A degree that prepares students for employment in managing personal, business, and corporate finances offers courses in managerial and financial accounting principles as part of a bachelor of science in business administration with an accounting concentration.
Students who enroll in business administration programs in accounting are also prepared to sit for the Uniform Certified Public Accountant (CPA) exam and become Certified Public Accountants.
I’ll go over every step of acquiring a business administration bachelor’s degree with an accounting concentration with you in this article.
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BS In Business Administration-Accounting
A business administration bachelor’s degree is made to provide graduates with the skills necessary for effectively managing a business on a daily basis.
Additionally, it was created to teach students about managerial and financial accounting concepts, options for accounting policies, and accounting ethics.
This degree offers a variety of typical concentrations, but accounting is a popular choice because it has a direct bearing on how organizations run on a daily basis.
Some programs allow students to specialize further in more specific areas of accounting, such as managerial or financial accounting. Students gain hands-on training with accounting software through learning labs.
Having a basic knowledge of accounting as well as business administration helps prepare students to perform any number of roles in the world of business, as well as government and non-profits when needed.
It also serves as an excellent platform should students choose to continue their education which enables the graduate to pursue either a Master of Business Administration or a Master of Public accounting.
Over the course of the program, students learn about the basics of finance and accounting, as well as computer programs and other tools in the industry.
In some programs, students can pursue their specialization in more specialized branches of accounting, such managerial or financial accounting.
Through learning laboratories, students receive practical training with accounting software when needed.
Having a basic understanding of accounting and business administration helps students get ready to fill a variety of responsibilities in the commercial world as well as in government and non-profits organizations.
It also provides a great foundation for individuals who decide to continue their education and want to pursue either a Master of Business Administration or a Master of Public Accounting after graduation.
Students learn the fundamentals of accounting and finance throughout the degree, as well as about computer programs and other tools used in the field.
Students who complete these programs may be prepared to take the Uniform CPA examination in order to become Certified Public Accountants once they graduate. A high school diploma or its equivalent is normally required for enrollment in a BSBA program.
Read Also: How To Become A Certified Office Manager
BSBA In Accounting
Individuals with an interest in math and business may find that a Bachelor of Science in Business Administration with a specialization in accounting can help combine those interests. Students learn about the principles of accounting, taxation, and auditing.
The program educates students in U.S. and international accounting practices, as well as finance principles.
Students gain fundamental business knowledge in business law, marketing, and business policy. General education courses, such as English, humanities, social science, and mathematics, are included.
Coursework in accounting that you may explore:
- Financial statement analysis
- Income taxation
- Accounting information systems
- Public accounting
A bachelor’s degree in accounting is the first step toward many careers in the financial world.
Whether individuals want to help other people and organizations keep track of their bills or plan for the future.
Below are the common jobs related to accounting can include:
- Certified public accountant (CPA)
- Financial manager
- Tax consultant
The median earnings for accountants and auditors in May 2018 were $70,500 annually.
These managers received mean earnings of $146,830 in May 2018.
According to the bureau of labor statistics, the employment rate of individuals with a bachelor’s degree in business administration in accounting is projected to increase by an average growth rate of 16% from 2018 – 2028 for accountants and auditors while 16% for financial managers.
Education And Professional Licensure
Graduates of bachelor’s degree programs in accounting can further their studies through a Master of Business Administration (MBA) in accounting or financial management.
These 2-year programs are available in traditional classroom formats or may be available through distance learning. Students often take international trips to learn about business in another country as part of their MBA studies.
Professional licensure requirements depend on an individual’s chosen career. For instance, the U.S. Bureau of Labor Statistics noted that accountants filing with the U.S. Securities and Exchange Commission must be CPAs.
The American Institute of Certified Public Accountants (AICPAs) noted that an accountant must be proficient in two areas (education and experience) and pass the certified public accountant examination to practice as a CPA.
A Bachelor of Science in Business Administration in Accounting will provide adequate education for aspiring accountants but must be followed by acquiring a CPA.
Bachelor In Business Administration In Accounting Expectations
Students working towards this degree will learn about the world of accounting, keeping and looking over records of transactions and finding out how to analyze the data to draw conclusions and interpret patterns within it.
They also learn how to present this data to executives and shareholders in meetings and explain it in such a way that it is easy to understand.
Another important area of study is business law, which ensures that students keep their accounting practices legitimate and their organization out of trouble.
Most accounting programs will also heavily feature tax preparation, enabling students to continue their education to become Certified Public Accountants (CPAs) after graduation.
Required Courses For A Bachelor of Business Administration In Accounting
In addition to the general studies courses required of all undergraduate students, a degree with a focus on accounting will have a great deal of math and math-related courses to take.
Calculus and statistics and modeling are commonly required, and specially tailored business math courses, such as business statistics, may also exist.
A number of courses on economics, both at the macro- and micro-levels, will be needed, as will many courses on finance and accounting, such as business finance, auditing, financial statement analysis, and managerial accounting.
Courses drawn from the wider business administration core might include business law and ethics, organizational behavior, and operations management, as well as information technology.
Bachelor of Business Administration in Accounting Career path
A bachelor’s in business administration with a focus on accounting prepares graduates for a number of possible careers using both aspects of that degree. Naturally, one common career is as an accountant for a business, ensuring money flows in and out as it should.
Another option is to take additional classes, outside of those required for the degree, in the area of accounting to help meet the requirements to become a CPA and provide accounting services to the public, and potentially run a firm.
Banking and financial analysts are other careers that make heavy use of accounting knowledge, as they examine market data in search of patterns to help their employers make decisions regarding interest rates, the buying and selling of stocks, and more.
Tax consultants help people and businesses of varying sizes understand the tax code, ensuring that they accurately pay what tax is required of them.
1. What Jobs Can You Get With A Business Administration Degree?
Below are the respective types of jobs that a business administration degree holder can secure, such as:
- Sales associate.
- Sales manager.
- Business analyst
- Business Consultant
- Financial analyst
- Investment manager
- Investment banker
- Market researcher
2. Which Degree Is Better Accounting or Business Administration?
Though both a degree in accounting and a degree in business administration will be attractive to employers, neither one is necessarily better for everyone.
The key to planning your education for a successful career is to find the best match for your personality, goals, and particular situation.
When preparing for a financial career, there are several degrees you can choose from.
Accounting and business administration are two popular degrees that can help prepare professionals for careers in finance.
Haven said this, you know better now about these degree programs and how they compare can help you determine which path is best for you.
I hope that this article satisfies your search intent.