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Accounting Degrees and Certification: What You’ll Study in an Accounting Program

If you aspire to become an accountant, here are your curriculum and degree paths.

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What degree levels are available?

Virtually every degree level opens a door into the world of accountancy .

An associate’s degree can prepare you for a number of entry-level positions, while a bachelor’s degree will give you the necessary tools to build a foundation of accounting knowledge, technical expertise, interpersonal skills and professional insight.

Both an MBA with a focus in accounting and a master’s degree in accounting, such as the Master of Accounting (MAcc), will prepare you for managerial positions within the field.

We’ll talk more about the differences between them, and how they can further your career, in the masters degrees section.

Associate’s Degree Programs

acctdegree-assoc-iconGetting an associate’s degree in accounting is one of the fastest routes you can take to an accounting career. Accounting associate degree programs allow you to bypass the traditional bachelor degree, and instead take 1-2 years of courses that will give you a solid base in career-specific accounting skills, including basic accounting, cost accounting, taxation, financial statement analysis and payroll accounting.

With an associate’s degree in accounting under your belt, you will be prepared for a number of entry-level accounting jobs. Some options include:

  • Accounts Receivable Clerk
  • Accounting Assistant
  • Billing Clerk
  • Bookkeeper
  • Management Trainee
  • Payroll Clerk

Bachelor’s Degree Programs

acctdegree-bach-iconSpecific courses and specializations differ from program to program, but it is reasonable to expect your accounting bachelors program to include the following:

  • Introductory, intermediate and advanced accounting courses
  • Courses devoted to taxation and auditing
  • General business and management classes

While a bachelor degree accounting program is often a stepping-stone to further graduate degree programs, it will qualify you for essentially all entry-level accounting jobs and many mid-level jobs as well. Graduates frequently enter into staff accountant positions at large accounting firms or at specific corporations and are well positioned to move up the ladder within just a few years’ time.

As an example of a typical course load, University of Phoenix offers the following program of 120 credit hours of undergraduate courses for a Bachelor of Science in Accounting:


 

Examples of Core Courses

  • Business Communication for Accountants:

    This course introduces students to the foundations of communication in a business accounting setting. Topics include communication ethics, collaboration, information utilization, critical thinking, and professional competence and values.

  • Introduction to Computer Applications and Systems:

    Students learn to apply Microsoft® Office tools including work processing, spreadsheet, database, and presentation software to accomplish business objectives.

  • Principles of Accounting I:

    This course covers the fundamentals of financial accounting as well as the identification, measurement, and reporting of the financial effects of economic events on an enterprise.

  • Principles of Accounting II:

    This course introduces accounting concepts in a business environment.

  • Contemporary Business Law:

    This course reviews the U.S. legal system, common law and its development, organizational structures, and the regulatory environment pertinent to business.

  • Principles of Macroeconomics:

    This course provides students with the basic theories, concepts, terminology, and uses of macroeconomics.

  • Intermediate Financial Accounting I, II, III:

    This 3-part course examines the conceptual framework of accounting, including cash versus accrual accounting, the income statement and balance sheet, the time value of money, revenue recognition, statement of cash flows and full disclosure issues.


Other classes may include such topics as corporate, individual and estate taxation, cost accounting, government and nonprofit accounting, and classes in contemporary auditing.

Master’s Degree Programs

Course work at the master’s level will prepare you for management and administrative roles as well as often offer the credit hours required to sit for the CPA exam.  Generally, students can pursue an MBA with a focus in accounting or the MAcc, the Master of Accounting. Here are some of the differences between the two:

MBA with a focus in accounting

The MBA degree’s broad curriculum teaches the client management and business strategy concepts that will help in jobs that are more geared towards management. The courses within the accounting concentration primarily emphasize the following:

  • Overlap between general management and business
  • In-depth accounting applications and concepts
Master of Accounting (MAcc)

acctdegree-mas-iconThe MAcc curriculum focuses more on preparing students for the CPA exam and the Certified Management Accountant (CMA) exam. Since some states demand a fifth year of education to sit for the CPA exam’s 150 hour requirement, you’ll still only be a few classes short of a master’s anyway, so it provides a great reason to continue earning your MAcc. MAcc programs usually include courses dealing with the following subjects:

  • Research
  • Business Valuation
  • Cost management
  • Information Systems
  • Auditing
  • Policy
  • Taxation
  • Consulting Services
  • Financial and managerial accounting

What certifications will I need?

