Accounting is more than simple math. An accountant needs a financial calculator for calculating plenty of financial functions such as cash loans, expenses, etc., in a quick, efficient, and precise manner. Some financial calculators have additional features along with regular features of dividing, multiplying, adding, and subtracting.
Accounting calculators function like mini computers and can make life easier. These calculators can store long algorithms and formulas and perform far better than basic mathematical calculators. The best Calculator for accounting students has features for finances, taxes, statistics, and many more. However, with so many options available in the market, it can be overwhelming to find the best one. Hence the following buying guide will show you the best accounting calculators to help, work faster and save time.
Best Calculator For Accounting Students
1. HP 12C Platinum Calculator
Are you looking for a portable accounting calculator? If so, then we would recommend the HP 12CP Platinum calculator. It is better for students looking for something they want to take with them to school. It is Energy Star certified having extensive battery life. The Calculator has over 130 built-in functions, easy to access, and is faster than the industry-leading 12C Calculator, hence perfect for accountants who want both speed and consistency.
This HP calculator has both RPN and Algebraic modes and has simple programming with storage for up to 400 steps. In addition, there is enough memory to save up to 80 different cash flows. Looking at speed and durability, the 12C Platinum calculator can calculate various functions six times faster than its competitors. On top of all, it can survive hard falls on concrete with few scratches and cracks.
It is an ideal accounting calculator for students appearing for CFP and CFA certification exams or the GARP FRM exam.
2. Texas Instruments BAII Plus Calculator
Texas Instruments’ name has always been synonymous with efficiency and top-of-line features in terms of the Calculator. BAII Plus accounting calculator comes with different advanced features that help accountants to do their job.
This Texas calculator is effective in doing both financial as well as standard math functions. It can calculate IRR and NPV. If you are working using advanced accounting features, then its worksheet mode allows you to set up amortization, depreciation, and bond tables in an easy way.
It has good storage capacity as it can store the previous worksheet, and you don’t have to enter it again. It has an easy-to-read 10-digit screen that is easy to read. The battery has an auto-off function helping to conserve power. It is also durable as it comes with a slide case.
3. Casio FC-200V Calculator with 4-Line Display
Are you looking for a less expensive accounting calculator? Then, we would recommend you Casio FC-200V with a 4-line Display calculator. It has especially built-in Direct Mode keys that allow you to enter various modes for financial calculations quickly. Another good aspect of this accounting calculator is its full dot 4-line display means it has four times the display than its competitors. Moreover, it is easy to read as it features a convenient 3-digit read-out with comma markers.
Also, it has a wide range of preset functions to calculate depreciation, declining balance, bond purchase price, and the annual rate of yield with date/period input. Moreover, it is solar-powered, so you don’t have to change batteries every time.
4. Sharp QS-2130 12-Digit Desktop Calculator
If you are a student learning accounting and looking for an extra-large LCD, then Sharp QS-2130 is undoubtedly the best option. It features a 12-digit extra-large display and a wide keyboard. In addition, there are multiple use keys to simplify the calculations and save time.
It also has selectable decimal and rounding slide switches, mark-up key, percent key, 4-key independent memory plus second two-key memory, plus/minus equal keys, add mode and constant sigma mode selectors. In addition, it can run on twin power modes that is solar and battery, thereby conserving power.
5. HP 17BII+ Calculator, Silver
This HP calculator provides over 250 accounting functions. Rather than a single line, it has a 2-line with a total 22-character display. HP 17BII+ is ideal for those students running long calculations. In addition, this HP calculator provides RPN or algebraic data entry modes.
The HP 17BII+ calculator has a built-in memory of 28Kb and power-off protection. The best part is that it offers you a choice of various language operations such as German, French, English, Spanish, Italian, or Portuguese. It comes with a one-year warranty too.
From the above buying guide options, you might have understood that-
- An accounting calculator has functions and features made to solve different types of accounting and financial problems.
- Accounting calculators come with primary accounting keys such as Tax, currency conversion, etc.
- They have a two-line, four-line, or multiline display.
After extensive research and as per our knowledge we have listed all the above products. However, selecting the best Calculator for accounting students from the above list is difficult, so we would like to recommend one, and that is, the Texas Instruments BAII Plus Calculator.
We hope the above buying guide will help you to select the best Calculator for your learning. So go ahead and perform your calculations.