Accelerated Accounting Degree Programs Online

Accelerated Accounting Degree Programs Online

An online accelerated accounting degree does not sound sexy.

I’m being honest with you. It just doesn’t.

But did you know that there is a strong demand for accountants? Every business will need somebody to do the books. And that somebody could be you.

The Bureau of Labor Statistics estimates that the accounting field could grow by 11% in the next 7 years. As every other part of the economy grows, accounting will grow with it. The globalization of business is bringing an increase in international trade and business.

Accelerated accounting degree online

This means that the type of jobs that are coming up will be with prestigious accounting and business firms that are working internationally.

That’s starting to sound attractive, isn’t it?

Accountants are highly valued and needed members of every strong business. That could be you.

Do you have the skills it takes to succeed at accounting? Are you:

  • Organized
  • Adaptable
  • Good with information technology
  • A clear communicator
  • A strong leader

What’s holding you back from starting?

Probably your accounting skills. Because you know you don’t have the time and money to finish an accounting degree. 4 years of your life and $68,000?

It doesn’t add up. So you are playing it smart. Not pursuing a degree that you can’t afford.

But what if it could be easier than that? What if you could get an accounting degree in 18-24 months for $1000s less than you thought?

Yes. You are smart. You want to know how that is possible. You can use an accelerated online degree program to get your accounting degree from where you are now.

Accelerated Accounting Degree Overview

Businesses make money. At least the successful ones. An accounting degree can put you in the position to manage that money.

According to a 2017 report by the National Association of Colleges and Employers over half of the companies surveyed responded that they would be interested in hiring a graduate with a degree in accounting.

There are famous people (you have probably never heard of but you will recognize the business) who have pioneered big businesses with a degree in accounting. For example Arthur Blank, the co-founder of the multi-million dollar chain Home Depot, graduated with a degree in accounting from Babson College.

Another big name accountant is Phil Knight, the founder of Nike shoes. He also made a lot of money after graduating from the University of Oregon with a degree in accounting.

You could be taking the same classes as these big founders did. Classes such as:

  • Managerial Accounting
  • Financial Management
  • Cost accounting
  • Taxation
  • Auditing
  • Government/Institutional Accounting
  • Business and Professional Ethics for Accountants
  • Professional Accounting
  • Risk Management

These are the classes that can give you the skills to go far with an accounting degree.

How far do you think an accounting degree can take you?

Careers with an Accelerated Accounting Degree

The field of accounting is projected to grow by 11% in the next 7 years. With jobs in fields like manufacturing, government and insurance. The average income when you have an accounting degree is $68,150. The top 10 percent of accountants made more than $120,910 per year.

Career

Annual Salary

Accountant

$68,150

Finance

$72, 950

Management of Company

$70,790

Insurance

$72,950

Manufacturing

$69,040

Tax Preparation

$68,130

Government

$65,820

Payroll

$68,130

Bookkeeping

$68,130

Source: Bureau of Labor Statistics

The annual income you could make with a degree in accounting is over $30,000 more than the average income of all occupations.

That’s $30,000 more a year you could be earning. Now you know why smart people get a degree in accounting.

Accelerated Accounting Degree Programs Offer Year-Round Admissions

Does looking at those numbers make you want to jump in right now and get started? Let’s do it then!

Accelerated online accounting degree programs at many universities have new start dates each month.

Instead of waiting until it is a good time for a school to run it’s classes, you can start when it is a good time for you. How about now?

Or time your graduation so that you are walking into the job market right around tax season when everybody is scrambling for an accountant.

Accelerated Accounting Degree Programs Online – Accelerated Classes vs. Self-Paced Classes

Earning an accelerated online accounting degree can be easy to fit into your life. Yes, I said accounting, degree and easy in the same sentence.

The reason for that is because of two options offered at some universities. You can look into accelerated online classes or self paced classes

Both of these options make it easy to get your degree both quicker and easier. If you thrive with a regular schedule and set due dates than accelerated online classes would fit you better.

If you are a self-motivator who can master self-imposed deadlines than a self paced class would offer you more flexibility and be a better fit.

Option 1: Accelerated Online Accounting Classes

Remember the old calculators that you had to punch in the numbers and they printed out on a spool of paper? Yeah, old school.

This isn’t an old school way of earning your degree. Instead of taking a 16 week semester accounting class, you can take an 8 week accounting class online and be done twice as fast. And you save paper too.

Option 2: Self-Paced Online Accounting Classes

Does your life have periods of busy and slow? Self paced online accounting classes might be your answer. If say, January to March is just a really quiet time for you. Not much going on, you stay in and watch a lot of Netflix. Instead you could cash in on this option.

Western Governors University and Capella University offer self-paced accounting courses. At Capella you register for a 12 week session and pay the flat fee of $2300 . During those 12 weeks you can complete as many courses as you want.

Yep.

From January to March you could put Netflix on hold and complete 8 classes. You can take up to two at one time, but every time you complete one you can immediately start the next one.

An excellent choice for capitalizing on those slow periods in your life.

Types of Accelerated Accounting Degree Programs

An accelerated accounting degree has 4 different focuses that you might take. Each focus allows you to specialize in an area that you can be excel in.

Just like there are many different areas of math. Algebra, calculus, geometry. You may be good at one, super awesome at another and just so-so at the third. But if you focus your attention on the one you are super awesome at, you can go a lot farther as a math whiz

You can choose a concentration in accounting that will allow you to be an accounting whiz!

Accelerated Accounting

  • Bachelor’s in Accounting
  • Bachelor’s in Accounting – Managerial Accountancy
  • Bachelor’s in Accounting – Public Accountancy
  • Bachelor’s in Accounting – Tax Accountancy

Whether it is management, public or tax accounting, there is a spot for you to excel in.

