An accounting degree aims to teach students to study numbers so they learn how to see patterns and trends in financial data. In addition, accounting majors should learn how to maintain financial accounts and how to advise companies on financial matters. They may also learn about taxes, auditing, and budgeting.
Typical course examples for an Accounting degree program may include:
This course may introduce the behavior of consumers and the theory of the firm. It typically covers topics such as supply and demand behavior, the structure of the market, and failures of the market. The course may also discuss is global trade as well as the role of the government in the economy.
This course aims to introduce accounting records to students. This is important to help students gain strong conceptual backgrounds that they may need for their careers. It may also examine accounting procedures for specific asset, liability, and owner’s equity accounts.
This course usually helps students learn how to apply ethical concepts in accounting and in financial reporting. The course may cover theories of ethical decision making. It may also discuss the application of those theories to situations that accountants might encounter. Finally, it might emphasize understanding the overall duty accountants have to protect the public interest.
This course is typically an intensive intro to the attest function in society today. Students may learn about the environment, the process, and, finally, the report of the public auditor. They may also discover potential extensions of the attest function.
Accounting programs may be accredited by the Association to Advance Collegiate Schools of Business (AACSB). Accredited programs aim to meet high quality standards. Also, they must be reviewed by the AACSB every five years.
Accountants may become Certified Public Accountants (CPAs). They do this by taking the Uniform CPA Examination in their states. According to the Bureau of Labor Statistics, typically, CPAs must have a bachelor’s degree in accounting. They must also complete 40 hours of extra professional education each year. Only CPAs can prepare certain types of financial statements. Commonly, they earn 10 to 15 percent more income than accountants who are not CPAs.
Accounting degree programs may offer various career opportunities. This may including work as an accountant or financial manager. According to the Bureau of Labor Statistics, careers include:
Accountants examine financial records and statements. For example, they ensure these records are accurate and they comply with laws. Also, accountants prepare a company’s taxes and organize financial records. In addition, they may suggest ways to improve profits of the company and reduce costs to the company.
A person with an accounting degree may become a Personal Financial Advisor. Personal Financial Advisors meet with individual clients to discuss their financial goals, manage their investments, and advise them on new financial strategies. They educate their clients about the best way to handle their finances. They may also recommend certain investments.
Financial Analysts help individuals and businesses make wise investment decisions. They have a lot of knowledge about current and historical financial data. In addition, they know quite a bit about economic and business trends. They may also decide on a company’s value or prospects and create written reports based on what they decide.
Actuaries assess financial risks and uncertainty so that they can report what they find to their company. They help businesses develop policies to lessen financial risk. They typically work in the insurance industry, where they determine the likelihood of an event, set premiums, and predict costs.
Source for school statistics and data is the U.S. Department of Education's National Center for Education Statistics and the Integrated Postsecondary Education Data System.
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