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Accounting Mba Online Degree Offers Promise

Accounting Mba Online Degree Offers Promise

Earning an online degree in any field has become increasingly commonplace these days

. This is even truer for individuals seeking to improve their long term career prospects in certain fields like accounting and finance. Obtaining an Accounting MBA Online offers particular advantage as the entire accounting industry is projected to boom over the next decade. An alternate degree program in the field is the master's degree, depending upon what specialization or focus a person might wish to pursue. Common jobs individuals can secure after obtaining either of these advanced degrees may include public accountant, government accountant, management accountant, auditor or forensic accountant or internal auditor.

Career Options

Public Accountants provide diverse services to numerous clients. A client base may include governments, non-profits, as well as individual businesses or private individuals. Public accountants may also possess a CPA certification, which can be in addition to either a master's degree or accounting MBA online degree.

Management accountants are typically dedicated employees to a particular company. As such, they are responsible for oversight and management of all financial information for the business. In some cases, these accountants provide input and recommendations to CEO's and governing boards that suggest specific financial strategies.

Government accountants and auditors manage public sector financial functions that involve governmental bodies or agencies. They can also provide accounting jurisdiction over businesses or private parties that are subject to taxation. The IRS is an example of an entity that has government accountants for this purpose. Also, budget analysts serving city, county, state or federal departments often hire individuals who have graduated from an accredited accounting MBA online program. In addition, financial institutions such as banks would be examined by such government accountants or auditors.

Internal auditors provide accounting and auditing functions for the company they serve. Their task is to ensure corporate accountability and compliance, effectiveness and efficiency in all financial operations for company and government regulators. Often a part of an internal auditor's role includes automation and financial data oversight to ensure accuracy and security.

Job Prospects in the Next Decade

Career opportunities in the accounting field over the next decade are plentiful, according to the U.S. Bureau of Labor Statistics. In fact, they have projected approximately 279,000 new jobs, an increase of about 22%, for accountants and auditors by 2018. This statistic provides tremendous encouragement to anyone seeking a master's degree or an accounting MBA online degree.

Common Educational Paths

Many students entering an educational program in accounting begin with an associate's degree, before moving on to a bachelor's degree for an entry level position. Both these degrees will require courses in math, business and accounting. For working professionals seeking higher responsibility, greater challenges and stronger earning potential, they will often pursue a master's degree or an accounting MBA online degree. The CPA is an additional credential that provides great value after earning an advanced degree.

by: John V
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Accounting Mba Online Degree Offers Promise