In our article today, we are going to consider the best online accounting degree and the online schools you can enroll for these programs. We shall also talk about their tuition fees, duration etc. Before we start, let’s briefly look at the benefits of studying accounting online and the work of an accountant.
Benefits Of Studying Accounting
An accountant will always be able to find work, regardless of the state of the economy. A bachelor’s degree in accounting can lead to long-term employment security. If you’re currently employed in the sector, you can expand your expertise by enrolling in an online program at your leisure. If you’re just beginning started, an entry-level position might help you get experience as you continue to expand your abilities through online courses. Here are the benefits of studying accounting online:
Whether you’re pursuing a bachelor’s or master’s degree, you’ll need to take core classes to gain general information. Basic tax law, bookkeeping, tax filing, and accounts receivable courses will provide you with a solid foundation. You can then pursue specializations in other areas. Numerous specializations, such as marketing, statistics, auditing, and business systems, will be offered by various online colleges and institutions. You should be allowed to transfer credits if you attend classes at a recognized college and later decide to transfer to a different school that offers a different choice for you.
According to PayScale, the average annual compensation for an accountant is $47,000. While a bachelor’s or associate’s degree can help you obtain an entry-level or mid-level employment as a staff accountant, a master’s degree can assist you obtain managing jobs. A master’s degree can typically give you with enough credit hours to sit for the CPA exam, which can help you advance your career.
According to a 2011 research, 65 percent of students had taken an online course at the time of the study, and 71 percent of students identified flexibility as a benefit of online learning.
If you work full-time as a bookkeeper, enrolling in an online degree program during your spare time can help you improve your skills and knowledge. While pursuing your degree, you’ll be able to work and earn a living. With over 30% of distance learners also working full-time, flexibility is a major consideration.
Although online schools’ tuition is not always less expensive than traditional colleges or universities, earning an accounting degree online can still save you money. Out-of-state and private universities often charge higher tuition than online schools. You can also save money by living at home and not having to commute to school.
Many online universities allow you to acquire a master’s degree faster than you might at a regular university if you already have an associate’s or bachelor’s degree. Many Master of Accountancy programs equip you to work at a higher level, allowing you to earn a practical wage while completing the remaining amount of hours required to sit for the CPA exam.
Read also: How To Pursue Online MBA with No GMAT
Who Is An Accountant?
An accountant is a person who is in charge of maintaining and interpreting financial records. Most accountants are in charge of a variety of financial activities, whether for individual clients or for bigger enterprises and organizations that hire them.
Several other terms are frequently used in conjunction with the term “accountant,” which can lead to misunderstandings about what this profession comprises. For example, while the terms “accountant” and “bookkeeper” are commonly used interchangeably, there are some fundamental distinctions between these occupational titles.
Bookkeepers usually have at least an associate’s degree and specialize in tracking financial transactions. Accountants, on the other hand, usually have a bachelor’s degree in accounting and are responsible for understanding financial data rather than simply collecting it.
To summarize, accountants can also be bookkeepers, but not all bookkeepers can also be accountants.
A certified public accountant (CPA) is an accountant who has passed the CPA exam and complied with state licensing criteria. CPAs are all accountants, but accountants are not all CPAs.
Accounting is a broad phrase that refers to a variety of professional titles and roles inside businesses. Public accountants, management accountants, and government accountants are the three primary types of accountants, each focusing on a different part of the profession. Internal and external auditors have a lot in common.
Let’s now look at some of the top best online accounting degree and the schools offering them.
Best Online Accounting Degree
Here are the top online accounting degree and the schools offering them. We have also provided the tuition fees and duration of the programs.
The Ketner School of Business remains a focal point in Trine University’s vision to offer personalized, career-based degrees online. The school takes its name from alumnus Ralph Ketner, who co-founded Food Lion, the national grocery chain. Classes start on an eight week rolling basis for flexible, faster credits.
Students can learn how to make themselves marketable with the professional development and strategies course starting as early as sophomore year. Other classes focus on communication skills and strategies so students can effectively use what they learned in the workplace. Advanced topics like managerial finance extend beyond basic accounting with a spotlight on leading entire corporations, capital, and potential mergers.
Only 4.8 percent of Trine graduates had defaulted on their debts within three years of receiving their degrees as of the 2017 fiscal year. In addition, the school provides an accelerated schedule, a fixed fee per credit, and free educational tools to supplement expensive textbooks.
Tuition fees: $399 per credit. Duration: 1 to 4 years.
Maryville University, which was founded over 150 years ago, began offering courses to poor youths and women as part of its commitment to make higher education more accessible. The school’s heritage lives on today, with distance learning programs designed with accessibility in mind.