3 Ways to Accelerate Your Accounting Degree Even More

Logic is very important to accounting.

1+1+1 has to equal 3

But we have to take into account variables, because that changes the equation significantly!

The common equation for an accounting degree is:

150 (up to 180) credit hours + 4 (or 5) years + $125,000 = 1 accounting degree

But there are variables that you can add to change that equation.

1. Test out of college classes (up to 1 year)

You do not have to attend class to earn your 150 credit hours. Sound crazy? It is. But there is a completely valid way to earn credit that doesn’t involve going to class.

You take the exam instead.

Most universities will allow you to take up to 30 credits through Credit by Exam. That’s a whole year of classes that you can test out of. So instead of needing 5 years to get your degree, you just changed that number to 4 years.

This works really well for the introductory level classes because you might already know most of the material for intro to accounting, business management and microeconomics.

Even if you don’t when you register for the exam online, you can grab a study guide and cram. Then you take the exam and as long as you pass with 50% you are given credit for the course.

2. Get college credit for your life and work experience

If you have been working in the field of business, finance or even insurance this variable is your golden ticket.

You can get Credit for Prior Learning. That’s right. You work together with your university to put together a portfolio outlining your training, experiences, credentials and a few reference letters. Once you submit your portfolio you can then get credit for the classes you need.

At Liberty University you can get credit for these classes by submitting a portfolio:

  • Principles of Accounting
  • Accounting Information Systems
  • Taxation
  • Auditing
  • Intro to Business
  • Personal Finance

You can also use Credit for Prior Learning to fil up all your elective classes like humanities, languages and composition.

The American Council on Education website recommends colleges and universities grant credit for a variety of courses or training offered by employers. ACE is well recognized by most colleges.

If you max out the number of credits you can earn through prior learning, you could knock off another semester of classes you need to take.

Now your equation for an accounting degree involves only 3.5 years.

3. Stay continuously enrolled with the max courseload

This variable involves the most intense amount of work. This part of the equation goes like this:

You work as hard as you can + as long as you can + taking as many classes as you can = more classes done in less time.

It makes sense, right? The fastest way to finish your degree is to take as many courses as you can each semester.

Typically a student will enroll in 30 credits each year. But you don’t have to be typical, you can be exceptional. Most universities will allow you to take up to 18 credit hours per semester.

Don’t forget that there is also a summer semester! Yes, when everybody is at the beach you could be plowing through classes. Not as much fun but:

3 semesters x 18 credits = 54 credits in 1 year

That works! You now have changed your accounting degree equation. It will now take you about 2.5 years to earn an online accelerated accounting degree.

Transferring Your Existing College Credits

What if we added another factor to your accounting degree equation. Pre-existing college credit.

That’s a biggie. If you have taken any college classes in the past, maybe a community class or an AP class in high school. That can count towards your degree requirements.

As long as the credit you have earned is from an accredited college you can transfer it to your accounting degree program.

Maybe you took an Advanced Placement Intro to Accounting class in high school. As long as it was:

  • Through an accredited college
  • You earned at least a C in the class
  • The class matches your new degree

You can add that pre-existing college credit to your current degree plan. Pretty awesome, right?

Even if it doesn’t fit in your accounting degree program, use it anyways! Whatever credit you have can be used as an elective.

Credits you need – existing college credit = less classes to take.

Lower Tuition Costs

You accounting types are going to love this part. Balancing the books and ending up with fewer expenses than you thought.

The biggest expense in an accounting degree will be your tuition. Every class you take will cost you more. Duh?

Take fewer classes, pay less. It really does work.

At Kaplan University the tuition rate is $371 per credit hour. A 3 credit class would cost you over $1000! $1113 to be exact.

But you don’t have to follow that route to get 3 credits, remember. You can earn 3 credits by taking a College Level Examination Program which will only cost you $80.

$1113 or $80 per class? Which sounds like a better deal to you?

Kaplan University’s accounting program is actually 180 credit hours, bringing the total tuition cost up to $66,780.

Let’s compare a few ways to earn your accounting degrees:

COST OF ACCOUNTING DEGREE

Ways To Earn Credit Number Of Credits Total Cost
Attend University of Oregon 150 Non-Oregon Resident $138,444
Attend Babson College 150 $232,800
Attend Kaplan University 180 $66,780
College Level Examination Program

+

Credit for Prior Learning

+

Remaining classes at Kaplan University

 

30

 

 

15

 

135

Total Credits

180

$800

 

 

$1500

 

$50,085

Total Tuition

$52,385

Earning an accounting degree is a huge investment. But pursuing an online accelerated degree will save you from $14, 395 up to $180,415.

Accounting Degree Accreditation

If you want to make it big with an accounting degree you want to get a degree with prestigious accreditation. It looks good when your university is accredited.

Not only does it look good but it gives your degree validity. That is important! Nobody wants a fake degree.

As long as your accounting degree is earned at a regionally accredited college, it is a real, valid degree. To go for a higher level of accreditation you would look for schools that are accredited by:

These accreditors will make sure that the college you attend is valid. Many accounting degree holders will seek to also receive designation with the American Institute of Certified Public Accountants to become a Certified Public Accountant (CPA).

Conclusion

Is an accounting degree sexy or not? You decide.

It’s smart.

It’s a job that is high in demand.

It pays well and it could allow you to be a player in high end corporation and government jobs.

Sounds pretty good. But all that appeal can require a long, expensive educational journey.

150 credit hours + 5 years + $138,000 = a degree in accounting

That’s why we use those variables to change the equation. Testing out of classes, Credit for Prior Learning and accelerated online classes can change the equation to:

150 credit hours + 2.5 years + $52,385 = a degree in accounting.

Same end result. But drastic savings in time and money.

Which equation are you going to work with?

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