Online Accounting Studies Possible via the Internet
February 6th, 2010 | 
Author: The global economic recession may have had an unfavorable effect on many fields of work all over the world; however, the need for competent accounting and financial services professionals is now greater than ever. An online bachelors/associate degree in accounting provides prospective and existing accountancy professionals a boost in their careers from the comfort of their own homes.
Online accounting programs have many benefits for prospective professionals, who can work around their schedules and gain valuable knowledge in order to improve their competency in accounting and open the doors to better opportunities. Generally accounting has varied applications for individual corporate business models; there are however some general areas in accounting that are widely recognized as being inherently and individually separated.
Types of Accounting
General Financial Accounting:
This is the recording, retrieval and summarization of corporate/individual financial data. This involves auditing, generating a periodic profit and loss summary, balance sheets and cash flow statements and includes the aspects relating to legal and business requirements.
Management Accounting and Open Book Accounting
This form of accounting is the representation of data and financial summaries for corporate financial decision makers. Open book accounting is an accounting principle to ensure accounting transparency in democratic organizations as well as others.
Tax Accounting:
This is corporate of individual accounting that is meant to ensure compliance with tax laws and regional tax regulations.
Financial Audits
Financial audits can be both internal and external. Internal accounting is similar to management accounting, as it also provides audit summaries to internal corporate decision makers. These audits are carried out by employees of the corporation itself. The external audit is the audit of a corporate entity by external – independent auditor(s); auditors examine financial records and summaries in order to verify their adherence to generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS).
Accredited Online Accounting Certifications
Traditional campus based and online accounting colleges and schools have recently been offering more customized study programs for students who wish to learn using blended courses and study-from-home programs. Here is a list of some of the major accountancy related programs available in online study formats from major colleges and universities. These courses are accredited and are being offered in a variety of blended/ online formats. Many of these courses mentioned vary in levels of practical versus theoretical knowledge, with emphasis on further opportunities in either the field itself as a professional, as an entrepreneur or in academia.
Online Graduate Programs in Accounting:
- Master of Science in Accounting
– Master of Accountancy
– MBA Accounting
– MBA in Professional Accounting
– MBA/Accounting and Finance
– Master of Science in Accounting – Public Accounting/ Taxation
Online Undergraduate Program in Accounting:
- Bachelor of Science in Business Administration – Accounting
– Bachelor of Science in Accounting
– Bachelor of Arts in Accounting
– Bachelors of Arts in Organizational Management / Managerial- Accounting
– Bachelors of Science in Accounting in Public-General Accountancy/ Tax Accountancy/ Auditing-Forensic Accountancy
– Bachelors of Science in Multidisciplinary Studies – Accounting
Online Associate programs in Accounting
Associate of Science in Accounting
Associate of Arts in Accounting
Associate of Applied Science in Accounting – Financial Accounting/ Financial Investigation/ Banking
Associate of Science in Business- Accounting
Resource Area:
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Categories of the accounting equation and definitions of each category
Question about accounting
What is accounting cycle? How the accounting transactions pass through various books of accounts before?What is accounting cycle ? How the accounting transactions pass through various books of accounts before they get reflected in the final accounts ?
Posted in Business
The accounting procedures are same both in Government and firms.
But the pressure of work will be far less in government as the work is set to a pattern, whereas the accounting in firms is commercially oriented !
Now I can understand why you drop out of school,don’t work,sell drugs,steal,beat your women,neglect your children,don’t vote,drain the welfare system,over crowd the prison system,exploit affirmative action,collect food stamps but somehow top all American ethnic groups in obesity, insist rap is music,believe OJ is innocent,wear your pants around your knees,refer to on another as nigger,believe the Feds created crack to feed to the blacks and the one that really annoys me pronounce ask as “axe”.
how come when i took accounting in school, it sounded so confusing?
The classes are not hard. I bet you have done more harder college math classes. Accounting was invented by the same person who invented Algebra. So basically, it an equation. Revenue -expenses =Owner's Equity.
You did not specify what type of job you applying for. Accounting related job requires basic knowledge of accounting . So I would get those two classes out of the way. Also, knowledge of basic accounting software will be plus i.e. Quickbooks or Peachtree and Office 2007. The more accounting related skills you have to offer the easier it will be to land that first job.
Good Luck!
No- every country's economy and method of accounting is so different that there is no chance that we will have a universal accounting standard
you don't say if you are attending school during the day or at night. If you are attending during the day, focus on your studies and try to get into a CPA program. Pass that and you join a public accounting firm for a min. 2 years. Learn all aspects of the audit and you can stay or move into private industry. Either way, its a win-win for you as CPA's are in greatest demand and highest on the incoming wage scale.
On the other hand, if you are taking evening classes, then by all means switch out of retail. There are 2 basic approaches, go to specific company web sites and check their job postings. Not sure of companies in your area? Go to the web and type in "companies located in NYC" for example.
The second approach is to find employment agencies specializing in entry level positions in your area. You can locate them rhe same way as the companies or you can look thru your local newspaper. The agency fee is typically paid by the employer, don't settle on one that wants a ffrom you.
The difference is that at a community college it will cost you much less. And they won't have advanced classes, If you have any questions, ask your community college and then talk to somebody from the department at your transfer school.
It probably starts with you placing an order for some goods. When the goods arrive, you need to pass a journal entry in the purchases journal to record the purchase of merchandise inventory. This will find its way subsequently into the general ledger (GL). In the course of business, you'd need to make payments to other vendors and employees. These entries will be in the cash book and subsequently into the GL. When you make a sale, you need to pass journal entries too. These will be in the sales journal which will again find their way into the GL. When your customers pay you, these are again cash book entries, again ending up in the GL. From the GL you extract your trial balance, then pass adjusting journal entries, then you'll have your adjusted TB from which you can prepare your income statement and balance sheet. This is as brief as I can make it.
Yes, this is great and you seem like a good teacher – but pleeeaase do something about the sound!
thanks this is very useful. Sound quality sucks though : /
Need accounting tutorial? from Philippines only. pm me.
White people are all crooks?
Siphoning off of people they’re stealing from along never paying them back!
I like the part at 3.45″ when she said maybe it returns..
Yes, it is a very good idea. I am the Dean of a business school, and I can tell you that this year, despite the bad economy, every single one of our Accounting majors who graduated last week has a job in their field.
Sound quality is awful.
Thanks!!! Very insightful. Your drawing finally makes the equation make sense.
From a UK perspective we have three or four categories:
Unqualified
Qualified by experience
Accounting Technician
CCAB Qualified Accountant
Accounting Technician is a distinct qualification offered by The Association of Accounting Technicians.
Qualified Accountants are usually Chartered Accountants, Chartered Management Accountants, Chartered Certified Accountants or Chartered Public Finance Accountants
Qualified Accountants qualification is more advanced than a degree.
Hope this helps
the french run away if the numbers get to big?!?!?!
<—-falls down lol