An accounting degree is an excellent foundation for a successful career in accounting. Whether you have lofty aspirations to work in high-level management positions in an accounting firm or open your own accounting firm, an accounting degree offers a broad business foundation and deep understanding of accounting principles, accountability, reporting, and financial regulations. A four-year accounting degree can be obtained from almost any college or university, and accounting degree courses provide the opportunity to gain work experience as well as a solid education in accounting principles and practices.
In addition, accounting degree courses often incorporate internships that provide valuable experience to students while they are in school. These can also help students gain the confidence needed to enter the highly competitive field of accounting.
There are two general accounting degree programs available. The first is the Bachelor of Science degree in accounting from the University of Maryland, College Park. This three-year program offers specialized studies in accounting principles and practices, taxation, economics, auditing and much more. The Bachelor of Science degree takes about two years to complete, but because of the specialized nature of this accounting degree, it is not advisable for the first few years as an accounting degree student.
The second accounting degree program is the Master of Science degree from the University of Michigan, College Park. Like the degree program, the Master of Science degree takes two years to complete, and focuses on financial accounting and auditing principles, taxation, mathematics, accounting, and auditing. Unlike the degree program, students do not need to take special academic classes related to accounting majors in their Master of Science degree program; instead, they will focus all their classes upon the financial accounting principles that they learned and mastered during their Bachelor of Science degree.
Accounting graduates have a number of career paths open to them. Some go on to become public accounting supervisors and managers or become highly qualified financial analysts. Others choose to go into accounting, and then into accounting management, administration, or teaching. And many accounting degree recipients choose to go into business accounting, which involves accounting for businesses, corporations, and governmental agencies.
Business accounting degrees vary widely in curriculum and scope but typically include courses on accounting, economics, business law, decision making, financial accounting, managerial accounting, information accounting, and marketing accounting. Business accounting degree programs can also require students to take extensive professional courses in accounting, such as accounting theory, auditing, statistics, and more.
There are many accounting degree programs out there to choose from, so if you are thinking about going into accounting, you have many different career paths to choose from. A few accounting degree options are Certified Public Accountant (CPA), Licensed Public Accountant (LPA), and Certified Fraud Examiner (CFE). Many CPA jobs require candidates to be highly qualified in accounting and finance, and in accounting law, so these accounting degree programs often lead candidates into other accounting careers.
LPA requires candidates to be very organized and detail-oriented, with many serving as direct employees of a CPA. CFE is more specialized and usually leads to accounting jobs in accounting firms or auditing firms.
If you want to get started in the accounting world, an accounting degree program might be your best option. Upon completion of your bachelor’s degree program, you will have a long list of accounting degree courses to choose from. Some accounting degree programs offer accounting internships after graduation, too. Depending on where your accounting degree resides, you may even be able to get employment right after you graduate. With these skills and experience, you can become an accountant, a certified public accounting agent, or work in a related field in another accounting firm.
Earning a degree in accounting can be easy if you have the right education and work experience. However, there are a few things that can limit your career opportunities. For instance, accounting positions are usually reserved for people with a bachelor’s degree in accounting, so all accounting degree candidates will need to have at least a bachelor’s degree. If you don’t have a bachelor’s degree, you’ll likely have to take on additional accounting coursework, such as a master’s degree or an accounting elective.
You’ll also need to have at least a passing average of at least 2.3 on the TOEFL or TOEIC tests. These exams measure your ability to comprehend and communicate with others. If your communication skills aren’t as strong as you’d like them to be, you’ll have a harder time getting hired at accounting firms, CPA firms, or any other company that needs accounting professionals. If your career goals include working for government agencies or nonprofit organizations, a bachelor s degree in accounting is generally required.