Accounting

From health care and construction to the customer service and finance industries, accountants play a valuable role contributing to the financial success of the companies they work for.

Whether you want to start your own accounting firm or join the accounting team at a major corporation, our accounting program training can help you get there.

What Is Accounting?

Accounting — sometimes also called bookkeeping or financial reporting — is how business, corporations, and other organizations measure their financial information. It encompasses everything from the basics of how much money is flowing in versus flowing out, to overseeing investments and credit, to managing payrolls, to keeping everything up-to-date and in line with current tax code.

Everyone needs accounting — from individuals and self-employed contractors to massive multinational corporations — and it’s a career that’s been around in one way or another almost throughout human history. 

What Do Accountants Do?

On a daily basis, accountants will be tasked with doing things like preparing and analyzing financial records for accuracy and risk, computing taxes and identifying which tax codes and regulations are applicable to the organization, auditing the accounting books and systems and identifying potential fraud, maintaining financial records, and identifying any potential risks or opportunities for growth that an individual may have business may have.

Because accounting is a career path that applies to a number of different industries, many accountants specialize in a particular area like risk management, government accountants, corporate accountants, or public accountants.

Some will focus their career path on working with individuals on their taxes and finances, advising them on how to best maximize for their futures by combining their experience in data management, financial planning, and tax law.

Others may choose an area like forensic accounting, which focuses on investigating financial crimes like fraud, embezzlement, and tax evasion in order to bring perpetrators to justice.

Some other accountants use their background to become auditors, either externally — investigating organizations financial records for anomalies — or internally — being employed by the business itself to find fraud and waste.

Accounting Jobs (Career Outlook)

According to the Bureau of Labor Statistics (BLS), employment of accountants is expected to grow about as fast as average for all occupations through 2029.

As the economy continues to expand and certain trends — like globalization, complex tax structures, and more companies going public — continue, accountants will be in greater demand to help individuals and organizations navigate these tricky waters.

While the majority of accountants in 2019 were employed by tax preparation, bookkeeping, and payroll services, other big areas were finance and insurance, government, company and enterprise management, and even self-employed contracting work.

Accounting Certification and Education

People who are looking to excel in the accounting field are often detail-oriented, with strong skills in math, organization, and analytical and critical-thinking.

The first step toward becoming an accountant requires education from a qualified, accredited program like Daymar College’s Accounting programs.

Employers expect to see that you have trained under experienced instructors in both the practical and theoretical areas you will need to join a team of bookkeepers, auditors, or accounting clerks.

It is especially helpful if your school’s accounting program includes a professional seminar or internship so that you can pair your classroom learning with on-the-job experience in a real-life work setting.

Many people also pursue an accounting diploma or accounting associate degree to bolster their skillset for things like running their own business.

Depending on your area of specialization, some accountants do have to be licensed as a Certified Public Accountant, generally by your state’s Board of Accountancy. Especially if you’re interested in an area like personal tax preparation and advice, make sure you check your state’s certification requirements and familiarize yourself with any exams you might have to take.

What Classes Are Required for an Accounting Program?

At Daymar College, we offer two different accounting program outcomes: our diploma and our associate degree.

Our Accounting diploma program is designed to prepare graduates for administrative office positions with an emphasis in general bookkeeping, accounts payable and receivable, tax prep, inventory control, and payroll.

We combine a wide range of specialized accounting coursework with areas like business law and small business management so that our students can knowledgably assist a business or corporation with their finances.

Full-time students can complete the program in just 15 months, and all credits from it are applicable to the Associate of Science degree in Accounting.

You’ll take courses like:

  • Accounting
  • Accounting II
  • Federal Income Tax Accounting
  • Intermediate Accounting
  • Cost Accounting
  • Payroll Accounting
  • Computerized Accounting
  • Managerial Accounting
  • Business Law
  • Personal Finance
  • Small Business Management
  • Computer Applications
  • Computer Applications II
  • General English*
  • Composition I*
  • Professional Seminar and Internship or Capstone Project
  • College Math*
  • Strategies for Success

For our Associate of Science degree program in Accounting, we build about the foundational work you did in the diploma courses and take you to the next level, with advanced studies of accounting specializations and business practices and procedures.

We also include general education courses to help students further develop their soft skills, like communication, critical thinking, and interpersonal relations.

Full-time students can complete this program in 18 months.

In addition to the diploma coursework, you’ll take:

  • Advanced Accounting
  • Corporate & Partnership Taxation
  • Human Resource Management**
  • Supervision**
  • Public Speaking*
  • Critical Thinking*
  • Psychology*

*This course fulfills a general education requirement.

**Only one of these courses must be taken to complete the program.

How Much Do Accountants Make?

The BLS reports that the median annual wage for accountants was $71,550 in 2019, with the highest 10 percent of workers in this field earning more than $124,450. Finance and insurance was the specialization area that reportedly paid the highest, followed closely by management of companies and enterprises.

Accounting Resources

What I Wish I Knew Before Becoming an Accountant

Take Your Accounting Career to the Next Level with This Skill

Want an Accounting Career? Daymar's Accounting Program Can Help

Where Can I Get Accounting Training?

Daymar College offers our Accounting diploma and associate degree programs at the following location(s):

Contact us today for more information about this popular accounting program!