There are a variety of job opportunities for someone who is interested in a degree in business or accounting. If you are thinking about obtaining a degree in accounting, your best bet is to pursue a four-year bachelor’s degree. With a B.S. in Accounting, you are likely to have more job opportunities and will potentially be able to make twice as much money as you would with an associate degree.
According to Accounting Coach, in addition to electives and other required coursework, you will need between 30 and 36 credit hours from accounting courses and another 20 to 30 credits from business courses to be able to graduate with a B.S. in Accounting. Here are some of the key courses that you can expect to take while pursuing this type of degree.
Principles of Accounting
A Principles of Accounting course provides an introduction to accounting and topics related to it, and it is almost always a mandatory class for someone seeking an accounting degree. Students taking this course will learn how financial accounting systems work and how to use them. People are taught how to create and understand a variety of financial statements, including balance sheets, income statements and cash flow statements. Financial concepts, such as present value, long-term liabilities and long-lived assets, will be explained during in these classes as well.
This course is often a prerequisite to be able to obtain a B.S. in Accounting, and it may be broken into two parts. During this course, students will learn about topics related to balance sheets, such as notes receivable, accounts, inventory equity investments and intangibles. The class also goes over how to create and format financial statements. More advanced coursework deals with liabilities and equities, including long-term debt, convertible securities, dividends and employee stock options. These classes may also cover earnings management and how to compute diluted earnings per share.
A class covering Auditing normally combines a history of the audit process as well as how to complete an audit. Along with going over the obligations of today’s auditors, this course also details how the Public Company Accounting Oversight Board has influenced the auditing process. Students will learn about auditing standards, legal liability and professional ethics as well. Real-life examples are frequently used in these classes to help people understand the ethics of audit reporting, and students will normally be tasked with performing audits.
Financial Statement Analysis And Reporting
This course not only helps students understand accounting statements, it also helps them determine if the accounting process being used by an organization is appropriate. In addition to learning to read complex financial statements, individuals will also be taught how to analyze statements and determine what a business’ accounting strategies are. This course will often make use of real-world examples to help students apply what they have learned, and it will allow them to use the tools and techniques they have been taught about.
Taxes and Business Strategy
A Taxes and Business Strategy class is normally a requirement for a B.S. in Accounting. These types of courses teach students how taxes can affect business decisions and how to determine if an action is appropriate based on an organization’s financial situation. People will be taught how to weight taxes, costs and benefits against each other. Students should come out of these courses with an understanding of taxes that will allow them to deal with these issues even if tax laws change.
Understanding the types of courses you’ll be required to take can help you prepare yourself for college. It may also help you get an idea of if accounting is the right career for you.
Additional Reading: Top 30 Online Master’s in Accounting Degree Programs