Accounting Education Inquiry
It’s been 35 years since I pursued an Accounting degree, but I switched careers and that chapter is now closed. I’m looking to dive back into Accounting with the goal of obtaining my CPA. Should I start fresh and retake Introductory Accounting I & II, or is it better to skip ahead to Intermediate I & II, Cost Accounting, and the subsequent courses?
TL;DR: Is there enough change in the accounting field over the past three and a half decades to warrant retaking Principles I & II, or can I confidently jump straight into more advanced classes?
One response
It’s great to hear you’re thinking about returning to Accounting! Given that it’s been 35 years since you last studied Accounting, it might be helpful to first assess the significant changes in the field during that time. Accounting principles have remained relatively stable, but there have been updates in regulations, technology, and practices that might impact your understanding and application of the subject.
Here are a few points to consider:
Review Current Principles: It’s a good idea to skim through the current content of Principles I & II, as this will help you assess whether you feel comfortable with the basics. If you find that much has changed or you feel a bit lost, it could be beneficial to retake the courses.
CPA Requirements: Check the specific CPA requirements in your state. Some jurisdictions may require certain coursework, and having a solid foundation may contribute positively to your testing success.
Technology Integration: Accounting has become increasingly influenced by technology, including software and tools that weren’t around 35 years ago. Familiarizing yourself with these could give you an edge sooner rather than later.
Consider a Review Course: Instead of taking Intro I & II as formal classes, you might consider enrolling in a review course or online tutorials that cover those fundamentals without the full commitment of retaking the courses.
Talk to an Advisor: If possible, consult with an academic advisor or a professor at the school you’re considering. They can provide insights tailored to your situation and the current academic landscape.
In summary, while you might be able to jump into Intermediate and other advanced courses, taking some time to refresh your foundational knowledge could make your return to accounting much smoother and ultimately more successful. Good luck!