Accounting skills aren’t just for the accounting department; they are a critical component in all facets of a business. One of the most important assets a manager can bring to a company is a working knowledge of accounting practices. Department leaders need to establish and maintain budgets, account for spending, track expenses and understand the impact their expenditures have on a company’s bottom line. For aspiring entrepreneurs and executives, an understanding of accounting practices can mean the difference between your company’s profitability and bankruptcy. To make sound business decisions, you need to understand and interpret the numbers driving your organization’s results.
A BA in Business Administration with a concentration in Accounting can build your business savvy and give you valuable financial management skills. The jobs listed below are projected to grow 11% from 2014-2024, according to the U.S. Bureau of Labor Statistics. Here are some careers to consider with a bachelor’s degree in Business Administration with a concentration in Accounting.
New England College offers flexible, convenient online learning, accelerated courses and the opportunity to start or continue your educational goals on your own time.
A bachelor’s degree in Business Administration with a concentration in Accounting gives you the opportunity to learn about topics pertinent to the business world. Here are some of the required concentration courses available.
You will study the theory and practice of the accounting for most balance sheet accounts, revenues, expenses and other advanced topics. Pronouncements of the AICPA, FASB and other authoritative sources are an integral part of this class. Prerequisite: AC2210 Financial Accounting
As a continuation of the concepts begun in Financial Reporting I, you will review balance sheet topics, including liabilities like long-term debt, pensions, leases and stockholders’ equity accounts, along with other advanced topics. Pronouncements of the AICPA, FASB and other authoritative sources are an integral part of this course. Prerequisite: AC3210 Financial Reporting I or permission of the instructor
You will learn about tracking the individual components that make up the cost of a manufactured product: materials, labor and overhead. The course expands beyond the management accounting class in that cost accumulation systems like job orders and process costing are studied. Other topics of note include quality costs, learning curve theory, just-in-time costing and activity-based costing. Prerequisite: AC2210 Financial Accounting
You will study the composition of the federal tax law as applied to individuals. Topics include filing statuses, exemptions, basis calculations, capital gains and losses, sale of residences. An important component will be the strategies a taxpayer can legally use to evade or postpone the payment of taxes. An introduction to the tax effects of organizing as a proprietorship, partnership or corporation will be presented. Prerequisite: AC2210 Financial Accounting or permission of the instructor
To view all of the courses required for this degree, click here.