Online courses can be full bachelor’s or master’s degrees, foundation programs or focused on specializations. They generally consist of pre-recorded material that the student can work through at their own pace. Some courses run throughout the year and are referred to as on-demand, while others have set start dates and deadlines. The on-demand courses allow you to start as soon as you are ready and have the time. They are also usually more cost-effective than in-person learning as you don’t have as much support or feedback and access to additional resources. Online courses also come in different experience levels, meaning there is always a course suited to your ability. Becoming an accountant usually requires a bachelor’s degree in accounting or finance. To be CPA accredited in the US, you need 150 hours of semester hours of college coursework – that is 30 hours more than a standard four-year degree. Taking additional courses may help you reach that target minimum or help with higher education applications.

Why Should I Complete an Online Accounting Course?

Accounting is forecasted to grow 4% over the next 10 years, making it a safe career choice. While the traditional learning route – bachelor’s degree, master’s degree, work experience, accreditation – is still preferred, online courses can:

Help develop essential accounting skills Provide deeper learning and understanding of the subject Assist with CPA exam preparation Make graduate and postgraduate college applications stand out Help further your career prospects

As technology develops, all industries are looking at ways to innovate their products and services. Therefore, it may be essential for you to take online courses to keep up with changing trends. The latest trend from finance is fintech (financial technology). Top universities worldwide are adding fintech courses and programs to their curriculum, with the majority being online. Equally, online courses help new learners decide what topics interest them and which don’t. There are two types of accountants:

Management accountants Financial accountants

There are four common specialisms:

Tax Insolvency Forensic Audit

Taking an online course may help you decide where and if you want to specialize. Online accounting courses are also useful for those venturing into entrepreneurship. All successful business owners need to have an understanding of finance, especially in the beginning when there is no budget to hire an accountant. If you are considering a career change, then an online course is an excellent introduction to that industry. It also shows potential employers or educational institutions that you are serious about your new career and are willing to put in the time and effort to learn a new craft.

What Should I Look For When Choosing an Online Accounting Course?

When choosing an online accounting course, you might want to consider:

What your goals are – Are you looking for foundation courses to get you started or something more substantial? Do you want to take a course because it is part of your career plan to help you get into college or because you are starting your own business? Who teaches it – Is the course taught by a professor with years of experience, a leading member of an accounting charter or someone who just has an interest in accounting? Is the course associated with a high-ranking business school or university? Whether it is recognized by any governing bodies – Is it recognized by the AICPA, CIMA or CGFM? Does it add any credits to your CPE? The student reviews – What did past students like or not like about the course? The assessment method – Some courses offer multiple-choice exams, while others require a completed capstone project. Do you have enough time to complete a big project or does an exam suit your current situation better? The particulars – What are the costs and additional costs? Do you need to pay extra for course material and a certificate? Is it fully flexible? Do you have access to the tutor, or are questions answered in a forum or group discussion? Additional material – Are print-outs and additional resources freely available or do you need to pay extra for them? Are the videos and PDFs in the curriculum the only available resources?

Top 10 Online Accounting Courses

The following courses vary in price, length and level. They are not bachelor’s or master’s degrees but stepping stones to an accounting career or means to level up your knowledge. The majority are run by reputable universities but do not appear to have any accreditation with accounting professional bodies. However, if you are looking to improve your college application or move into accounting, these courses may help. Before committing to a course, reach out to the tutors to confirm how it will help with your career development. The course was created by Jim and Kay Stice. They are both very well-respected professors who teach accounting at BYU Marriott School of Management. Modules include:

What is accounting Balance sheets Income statement and cash flow Managerial accounting Income taxes

This course is registered with the National Association of State Boards of Accountancy (NASBA) and provides 3.6 Continuing Professional Education (CPE) credits.

The Financial Accounting Fundamentals course is taught by a professor from the Darden School of Business, University of Virginia. It has enrolled over 99,000 students, with 85% giving the course a five-star rating. Reviews state that the course has a good mix of video lessons, case studies and practical exercises. All deadlines are flexible, so it fits into your schedule. The topics covered are:

Financial accounting Balance sheet Recording transactions Income statements Cash flow Financial statement preparation Annual reports Analysis of financial statements

This course is part of the Entrepreneurship: Growing your Business Specialization program. While it does offer accounting fundamentals, it is aimed at small business owners and entrepreneurs.

