What is an Accounting Degree?
With an Accounting degree, you’ll learn essential competences in finance and business. Skills you can obtain while pursuing an Accounting degree include being able to analyze complicated financial data, prepare taxes, audit companies, and to make strategic management decisions. The kinds of classes you would take to obtain an online degree in Accounting, while dependent on any specialization you may have, include financial reporting, taxation, strategic management, business law, business ethics, statistics, and managerial accounting theory. After pursuing an accounting degree many students go on to a career in business, and an accounting degree can give many crucial financial management skills necessary to succeed in their field.
What are the Levels of an Accounting Degree?
You can pursue either an associate’s, bachelor’s, master’s degree, doctorate, or certificate in Accounting. An associate’s degree should take about two years to complete. A bachelor’s degree takes about four years to complete, and makes you eligible for entry-level accounting positions in both private firms and public institutions. A master’s degree in accounting takes about two years to complete, but is dependent on the fact that you already have a bachelor’s degree, often in accounting. Otherwise, possessing a non-accounting bachelor’s and wishing to earn an advanced degree in Accounting may necessitate that you take certain qualifying courses (mostly in the field of mathematics) before enrolling in the master’s program. More information:
- Associate’s in Accounting
- Bachelor’s in Accounting
- Master’s in Accounting
- Doctorate in Accounting
- Accounting Certificate
What Can I Do With This Degree?
An Accounting degree will allow you to pursue a job in finance, be it in the public or the private sector. Accountants are usually intimately involved with a company’s or organization’s financial records, and often work extensively with tax codes and fiscal protocol. Some specializations that you can focus on during and after your degree include financial accounting, managerial accounting, cost accounting, tax accounting, public sector accounting, auditing, and accounting consultancy. Many companies’ chief financial officers possess accounting degrees, as their education mandates a sort of exactitude and discernment often necessary to operate a large business.
What is the Job Outlook for an Online Accounting Degree Graduate?
According to the U.S. Bureau of Labor Statistics, job outlook for accountants is good. The organization projects that the field will remain stable, and grow at a consistent rate of about 16 percent from 2010 to 2020. Additionally, the bureau projects that the financial crisis of the late 2000s may actually help accountants, as more government regulations and sanctions are now in place on the financial industry. In 2010, the median pay for accountants was over $61,000 per year.
Do I need to Obtain any Certifications to Practice?
While you do not necessarily need to be certified to be an accountant, a certification helps in the hiring process and for salary and benefit increases. Certification may be mandated by some offices, especially further into an account’s career. CPA, or Certified Public Accountant, is perhaps the most prestigious certification and helps guarantee to employers and clients an accountant’s credibility. Other certifications include CMA, or Certified Management Accountnat, as well as more specific industry certificates, like Certified Internal Auditor (CIA), Enrolled Agent (EA), or Certified Fraud Examiner (CFA).
Gain access to articles that prepare you for life after graduation. Learn the pros and cons of starting your own accounting firm, as well as the accounting specialities you can go into. Learn about average salaries of an accountant as well as the work environment you can expect.
Similar to other Business degree programs, there is an opportunity to specialize in particular areas of accounting. You can choose to pursue areas like financial accounting, forensic accounting, managerial accounting, tax accounting, public accounting, and consultancy.