Accounting Study

This article describes some of the major traditional programs which are accredited and available as online accounting study programs at bachelor's level or higher. While most of these programs mentioned provide similar course curriculums, mentioned here are some of the broader areas and some of the newly popular areas in accounting.
Over the last few years, traditional as well as newer online accounting schools and colleges have been offering more and accounting courses online in blended and asynchronous delivery formats. The programs mentioned below are available online and in such blended formats and have a full duration (i.e. 2yr Masters and 3-4ys Bachelors), however, there are several specialized and industry specific programs and short courses available in accounting and finance. Some free online accounting courses are also to be found which can give you a good feel of this profession and its areas of expertise.

Online Graduate Programs In Accountancy

1- Master of Science
The benefits of gaining Masters Degree In this program are much higher salaries, applicable and practical accounting skills proficiency and ultimately, much better career opportunities. Additionally this program is designed to benefit students in their preparation for the CPA and to satisfy the 120-150 credit hour requirements for other professional certification programs, e.g. Certified Internal Auditor (CIA), Certified Management Accountant (CMA), Certified Fraud Examiner (CFE) and the Certified Data Processing Auditor (CDPA) etc. This Degree program also helps fulfill requirements for practice licenses in many states. Students must have a Bachelors degree from an accredited institution as far as minimum entrance requirements go.

2- Master of Accountancy
The program is especially designed to prepare students for the CPA, by courses conducted to cover each of the modules in the CPA exam curriculum. This degree is most relevant to working professionals. The common minimum requirements are generally a BA in accounting with a high GMAT score, good GPA and/or alternative work experience.

3- Master of Business Administration (MBA) in Professional Accounting
This program's learning is based in practice applications of accounting methodologies as they exist in the current profession. This specialization is meant to teach practical applications accounting practices for the generation of internal and external reporting for organizations along with the teaching of assurance methodologies specifically with respect to external reporting. Auditing, financial and managerial accounting practices form the core of the learning curriculum.
  
4- Master of Business Administration (MBA)
The MBA accounting is 10-12 courses degree program that teaches students the methodology of managing a business in an accountancy perspective. The program helps both accounting and non-accounting students the opportunity to explore field of accounting. Those wishing to start businesses or those who are a part of lower-middle management benefit the most from this degree. Normally Students need not have completed a bachelor's degree in a related field of study in order to be eligible; however they must have achieved an accredited undergraduate degree. The degree qualifies students to sit the CPA examination as well; the coursework prepares even non-accounting students with a comprehensive understanding and practical base for full accounting practice.

Online Undergraduate Programs in Accountancy

1- Bachelor of Science in Business Administration
This degree program teaches basic applicable principles of accounting and taxation and how these are applied to any kind of business organization. The combination of accounting with law, business management, and information processing as well as general studies courses is ideal to prepare students for managerial accounting and faineance positions as a career.

2- Bachelor of Arts
The BA in accounting course outline is perhaps the most diverse of them all at this level. With courses for financial, cost and managerial accounting as well as auditing, taxation and planning, internal and external auditing; the course prepares students for further studies leading to a profession in any of the above mentioned areas in accountancy as well as for higher education and as preparation for CPA.

3- Bachelor of Science
The course objectives in this program are to impart a basic knowledge of the accounting practice as it relates to business finance, state and local taxation for businesses and auditing and accounting for SMEs (small and medium enterprises).

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DISCLAIMER: Above is a GENERAL OVERVIEW and may or may not reflect specific practices, courses and/or services associated with ANY ONE particular school(s) that is or is not advertised on SchoolsGalore.com.
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Principles Of Accounting

