Earning a bachelor’s degree in accounting is a challenging but rewarding academic experience that opens doors to numerous career opportunities. While general education courses in subjects such as English, history, and science, will be required to earn a degree, students in the accounting program will also focus on coursework in taxation, managerial accounting, auditing, financial accounting, and accounting information systems. Learn more about Pepperdine’s accounting program and the degree in general below
Which bachelor degree is the best choice to become an accountant?
While multiple fields of study can lead to a career as an accountant, earning a bachelor of science in accounting is the most direct option. Students who study accounting learn the fundamentals of accounting principles, auditing procedures, and taxation laws. Beyond earning a degree in accounting, a bachelor of science in finance can also be advantageous as students gain foundational knowledge in both accounting and finance.
What are some of the requirements to become an accountant?
Though requirements vary according to the company or location, accountants generally must have earned a college degree, passed the Certified Public Accountant (CPA) exam, and have some professional experience. Honing analytical and communication skills, as well as being familiar with financial markets and business operations are also critical components to becoming an accountant.
Can I major in accounting if math is not my strongest subject?
The primary focus of accounting entails analyzing financial data, preparing financial statements, and assuring adherence to tax laws and regulations. Earning a degree in accounting can be challenging due to the complex nature of the subject matter, however it is not necessarily categorized as math-heavy. Students who are dedicated, diligent, and hard-working can successfully earn an accounting degree.
What does the path after graduation look like for an accountant?
Obtaining a degree in accounting is the first step to entering the field. Many accounting programs offer internships that allow students to gain relevant work experience before graduating. Additionally, obtaining a Certified Public Accountant (CPA) license may require several years of work experience but there are alternative paths to entry-level accounting positions that do not require licensure.
What is the average salary of an accountant?
Obtaining a bachelor of science degree in accounting can be a beneficial investment in one's future. In 2021, the Bureau of Labor Statistics reported that accountants and auditors earned a median annual salary of $73,561. Job opportunities for accountants and auditors are forecasted to grow at a rate of 10 percent from 2020 to 2030, surpassing the average growth rate of all occupations.
What is the difference between earning a BA or BS in accounting?
The disparity between a bachelor of arts (BA) and a bachelor of science (BS) in accounting is centered on the distinct curriculum for each program. A bachelor of science in accounting generally requires rigorous coursework in mathematics and natural sciences, whereas a bachelor of arts in accounting is concerned with a more expansive exposure to liberal arts coursework. Both degrees can lead to a flourishing profession in accounting.
What classes are required for an accounting degree?
The specific classes required for an accounting degree may vary depending on the program, but typically include courses in financial accounting, managerial accounting, auditing, taxation, information systems, economics, and business law. Additionally, the majority of accounting programs require courses based in mathematics such as calculus and statistics.
What skills do you need to be an accountant?
Successful accountants are skilled in the following areas: analytical and critical thinking abilities, unwavering focus on details, exceptional communication, and the capacity to perform effectively under demanding circ*mstances. Having proficient knowledge of financial markets, tax regulations, and business operations is also indispensable.
In summary, the study of accounting can lead to a successful post-academic career for those interested in accounting principles and financial markets. While the degree requires hard work, dedication, and attention to detail, anyone can succeed in the program with effort. Obtaining an undergraduate degree in accounting is the first step towards a successful career and opportunities for work experience, available through internships and alternative entry-level positions, can help make it a reality. If you’re interested in becoming an accountant, explore more about Pepperdine’s accounting degree program.
FAQs
Most bachelor degree programs in accounting consist of 120 credit hours of coursework and take full-time students approximately four years to complete. Instruction varies but it tends to focus on several fundamental financial concepts such as fraud examination, accounting, ethics, and tax reporting.
What do I need to know before majoring in accounting? ›
Essential skills for accounting majors may include1:
- Strong math and analytical skills.
- Problem solving.
- Strict attention to detail.
- Organization and planning.
- Familiarity with Microsoft Office Suite, Quickbooks, and other popular finance and accounting software.
