A Guide to Earning an Associate Degree in Accounting (2024)

Accounting Education and Career Guide

  • Overview
  • Degrees
  • Associate Degree in Accounting
  • Bachelor's Degree in Accounting
  • Master's in Accounting
  • Accounting MBA
  • Job Description
  • Salaries

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A Guide to Earning an Associate Degree in Accounting (1)

An associate degree in accounting can lead to jobs working with financial records, financial data, and business transactions. These roles can be found in government, nonprofit organizations, and businesses.

In this Article

  • Associate Degrees in Accounting
  • Certification
  • What You Can Do with an Associate Degree
  • Advancing Your Education

What Is an Associate's in Accounting?

An associate degree is the lowest accounting degree in this field. It offers a broad view of the profession, and is the quickest path to entering the field. Earning your associate degree can be a good way to gain an entry-level position, especially for those who want to work in the field as they pursue a bachelor's degree.

Earning an associate degree is "a good choice for anybody at any age," says Angel Chatterton, senior instructor in Accountancy at the University of Illinois Urbana-Champaign.

Many people will get their associate degree at a community college where "you can go at your own pace, and at a pace that's reasonably priced. I'm a big fan of that," Chatterton says. "I think it's a really good experience. It's a good place to start if you're a little nervous, or the cost-point is a little high for you at a four-year college."

Types of Accounting Associate Degrees

Several different options are available for an associate degree in accounting, each with a different focus and coursework.

Associate of Arts in Accounting: An associate of arts (AA) in accounting can be earned at many schools.You'll study business strategies, tax laws, financial planning, and ethical issues surrounding finance and banking.Since this is a liberal arts degree, your general education courses may include social sciences, English, and history.

An Associate of Applied Science (AAS) in Accounting: An associate of applied science (AAS) in accounting will cover basic accounting principles, as well as analytic skills and problem-solving. You may also study math, payroll, and tax law. Other business topics, such as business law, business administration, and business communications, are often covered, too.

Associate of Science (AS) in Accounting: An associate of science (AS) degree in accounting will give you a business- and technology-focused education. In these programs, you'll study management techniques, business strategies, and financial planning. You might also study subjects like marketing, payroll, and business ethics.

Degree Prerequisites

To be accepted in an associate degree program, most schools will require that you have a high school diploma or a GED. Some schools may also require you to have high school math or algebra, while others allow students to take these classes concurrently with your program's coursework.

Other requirements can include:

  • A high school grade point average of at least 2.0
  • Scores from the ACT or SAT test

Associate in Accounting Curriculum

Associate degrees are designed to give you practical knowledge in a condensed time frame so you can begin your career sooner. The curriculum at most schools will be fairly structured to ensure students achieve learning goals, although there may be opportunities for a few elective courses.

Your coursework will likely include classes such as:

  • Accounting principles
  • Business law
  • Business math
  • Cost and managerial accounting
  • Payroll systems
  • Income tax accounting
  • Financial accounting

Associate degrees are designed to give you practical knowledge in a condensed time frame so you can begin your career sooner.

Accounting Internships

Internships generally are not required for associate degrees. However, you may want to pursue one if your program helps students find internships. You can gain valuable experience and contacts through an internship, and some interns are offered full-time positions after graduation.

Program Length

Usually, you'll need about 60 credits to earn an associate degree or about half of what is required for a bachelor's degree. That translates to two years of full-time school, although there are some accelerated programs available.

Students who need more flexibility due to work or other obligations have numerous options for part-time studies. Many programs, especially online, offer flexible starting dates and the ability to set your own pace.

Certification

There are no professional certifications in accounting for those with an associate degree. However, if you want to demonstrate a greater level of knowledge after earning your associate degree, you can pursue a certification in associated professional fields. These designations show you have expertise in the field, and may boost your job prospects and earning potential.

Examples of these credentials include:

If you want to demonstrate deeper knowledge after earning your associate degree, you can pursue a certification in associated professional fields.

What Can You Do with an Associate Degree?

With an associate in accounting, you'll be qualified for a number of entry-level jobs, including:

  • Accounts receivable clerk
  • Accounting assistant
  • Billing clerk
  • Bookkeeper
  • Payroll clerk

Advancing Your Education

An associate degree may just be the beginning of your education. If you want to become a certified public accountant (CPA), certified management accountant (CMA), or forensic accountant, you'll want to consider pursuing and bachelor's degree. And if you want to pursue an accounting role at the highest levels of the profession, a master's in accounting could help get you there.

Professionals who want to branch out into other areas of business or become leaders or executives may want to pursue a Master of Business Administration (MBA) degree.

A Guide to Earning an Associate Degree in Accounting (2)

Written and reported by:

M.J. Grenzow

Contributing Writer

A Guide to Earning an Associate Degree in Accounting (3)

With professional insights from:

Angel Chatterton

Senior Lecturer of Accountancy, University of Illinois Urbana-Champaign

A Guide to Earning an Associate Degree in Accounting (2024)

FAQs

Is an associate's degree enough for accounting? ›

You can qualify to work as an accountant with a two-year associate degree or a four-year bachelor's degree. With an associate degree in accounting, you'll take core accounting, business, and communications courses.