Robert Half International’s Salary Guide states that the certified public accountant (CPA)— an accountant who is licensed by a state board of accountancy—designation remains the most frequently requested credential by employers, but as technology and finance become more closely intertwined, other certifications are becoming more relevant. Some of these may include the following:

  • CISA—Certified Information Systems Auditor
  • CFA—Chartered Financial Analyst
  • CIA—Certified Internal Auditor
  • CMA—Certified Management Accountant
  • CPP—Certified Payroll Professional

These certifications are awarded by distinctly prestigious professional associations, including the ISACA, the Institute of Management Accountants and the Institute of Internal Auditors.

What will I learn in my courses?

acctdegree-cimaAccording to the Chartered Institute of Management Accountants (CIMA), students interested in becoming an accountant must abide by a code of ethics, in companion to completing their college coursework. The fundamentals that must be learned and complied with include these principles:

  • Integrity in professional and business relationships
  • Objectivity, lack of bias and no conflict of interest
  • Professional competence and due care
  • Confidentiality
  • Professional behavior and compliance with laws and regulations
  • Avoid actions that discredit the profession

How long will it take?

Depending upon your level of dedication, an accounting major can take the following time to complete:

  • Associate’s degree programs, which provide entry-level opportunity, usually take two years
  • A bachelor’s degree program generally takes four years
  • Master’s degree programs and MBAs generally require one-to-two years

accounting-degree-length

cpa-150-hours

  • The CPA requires 150 hours of college credit in order to sit for the exam, which amounts to a bachelor’s degree plus some graduate coursework

Are online programs available?

Luckily, online programs for accountants are readily available for all degree levels, including associate’s, bachelor’s, MBA and MAcc degree programs. Additionally, most distance learning business degree in accounting programs prepare you to sit for the Certified Public Accountant (CPA) examination. Refer to your state’s Board of Accountancy for the specific requirements you will need to meet in order to be certified in your state.

Depending on degree level, course work will include the following subjects:

  • General or advanced studies of financial accounting and management
  • Cost accounting and management
  • Auditing
  • Taxation
  • Economics and information systems
  • Classes in business law, ethics and technology may also be part of a program’s curriculum

After earning an online accounting degree, students will be prepared to create, analyze and verify financial documents in order to provide information to clients. Graduates go on to become public accountants, consultants, forensic accountants, management accountants and public sector accountants.

How much will my education cost?

The cost of bachelor’s degree programs varies depending upon the institution you attend. According to College Board’s Trends in College Pricing 2017-2018, the average annual cost* for a four-year, public institution runs over $9,900 for in-state tuition and $25,620 for out-of-state-tuition.

The average annual cost for a four-year private non-profit school is $34,740 and over $16,000 for a private for-profit school.

Tuition Cost
BACHELOR’S DEGREE PROGRAMAccording to College Board’s Trends in College Pricing 2017-2018Average Annual Cost for a four yearPUBLIC INSTITUTION

$9,970
in-state tuition

$25,620
out of state tuition

Average Annual Cost for a four yearPUBLIC INSTITUTION

$34,740
non-profit school

$16,000
profit school

Master’s degree program tuition at in-state public institutions cost an average of $8,670 per year, and doctorate program tuition cost $10,830 per year at in-state public institutions.

MASTER’S DEGREE PROGRAMAccording to College Board’s Trends in College Pricing 2017-2018Average Annual CostPUBLIC INSTITUTION$8,670in-state tuition
DOCTORATE DEGREE PROGRAMAccording to College Board’s Trends in College Pricing 2017-2018Average Annual CostPUBLIC INSTITUTION$10,830in-state tuition

*Cost of tuition and fees only. Prices do not reflect books, room and board.
CPA exam costs vary by state for the initial application fee (generally from $30 – $200) but in general you can expect your application and exam fees to cost around $1,000. If you choose an exam test prep course, such as Becker CPA Review, Purdue University Global CPA Review or Yaeger CPA Review, expect an average of $1,500. You can expect your CPA ethics exam fee and your licensing fee to add another $300-$500 to your total costs.

