Available Online Accounting and Finance Training Programs

Working to facilitate and record monetary funds for a business, bank, or an individual person is a career path that can be entered through education. Online accounting and finance programs are available in several areas for students wanting to work with an organization’s finances.

Online colleges and universities offer training in every form, allowing students to not only pick their degree level but concentration area as well. Education in accounting and finance is available in areas that include:

Accounting Technology
Bookkeeping
Corporate Finance
Finance and Backing

Schooling opportunities prepare students to work with monetary funds in many ways. The career goal of students will ultimately determine what type of degree to earn. For example, completing a corporate finance degree is the best options for students that want to work with organizations on their financial plans. Degree programs at the undergraduate level train students to begin entry-level careers in accounting and finance. Students that are looking to enter graduate degree training can expect to study advanced material that will prepare them to enter managerial or executive positions within the work place.

Becoming a versatile member of the industry can be gained within an accounting technology degree program. Students gain analytical skills while learning to use the industry’s latest technology and accounting tools. Students learn the accounting process by working to understand how the mathematics of the industry is applied to financial management. Education gives students experience by requiring them to take courses on accounting info systems, taxation procedures, and more.

Another side of accounting and finance is bookkeeping. Students can complete an online degree program in bookkeeping to gain the knowledge to produce accurate and efficient financial statements. Students learn about accounting by working through business-oriented courses and money management. After a general foundation is gained students study tax depreciation, payroll, inventory, and entry adjustment.

Students that want to work specifically with organizations on their monetary activities can seek out education in a corporate finance degree. Investment banking, market directive, and cost analysis are subjects that train students to become financial reporters, fraud investigators, stockbrokers, and more. Online graduate degrees in corporate finance are taken as concentrations in finance programs. Other possible online degree programs can be pursued in finance and banking where students learn to work in financial institutions like credit unions and banks. Students can expect to learn about accounting principles, macroeconomics, and banking information systems inside a standard degree program.

Flexibility in Online Accounting and Finance Degrees

With solid job prospects projected through 2016 and with colleges and business schools offering flexible degree programs, what’s holding you back from pursuing career training in accounting and finance? Indeed, the U.S. Bureau of Labor Statistics (BLS) estimates accountants and auditors should see 18 percent job growth rate during the 2006-2016 decade.

Courses for All Levels of Expertise

Whether you’re just beginning an accounting or finance career or looking to move into management roles from your present job, online schools offer programs leading to an associate’s, bachelor’s, or master’s degree. Depending on your career goals, you can enter several career tracts, from accountant to banking, financial advisor to auditor.

Those pursuing accounting degrees can take online courses in preparation for Certified Public Accountant (CPA) designations. In 2007, some 48 states required accountants to pursue 30 hours beyond undergraduate accounting training to gain their CPA designations. The certification typically leads to greater on-the-job responsibilities–and greater earnings potential.

Career Prospects in Accounting and Finance

Upon graduation, you may be qualified for a broad range of career opportunities within the world of finance. Bankers, for example, can advance in rank at their financial institution by completing post-secondary career training.

Personal financial advisors, according to the BLS, are professionals in one of the fastest growing career fields, with a sizzling 37 percent increase in jobs predicted between 2006 and 2016. You can get a foot in the door by completing a finance degree. However, graduates holding a bachelor’s or MBA degree may have the best opportunities in financial advising roles.

Jobs for accountants are expected to rise, especially for those who hold CPA certifications. Most jobs typically require at least a bachelor’s degree, the BLS reports. Many new positions should be in the corporate world where government regulations for strict financial reporting may fuel new hires in accounting roles. Public accountants can also work as tax specialists, preparing forecasts and returns for businesses and private individuals.

Doing the Books

Auditors with two and four-year degrees can find jobs in the public or private sector, as well. Companies and government agencies rely on trained professionals to handle budgets, payroll, and accounts. Taking courses in business, finance, or accounting can give you a great start on mastering key job skills, especially if you enroll in courses covering the latest iterations of accounting, taxation, payroll, and spreadsheet software.

