what is professional accounting course

by Orville Lynch 5 min read

BCom Professional Accounting Course Highlights

Course Level Graduation
Duration 3 years
Examination type Semester-Based
Eligibility Criteria 50% minimum marks in Higher Secondary/HS ...
Admission Process Merit/ Entrance-Based
Jun 2 2022

In this program, you'll take the standard business administration courses that cover topics such as introductory economics, financial management, information technology and business law. You'll also take intermediate accounting courses, study auditing and learn about federal income tax.

Full Answer

What courses are needed for an accounting degree?

What Classes Will I Have to Take for a Degree in Accounting?

  • Core Business Courses. A Bachelor of Accounting, Bachelor of Accountancy or Bachelor of Science in Accounting degree program is usually a part of a business school.
  • Introductory Through Intermediate Accounting Courses. ...
  • Advancing Your Accounting Education. ...

How to learn accounting without an accounting background?

Top 25 MAcc programs for Non-Accounting Majors

  • Recommended Online Accounting Programs
  • Exploring the Career of Accounting. Professional careers these days do not follow the "mailroom to upper management in 40 years" trajectory your grandfather had.
  • New to Accounting? No Worries, We've got you Covered. ...
  • Choosing the Best Accounting Degree Program. ...

What is the best online accounting course?

“ Introduction to Financial Accounting ” on Coursera is a superb accounting course led by The Wharton School of the University of Pennsylvania. For those interested in bookkeeping, “ Become a Bookkeeper ” on LinkedIn Learning is a fantastic online class to learn the ropes of bookkeeping that is led by industry experts.

What is the best accounting certification?

What are accounting certifications?

  • 1. Certified Public Accountant (CPA) A CPA is the most common certification in accounting and is required to hold many accounting positions. ...
  • 2. ...
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  • 8. ...

What is meant by professional accounting?

Professional Accountant - A person who has expertise in the field of accountancy, achieved through formal education and practical experience and maintained through continuous learning and development; is held to high professional standards equivalent to the IESBA Code of Ethics for Professional Accountants and IAESB ...

Which course is best in accounting?

What are the top accounting courses that we should go for?Bachelor of Commerce (B.Com) in Accounting and Finance. ... Masters of Commerce (M.Com) in Accountancy and Finance. ... Chartered Accountant (CA) ... Association of Chartered Certified Accountants (ACCA) ... US Certified Public Accounting (CPA) ... Diploma in Accounting.More items...•

What is the difference between accounting and professional accounting?

Accounting is a processor work of keeping financial accounts. An accountant is a person whose job is to keep financial accounts. A Certified Public Accountant (CPA) is an accountant who has met state licensing requirements. The accountant cannot provide attestation services.

What is an example of a professional accounting certification?

Certified Public Accountant (CPA) Certified Financial Analyst (CFA) Certified Fraud Examiner (CFE) Certified Internal Auditor (CIA)

Why is accounting a professional course?

A professional accounting program can prepare students with the accounting skills that can be used in a variety of industries. Examples of typical classes are financial and managerial accounting, economic theory, finance, taxation, auditing and financial statement analysis.

How many courses are in accounting?

A: The four main accounting subjects are Finance, Accounting, Management and Economics.

Is ACCA a professional degree?

ACCA is a Professional Qualification or Professional Degree that is recognised by several countries across the globe. It is offered by an internationally recognised body that has many decades of repute to its credit. ACCA Certificates are offered in proper convocation ceremonies conducted across the globe.

What is the difference between Masters of accounting and Masters of Professional Accounting?

The Master of Professional Accountancy is solely focused on CPA certification and prepares you to sit for the CPA exam. This degree is a must if you wish to work as a certified public accountant and advance into management-level roles.

What is better a CPA or an accountant?

A CPA is better qualified than an accountant to perform accounting duties, and recognized by the government as someone who is credible and an expert in the field. Individuals who have received a CPA designation are trained in generally accepted accounting principles and best practices (including online tools).

What is better CMA or CPA?

If a candidate is interested in auditing, taxation, reporting, and regulation, then he/ she should opt for CPA, while if someone is interested in management, strategic analysis, and decision making, then CMA is a better choice for him/ her.

What is the highest level in accounting?