Online Accounting Degree

Accounting Degrees have always been prestigious hence their great demand. There are various ways for acquiring one. One can either enroll for it over the net or through the normal class room attendance. Accountants or bookkeepers are the organization's financial watchdogs. According to the American's federal government analyzes, jobs opportunities for accounting professionals are expected to grow faster than the available fully fledged bookkeepers/accountants. This is because more and more organizations have come to rely on their assistance. The demand is expected to keep on rising.
The online accounting programs focus on the students ability to analyze and interpret numbers. It also emphasizes on the students ability to communicate effectively and accurately.Students are able to network with other professionals in different fields. Any good online degree programs normally teaches a student on how to use different accounting software, how to analyze, record and interpret accounting data based on accounting profession guidelines. This in turns helps in making informed business decisions as is expected of any business person of repute.
A good accounting online degree course has various topics covered on it program. These are such as, application of accounting principles, financial statement preparation, payroll processing methods and procedures, tax preparation according to government regulations, budget management, Auditing, raising and managing capital, risk management and corporate finance and financial accounting and many others. Once a student graduates, they are able to enter the job market as fully qualified accountants, payroll professionals, Auditors and financial analyst to name but a few professions.
There are various advantages and disadvantages of studying accounting online;
Advantages.
" Convenience-The course is portable and is available at which-ever place you are. In fact, the course comes to you. It does not matter the place you are situated-you can move around the globe and still access your online course comfortably.
" Flexibility-It is possible to take your course at your own pace no matter your schedule.
" Affordable-The course is relatively cheaper as compared to the traditional mode of learning. There is no transportation money required, the fees are minimal thus lowering the overall cost,this in turn makes it quite affordable.
" The course is structured for mature adult learning. You only learn what you can apply in the real world.
Disadvantages
" Lack of accessibility-Not everyone in the world has internet connection
" Some people can only learn where they interact with the tutor and other students. They can not be able to learn online, they are only good in a traditional classroom.
" In order to fully get the benefits of online accounting course, you should be conversant with accounting procedures, be self motivated and have good time management skills to fully grasp the course. You have to have prior accounting skills to get full accounting online benefits.

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Online Accounting Courses 

Learn Accounting Online

The twentieth century technology however, has diminished the barriers between distances from your own abode and a good institution. A lot of universities have taken up the initiative to provide sessions to learn accounting online. Along with assistance for overseas students or those who cannot afford the accommodation expenses that come along with just the tuition fee. You can sit at any time in the comfort of your own home or workplace and get immediate attention or access to ongoing sessions to make your studies much easier. Research has shown that learn accounting online with the comfort of your own home has much more tremendous impact on the results that students tend to bring in.
Additionally, with the advancement and demands of the recessionary time for instance reducing costs and trying to get more efficient ways of production have become a great necessity in this age. Therefore many such accounting courses have been designed to help out individuals to understand the reasons and the remedies that could be implemented within their own business settings. But taking out time to acquire such knowledge especially when you are already full time employees tend to be difficult. But with the virtual universities and institutes you too can learn accounting online and benefit from such superb courses.
People who have a aptitude for numbers are the people who should opt for a career in accounting and they can also take advantage to learn accounting online. Accountants are the people who handle all the finance of the company or business and they are responsible for the auditing activities too. These online programs teach you the basics of accounting and also help in understanding the different concepts and accounting principles. They w ill make you familiar with all the accounting terminologies that you need to know about that include revenues, expenses and statement of cash flow. You will learn how to carry out transactions and will also teach you the basic principles behind the Credit and debit of an account.
Learning accounting online will make you efficient enough to deal the financial situation of the company and try to reach the top.
There are many different online accounting courses offered online and some of the most popular ones are:
Accounting Course:
Beginners Accounting Course which is especially designed for people who want to do majors in accounting and it develops in them the need for closing, reporting and adjusting accounts of the company to gain profits and make the business successful in the long run.
Introduction to Business:
This teaches the students what business actually is and how it is operated and managed. It also makes it easy for people to learn the process of production and marketing in business operations.
Microsoft office:
This accounting online course offers knowledge of introductory Microsoft skills such as computer concepts and windows explorer through demonstration which makes them easy to understand and use in practical way.
Accounting Computerized:
This teaches the students on how to use the computer as a tool and carry out accounting and prepare financial statements to run the business successfully.

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Best Accounting Software

Choosing the best accounting software for your business needs is more important than ever these days, especially as accounting legislation and reporting requirements seem to be changing frequently. This type of software can require some considerable investment, so choosing the correct system for your business needs is essential.
Accounting software is produced for many purposes, from home accounting and budgeting, all the way through to software to manage the transactions and reporting requirements of huge corporations. Most of these software packages are modular based, with modules to deal with transactions, payroll requirements, accounts payable and receivable, and even annual reports for the benefits of legal requirements and for shareholders.
The reality is that there will be a number of accounting packages that will suit your needs, most offer comparable functionality, and you will need to consider budget and the expandability of the product to make the right decision. Avoid software that is unable to grow with your business as it expands. Important points to consider when choosing might include the ability of the program to integrate graphical presentations into the output reports, the ability to automate the transaction processes fully, and the ability of the package to connect to the internet, perhaps for the retrieval of back transactions and the transfer of funds using electronic transfer.
Ideally, high end accounting software should be able to incorporate all the functions you need. It is often better to spend a little more and get an accountancy program you can grow into, rather than a program you grow out of too quickly. A lot of the manufacturers do give the ability to upgrade to a higher specification package with a discount, and this may be something you can consider.
Security is always important for businesses, but when you are working with business accounts, that if compromised, could have a marked effect on the business, security is essential. Protecting your sales data from competitors is an important consideration, and encryption when passing data over the internet should be a fundamental consideration.
Many companies work online and over multiple currency areas, so the ability for reports to be translated into multiple languages and currencies may be something that could benefit your company, as well as saving time and money on conversions.
These are just a few of the important considerations when looking for high quality accounting programs that can save your business time, and produce high quality financial reports that can be easily interpreted and acted upon.

