Often obtained through community and technical colleges, applied accounting degrees are best suited to accounting professionals such as bookkeepers, accounting clerks, junior accountants, etc.
Therefore, in our article Learn about applied accounting, we will mention the most important points related to applied accounting.
Definition of accounting
Accounting is recording and tabulating the inputs and operations that represent economic events according to a specific system,
the financial information used mainly by managers, investors, tax authorities and other decision makers,
with the aim of distributing resources within institutions, companies, organizations or the government.
Accounting is based on important principles:
- cost principle
- and matching
- And full disclosure
- and revenue recognition
The importance of accounting is highlighted in:
- small business
- And big projects
As it is used to pay taxes, secure loans, fulfill the conditions of the regulatory authorities, and other uses.
Learn about Applied Accounting Prepared by: CFOONLINE The accredited Al-Baraa Financial Office in Saudi Arabia.
We provide advice and financial advice for free because we have the best financial consultants and expertise in all fields.
We provide advice on applied accounting and accounting advice in accordance with the requirements of international accounting standards IFRS,
accounting entries and preparation of trial balances.
Preparing internal financial statements in accordance with the requirements of international accounting standards IFRS,
accounting supervision of establishment entries, tax and zakat consultations, and other accounting-related issues.
What is applied accounting?
Applied accounting in English means Applied accounting. In our article, get to know applied accounting.
We will explain the concept of applied accounting simply after completing the study of accounting, whether in institutes or universities.
There are those who wish to obtain practical training in accounting before launching into the labor market and companies.
Hence the importance of opening a Bachelor of Applied Accounting program at the University College,
which is characterized by the applied part and simulation of accounting systems,
which prepares the student to integrate into the labor market with high efficiency compared to traditional accounting majors.
Applied Accounting Diploma_Learn about applied accounting
In order to successfully complete the applied accounting degree programs,
students will need to pass a total of 60 credit hours, which includes core accounting courses, along with pre-approved electives.
These choices must align with the individual’s professional interests, goals, and skills in the accounting field.
To clarify, an applied accounting degree is a type of two-year associate degree. Unlike AA (Associate of Arts) and AS (Associate of Science) degrees,
credits earned in an applied associate program are less likely to transfer to another four-year college or university.
So if a student is considered to transfer to a university in order to pursue a bachelor’s degree program,
they usually have an easier transfer process if they complete an AA or AS degree in an accounting program.
It is important to note that these credits are still not transferable if unsatisfactory thesis grades are obtained.
Related articles: Majoring in accounting in Saudi Arabia 2023.
How do you get an accredited applied accounting diploma?
In order to successfully complete the applied accounting degree programs,
students will need to pass a total of 60 credit hours, which includes core accounting courses, along with pre-approved electives.
In general, the number of diploma hours for the two-year program is 66 credit hours as a minimum,
while for the three-year program the minimum number of credit hours is 99 credit hours,
and this varies from one university to another.
It is noteworthy that the number of accounting diploma hours in a Saudi university is 81 credit hours, between compulsory university courses, compulsory specialization courses, and supporting and remedial courses.
Is accounting an applied science?
In our article Learn about Applied Accounting,
it was clarified that accounting is certainly an applied science because it relies on programs and applications that simulate accounting systems,
and the accountant is prepared and taught the applied side until he is ready to work.
Read also: The most important differences between books and accounting records
Professions that can be practiced with an Applied Accounting Diploma
People who hold an accounting diploma can do some professions and businesses, including:
1. Director of Financial Services:
A holder of a diploma in accounting can fill this position, as the position of financial services manager is a supervisory position, and requires him to monitor trends in the workflow, in addition to scheduling shifts to the financial services team.
2. Tax Agent:
It is also known as a tax accountant, and its task is to collect information related to taxes, in addition to the task of submitting reports to tax authorities at various levels,
such as federal, local, or state. It is also the responsibility of the tax agent to provide advice to administrative employees regarding the tax impact of workplace strategies,
such as the company.
3. Accounting Team Supervisor:
His job is to supervise the accounting department and staff, and the accounting team supervisor maintains records and assists other staff with audits.
4. Assistant Chief Financial Officer:
A person who assists his manager with a range of tasks such as overseeing reporting and assisting in the financial management of the company.
5. Accountant:
He is responsible for preparing account entries for assets and liabilities with documentation of financial transactions,
responsible for developing a special system for accounting for finances
and transactions, maintaining accounts, verifying and allocating transactions, and balancing sub-accounts.
6. Other missions:
Those who hold a diploma in accounting can perform periodic audits in addition to preparing customized management reports.
You may also be interested in: Defining financial accounting and the 8 most important principles and functions.
A video explaining the concept of applied accounting:
Interests, goals and professional skills of the individual in the field of accounting
An accountant must have certain qualities and skills, which are as follows:
- The accountant must pay attention to all the details in accounting, as each detail has an impact.
- The accountant must be able to diagnose and correct errors, especially subtle ones, or correct inconsistencies in the accounts of the company.
- The accountant must be able to think rationally, as it helps him a lot in solving the problems he faces.
- The accountant must have skills in mathematics, but with time it has become less important due to the dispensation with the presence of computers, calculators and technology in general.
Basic accounting courses
We, the CFOONLINE team, can provide the best advice in order to choose the courses that suit you
and answer any question when establishing your own companies.
In this article, learn about applied accounting. You should know what the most important basic accounting courses include.
The accounting program is applied to implement accounting treatments so that the trainee himself does practical training on real financial papers
and documents so that they simulate the practical reality of the labor market starting from the design of the chart of accounts and the use of exchange, receipt, entry, daily and posting vouchers
Making monthly trial balances, bank reconciliations, analytical statements (monthly), inventory settlements, final accounts, and preparing lists of financial position and income (at the end of the financial period).
This is an example of an accounting course program.
You may also be interested in: Ready-made financial statement templates, everything related to the financial statements.
Who should enroll in accounting courses?
- College graduates who need additional courses in an accounting subject to meet the educational requirements for the CPA exam.
- Accounting and Finance Managers.
- Budget and financial analysts.
- Internal auditors.
- Professionals considering taking the CPA exam.
- Anyone planning to pursue a career in accounting.
What are the accounting diploma courses?
Accounting Diploma Courses PDF
You can get it from the link. Thus, in our article, get to know applied accounting.
We have provided you with the most important points related to applied accounting and the jobs available after graduation.
The accredited Al-Baraa Financial Office is your guide in the world of accounting.
Applied Accounting Diploma, King Khalid University
The Accounting Diploma at King Khalid University allows female students to register as well, not just male students.
Study costs 9000 riyals are paid for one academic year.
Diploma Accreditation: It is a classified diploma from the Ministry of Civil Service.
Most important sources: en.wikipedia.org.
