Accounting

Enroll in Graceland’s accountant program and learn everything there is to know about financials, numbers, analysis, and more. Our BS in Accounting will set you up for a successful career.

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Discover the Accounting Major at Graceland University

An accounting major from Graceland provides students with the skills necessary for a successful career in many different financial fields. Students are able to learn in a collaborative environment where they practice teamwork and communication skills, which are critical for success in many different areas. Students find themselves well-prepared to sit for CPA and CMA exams and are well-equipped for success in jobs for accounting majors through public, private, or governmental agencies. Students can opt to minor in other programs in order to specialize in a specific field of accounting before graduation.

Accounting major students receive experiential learning through student leadership, internships, and networking with professionals in the industry, paired with coursework and accounting degree requirements that integrate data-driven analysis and decision-making throughout the curriculum. Students develop an accounting skillset grounded in Graceland’s liberal arts education, creating well-rounded professionals who are able to think critically about issues they face.

Offerings
Major, Minor
Field of Study
Business
Format
Lamoni Campus

Graceland is a proud member of the ACBSP.

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Student Testimonial
The class sizes at Graceland are the perfect size for professors to get to know students on a very personal basis. I have made great connections with many of my professors that reach well beyond the subject they teach and I consider some of them as very close friends even after graduation. The smaller class sizes are also very helpful for group discussions. In one of my intermediate accounting classes, we had a group of students that would sometimes have side conversations of questions for each other. One day we noticed our professor stopped her lecture and looked at us as we were asking each other questions. We apologized for interrupting her and she said for us to continue because the questions we were asking each other were even more beneficial than her lecture.
Robby Donarski '20 Auditor, Ernst & Young Accounting, Business Administration, Music
Curriculum
  • BA Degree – Accounting Major

    In addition to the general education requirements, majors in Accounting must complete a concentration of 36 semester hours in Accounting and Economics including:

    Courses Required for General Education:

    Students planning to sit for the CPA Exam will need additional hours. Accounting majors are encouraged to also complete the Business Management major.

    Other Recommendations: Leadership Academy Certificate

    Courses Offered
    • ACCT2310Financial Accounting
      ACCT2310 Financial Accounting - 3 s.h.

      An introduction to the study of accounting dealing with the preparation and analysis of the balance sheet, income statement, and related accounting records. Prerequisites: One MATH course.

    • ACCT2320Managerial Accounting
      ACCT2320 Managerial Accounting - 3 s.h.

      The selection and analysis of accounting information for internal use by management. Prerequisite: ACCT2310.

    • ACCT3220Agricultural Accounting and Taxation
      ACCT3220 Agricultural Accounting and Taxation - 3 s.h.

      Exposure to accounting methods and taxation policies specific to agricultural producers and businesses. Prerequisite: ACCT2310 Financial Accounting.

    • ACCT3310Tax Accounting
      ACCT3310 Tax Accounting - 3 s.h.

      A study of federal income tax provisions relating to individuals, corporations, and partnerships.

    • ACCT3360Intermediate Accounting I
      ACCT3360 Intermediate Accounting I - 3 s.h.

      Accounting theory and practice applicable to determination of asset values and related problems of income determination. Prerequisites: ACCT2320.

    • ACCT3400Cost Accounting for Managerial Control and Strategic Planning
      ACCT3400 Cost Accounting for Managerial Control and Strategic Planning - 3 s.h.

      Development of cost accumulation and reporting systems for a firm's strategy and structure with an emphasis on integrating cost information into the firms strategic plan. Prerequisite: ACCT2320 and MATH1370. +This course is only offered every other year.

    • ACCT3460Intermediate Accounting II
      ACCT3460 Intermediate Accounting II - 3 s.h.

      Accounting theory and practice applicable to liabilities and owner’s equity, special problem areas related to income determination and financial reporting, and international transactions. Prerequisite: ACCT3360.

    • ACCT4100Auditing Concepts and Applications – A Risk Analysis Approach
      ACCT4100 Auditing Concepts and Applications – A Risk Analysis Approach - 3 s.h.

      An introduction to the study of auditing principles and standards. Provides a working knowledge of auditing procedures. Prerequisite: ACCT3360.

    • ACCT4120Internship in Accounting
      ACCT4120 Internship in Accounting - 1-3 s.h.

      An internship that allows students to work with accountants. The student will play an active role in identifying potential field sponsors. Repeatable to a maximum of 12 hours. Prerequisite: Instructor’s consent. (Graded on a Pass/Fail basis).