Bookkeepers, auditors, and accounting assistants may also handle invoices, billing, and inventory procedures. Online training programs can bring you up to speed in common, in-demand business skills in quick order. Approximately 21 percent of all working accountants and auditors work in wage jobs for bookkeeping, accounting, tax preparation or payroll processing companies, with another 10 percent working as self-employed professionals.

In the end, completing an education is central to finding success in the financial world. Taking online accounting classes at an accredited school or university or completing a finance degree has never been easier. Online education affords you the chance to mesh school requirements with existing work or family commitments.

Choosing a Finance Degree Program

There are many different finance degree programs available which gives you different types of qualifications. Taking the right program will grant you better access to your dream job. Plus, knowing which program will help you decide on which finance degree schools you can consider. Basically, the type of program that you choose depends on your present education status as well as the career goals you hope to achieve.

In most careers in finance, one will require a minimum of a bachelor’s degree, which is the undergraduate foundational study. With the bachelor’s degree in finance, one will be educated on the use of complex numerical reasoning, detailed analysis, and technological skills. While students with a business or economic bachelor’s degree can also pursue the finance line, having a bachelor in finance specifically focuses on finance, allowing students to access to more in-depth knowledge and skills in that area. This program can take up to four years to complete.

The MBA in finance is a popular choice of a graduate degree to pursue for career advancement into managerial positions. Some might also take this degree so that they will be able to learn other aspects of business as well, allowing them to make use of their available finance skills in those areas. On the other hand, the Master’s degree of finance is a more narrowed degree, focusing on the advanced concepts in finance, and is suitable for those who are keen on specializing in the finance alone.

If you hope to pursue an academic career in teaching finance in university level, you can opt for a PhD in finance. While other degrees are more practical and career-oriented, the doctoral focuses on the more theoretical aspects like financial methods and concepts. During the years of study, you will need to conduct researches on topics that can evolve an industry, like financial modeling or financial management.

Once you have chosen which program that is suitable for you, complete the programs at the finance degree school of your choice, and you are off to a great start of your career.

Accounting and Finance Career Training Options

Accredited schools and colleges are available to provide students with the opportunity to obtain a career in accounting and finance. Students who choose to enroll in an accounting and finance career program can gain the skills needed to pursue a career within a variety of businesses. Accredited educational programs that offer training in this field allow students to study a number of subjects in order to prepare them for the workforce. Coursework may include payroll, technical communication, financial planning, management strategies, and many other related subjects. An education will allow students to find employment in accounting technology, bookkeeping, finance and banking, and much more. Coursework will vary depending on the level of degree and specialization chosen. With an accredited school or college students can enroll in an associates, bachelors, masters, or doctorates degree program.

Undergraduate degree programs include associate and bachelors degrees. Students can obtain a degree at this level from a number of accredited educational programs. With an undergraduate degree program students will be able to learn a variety of skills related to the field of accounting and finance. Coursework at either of theses levels may consist of financial and investment planning, recordkeeping, banking, and many other areas of study. Students will gain the knowledge needed to find employment as financial planners, corporate financial analysts, insurance underwriters, investment bankers, and more. Students can pursue a career in this field at either an associates or bachelors degree level in order to enter the workforce prepared. Further study is possible through a variety of schools and colleges for those looking to earn a masters or doctorates level of degree in accounting and finance.

Graduate level degree training programs let students enter into a career in this field prepared for a number of work related tasks. Students can enroll in a masters or doctorates degree program by contacting various accredited educational programs. A graduate degree can take students two to four years to obtain depending on the level of degree and educational institute. Accounting and finance degree training at this level allows for coursework that may include finance, economics, management, statistics, and much more. With a graduate degree students can pursue careers as internal auditors, loan officers, researchers, assistant controllers, teachers, and other related professionals. Masters and doctorate level degree programs provide students with the opportunity to obtain the skills and knowledge they need to find the career they desire.

Students can enroll with a number of accredited accounting and finance educational programs to earn their degree. Once a degree is obtained students can further their education if needed or desire by enrolling in continuing education courses. By researching and contacting various programs students can request information from the schools or colleges of their choice. With an accredited degree in accounting and finance students will have the necessary training for the career they desire.

Business Acquisition Financing – Beware of Advisors

Business acquisition financing is right up there with your basic root canal. It may be necessary but it most certainly is not fun.