How difficult is a degree in accounting? ›

Earning a degree in accounting can be challenging due to the complex nature of the subject matter, however it is not necessarily categorized as math-heavy. Students who are dedicated, diligent, and hard-working can successfully earn an accounting degree.

What is an associate's degree in accounting called? ›

An Associate of Applied Science (AAS) in Accounting: An associate of applied science (AAS) in accounting will cover basic accounting principles, as well as analytic skills and problem-solving. You may also study math, payroll, and tax law.

Can you be successful with an associate's degree? ›

There are many fields where an associate degree is worthwhile. The best choices are those where the Associate of Science degree is the terminal degree in the field. Physical Therapist Assistant and Registered Nurse degrees are good examples of this.

Is an accounting degree worth it without CPA? ›

“For those more advanced roles, a degree in accounting or finance is often preferred.” But a proven track record can outweigh even the CPA credential. “I've seen senior accountants without CPAs who have 10 years of experience move into accounting manager and controller level roles,” says Campman.

Is it OK to just have an associate's degree? ›

Depending on your field, an associate degree may help you meet the minimum requirement for many jobs, but actually landing a job takes more than that. With an associate degree in hand, you may also want to consider advancing to the next college degree level.

Is accounting hard if you're bad at math? ›

Expertise in mathematics is not required to succeed as a bookkeeper or an accountant. What is needed, however, is the confidence and ability to be able to add, subtract, multiply, divide as well as use decimals, fractions and percentages.

Is accounting a lot of math? ›

A solid mathematical foundation is vital for succeeding in the field of accounting. From basic arithmetic to advanced mathematical concepts like algebra and statistics, accountants must be comfortable working with numbers and analysing financial data.

Is it easy to pass accounting? ›

The overall CPA Exam pass rates hover slightly below 50%. This makes passing the CPA Exam a difficult, but achievable, goal. You'll need to study wisely, set a strategy for managing your time, and call on your support network, but with the right plan and good study materials, you will conquer it.

What degree is best for accounting? ›

Most accounting jobs — even entry-level roles — require a relevant degree. An associate degree in accounting provides a helpful starting point for a career. Moving up the career ladder into higher-level roles, like accounting managers or firm partners, often requires a bachelor's or master's degree.

What level is accounting associate? ›

An Accounting Associate is an entry-to-mid-level finance role crucial in maintaining an organization's financial health. This professional performs various tasks under the supervision of an accountant or a finance manager. They are proficient in accounting principles, financial reporting systems, and related software.

How long is an accounting course? ›

The length of time it will take you to receive your degree can vary, and the total time will depend on a number of factors, including how many credit hours you've already completed as well as the course of studies you intend to follow. In general, it takes four years of study to earn a degree in accounting.

Can you make 6 figures with an associate's degree? ›

While the answer to this question will of course depend on a number of factors, including where you live, where you work, and what job you're interested in, it's entirely possible to make over six figures with certain associate's degrees.

What 2 year degree pays the most? ›

The Highest-Paying Jobs You Can Get With an Associate Degree
  • Radiation Therapist. ...
  • Nuclear Medicine Technologist. ...
  • Dental Hygienist. ...
  • Diagnostic Medical Sonographer. ...
  • Magnetic Resonance Imaging Technologist. ...
  • Avionics Technician. ...
  • Aerospace Engineering and Operations Technologist and Technician. ...
  • Funeral Home Manager.
Nov 21, 2023

What are the disadvantages of an associate's degree? ›

Disadvantages of an Associate Degree

Lee says community colleges "in general have less prestige, less degree options, so you have less earning potential and definitely you have a lower ceiling for managerial positions. It's like an elevating list – the higher degree you have, the more earning potential you have."

What degree do most accounting jobs require? ›

Accountants can work in many different types of roles, from clerical positions to executive levels, and can also work in various industries. To advance in this career, you typically need a bachelor's degree and CPA licensure. The median annual salary for accountants was $78,000 as of May 2022, according to the BLS.

What is a good degree to pair with an accounting degree? ›

5 Double Majors That Complement an Accounting Degree
  • Business Administration. With a double major in business administration, you can delve deeper into the world of ethics, law, marketing, and even communication that all businesses thrive on. ...
  • Computer Information Systems. ...
  • Economics. ...
  • Education. ...
  • Finance.

Is an associates degree in business enough? ›

An associate degree opens up a lot of job opportunities, because it covers most of the skills that employers look for when hiring new business employees. These include basic skills in accounting and finance, statistics, computer applications, management, decision-making, and organizational skills.

What is the difference between accounting AA and as? ›

Whereas in the A.A. track students are given more freedom in their electives, in the A.S. track students are required to complete a specific set of computer science and business accounting classes such as: Computerized accounting. Income tax accounting. Managerial accounting.

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