    • BUAD4220Seminar in Accounting and Finance
      BUAD4220 Seminar in Accounting and Finance - 3 s.h.

      A comprehensive capstone course for students majoring in Finance that integrates material from previous courses taken in the major and explores a wide range of finance-related topics, including the ethical issues affecting the current financial environment of business firms. Pre-requisites: BUAD3370, BUAD3380.

    • ECON1320Principles of Microeconomics
      ECON1320 Principles of Microeconomics - 3 s.h.

      Analysis of the fundamental principles of the American economic system, centering on price, production, market structures, and a survey of contemporary economic problems, e.g. sustainability. ELO5 Social Science - Sustainability

    • ECON2100Introductory Economic Data Analysis
      ECON2100 Introductory Economic Data Analysis - 3 s.h.

      An introduction to economic data and statistical techniques commonly applied in business settings. Topics include understanding the basics of data interpretation, manipulation, and visualization. Students will learn how to carry out and interpret basic linear regression and other methods of statistical analysis in Excel.

    • MATH1370Statistics for Sciences
      MATH1370 Statistics for Sciences - 3 s.h.

      Data analysis and measures of central tendency, dispersion, and correlation. Introduction to probability. Estimation and hypothesis testing. Bivariate regression. ANOVA. Introduction to nonparametric techniques. ELO6 Math, GE2B Foundational Skills-Mathematics/Quantitative.

    • MATH1500Applied Calculus
      MATH1500 Applied Calculus - 3 s.h.

      An introduction to differential and integral calculus. Topics include limits, continuity, differentiation and integration techniques, and applications. ELO6 Math, GE2B Foundational Skills-Mathematics/Quantitative.

    ACCT2310Financial Accounting ACCT2320Managerial Accounting ACCT3220Agricultural Accounting and Taxation ACCT3310Tax Accounting ACCT3360Intermediate Accounting I ACCT3400Cost Accounting for Managerial Control and Strategic Planning ACCT3460Intermediate Accounting II ACCT4100Auditing Concepts and Applications – A Risk Analysis Approach ACCT4120Internship in Accounting BUAD4220Seminar in Accounting and Finance ECON1320Principles of Microeconomics ECON2100Introductory Economic Data Analysis MATH1370Statistics for Sciences MATH1500Applied Calculus
    Course Descriptions
    ACCT2310 Financial Accounting - 3 s.h.

    An introduction to the study of accounting dealing with the preparation and analysis of the balance sheet, income statement, and related accounting records. Prerequisites: One MATH course.

    ACCT2320 Managerial Accounting - 3 s.h.

    The selection and analysis of accounting information for internal use by management. Prerequisite: ACCT2310.

    ACCT3220 Agricultural Accounting and Taxation - 3 s.h.

    Exposure to accounting methods and taxation policies specific to agricultural producers and businesses. Prerequisite: ACCT2310 Financial Accounting.

    ACCT3310 Tax Accounting - 3 s.h.

    A study of federal income tax provisions relating to individuals, corporations, and partnerships.

    ACCT3360 Intermediate Accounting I - 3 s.h.

    Accounting theory and practice applicable to determination of asset values and related problems of income determination. Prerequisites: ACCT2320.

    ACCT3400 Cost Accounting for Managerial Control and Strategic Planning - 3 s.h.

    Development of cost accumulation and reporting systems for a firm's strategy and structure with an emphasis on integrating cost information into the firms strategic plan. Prerequisite: ACCT2320 and MATH1370. +This course is only offered every other year.

    ACCT3460 Intermediate Accounting II - 3 s.h.

    Accounting theory and practice applicable to liabilities and owner’s equity, special problem areas related to income determination and financial reporting, and international transactions. Prerequisite: ACCT3360.

    ACCT4100 Auditing Concepts and Applications – A Risk Analysis Approach - 3 s.h.

    An introduction to the study of auditing principles and standards. Provides a working knowledge of auditing procedures. Prerequisite: ACCT3360.

    ACCT4120 Internship in Accounting - 1-3 s.h.

    An internship that allows students to work with accountants. The student will play an active role in identifying potential field sponsors. Repeatable to a maximum of 12 hours. Prerequisite: Instructor’s consent. (Graded on a Pass/Fail basis).

    BUAD4220 Seminar in Accounting and Finance - 3 s.h.

    A comprehensive capstone course for students majoring in Finance that integrates material from previous courses taken in the major and explores a wide range of finance-related topics, including the ethical issues affecting the current financial environment of business firms. Pre-requisites: BUAD3370, BUAD3380.

