Although accounting has always been a popular profession, with advancements in different areas and industries, this domain has given rise to a number of specialisations such as strategic accounting, renewable energy accounting and accounting software.
Although generalised accounting has its loyal audience, the continually emerging accounting disciplines have good career scopes and their own set of advantages. You can choose any accounting specialisation as per your academic background, professional aspirations or personal interest.
Read this blog to familiarise yourself with the four best accounting course specialisations that you can pursue through online courses from reputed universities.
- Forensic accounting
You can consider forensic accountants as the detectives of the accounting and financial domain. They are responsible for combing through money trails and investigating financial statements, securities frauds and other important documents to find evidence of financial crimes like embezzlement, money-laundering and securities frauds and misdeeds.
Forensic accountants also require to have a thorough knowledge of criminal law, court proceedings and evidential regulations as they are often called upon to testify in various civil or criminal courts.
- Environmental accounting
With an increasing focus on reduction of carbon footprints, businesses and governments across the world are depending upon environmental accountants to advise managements on the cost of business decisions from an environmental perspective.
Environmental accountants are responsible for evaluating the cost of lost revenues stemming from environmental irresponsibility and calculating the cost of profits from green ventures.
- Personal financial planning
Personal financial planners or simply financial consultants are in charge of utilising their knowledge to help clients save money through different cost-saving investments and income-tax rebates. People consult these planners who advise them on the right investment avenues like stocks, bonds and mutual funds depending on their risk appetites. Financial planners can either set up their own consultancies or work as a part of investment venture groups.
- Auditing financial planning
As the reliance of businesses on computers and digital technology is increasing, the financial domain is facing the emergence of a new problem—inaccurate data entries and threats to their servers and systems. An information technology auditor goes through massive amounts of computer collected or generated data to spot any errors or anomalies. They also spot the presence of inaccurate information that might have deliberately been inserted in these data sets.
You can either pick one from the many accounting specialisations available in the industry or choose a generalised courses that addresses all the major disciplines in some detail. If you are unsure about picking up a single specialisation, an ACCA online course will benefit you by exposing you to all the major accounting disciplines. Enrol in an ACCA online course today to start a successful accounting career.