Bachelor of Accountancy
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The degree of Bachelor of Accountancy (also known as Bachelor of Accounting) is the principal academic degree in accountancy in several countries, and is often the only (undergraduate) degree recognised for subsequent practice as a professional accountant; see First professional degree. It is abbreviated B.Acy. or B.Acc. or B. Accty.. It is also sometimes titled "Bachelor of Accounting Science" (B.Acc.Sci.) or "Baccalaureus Computationis" (B.Compt.).
The B.Acy. is extremely specialized: the curriculum requires study sufficient for professional practice (often at the major-level) in financial accounting, management accounting, auditing, and taxation. The curriculum also includes general coverage of management theory and business mathematics, and intermediate coursework in business law and economics. The degree is thus not to be confused with a B.B.A. in Accounting or B.Com. in Accounting, which are general business degrees with accounting as an area of concentration; for discussion, see further under Bachelor's degree. Some bachelor programs in accountancy allow for specializations in topics such as Tax Accountancy or Auditing/Forensic Accountancy.
Due to the nature of the B.Acy., it is a professional degree course that not many universities actually offer. In the United States, it is likely to be a four-year undergraduate degree. In other parts of the world, such as Singapore, it can be a three-year undergraduate degree course as well. In Malta, it is a two year course which can be taken after qualifying in Bachelor of Commerce only for students who obtain exceptional grades in their previous course. Most public universities in South Africa offer the degree or a variant, often as a postgraduate honours degree.
After completion of the Bachelor of Accountancy, students may go on to work as an accountant and / or commence with the Master of Accountancy. When the degree is recognized for this purpose, graduates typically pursue the CPA or CA (or other) designations, and thus take up "articles" at an accounting firm accredited for training, so as to meet the relevant work experience requirements, and will then also sit the associated Professional Examination. In the United States, a bachelors degree in accountancy may not be sufficient to practice as an accountant. Many employers prefer to hire applicants who have a master's degree in either accountancy or in business administration with a concentration in accounting, and professional certification as an accountant is often required.