Undergraduate:

A strong college preparatory high school education is a good start for your accounting degree program. Courses in English, speech, communications, math and accounting are important. If your school offers computer technology classes make sure you enroll, as these skills will be integral through college and into your career. Make sure you develop your leadership skills, as college admissions officers look for applicants who display such qualities. Join school clubs to help cultivate this skill, or volunteer in a community program.

Graduate:

A completed, four-year bachelor’s degree in accounting or finance will prepare you for graduate school.


GRE and GMAT:

The Graduate Record Examination (GRE) or Graduate Management Admission Test (GMAT) is not required for admission to degree programs in the U.S. However, you may submit a score for review with your admission materials.

What accreditation is there for my program?

Accreditation shows that an institution or program meets standards of quality set forth by an accrediting agency, and that it is committed not only to meet those standards but to continuously seek ways in which to improve the quality of education and training provided. There are two types of educational accreditation: institutional and specialized.

The three main specialized accreditors for business and accounting degree programs include:

The Association to Advance Collegiate Schools of Business (AACSB):

logo-AACSBAACSB International accredits degree programs in business administration and accounting at bachelor’s, master’s and doctorate levels

Accreditation Council for Business Schools & Programs (ACBSP):

logo-ACBSPACBSP accredits business, accounting and business-related programs at the associate, bachelors, masters and doctorate degree levels worldwide International

Assembly for Collegiate Business Education (IACBE):

logo-IACBEThe IACBE accredits business programs that lead to associate, bachelors, masters and doctorate degrees. It does not accredit institutions that only offer associate degrees in business

Institutional accreditation is provided by regional and national associations of schools and colleges, such as The Higher Learning Commission. Institutional accreditation is provided by regional and national associations of schools and colleges. There are six regional associations, each named after the region in which it operates (Middle States, New England, North Central, Northwest, Southern, Western). Learn more.

Attending an accredited school may allow you to apply for financial aid, whether the school you select is a traditional classroom or online program.  Learn more about accreditation.

What should expect my student-teacher ratio to be?

Students in undergraduate accounting programs will find a higher student-teacher ratio as many preparatory classes are lecture-oriented and you can expect class size to be larger. As a rule, the further you progress in your education and field of specialty the smaller you should expect the ratio to become.

The ideal student-teacher ratio is around 14:1 according to U.S. News & World Report’s Best Schools survey.

ratio

Online Programs

One classic criticism of online programs is that you’re isolated from your teachers and classmates, but the opposite is often true. You may actually interact more with instructors and peers in online discussions, social media venues, and emails, than in a traditional classroom setting. The National Center for Education Statistics ranks the top 64 online universities on a number of factors, including student-teacher ratio. They found a range of 7:1–94:1 for their top 64 not-for-profit and for-profit schools.

Accounting Career and Degree Guide

  • Overview
  • Job Description
  • Salaries
  • Degrees
  • Common Questions
  • Online Accounting Degrees

Starting Your Career

  • Learn How to Become an Accountant
  • Associate’s Degree in Accounting
  • Bachelor’s Degree in Accounting
  • Getting Trained in Accounting

You May Also Like

  • How to Ace the GMAT: Three Tips
  • Master’s in Accounting: Everything You Need to Know
  • Online Accounting Degree Programs
  • CPA Certification and the CPA Exam
  • Types of Accounting: Assess Your Accounting Career Options

Find a Business Program

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Program outcomes vary according to each institution’s specific curriculum and employment opportunities are not guaranteed.

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How to Complete CPA Exam Requirements Online

Posted on by Kristie Rickerd

CPA1

A career as a Certified Public Accountant (CPA) can be both financially lucrative and professionally fulfilling. In fact, U.S. News and World Report recently ranked CPA sixteenth in a profile of the “ 100 Best Jobs .” With high marks for personal satisfaction, job security and future growth, as well as average salary of $73,800, it should come as no surprise that a career as a CPA is appealing to many people.

