Accounting and Related Services: Program Overview, Universities, Careers & Salaries

Program Overview

Accounting and Related Services encompasses a broad range of academic and professional training focused on financial record-keeping, analysis, reporting, and compliance. This program prepares individuals to interpret, manage, and communicate financial information within diverse organizational contexts, supporting strategic decision-making and regulatory adherence.

• Financial Accounting: The systematic process of recording, summarizing, and reporting financial transactions to external stakeholders, ensuring transparency and compliance with standardized frameworks like GAAP or IFRS.
• Managerial Accounting: The development and use of financial data to support internal planning, performance evaluation, and operational decision-making within organizations.
• Cost Accounting: A specialized area focused on tracking, analyzing, and controlling costs associated with production, services, and business operations to improve efficiency and profitability.
• Taxation: The study and application of federal, state, and local tax laws, including compliance, planning, and reporting for individuals and entities across various business structures.
• Auditing: The independent examination of financial statements and records to verify accuracy, fairness, and adherence to accounting standards and legal requirements.
• Accounting Information Systems: The integration of technology and accounting processes to collect, store, process, and report financial data efficiently and securely.
• Government and Nonprofit Accounting: Specialized accounting practices tailored to public sector entities and nonprofit organizations, emphasizing fund accounting, budgetary control, and compliance with unique regulatory standards.
• Ethics and Professional Standards: The exploration of ethical principles, governance frameworks, and professional conduct expected of accountants, including adherence to codes from bodies like the AICPA or CPA.