Learn Accounting

A Comprehensive Guide to Start Learning Accounting

Accounting is considered a popular major, and the demand for accountants is growing. It involves recording financial transactions and is necessary for decision-making and cost planning. Businesses use accounting to reflect on their financial positions and plan future tasks accordingly. Future projections can ensure a company's success, making a well-structured accounting process vital.

Dive into the world of accounting, learning everything from the basic principles to the career paths that can open up for you. Discover how accounting can enhance your career, the various ways to learn it, and the salaries for different accounting positions.

Key Insights

  • Accounting, which involves recording financial transactions and presenting the results in various reports, is crucial to a company's financial health and decision-making.
  • Careers that commonly use accounting skills include Data Scientists, Financial Analysts, Financial Advisors, and Budget Analysts.
  • Noble Desktop offers a variety of resources for learning accounting, including live online classes, self-paced classes, free seminars, and YouTube tutorials.
  • Salaries for different accounting positions can range significantly. For instance, the cost of each accounting class may range from $253 to $1,263.
  • Skills related to accounting, such as finance, data analytics, data science, and financial technology (Fintech), can greatly enhance your understanding and application of accounting principles.
  • Free, beginner-level accounting courses are available online and can provide a valuable overview of basic accounting principles.

Accounting is a popular major, and the demand for accountants is growing. It involves recording financial transactions, and businesses use it to reflect on their financial positions and plan future tasks. If you’ve always wanted to learn accounting but can’t figure out how to get started, this guide is for you. Here, you’ll learn more about the various ways to learn accounting, free resources to take advantage of, and the careers that commonly use accounting. 

What is Accounting?

Accounting involves recording financial transactions and storing and presenting the results in different reports or analyses. It provides proper insight into a company’s financial health. Different accounting types include financial, management, and tax accounting. Employing Accountants is necessary for every company. 

Experts Accountants are crucial to a company’s reliable decision-making, predictable cost planning, and accurate measurement of economic performance. In small businesses, accounting may be handled by a bookkeeper or an accountant, some of which work part-time for several companies. Larger companies may have entire finance departments. 

Learn more about accounting, why you should learn it, and possible careers through Noble’s comprehensive guide

What Can You Do with Accounting?

Accounting can be a challenging but enjoyable field of study. Individuals can use their skills to start a business or improve their lives outside work. Generally, accounting courses provide valuable knowledge on managing a budget and expenses effectively. 

By completing accounting courses, individuals learn a broad range of topics. Beginner-level accounting courses cover tax returns, financial statements, and computer applications like Microsoft Excel. Advanced courses may dive deeper into financial analysis and presentation, auditing, fraud examination, and international accounting. The more courses an individual completes, the more options the same individual has. Each course opens doors to different career paths. Possible roles for those who have taken some accounting classes include an auditing clerk or an accounting assistant. 

Students who complete full accounting degrees may take advantage of international opportunities. Individuals who wish to work abroad can easily find jobs overseas, as most accounting principles are not specific to one region. Good recommendations for career advancements and can be used as stepping-stones for other degrees. There are several opportunities to volunteer for large organizations, as they constantly need more Accountants. Individuals can even use their degrees to further their education towards other topics, such as law. 

Careers that Use Accounting

There are a variety of professions in various industries that use accounting. The number of occupations requiring individuals well-versed in accounting is only predicted to continue to grow. Some industries that require accounting skills include colleges and universities, government agencies, healthcare providers, hospitality businesses, and retail stores. One profession requiring accounting skills is that of a Data Scientist. Data Scientists work to discover and analyze trends in data and then report their findings to stakeholders. They use FinTech to grow businesses within the financial services industry. 

Another profession requiring accounting skills is Financial Analyst. Financial Analysts must be able to process, measure, and communicate financial information about businesses. Financial Advisors also require accounting skills when they analyze their client’s finances. They ensure that clients meet their financial goals and conduct research to implement strategies to help clients in their financial operations. 

