Are Online Accounting Degrees Respected?

The availability of online coursework has made earning an accounting degree easier than ever. Students can take classes from the comfort of their own home, and typically achieve a degree without ever stepping foot on a campus. With so much convenience some wonder are online accounting degrees legitimate?

The short answer is yes, online accounting degrees can come from accredited universities that are respected and recognized as legitimate institutions.

In this article, we'll discuss what to look for in an online accounting degree plus the top programs that offer a path towards an accounting career.

Do Employers Respect Online Accounting Degrees?

Yes, many employers respect an online accounting degree as much as they would respect one completed in person. In most cases, an online accounting bachelor's degree teaches the same accounting principles and skills necessary for the profession as in-person degree programs do. Most employers are more interested in students who demonstrate knowledge in financial reporting, tax accounting, bookkeeping, and auditing.

Additionally, certification may be necessary for some professions in the accounting field. For example, a certified public accountant (CPA) must pass an exam to provide accounting services professionally. When preparing for and passing the CPA exam, it likely won't make a difference whether the prior foundational learning was completed on-campus or online.

What To Look for in an Online Accounting Program

While some great schools offer different levels of online accounting degrees, it's important to consider a few factors when choosing which college is right for you.

Accreditation

Going to an accredited college is essential for some students, as financial aid options like student loans are only eligible for accredited universities.

While there are standard national accreditations, you can check a school's accreditations with the Accreditation Council for Business Schools and Programs (ACBSP) or the Association to Advance Collegiate Schools of Business (AACSB), as these councils are dedicated to programs in business and accounting.

Reputation

Going to a school with a good reputation can make a difference in some instances. You can get a better understanding of a university's reputation by checking online rankings for colleges.

Likewise, you can check student forums on social media to understand what it's like to be enrolled.

Nonprofit Vs. For-Profit Degrees

The difference between a nonprofit and a for-profit college can be significant.

A nonprofit college, like most state schools, will usually offer cheaper tuition and more financial aid options, whereas a private school can charge any amount they decide. Many state universities no longer require the GMAT or GRE to apply.

Graduation Rates

The graduation rates of a university can tell you a lot about student success. A graduation rate calculates the number of full-time enrollees who complete the program on time.

If a school has a high graduation rate, then it may mean that the school has resources and support for students' success. Enrolling at a school with a low graduation rate may not be worth it.

Differences Between Online Accounting Degrees and In-Person Degrees

The primary difference between online learning and in-person classes focuses on the convenience and flexibility of the class schedule.

While in-person learning requires the student to attend live classes at a specific time of the day, online courses are typically pre-recorded and can be completed at any time.

Besides, this, the best colleges do not have a significant difference between an online or in person.

A course credit hour still counts for the same amount, students still have to maintain a high GPA to graduate, and students also have the same access to quality higher education that may lead to internships and an increase in earning potential upon graduation.

Benefits of an Online Accounting Degree Program

An affordable online accounting program doesn't require commuting to campus, which makes it a good option for professionals who are working toward career goals while attending an accredited institution. Online students get the flexibility of learning from anywhere while learning the same accounting specialization as in-person students.

Obtaining an online education can also be cheaper for students, as tuition rates are usually competitive. Students attending an online university may find that there are more financial aid options available as well.

Learners who explore associate accounting degree options after earning a high school diploma will find an added cost benefit. Earning an associate degree in accounting first gives them the chance to complete general education courses at the base cost of a community college before attending a university.

Many colleges are flexible with transfer credits in this case, allowing students to earn a Bachelor of Science in accounting in under four years.

Career Paths for Online Accounting Graduates

Online accounting graduates enjoy a variety of career paths within finance and accounting.

The job market is always in search of accounting professionals. Some top career choices for accounting graduates include:

• financial analyst
• certified financial manager
• fraud risk analyst
• forensic accountant

Students who clearly understand information systems can also go on to successful careers in financial accounting and managerial accounting.

Featured Online Colleges With Accounting Degrees

Prospective students interested in attaining an online degree may find one of these colleges a great option.

1. Merrimack University

Merrimack University considers accounting to be the 'language of business,' and teaches all the fundamentals of managing financials in their business administration degree.

• Business Administration with a concentration in Accounting ?BA/BS
• Economics ?BA/BS
• Economics Finance Major ?BS
• Data Science ?BS

2. Arizona State University

Arizona State University is a well-known and respected online university. Transfer credits are accepted and students can complete the online program 120 credits. The Bachelor of Science in accountancy program is available for accounting students.

3. University of Massachusetts Dartmouth

Through the School of Online and Continuing Education at the University of Massachusetts Dartmouth (UMass), students can choose from a variety of online programs that will prepare them for the accounting labor market. This program is accredited by the Association to Advance Collegiate Schools of Business (AACSB). Students can also obtain a master's degree through the UMass online portal.

• Accounting ?BS
• Accounting ?MS

4. Johnson and Wales University

Available through the College of Professional Studies, Johnson and Wales University emphasizes learning information systems and foundational knowledge in accounting. Students will graduate with the skills to handle individual and corporate taxation, as well as clearly understand the law for accountants.

• Business Administration ?MS
• Accounting ?MS

5. Franklin University

Franklin University is transfer student-friendly, allowing up to 76% of transfer credits for enrollment. The online program was accredited through the International Accreditation Council for Business Education (IACBE) and teaches an industry-aligned curriculum that focuses on understanding account software and digital functions. The university offers a BS in accounting for students who are interested.