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In Nashville, Tennessee, accounting is a popular profession. Accounting professionals are highly-demanded and perform tasks such as bookkeeping and auditing. They also develop financial analysis and risk management.
It is important to understand what you can expect if you are interested in becoming a financial accountant. This article will discuss the career outlook, earning potential, as well as the cost of a degree.
Bachelor’s degree requirements
A degree in accounting can help you increase your chances of success in the industry. Whether you want to become a Certified Public Accountant (CPA) or a Certified Management Accountant (CMA), a high-quality accounting degree will equip you with the skills you need.
Students interested in the field can enroll in a Bachelor’s degree program in accounting. This degree is designed to introduce students to the fundamentals of business administration, accounting, and finance. This degree can also be used as a prelude for a Master of Accountancy program (MAcc).
To earn a bachelor’s degree, students must take at least 27 quarter hours of credit. Students can earn their degree online, or they may choose to take courses on-campus. The school must be accredited. However, non-accounting courses may not be offered online.
A Master of Accountancy (MAcc) program requires 30 credit hours, including four core classes. MAcc students must also complete a capstone course.
Cost of a degree
Accounting is one of the fastest growing fields of study, and earning a degree in the field will give you access to a wide variety of career options. There are many professions that require accountants, including auditing, management, and tax accounting. Whether you are looking to advance in your current job, or you are aiming to become an entrepreneur, a degree in financial accounting can help you gain an edge over the competition.
There are numerous options for earning an accounting degree in Tennessee. Students have the option to either take classes on campus or go online for an accounting degree. Online programs are flexible and cost-savings.
Students can also benefit from grants and loans. These funds are often available with flexible repayment terms and interest rates. Some scholarships are offered by nonprofit organizations.
There are many universities that offer accredited programs in accounting in Tennessee. These schools undergo regular reviews and ensure that students are prepared for the workplace.
Accounting professionals in Tennessee enjoy strong employment projections. There are approximately 19,000 accountants in Tennessee. They work in many industries including healthcare, entertainment, and agribusiness.
According to the Bureau of Labor Statistics, the average wage for accountants in Tennessee was $64,120 as of May 2020. This is slightly less than the national average, but there are still good job prospects in Tennessee.
While accounting jobs in Nashville and across the state are gaining momentum, the market is crowded. Employers must hire top talent. Higher-paying jobs may be available to those with advanced degrees.
Accounting graduates can apply for positions as bookkeepers, accounting clerks, payroll clerks, or accounts receivable clerks to get into the field. An accountant can also pursue a higher degree. A Master’s degree in Accounting can help a forensic accounting professional stand out from the crowd.
Forensic accountants often work in conjunction with law enforcement to conduct audits and investigate financial records. The job outlook for accountants looks bright, as more businesses rely on them to compile financial reports and assess risk.