In fact the overall process for acquiring an ongoing business can be a mind sucking affair, very expensive,and in the end unfruitful.

Why is the process so frustrating?

The answer in many cases is the advisors involved.

That’s right, the very people that are paid to complete the deal, are the same ones that kill it.

Let me explain.

All deals have two sides, a buyer and a seller. Both sides have to rely on their third party advisors for advise on such things as legal, valuation, taxation, finance, etc.

Unfortunately, the business acquisition financing issues do not tend to be dealt with in the construction of the purchase and sale agreement, creating sometimes unworkable issues for potential lenders.

When buyers and sellers rely heavily on advisors, there is automatically less chance for the deal to succeed. Why? Because it can be impossible for both sides to agree or reconcile issues between the advisors without great cost and time delays.

The advisors are commissioned by their clients to protect the client’s best interest. But in this process of protection, it can be very difficult to get both sides to agree on all issues as both groups of advisors are coming at each issue from the opposite point of view. The result is a deal between buyer and seller in principal that can’t get closed.

Even when the purchase and sale agreement does get finalized, there may be terms and conditions that are now not acceptable to your source or sources of business acquisition financing.

If the agreement has to be reworked for the lender, this can be the beginning of the end as it may have already taken the powers of heaven and earth to get everything agreed to and signed off the first time. Making revisions can be like opening Pandora’s box with no hope of ever getting it closed again.

If this all sounds bleak and depressing, it certainly can be.

The stark reality is that if you’re going to buy or sell a small business you need to self educate yourself to some degree before you get started.

Here are some points to consider:

>>> Approach the deal on a Win – Win basis. Too often in deal making, one side is trying to pull a fast one on the other and try to come out better that they otherwise would have.

This is a dangerous strategy because no matter what you and the other party agree to in principle, the advisors will weigh in at some point and likely uncover any inequity that was created in the negotiations. Not only does the deal now become more complicated as a new basis for agreement needs to be established, but there may also be distrust forming between the parties, either of which could end up killing the deal.

>>> Be the decision maker. There is nothing wrong with getting advise from advisors when trying to close a deal and arrange business acquisition financing. Just don’t turn all the decision making authority over to the advisors. Take all the counsel as input and then decide for yourself what issues to bend on and which issues are sacred cows.

>>> Select Deal Makers. Make sure that advisors you chose to work with (lawyers, accountants, business consultants) are deal makers not deal breakers. A working definition of a deal maker is simply someone who has a lengthy track record for closing the type of deal you are trying to consummate. These individuals have a combination of the right technical ability, relevant experience, and ego control necessary to truly add value for the money you’re going to have to pay them if the deal closes or not.

>>> Pre-Qualify the business acquisition financing requirements. Make sure that the buyer has the means to acquire financing. The buyer typically needs to have 1/3 to 1/2 the purchase price as a down payment, depending on the industry and the hard assets being acquired. Good credit and a solid net worth can also be requirements for suitable financing. The seller needs to be prepared to work with different financing options before getting too deep into due diligence. Will a vendor take back be required? How long is the vendor willing to assist with the business after sale? How much working capital is the vendor draining out of the business?

>>> Consult with a financing consultant. Whether you’re the buyer or the seller, there is great value to talking the potential deal over with a financing consultant before your accountant and lawyer start running up their tab respective tabs.

From the seller’s point of view, a financing consultant can be invaluable in providing insight as to how to get the business in a financial position. From the buyer’s point of view, a financing consultant can provide guidelines as to lender requirements. In either case, there is no sense going through all the potential aggravation of closing a deal if its unlikely to attract the necessary business acquisition financing capital.

>>> Become blood brothers (or sisters) with the other side. A close working relationship between the buyer and the seller can stop the deal from going down bunny trails and sitting unnecessarily on an advisor’s desk. Always listen to your chosen advisors, but remember that as buyer and seller, its your collective deal, and you’re the one’s who will make or break it when the issues are cloudy and the timelines are dragging on.

>>> Set a realistic time frame. Negotiating the deal, going through due diligence, getting advisor input, writing up the deal, and getting financing in place normally takes more time than first estimated.