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Best Accounting Software For Small Business

Best Online Accounting Software

Online Accounting Courses

Accounting is really a complicated and important part of your company. An owner has to take time to obtain accounts. If you're going to employ qualified public accountants there are specific items you must have to understand. Here are some essential things to do when employing a Cost per action.
Most of the aspects you need to think about when choosing which college or university to go to contains its location to where you live, the supply of the accounting courses that you want to take and the type of accounting levels the institution awards to students.
The savings accounts perform with a rate that begins with a base rate. You can earn a bonus, if you adhere to the conditions connected to these accounts, which usually consist of leaving the extra interest if you make a withdrawal of money every month.
The online high-interest accounts can be used through the internet, which are generally provided by numerous financial institutions.
If you would like to maintain your accounting and guide keeping simple do not run into making earnings taxes elections that may possibly confuse your accounting choose.
Imagine you learn through the online accounting courses that you are investing an average of dollars each month on office materials. Every year several requests are placed for the numerous supplies many times. Making use of this kind of information you will be capable to make the choice to order a similar volume of supplies every single month at a very little part of the cost thanks to purchasing in huge quantities. You will also make use of similar strategies to observe every item and see what adjustments can be made.

Banks are a secure place to maintain your money, and they provide products and services that help you to produce the almost all of your income. Go online to evaluate bank rates and also get the ideal account for you, but before you do that you must enroll in our Online Accounting Courses to increase your skills.

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Accounting Principles

In all, there are nine accounting principles that are used to prepare all business accounts. Any business accounts that are created using any of these principles, are deemed by the professionals in the accounting world, as accounts that were prepared with principles that are generally accepted by all accountants throughout the world.
If these principles were not used, and financial data was just thrown together haphazardly, then the accounting for your companies accounts, would be complicated to say the least. All of these nine accounting principles will help to keep your corporate accounting needs straight, and in a methodical method that every accountant will be able to understand.
The mother of all accounting principles is the accrual principle, and will ensure that all of the business revenues and expenses are methodically recorded when the money is earned, and not when it is paid for. There is a set way that money is recognized in the accounting world of high financed businesses, and the principles of revenue recognition are followed to make sure the recognition is interpreted right.
Accountants will use a historical cost principle when they are filling in the financial data for your business accounts. These accounts can glace at a balance sheet, and see what the price of the item that was sold, cost the company that they are recording business accounts records for. There are other account transactions that might be confused with this principle, and that is the current cost accounting feature.
For financial records to be consistent, accountants often require their clients to methodically record their financial transactions using the consistency principles. This way their financial information is recorded the same, time after time, and there will be no confusion over the entries after a long period of time.
If other principles are mixed with the constancy principles, the end result may provide the wrong financial figures. Tax auditors find that this will be the case in businesses that are performing illegal activities, and do not want to leave a lot of financial information that can be easily traced, and legitimate business do not want to leave this bad impression on such a major faction such as the Internal Revenue Service.
To keep financial accounting of business records from becoming confused with other expenditures made by the business owner, accountants like to use the separate legal entity concept when they are performing financial services for a company, and the personal banking transactions of a person that is small business owner. Some business owners get confused and make withdrawals from their business accounts for personal use, and make the wrong entries in both sets of checkbooks.

