Reading Time: 8 minutes Embarking on the academic journey of higher education, especially within the vibrant and dynamic sphere of business, presents a myriad of pathways, each laden with its own set of promises and challenges. Among these, the decision to pursue a double major in accounting and finance emerges as a particularly intriguing crossroad, offering a blend of rigorous analytical discipline and strategic financial foresight. This choice is not merely about acquiring a dual set of skills; it’s about embracing a holistic approach to understanding the intricate tapestry of the business world, where numbers tell stories of past performances and shape future strategies. This article aims to unfold the layers of this decision, exploring the deep interconnection between accounting and finance—two fields that, while distinct, share a fundamental goal: to enhance the financial health and efficiency of organizations. By delving into the synergies that bind these disciplines, we will uncover the multifaceted advantages they offer when pursued in tandem. Moreover, we will navigate through the critical considerations that every aspiring professional must contemplate before embarking on this demanding yet potentially rewarding academic voyage. So, join us as we will hopefully answer the question that many of you young academics inquire.  The Synergy Between Accounting and Finance  In business, the disciplines of accounting and finance stand as two pillars, each supporting and enhancing the other in a complex dance of numbers and strategy. To truly appreciate the synergy between these fields, one must delve into the essence of what they represent and how they intertwine to form the backbone of successful business operations. Accounting in a Nutshell  Accounting, often referred to as the “language of business,” is a discipline grounded in the meticulous recording, analysis, and reporting of financial transactions. It’s a historical lens through which the financial narrative of a company is viewed, offering a detailed account of its past financial decisions, performances, and outcomes.  Accountants are the scribes of the business world, documenting every financial move to ensure transparency, compliance, and accountability. At its core, accounting provides the foundational data necessary for informed decision-making. It’s about precision and reliability, with principles and standards that ensure consistency and comparability across time and entities.  This historical record is not just a ledger of past transactions; it’s a treasure trove of insights that, when properly analyzed, reveals patterns, trends, and financial health indicators that are crucial for both internal management and external stakeholders. Finance in a Nutshell Finance, on the other hand, is the art and science of managing money. It’s forward-looking and concerned with the allocation of assets and resources to maximize value and minimize risk.  Finance takes the baton from accounting and sprints toward the future, using historical data as a springboard to forecast, plan, and strategize. It’s about vision and foresight, assessing opportunities and risks to steer the company towards sustainable growth and profitability.  Financial professionals are strategists and visionaries, using tools like financial modeling, risk assessment, and investment analysis to paint a picture of what could be. They navigate the uncertain waters of market fluctuations, economic trends, and regulatory changes, crafting strategies that leverage the company’s strengths and mitigate its vulnerabilities. So, How Are They Connected? The true magic happens when accounting and finance converge, creating a symbiotic relationship that fuels informed decision-making and strategic planning. Accounting provides the solid ground of verified data, ensuring that financial strategies are rooted in reality and not speculative whims. This reliable data is the bedrock upon which finance builds its castles in the sky, transforming historical facts into future possibilities.  Understanding both accounting and finance offers a panoramic view of the business landscape, enabling professionals to navigate it with greater acumen and foresight. It’s a holistic approach that acknowledges the importance of where a company has been (accounting) in charting a course for where it wants to go (finance). This dual perspective fosters a more nuanced understanding of business operations, enhancing the ability to make decisions that are both financially sound and strategically astute.  The synergy between accounting and finance is not just about combining two sets of skills; it’s about weaving a richer, more comprehensive tapestry of business understanding. It’s about seeing the numbers not just as a record of what has been but as a map to what could be, guiding businesses through the complexities of the modern economic landscape with wisdom, insight, and foresight. Advantages of a Double Major in Accounting and Finance With that said, the synergy of accounting and finance is glaringly obvious to see. So, what are the advantages of double majoring in accounting and finance? Let’s find out. Career Flexibility and Opportunities  A double major in accounting and finance significantly broadens one’s career horizon. It opens doors to roles that demand expertise in both areas, such as financial analysis, where understanding the nuances of financial reporting is as crucial as forecasting and budgeting. Investment banking, corporate finance, and management accounting are other fields where the dual skill set is highly prized. According to an article on Accounting.com, industry feedback suggests a strong demand for accounting majors who graduate with a dual degree related to information systems or finance. Many dual-major accounting degrees are available, and they can be obtained from a wide range of institutions, from Ivy League schools to local community colleges. A double major in accounting and finance prepares students with highly sought-after skills and knowledge in statistics, marketing, business principles, and organizational behavior.  This particular double degree trains students to evaluate a business’s solvency and offer recommendations for improving its financial profile. On a personal level, students can learn to mitigate risk and invest more prudently, managing their own finances with greater acumen. This combination of skills and knowledge not only makes graduates more appealing in the hiring process but also expands the job pool from which they can choose upon graduation. In a highly competitive economy, accounting graduates with a double major have an edge that might be crucial for landing a job or maintaining job security. The commitment and hard work

