Kworld Trend / Top online accounting degree programs and industry salary 2023/2024, Today, we will take a look at some of the Top Online Accounting Degree Programs in 2023/2024 and also some standard industry salaries in these degrees.
Top online accounting degree programs and industry salary 2023/2024
Accounting is the process of recording financial transactions related to a business. The accounting process involves summarizing, analyzing, and reporting these transactions to oversight agencies, regulatory agencies, and tax collection entities.
The Bureau of Labor Statistics states that jobs in accounting are growing 4%, and professionals earn between $41,000 and $129,000 annually.
Earning an online accounting degree can help you jump-start your career as an accountant. You may learn key skills that are critical to the success of organizations. If you’re good with numbers and can keep accurate records, consider preparing for a productive career by earning a bachelor’s degree in accounting.
Online Accounting Degrees
- accounting
- Forensic accounting
Bachelor of Accounting Curriculum
Earning a bachelor’s degree in accounting usually requires students to accumulate around 120 credit hours. If you have already completed an associate degree in accounting, you are halfway to the finish line.
Some of these credits will come from general education classes covering subjects such as math, writing, science, and humanities. The rest will focus on business and accounting topics.
The following list represents most of the foundation courses in accounting:
- Accounting Essentials: This introductory class will serve as the foundation for your accounting studies. You may learn about reporting, data analysis and business decision making.
- Accounting Tools: You will become familiar with some of the other software and systems accounting professionals use to keep track of financial statements. There may be practical training opportunities with some of these programmes.
- Auditing: The skills you learn in this chapter will help you carefully review financial statements and records to confirm the integrity of the organization or to spot errors in documents.
- Business Law and Ethics: This course will guide you through building a personal ethical framework that you can use in decision-making situations throughout your career. Local and federal regulations governing business conduct and transactions should influence your choices.
- Economics: In one or more semesters, you’ll explore both macroeconomic and microeconomic topics. Your studies will cover economic theories and the ways they apply to real-life situations.
- Financial Accounting: To prepare you for the accounting profession, you’ll take at least one semester tracking an organization’s revenue and cash flow.
- Taxes: This course will introduce you to the principles of federal corporate, individual and estate taxation.
Your school may offer the opportunity to obtain a degree concentration by taking a combination of classes related to a particular subject. Concentration options may include auditing, management accounting, or tax accounting.
Accounting and payroll jobs
Jobs for accountants and auditors are increasing at a rate of 4%. The US Bureau of Labor Statistics estimates that there will be 61,700 more jobs in these areas by 2028 than there were a decade ago.
Earning an online accounting degree can help prepare you to fill one of these positions or pursue a different line of work related to records or finances.
| Careers | Annual average salary |
| Financial managers | $129,890 |
| Personal financial advisors | $87,850 |
| Financial analysts | $81,590 |
| Financial examiners | $81,090 |
| budget analysts | $76,540 |
| credit analysts | $73,650 |
| Accountants and auditors | $71,550 |
| cost estimators | $65,250 |
| Tax examiners | $54,890 |
| accountant | $41,230 |
Many organizations need accounting professionals. With your degree in accounting, you may find work in corporations, nonprofit organizations, schools, healthcare systems, or government agencies.
You can also work for an accounting firm where you assist organizations or individuals with their tax or bookkeeping needs.
Accounting professional organizations
You can improve your academic or professional life by joining an industrial organization. These groups bring together people from all over the country who work in the accounting field.
- American Accounting Association : AAA represents the academic side of the accounting field. The organization leads research and education and encourages accounting professionals to advance the field by sharing ideas.
- American Institute of Certified Public Accountants : AICPA represents certified public accountants by providing learning opportunities, standards of practice, advocacy, and information. The organization is also responsible for the standardized CPA exam.
- National Society of Accountants : NSA membership is intended for those who work for small or medium-sized accounting firms. The organization offers professional discounts and avenues for cooperation.
Membership benefits vary, but you may find many networking or educational opportunities when you join one of these associations. Your professional organization may offer online publications, meetings, forums, and more.
Before paying dues, you may want to check if your company has a group membership that covers all employees.
Accounting certifications and licensing
Many accountants pursue certification as part of their professional development. Industry-specific certifications can help earn the respect of employers and clients and may enhance your career opportunities.
- Certified Management Accountant (CMA): If you work in the field of financial accounting or have a managerial role in accounting, it is strategic that you consider a CMA certification from the Institute of Management Accountants. Obtaining this certification may qualify you to move into higher leadership roles in the financial management of your company.
