Monday, September 21, 2009

Diploma Programs in Accounting

If you want to make a career in the field of accounting, then a Diploma in Accounting program can certainly help you begin. You can gain an entry in the field of accounting and even pursue other accounting diploma degrees to chart your career growth in this exciting field.

As an Accountant you will perform a variety of tasks within an organization. You will be involved in the preparation of bills, vouchers, keeping journal entries, maintaining a record of accounts payables and account receivables, and also keeping accurate records of the different clients and vendors of your company.

With a Diploma in Accounting, you will gain an in-depth understanding of complex topics such as financial accounting, financial management, capital cost, capital structure, investment valuation, capital budgeting, dividend policy, mergers and acquisitions, consolidation, planning and control, working capital management, long term sources of funds, short term and intermediate financing, flexible budgets, variance analysis, financial analysis, cost management and statistical analysis to name a few. You will be involved in conducting internal audits of your company's accounts, and provide audit reports while adhering to different audit standards, procedures and methods.

Your Diploma in Accounting program will therefore include subjects such as Management Accounting, Auditing, Financial Accounting, Financial Analysis, International Finance, Forensic Accounting, and Managerial Finance. The accounting diploma degree course generally lasts for about 2 years. You will also benefit from having basic working knowledge of computers since most organizations use computers to maintain their accounts and such other financial transaction records. With your knowledge of computers, you will also be able to post transactions onto in-house journals and databases.

After completing the Diploma in Accounting program, you will be able to begin working in entry level positions as Accounts Receivable Clerks, Accounts Payable Clerks, and as Bookkeepers in small business organization. After completing the Diploma in Accounting program, you can start out with an annual salary of approximately $28,000.

Of course, if you want to increase your career prospects further, you will have to go on and take a Bachelors and subsequently a Masters Degree in Accounting. With these qualifications, added by a Certified Public Accountant certification, you will be able to even launch your career as a CPA and start your own independent consultancy practice.

Thus, a Diploma in Accounting program will prepare you for a career in the field of accounting and help you take the first step towards launching a career as an Accountant.

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