Sanford-Brown Blogs

Modern Accounting and Technology

April 11, 2009 0 Comments

Few students would consider an accounting degree to be rooted in technology, but in many ways modern day accountants are required to know their way around a computer. Accounting and book keeping in hardcopy books have gone the way of the dodo in recent years! The advent of computerized accounting has made accounting simpler, more organized and more efficient. Students throughout the country are learning how to use computerized accounting programs in accounting courses and finance classes. Graduates of these accounting courses are helping modern businesses stay organized, properly manage their money, file taxes and work more efficiently. With the support of computer systems, accounting practices are being revolutionized.

According to the U.S. Bureau of Labor Statistics more than 2.1 million individuals in 2006 were employed as bookkeepers, accountants and auditing clerks (Source: http://www.bls.gov/oco/ocos144.htm#emply). Many of these individuals have completed accounting courses to familiarize themselves with accounting software, used by most of today's businesses.

What do Bookkeepers, Accounting Technicians and Accounting Assistants do?
Accounting and bookkeeping play crucial roles in every business, large or small. Accounting assistants, who have completed finance courses and associate degrees, fill a wide range of responsibilities in virtually every type of company in every industry across America. While responsibilities vary based on placement, accounting assistants, technicians and bookkeepers share some core responsibilities. Individuals, who have completed finance courses and accounting classes often help manage: payroll, accounts payable, accounts receivable, billing and the general ledger or the company's "books," among many other accounting related operations. They also help companies maintain financial information for tax purposes.

21st Century Accounting: How is it Different?
Accounting tools and accounting classes have changed a great deal in the last two decades, due largely to the advent of computerized accounting programs. While business and accounting principles remain the same, the methods through which they are accomplished have been simplified and organized with the use of accounting software. As businesses expand and grow to include more out of state clients, international operations and online services, so too has accounting become more complicated. Physical "books" can no longer be maintained across large companies without the increased risk of costly human errors. Companies and corporations have turned to accounting assistants trained in accounting classes and finance courses in associate degree programs to help manage their accounts across a single company office or even a series of national or international offices.

Recent tax laws also require businesses to maintain standardized financial records for governmental or public review. Those who have completed accounting courses and finance classes with training in computerized accounting may find employment in newly created positions to fill this recent need.

Take Part in this Exciting and Growing Field with a Bachelor's or Associate Degree
Sanford-Brown College-Fenton offers a Bachelor of Science Degree in Business Administration with a concentration in Accounting and an Associate of Applied Science Degree in Business Administration with a concentration in Accounting. Both courses of study include accounting courses and finance course that help students understand accounting practices and the role of technology in modern accounting. To learn more about our accounting courses and how our accounting programs can help jumpstart your professional career, visit us here.

Sanford-Brown - Fenton is close to many locations:
Ballwin, MO - approximately 8.0 miles
St. Peters, MO - approximately 28.2 miles
O'Fallon, MO - approximately 28.0 miles
St. Louis, MO - approximately 19.7 miles

Source:

Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2008-09 Edition, Bookkeeping, Accounting, and Auditing Clerks, on the Internet at http://www.bls.gov/oco/ocos144.htm (visited January 09, 2009).

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