3 Great Resources for Accounting Students
3 Resources for Accounting Students
Accounting is an exciting field full of rewarding career opportunities. Whether you dream of starting your own business or becoming a key decision maker in an existing company, a degree in accounting can give you the foundation you need to build a successful career.
Of course, the first step is successfully completing an accounting program. When trying to keep on top of school, work, and other obligations, it may seem difficult to maintain a healthy balance between all of your responsibilities. While you can’t add more hours to your day, you can take advantage of helpful resources to aid in your study efforts.
The following resources can help you save time and reduce stress while pursuing your accounting degree.
Accounting Terminology Guide
Learning accounting can sometimes feel like learning a whole new language. When faced with a whole vocabulary of terms you don’t understand, it’s helpful to have a resource you can rely on to give you the right definition. While you’ll likely continue to learn new terms as needed even several years into your career, over time you’ll find yourself becoming more and more familiar with the industry jargon. In the meantime, the New York State Society of CPAs (NYSSCPA) website offers a comprehensive glossary of accounting terms.
This online resource provides definitions for over a thousand accounting and finance terms. The terminology page was developed to serve as a quick-reference guide for journalists reporting on financial matters; however, it can be just as useful for accounting students trying to familiarize themselves with accounting vocabulary.
Whether you’re just learning the difference between debits and credits or you’re struggling to remember an acronym in your reading, this accounting terminology guide can help you save time and learn more efficiently.
Accounting Calculator App
The basics of accounting state that debits must always equal credits, but the calculations tend to get a little bit more complicated than you would think from that statement. Your run-of-the-mill phone calculator won’t always be up to the task of taking on your accounting homework and exams. When working on complex problems, standard calculators may round or cut off calculations because of digit limitations, and your phone calculator likely features a limited list of functions.
This Accounting Calculator app by Yuki Muramatsu allows for 12 digits to be displayed on the screen, which can prevent rounding inaccuracies that can impact the final calculation. When working on a homework assignment or an exam, you’ll appreciate the added accuracy.
The calculator also offers percentage calculations. An example of another one of the helpful functions is the ability to include or exclude taxes. You can also change the tax rate. In short, it’s a calculator built for the needs of accountants.
This app is available for free on Android mobile devices.
The Accounting Coach blog is an invaluable resource for students who are looking for comprehensive, understandable answers to their accounting questions.
While the website offers coursework that can be a great supplement to your education if you need extra help solidifying accounting concepts, the Q&A section is a remarkable resource for any accounting student. This section of the website breaks down some of the most common accounting questions into intuitive, easy-to-navigate categories. If you have a specific question or would like a definition for a specific term, you can use the search bar to find what you need.
Harold Averkamp (CPA, MBA) is the creator of Accounting Coach. He has been both a successful accountant and consultant as well as a well-esteemed university accounting instructor over the past 25 years. He created the Accounting Coach in order to help anyone come to understand the basic principles of accounting.
Accounting Degree at CollegeAmerica
At CollegeAmerica, we prepare our students for rewarding careers. We focus on real-life, applicable skill sets that will help you succeed in the day-to-day decisions and work you’ll perform on the job.
Our Accounting program is built to prepare you for various accounting positions in industries ranging from government agencies to nonprofit organizations to the private business sector.
While pursuing a degree in accounting, you’ll learn and develop important skills and concepts in topics such as professional accounting, communication, federal taxation, investing, auditing, and more.