examination and evaluation of strategies, systems, processes, outcomes and managerial dynamics of an organisation with a view to providing recommendations for improved performance.

Possible Career Paths with the ABM Strand

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:

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.

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.

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.

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.

About this Strand
This strand is designed as an introductory course in accounting and business and management where students are trained to think logically and scientifically and are acquainted with the rudiments of accounting, business and management concepts and principles in order to prepare them to pursue college degrees that focus on business and industry where their contribution as future accountants, entrepreneurs, and business leaders are vital to the progress and development of the economy and critical to the promotion of a sustainable green business.
Advantages of Taking the ABM Strand

As mentioned earlier, the ABM strand generally has three main specifications: Accounting, Business, and Management. First and foremost, taking the ABM Strand track will allow you many opportunities to start and run your own business. You will be trained in practicing proper time management and develop many other skills that are going to be applicable for almost any career path that you choose to pursue.


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.

Finance Skills

Accounting is an integral part of this track. By getting attune to the critical principles of how the exchange of money actually works and the foundational mathematical syllogisms that makeup accounting theory, you are going to learn how to properly handle a business and your own finances.

Collaboration Skills

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.

Analytical Skills

Logical prowess is crucial for any business operation. 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.

Time Management

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.

  • Accountancy
  • Management Accounting
  • Banking and Finance
  • Business Administration
  • Marketing
  • Entrepreneurship
  • Human Resource Development Management
  • Hospitality Management
  • Tourism