Businesses need to keep their finances in good condition all the time and financial accountants play a vital role in this aspect. A sound financial plan is crucial to keep any organization’s assets afloat.
People interested in this position should first arm themselves with the appropriate college education. Rasmussen College provides an Associate of Applied Science in Accounting with focus on Financial Accounting program. It focuses on subjects such as general taxation concepts, electronic database management and relationship management with the IRS. Students will also be taught on business auditing and the right bookkeeping techniques.
Specific courses include payroll accounting, intermediate accounting and business law. Under payroll accounting, students will learn the skills in computing and paying salaries, social security taxes and benefits, insurance and taxes for those employed by the federal and state government as well as payroll accounting systems. On the other hand, intermediate accounting covers financial statements, cash and temporary assets, receivables, inventories, current liabilities, income tax procedures as well as the process of acquiring, using and retiring long-term plant assets.
The forecast for accounting jobs continues to be very positive. In the U.S., the number of accountants is expected to reach almost 1.5 million by the year 2016. This is based on the occupational employment statistics provided by the U.S. Bureau of Labor Statistics.
Students of Rasmussen College are fortunate to avail of a career placement service at the institution. Participants of this associate degree program, for instance, can get help with writing their resume, cover letter and learn interviewing techniques even before they graduate.