The courses taught as part of today’s Bachelor’s in Accounting program are designed to impart significant knowledge of the accounting and financial worlds to each and every student. In this very spirit, what are some of the courses one can expect to encounter in the accounting bachelor’s? Here are five examples of typically required coursework to expect in this particular degree program.
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Business Finance
Business finance is the area of finance and accountancy work solely focused on the business environment. This is a rather broad area of accountancy that is studied in a number of hierarchical subsets as well as on its own. Subsequent to this considerable breadth, students of virtually all accounting bachelor’s programs can expect coursework in this area. By mastering these concepts – Capital investments, securities, financial leverage, international finances, and policy-crafting students will master this course requirement.
Accounting Information Systems
When most people think of the practice of accounting in general, thoughts of money management, calculators, and accountants tend to abound above all else. While these are important elements to accountancy and finance, so too are the often underlying software and hardware components of the entire practice. The world of accounting today utilizes a rich field of computer systems and in many common areas of method. This required course gives students a solid dose of what this supportive technology is all about.
Fraud and Forensic Accounting
According to the AICPA, research has found that nearly 1 trillion dollars in the business world is lost each year to occupational fraud. Forensic accounting is thus the specific area of accounting method used to track down and prevent these kinds of fraudulent losses. Fraud and Forensic Accounting is a required course in the Bachelor’s of Accounting and provides students with a great foundation in the subject. Students here can expect to learn the basics of forensic research and investigation, become familiar with the circumstances that make fraud possible, and also become familiar with control theory.
Cost Accounting
Cost accounting is the accountancy discipline concerned with weighing all company expenditures and then going on to devise reactive improvements to company management and profitability approaches. Concepts such as cost behavior, corporate social responsibility, the role of accountants in decisions, and inventory and process valuations take the stage in this course. Additionally, students particularly interested in this area of accountancy can typically find further minor and/or elective coursework of its kind in their school’s accounting programs.
Internal Auditing
Auditing is the term used to represent the deep review of something. In business, an audit could involve a company wanting to review its policies, safety procedures, physical properties, or any number of other things. Internal auditing is any audit effort managed and directed by the company itself. As ethics, law, and troubling fraud concerns mount for the modern business, so too does the value of the internal auditing skillset of accountancy. Where internal audits are regularly practiced, self-governance and awareness are the key benefits.
Those pursuing a Bachelor’s of Accounting are set to learn a great deal about the vast financial world of today. Subsequently, the applicability and value to this degree are also noteworthy. The above-mentioned required courses provide a good sample as to the overall parameters and value gained by way of the Bachelor’s in Accounting today.
