Accounting Classes

A degree in accounting requires a lot of courses or classes that has to do with business in general.

These Accounting Classes are progressive type of learning where you learn accounting principles, reading financial statements, debits and credits, accounts payable, accounting and bookkeeping and so much more. Whether you enroll in traditional or online schools, you can expect that the accounting classes or courses you need to undergo are the same.

Accounting Classes – Layout

On the first few semesters, students who enroll in any Accounting degree program should expect not to have so much accounting classes. Mostly the subjects in the first few semesters would be basic educational courses such as English, Mathematics, Science, Social and Behavioral Science, and Arts and Humanities. The English classes required for an Accounting Degree will focus on English communication and composition as this is a skill that an accountant is required to master. The Mathematics courses would require College Algebra, Statistics or Calculus. The student is also expected to take at least two Science courses with one laboratory component.  Social and Behavioral Sciences can be a choice of Anthropology, Economics, Psychology or Sociology.

In the succeeding semesters, students in accounting will start to have accounting classes in their curriculum. By this time, they will then be introduced to their field of study. In some schools, the first classes would be Principles of Accounting I, which is an introduction to financial accounting for service and merchandising firms, followed by Principles of Accounting II, which discusses financial accounting for corporations and manufacturing firms. Cost Accounting is an intermediate course that focuses on the managerial use of accounting data to plan and control personnel and operations. This is followed by an Intermediate Accounting 1 and 2 classes, which covers the underlying principles, procedures, and reporting requirements necessary to understand the preparation and use of modern financial reports.

Management Accounting studies the use of accounting information as an aid to management decision-making, profit planning and control, budgeting, quantitative techniques and internal accounting reports.  This can be simultaneously taken with Accounting Information Systems, which covers analysis, design, and applications of accounting information systems, related internal control issues, and management use of information.

Taxation is an important course for an accounting degree. Some schools dedicate one class solely for Income Tax Accounting, which studies the current income tax law and tax regulation. Other schools have Advanced Tax Accounting classes, which focuses on tax regulations applicable to partnerships, corporations, estates, gifts, and trusts. Other schools call this class Corporate and Partnership taxation.

Some schools include International Accounting courses in their curriculum. This course studies the international dimensions of accounting including international financial reporting and harmonization. Other schools also include Accounting Internship classes which allows the student to work part-time in an accounting position with either a private or a governmental financial unit.

Accounting Classes – Schools

Each school varies with how they name their accounting classes. Even the course description differs with each other. Perhaps the reason for this is that the requirements for becoming a CPA differ from State to State. Hence, before you make the ultimate decision of where to take your degree in accounting, always take into consideration where you plan to start your career. This is to ensure that the Accounting Classes you are taking is sufficient to meet the requirements to take the CPA exam in the state where you want to start building your career.

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