The accounting field is here to stay. There will always be a need for accountants no matter what the state of our economy. Once you’ve made the decision to obtain a Bachelor’s degree in Accounting, your next step may be to decide what kind of degree you need. If you have a particular career in mind, it is best to research, first and foremost, what type of degree it requires. For example, you may need to choose between a Bachelor of Arts (B.A.) degree or a Bachelor of Science (B.S.) degree. An associate degree will teach you the basics in accounting, however, your bachelor’s degree will assure you a wider variety of career options, for there are many branches of accounting from which to choose. At the beginning, both degree types are made up of similar core courses, however, at the upper levels is when they begin to differentiate.
After obtaining your required courses, you may want to earn a Bachelor of Arts degree. This degree allows you to study a more broad spectrum of subjects and requires fewer credits in regards to a specific major. Credits in various liberal arts subjects are essential such as English, natural and social sciences, foreign language, humanities and fine arts. The Bachelor of Arts degree program will allow you more elective courses, as well as, classes in the area of study in which you major, like accounting. A B. A. degree allows a student to become well-versed in several areas of study.
In addition to your core credit classes, a student pursuing a Bachelor of Arts degree in accounting can expect to learn how to prepare financial statements, cost accounting, track financial history and work with accounting program software. Typical coursework may include accounting, management, auditing, business, statistics and economics. Many of these classes are designed to concentrate on liberal arts while also focusing on your degree major, however, the curriculum will not earn enough credit hours required to obtain your Certified Public Accountants (CPA) or Certified Management Accountants (CMA) certification; additional coursework will be needed.
The most suitable degree for the accounting major should be the Bachelor of Science degree. With this degree, you will spend a majority of your educational journey focused on all facets of accounting and related subjects. Some elective courses are required, however, not as many as with a B.A. program. Concentration purely on an accounting major will make you an excellent prospective for employers.
Since a Bachelor of Science program degree requires a more specified area of study, it is wise to have in mind a specific career goal in place. Some of the more common core classes include English, basic algebra, composition, history, literature and government, however, accounting students working towards their B.S. degree should expect to learn essential accounting principle, accountancy planning, strategic decision making, analyzing and communicating data information. Some B.S. programs require their students to choose an additional course as a minor and your electives are kept to a minimum.
So remember, accounting is a field with many career options, therefore, do your research at the onset of your educational journey to find the right degree and scholastic path for your career goals. To get you started on making the right decision for you, we’ve compiled a list of the Best Online Schools for Bachelor’s in Accounting!