Online Masters in Accounting
What is accounting?
The field of accounting deals with various aspects of financial activities and cash flow within a business company or government organization. These include investments, research and development costs, purchasing and marketing costs, company payroll and payment of taxes. Accounting also involves the recording and auditing of various financial expenditures and reporting them to supervisors, directors and shareholders. According to the American Institute of Certified Public Accountants, the majority of the accounting firms in the country will continue their expansion into the next decade, which makes careers in the field of accounting extremely attractive.
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What is the Master of Accounting?
If you already hold an undergraduate degree in accounting or a business related field, and wish to advance your career, you can enroll in the Master of Accounting degree. This graduate degree allows students to specialize in fields such as risk assessment, project management, auditing and taxation. The core curriculum includes courses such as financial management, financial analysis and reporting, estimating future trends, identifying smart investments, examining financial records and fraud prevention. After graduation, students normally take a certification exam such as the Certified Public Accountant (CPA) or Chartered Accountant (CA) exam, before they can start work.
What are the future prospects?
Career prospects for accountants are plentiful, with government organizations, multi-million dollar businesses and private consultancy firms lining up to hire accountants. According to the Bureau of Labor Statistics, accountants and auditors draw an annual median salary of $63,550, with experienced professionals in the top percent bracket making over $111,510 . The Master of Accounting is a wise choice for your enhancing your future career prospects.
Q:How soon can I find a job with the online masters in accounting degree?
A:A master's degree can truly enhance your employment opportunities, if you are already employed then your growth prospects can also be fostered through a specialized degree program. Upon the completion of your online master's in accounting program, you can easily find jobs at banks, insurance companies, credit card companies and in finance departments of various firms. However, your options are highly dependent on the area of your specialization such as the master of public accounting or the master of forensic accounting.
Q:Can you tell exactly how long will it take me to complete an online masters degree accounting?
A:The duration of a masters degree in accounting depends upon which instate you decide you enroll in. Some institutes may offer a two year program, while others may offer accelerated programs. You will have to find out the exact duration of a masters degree in accounting by getting in touch with the admission department of the institute.
Q:Are the subject studied in an online masters in accounting the same as the subjects offered in a campus based accounting degree?
A:Yes, the subject embedded in the curriculum of an online accounting degree are the same as the subject found in a campus based accounting degree. The curriculum of both programs are the same, it is only the mode of learning that is different. Online programs are more convenient to pursue as compared to campus based degrees.
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