Saturday, 19 May 2012

Online Diplomas and Certificates for Accountants

Accountants play a crucial part in the daily business operations of companies of all sizes. Typical accountant duties include managing ledgers, maintaining balance sheets, completing audits and analyzing business accounts. Online diploma programs in accounting are generally not available, but some schools offer online certificate programs.

Online Accountant Certificate Program Overview

Online undergraduate certificate programs for prospective accountants are structured to accommodate students who are interested in beginning a career in accounting. A typical curriculum may include courses in cost accounting, business valuation and corporate accounting. Most schools require prospective students to have a high school diploma or GED.

Program Description and Details

Most online accountant certificate programs require students to complete anywhere from 16-20 credits in accounting courses. Most schools also allow students to take courses for the certificate both online or in a classroom.
Students interested in online accounting certificate programs need to ensure their computers and Internet browsers meet school requirements. Typically, as long as individuals have a current operating system and plug-ins to view different types of media, they should be able to take online accounting courses through most institutions. Commonly used software for online programs include Flash Player and Adobe Reader.

Course Information

Online accounting certificate programs teach students about financial accounting practices and financial principles. Common accounting courses include:

Cost Accounting Course

This course teaches students how to analyze cost and variance and make effective business decisions based on the resulting data. The course also discusses how cost accounting fits into a larger accounting department.

Corporate Finance Course

Corporate finance courses cover the methods accountants and financial managers use to make business decisions and investments. Topics may include the cost of capital, value of stocks and bonds, and risk and return.

Principles of Business Law Course

Students in a business law course study federal and local laws that govern business and finance. The course also covers contracts and limited liability companies, as well as addresses the topic of when to refer questions to a lawyer.

Business Valuation Course

A business valuation course teaches students to apply financial and economic theory to investment practices. Students learn practical methods to determine the cost of capital, free cash flow, total invested capital and economic profits.

Career Outlook for Accountants

According to the U.S. Bureau of Labor Statistics (BLS), the median annual salary for accountants in 2009 was around $60,300 (www.bls.gov). The BLS also states that career opportunities for accountants and auditors are expected to grow 22% over the period from 2008 to 2018. This growth is due to the development of new businesses, as well as changes to government business regulations and financial laws.

Continuing Education and Certification Opportunities

Many of the courses offered in online accounting certificate programs can be later applied toward the completion of an undergraduate degree; according to the BLS, most accounting positions require a bachelor's degree at minimum. Individuals may also want to consider taking the Uniform Certified Public Accountant (CPA) Examination or the Certified Management Accountant (CMA) examination. Most states require coursework beyond the bachelor's degree to sit for the CPA Exam, and post-bachelor's certificate programs in accounting can provide graduates with the necessary, additional credits.

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