Corporate Accounting Bachelor's Degree
If you are looking to launch a career in accounting and auditing, a great start would be a bachelor's degree in corporate accounting. This article shows you the basics of a bachelor's program, including types of accounting management, salary info for auditors, and common classes. Schools offering Accounting degrees can also be found in these popular choices.
Why Do I Need a Corporate Accounting Bachelor's Degree?
According to the U.S. Bureau of Labor Statistics (BLS), you'll need at least a bachelor's degree in accounting or a related field in order to secure a position as an accountant or auditor. The BLS also states that your chances of employment may be enhanced if you continue your education by earning a master's degree.
A corporate accountant is actually a type of management accountant. As such, it may be necessary that you qualify to become a certified public accountant as you advance into a senior position. This is especially true if your duties include filing reports with the Securities and Exchange Commission (SEC).
|Career Options||Accountant or auditor|
|Program Length||Three to five years|
|Common Courses||Research analysis, federal tax law, management accounting, accounting theory|
|Program Format||Online or on campus|
|Employment Info||2014 median salary, $65,940; 11% job growth for accountants and auditors predicted for 2014-2024|
Source: U.S. Bureau of Labor Statistics
What Can I Expect in a Program?
Depending on whether you participate on a full- or part-time basis, if the program is accelerated or if you enroll in extra courses, you can complete all requirements in 3-5 years. Depending on school policy and content of the program, you may be able to earn a Bachelor of Business Administration or Bachelor of Science with an emphasis on accounting.
You can locate schools that offer a bachelor's degree in accounting through the National Center for Education Statistics (NCES). In addition, the Association to Advance Collegiate Schools of Business (AACSB) maintains an online directory of schools that are accredited in business and accounting.
In addition to general education courses, typical core courses you might encounter include research and statistical analysis, cost and management accounting, accounting theory and principles, federal tax laws, corporate taxation, finance, auditing and fraud examination. You may have the opportunity to complete an internship at a school-partnered firm or institution.
Licensing requirements vary by state. You can find out what they are by contacting your state's board of accountancy. A common requirement is that you complete 150 semester hours of post-secondary coursework. This is roughly 30 hours more than you'd complete in a standard bachelor's degree program. Schools may offer you the opportunity to complete the additional requirements either as part of or in addition to their degree program.
What Are Some Online Opportunities?
A school may offer you the opportunity to complete all program requirements online. Courses are usually presented asynchronously, which allows you to access them 24/7 at your convenience. You may be required to submit assignments a set number of times each week. You submit assignments and communicate with instructors and classmates by way of a course management system.
What Are Some Employment and Wage Projections?
The BLS projected that employment opportunities for accountants and auditors will increase 11% from 2014-2024. This is faster than the national average for all occupations. The rapid growth may be due to a number of reasons, including an increase in the number of new businesses established, changes in corporate financial regulatory practices and an increased concern for accountability in regard to the disposition of shareholders' investments.
Taking into consideration all levels of education and experience, in May 2014, the BLS determined the average wage for accountants and auditors. The lowest ten percent earned $40,850, while the highest ten percent made $115,950. The median salary came in at $65,940.
To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below: