Accounting is such a vast subject, and a lot of people who want to study it in college have already taken business studies up to junior cert and then accounting for the leaving cert. The next question is whether you want to sample a QQI course or go straight on for a Bachelor's degree.
Whichever option you choose, the qualification level and college options are bountiful and in this article, we will explore some of the avenues available to you.
"Don't ever let your business get ahead of the financial side of your business. Accounting, accounting, accounting. Know your numbers."
- Tilman J. Fertitta
Studying Accounting and Business at QQI Level College
A lot of people will start off by studying Business, Economics or eBusiness QQI Level 5, which is usually a short course of 3 to 6 months and give your foundation into the running of the business and basic things like budgets and balance sheets as well as all the technical terms and some introduction to law when it comes to running a business either online or in person.
From this, you can move on to a QQI Level 6 course.
This will allow you to gain a qualification which will provide you with a good accreditation to work as part of the business in the accountancy team depending on which of the following you pick.
- Purchasing and Procurement Course - Purchasing is a vital and value-adding activity in any organisation, leading to the need to understand its importance and the value it can bring to an organisation.
- Finance Course - Finance module is designed to provide the learner with the understanding, knowledge and practical skills required to understand the basics of finance and how money works. By the end horse learners will be able to understand Financial Statements, Budgeting and Cashflow Management, Costing & Pricing and Capital Budgeting.
- Business Management and Advanced Bookkeeping Course - This course is designed for those who would like to work in a supervisory role in a business. The bookkeeping course builds upon previously acquired skills to increase our student’s management ability.
- Fundamentals of Accounting and Finance (DBS Online Diploma) - The Online Diploma in Fundamentals of Accounting and Finance is run wholly online and provides students with introductory knowledge to four key finance and accounting areas. These are Finance management, Financial accounting (including Sage), Management Accounting and Business management and administration.
When you qualify with a QQI level 6 you are giving yourself the opportunity to earn an average of €36k Basic salary per year according to Indeed.
Different Types of Bachelors Degree (BSc) in Accounting
Why study for a bachelor's Degree (BSc) in Accounting
A BSc in Accounting is a distinctive broad business degree. It is unique in that it prepares students for a career in business and finance and for the pursuit of a professional accounting qualification, to further enhance career progression in the business. One more reason, according to 'payscale' the average person with this qualification in Ireland earns €45,969 per annum.
Bachelor of Business in Accounting - The Bachelor of Business in Accounting programme provides foundation education in the quantitative, computational and analytical skills required in the world of business and accounting. Students learn about the role and operation of accounting in a range of contexts. All major accountancy disciplines are covered including financial and cost accounting, management accounting, auditing and taxation.
BA (Hons) Accounting & Finance - On completion of this programme, graduates will be able to effectively demonstrate the following attributes:
- Core accountancy (financial and management) practices and skills;
- Fundamental financial decision-making techniques
- Knowledge and awareness of a variety of business organizations;
- Numerical and quantitative skills;
- Problem-solving and analytical ability;
- Excellent oral and written communication skills;
- Entrepreneurial and innovative instincts;
- Capacity for further studies
Different Courses Available to Achieve a Masters MSc in Accounting
Why study for a Master's Degree in Accounting?
A master's degree in accounting can lead to higher-level positions with higher-paying salaries. With a master's degree in accounting, you'll be prepared to advance to management and leadership positions. To make this degree even more appealing, the average take-home wage for someone with a master's degree in accounting in Ireland is currently €51,872 per annum.
- Master of Science (MSc) International Accounting & Finance - Overall, the programme aims to create in learners, a critical understanding of international accountancy and finance issues, developing learners’ understanding of the demands of the changing environment through up-to-date and in-depth knowledge of the core and subfields of international accountancy and finance whilst also providing valuable and necessary practical skills in this field.
- Master of Science (MSc) in Financial Technology - This programme comprises core modules in Quantitative Financial Modelling, FinTech Regulation, Information and Cybersecurity Management, Distributed Ledger and Asset Tokenisation, Data Analytics and Machine Learning, Applied Financial Analysis and Research Methods one and two.
- Master of Science (MSc.) in Financial Analytics - The overall aim of the programme is to produce graduates with strong proficiencies in the application of financial analytics in a contemporary and evolving data-driven environment, while also enhancing practical and technical skills.
Graduates of accounting and finance have the potential to earn a high salary. Of course, money shouldn't be the sole reason for choosing a career in accounting and finance (but it does help!).
The accounting field also offers a wide range of career options from auditing, tax accounting and cost accounting to managerial accounting with several professional certifications for each.
There are also opportunities in public accounting, government agencies or corporations most accounting positions include a lot of travelling too, whether it's national or international chances are you'll get to see many places with a career in this field.
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