This course is run by ACCA members and is designed to prepare you for your ACCA Management Information exam. The course covers:

Spreadsheets Recording costs Cost classification and measuring Source documents and coding Nature and purpose of cost and management accounting

The primary purpose of the course is to prepare students for ACCA exams. However, it has also been recommended to those:

Starting a career in accounting Studying business or finance About to launch a start-up

The course is self-paced but recommended study time is around five to six hours per week.

This course is taught by an associate professor from the IESE Business School, University of Navarra. The topics covered are:

Introduction to accounting Income statement Cash flow statements Accrual accounting

Past students have commented that this course is easy to follow and offers lots of practical examples. Nearly 86% gave it a five-star rating. Principles of Financial Accounting is part of two other programs: As both programs are specializations, they come with a hands-on capstone project to demonstrate your understanding. For those considering a career in accounting, the CFO specialization will give a deeper understanding of finances.

Taught by Jim and Kay Stice, this course offers MBA-level information. Part one modules include:

Accounting equations Assets and liabilities Owner’s equity Balance sheet and income statements How financial statements are made Debits and credits Accrual accounting

Part two includes:

Ratio analysis Forecasting Business valuation

This course is recognized by NASBA and offers 5.4 CPE points. Reviews state that the course is well structured and has enjoyable practical exercises and case studies.

This course is ideal for managers and entrepreneurs as it covers:

Understanding financial statements Accounting for business decision making Fundamentals of accounting capstone project

The course is taught by an accounting professor from the University of Illinois. The content taught is in-depth with lots of practical information and examples, making it helpful for CPA exam preparation. For those interested in furthering their learning with an MBA, the University of Illinois offers a competitive iMBA that follows on from this specialization.

This course was created by an award-winning MBA professor. It is the number one best-selling Udemy accounting course and has received great reviews from Business Insider magazine. Modules include:

Income statement analysis Balance sheet analysis Financial modeling – best practices and how to find historical data Valuation – best practices, discontinued cash flow, price to revenue, price to earnings, final target price calculations Assessing financials with formulas

While the course is not accredited with any accounting union or charter, Udemy is widely recognized by companies like Mercedes and Adidas as being reliable and trustworthy.

This course is delivered by the award-winning accounting faculty from Kelley School of Business, Indiana University, and covers 30% of their online Master’s of Science Accounting course. It includes three courses:

Financial reporting Managerial accounting and corporate control Taxes and decision making

After completing this course, you can enroll in the master’s program without needing to sit the GMAT. This course is also ideal for those preparing for their CPA exam. While the MicroMasters course gives you a level of understanding that allows you to quickly get on with your career, it is a long course that can be challenging at times. The assignments and exams have set deadlines, so there is very little flexibility. This course is only recommended for those serious about their accounting career.

This course has been updated for 2021 and is recommended for:

Bookkeepers Accountants Small business owners and entrepreneurs Those wanting to level up in their accounting career

The instructor has an MBA and is an accredited Chief Financial Officer (CFO). This course is self-paced, but you can contact the tutor at any time by sending a help message. Reviews state that the course includes a lot of useful information and is easy to understand but lacks practical examples. Before starting the course, you need an understanding of financial reporting and the basics of accounting. The modules covered include:

Deferred revenue Intercompany transactions Foreign exchange transactions Partnerships Options and warrants Derivatives Consolidating subsidiaries Intangibles Leases

This course is designed to: The program was created by Oxford University Associate Fellow and CFTE co-founder Huy Nguyen Trieu, and includes:

Digitisation of money Digital platforms and mobile financial services Artificial intelligence and algorithm technology in financial services Central bank digital currencies Blockchain and cryptocurrencies Open banking and data networks

The program carries a heavy workload, but it lays the foundations of an excellent fintech knowledge base from an internationally recognized and well-respected institution.

While there is still the perception that traditional in-person learning is better, it is no longer the only route to success. If the course is detailed enough and you put in the effort to learn everything you need, there is no reason why you can’t secure an apprenticeship or accreditation in accountancy. Before investing in a course, make sure:

It is designed for your level of understanding It is run by a respectable tutor or institute It covers the topics you want to learn It suits your schedule