What Is the Highest Rank in Accounting?Partner. For public accountancy firms, the highest-ranking accountant is the partner. ... Chief Financial Officer. For larger publicly traded companies, the top accountant is usually the chief financial officer. ... Controller/Accounting Manager. ... Chairman of the SEC.

Which is higher CFA or CPA?

CFAs typically have a higher earning potential than CPAs. CPAs often work with financial decisions that companies have already made, such as preparing tax documents and audits, while a CFA typically helps their clients make these financial decisions and plan for financial success.

Why Choose B.Com Professional Accounting?

The answer to "why choose B.Com Professional Accounting?" can be explained and understood by the following three questions:

What is a B.Com in accounting?

B.Com Professional Accounting is a three-year undergraduate degree course that deals with the study of accounting, finance, marketing, economics, management, and other financial matters. The main aim of the course is to train the students and make them excellent both in theoretical and practical aspects related to financial analysis, creative thinking, good communication and interpersonal skills, and good mathematical skills and account knowledge. Graduates of the B.Com Professional Accounting course have many job opportunities in accounting, management, marketing, mathematics, and many more. Along with it, B.Com Professional Accounting graduates are preferred everywhere for work, including private and public sectors.

What is the job of a B.Com professional?

Research and Development: One of the primary jobs of B.Com professional Accounting graduates is in the research and development domain related to accounting, finance, and commerce. Throughout the B.Com Professional Accounting course, the graduates will develop certain important skills in research and development that will help them grow in their profession.

What are the subjects of a business economics course?

The important subjects of the course are business economics, business law, environmental science, business statistics, corporate law, indirect taxes, and many more. The course has a very wide job scope in almost every sector, including the private and public sectors of the organizations.

What is a B.Com.PA?

The B.Com Pa degree course is very well known for its in-depth knowledge about various concepts such as accounting, finance, and other fields of commerce. Some of the various functions which is been carried out by B.Com professional Accounting graduates are:

What is the CPA exam?

The CPA program covers topics such as auditing, attestation, financial accounting and reporting, business environment and concepts, as well as regulation. The CPA does not have any levels and has a single exam that consists of four sections. Each of these four sections is tested separately, acting as their own exam.

What is the difference between accounting and finance?

Accounting is focused on recording and reporting how a business performed in the past, while finance is focused on analyzing and forecasting how a company is expected to perform in the future. certifications highlight that someone has put in the time and effort to expand their knowledge and skills. More and more people nowadays have access ...

How much does it cost to get a CFP?

It costs about $2,000 and 4 years to obtain this designation. The pass rate for the CFP is around 67%.

How long does it take to get an ACCA?

The ACCA accounting designation consists of three levels (modules) and up to 13 exams. It costs roughly £2,000 to attain the designation and takes around three years to complete. As there are many exams in the ACCA, the pass rate can vary from 30% to 80% depending on the exam.

What is a CFP?

The Certified Financial Planner ( CFP) designation is a great finance certification for anyone who is pursuing a career in investment or wealth management#N#Private Wealth Management Private wealth management is an investment practice that involves financial planning, tax management, asset protection and other financial services for high net worth individuals (HNWI) or accredited investors. Private wealth managers create a close working relationship with wealthy clients to help build a portfolio that achieves the client’s financial goals.#N#. This certification is focused on financial planning – the high net worth and retail segment of investment management. Though the CFP’s coverage of wealth management is extensive, its focus is narrow, thus making it not as applicable to other finance careers.

What is asset management?

Asset Management Asset management refers to the process of developing, operating, maintaining, and selling assets in a cost-effective manner. , reporting. Financial Modeling and Reporting Financial modeling and reporting are distinct, but closely related, functions in finance.

What is BCom Professional Accounting?

BCom Professional Accounting is a three year full-time undergraduate management degree course which gives the student a theoretical understanding of how Professional Accounting principles work within a business context.

How long is a MCom accounting course?

MCom: If one wishes to continue in the same field of education, he/ she can opt for a MCom Accountancy course. It is a two-year course and the eligibility criteria include having a Bachelor’s degree in Commerce.

How to get into BCom accounting?

The key to get admission to a BCom Professional Accounting course is to focus on the qualifying exam scores for both boards and college entrance. It is very important to work on one’s communication skills as there are interviews.