Reading Time: 4 minutes The categorization of academic disciplines plays a crucial role in shaping students’ career paths and opportunities. Among these disciplines, STEM—Science, Technology, Engineering, and Mathematics—stands out for its emphasis on innovation, problem-solving, and technical skills.  However, as the boundaries of knowledge expand and intersect, questions arise about where certain fields fit within these categories. One such field under scrutiny is finance. Is finance a STEM major? This question is more than academic; it touches on the core of how we understand and value different forms of knowledge. This article will focus solely on answering this question. So, let’s begin. Understanding Finance as a Discipline  At its heart, finance is the art and science of managing money. It encompasses a broad range of activities, from personal saving and investing to corporate finance, banking, and market analysis.  Finance professionals strategize and analyze numbers to drive economic growth, manage risks, and make informed decisions about resource allocation. It’s a field deeply intertwined with the movements of national and global economies, requiring a keen understanding of market dynamics, investment strategies, and financial instruments. So, is finance a STEM major? The short and accurate answer is no. However, we’re not done yet as we will give you the arguments for and against adding finance as a STEM major. Arguments for Finance as a STEM Major Quantitative Finance and Computational Finance One of the strongest arguments for classifying finance as a STEM major is its reliance on quantitative methods and computational finance. These areas use intricate mathematical models, statistical analysis, and computer programming to dissect complex market behaviors and risk factors.  The integration of quantitative finance, with its focus on mathematical models to predict market movements, and computational finance, which applies computer programming to financial analysis, blurs the lines between finance and traditional STEM disciplines. Technological Integration The role of technology in finance cannot be overstated. Financial technology, or FinTech, has revolutionized the way financial services are delivered and consumed. Innovations such as blockchain, algorithmic trading, and machine learning are not just add-ons to the finance industry; they are reshaping its very foundation.  This deep integration of technology into finance suggests a strong alignment with the STEM fields, which are characterized by their focus on technological advancement and application. Educational Programs Several leading educational institutions offer programs that explicitly blend finance with technology, further supporting the argument for finance as a STEM major. For instance, MIT’s Sloan School of Management and UC Berkeley’s Haas School of Business offer Master’s programs in finance that emphasize quantitative skills, mathematical modeling, and data analysis. These programs are classified as STEM, highlighting the recognition of finance’s quantitative and technological dimensions. Arguments Against Finance as a STEM Major Despite the compelling arguments for including finance within the STEM umbrella, there are several reasons why it might not fit neatly into this category. Nature of Knowledge STEM fields are characterized by their reliance on empirical evidence, mathematical precision, and the scientific method. While finance certainly utilizes mathematics and data analysis, it also incorporates a significant amount of subjective judgment and is influenced by human behavior, psychology, and economic policy. This blend of quantitative and qualitative analysis sets finance apart from the more empirically focused STEM disciplines. Interdisciplinary Nature Finance is inherently interdisciplinary, drawing on insights from economics, psychology, sociology, and law. This broad foundation allows finance professionals to navigate complex markets and organizational dynamics. In contrast, STEM fields often have a more narrow focus, delving deeply into specific areas of science and technology. Perception and Innovation The perception of creativity and innovation in finance versus STEM fields also differs. While STEM is associated with groundbreaking discoveries and the development of new technologies, finance is often seen as more conservative, focused on managing existing resources rather than creating new ones. This difference in focus and perceived innovation may contribute to the hesitation to classify finance as a STEM discipline. Universities and Organizations’ Classification of Finance The classification of finance as a STEM major varies among universities and professional organizations. Some institutions, recognizing the quantitative and technological rigor of certain finance programs, classify them as STEM.  This classification can have practical implications, especially for international students in the U.S., who may qualify for extended work authorization under STEM OPT extensions. However, other universities and organizations maintain a traditional distinction between finance and STEM, emphasizing the unique characteristics that set finance apart. Career Prospects for Finance Majors Whether classified as STEM or not, finance majors have a wide range of career opportunities. For those in STEM-classified programs, careers in quantitative analysis, financial engineering, and risk management may be particularly accessible, reflecting the demand for professionals with strong mathematical and technical skills.  