Online diploma programs in accounting typically don't have in-person requirements. Often, on-the-job training or a diploma program is all that is needed to become an accounting clerk. However, students whose career goal is to work as an accountant need to earn at least a bachelor's degree in accounting or a related subject. Some employers prefer applicants who have master's degrees. Depending on the type of accounting that they do, licensure may also be required; this means that additional post-grad coursework must be completed.
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Diploma in Accounting
Online diploma programs in accounting are relatively common. Classes incorporated into these programs include mathematics, management, economics, business and of course, accounting. Students learn how to read financial statements, create spreadsheets and maintain payroll records. Students may become acquainted with different types of accounting, such as payroll, income tax, financial and management accounting. Similar programs include online business diploma programs.
Program Information and Requirements
Many diploma programs in accounting can be completed exclusively online. Many schools allow flexibility in class scheduling to suit the individual needs of each student. For example, some schools allow students to take one course per month or select from full-time and part-time course loads. Because many students balance their studies with outside commitments, these programs can take 4.5 years to complete; however, it is possible to complete some programs in one year or less. Typically, the only requirements to enroll in these online programs are to have an up-to-date computer with Internet access and word processing software.
List of Common Accounting Classes
Accounting classes are taught in progressive levels starting with an introduction course, then progressing to advanced accounting and specialized subjects. Classes cover topics in business transactions, accounts receivables and investments. Accounting standards, such as Financial Accounting Standards (FASB), are also taught.
Fundamentals of Management
Students learn the basic theories and principals of business management. The importance of communication and positive motivation in a business hierarchy is discussed.
Students are presented with federal tax codes and their implications for both individuals and businesses. Additionally, students learn about state and local tax codes, capital gains and depreciation.
Career Information for Graduates
Many graduates of accounting diploma programs find jobs as accounting clerks, auditing clerks and bookkeepers. Those who continue their educations in accounting can often find positions as accountants or auditors. The U.S. Bureau of Labor Statistics (BLS) predicted that employment opportunities for accounting clerks, auditing clerks and bookkeepers would decrease by 8% between 2014 and 2024, while accountant and auditor positions would grow by 11% over the same decade (www.bls.gov).
The BLS reported that as of May 2014, there were 1,760,300 auditing clerks, accounting clerks and bookkeepers working in the United States, and they earned an annual mean wage of $38,990. At that time, there were also 1,226,910 accountants and auditors employed, and they earned an annual mean wage of $75,280.
According to the BLS, accounting clerks, auditing clerks and bookkeepers must hold at least high school diplomas or the equivalent, but many have associate's degrees in business or accounting. Advancement can come from a combination of real-world experience and professional certification. For example, the BLS mentions that qualified bookkeepers and clerks can obtain the Certified Bookkeeper designation through the American Institute of Professional Bookkeepers.
To advance to a career as an accountant or auditor, a bachelor's degree in accounting is usually required. Some employers may look for master's degree holders to fill positions. The BLS reported that accountants who file with the Securities and Exchange Commission (SEC) needed to meet education and examination requirements to become certified public accountants.
Online accounting diploma programs prepare students for accounting careers as bookkeepers or accounting clerks. An advanced degree is usually required in order to work as an accountant, and some accountants need to be licensed as well.