What is the exam pattern?

The exam pattern incorporates questions which are simple in nature. The questions are of basic 10+2 level. Hence one must focus on revising the basic concepts.

What are the subjects taught in commerce?

Some of the important subjects are Income Tax Law & Practice, Business Statistics, Financial Market Operations, Corporate Reporting, Financial Market Operations etc.

Is BCom accounting popular?

BCom Professional Accounting course has become pretty popular among students nowadays. More and more students are pursuing this course. The course offers diverse career opportunities.. The most popular choices of education on completion of a BCom Professional Accounting degree are as follows.

What Can You Do With an Accounting Degree?

Professionals with an online accounting degree can follow a variety of career tracks, nearly all of which show a positive job outlook and a high annual salary. Career responsibilities and compensation packages generally increase in parallel with formal education. Overall, though, all accounting careers pay reasonably well.

How long does it take to get an accounting degree?

Accounting degrees come in all different levels, from a six-month certificate to a Ph.D. Career changers often choose certificate programs, and people looking for a quick entry point into a profession frequently apply to associate programs.

What do accountants do?

Accountants work for corporations, nonprofits, government agencies, and small businesses. They create financial reports, review income and expenses, prepare tax documents, and assure regulatory compliance. Some accountants even help track down financial criminals. Others take part in high-stakes investments.

Why do companies need accountants?

In both good times and bad, companies need accountants to keep track of financial matters. Accounting offers a growing, well-paying, and nearly recession-proof career for people with an analytical mind and an eye for detail.

How many credits do you need to become an associate in accounting?

Most associate in accounting programs require 60 credits to complete, but many schools allow students to transfer in up to 45 credits, which can reduce the time to graduation to as little as one semester. Courses in associate programs include financial accounting, principles of finance, and applied marketing strategies.

What does a certificate in accounting mean?

A certificate in accounting can mean different things to different people. To clarify, a certificate does not equal certification. Schools issue certificates for completion of short academic programs, while professional organizations or state agencies provide certifications for meeting various requirements.

How long is the bookkeeper certificate?

Cost: $200 per credit. Program Length: 3-4 months.

What is a professional accountant?

A Professional accountant in a specified field is a candidate who has (or has acquired) the qualifications specified by the respective professional accounting body for being recognised as a professional in that field.

What is accounting in business?

Accounting is a function that is carried on in almost all the business organisations by individuals either with or without the help of machines (computers). We find personnel working at various levels of the organisational hierarchies within the accounting and other departments (sections). People who are involved in the process of recording information (daily book keeping activities) whom we call accountants or book keepers or clerks or assistants, People who carry on activities relating to processing the information collected by book keepers whom we call accountants, managers, chief accounts etc., People who carry on the analysis of the accounting information who are generally positioned towards the higher levels of the hierarchy whom we call Chief Accounts Officer, Financial Manager etc.

What is the depth of knowledge required by people working in organisations at various levels?

The depth of the knowledge required by people working in organisations at various levels depends on the level at which they are working, the accounting activity they handle as well as the informational needs of the organisation. We may find professional as well as non-professional accountants with the requisite knowledge and proficiency which may have been acquired through their academic curricula or through work experience.

Is an accountant a professional or non-professional?

We may find both professional as well as non-professional accountants at various levels of the organisation.

Who are candidates pursuing the courses conducted by the professional accounting bodies?

Candidates pursuing the courses conducted by the professional accounting bodies are the students of the related professional accounting course.

Can a company secretary become a cost accountant?

A company secretary intending to become a cost accountant would be exempt from appearing in few papers of the cost accountancy course that has to be taken up by candidates intending to become cost accountants.

What is accounting certification?

What are accounting certifications? Accounting certifications are credentials that accounting professionals use to enhance their careers and grow their skill sets. Determining which one is right for you can vary according to your career path, specialization, eligibility and resources.

What is the most common certification in accounting?

1. Certified Public Accountant (CPA) A CPA is the most common certification in accounting and is required to hold many accounting positions. It verifies your abilities in forensic accounting, risk management, compliance, taxes and other skills required for top accounting roles.

What is an AICPA credential?

The credential benefits an accounting professional wanting to be connected to a global network. AICPA members are eligible with three years of relevant experience in accounting. CIMA members automatically qualify.

