Accounting online program - Earning a bachelor's degree in accounting can provide students with the knowledge and skills needed to qualify for entry-level positions in the field. This includes an understanding of tax preparation, auditing, and financial analysis. Many accountants choose to continue their education and pursue a master's degree, which can help them become certified public accountants (CPAs).
According to the Bureau of Labor Statistics (BLS), accountants and auditors earned a median salary of $73,560 in May 2020. The field offers job security and the opportunity to work in a variety of industries.
What is accounting?
Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions. It involves the measurement, analysis, and interpretation of financial information. The information provided by accounting is used by a variety of stakeholders, including investors, creditors, management, regulators, and tax authorities.
There are several branches of accounting, including financial accounting, managerial accounting, and tax accounting. Financial accounting involves the preparation of financial statements that provide information about a company's financial performance and position. Managerial accounting involves the use of accounting information to support decision-making within an organization. Tax accounting involves the preparation of tax returns and the application of tax laws.
Accountants are professionals who are trained in accounting and are responsible for preparing and analyzing financial statements and providing financial advice. They may work in public accounting firms, in industry, in government agencies, or in other organizations.
Why Get an Affordable Accounting Online Bachelor’s?
There are several reasons why someone might want to pursue an affordable online bachelor's degree in accounting:
- Career opportunities: A bachelor's degree in accounting can open the door to a wide range of career opportunities in the field, including positions in public accounting, corporate accounting, and government accounting.
- Job security: The demand for accountants and auditors is expected to grow by 4% from 2020 to 2030, according to the Bureau of Labor Statistics (BLS). This growth is driven by the need for organizations to accurately report their financial information and to comply with increasingly complex financial regulations.
- Good salary potential: The BLS reports that accountants and auditors earned a median salary of $73,560 in May 2020. With additional education and experience, accountants can earn even higher salaries.
- Flexibility: An online bachelor's degree in accounting allows students to earn their degree on their own schedule and from the comfort of their own home. This can be especially appealing for students who are working full-time or have other commitments that make it difficult to attend classes on campus.
- Cost: An affordable online bachelor's degree in accounting can be a cost-effective way to pursue a degree in the field. Online programs often have lower tuition costs than on-campus programs, and students can save on expenses such as transportation and housing.
The curriculum for the online accounting degree includes 62 credit hours in the major, as well as a liberal arts perspective through the General Education core. The program covers business fundamentals, entrepreneurship, microeconomics, organizational behavior, marketing, and business analytics in the program core, and financial accounting, managerial accounting, accounting, auditing, and finance management within the major.
Accounting Software for Small Business
The best accounting software for small businesses helps you keep detailed, accurate books. Accounting software is used by individuals and business owners to enter income and expenses and track their finances. It’s especially important for small businesses because it is more efficient and makes fewer mistakes than manual processing. It can also save time with features like automation and it gives the owner a place to store important documents and receipts to access at any time.
If you run a small business or are a freelancer, then keeping a tight grip on finances is critical for success. Our reviews cover the best small business accounting tools to help keep your company in the black.
The 8 Best Accounting Software for Small Business