With the growth of online education in recent years, there has been increased interest in meeting CPA exam requirements through the pursuit of an online accounting degree or certificate. Depending on whether you have obtained a bachelor’s degree from an accredited college or university, you have different options for pursuing education online that will prepare you for the CPA exam.

While myths persist in some circles that a master’s degree in accounting or finance is necessary to become a CPA, the truth is that nearly all states require one of two academic paths, and both require only a bachelor’s degree, a goal that, increasingly, can be attained through online accounting degree programs.

Essentially, becoming a CPA, whether by traditional or online academic paths, crystallizes to what some refer to as the “three E’s.” The first “E” is, of course, education. The second is “examination.” And the third is “experience.”

The education aspect of becoming a CPA involves choosing between two approaches. A regionally accredited bachelor’s degree in accounting that includes 150 semester credits is the most direct educational route. In Oregon, for the 150 semester credits, 24 of those must be in business-related subjects such as business administration, law, economics, finance communication, and 24 of the semester credits must be in accounting. These are common requirements, but each student should check with their State Board of Accountancy . Students can choose to complete their bachelor’s degree through an online accounting degree program or through traditional in-class learning.

For those who have not earned a bachelor’s degree, there are numerous colleges and universities that offer accounting degrees online. As is the case in face-to-face learning, educators who teach online courses have great latitude in designing courses that are uniquely their own, customizing the approach to fit the material and employing new technologies—such as blogs, chat rooms, discussion boards, websites, streaming video, or podcasts—to engage and inspire their students.

However, since many bachelor’s degrees in accounting are conferred before the completion of 150 semester credits, supplemental coursework is often necessary. For students short of 150 semester units, or for those students who have earned a bachelor’s degree in an area of study outside of accounting, supplemental coursework requirements can be met through the completion of a regionally accredited post baccalaureate accounting certificate. Though some choose to pursue their certificate in a traditional in-class setting, many students today are opting to earn their accounting certificate online.

When deciding whether to pursue an online accounting degree or certificate to prepare for the Uniform CPA Exam, it’s important to consider whether you have the capacity to be a successful online and self-directed learner. Online learning is a little different than classroom learning. You must organize and structure your time. You are the seeker of information. Participation is not optional. The advantages of taking classes online are the flexibility and ease of access.

Once the education requirements have been met, the pursuit of an online accounting degree or certification continues with the second “E,” the examination phase. The CPA exam, or Uniform Certified Public Accountant Examination, is required by all state boards of accountancy in the United States. The Uniform CPA Exam consists of four distinct sections:

  1. Auditing and Attestation
  2. Financial Accounting and Reporting
  3. Regulations
  4. Business Environment and Concepts

The sections can be completed separately, but all four must be completed within an 18-month time frame. Despite the prevalence of online accounting degree programs, there is currently no online-based Uniform CPA Exam; the exam must be taken only at approved testing facilities.

Prior to taking the exam, it can be tremendously helpful to review the CPA exam site, which includes CPA exam requirements, tutorials, and sample tests that can be taken online, as well as visiting your state board of accountancy for a full list of state-specific requirements to sit for the CPA exam.

After the completion of the required education and examination, prospective CPAs are left but with one step to certification, the third “E” of experience. In order to become a CPA in most U.S. states and jurisdictions, one must meet strict experience-based requirements that vary by state but can include all of the following:

  1. Working under the supervision of a CPA in good standing who has been licensed to practice, in any state, for a period of five years or more.
  2. Creating a portfolio that demonstrates experience and proficiency in fundamental areas of competency.
  3. Passing an Ethics examination that establishes an understanding of the Code of Professional Conduct expected in the accounting field.

After completing the “three E’s,” prospective CPAs are eligible to apply for an accounting license, a process overseen at the state level by each state’s board of accountancy. For more detailed information from each jurisdiction and/or state, the National Association of State Boards of Accountancy can be an invaluable resource.

Whether you choose to pursue an online accounting degree or prefer a traditional in-class format, becoming a CPA can be a great start toward a rewarding career.

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