Accounting Technology Programs in Utah
Accountants have the main role of making sure nothing is out of order or missing from the books of the organization or business that they work for currently. By going through the accounting technology program, students will learn how to effectively work in the financial and business sectors.
To become licensed, individuals must meet the following requirements:
- Have a minimum of a bachelor degree from an accredited institution within an approved course of study
- Depending on the major, various levels of education requirements exist. Applicants can have their graduate degree in the accounting field, a bachelor degree in finance or accounting or an MBA with an accounting concentration
- Successfully pass the CPA examination
- Completion of the AICPA ethics course, which can be completed before the individual passes the CPA examination
- Pass the Utah Law and Rules examination
- Earn a minimum of 2,000 hours in the accounting field under the direct supervision of a licensed professional
- Licenses have to be renewed every two years by completing 80 hours of qualifying education
Utah has a number of different financial service companies. Most of the time, CPA professionals will end up being able to find employment in insurance companies, banks, credit unions, real estate management companies and mortgage brokers within the state. Some of the large accounting firms in Utah are First Utah Bank, Mayer Hoffman McCann, USA Lending Group and Renaissance Financial Group. Ernst & Young and Deloitte also have offices in Salt Lake City.
As of May 2020, accounting professionals earned an average salary of $68,590 in Utah. Between 2018 and 2028, the number of accountant and auditor jobs in the state is projected to increase by 31.1%, which is nearly eight times the national average growth rate of 4% during this period. About 1,590 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.