Accounting Schools in Alabama
Alabama Accounting Schools
Montgomery, AL 99501
Some people confuse bookkeeping with accounting. Although there are many similarities, it is necessary to go to college to be an accountant at most companies. Some companies might hire someone with just experience, but if you want to truly open up your chances of having success in this field, you should get a degree.
During the initial year of your college studies, you will learn the elementary concepts of accounting. These basic principles are the foundation for the whole discipline. It is essential that you grasp these basic concepts to be successful in your studies. In this stage of your education, you will learn about the different systems of accounting and the underlying principles of these systems.
You will also learn about a few essential concepts in this discipline. Among these concepts are:
- the recognition of revenue
- present value
- long-term liabilities
- long-lived assets
The beginning of the program will also focus on the creation of financial statements. More advanced classes will include managerial accounting, financial accounting I, tax planning, auditing, and many other important aspects of the accounting discipline.
Total Accounting Students: 25,979
Average Tuition: $10,031
Average Scholarship Package: $4,837
Average Grant Amount: $6,958
Average Classroom Size: 19 Students
Average Online Tuition: $8,916
Online Undergraduate Programs: 35
Online Graduate Programs: 21
• 6,397 Students Currently Attending
• $3,192 Annual Tuition Charges
• $19,032 Average Financial Aid Award
Salary and Job Outlook for Accountants in Alabama
Steady growth marks the accounting field in Alabama. Between 2018 and 2028, state-level data reveals that the accounting profession will grow about 7% – or nearly twice that of the national projected growth rate of 4% during this time.
As of May 2020, the average salary for Alabama’s accountants was $64,040, while the top earners in the profession (90th percentile) – largely those with extensive experience, a master’s in accounting, and the CPA designation – earn about $110,200 here. The Birmingham-Hoover metro area was the top-paying metro area for accountants in Alabama as of May 2020, with these pros earning an average salary of $68,150 and a top salary (90th percentile) of $120,210.
Note that geographical differences and differences in industry may significantly change the starting and average salaries in accounting and that the above stats highlight only base salaries and do not include salary incentives like stock options and bonuses that are commonplace in the accounting profession.
May 2020 Bureau of Labor Statistics salary and job market data for accountants and auditors represents state data, not school-specific information.
Job growth projections for 2018-2028 sourced from the U.S. Department of Labor-sponsored O*Net database represents state data, not school-specific information.
Conditions in your area may vary. Data Accessed May 2021.