10 Things You Must Know About Online Accounting Degrees

In today’s fast-changing digital world, education is no longer confined to traditional classrooms. More students and professionals are pursuing online degrees to advance their careers, save time, and gain flexibility. One field where online education has grown tremendously is accounting.

An online accounting degree equips you with knowledge in finance, auditing, taxation, and business management—all without stepping into a physical classroom. But before you enroll in a program, there are several important things you should know to make the most of your investment.

In this article, we’ll explore the 10 things you must know about online accounting degrees, covering accreditation, career prospects, challenges, and tips for success.

1. Accreditation Is Everything

The first and most important thing to know is that accreditation matters. Not all online accounting degrees are created equal, and choosing the wrong one could affect your career opportunities.

Why Accreditation Is Important:

Employers often prefer candidates with degrees from accredited institutions.
Accreditation ensures the program meets high academic and professional standards.
It impacts eligibility for certifications like CPA (Certified Public Accountant) or CMA (Certified Management Accountant).

What to Look For:

Regional Accreditation: The most recognized in the U.S. (e.g., Higher Learning Commission, Middle States Commission).
Programmatic Accreditation: For business and accounting, look for accreditation from AACSB (Association to Advance Collegiate Schools of Business) or ACBSP (Accreditation Council for Business Schools and Programs).

Before enrolling, always verify the school’s accreditation status on official websites.

2. Online Degrees Are Just as Respected as Traditional Degrees

Many students wonder if an online degree carries the same weight as one earned on campus. The answer is: Yes—if the program is accredited.

Most employers no longer distinguish between online and traditional degrees. In fact, some universities don’t even indicate on the diploma whether the degree was earned online or in-person.

The respectability of an online accounting degree depends more on the reputation of the school and its accreditation than on the format of study.

3. Different Levels of Online Accounting Degrees Exist

Just like traditional programs, online accounting degrees are offered at various levels. The one you choose should align with your career goals.

Types of Online Accounting Degrees:

Associate Degree in Accounting (2 years): Entry-level jobs like bookkeeping, payroll, or accounting assistant roles.
Bachelor’s Degree in Accounting (4 years): Prepares you for most professional accounting roles and is often required for CPA eligibility.
Master’s Degree in Accounting (1–2 years): Ideal for leadership positions, advanced roles in taxation or auditing, and competitive career advancement.
MBA with Accounting Concentration: Provides both business and accounting knowledge, useful for management roles.
Doctorate in Accounting (Ph.D. or DBA): For those pursuing careers in academia or high-level research.

Choosing the right degree level is crucial depending on whether you want to enter the workforce quickly or aim for long-term advancement.

4. You’ll Need Strong Time Management Skills

Online learning offers flexibility, but that flexibility comes with responsibility. Unlike traditional classes with fixed schedules, online accounting programs often allow you to complete assignments on your own time.

This requires discipline and time management. Without proper planning, it’s easy to fall behind.

Tips for Success:

Create a study schedule and stick to it.
Break down assignments into smaller tasks.
Use digital tools like calendars, reminders, or productivity apps.
Dedicate a quiet, organized workspace at home.

If you’re self-motivated, you’ll thrive in an online program.

5. Technology Will Be Your Best Friend

Earning an online degree means you’ll rely heavily on technology. From attending virtual lectures to submitting assignments, you need to be comfortable with digital platforms.

Common Tools You’ll Use:

Learning Management Systems (LMS) like Blackboard, Canvas, or Moodle.
Video conferencing tools (Zoom, Microsoft Teams, Google Meet).
Online libraries, accounting software, and research databases.
Cloud storage for organizing assignments.

Having a stable internet connection, updated computer, and basic tech skills is essential for success.

6. Online Accounting Programs Can Be More Affordable

One major advantage of online education is cost savings. While tuition rates vary, online programs often have lower overall costs compared to traditional on-campus degrees.

How You Save:

No commuting or relocation costs.
Many online programs offer digital textbooks, reducing expenses.
Flexibility to continue working while studying, which means less lost income.

Still, don’t assume online automatically means cheap. Compare tuition rates carefully, and always check for scholarships, grants, or employer tuition assistance programs.

7. CPA Exam Requirements Still Apply

If your ultimate goal is to become a Certified Public Accountant (CPA), you must meet specific licensing requirements, regardless of whether you studied online or on-campus.

CPA Requirements (U.S.):

A bachelor’s degree in accounting or related field.
Typically 150 credit hours of education (some states have additional rules).
Passing the Uniform CPA Exam, which has four parts:
- Auditing and Attestation (AUD)
- Business Environment and Concepts (BEC)
- Financial Accounting and Reporting (FAR)
- Regulation (REG)

Not all online programs are structured to meet CPA requirements, so verify before enrolling if that’s your goal.

8. Career Opportunities Are Diverse

An online accounting degree opens doors to a wide range of career paths. Contrary to popular belief, accountants don’t just “do taxes.”

Common Career Options:

Public Accountant – Works for firms, handling auditing, consulting, and tax services.
Corporate Accountant – Manages financial records for businesses.
Forensic Accountant – Investigates financial fraud or disputes.
Government Accountant – Works with federal, state, or local agencies.
Management Accountant (CMA) – Provides financial insights for decision-making in companies.
Internal Auditor – Reviews company operations and ensures compliance.

With additional certifications, you can advance into higher-paying specialized roles.

9. Flexibility Doesn’t Mean Easier

A common misconception is that online degrees are easier than traditional programs. In reality, accredited online accounting programs are equally rigorous.

You’ll be covering the same material—financial accounting, auditing, taxation, business law, economics, and more. Professors expect the same level of engagement, critical thinking, and academic performance as on-campus students.

What makes online learning challenging is the independence required. Without in-person interaction, you must take initiative to communicate with professors, participate in discussions, and seek help when needed.

10. Networking Still Matters

Networking is crucial in accounting, whether you’re aiming for a CPA license, an internship, or a corporate role. While online learning is remote, that doesn’t mean you’re disconnected.

Ways to Network in an Online Program:

Participate in discussion boards and group projects.
Attend virtual events, workshops, and webinars.
Connect with classmates and faculty on LinkedIn.
Join professional organizations like AICPA (American Institute of Certified Public Accountants) or local state CPA societies.

Some universities even host in-person networking events for online students. Building connections can lead to mentorship, job referrals, and career growth.

Final Thoughts

An online accounting degree can be a powerful stepping stone to a rewarding career in finance, auditing, taxation, or corporate management. It provides flexibility, affordability, and accessibility without compromising quality—if you choose the right accredited program.

To recap, here are the 10 things you must know:

Accreditation is essential.
Online degrees are respected if accredited.
Multiple degree levels exist—choose wisely.
Time management skills are crucial.
Technology is central to success.
Online programs can save you money.
CPA requirements still apply.
Career opportunities are diverse.
Flexibility doesn’t mean easy coursework.
Networking is still critical.

By keeping these points in mind, you can make an informed decision, maximize the value of your education, and build a strong foundation for a successful career in accounting.

Remember: Your degree is just the beginning. Combining your education with professional certifications, real-world experience, and continuous learning will set you apart in today’s competitive job market.