Calgary is a busy city in Alberta and this demands the skills of several professionals. Little wonder why businesses continue to thrive in the city due to the abundant supply of professionals such as that of chartered accountants. Therefore, many students (both local and international) consider the city as a great place to learn a variety of skills.
Why You Should Become an Accountant in Calgary
Wouldn't you like to know how Canada taxpayers' funds are utilized? Well, that may sound interesting, and it all revolves around accounting. There are so many reasons to choose this reputable profession among the plethora of skills in Calgary.
First of all, irrespective of your profession, you need to have relevant business skills and understand data interpretation to an extent before you can decide on gearing off into entrepreneurship. What if you eventually own a private business, you will need relevant accounting skills to scale through and prepare your budget adequately. This is why many business owners prefer to learn the fundamentals of accounting to enable them to manage their businesses effectively.
Calgary is home to a vast number of institutions offering accounting courses at all levels. So if you decide to learn this skill, be assured that you will never be devoid of resources and professional tutors to guide you, students who choose this career path never have any reason to regret their decision.
How Long is an Accounting Course?
All accounting courses are not of the same length or duration. However, the time it takes to complete one depends on whether you are taking offline or online courses. If you enroll for accounting courses Calgary in a college or university, the duration will be based on the school's calendar, which usually does not exceed three months.
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However, online accounting courses are more detailed and shorter in length. This is because the tutors teach the key points, which may not include many activities that characterises many offline classes. Such activities include group teachings and studying or asking questions in a class that may be answered by another student.
Most students get worked up when they consider taking courses as they think it will be a time-consuming activity like going to school all over again. Contrary to this idea, the majority of the online courses take an average of four hours each day, and you can finish a course within a few days or weeks if rapt attention is paid to the course.
Four hours is a little time each day to acquire a high level of accounting skill that will enhance your efficiency and boost your knowledge in accounting. What you will learn from each course include but are not limited to the use of invoices, receipts, purchase bills, payment, management of cash, management of staff wages, bank transactions, and the buying of assets.
In all, most online classes span through a period of 6 to 8 weeks. And if you hire a professional accounting tutor Calgary, the duration may be longer or shorter depending on how fast you learn the concepts taught in the course. Here are some examples of core accounting courses you may want to consider.
Introduction to Computer Applications and Systems
With a complete mastery over this course, accounting students will be dynamic enough to catch up on the next level of tools and skills that will enable them get their work done efficiently. The knowledge of basic computer applications is relevant at the introductory stage of an accounting program. Such a skill will guide the student throughout the program. Examples of these computer programs include database, spreadsheet, word processing, and presentation software.
Students that want to focus on the extensive use of advanced technology in accounting or taxation are also expected to take this course. Since it will help them to be better positioned in their career.
Fundamentals of Financial Accounting
The principles of accounting are fundamental and required of any professional accountant. This course covers the basics of financial accounting in a broader sense. After a successful completion, the student should have a broader perspective on how to apply these concepts to real-life situations. This skill is what most business managers and analysts adopt in their respective roles within an organization.
Intermediate Financial Accounting I, II, III
This course is a three-part course that not peculiar to any level of experience or expertise in accounting. Any skill level in accounting can take this course because the gateway to accountancy is through mastery of this course. It is also of high significance to anyone interested in learning accounting skills for business purposes.
The course teaches the core strategy in accounting. It will also equip you with the skill to manage micro finances such as small and medium scale businesses. The financial intelligence required to make business decisions is learned from this course as well. Managing the digital tools required in financial accounting such as QuickBooks, and Excel is not left out in the body of the course. Such skills set you apart from other students and increase your value as an accountant overtime in Calgary. The accounting protocols and basic concepts in auditing will become second nature to you after taking this course.
Introduction to Financial Accounting II
The course teaches how to apply the basic concepts in financial accounting to business scenarios in a broader sense. You will learn how to record a variety of financial transactions for different types of businesses, including how to prepare government accounts.
Bookkeepers who need a ground zero knowledge of cash flow and balance sheets can also take this course. Other introductory concepts that include distinctively identifying cash and profit, gross and net income, and how to prepare cash flow statements and other documents are taught in this course as well. Find more accounting courses in Montreal.
Contemporary Business law
This course reviews the various organizational settings that exist in the multiple provinces of Canada. It explains the Canadian legal system, its laws as it relates to business operations and financial transactions.
You will also learn the regulatory framework guiding each type of transaction and how every business ought to operate in the real sense.
The course also deals extensively on how business disputes and error in transactions should be resolved within the legal framework of the profession. It is more suitable for lawyers, tax officers and any other person that wants to understand the laws that affect business operations across the country. Find suitable institutions in Ottawa.
However, it's not elective if you undergo a diploma or degree program in any institution in Calgary.
Effective communication is essential for organizations since they deal with people and resources. Accounting is the pillar of every business, and as such, students who want to become professionals in the field must master the elements of excellent communication.
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This is one of the few accounting courses that will help you learn the essence of effective communication in the business environment. Students are exposed to business communication ethics, protocols, and how to develop critical thinking in an organisation. The significance of professional competence is also taught in details. And by the end of the course, you must have learned the basics of information usage, collaboration, effective communication, and professional competence.
The Various Degree Levels in Accounting
In the world of accounting, every degree level opens the door to yet another opportunity for career growth and personal development. The possibilities are endless. If you are currently taking courses with an accounting tutor, you might be wondering what skill level in accounting will be appropriate for your chosen career goals. Below are the various degree levels in accounting.
- Associate degree
- Bachelor's degree
- Master's degree
Let's talk more about their unique differences and how they can help you meet your career goals.
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Associate Degree Programs
Many students consider this as the fastest route to take in their accounting career. This is devoid of the traditional Bachelors degree programs and students are only mandated to take one or two-year courses in accounting. Most accounting professional bodies in Calgary do not require a bachelor's degree to take their exams. In all, students can qualify for several entry-level positions after obtaining this qualification.
Bachelor's Degree Programs
Accounting courses Calgary in a typical bachelor degree program vary from one institution to another. But the majority of these courses entails the following.
- Auditing and taxation courses
- Financial and intermediate accounting courses
- General management and business courses
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Master's Degree Program
The courses in this program will prepare you for the CPA exam as well as a broader range of administrative and management roles in an organization. Majority of students with a Bachelor degree in accounting may decide to pursue the Master in accounting program (MAcc) or the Master of Business Administration (MBA).
However, completing these accounting courses is not just enough. According to the Chartered Institute of Management Accountants (CIMA), students pursuing a career in accounting must be ready to abide by the ethics and standards guiding the profession. It's also important to know that irrespective of the challenges you face during your studies, you can easily overcome them when you hire accounting tutors from Superprof.
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