What You Should Know About This Degree
When considering a degree in accounting, you might also look into earning a finance degree. Finance deals with the movement of money, whereas accounting handles the tracking of money. Both programs include coursework in accounting, economics, and statistics. If you’re interested in budgeting and long-term financial planning, you should consider a degree in finance. If you want to be a certified public accountant, it will be helpful to study accounting because of the additional preparation it gives you for the CPA exam.
Every accountant who files a report with the Securities and Exchange Commission must hold a CPA certification. The certification process includes passing a national exam and meeting state requirements. All states use the CPA exam administered by the American Institute of Certified Public Accountants. The certified management accountant designation is awarded by the Institute of Management Accountants and requires passing an exam and pursuing continuing education coursework.
There’s upward mobility in accounting, and entry-level accountants can advance to senior positions. Some high-profile employers prefer that their accountants have a master’s degree in accounting or business administration as well.
Here are some questions to ask when researching accounting programs:
- Am I eligible for this program? Most accounting degree programs require students to have at least a high school diploma or GED. You must also show proficiency in mathematics, and previous coursework in statistics and business can provide an advantage.
- How long does it take to complete this online degree? An online accounting degree includes 120 credits and takes about four years to complete. Associate degree programs take one to two years to complete and cover basic accounting, taxation, and financial analysis. Although you’ll have the skills for some entry-level accounting positions, you won’t be able to pursue graduate studies with this degree.
While researching programs, be sure to keep track of application deadlines and any additional items that need to be sent along to show your qualifications. Information about deadlines and required documents can be found in the admissions area of the school’s website.
It’s important to consider your accounting degree’s cost and submit any applications for financial aid on time. If you’re looking for financial support, examine other funding opportunities such as scholarships and grants.