What to Learn After Accounting

Accounting involves recording financial transactions for a business and presenting these transactions in reports. Those who already know how to use accounting may want to consider learning related skills, such as corporate finance, general math skills, and data entry management. 

What is Accounting?

Accounting involves recording financial transactions and storing and presenting the results in different reports or analyses. It provides proper insight into a company’s financial health. Different accounting types include financial, management, and tax accounting. Employing Accountants is necessary for every company. 

Experts Accountants are crucial to a company’s reliable decision-making, predictable cost planning, and accurate measurement of economic performance. In small businesses, accounting may be handled by a bookkeeper or an accountant, some of which work part-time for several companies. Larger companies may have entire finance departments. 

Learn more about accounting, why you should learn it, and possible careers through Noble’s comprehensive guide. 

What Can You Do with Accounting?

Accounting can be a challenging but enjoyable field of study. Individuals can use their skills to start a business or improve their lives outside work. Generally, accounting courses provide valuable knowledge on managing a budget and expenses effectively. 

By completing accounting courses, individuals learn a broad range of topics. Beginner-level accounting courses cover tax returns, financial statements, and computer applications like Microsoft Excel. Advanced courses may dive deeper into financial analysis and presentation, auditing, fraud examination, and international accounting. The more courses an individual completes, the more options the same individual has. Each course opens doors to different career paths. Possible roles for those who have taken some accounting classes include an auditing clerk or an accounting assistant. 

Students who complete full accounting degrees may take advantage of international opportunities. Individuals who wish to work abroad can easily find jobs overseas, as most accounting principles are not specific to one region. Good recommendations for career advancements and can be used as stepping-stones for other degrees. There are several opportunities to volunteer for large organizations, as they constantly need more Accountants. Individuals can even use their degrees to further their education towards other topics, such as law. 

Corporate Finance 

Corporate finance deals with day-to-day business operations and long-term financing goals. It involves strategies, tools, and structures that allow companies to grow into powerful enterprises. Corporate finance is essential to all managers, as it helps them to focus on long-term success and use tactical management tools for short-term goals. Tasks of a corporate finance division may include investing, stationing long-term capital, and determining if the company should go ahead and how it should invest. Noble Desktop offers a variety of online finance classes to support corporate finance skills.

Math Skills

Although math is not the primary skill needed in accounting, basic math formulas are important. Individuals should have a working knowledge of arithmetic and a small amount of basic algebra. Accounting is a math-intensive area of business, but the work accountants do very different from that of mathematicians. Math skills are needed to compute and prepare tax returns and handle financial reporting. The type of accounting degree an individual earns determines how much math will be utilized. Undergraduate degrees vary in the number of math skills that are utilized. A Bachelor of Accounting degree focuses more on foundational concepts of accounting. In contrast, a Bachelor of Science in Accounting degree focuses on technical accounting and analytics and is more likely to require more advanced mathematical skills. 

Data Entry Management

Data entry can be time-consuming and expensive. It is an absolute must for businesses, no matter their size. Data entry allows companies to understand their financial status, and the reports produced from data entry provide insight into a company’s funds. Specific skills required for data entry enable individuals to be effective. Individuals must have technical skills, such as typing, computer literacy, Microsoft Excel, and QuickBooks. Soft skills, such as self-motivation, time management, communication, and organization, are also necessary. Noble Desktop offers Excel classes, such as Excel Level I: Fundamentals, through which individuals can master basic Excel skills. 

Key Insights

• Those who have learned accounting may want to consider learning related skills like corporate finance, math, and data entry management. 
• Corporate finance is essential to managers and allows them to focus on long-term success and use tactical management tools for short-term goals. 
• The type of accounting degree an individual earns determines how much math will be utilized. 
• A Bachelor of Accounting degree focuses on foundational concepts. In contrast, a Bachelor of Science in Accounting degree focuses on technical accounting analytics and is more likely to require more advanced mathematics. 
• Data entry is necessary for every business, no matter its size. Individuals must have technical and soft skills to succeed in data entry. 

Learn Accounting with Hands-on Training at Noble Desktop

Individuals can learn accounting through finance classes with hands-on training at Noble Desktop. Finance courses boast small class sizes, expert instructors, and free retakes. Noble’s Financial Analyst Training Program teaches excel and critical financial and corporate finance options. Individuals gain basic and intermediate skills in Excel while learning to build a comprehensive valuation model for a public company. Critical concepts taught include advanced Excel for financial modeling and accounting, corporate finance, and valuation. 

Noble also offers Intro to Financial Accounting, through which individuals master the fundamentals of financial accounting and begin taking the next steps in accounting or finance. Enrollees see real-life examples and go through real 10-K’s to better understand how accounting concepts apply to large companies such as Facebook, Amazon, and Apple.