This page is about online accounting programs (or accountancy courses online), what the courses are, what employers expect, certification, and what you can earn after completing an online bachelors in accounting or an online Masters in accounting.
Accounting (accountancy) is an essential part of any business. Basically it is concerned with the preparation, analyzing and interpretation of financial statements. In the case of 'Financial Accounting' reports are mainly produced for external stakeholders such as creditors, investors, and lenders. But in the case of 'Management Accounting', reports are generated on a regular basis for the company's managers and the chief executive officer to enable them to make day-to-day and short-term decisions. But an accountant is also very likely to be involved in the business planning process.
Computer skills and the use of accounting software is now an integral part of accounting.
The Associate of Arts in Accounting (AA in Accounting) degree program develops the foundation of knowledge related to accounting in terms of business strategy, financial statements, cost information, economics, management, and ethical issues.
At the Bachelor's level , core competencies in technology, critical thinking, and communication are emphasized throughout the curriculum, which typically includes: performance analysis, budgeting, managing controls, taxation, and auditing.
The Master of Science in Accounting will help you broaden your knowledge in a variety of accounting specialties, such as forensic and international accounting. Coursework usually includes accounting theory and research, accounting information systems, managerial accounting, financial reporting, auditing, taxation, not-for-profit and government accounting, forensic accounting, and accounting ethics. You can also specialize in Accounting in an MBA, in which you will study advanced financial reporting, auditing theory, taxation.
Make sure the course you select helps you to meet the "150 Hour Requirement" for the CPA Exam and possibly also meet the requirements for the CMA designation (details below).
The following colleges and universities offer accounting programs at various levels online.
Most companies want their accounting employees to be certified by an appropriate body, for which you usually have to pass a series of tests offered by the relevant Institute.
In the US, legally practicing accountants are Certified Public Accountants (CPAs), and other non-statutory accountants are Certified Internal Auditors (CIAs), Certified Management Accountants (CMAs) and Association of Certified Project Accountants (ACPA) Accredited Business Accountants (ABAs).
In Canada, there are three recognized accounting bodies: the Canadian Institute of Chartered Accountants (CA), the Certified General Accountants Association of Canada (CGA), and the Society of Management Accountants of Canada, also known as the Certified Management Accountants (CMA).
The sort of salary you could expect will depend on any experience you might bring, which US state or Canadian province you work in, the size of the company, and many other variables. In the USA, with a Bachelor's degree approximate salaries might range from an accountant $43,000 to a financial controller $78,000. In Canada, with a Bachelor's degree approximate salaries range from an accountant $43,000 to a chartered accountant $98,000. (PayScale.com)
Online finance programs may be of interest to you if mathematically inclined and have an eye for detail.
If you don't find what you want here or want to make a comment, you can always discuss it in the online accounting programs forum topic.
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