Degree Overview: Bachelor of Science (B.S.) Degree in Managerial Accounting
Majors Overview April 5, 2014People who manage cash flow, expenses, and finances are the backbone of every business. Students will be provided with skills in income taxation, accounting information systems, and financial accounting with a Bachelor of Science (B.S.) degree in Managerial Accounting.
B.S. Programs in Managerial Accounting
Managerial accountants perform all the tasks of an accountant; they collect companies’ financial information and produce reports. Additionally, they interpret how all of the company’s aspects will be affected by the data – currently and in the foreseeable future. Bachelor’s degree programs involve the analysis of concepts in business law, investment management, managerial accounting, and financial reporting. Apart from offering a Bachelor of Science (B.S.), schools also offer Managerial Accounting programs as a Bachelor of Business Administration (B.B.A.).
Admission criteria typically require incoming students to hold a GED certificate or high school diploma.
Coursework
Coursework in the program requires students to delve into macroeconomics, management policy, international finance, financial reporting, and taxation. In addition to general education courses, coursework may also include topic areas such as:
•Marketing
•Statistical analysis
•Business communications
•Cost accounting
•Business finance
Career Choices
Armed with a degree in Managerial Accounting, an individual can choose from various professional jobs in the field of finance. After completion of a Bachelor of Science (B.S.) in Managerial Accounting, a graduate can seek occupations in the non-profit or private sectors, including corporations, hospitals and government agencies. They may choose from possible job positions such as:
•Auditor
•Budget analyst
•Accountant
Job and Wage Outlook
In 2012, auditors and accountants took home an average annual wage of $63,550, while the corresponding average annual wage of budget analysts was $69,280 (U.S. Bureau of Labor Statistics). A job growth rate of 16% was predicted for accountants and auditors over the 2010-2020 decade, while the growth rate of 10% was predicted for budget analysts’ occupations.
Continuing Education Choices
Those who graduate from bachelor’s degree programs in Managerial Accounting can opt for continued education by earning either a Certified Management Accountant (CMA) or Certified Public Accountant (CPA) credential. CPA accreditation requirements may vary from state to state, and a CPA is a mandatory requirement for an accountant reporting with the Securities and Exchange Commission (BLS).
The passage of an examination, at least two years of work experience, and meeting of post-graduation education requisites, in addition to a code of professional ethics, will qualify a student for a CMA accreditation. Those who have graduated may also enroll into a master’s degree program in Management Accounting or a related field.
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