    ECON1320 Principles of Microeconomics - 3 s.h.

    Analysis of the fundamental principles of the American economic system, centering on price, production, market structures, and a survey of contemporary economic problems, e.g. sustainability. ELO5 Social Science - Sustainability

    ECON2100 Introductory Economic Data Analysis - 3 s.h.

    An introduction to economic data and statistical techniques commonly applied in business settings. Topics include understanding the basics of data interpretation, manipulation, and visualization. Students will learn how to carry out and interpret basic linear regression and other methods of statistical analysis in Excel.

    MATH1370 Statistics for Sciences - 3 s.h.

    Data analysis and measures of central tendency, dispersion, and correlation. Introduction to probability. Estimation and hypothesis testing. Bivariate regression. ANOVA. Introduction to nonparametric techniques. ELO6 Math, GE2B Foundational Skills-Mathematics/Quantitative.

    MATH1500 Applied Calculus - 3 s.h.

    An introduction to differential and integral calculus. Topics include limits, continuity, differentiation and integration techniques, and applications. ELO6 Math, GE2B Foundational Skills-Mathematics/Quantitative.

  • Accounting Minor

    A minor in Accounting consists of 18 semester hours or more in Accounting (except Seminar in Accounting) including:

    Courses Offered
    • ACCT2310Financial Accounting
      ACCT2310 Financial Accounting - 3 s.h.

      An introduction to the study of accounting dealing with the preparation and analysis of the balance sheet, income statement, and related accounting records. Prerequisites: One MATH course.

    • ACCT2320Managerial Accounting
      ACCT2320 Managerial Accounting - 3 s.h.

      The selection and analysis of accounting information for internal use by management. Prerequisite: ACCT2310.

    • ACCT3360Intermediate Accounting I
      ACCT3360 Intermediate Accounting I - 3 s.h.

      Accounting theory and practice applicable to determination of asset values and related problems of income determination. Prerequisites: ACCT2320.

    ACCT2310Financial Accounting ACCT2320Managerial Accounting ACCT3360Intermediate Accounting I
    Course Descriptions
    ACCT2310 Financial Accounting - 3 s.h.

    An introduction to the study of accounting dealing with the preparation and analysis of the balance sheet, income statement, and related accounting records. Prerequisites: One MATH course.

    ACCT2320 Managerial Accounting - 3 s.h.

    The selection and analysis of accounting information for internal use by management. Prerequisite: ACCT2310.

    ACCT3360 Intermediate Accounting I - 3 s.h.

    Accounting theory and practice applicable to determination of asset values and related problems of income determination. Prerequisites: ACCT2320.

  • Data Analytics for Accounting Certificate

    Data analytics certificates are designed to equip students with:

    • the tools necessary to use and understand common data analysis techniques,
    • to understand the proper use of, and potential misuse of, data and analytics methods as a means of democratizing analytics,
    • increase the understanding of, and proficiency in, the use and application of analysis techniques in a chosen domain.

    Data analytics certificates are broken down into three levels:

    1. Introductory Level provides students with an understanding of the steps in the data analytics process necessary to take data to information to insight. At this level, students are introduced to the concepts of exploratory data analysis, how to use commonly available computer codes that execute ML and regression methods, learning the strengths and weaknesses of each.  Students will also be introduced to the basic principles of coding and databases in addition to the ethical use of data
    2. Domain Level provides students with experience in using the data science process and its robust tools to analyze and solve. problems in a specific content area.
    3. Capstone Level is for students to conduct a full data analytics project complete with problem definition, analysis, and dissemination. The project will be completed in conjunction with Community Partners that include Graceland, the local Iowa community, Graceland alums and their employers, and Graceland’s wholly owned subsidiary, SkillPath. Each project will be conducted by 2-3 students, a faculty member who serves as the Capstone Leader, and a Community Partner. Smaller and larger teams will be permitted depending on the nature of the project.

     

    Students wishing to earn the Data Analytics for Accounting certificate must complete the following 18 credit hours with Graceland University.

    Courses Offered
    • ACCT2310Financial Accounting
      ACCT2310 Financial Accounting - 3 s.h.

      An introduction to the study of accounting dealing with the preparation and analysis of the balance sheet, income statement, and related accounting records. Prerequisites: One MATH course.

    • ACCT2320Managerial Accounting
      ACCT2320 Managerial Accounting - 3 s.h.

      The selection and analysis of accounting information for internal use by management. Prerequisite: ACCT2310.

