Online Accounting Classes

Accounting courses teach how organizations record and plan to use money and other assets. Specializations within accounting include financial accounting, cost management, managerial accounting, actuarial or insurance accounting and tax accounting. Because accounting involves all areas of an organization, classes cover related topics such as business, economics, and regulation.

Knowledge Gained

Online classes will provide students with knowledge in many areas, including:

Accounting Practices

Students learn the standard methods of recording, analyzing, planning and communicating the assets and financial transactions of an organization. This includes accepted practices for budgeting, reporting finances to third parties, auditing or examining an organization and paying taxes.

Economics and Finance

Classes teach how markets work and the different techniques for lending money and evaluating assets. Students learn about financial decision making, how regulations and taxes affect prices and income, as well as the kinds of reports businesses must provide to shareholders and governments.

Mathematics

By learning to use mathematical tools, students will be able to examine all the financial aspects of an organization and draw conclusions from that analysis. This means mastering math concepts like statistical analysis and the application of calculus to address business problems.

Management

Since accounting guides organizational decision making, students learn to understand the goals of managers in guiding and evaluating the behavior of an organization. Classes teach students the theory of business organization, and how managers make decisions, control an organization, and plan for the future.

Law

Students study and learn the laws that govern contracts, sales, real estate, bankruptcy and taxation. Accounting practices are often used when legal decisions are made by an organization. Practices themselves can also come under the focus of legal regulation.

Skills Developed

Students will also gain skills in the following areas:

Investigation

An accountant may be called upon to process large amounts of information in order to make proper records and decisions regarding an organization. Accounting classes teach how to carefully read documents and regulations, interview individuals and locate and identify relevant records.

Critical Thinking

Accounting involves the careful analysis of complex situations in order to make the best possible decisions. Students learn to develop critical thinking skills in order to properly categorize different types of assets and transactions, identify potential accounting problems, and create unique solutions to those problems.

Related Subjects

Online Bookkeeping Courses, Online Forensic Accounting Courses, Online Small Business Courses

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