Accounting and FinanceThe accounting and finance industry is fast growing and competitive and it can be hard to stand out from the pack. Are you looking to upskill yourself but traditional learning options just don't work for you? Go1 brings together a wide variety of online training materials into one place, covering all aspects of accounting and finance from bookkeeping to corporate finance, for the ultimate convenience.
The finance industry is always evolving. Thanks to the ever-changing market, amends to government policies, updates to processes, procedures and more, it’s important to stay current.
But one of the main stumbling blocks for learning and upskilling is how to find the time. There are only so many hours in a day, after all. Finance and accounting are complex subjects that for beginners can have a steep learning curve. However, finance and accounting courses online allow employees to learn while not disturbing their daily responsibilities.
Why study accounting and finance?
While accounting and finance have similarities, there are some key differences, which means studying either will come with its own advantages.
Finance focuses on money management and investments, either for an individual or on behalf of businesses.
Accounting focuses on recording and reporting an individual or business’s finances.
So why study accounting and finance? Let’s take a look at some of the topics covered in each.
If you want your employees to upskill or develop knowledge to improve the day-to-day running of a business, then accounting training will help with that. Learning financial accounting - even just taking a refresher course - enables employees to improve, adapt, and drop bad habits.
Topics covered in accounting courses include:
- Micro and macroeconomics
- Risk management
A finance course will take a deeper look at the industry as a whole, with a focus on strategy and control, rather than the day-to-day management of a business’s finances.
Topics covered in a finance course can include:
- Advanced economics
- Asset markets
- Corporate finance
- Financial management
- Financial strategy
- Risk management
- Venture capital
While your employees are likely to have a focus on either accounting or finance, it’s advantageous for employees to have a solid understanding of both.
The benefits of taking an accounting and finance course
Not only does a business benefit from learning and upskilling, but courses on finance and accounting help employees too.
Benefits to your business
The benefits of providing finance and accounting training to your business include:
Develop your brightest employees
While your organization may be home to some shining stars, that doesn’t mean they’ll stay that way without a proper development plan. By training your employees, you’ll give them the best chance of reaching their full potential.
Employees want to learn so they can develop their skills and knowledge, and produce the best work for your business. By showing your staff that you care about them and their development, it’ll enable you to retain the best talent in the industry.
Have well-rounded, knowledgeable teams
You don’t want to rely on individuals holding key knowledge or information, because should they leave the business, or take sick or annual leave, they’ll take that knowledge and information with them. A team of top performers will be more confident and productive, and a well-rounded team of multi-skilled employees is more valuable than a team of individuals.
Improve results and turnaround times
With more skill and improved processes comes better results achieved in less time, as well as a decrease in mistakes.
Give clients confidence
If you have clients that come to you for accounting or finance services, then providing regular training will give your clients confidence in your business.
Benefits to your employees
By providing employees with access to courses on finance and accounting, it helps them in many ways:
Encourages growth and development
Employees don’t like to stagnate. By offering them learning opportunities you’ll encourage them to grow and develop and progress within your business.
Learn while working
Online finance and accounting courses fit around their schedule and are self-directed, meaning employees can learn during periods of downtime, or whenever it suits them.
Helps employees feel valued
By providing the opportunity to upskill and develop, your employees will feel valued and have a much higher level of job satisfaction.
How to take a finance course while working
One of the greatest advantages of online accounting courses is the freedom poeple have to study in a way that works for them. Whether that’s taking an hour to learn during quieter periods, or even taking time in the evenings for those keen to develop.
As an online course is self-directed, it’s still important for employees to try and plan a routine so they can learn and work simultaneously as effectively as possible.
Set achievable goals
Before employees begin the course, they should take time to understand what is required of them and how much time it will take. For example, an introduction to accounting course won’t be as intensive as an advanced course and may be possible to do in shorter bursts.
Time management is crucial
Employees should set a goal and devise a study plan that will allow them to get there. Any regular periods of downtime are the perfect time to learn
When employees learn at work it’s easy for them to get distracted by colleagues, so they should turn off email notifications and any internal communication tools. Making the time to study is one thing, but utilizing it effectively is another.
Put what is learned into practice
After learning a new skill or process, to retain information employees should be encouraged to put into practice what they’ve learned.
Is finance a good class to take online?
Absolutely, accounting and finance courses are ideal to take online. That way they can be completely self-directed, so students can learn as and when is convenient for them.
How long does it take to learn accounting?
The length of time it takes to learn via finance and accounting training courses can vary based on the experience level, the topic, and how much time students have.
If someone is new to finance, an accounting course may take anywhere from a few months up to a few years. Accounting training courses can cover a wide variety of topics - some covering all aspects of accounting, with others focusing on specifics. Before choosing a course, make sure students check how long it’s going to take to complete.
How can you get an accounting certification fast?
This completely depends on the amount of time the student has to dedicate to learning. When studying accounting online the more time a student spends learning the quicker they’ll pass the course. Self-directed learning not only means students can learn at a steady pace but also at an accelerated pace if the need arises.
Accounting courses for beginners
Online accounting courses for beginners is the perfect introduction to the varied world of finance and accounting. Using a combination of teaching methods that cater to people of all learning types, accounting classes online ease beginners in, starting with the basics.
Accounting courses for beginners will explore topics such as:
- Accounting principles
- Balance sheets
- Cash flows
- Income and outgoings
Is accounting and finance a hard course?
People who have no background in finance assume accounting and finance are difficult to learn, and that is true to a degree. “Hard” is a subjective term because it usually comes down to where employees’ and students’ interests lie.
Like with anything, the more somebody learns and practices, the better they become - and the same applies when it comes to accounting and finance.
Finance and accounting courses online cater for all experience levels, which means students don’t have to be thrown in at the deep end. As we’ve already discussed, an online accounting course aimed at beginners won’t expect students to know everything. The more they learn the more confident students become.
What is the best online accounting course?
Choosing the best online accounting courses will depend on the experience of the student. Below are just a few finance and accounting courses for beginners and existing finance professionals:
Go1 also offers plenty of other online learning resources, so make sure to check those out.
Are online accounting courses better than in-person courses?
Online courses are both far more cost-effective, and much easier to arrange for a business. Because the course materials are all provided online students are free to undertake learning as and when is convenient.
Are online account courses worth it for finance professionals?
Absolutely. With the finance landscape always changing, there are constantly new skills and processes to learn that even experienced professionals can benefit from.
Can anyone do accounting training online?
Of course, existing accounting professionals, as well as those looking to enter the finance industry, are welcome to undertake accounting training online.
Why not take an accounting and finance course online with Go1?
Upskilling, developing, or simply undertaking a refresher course is important for both employers and employees. For more information and financial accounting course details check out Go1 and book a demo today.
Reach out to the friendly Go1 team to learn why over 3000 organizations choose Go1. We would love to hear from you, and start your Go1 journey together.
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