Online Bachelor’s in Accounting
The Bureau of Labor Statistics (BLS) says that a bachelor’s degree is the most basic entry-level education for accountants and auditors. That explains why an online bachelor’s degree in accounting has become one of the popular, in-demand degrees today.
With accounting programs at most colleges and online universities honing students well in the skills and knowledge required by accountants these days, there is good reason to encourage you to go for this degree as well.
Program Duration and Admission Requirements
You have to complete 128 credit hours to complete this degree, which takes about 4 years. In order to get accepted into an online bachelor’s in accounting, you must be a graduate of an accredited high school with complete high school transcripts and high school diploma. Applicants should also submit the results of a standardized test such as the SATs, as well as academic references and an essay stating their reasons for pursuing the degree.
Areas covered in the Coursework for this Degree
As an online student of a bachelors program in accounting, you’ll be covering various subjects and courses such as accounting fundamentals, intermediate accounting, managerial accounting, auditing, taxation, etc. Most of these courses will broadly prepare you in the following accounting areas:
- Managerial Accounting
- Cost Management
- Tax Accounting
- Financial Reporting
- Accounting Ethics
- Accounting and Financial Analysis
- Financial Management
Project Work, Case Studies, and Tools of the Trade taught at Most Online Accounting Programs
For a bachelor’s in accounting, most online programs introduce students to industry-level accounting software and various accounting functions that can be performed on the computer, such as on MS excel. At the same time, business simulation assignments and case studies where you will actually analyze financial statements of a real business and report your findings will prepare you well for work in the real world. Towards the end of the degree, some online programs also require students to complete a project in a small group where they may collaborate with an existing accounting and auditing team to work on the financial statements or some project related to a real-life company.
Employment and Salary Outlook for Accountants and Auditors
Recent financial crises and increased financial regulations have meant that accountants and auditors will be much in demand in the US. Besides that, tighter lending standards will lead greater demand for auditors as organizations strive to establish their credit worthiness. In addition, expertise in international accounting and mergers and acquisitions will be required more as transactions across countries become common in a globalized world. The BLS estimates a 16% increase in jobs for accountants between 2010 and 2020.
Accountants with a professional certification, such as the Certified Public Accountant (CPA), and those with a higher level degree have the best employment prospects. On average, accountants and auditors make about $71,040 per year, which is a very decent pay in the US.
There’s a lot that that an online bachelor’s in accounting has to offer to you. It’s up to you to make a wise decision and get enrolled in an accredited degree to start on with a satisfying career in accounting.