Information & Data
What to Expect from an Online Accounting Program
As a student working to earn your online bachelor’s degree in accounting, you’ll take courses that introduce you to foundational accounting principles, cost management, cost analysis, taxation, accounting information systems, auditing, accounting research, financial management and income tax planning. Typically, you’ll take around 70 credit-hours online and ultimately earn your B.S., B.A. or B.B.A in Accounting. No matter which degree you earn, you’ll be qualified to work as an accountant.
Initial courses will cover the basics. After you understand the essentials of accounting, you’ll delve into more complex concepts meant to prepare you to handle any financial situation in the business world. By the end of your degree, you’ll be equipped to work as an accountant at a small business, large corporation or government entity. You’ll also have taken all of the necessary credits to qualify for and pass the CPA exam; this credential will open endless doors in the professional world.
We’ve compiled a list of prerequisite and core courses from our top school, Indiana Wesleyan University, to give you specific examples of the kinds of classes you’ll be taking.
- Accounting Principles I
- Accounting Principles II
- Accounting Ethics
- Accounting Information Systems
- Advanced Accounting
- Business Law
- Federal Income Tax I
- Federal Income Tax II
- Intermediate Financial Accounting I
- Intermediate Financial Accounting II
- Management and Leadership
- Managerial Cost Accounting I
- Managerial Finance
AICPA/Accountemps Student Scholarship Award: A $10,000 award given out to four students each year to cover expenses associated with the pursuit of an accounting undergraduate or graduate education.
AICPA Scholarship Award for Minority Accounting Students: An award ranging from $1,000 to $5,000 given out to underrepresented racial minority students pursuing an accounting undergraduate or graduate education.
The Education Foundation for Women in Accounting (EFWA) Undergraduate Scholarships: A series of awards for women pursuing post secondary accounting education at all levels. Scholarships are awarded to applicants based on qualifications like need, merit, and nearness to degree completion.
National Society of Accountants (NSA) 15-16 Scholarship Program: A collection of accounting scholarships ranging from $500 to $2,200, given to undergraduates pursuing accounting and college applicants who intend to.
Employment Outlook For Accounting Degree Holders
As long as there are businesses, accountants will remain in demand. Even during times of economic difficulty, accountants rarely struggle to find work. The Bureau of Labor Statistics (BLS) estimates that the number of job openings for accountants will grow approximately 13% by 2022. Though this is the average growth rate across most jobs, the field of accounting is so robust that it’s a great sign there’s still a steady need for more skilled professionals.
According to BLS figures, opportunities abound, especially for Certified Public Accountants. Some of the most common jobs available to graduates of accounting bachelor’s degree programs include: staff accountant, budget analyst, Certified Internal Auditor, comptroller, forensic accountant and Chief Financial Officer. It’s unlikely you’ll become the CFO of a major corporation as soon as you finish your degree. However, having a bachelor’s degree in accounting will definitely help you climb the ladder. Plus, the BLS estimates that accountants earn $63,550 per year on average. That’s certainly not a number to scoff at, especially if it’s your starting salary!
Source: PayScale; Collected August 2015
Where Are the Accounting Jobs?
The following map reflects the average number of accounting jobs per 1,000 total jobs.
Source: Bureau of Labor Statistics
Financing Your Online Degree
Despite the relative affordability of online programs, the need for financial aid is still a reality for most students. But rest assured, loans aren’t your only option. Explore our collection of financial aid resources or dig into one of the following guides to read more about financing your education.
Approximately two-thirds of today’s college students rely on loans to fund their education, but there are plenty of overlooked financing options savvy students can use to reduce the total costs of their education.
Completing the Free Application for Federal Student Aid (FAFSA) is the first and most crucial step for any student seeking financial aid. Follow our step-by-step guide for answers to frequently asked questions.
Financial aid for online learning is equivalent to what you’ll find for campus-based learning, but that hasn’t always been the case. Learn about the changes that have taken place and funding opportunities for online students.
Online programs can provide an affordable and flexible option for single parents looking for a more secure financial future for their children. We’ve compiled a list of scholarships for these hard-working parents.
Millions in education benefits are available for veterans and active members of the military. Unfortunately, much of this goes unused. Find out if you’re entitled to help with college and start planning for your future.