Accounting Technology Programs in Rhode Island
Educational Information:
Accountants are those who handle all of the financial affairs for a business or organization. Upon completing the accounting technology program, students will have the knowledge to handle tax preparation, bookkeeping, accounting, auditing, accounts payable, accounts receivable and more.
Licensing Information:
For those looking to get their license in Rhode Island, you need to meet the following requirements:
- Possess a minimum of a bachelor degree from an accredited institution
- Completion of 150 hours with 24 hours in accounting; or possess a graduate degree with an accounting concentration; or possess a graduate degree in the business field with 24 hours in accounting at the undergraduate level; or 15 hours in a graduate accounting program
- Successfully pass the CPA examination
- Successfully pass the ethics examination
- One year of work experience within the accounting field
Employment Information:
Tourism, manufacturing and health services are some of the biggest industries in Rhode Island. The state is the home of Citizens Financial Group, which is the fourteenth largest bank in the entire United States, as well as a number of Fortune 500 companies like Textron and CVS. 90 percent of all employers within the state are small companies with less than 20 workers, but 558 firms within the state have almost half of all the private sector employees within Rhode Island. Auditors, CPA’s and tax preparers are all working within the industries mentioned previously by both large and small companies, as well as state and federal government agencies.
As of May 2020, accounting professionals earned an average salary of $85,980 in Rhode Island. Between 2018 and 2028, the number of accountant and auditor jobs in the state is projected to increase by 5.9%, which is greater than the national average growth rate of 4% during this period. About 520 annual job openings in this field are expected during this ten-year period leading to 2028 due to a combination of new job growth, retirements, and natural job turnover.
May 2020 Bureau of Labor Statistics salary and job market trends for accountants and auditors represent state data, not school-specific information.
Job growth projections for 2018-2028 sourced from the U.S. Department of Labor-sponsored O*Net database. Figures represent state data, not school-specific information.
Conditions in your area may vary. Data Accessed May 2021.