Accounting is as fundamental to business as a shelving system is to a library. The wheels of commerce are indeed oiled by accounting with noteworthy implications. Precise and talented accountants can mean the difference between an audit and sailing smoothly into the future.
They play key roles:
- Tax preperation
- Payroll services
- Routine Audits
- Compliance
- Corporate Valuation
- Advisor roles for organizations and high-net worth individuals
- Prosecuting of financially-related crimes
- Being thought leaders on efficiency and how to maximize profits
- And many other tasks
Online Accounting MBAs can help to prepare you for the most popular accounting certifications — like the CPA — can lead to accounting management positions, can help graduates move into financial analyst positions, and can even prepare graduates to move all the way up the ladder to chief finance officer positions. After all, MBAs are some of the most versatile degrees on the planet.
In an online accounting MBA, you’ll start by completing a host of core courses that often don’t vary much between business schools.
Some of the most common core courses required in an MBA may include a mix from the following:
- Marketing
- Strategy
- Financial Management
- Analytics for Business
- Economics for Business
- Statistics for Business
- Corporate Finance
- Operations or Supply Chain Management
- Global Business
- Leadership
- Business communication
- Business Law
- Ethics and CSR
- Information Technology basics
- Organisation Behaviour
- Strategic management
Once students have progressed some way through their core courses in their Online Accounting MBA, they generally begin on their concentration courses.
While concentration courses in accounting vary a great deal by the program, the following are common examples:
- Financial Reporting I
- Financial Reporting II
- Tax Factors in Business Decisions/Corporate Income Tax Basics
- Income Tax
- Government and not for profit accounting and audit
- Financial Accounting
- Financial and Managerial Accounting
- Cost Management
- Financial Reporting and Business Analysis
- Accounting for Complex Financial Structures
- Financial Disclosure Analytics
- Audit concepts and Analytics
A new subject that is trending in some Online Accounting MBAs, is the field of forensic accounting which marries financial analysis with fraud and investigation. Forensic Accountants must be able to not only read and understand financial statements but be able to look through them to find details and patterns to identify fraud. This exciting industry stretches from litigation, investigation, and insurance. Students holding this online accounting degree are often top choices for positions at forensic accounting firms especially in USA, working within the insurance industry, as well as, legal, corporate, and public sectors
Most also offer extra courses like Big data and business data analytics for extra credits since these are currently in demand
Online Accounting MBAs are some of the most popular MBAs due to their versatility and the value they can provide entrepreneurs, managers, accountants, and those in a wide variety of administrator positions.
Online Accounting MBA degree can also take care of the prerequisite credits that are required for taking common accounting exams such as the CPA.