- Knowledge of GAAP (generally accepted accounting principles)
What classes are required for an accounting degree? The specific classes required for an accounting degree may vary depending on the program, but typically include courses in financial accounting, managerial accounting, auditing, taxation, information systems, economics, and business law.
What requirements are needed to study accounting? ›
Admission requirements:
Academic: BCom or equivalent AND Honours, also called the Certificate in the Theory of Accounting (CTA) (must be SAICA approved). NQF level: 8. Practical: 3 to 5 years training work contract. Exams: The Initial Test of Competence (ITC) can be written after completing the CTA.
What are the basic requirements for accounting? ›
Education, Experience, and Licensing Requirements:
- A bachelor's degree in accounting, economics, finance, or a similar major is required.
- A master's degree is preferred.
- Must be a certified public accountant (CPA)
- A minimum of five years' experience in accounting/finance is required.
Accounting is considered one of the most difficult subjects at University, and likely the most challenging in the college of business. From my experience, there are several folks who will attempt to get an accounting degree and ultimately fail due only to lack of ability and not lack of dedication.
What do I need to learn before accounting? ›
Begin your financial accounting education by learning how to read and analyze three key financial statements: the balance sheet, income statement, and cash flow statement. These documents contain valuable information about your company's spending, earnings, profit, and overall financial health.
Is a bachelors enough for accounting? ›
A bachelor's degree qualifies you for entry-level positions and is a first step to meeting requirements for a CPA. But if you want to take your bachelor's degree in accounting to the next level consider: Completing a master's degree in accounting.
What qualifications do I need to be an accountant? ›
You could do a degree in any subject then apply for a place on a graduate training scheme to work towards a professional accountancy qualification. If you want to take a more focused route onto a graduate scheme, you could study for an accountancy related degree, like: accountancy. accounting and finance.
What level of math is needed for accounting? ›
All accounting students are required to take courses in Algebra and Statistics in their first two years of study. These mathematic courses usually include College Algebra, Elementary Statistics and Business Statistics.
Bachelor of Science in Accounting
A Bachelor of Science (BS) in Accounting prepares students for entry-level professional positions in public, private, and government accounting. Some schools call this degree a Bachelor of Accountancy.
What qualification is best for accounting? ›
ACCA is a widely recognised and respected accountancy qualification. Founded in 1904, ACCA has a long history of providing top-quality training and education to aspiring accountants across the globe.
How long does an accounting degree take? ›
The length of time it will take you to receive your degree can vary, and the total time will depend on a number of factors, including how many credit hours you've already completed as well as the course of studies you intend to follow. In general, it takes four years of study to earn a degree in accounting.
What skills do you need to be an accountant? ›
Despite wide variation in their respective duties, successful accounting professionals all possess the same main skills. Key examples include financial analysis, critical thinking, collaboration, and confidence with specialized financial software platforms.
What are the 3 basics of accounting? ›
What are the Golden Rules of Accounting?
- Debit what comes in - credit what goes out.
- Credit the giver and Debit the Receiver.
- Credit all income and debit all expenses.
Aspiring accountants need a bachelor's degree in accounting or business to begin work in the field. A bachelor's degree usually takes about four years and 120 credits to complete. Those with an associate degree might enter the field as bookkeepers or accounting clerks.
How do I prepare for a career in accounting? ›
How to prepare yourself for a career in accounting?
- Earn a bachelor's degree in business. ...
- Obtain professional accounting qualifications. ...
- Secure an internship at accounting firms. ...
- Acquire relevant accounting work experience. ...
- Build a professional network.
Accounting requires a deep understanding and interest in complex mathematical skills like algebra, statistics, and calculus. Coursework for an accounting degree may begin with relatively basic algebra but can quickly escalate into more advanced math topics.
How do I know if accounting is for me? ›
Examine your interests and skills to determine which accounting career resonates with you the most. Consider areas where you excel—like financial analysis, problem-solving, or attention to detail. This will help you choose a path that aligns with your natural abilities.
