Friday, 18 May 2012

Online CPA Course and Class Overviews

Those looking to crunch numbers as certified public accountants (CPAs) can obtain some or all of their training online, depending on previous background. Web-based courses in accounting can be found at the undergraduate and graduate levels, though some on-campus fulfillments may be required. This article covers what to expect from a variety of online CPA courses.

Overview of Online CPA Courses

Individuals interested in taking CPA courses online can find them through undergraduate and graduate certificate programs or through Bachelor of Science or Master of Accounting programs. Those applying for the CPA credential need to have around 150 total semester hours of college coursework. This can be attained by enrolling in a graduate program or by taking additional undergraduate courses in public accounting.
Usually available via colleges' and universities' business schools or extension departments, these courses train future CPAs to organize and report taxes, expenditures and other financial data for businesses and individuals. Online courses may not satisfy all program requirements, and some states - Texas, for example - require CPA candidates to pursue at least a portion of their education on campus. Finance-minded students looking for employment in accounting firms, government agencies or other public sector areas can benefit from these courses.

Course Requirements

While the technical requirements of online CPA courses aren't terribly demanding, many recommend that students' computers be as up-to-date as possible to handle any media used in course delivery. Much like online courses in other fields, CPA coursework is delivered via e-mail or online messaging boards. CPA students have to run accounting software programs, such as Intuit QuickBooks or Microsoft Dynamics. Some courses utilize video and audio lectures; students then need the appropriate Internet plug-ins to run such media. Most plug-ins can be downloaded for free in a short time.

List of Online CPA Courses

Financial Accounting Course

Broad courses on financial accounting are usually taken during a student's sophomore or junior year, though similar courses can be found in graduate-level programs. This course focuses on the general theories related to the CPA profession and the means by which financial data is reported. Online technical requirements for financial accounting courses are minimal, because this theory-oriented CPA material can be communicated easily through text.

Federal Taxation Course

Often an upper-level undergraduate CPA course topic, federal taxation refers to the laws, policies and procedures pertaining to nationally mandated taxes on property, businesses and individuals. In many cases, courses on taxation examine the tax laws of the current calendar year. Some courses on federal taxation might be very specific in nature, covering the tax policies pertaining to either persons or companies.

Auditing Course

Auditing is another undergraduate CPA subject that may be available online. Courses on auditing address the methods used to investigate fiscal statements. This subject is presented in a broad context. It can be applied to many subspecialties of accounting, including government, management and public accounting.

Cost Accounting Course

A very common subject in the accounting world, cost accounting deals with the management and reporting of expenditures. CPAs use principles of cost accounting to assist businesses and self-employed people with tax deductions and financial planning. Students explore cost accounting as early as junior year of a bachelor's degree program. This topic is also commonly addressed in graduate-level certificate and degree programs.

Accounting Information Systems Course

Increasingly relevant to changing technologies in accounting, courses on accounting information systems are included mainly in graduate-level CPA degree and certificate programs. Students explore current systems, and they learn how to use and maintain these systems, based on the demands of contemporary accounting measures. Online courses in accounting information systems are likely to include technical components like specialized software. They use hands-on computerized methods for analyzing business processes and improving the efficiency of financial record-keeping systems.

Business Law Course

Common to many graduate CPA programs are courses on business law. Students learn the basic legalities surrounding businesses as they apply to finance, taxation and accounting. Rapidly changing laws represent a major factor in the predicted speedy job growth for all accountants, reports the U.S. Bureau of Labor Statistics (www.bls.gov). Therefore, CPAs with a solid knowledge of business law might have an edge in the job market.

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