What Is an Information Technology Accountant?

Thinking about becoming an information technology accountant? Interested in information technology careers? A career as an information technology accountant might be the right path for you. Read on to learn more about this exciting field of accounting.

What Is Accounting?

In the most general terms, accounting is the process of measuring and documenting an entity’s cash inflows and outflows. Accountants spend the vast majority of their days analyzing large sets of financial data and are expected to make sense of it for their clients, many of whom are laypeople who have little or no accounting background.

What Is Information Technology Accounting?

Information technology accounting integrates traditional accounting principles with software and information systems to create a centralized location for storing an entity’s financial data. This digitization also simplifies the process of analyzing any such data, allowing entities to identify and correct errors or inefficiencies in their financial strategies, according to Investopedia.

Education

Becoming an information technology accountant will require to complete at least a bachelor’s degree in accounting from an accredited college or university. Choosing a complementary major or minor such as economics, finance, statistics, business management, computer science or computer engineering would also be beneficial. Additionally, you may want to consider obtaining a master’s degree in accounting to build on what you learned as an undergraduate, and potentially to develop a specialty within the field.

Areas of Study

Accounting will be your undergraduate major. To obtain an accounting degree, you will, at a minimum, be required to successfully complete courses in financial accounting, cost accounting, intermediate accounting, individual income taxation, state and local taxation, corporate income taxation, accounting periods and methods, accounting information systems and auditing, among others. You will also likely be required to complete some business-related non-accounting courses, such as microeconomics, macroeconomics, corporate finance, organizational theory, business statistics and business law. Beyond these, you will be able to choose other classes that

Accounting Careers

As an information technology accountant, you can work at a professional services firm, in the in-house accounting department of a private company, or in government or the non-profit sector. Any entity that makes and receives monetary payments in exchange for goods or services needs an accountant. In an increasingly digitized world, possessing the accounting skills and technological savvy necessary to become an information technology accountant will afford you the ability to find a job in virtually any industry or setting you can imagine, according to the Houston Chronicle.

Related Resource: 5 Great Professional Organizations for Accountants

Conclusion

If you think you would enjoy putting your problem-solving skills to use in a growing industry that offers high-level of job security, considering a career in information technology accounting is a great choice.