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Benefits of Online Accounting Degree Programs

Benefits of Online Accounting Degree Programs

In this article, we will take a look at the prospects of enrolling for an online accounting program, along with some tips on the same. Have a look...
EduZenith Staff
Having a graduate degree gives you significant opportunities than you would have with just a high school diploma. People with a Bachelor's degree or a Master's degree generally receive higher salaries and are able to derive more job satisfaction. Still, if you missed out on college, it is never too late. Education is a lifelong business, and you can always go back. If you are a busy professional and cannot spare the time to enroll in a regular university and attend classes full-time, you should consider taking online classes. Most of the major universities, nowadays, have online courses, and online degrees are acceptable by most employers. Here are 5 reasons why you should consider going for an online accounting degree program.
1. Job Prospects
If you're excellent with numbers, are willing to put in long hours, and can work well under pressure, then accounting is the career for you. There is a rising demand for qualified and competent accountants in the corporate world. As businesses expand around the globe, more and more accountants, well-trained in the latest technological and business skills, are needed to render specialized services in the areas of cost accounting, auditing, and taxation. They are also required to provide advise and information on the various aspects of financial and commercial laws. Given the financially crucial nature of their work, they receive correspondingly high salaries. Data compiled by the National Association of Colleges and Employers gives the following average salary estimates―$44560 for new-fledged accountants and $85000 for experienced accountants.
2. Good Educational Qualification
Having a good educational base, particularly a graduate degree, is of the utmost importance in the accounting field. Most employers will not hire you if you do not have the proper qualifications. So, it is imperative that you have a Bachelor's or a Master's degree, if not a PhD, in accounting. Just make sure that you get your degree from a college or university that has proper accreditation from a legal regional association. Non-accredited degrees have little or no value in the business world.
You will need to complete an accounting degree program that includes courses in auditing, financial accounting, managerial accounting, litigation, and corporate and individual taxation. Degree certificates in these courses can also be obtained through reputable online degree programs―these are acceptable in the job market.
Through an online accounting degree program, you can train to become a Certified Public Accountant (CPA), a Certified Internal Auditor (CIA), and a Certified Management Accountant (CMA). While the US has Certified Public Accountants, many other countries have the equivalent in Chartered accountants. The work responsibilities are practically the same.
3. Flexibility
A regular university course in accounting requires four years to complete. An online accounting degree program offers you the flexibility to study at your own pace. You can take your time or accelerate through the coursework and finish in a year or two. You can also take extra, specialized, and short-term courses that can be completed in a matter of weeks.
4. Extra Training
You can study for online degree programs while continuing with your regular schedule. There are always new developments happening in the world of finance, and taking the latest courses will help you keep on par with the current information and technology. The program you choose will undoubtedly boost your work profile, and thereby, advance your career prospects.
5. Wide Range of Courses
Many reputed colleges and universities now have online courses and provide students with all the required support and help. You can select from a wide variety of online programs in accounting.