Conversely, finance majors from non-STEM programs can find rewarding careers in investment analysis, financial advising, and corporate finance, where a broader understanding of markets and organizational dynamics is essential. Benefits of STEM vs. Non-STEM Classification The classification of a finance program as STEM or non-STEM can influence the skills students develop, their career prospects, and their eligibility for certain benefits, such as the STEM OPT extension in the U.S. STEM-classified programs often provide rigorous training in quantitative methods and technological applications, preparing students for highly technical roles in finance and related fields.  On the other hand, non-STEM finance programs may offer a more holistic education, emphasizing critical thinking, communication, and ethical decision-making alongside quantitative skills. Conclusion The question of whether finance is a STEM major reflects broader debates about the nature of knowledge, the role of technology in modern professions, and the evolving landscape of higher education.  While finance shares many characteristics with STEM disciplines, including a reliance on quantitative analysis and technological tools, it also retains distinct elements that set it apart. Ultimately, the classification of finance may depend on the specific focus and curriculum of individual programs, as well as the criteria used by educational institutions and accrediting organizations. As the boundaries between disciplines continue to blur, the debate over finance’s classification may remain unresolved. However, this ambiguity does not diminish the

Reading Time: < 1 minute Sharing your Wall Street Journal (WSJ) subscription can be a tempting way to save money, but it’s important to understand the terms of service before you do. The WSJ’s Subscriber Agreement states that only one individual may access a Service at the same time using the same username or password. This suggests that sharing an account is not permitted. However, Section 8.1 of the Agreement also implies that multiple individuals may share a given username or password so long as they do so at different times. So, while the answer could be more precise, an account may be allowed if users do not access it simultaneously. Here are some things to consider before sharing your WSJ subscription: Ultimately, the decision of whether or not to share your WSJ subscription is up to you. But it’s important to weigh the risks and benefits before deciding.

Reading Time: 4 minutes In a world where financial goals often feel elusive, the idea of saving $2000 in just 2 months might sound like a distant dream. But what if I told you the goal is achievable and within your grasp? Yes, you read that right – you can save $2000 in 2 months. And there’s more to it than meets the eye.  In this comprehensive guide, we will reveal the methods to reach this goal and provide you with a roadmap to make it happen. Before We Begin Before we get into how to save $2000 in 2 months, we must mention a few things. Achieving any financial goal requires patience, long-term commitment, and discipline. Without these, it’s easy to stray from the path and disrupt your plans.  Moreover, your income is pivotal in determining whether saving $2000 in 2 months is feasible. If you earn less than $2000 during this period, it might be impossible to achieve this goal without some creative thinking or additional income sources. With that out of the way, let’s get into the three ways to save $2000 in 2 months.  3 Strategies to Save $2000 in 2 Months We’ve put together a list of three strategies to help you save $2000 in 2 months. Those are the monthly, weekly, and daily strategies. Let’s explain all three: The Monthly Strategy Saving $2000 in 2 months means we can break it down into two $1000 increments. Therefore, you aim to save $1000 in the first and $1000 in the second month. It doesn’t matter how you get there, what’s important is to save $1000 for each of the two months. This approach is achievable and might be the preferred strategy for many. Here is how to do that: Breaking down $2000 in 2 months into two $1000 increments is a more structured approach to reaching your end goal. But what if you wanted an even more structured approach with more stringent rules? Well, let’s discuss the following strategy, the weekly strategy. The Weekly Strategy The weekly strategy is a detailed approach with strict rules and an even smaller cash amount requirement to reach the $2000 goal. This approach means breaking down the two-month interval into eight weekly intervals. You can use the before-mentioned tips to achieve your goal. Here is how to do that: Here is a table for a graphic look at the weekly savings strategy:  Week 1-3 Save $200 per week = Total $600 Week 4-6 Save $400 per week = Total + previous weeks $1800 Week 7-8 Save $100 per week = Total + previous weeks $2000 The Daily Strategy For some, making smaller but more frequent contributions works best. If you’re the sort of person that likes even more structure when saving money, the daily savings plan can be a highly effective solution. Here is how to make the daily strategy work for you: Wrapping Up To answer the “How to save $2000 in 2 months” question, you must understand the importance of creating a budget and following a savings plan. Since the goal is to save $2000 in 2 months, it gives you enough flexibility to follow the best savings strategy for you. This could involve two $1000 intervals, weekly savings payments, or a daily savings plan. What’s important is to commit to the savings strategy of your choosing and follow it through to the end. 

