Computer Accounting course

In simplest terms, computer accounting specialists produce financial records for organizations. Specifically, these individuals use specialized software to perform duties like calculating accounts payable and receivable, preparing invoices, and running reports. This specialized software is used in order to reduce the meticulous work involved in manual recordkeeping and financial data management.

What are the different Career Paths in Computer Accounting?

While there are several paths within the field of computer accounting, all are recommended to have a postsecondary education. Computer accounting specialists have three common career roles including bookkeeping, accounting, and auditing clerks.

Bookkeeping: Also known as a general ledger, a bookkeeper is responsible for an organization’s accounts and business transactions. Bookkeepers typically work in small to medium size businesses and while their duties may differ from each organization, some include billing, purchasing, payroll, accounts payable and accounts receivable. Bookkeepers use software such as QuickBooks and Intuit in order to make their work accurate and efficient. In most cases, a bookkeeper will report to an accountant or a small business owner. In other cases, the small business owner will serve as the bookkeeper themselves.

Accountant Clerk: Some may confuse account clerks with bookkeepers because they have similar credentials, however the two positions are actually quite different. While bookkeepers record all transactions within a smaller organization, an accountant clerk is situated within a team of other clerks in a mid-large size organization. The other main difference is that account clerks specialize in recording only one of the following: billing, purchasing, payroll, accounts payable, or accounts receivable. In most cases, accountant clerks report to accountants or CPA’s. While the positions have differing roles, they do, however, both require the use of specialized accounting software.

Auditing Clerk: An auditing clerk is responsible for checking the accuracy of financial records. The job entails sifting through an organization’s financial documents, databases, and spreadsheets in order to make sure everything adds up. These individuals use software to make the process efficient and fast. Computer skills, attention to detail, and problem solving are critical of an auditing clerk. If there is a major discrepancy, it is the auditing clerk’s job to resolve the issue and report back to the accountant.

Why should I become a computer accounting specialist?

If you enjoy working with numbers and solving problems, this career field could be right for you. Under the heading of Bookkeeping, Accounting, and Auditing Clerks, the U.S. Bureau of Labor Statistics states that “Because bookkeeping, accounting, and auditing clerks make up a large occupation, there will be a large number of job openings from workers leaving the occupation. Thus, opportunities to enter the occupation should be plentiful. In addition, the job security of computer accounting specialists remains constant, because businesses will always need their financials intact. No organization can go without bookkeeping, auditing, or accounting.

Where do computer accounting specialists work?

With training in business accounting, many students go on to work in finance & insurance; wholesale trade; health care & social assistance; retail trade; and the professional, scientific & technical services.

How much do computer accounting specialists earn?

According to the U.S. Bureau of Labor Statistics, Bookkeeping, Accounting, and Auditing Clerks earn a median salary of $38,390 per year. The top 10% of earners in these careers can make more than $59,630 annually.

How to Become an Accountant ?

Although not required, most accountants attend college and earn a bachelor’s degree. However, a bachelor’s degree in accounting or a related field is considered the minimum education requirement for those who plan to become a CPA. Some states even require advanced coursework beyond the normal bachelor’s degree in subjects such as financial reporting, taxes, auditing and other non- accounting business areas. A total of 150 credit hours in accounting and related areas are commonly needed. Students interested in becoming a CPA should check the specific education requirements in their jurisdictions. Many CPAs also continue their post-secondary education and earn a master’s degree.

Accounting degree programs are very popular and commonly available at colleges and universities throughout the United States, as well as through distance learning. Prospective students should always confirm that a program is fully accredited before beginning a course of study.

Virtually all accountants and CPAs specialize in one or more areas of practice. The two general areas of specialization are public accounting and corporate or business accounting. A number of sub-specializations also exist, such as environmental accounting, internal auditing, managerial accounting and taxes. Often, the specialty you select coincides with the accounting degree you earned.

There is a difference between an accountant and a Certified Public Accountant. Accountants (also referred to as “public accountants”) are typically individuals hired to work in the accounting departments of businesses, but lack several of the qualifications of a CPA. Accountants, for example, may not possess state certification or licensure. Accountants can perform certain limited tasks, such as the preparation of financial statements. They may also prepare tax returns if they have passed the required IRS test or received a Preparer Tax Identification Number. They may not, however, conduct audits or review financial statements.

