People who enjoy working with numbers and communicating with individuals often pursue careers in accounting. Graduates of online accounting degree programs can become certified public accountants and auditors. According to the Bureau of Labor Statistics (BLS), these professionals earned a median income of $71,550 in 2019. Additionally, the BLS projects employment for accountants and auditors to grow 4% from 2019-2029.
Applicants to associate-level accounting programs typically need a high school diploma or the equivalent. Some programs require candidates to have a minimum GPA and sufficient ACT or SAT scores. However, many community colleges accept all applicants, regardless of their academic credentials.
Many colleges and universities offer hybrid and fully online accounting programs. This guide explores the best online accounting programs, along with the benefits of earning an accounting degree. The following sections also highlight professional organizations and scholarships for accounting students.
Recommended Schools
What Are the Goals of an Accounting Degree?
Online accounting degree programs prepare students to pass the certified public accountant exam. Accounting curricula teach degree-seekers to compute taxes owed and uncover tax credits for individuals and businesses. Students also explore methods to reduce costs and increase profits.
Students in online accounting programs prepare to detect fraud, maintain financial records, administer a company's payroll, and ensure that financial statements comply with federal and state laws and regulations.
Some online accounting degree programs offer specialization options in areas such as government accounting, public accounting, and management accounting.Other accounting programs focus on auditing.
Why Get an English Degree?
Online English degrees offer many benefits, including advanced skills in reading, writing, and analysis. Enrollees can make useful professional connections in these programs. See below for descriptions of some key English degree advantages.
Positive Projected Growth Outlook The BLS projects employment for accountants and auditors to increase 4% from 2019-2029, which is about as fast as the average projected growth rate for all occupations.
Qualify for Promotions While individuals with a high school diploma can work as assistants at accounting firms, candidates for the certified public accountant credential need a formal education.
Potential for Self-Employment Many certified public accountants open their own accounting firm to serve clients. Self-employed professionals benefit from scheduling flexibility and the ability to set their own rates.
Build a Portfolio Students earning an online accounting degree often complete coursework and experiential requirements at their convenience. Degree-seekers commonly develop their resume by completing internships with accounting firms.
Cost Savings Many of the most affordable accounting degree programs are delivered in an online format. Distance learners often save on costs associated with room and board, commuting, tuition, and campus maintenance fees.
What Are the Requirements for an Accounting Degree?
The exact requirements for an accounting degree vary based on the school and degree type. An associate degree in accounting typically requires about 60 credits. Bachelor's degrees in the field usually require approximately 150 credits, which most full-time learners complete in four years. Master's programs in accounting typically comprise about 40 credits and require approximately two years to complete.
Applicants to accounting programs must generally submit official high school or college transcripts and meet minimum GPA requirements. Bachelor's in accounting programs prepare learners to take the certified public accountant exam. Some states require students to take the exam after completing 120 credits. To receive the certification, candidates must complete 150 credits.
Accounting students typically practice filing taxes during their program. Some schools allow students to complete taxes for individuals, provided a certified professional reviews the documents prior to filing.
Learn more about the requirements to be an accountant.
Professional Organizations for Accounting Students
Many professional organizations offer discounted membership rates for students. Members of professional organizations often receive access to webinars, continuing education opportunities, and networking events such as conferences. The following organizations support accounting professionals and students.
American Accounting Association
Student members of the AAA can access a resource library with informative articles related to accounting. Members also pay a reduced fee when submitting articles to AAA publications. This association offers discounted membership fees for students, and members can participate in regional chapter activities.
American Institute of Certified Public Accountants
The AICPA unites certified public accountants and provides networking and continuing education opportunities. Student members can network with more than 429,000 members and can apply for exclusive scholarships. The organization also provides tools and resources, including a mentorship program and job-hunting information.
Professional Accounting Society of America
PASA connects student members with career and networking opportunities. The organization encourages students to submit their term papers to PASA's publications. Student members must attend an accredited school and possess a school email address.
Scholarships for Accounting Students
Even students in the most affordable accounting degree programs can benefit from scholarships. Scholarship applicants must often submit reference letters, an essay, and official transcripts. Learners should allow plenty of time to gather application materials. The following list highlights three scholarships reserved for accounting students. Learners can also apply for general scholarships and awards based on their geographic location.
Margit F. and Hanns Martin Schoenfeld Scholarship
Who Can Apply: The AAA awards this scholarship to support accounting students' research efforts. Applicants must submit a summary of their academic accomplishments and a statement of purpose regarding their research. Candidates must be enrolled in a doctoral program or have earned a Ph.D. in the last five years.
Amount: $3,000
Best Paper Award
Who Can Apply: This scholarship from the AAA supports accounting students who submit a noteworthy piece to the organization's journal. The journal's editor selects one winner and two honorable mentions, each of whom receives an award and a plaque.
Amount: $100-$300
Fellowship for Minority Doctoral Students
Who Can Apply: The AICPA awards this scholarship to undergraduate accounting students who belong to a minority group. Applicants need a minimum 3.0 GPA and must have completed at least 30 credits, including six accounting credits.
Amount: $5,000
