Why Study Accounting Technology?

Are you intrigued by the world of numbers and the expanding realm of technology? The intersection of accounting and technology is an exciting path worth exploring. With the growing influence of technology, the accounting field is shifting towards data-driven, tech-centered practices.

The Future of Accounting 

Gone are the days of manual bookkeeping and endless columns of numbers. Accounting has become a technology-driven field, with software, data analytics, and blockchain playing central roles. As a modern accountant, you're expected to be a financial expert and tech wizard. While keeping up with evolving technology is a challenge, it presents an exciting opportunity to play an essential role in an organization's financial health. 
  
The demand for accountants who can handle the technological challenge is growing. According to the Bureau of Labor Statistics, employment of accountants and auditors is projected to grow 4 percent within the next decade, about as fast as the average for all occupations. This growth is promising for students entering the field. In addition, the median annual wage for accountants and auditors is $78,000. 
  
As technology, automation, and artificial intelligence become more prominent, adaptability is key. Continuous learning and staying updated with technological advancements are vital in a profession where change is the only constant. 

Benefits of Studying Accounting Technology 

Studying accounting technology has several advantages. First, it enhances your career prospects. Businesses are increasingly adopting digital accounting practices, and as mentioned previously, accountants with technology expertise are in high demand. This expertise can also lead to enhanced efficiency and accuracy in financial reporting. With the right tools and knowledge, you can provide real-time financial data and analysis, which is invaluable to businesses. Lastly, studying accounting technology makes you more employable in a tech-driven job market. 

In-Demand Accounting Technology Skills 

To build a stable career in accounting technology, you’ll need to earn the skills employers seek. You can gain the necessary knowledge through a quality accounting degree program.  

Mastering essential skills is crucial for a thriving career in accounting. These include: 

1. Data Analytics: The capacity to interpret, analyze, and present data plays a pivotal role in informed decision-making and accounting processes.
2. Cloud-based Accounting Software: The advent of cloud technology has revolutionized accessibility and data storage in accounting practices.
3. Blockchain and Distributed Ledger Technology: Emerging technologies like these are transforming how financial transactions are recorded and verified, shaping the future of accounting. 

In the evolving realm of accounting, proficiency in data analytics, cloud-based software, and emerging technologies is imperative for a prosperous and enduring career, ensuring adaptability and sustained relevance. 

Earn an Online Accounting Degree from LSUA 

The LSU Alexandria online Bachelor of Science in Accounting with a Concentration in Accounting Information Systems and Data Analytics teaches essential skills needed for a successful career in the technological side of accounting.  
  
This ACBSP-accredited Bachelor of Science in Accounting program provides relevant preparation for a career in public accounting, industry, not-for-profit organizations, and governmental businesses. The concentration in Accounting Information Systems and Data Analytics is in candidate status for accreditation with ACBSP.  It offers a well-rounded business education that includes creative problem-solving, critical thinking, and in-depth knowledge of how organizations function in today's global environment. 
  
The curriculum equips you with the foundational principles and exposes you to emerging trends that many employers desire. You’ll also be well-prepared for the CPA examination. Whether you aspire to be an accountant, financial controller, or accounting manager, the program is designed to meet the needs of modern employers. 
  
Take the next step to prepare yourself for a tech-driven future. Learn more about the online Bachelor of Science in Accounting from LSU Alexandria, or apply now!