The global economy has witnessed an extensive transformation over the past few years. There has been a significant progression in the areas of digital payments, E-Commerce, net banking, etc. Not only is the financial sector taking exciting twists and turns with the digitalization, but, various other sectors have showcased improvements. Taking the education sector into consideration, the demand for courses in accounting and finance has also increased with the changing trends. There are different factors that a student considers before enrolling for accounting or finance courses. One of those is the benefits that the degree brings to a student. Financial accounting utilizes a series of established accounting principles. The selection of accounting principles to use during the course of financial accounting depends on the regulatory and reporting requirements the business faces.