- Certified Public Accountant (CPA): Continuing to earn a master’s degree in accounting may help prepare you to take the standardized CPA exam and become a licensed CPA. This accreditation is administered by the American Institute of Certified Public Accountants.
Earning these certifications will likely require more time and effort after earning your bachelor’s degree. The process may not be easy, but it may pay off when you can promote yourself as a certified professional with advanced knowledge and skills.
Accreditation
Always keep accreditation in mind when looking for the best accounting schools. There are two types of accreditation to look for: regional and program.
Regional accreditation is a distinction granted to colleges that meet general quality standards in many of their programs and departments.
It is awarded by accredited regional accrediting bodies; Seven of these organizations are recognized by the Council for Higher Education Accreditation and the US Department of Education.
Never settle for online accounting schools without regional accreditation.
Program accreditation comes from industry-specific organizations and focuses on specific departments or programs.
The main program accreditor for schools of business and accounting is AACSB International. Major accreditation is granted to this organization for business programs; Schools may choose to pursue an additional level of accreditation specific to their accounting programs.
AACSB accreditation is not necessary, but many top accounting schools pursue this designation.
Financial and accounting grants
To get the cheapest online accounting degree, it is a good idea to look into financial aid. You may be eligible to receive grants or loans from the federal government.
The process for applying for government aid begins with submitting the Free Application for Federal Student Aid (FAFSA) . This form may also help you obtain government grants or loans.
Government aid often covers only a portion of college tuition. For additional help, research private funding sources. Private loans are one option, but they often have high interest rates. If possible, it’s a good idea to look into financial aid that you won’t have to pay back after school, such as scholarships.
Cont
The following organizations offer scholarships specifically for accounting finance students.
- AICPA/Robert Half Student Scholarship : This one-time scholarship of $10,000 is awarded to students who plan to become chartered accountants. Four students receive this award each year.
- AICPA Scholarship for Minority Accounting Students : Minority students who wish to pursue CPA credentials one day are encouraged to apply for this award. The scholarship award is up to $5,000, and recipients can renew it.
- AICPA Transfer Scholarship : Students who are transferring from a junior college to an undergraduate program for their accounting degree can apply for this $5,000 scholarship.
- Paul S. Mills Scholarship : Undergraduate students in financial fields can apply for this scholarship from the Foundation for Financial Services Professionals. 16 $1,000 awards are awarded each year.
- Ritchie Jennings Memorial Scholarship : This award is from the Association of Certified Fraud Examiners for students who plan to pursue careers in the field of fraud prevention. Prizes range from $1,000 to $10,000.
If you need additional help paying for an online accounting degree, talk to your school’s financial aid department. The college may be able to recommend other scholarship opportunities, or the school may allow you to pay tuition fees in instalments.
Can I get an online degree in business?
Many major colleges and universities offer online degrees. Learners complete coursework 100% online. The online format allows degree seekers to attend the least expensive program in any state. Top online accounting degree programs and industry salary
What do you study business majors?
Business majors study many subjects, including accounting, marketing, business law, and ethics. Some degree seekers supplement their education online with in-person training.
What is the most popular business major?
Business majors that may lead to in-demand, well-paying jobs include project management, entrepreneurship, and finance. These and other options require the many electives in the upper section. Top online accounting degree programs and industry salary
Featured Online Programs
Why get a business degree?
Online business degree programs provide students with academic flexibility and the ability to explore several careers. Bachelor’s degree holders can apply for entry-level positions or MBA program. MBA graduates can explore leadership careers. Some graduates work towards becoming Certified Public Accountants.
Online business degrees help students living around the world advance their education. Learners do not move to attend class. Many programs run asynchronously, allowing loggers to complete tasks when appropriate. However, students must still meet their professors’ deadlines and finish classes by the end date.
How much does a business class cost?
A bachelor’s degree costs an average of $35,330 per year in tuition, fees, and related expenses, according to EducationData.org. However, there are many factors that influence how much students pay to get one of the best business degrees online. Learners attending public public schools usually pay affordable tuition fees.
Students can make their degree more affordable by applying for financial aid. Many colleges with online degrees award automatic scholarships to incoming and transferring first-year students. Some institutional awards may require a separate application. Learners with financial need must apply annually to the FAFSA. The federal government offers degree seekers grants and low-interest loans. Top online accounting degree programs and industry salary
