Accounting Schools in Hawaii
There are a few schools in Hawaii that offer degrees in accounting. A handful of the schools offer doctorate degrees in accounting but an associate to a Master’s degree can be earned at most. Prerequisite courses for most of the colleges or universities include general course requirements all graduates must complete, regardless of degree or major. The general requirements are usually about six credits earned in each of such courses as communication, science and humanities. This is not an exhaustive list but courses directly related to the major in accounting may include business law, finance, calculus and marketing. Again, depending on the school or degree sought, human resource management, intermediate statistics and economics are other courses that may be required. Anyone seeking to become a CPA can expect to earn 30 credit hours beyond a Bachelor’s degree.
Graduates with an accounting degree have the option to work in a private, public or government entity. The BLS Occupational Handbook states the job growth for the category is expected to grow 14% in the decade from 2010 to 2020. It further predicts the demand to provide accounting services will become greater as stricter financial regulations are implemented and the number of organizations increases. The annual mean wage in Hawaii for accountants, as reported in the BLS May 2012 report was a respectable $61,520. Accounting job titles and responsibilities are varied. Three examples are listed below:
- Cost Accountant- The main duty of a Cost Accountant is to help the managers of a business determine the outcomes related to the cost of doing business. Cost accounting takes into consideration the cost of such variables as labor, raw materials and utilities. These costs must be considered along with other costs like building and equipment depreciation, purchasing and management. The information provided by a cost accountant helps the management make decisions that control the general operations of the business.
- Financial Auditor- An accurate record of a business’ financial transactions must be analyzed and verified. Financial auditors examine the financial records of a business to determine the legitimacy and accuracy of the records. Some duties may include an analysis of the risks a business must avoid or reduce.
- Payroll Analyst- A payroll analyst evaluates the costs of wages and benefits for a company. Reviewing timesheets and calculating the pay and benefits for each worker are two duties for a payroll analyst. Ensuring the accuracy of the workers’ pay and the company payments to benefit organizations, workers’ tax sheltered annuities (TSAs) and taxes withheld to state and federal agencies are other examples of the duties a payroll analyst may have.