Train Online to be An Accountant

Barry Lenson

Train Online to be An Accountant

If you like working with numbers and you’d like a job that offers security and good pay, consider a career in accounting.

According to the U.S. Department of Labor’s 2011 Occupational Outlook Handbook, the demand for accounting and auditing professionals will continue to increase strongly during the next seven years. To quote from the report:

Employment of accountants and auditors is expected to grow by 22 percent between 2008 and 2018, which is much faster than the average for all occupations. This occupation will have a very large number of new jobs arise, about 279,400 over the projections decade. An increase in the number of businesses, changing financial laws and corporate governance regulations, and increased accountability for protecting an organization's stakeholders will drive job growth.

As the economy grows, the number of business establishments will increase, requiring more accountants and auditors to set up books, prepare taxes, and provide management advice. As these businesses grow, the volume and complexity of information reviewed by accountants and auditors regarding costs, expenditures, taxes, and internal controls will expand as well. The continued globalization of business also will lead to more demand for accounting expertise and services related to international trade and accounting rules and international mergers and acquisitions. Additionally, there is a growing movement towards International Financial Reporting Standards (IFRS), which uses a judgment-based system to determine the fair-market value of assets and liabilities, which should increase demand for accountants and auditors because of their specialized expertise.

Is an accounting career for you?

One of the best ways to answer that question is to take an online college accounting course. It’s a smart, low-cost way to learn accounting basics and decide whether to pursue an accounting career.  

Accounting I - Accounting I focuses on basic accounting principles and how they function in normal business operations. Students learn to identify and use Generally Accepted Accounting Principles (GAAP), ledgers and journals, and steps of the accounting cycle. The course also introduces bank reconciliation methods, balance sheets, financial statements, assets and liabilities, and equity, and discusses the issue of business ethics.

Accounting II - Accounting II expands on what students learned in Accounting I, changing the focus to corporate accounting. Lesson topics include how corporations are formed and structured, with an emphasis on corporate characteristics. The course also examines stocks, bonds, notes, purchase investments, analysis of financial statements, cash flow, budgets, and budget management. It offers an in-depth look at managerial accounting.

Managerial Accounting This new course focuses on the identification, gathering, and interpretation of information for planning, controlling, and evaluating the performance of a business. This course studies the measurement of the costs of producing goods or services and how to analyze and control these costs.

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