What is FSAC certification?

The FSAC is is a specialty certification offered by the Institute of Internal Auditors. It replaces the Certified Financial Services Auditor (CFSA) credential. It recognizes expertise in 11 areas, including cybersecurity risks, fraud risk assessment, financial services audit, liquidity risk management, internal auditing in financial and insurance services, auditing capital adequacy for banks and auditing for credit risk, market risk, model risk management and third-party risk.

Why is certification important in accounting?

Increased career opportunities: An accounting certification enhances your credibility with clients and can qualify you for more advanced opportunities.

What is a CFA?

Having a CFA designation verifies a financial professional's knowledge and abilities regarding portfolio management, economics, professional and ethical standards and investment analysis. This certification requires a bachelor's degree along with four years of experience in financial services.

How many hours does it take to get a financial services license?

This credential requires a bachelor's degree along with four years of experience in financial services. The exam has three sequential levels with a total time of 18 hours. Ongoing requirements include 20 hours of CPE credits.

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List of The Top 10 Accounting & Finance Certifications

Chartered Certified Accountant (ACCA) Designation

  • The Chartered Certified Accountant (ACCA) designation is a globally recognized accounting certification that focuses on topics such as financial management, reporting, taxation, auditing, leadership, and ethics. Unlike the CPA, ACCA is more internationally recognized and applicable as it focuses on IFRS as opposed to U.S. GAAP. However, this means ...
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Certified Financial Planner (CFP) Designation

  • The Certified Financial Planner (CFP) designation is a great finance certification for anyone who is pursuing a career in investment or wealth management. This certification is focused on financial planning – the high net worth and retail segment of investment management. Though the CFP’s coverage of wealth management is extensive, its focus is narrow, thus making it not as applicab…
See more on corporatefinanceinstitute.com

Certified Management Account (CMA) Certification

  • The Certified Management Accountant (CMA) certification is an accounting certification that is offered by the Institute of Management Accountants. The CMA looks further into financial accounting and mixes in elements of strategic management. The certification is concerned with teaching the underlying factors behind a company’s financials and what strategicbusiness decis…
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Certified Public Accountant (CPA) Certification

  • The Certified Public Accountant (CPA) certification is one of the most important certifications for accountants and is also significant for a finance career path. For a career in accounting, the CPA is virtually a “must have” certification. Many employers list it as a requirement for accounting positions. The CPA program covers topics such as auditing, attestation, financial accounting an…
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Chartered Alternative Investment Analyst (CAIA) Designation

  • The Chartered Alternative Investment Analyst (CAIA) designation is a finance certification which focuses on alternative investments. This finance certification is aimed at people who want to work in asset management and hedge fund industries. CAIA primarily covers topics such as hedge funds, private equity, real assets, asset allocation, structured products, risk management, …
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Chartered Financial Analyst (CFA) Designation

  • The Chartered Financial Analyst (CFA) designation is a well-recognized and sought after finance certification by financial professionals globally. It is highly regarded and often used as a filtering mechanism for firms when they are hiring for financial analysts. However, while comprehensive, the CFA touts a very low pass rate for the program, which can be attributed to the vast amount o…
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Chartered Financial Consultant (CHFC) Designation

  • The Chartered Financial Consultant (ChFC) designation is a finance certification that is awarded by The American College of Financial Services. The ChFC designation was initially created to be an alternative to the CFP designation. However, it is less recognizable than the CFP. The ChFC includes comprehensive coverage of all kinds of financial planning topics, such as insurance pla…
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Chartered Global Management Accountant (CGMA) Designation

  • The Chartered Global Management Accountant (CGMA) designation was jointly established by the American Institute of Certified Public Accountants (AICPA)and the Chartered Institute of Management Accountants (CIMA). It is a globally recognized accounting certification that has been established by two of the longest standing accounting associations. If you are a current CI…
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Financial Modeling and valuation Analyst (Fmva) Certification

  • The Financial Modeling and Valuation Analyst (FMVA) certification is a finance certification that is offered by Corporate Finance Institute®. The FMVA is a popular option for corporate finance professionals what want to improve their financial modeling skills. The FMVA is built on practical topics and applications, using real-world examples and case studies. The curriculum of the FMV…
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