Online Accounting Degree: Your Key to a More Rewarding Professional Career

Seeking an accounting degree is probably the most popular degree programs today. Job sections of newspaper classified ads are full of announcements from companies for vacant positions requiring the services of accountants. Accounting is one of the most popular degree courses worldwide.

Accountants are in constant demand because of the vital role that they perform in any organization. Even the smallest companies require the services of an accountant. Most organizations in fact have separate accounting departments in charge of the accounting functions.

Accountants are probably the most versatile workers in the world. They can be found working in all fields of business and finance, employed in all sectors of the workforce; private, public and government. They prepare financial statement, management planning and forecasting, budgeting and auditing. The work they do guide the corporate planners in their financial decisions. They can be found working in high paying and specialized positions like Certified Management Accountants, Certified Public Accountants and Chartered accountants.

Online accounting classes are offered in several levels from certificate, associate, bachelors to master’s degree in accounting. Earning an accounting degree online is a good alternative for those who want an accounting education but does not have the time to earn it from traditional colleges and universities because of their jobs and other commitments like family obligations. Students are able to finish their studies right at their own home without the need of daily travel to attend their classes. They have the convenience of studying at their own pace and at any time most convenient for them.

There are many online sites that offer reliable and updated information about accredited online schools and the online accounting classes that they offer. Distance is no longer a problem and you can select any school in the country or anywhere in the word.

Your primary concern when looking for an online college or university is its accreditation. It is also important to investigate the validity of the accreditation itself. Some online schools create their own accreditation board to be able to claim that they are accredited.

It would be to your advantage to limit your choice from online schools that have actual school campuses. Most “brick and mortar” or traditional schools are now offering their own online extension programs. Even the so-called Ivy League schools are now offering their own online degree classes. These institutions pedigree name lends more weight to your degree. It is also your guarantee that the institution is legitimate.

An online accounting degree earned from an accredited and reputable institution can be your passport to a more rewarding professional career.

Choosing the Right Accountancy Firm

There are so many options available to you when looking to choose an accountancy firm. Whether it’s for your personal life, or your professional finances, how do you go about looking for the right one. An excellent small business accountant may, for example, be a mediocre personal finance accountant, and vice versa. Let’s take a good look at exactly what you should be looking for when you take the first steps to finding an accountant.

Well, first off, far and away the best way of identifying a decent accountancy firm is to get a personal recommendation. This has two benefits over every other method. Firstly, it’s easy to see exactly how good they are. Have they saved your friends a good deal of money: have they, in essence, paid for themselves and then some. Ultimately, that’s the most important factor beyond being trustworthy. If you’re paying more than you save, there’s little point in having a specialist accounting firm, past mere ease.

Get friends to give you a few of their stories – good and bad – about what their accountant has done for them. Of course a small outfit may not suit your needs if you’re looking for a company to take on the tax concerns of a larger enterprise. Similarly, if you’re just looking for someone to deal with your personal finances, then you may find many places unwilling to take you on. Finding the right accountancy firm for your requirements – one that can offer you the most time and consideration for your buck – is an important concern.

There are national and commercial bodies which can recommend an accountancy firm to you. These may include the Institute of Chartered Accountants in Australia, the National Institute of Accountants, and the Association of Taxation and Management Accountants. You’re well covered with those three, as they’re the largest organisations of their kind in Australia. Getting in touch with them will help you immensely, as they will be able to offer you advice on where to find the most suitable accountancy firm.

Remember, accreditation is not the only thing you need to think about when hiring an accountant. You need to actually get on with them. It’s not really enough to simply hand over a pile of paper once a year. You may be content with simply leaving it at that, and speaking to them once per year. That won’t save you money though. The whole idea of getting an accountancy firm is that you save money, and if you have regular and candid discussions with them, you’ll save more than you would otherwise.

Also, it’s worth looking to see if you can speak with clients of a firm before you hire them. The proof of the pudding is in the eating, and unless a firm is doing a good job with the bottom line of their clients, they don’t deserve new business, regardless of how effective their marketing is. Remember, hiring an accountancy firm is an important part of your life, so do as much ground work as possible before taking the plunge.

Chartered Accountancy Institutes

The profession of chartered accountancy is one the most secured, lucrative and never ending professions. The positive improvement in the worldwide globalization has brought a revolution in almost every industry and therefore, each and every industry is competing to expanding their quality and services. Many local and international companies dealing with various brands and products are starting up rapidly but there is one thing common in all of them i.e. necessity of a chartered accountant.

Better performance is always backed by better management and techniques. A chartered accountant basically maintains the basic measures of the company’s performance i.e. capital. Chartered accountancy is basically related to three major tasks including accounting, auditing and taxation. Chartered accountants are styled as complete business solution providers and are available to ensure regulatory requirements, capital structure and planning, mobilizing financial resources and installing internal accounting and budgetary controls.

Any sector, whether joint venture, foreign collaboration, merger, BPO, or any other thing, will definitely require a chartered accountant to maintain their annual capital structure and balance sheet.

There is no need to go abroad to find a better institute for accountancy course when you have it in your own country. India has quite a few good accounting institutions offering various professional courses related to accountancy. The Jagannath International Management School and International College of Financial Planning offer a PG Diploma course in Financial Management, while many accounting certificate courses can be availed from ICA- Certified Industrial Accountant. The VAG Info-tech Pvt. Ltd. offers a course in Accounts and Taxation. Apart from these institutes, St. Xavier’s College, Goenka College, and the Bangalore Management Academy are also a good choice.

Although, all these institutes are known for their quality services and education, the best among them and the worldwide recognized institute for professional accountancy course is the Institute of Chartered Accountants of India (ICAI). The accounting institutes in India are involved into a sharp competition of providing best course structure and to attract a great number of students. Candidates need to be self-motivated while selecting a chartered accountancy course and should be careful about all the aspects while choosing the right school.