Reading Time: 4 minutes When the time comes to part ways with a lifetime of accumulated possessions, whether due to relocation, downsizing, or the passing of a loved one, a popular option is to hold an estate sale.  An estate sale is a process that involves the organized liquidation of personal belongings, often within a residential property. This method allows individuals or families to efficiently clear out their possessions while also providing an opportunity for buyers to discover unique treasures.  In this article, we will answer “What is an estate sale,” discussing their purpose, how they differ from garage sales, who manages them, the role of estate sale companies, and more. Let’s begin. What Is an Estate Sale? An estate sale is essentially a large-scale sale event where the majority of the contents of a home, or even an entire estate, are put up for sale. An estate sale includes a wide range of items, such as furniture, appliances, artwork, antiques, collectibles, clothing, kitchenware, and more.  Unlike a traditional garage sale, where items are often displayed on the driveway or lawn, estate sales typically occur indoors, within the residence itself. The goal is to effectively liquidate a significant portion of possessions within a short period of time. Why Would You Organize an Estate Sale? Estate sales are organized for various reasons and serve different purposes for different people. Some common situations that lead to estate sales include: Is an Estate Sale The Same as a Garage Sale? While both estate sales and garage sales involve the sale of personal belongings, there are key differences between the two: Who Manages the Estate Sale? Estate sales can be managed by various parties, including: What’s the Role of an Estate Sale Company? An estate sale company is a common party to manage the estate sale process. Estate sale companies play a crucial role in planning, organizing, and executing successful estate sales. Their responsibilities often include: Estate sale companies are responsible for the entire estate sale process. They come in and assess the possessions, helping streamline the process in an orderly manner.  How Much Do Estate Sale Companies Charge For Their Services? Should you consider hiring an estate sale company to take over the estate sale process, you should be aware of their pricing structures. Typically, estate sale companies employ different pricing structures to charge for their services. Here are some common approaches: Below is a table that outlines the typical percentage most estate sales companies charge based on the percentage of gross sales made: $5,000 – $10,000 50% $10,001 – $15,000 45% $15,001 – $20,000 40% $20,001 – $30,000 35% $30,001 + 30% Wrapping Up In essence, an estate sale is a comprehensive process that involves the strategic sale of possessions, often in a residential setting. It serves various purposes, from downsizing to settling an estate, and is distinct from garage sales due to its scale, organization, and the types of items involved.  Whether managed by family members or entrusted to estate sale companies, these events provide an opportunity to both sellers and buyers in the dynamic world of possessions and collectibles.

Reading Time: 2 minutes In the trading and investment world, understanding the nuances of fund settlement is crucial. One such aspect that often arises in the context of trading platforms like Robinhood is the concept of Robinhood unsettled funds.  Unsettled funds play a significant role in determining your trading capabilities and strategies, and it’s essential to grasp their mechanics to navigate the trading landscape effectively. This article will answer “What are Robinhood unsettled funds” and everything around it. Let’s begin. Robinhood Unsettled Funds Explained Unsettled funds on Robinhood refer to the funds from a recent sale of stocks or other securities that have not yet completed the settlement process. When you sell a security, the transaction needs time to be fully processed, which includes confirming the trade details and transferring ownership and payment between parties.  During this settlement period, the funds from the sale are considered “unsettled.” The unsettled status occurs because of the industry-standard settlement cycle, the T+2 cycle. This cycle stands for “trade date plus two business days.” In simpler terms, when you sell a security, you must wait two business days before the funds become available for withdrawal or to make further trades.  During this period, the funds are in a pending state. You can use them in your margin account but not your cash account.  How Long Does It Take for Unsettled Funds to Settle on Robinhood?  It typically takes two business days for your unsettled funds to settle on Robinhood, based on the previously-mentioned T+2 settlement cycle standard.  For instance, if you sell a stock on Monday, the funds from that sale will become available for withdrawal or trading on Wednesday. This waiting period is a standard industry practice and applies to various types of securities, including stocks and options. Why Are My Funds Not Settled on Robinhood?  There could be instances where you might wonder why your funds are unsettled on Robinhood. This situation can arise due to several factors, including: Can I Trade With Robinhood Unsettled Funds? Despite the unsettled status, you can indeed trade with Robinhood unsettled funds. But there’s a caveat. Allow us to explain: The restrictions apply to most brokerages, like Robinhood.   Wrapping Up So, what are Robinhood unsettled funds? Robinhood unsettled funds are funds from recent sales of Robinhood stocks or other accepted asset classes. It takes two to three business days for these funds to settle in your Robinhood account fully. You can still use these funds to trade stocks, cryptocurrencies, and options, but you cannot use them to cover margin calls.