Budget Analysts use accounting to keep organizations on track financially. They review funding requests and analyze past data to create budgets and financial reports. The skills learned in accounting courses allow Budget Analysts to help organizations plan for their financial future through market trends, revenue, and expenses.

Why Learn Accounting?

Accurate accounting is necessary for a company's growth, funding, and collection of payments. It is a critical business skill for owners and managers and ensures that a business’s financial records comply with the laws. By studying accounting, individuals can learn to manage their finances more effectively and make meaningful contributions at work. 

Those who own businesses should understand basic accounting principles to help advance their careers. Owners who learn accounting can better analyze financial statements. Once they can better read statements, they are prepared to make more informed business decisions. Other decision-makers should also learn accounting principles as they can make decisions that will further grow a company. No matter what an individual’s current role within a company. 

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How to Learn Accounting

There are a variety of ways to get started with learning accounting. Those who enjoy interacting with instructors in real-time may want to enroll in live accounting classes–online or in-person. Many providers offer live online accounting classes, such as NYIM Training and NYC Career Centers. They teach an Intro to Financial Accounting course that exposes students to the most important concepts a financial accountant requires. Though online classes provide the most flexibility and options, it’s possible to find an in-person class. Future accountants can find in-person classes locally. If you’re in Southern California, UCLA Extension offers in-person courses in the heart of Los Angeles. Located elsewhere? Knowledge Academy provides accounting courses in Birmingham, Bristol, Cardiff, Derby, and Leeds. Many in-person courses happen in or near large metropolitan areas. 

Not everyone can participate in live online or in-person classes, so some learners may wish to explore self-paced or asynchronous accounting classes. Udemy–one company providing video tutorials–offers The Complete Introduction to Accounting and Finance and Accounting: From Beginner to Advanced. Skillshare offers Accounting Fundamentals: Understanding Financial Statements. Udemy is not the only company teaching asynchronous classes. Other providers, including LinkedIn Learning and Brainy Money, have courses for curious individuals.

Noble also offers free accounting seminars. Tutorials, guides, blog posts, and YouTube videos are available. See their resources for in-depth accounting tutorials, like their Financial Modeling tutorials. Their YouTube videos provide detailed descriptions of accounting essentials and the steps needed to master them. Individuals can read articles, watch tutorials, and use other resources related to accounting to further their knowledge. They can also visit Noble’s Accounting classes page to find available courses, including more in-depth courses for those who wish to enter the field. 

Read more about why you should learn Accounting

Free Introductory Accounting Course Online 

Anyone looking for an overview of accounting can start learning for free online! Free, beginner-level courses are valuable for busy individuals to learn accounting basics. Noble Desktop offers a variety of free seminars on multiple topics. To get started with accounting, check out the accounting seminars on Youtube. Through these seminars, individuals gather a general idea of basic accounting concepts. 

Noble Desktop’s Youtube channel contains various free financial modeling videos, which combine accounting, finance, and business with learning how to determine a company’s future results. Individuals can view these free Youtube tutorials to learn about mergers and acquisitions, the LBO Model, Transaction Comps, Business Risk, and other topics. Focus on the most recent uploads to learn the most up-to-date information. Some free accounting videos include Financial Modeling: LBO Model-Step 1 and Financial Modeling: LBO Model-Step 2

Other providers around the country offer free online tutorial videos. Some of the more popular companies include Coursera and Udemy. Udemy offers shorter tutorials, like an Introduction to Management Accounting or an Overview of the Moving Average Crossover System in Accounting. They post some longer videos, like an Introduction to Financial Accounting. Coursera also offers an accessible Introduction to Financial Accounting course. 

Read about more free accounting videos and online tutorials.

Level of Difficulty, Prerequisites, & Cost 

Anyone involved in business knows that accounting is an important skill to have. It is crucial to saving time and money and is a necessary part of running a business. Business owners and managers recognize that accounting is not just using numbers and issuing receipts. Individuals must be able to gather and report information and use those reports to communicate a business's financial position and performance. Once stakeholders have crunched and analyzed the numbers, they use the information to make future decisions.