    • ACCT4100Auditing Concepts and Applications – A Risk Analysis Approach
      ACCT4100 Auditing Concepts and Applications – A Risk Analysis Approach - 3 s.h.

      An introduction to the study of auditing principles and standards. Provides a working knowledge of auditing procedures. Prerequisite: ACCT3360.

    • CSIT1100Principles of Computing
      CSIT1100 Principles of Computing - 3 s.h.

      An introduction to the fundamentals of computer programming through extensive practice developing software in the Python language. Fundamental terminology and topics such as integrated development environments, variables, data types, control structures, functions, and objects will be covered. ELO4 Global Learning - Innovation

    • DSCI1500Beginning Data Science and Data Analytics
      DSCI1500 Beginning Data Science and Data Analytics - 3 s.h.

      Introduction to the basic methods of analysis in Data Science and Data Analytics. This course introduces students to the basic statistical methods, coding applications, problem solving, and data integrity issues common to the field.

    • DSCI4700Capstone for Data Analytics Certificates
      DSCI4700 Capstone for Data Analytics Certificates - 3 s.h.

      The course covers the basic aspects of a complete data analytics project. Students will use data sets obtained from community partners. Students will work in teams with each team producing a problem definition in conjunction with the client, conducting the proposed analysis directed at providing insight into the problem, and disseminating the results of the analysis in written and oral form.

    ACCT2310Financial Accounting ACCT2320Managerial Accounting ACCT4100Auditing Concepts and Applications – A Risk Analysis Approach CSIT1100Principles of Computing DSCI1500Beginning Data Science and Data Analytics DSCI4700Capstone for Data Analytics Certificates
    Course Descriptions
    ACCT2310 Financial Accounting - 3 s.h.

    An introduction to the study of accounting dealing with the preparation and analysis of the balance sheet, income statement, and related accounting records. Prerequisites: One MATH course.

    ACCT2320 Managerial Accounting - 3 s.h.

    The selection and analysis of accounting information for internal use by management. Prerequisite: ACCT2310.

    ACCT4100 Auditing Concepts and Applications – A Risk Analysis Approach - 3 s.h.

    An introduction to the study of auditing principles and standards. Provides a working knowledge of auditing procedures. Prerequisite: ACCT3360.

    CSIT1100 Principles of Computing - 3 s.h.

    An introduction to the fundamentals of computer programming through extensive practice developing software in the Python language. Fundamental terminology and topics such as integrated development environments, variables, data types, control structures, functions, and objects will be covered. ELO4 Global Learning - Innovation

    DSCI1500 Beginning Data Science and Data Analytics - 3 s.h.

    Introduction to the basic methods of analysis in Data Science and Data Analytics. This course introduces students to the basic statistical methods, coding applications, problem solving, and data integrity issues common to the field.

    DSCI4700 Capstone for Data Analytics Certificates - 3 s.h.

    The course covers the basic aspects of a complete data analytics project. Students will use data sets obtained from community partners. Students will work in teams with each team producing a problem definition in conjunction with the client, conducting the proposed analysis directed at providing insight into the problem, and disseminating the results of the analysis in written and oral form.

Exceptional Faculty

Why Choose Graceland's Accounting Major?

As a student in Graceland’s Bachelor’s in Accounting, you’ll have opportunities for experiential learning and internships with seasoned industry professionals, better equipping you for life as an accountant post-graduation. Graceland’s second major in transformational leadership encourages critical thinking and well-balanced learning that contributes to creative problem-solving, and will ultimately make you a more well-rounded accountant. Graceland’s broad learning opportunities allow students to explore a wide range of financial and accounting professions.

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Career Growth Ahead

Students who graduate from Graceland’s accounting degree program go on to have careers at private, public, and governmental agencies. An accounting major from Graceland University can help to prepare you for careers such as:

  • Business analyst
  • Certified public accountant
  • Chief financial officer
  • Controller
  • Forensic accountant
  • Government accounting
  • Tax accountant

…and many other exciting fields.

BS in Accounting Post-Graduation Numbers

Employed in Field

83%

Accounting graduates

Estimated Salary

$78,700

Accounting graduates

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Tuition & Aid

99% of students on the Lamoni campus receive financial aid.

As you consider college, you want a simple, easy-to-understand formula designed to ensure that the one-of-a-kind Graceland Experience is within reach for your family. Undergraduate tuition includes our unique Transformational Leadership major, and we offer generous financial aid and scholarships to all of our students, making Graceland as affordable, if not moreso, than most public universities.

Find out more!
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