subject: What Type Of Accounting Training Can I Get Online? [print this page] The concept of accounting training in the past was confined to educational institutions such as colleges and universities, where training was really extensive. In the modern day, however, learning accounting can be achieved at the comfort of ones home.
The technological advancements like the internet make it possible to create virtual classrooms that mirror an interactive typical classroom in the metaphysical world.
Universities and colleges today also take advantage of the internet technology to better reach out to aspiring accountants and provide high standards of training. However, the accounting courses offered online are sometimes fragments of an accounting degree completed in 4 or 5 years from a university or college. At times, too, they are a complete course leading to a degree in accounting.
These accounting courses include cost accounting, tax accounting, government and non-profit accounting, forensic accounting, computerized accounting, and accounting technology.
In cost accounting, you will learn how to evaluate the overall costs associated with operating a business. It is an integral part of business accounting based on standard accounting practices. It is a tool employed by most businessmen to identify the type of expenses and the costs involved in maintaining an existing business model.
Tax accounting teaches you how to compute taxes based on business earnings and based on the business tax rates imposed upon by the government where the business is registered. To accomplish tax accounting, financial accounting is involved.
Financial accounting is significant in making sound economic decisions. Its principal function is to prepare financial reports or statements detailing on the firms performance to external entities like investors, tax authorities, and creditors.
The government and non-profit accounting course is different from the private corporate models because it focuses on revenue sources like gifts and grants. The lessons taught are exclusive to the scope of government agencies, whether federal, state, regional, or local.
Forensic accounting requires extraordinary analytical skills because you will be investigating suspected financial misconduct and preparing evidence for the purpose of argumentation in civil or criminal trials. Also known as investigative accounting, this course teaches auditing, verification of records, collecting evidence, and interviewing people involved in the case.
With the advances in technology, what used to be laborious seems to be easy to accomplish. In computerized accounting, you will learn the different state-of-the-profession accounting used in small, medium and large-scale businesses and the tools to handle accounting procedures. Some of the software introduced include Peachtree, QuickBooks, and MYOB. Through this accounting training, you will know how to transfer funds, manage loans and accounts, and pay bills.
Finally, the accounting technology at the undergraduate program trains you to focus your skills on tax preparation, bookkeeping, payroll preparation, and auditing using different computer software.
At the graduate level, you will be trained to work as a comptroller, accounting department manager or IT business manager.
At the business school undergraduate level, the accounting training in technology teaches you how to handle bookkeeping and auditing using software used by small and medium-scale business enterprises.
by: Rudy Silva
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