Accounting Degree Options - Video
Accounting is a field that frequently calls for advanced degrees and certifications. Exact degree requirements are dependent on the type of professional you wish to become. A Bachelor's of Science in Accounting is a common option for those looking for entry-level accounting positions, while a Master's of Accounting or an MBA degree with a concentration in Accounting are typical among professionals in advanced accounting positions.
Description of Degree
Students in an Accounting degree program learn analytical skills that help them make key financial decisions based on economic data and information. Students also learn to how to communicate financial information effectively. Upon completion of a four-year degree program, students may go on to become accountants, auditors or business analysts. Four-year degree options include a Bachelor's of Accounting, Bachelor's in Managerial Accounting or a Bachelor's in Administration Accounting.
Skills Obtained and Typical Courses
An Accounting degree program teaches students about processes in auditing and the analysis of financial statements. Students will be taught how to apply accounting principles to make financial decisions in business settings. Broad business skills may also be studied along with the following topics:
- Financial Accounting
- Quantitative Methods for Business
- Cost Accounting
- Federal Tax and Law Accounting
- and Accounting Information Systems
Higher Education Options
Though it is only necessary of students to have a bachelor's degree in Accounting before sitting for a licensing exam, students must have at least five years of education in order to become a CPA (Certified Public Accountant). As such, it is common for students to work toward a Master's in Accounting or Master of Business Administration with an Accounting concentration while working toward CPA credentials. Additional accreditations include CMA (Certified Management Accountant) and CFA (Chartered Financial Analyst), which may follow a Master's degree. In order to obtain higher level positions in accounting, such as a business analyst, research associate or consultant, an advanced degree is almost always required.
Career Options and Occupational Outlook
Individuals with Accounting degrees can work for the government, corporations and non-profit organizations as public accountants, management accountants, business analysts, or auditors. Popular areas of focus include tax accounting or public accounting.
Because of ever-changing laws pertaining to taxes and other areas of accounting, it is essential that those with accounting degrees keep up with industry standards, changes and trends. And because many accounting positions come with certification requirements, it is also crucial for these individuals to remain up on their training and re-certification requirements. Accounting is an industry that is needed in all organizations big and small. With the right degree and the appropriate credentials, Accounting program graduates can look forward to a variety of job options.