Through numerous academic tracks within the degree, Maryville’s accounting department caters to students’ intended professional choices. While obtaining their bachelor’s degree in accounting, students can earn credits toward a master’s degree through an early-access program.
Maryville understands that the function of accountants is continuously changing. As a result, additional desirable topics and abilities, such as marketing and sales, are included in the accounting curriculum at the institution.
The digital foundations course prepares students for a job market that is continually evolving as a result of technological advancements. Through Maryville’s 30 business partners, students can earn crucial network connections, internships, and prospective career placements even before graduation.
Tuition at Maryville has been frozen for the 2020-21 academic year. The school’s minimum 2.4 percent loan default rate as of 2017 is the best on this list, and the early-access program can save money on a master’s degree. Undergraduate students paid a net price of $29,357 for the 2018-19 school year. Financial help is available to 99 percent of Maryville students, with grant and scholarship packages averaging $14,968.
Tuition fees: $500 per credit, Duration: 2.5 Years.
Bachelor of Business Administration in Accounting(Shorter University)
Shorter’s online programs include eight-week periods for quick credit approval. In addition, the institution provides an accelerated path that allows students to complete a bachelor’s and master’s degree in just four years. Shorter University offers a variety of incentives and initiatives to military students, including a 20% discount on all online courses that count toward a degree.
Some accounting schools emphasize on general accounting abilities to appeal to a wider audience, but Shorter focuses exclusively on business. Students can enroll in QuickBooks classes as well as other interesting topics such as swindles and schemes. Each course combines business theory and practice, and students are encouraged to get work experience through internships.
Tuition fees: $367 per credit, Duration: 4 years.
B.Sc in Accounting (Colorado State University-Global Campus)
The CSU-Global is a branch of the main school system that offers a variety of online programs and tools for degree seekers. The school equips students and professionals with the skills they need to succeed in today’s interconnected, global work market.
The online accounting program at CSU-Global focuses on teaching skills and techniques that are relevant to today’s global business sector. For an accounting degree, the institution offers 26 specialties. Students can enroll in advanced courses such as government and nonprofit accounting, forensic accounting, and artificial intelligence-assisted company valuation.
To shorten their program, transfer students can carry up to 90 credit hours with them. The majority of CSU-Global accounting graduates (90 percent) go on to pursue professions in their chosen sector, with starting salaries average over $65,000 per year.
CSU-Global has a cheap cost of attendance and a tuition freeze that lasts till graduation. A CSU-Global accounting degree can be a solid investment, with a 3.9 percent loan default rate based on 2017 data.
Tuition fees: $350 per credit, Duration: 4 years duration.
Located in the Wisconsin area, LU offers a liberal arts education with United Church of Christ traditions. Learners can use this versatile combination of course delivery to match their schedule because there are many campuses within the state as well as overseas places.
To satisfy their academic demands, LU students have the option of switching between online, hybrid, and in-person courses. For accounting majors, the school provides a fraud and forensics program, which can prepare students for a job identifying and reporting corporate wrongdoing. Students are placed in internships with prominent institutions such as Bank First National, Sargento Foods, and the Internal Revenue Service.
Many facets of real-world accounting employment are covered in the online accounting program. Teaching desirable universal skills such as problem-solving and asset management is one of the school’s main objectives.
For online students, LU offers a variety of financial opportunities. The William R. Kellett Scholarship, for example, is a renewable scholarship that awards $5,000 to full-time students each year. With 71.2 percent of undergraduates getting financial help in the 2018-19 academic year, students have a good chance of saving money.
Tuition fees: $530 per credit, Duration: 4 years.
Business Administration in Accounting (McKendree University)
McKendree’s Methodist roots are used to promote open, polite discourse and scholarly curiosity. The university helps students develop a sense of self-identity and purpose while simultaneously preparing them for the job market.
McK has a 97 percent placement rate for graduates pursuing higher degrees or obtaining full-time jobs within six months of graduation, thanks to its emphasis on academic quality. Students can progress at their own pace with the eight-week programs.
Along with learning business principles, the online accounting program’s curriculum is tailored to develop leadership and critical thinking. With mandatory modules including business ethics and corporate social responsibility, McK’s business school emphasizes moral concerns in the industry. Students will not only develop the skills they need for a successful profession, but they will also learn when and how to apply what they’ve learned in the classroom to real-world situations. To cover current concerns in the discipline, the curriculum concludes with a capstone research in accounting theory course.
Students can save money by taking advantage of McK’s lower credit requirements and regional discounts. As of the 2018-19 academic year, almost 90.1 percent of the school’s undergraduates received financial help, with aid packages average $18,945.
Tuition fees: $390 per credit, Duration: 4 years.
These are the best online accounting degree and the schools offering them. Kindly contact the schools through the links provided and get more information about their programs.