Certified Public Accountants must meet a number of specific requirements, including earning a college degree, passing all parts of the CPA exam, and working for a set number of hours (usually 1800) under the supervision of an actively licensed CPA. CPA’s can perform all of the same tasks as a public accountant, but additionally may conduct audits, review statements, and represent clients before the IRS.

In deciding which type of accountant career to pursue, an individual must honestly assess his or her personal goals and willingness to put in the considerable time and effort needed to become a CPA.

All states require CPA candidates to pass all four parts of the CPA exam. Those four parts are: Audit and Attestation; Financial Accounting and Reporting; Regulation; and Business Environment and Concepts. The CPA exam is offered during the first two months of every quarter, and typically over the course of several days. Candidates may take the test parts in any order they choose, but once they have passed one part, they must successfully complete the other three parts within 18 months. Given its degree of difficulty and breath of subject matter, most CPA test candidates enroll in private test preparation courses.

Before you graduate, try to get an accounting internship or find another way to get some experience to pump up your resume. Take the necessary steps to create a resume and sign up for a career-focused social media platform such as LinkedIn. When it’s time to apply for entry-level accounting positions, you’ll be ready to hit the ground running. Sites like LinkedIn have job postings and let you apply for these jobs directly from the site. Check your school’s job listings, watch out for networking opportunities, and visit both local and national job search sites.

Once you land your first job, it’s tempting to sit back and enjoy the ride after all the hard work of college. Now is the time, however, when you should be thinking about the next moves you’ll need to move up the career ladder. Earning a certification in an accounting specialization or a master’s degree in accounting could help boost career climbing, and if you haven’t earned your CPA, it’s something you may want to look at down the road.

What to Expect When Studying Accounting

Accounting is a quickly growing field for international students who have been flocking to the United States to get a solid degree and experience in the field. Many times student go in blind, not knowing exactly what to expect from an accounting degree. So what should you expect when studying accounting?

Rigorous Coursework

Accounting is often considered to be one of the most intense college majors there is. Students are required to take very rigorous courses in a number of different subjects. In addition, the core coursework required in accounting can be daunting and takes much studying and preparation. Students are required to take courses in Mathematics, Economics, Business, and, of course, courses in 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. As a student dives deeper into the major, they will come across many new math classes. Expect to take an introductory course to Calculus early in your studies, as well as Calculus 1 and 2 later.

International students have the opportunity to take several social science courses, but the only required social sciences courses are Economics I and Economics 2, which are usually taken in succession. The Economics 1 course deals with microeconomics, or the smaller economic issues and theories, while Economics 2 focuses on macroeconomics, or economics on a global or larger scale. If students are interested in future economics courses or different social sciences, they have the opportunity to take any course as an elective.

Business classes usually begin with introductory accounting courses like financial and managerial accounting. Most universities also require some courses in business law. What you should expect when studying accounting is to take introductory courses in several different business disciplines such as: business administration, finance, and marketing. Other business classes may include leadership or organizational behavior classes or Business Policy.

Most importantly in the curriculum are the core courses. These core courses are the backbone of the accounting program and are meant to provide students with the skills necessary to find employment after graduation. Expect to take courses in advanced financial accounting, advanced managerial accounting, Federal Income Taxation, Tax Code, and Auditing. Students can also choose between different concentrations such as international accounting or business systems. Some universities also offer course in specific subjects such as financial statement analysis, forensic accounting, and accounting research. You will find these courses at some of the top schools in accounting, including institutions like the University of Liverpool.

Time Management is Key

With some very intense coursework, students will find that their free time is limited. Studying accounting requires a large time commitment and as courses progress the workload required will only grow. International students need to keep a set schedule in order to be effective and efficient with their time. Students should set aside times for homework or studying each night and plan around their classes. The library will be a haven for many accounting students who are looking for a quiet place to study. Outside of studying and courses, students should set apart some time for themselves to unwind from the tough coursework.

Many Clubs and Organizations

While accounting students can expect a challenge in time management and course work, there are also some great support services available to them. There are a plethora of different clubs and organizations available for international students studying accounting. Most schools offer finance clubs and mock investment teams. One of the great features of the accounting major is its strong alumni base that is often willing to formally mentor a current accounting student. Accounting students can expect to be welcomed into many different organizations and are capable of playing many different roles on campus. Student governments regularly search for students to assist them as Treasurer or treasury assistants. Most schools also have a chapter of the Alpha Sigma Pi, the national investment and accounting professional fraternity. These groups help students wondering how to study accounting and work as networking and friendship tools.