Online Associate’s Degree in Accounting
There are many reasons why a 2-year associate’s degree in accounting works better for some people. It could be the need to get into the workforce earlier, it could be financial constraints, or they could just be testing out the waters before diving into a full-fledged accounting career. Whatever the reason, online schools and colleges today with accredited programs in accounting make the decision an easier one for people.
Program Duration and Basic Coursework
An associate’s in accounting is awarded on completing 64 semester hours, which is roughly 2 years. The coursework focuses more on basic accounting principles to help you get ready for the bookkeeping aspect of the field. You will also be taught some foundation courses in mathematics, life sciences, communications, etc. Examples of accounting courses that you’ll be taught include the following:
- Introduction to Spreadsheets
- Introduction to Databases
- Financial Accounting
- Cost Management
- Intermediate Accounting
- Payroll Management
- Federal Taxation
- Introduction to Accounting Information Systems
Skills acquired with an Associate’s in Accounting
As a student of this accounting program, you will be equipped with the accounting sense and technical skills required for basic accounting jobs. Amongst the skills you’ll learn how to be detail oriented as you’ll have to manage large amounts of sensitive accounting and financial data, your math skills will be polished, and you’ll also learn the computer skills required to work with various accounting software.
Career Options for Graduates
Students will get the opportunity to work in various accounting careers with this degree. These will mainly focus on basic accounting jobs in some of the following areas:
- Data entry
- Accounts receivable/payable
- Cost accounting
- Microcomputer accounting
With the increased number of organizations and economic growth, the need for bookkeepers and accounting clerks will increase to manage the books and statements of these companies. Stricter regulations will also create greater requirement for accurate accounting books and hence for professionals in this field. The Bureau of Labor Statistics projects a job growth of 14 percent for Bookkeeping, Accounting, and Auditing Clerks, which equates to an addition of roughly 259,000 jobs.
Salary and Earning Potential
In general, Bookkeeping, Accounting, and Auditing Clerks earn an average of $36,640 per year. For specific careers, the average annual earnings are about as follows:
|Accounts Receivable Associate||$33,000|
|Principal Account Clerk||$40,000|
|Accounts Payable Assistant||$29,000|
|Senior Accounting Clerk||$38,000|
So you can see that the scope of opportunities with an associate’s in accounting is quite vast and broad. You can even go on to more supervisory roles with experience, which will further improve your earning potential. Many graduates of this degree go on to complete a bachelor’s in accounting later on, which is an easier transition for them as they already know the tricks of the trade.
Now that you know all this, do you think you’ll be pursuing an associate’s degree in accounting too?