The global economic recession may have had an unfavorable effect on many fields of work all over the world; however, the need for competent accounting and financial services professionals is now greater than ever. An online bachelors/associate degree in accounting provides prospective and existing accountancy professionals a boost in their careers from the comfort of their own homes.

Online accounting programs have many benefits for prospective professionals, who can work around their schedules and gain valuable knowledge in order to improve their competency in accounting and open the doors to better opportunities. Generally accounting has varied applications for individual corporate business models; there are however some general areas in accounting that are widely recognized as being inherently and individually separated.

Types of Accounting

General Financial Accounting:

This is the recording, retrieval and summarization of corporate/individual financial data. This involves auditing, generating a periodic profit and loss summary, balance sheets and cash flow statements and includes the aspects relating to legal and business requirements.

Management Accounting and Open Book Accounting

This form of accounting is the representation of data and financial summaries for corporate financial decision makers. Open book accounting is an accounting principle to ensure accounting transparency in democratic organizations as well as others.

Tax Accounting:

This is corporate of individual accounting that is meant to ensure compliance with tax laws and regional tax regulations.

Financial Audits

Financial audits can be both internal and external. Internal accounting is similar to management accounting, as it also provides audit summaries to internal corporate decision makers. These audits are carried out by employees of the corporation itself. The external audit is the audit of a corporate entity by external – independent auditor(s); auditors examine financial records and summaries in order to verify their adherence to generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS).

Accredited Online Accounting Certifications

Traditional campus based and online accounting colleges and schools have recently been offering more customized study programs for students who wish to learn using blended courses and study-from-home programs. Here is a list of some of the major accountancy related programs available in online study formats from major colleges and universities. These courses are accredited and are being offered in a variety of blended/ online formats. Many of these courses mentioned vary in levels of practical versus theoretical knowledge, with emphasis on further opportunities in either the field itself as a professional, as an entrepreneur or in academia.

Online Graduate Programs in Accounting:

- Master of Science in Accounting

- Master of Accountancy

- MBA Accounting

- MBA in Professional Accounting

- MBA/Accounting and Finance

- Master of Science in Accounting - Public Accounting/ Taxation

Online Undergraduate Program in Accounting:

- Bachelor of Science in Business Administration – Accounting

- Bachelor of Science in Accounting

- Bachelor of Arts in Accounting

- Bachelors of Arts in Organizational Management / Managerial- Accounting

- Bachelors of Science in Accounting in Public-General Accountancy/ Tax Accountancy/ Auditing-Forensic Accountancy

- Bachelors of Science in Multidisciplinary Studies - Accounting

Online Associate programs in Accounting

Associate of Science in Accounting

Associate of Arts in Accounting

Associate of Applied Science in Accounting - Financial Accounting/ Financial Investigation/ Banking

Associate of Science in Business- Accounting

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Author's Bio: 

Frank Johnson is a staff writer for SchoolsGalore.com. is a web directory for the top online schools, colleges and universities in US and Canada; with the links to descriptions and search options for various online accounting programs and online accounting courses.