To become an accounting expert, individuals begin by learning basic terms and principles. Learning vocabulary first allows them to develop a foundational knowledge of accounting practices. Then, they learn to apply these practices, allowing for more sound financial decisions. Beginner-level courses teach critical financial statements by using examples from actual company financials. Other topics in many beginner courses include accrual accounting, income statement basics, balance sheet equations, and statements of cash flows. 

All future students must complete several prerequisites before earning an accounting degree. First, individuals must have advanced knowledge of high-level mathematics and be skilled in information technology. Typically, accountants have completed several computer science classes. Individuals must also take entry-level business, economics, finance, and management classes. Each accounting class may cost from $253 to $1,263. 

Read more about how difficult it is to learn accounting.

How Does Learning Accounting Compare to Other Fields?

Accounting is related to other fields, such as finance, data analytics or data science, technology, and mathematics. Often, there are prerequisites in this field that are required for individuals to learn accounting. 

Accountants need to be able to use and understand data to succeed. Accounting requires technical skills and analytics, and individuals should be able to program, use statistics, and handle large data sets. Fintech or financial technology is another excellent skill, as it is centered on financial transactions and services. 

Combining data analytics with accounting and finance can boost profits and reduce business costs. Businesses use customer analytics to monitor spending habits and behaviors and algorithmic trading to watch stock prices. Most accounting professionals use advanced analytics to predict trends. Data analytics can help to provide deep insight into a business’s financial operations.

How to Decide the Best Way to Learn Accounting

Learning accounting is simple. There are multiple ways to learn accounting, including online and in-person options. Those who prefer to train in a classroom may want to enroll in in-person accounting courses, while those who would rather avoid traffic and train from home may want to enroll in virtual accounting courses. When deciding which type of instruction is best, individuals should consider what they intend to use accounting for once they learn this skill. 

Those new to accounting and interested in learning an overview of this topic may be interested in free, introductory-level classes. Many top educational providers, like Udemy, Coursera, and Noble Desktop, offer free online videos or seminars that provide an overview of accounting basics. These tutorials are free and can be watched anytime, from any location. Individuals can rewatch these tutorials as many times as they need to. 

Those wanting to develop a strong knowledge of accounting may want to enroll in a bootcamp, such as Noble Desktop’s Financial Modeling Bootcamp. This bootcamp can be taken live online or in NYC. Through bootcamps, individuals learn from skilled instructors and gain hands-on accounting training to grow within their current careers or plug a skill gap. Noble Desktop’s Financial Modeling Bootcamp teaches the fundamentals of finance, accounting, and corporate valuation. It is a great way to gain a more advanced skill set. 

Individuals wanting to master accounting for a new career or pivot to a new industry may be interested in enrolling in a certificate program. A certificate is a completion-based program through which students receive a certificate of completion at the time of graduation. Noble’s Data Science Certificate teaches individuals to analyze data with Python and query databases with SQL. Learning Python helps individuals to transform into efficient Accountants. This course is perfect for those who need a mentor, as six 1-on-1 mentoring sessions are included. Students can take it live online or on campus in NYC.

Learn Accounting with Hands-on Training at Noble Desktop

Individuals can learn accounting through finance classes with hands-on training at Noble Desktop. Finance courses boast small class sizes, expert instructors, and free retakes. Noble’s Financial Analyst Training Program teaches excel and critical financial and corporate finance options. Individuals gain basic and intermediate skills in Excel while learning to build a comprehensive valuation model for a public company. Critical concepts taught include advanced Excel for financial modeling and accounting, corporate finance, and valuation. 

Noble also offers Intro to Financial Accounting, through which individuals master the fundamentals of financial accounting and begin taking the next steps in accounting or finance. Enrollees see real-life examples and go through real 10-K’s to better understand how accounting concepts apply to large companies such as Facebook, Amazon, and Apple. 

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