Stricter regulation in the financial sector is creating demand for educated and tech-savvy accounting services, opening up more opportunities for accounting clerks. The US Bureau of Labor Statistics projects that employment of bookkeeping, accounting, and auditing clerks will increase 11 percent by 2022. The Diploma in Financial Accounting reinforces the core concepts and principles of financial accounting and reporting. In addition, it introduces related disciplines, such as auditing, forensic accounting, financial planning, and taxation.
A fundamental knowledge of accounting, as provided by this program, is the prerequisite for further study or a career in finance. The curriculum provides a foundation in essential accounting principles and practices. Courses are taught by instructors with professional credentials and careers in accounting, taxation, and fraud examination. Course content for the Diploma in Financial Accounting has practical application in a variety of fields, from tax accounting to nonprofit and government accounting.
The Diploma in Financial Accounting is ideal for individuals new to the accounting profession. It is also useful for midlevel professionals looking to stay ahead of the competition to advance their careers or increase their earning potential. The curriculum comprises four required courses, totaling 180 hours of instruction, which includes relevant coursework for those considering CMA, CIA®, and CFA certifications.
Upon completion of the program, students will have attained a solid working knowledge of:
- Key elements of generally accepted accounting principles (GAAP) and their application in real-world situations
- Financial transaction recording and preparation of balance sheets, income statements, and statements of cash flow
- Accounting for asset, liability, equity, revenue, and expense accounts that comprise the balance sheet and income statement
- Financial ratios and other techniques used to analyze financial statements
- Concepts and principles in related accounting and finance fields, such as auditing, budgeting, taxation, and financial planning
Schedule and Format
- Four noncredit courses
- On average, students take two courses per semester, fall/spring/summer
- The Diploma must be completed within two years
The Diploma is awarded to students who successfully complete the four required courses within two years.
For additional information, or if you have any questions, please contact the Division of Programs in Business at firstname.lastname@example.org.
Must be completed within
You'll Walk Away With
- The capacity to analyze and prepare financial statements
- The ability to employ critical thinking skills to analyze financial data
- The skills to communicate accounting data effectively and to provide knowledgeable recommendations
- The ability to apply cost accounting methods to evaluate and project business performance
- An understanding of the taxation of individual income