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Intangible Fixed Assets

Intangible assets may be defined as a special class of irrelevant fixed assets of which brands, copyrights, formulas, franchises, good will, patents and trade-marks are leading examples. The chief common characteristics of intangible assets are:
1. They are usually directly related to the future earnings of a business.
2. Their value is generally dependent upon the "going-concern" concept of business enterprise. They attach to the enterprise as a whole. Although exceptions exist, like copyrights and patents, intangible assets evince a tendency to be inseparable from the business which owns them. Goodwill is an outstanding example.
The test of the value of intangibles is earning power. To clothe intangibles with accounting value a business should have earning power large enough to cover satisfactorily not only its net tangible assets but its intangibles as well. Thus, intangible assets should be capitalized only when they have a genuine present value defensible by the test of earnings yet to be realized. When so capitalized, debits to intangible asset accounts may include reasonable costs to purchase, develop and defend.
Intangibles of definite life should be amortized over their commercial useful life by periodic charges to operations. There is a tendency on the part of some accountants to value intangibles of indefinite life at cost, with never any deduction of amortization.
However, accounting valuations for intangible assets of definite and indefinite lives are warranted only by the test of the present life of future earning power.
The inauguration of intangible assets with significant account balances raises practical problems of accounting valuations. At best, many of the valuations attending the intangible assets of actual business are characterized by transience and uncertainty. In the interest of financial conservatism, many companies have written off their intangible assets. Lump sum write-offs of the values of intangible assets should be made by special debits to the comprehensive income account with current profit and loss. Credits are generally made to the asset accounts involved rather than to accounts with valuation reserves.
COPYRIGHTS
Copyrights have a legal life of twenty-eight years with privilege of renewal for a similar period. Because copyright revenues generally last only a few years, the copyright cost should be written off in proportion to gross revenues as nearly as it is possible to do so. Some companies go so far as to write off the entire cost against the gross revenue of the first year.
GOODWILL
Goodwill exists when the net income of a specific business unit is greater than the normal rate of return expected for the general business or industry of which the specific unit is a part. Goodwill is the valuation placed upon this extra earning power.
Goodwill may also be defined as follows: When a specific business unit has a value over and above the fair value of its net assets (excluding goodwill), the difference is goodwill.
Reasons advanced for the existence of goodwill include the following:
• Efficient and well-mannered organization
• Favourable customer attitude and buying habits
• Site
• Monopoly
• Quality of merchandise and service
• Possession of special privileges
• Reputation for fair dealing
PATENTS
Patents should be recorded on the books at cost. Cost includes:
Purchase price Fees (attorney and federal)
Developmental expenditures Cost of legal defense
Patents have a definite life of seventeen years without privilege of renewal. They should be amortized by writing off at least 1/17 of their cost each year to the operating account, Patents Expense, or Amortizations of Patents. However, if a patent has a commercial life of less than seventeen years, the write-offs should be proportionately greater. Ideally, the cost of a patent should be written off in proportion to the annual gross incomes earned on the patent.
TRADE-MARKS
This asset should be valued at cost to purchase, develop and defend. Because its legal life is without limit, a trade-mark is the permanent and exclusive property of its owner. Valuation of a trade-mark may therefore remain continuously at cost (i.e., without deduction for amortization). Many concerns, however, write-off such values as a matter of such conservatism, or carry them at a nominal valuation. In no case is there warrant for the retention of an accounting valuation for a trade-mark whose commercial value has expired.

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The Top Accounting Firms In The US

This monster Big 4 Accounting Firm, located in New york, generates more than $25 Billion in revenue and has the most employees for any accounting firm in The United States. To learn more about this firm and the other large accounting institutions in The United States, check out this list of the top accounting firms in the U.S.
Ernst & Young
With over 140,000 employees at nearly 700 offices spread over close to 140 international locations, Ernst & Young is one of the largest and most recognizable accounting agency in the US and has an annual world-wide revenue in excess of $21 billion.
PricewaterhouseCoopers
Situated in New York this 'Big 4' firm employs more than 163,000 people with more than 750 offices in 150 countries. With world-wide revenue of around $26 billion it is generally regarded as being one of the leaders among the top firms in the united states.
KMPG
Although a member of the 'Big 4' and one of the biggest accounting businesses in the US, KPMG in fact has its international headquarters located in Amsterdam. Their profits exceed $20 million and employ upwards of 150,000 employees globally.
RSM/McGladrey & Pullen
These two companies are individual firms but work together to serve the overall company needs with their clients. RSM presents business and tax advice, while McGladrey & Pullen provides a full range of financial and accounting services. combined these giants have well over 100,000 employees in close to 100 offices.
Grant Thornton
Created in 1924 this Chicago-based firm offers 52 office buildings inside the US and it has its intercontinental headquarters in london. The firm concentrates on the construction and real estate markets.
CBIZ/Mayer Hoffman McCann
As with RSM/McGladrey & Pullen, these two separate organizations work together use a full range of accounting and consultation services. Combined, these two companies have more than 5,000 staff members and 180 US offices.
BDO
Formerly referred to as BDO Seidman, this Chicago-based firm has about 2,400 employees in The United States spread out over company 40 offices. It's largest clients include U-Haul as well as booksellers Barnes and Noble.
BKD
The 10 largest accounting and advisory organization in the US, BKD provides around 2,000 staff members spread across 29 offices. Launched in 1923, the particular firm has its headquarters in Springfield, Missouri.
Crowe Horwath
Also known as Crowe Chizek, the business has its HQ in Indianapolis and is part of the Horwath Interna

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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.

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Accounting Colleges in India

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