Graceland University Undergraduate Educational Program: Accounting

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:
- ACCT2310 Financial Accounting – 3 s.h.
- ACCT2320 Managerial Accounting – 3 s.h.
- ACCT3220 Agricultural Accounting and Taxation – 3 s.h.
- ACCT3240 Global Issues in Accounting – 3 s.h.
- ACCT3310 Tax Accounting – 3 s.h.
- ACCT3360 Intermediate Accounting I – 3 s.h.
- ACCT3400 Cost Accounting for Managerial Control and Strategic Planning – 3 s.h.
- ACCT3460 Intermediate Accounting II – 3 s.h.
- ACCT4100 Auditing Concepts and Applications: A Risk Analysis Approach – 3 s.h.
- ACCT4120 Internship in Accounting – 3 s.h.
- ACCT4200 Seminar in Accounting – 3 s.h.
- ECON2100 Introductory Economic Data Analysis – 3 s.h.
Courses Required for General Education:
- ECON1320 Principles of Microeconomics – 3 s.h.
- MATH1500 Applied Calculus – 3 s.h.
- MATH1370 Statistics for Sciences – 3 s.h.
Students planning to sit for the CPA Exam will need additional hours. Acoounting majors are encoured 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 and either BUAD1420 or MATH1510.
- 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.
- ACCT3240Global Issues in Accounting
  ACCT3240 Global Issues in Accounting - 3 s.h.
  Addresses the professional challenges, the social contexts of the accounting discipline, and specific discipline based global issues. This course also introduces the impact of Artificial intelligence, Blockchain, Cloud computing and Data analytics on global accounting. Prerequisites: ACCT2310 and ACCT2320.
- 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).
- ACCT4200Seminar in Accounting
  ACCT4200 Seminar in Accounting - 3 s.h.
  An analysis of the problem of business and the functions of management in the determination of business policy in the various functional areas of the enterprise with extensive analysis of Financial Statements (Balance Sheets, Income Statements, and Cash Flow Statements). Prerequisites: ACCT3460, BUAD3320, BUAD3330, BUAD3380, and MATH1370.
- 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. Goal 1C, 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. Prerequisite: 1 year high school algebra. 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. Prerequisite: 2 years high school algebra. ELO6 Math, GE2B Foundational Skills-Mathematics/Quantitative.
ACCT2310Financial Accounting ACCT2320Managerial Accounting ACCT3220Agricultural Accounting and Taxation ACCT3240Global Issues in Accounting 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 ACCT4200Seminar in Accounting 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 and either BUAD1420 or MATH1510.

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.

ACCT3240 Global Issues in Accounting - 3 s.h.
Addresses the professional challenges, the social contexts of the accounting discipline, and specific discipline based global issues. This course also introduces the impact of Artificial intelligence, Blockchain, Cloud computing and Data analytics on global accounting. Prerequisites: ACCT2310 and ACCT2320.

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).

ACCT4200 Seminar in Accounting - 3 s.h.
An analysis of the problem of business and the functions of management in the determination of business policy in the various functional areas of the enterprise with extensive analysis of Financial Statements (Balance Sheets, Income Statements, and Cash Flow Statements). Prerequisites: ACCT3460, BUAD3320, BUAD3330, BUAD3380, and MATH1370.

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. Goal 1C, 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. Prerequisite: 1 year high school algebra. 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. Prerequisite: 2 years high school algebra. ELO6 Math, GE2B Foundational Skills-Mathematics/Quantitative.
Accounting Minor
A minor in Accounting consists of 18 semester hours or more in Accounting (except Seminary 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 and either BUAD1420 or MATH1510.
- 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 and either BUAD1420 or MATH1510.

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.
Course list - Accounting
Courses Offered
- ACCT2000Individual Study
  ACCT2000 Individual Study - 1-3 s.h.
  Individual study programs are self-directed learning experiences designed and carried out by the student with minimal assistance from others. Programs may be proposed for 1-3 s.h. credit as a means of meeting the student's specific educational objectives beyond the regular course offerings.
- 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 and either BUAD1420 or MATH1510.
- ACCT3000Individual Study
  ACCT3000 Individual Study - 1-3 s.h.
  Individual study programs are self-directed learning experiences designed and carried out by the student with minimal assistance from others. Programs may be proposed for 1-3 s.h. credit as a means of meeting the student's specific educational objectives beyond the regular course offerings.
- ACCT3200Governmental and Nonprofit Accounting
  ACCT3200 Governmental and Nonprofit Accounting - 3 s.h.
  A study of accounting and financial reporting principles for state and local governments, hospitals, colleges and universities, and other nonprofit entities. Prerequisite: ACCT2310 Financial Accounting. +This course is only offered every other year.
- ACCT3210Financial Statement Reporting and Analysis
  ACCT3210 Financial Statement Reporting and Analysis - 3 s.h.
  The financial theory and application in financial statement analysis from the perspective of financial statement users. Students will learn to interpret and analyze financial statements for tasks such as credit and security analyses, lending and investment decisions, and other managerial decisions that rely on financial data. 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.
- ACCT3240Global Issues in Accounting
  ACCT3240 Global Issues in Accounting - 3 s.h.
  Addresses the professional challenges, the social contexts of the accounting discipline, and specific discipline based global issues. This course also introduces the impact of Artificial intelligence, Blockchain, Cloud computing and Data analytics on global accounting. Prerequisites: ACCT2310 and ACCT2320.
- 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.
- ACCT3900Topics in Accounting
  ACCT3900 Topics in Accounting - 1-3 s.h.
  Study of selected topics from areas in accounting such as governmental accounting and advanced tax. Topics are announced prior to each semester they are offered. May be repeated for credit when the topics vary.
- ACCT4000Individual Study
  ACCT4000 Individual Study - 1-3 s.h.
  Individual study programs are self-directed learning experiences designed and carried out by the student with minimal assistance from others. Programs may be proposed for 1-3 s.h. credit as a means of meeting the student's specific educational objectives beyond the regular course offerings.
- 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).
- ACCT4200Seminar in Accounting
  ACCT4200 Seminar in Accounting - 3 s.h.
  An analysis of the problem of business and the functions of management in the determination of business policy in the various functional areas of the enterprise with extensive analysis of Financial Statements (Balance Sheets, Income Statements, and Cash Flow Statements). Prerequisites: ACCT3460, BUAD3320, BUAD3330, BUAD3380, and MATH1370.
- ACCT4360Advanced Accounting
  ACCT4360 Advanced Accounting - 3 s.h.
  A study of topics including partnership, corporate liquidation, foreign currency transactions, business combinations and stock investments. Prerequisite: ACCT3360. +This course is only offered every other year.
ACCT2000Individual Study ACCT2310Financial Accounting ACCT2320Managerial Accounting ACCT3000Individual Study ACCT3200Governmental and Nonprofit Accounting ACCT3210Financial Statement Reporting and Analysis ACCT3220Agricultural Accounting and Taxation ACCT3240Global Issues in Accounting ACCT3310Tax Accounting ACCT3360Intermediate Accounting I ACCT3400Cost Accounting for Managerial Control and Strategic Planning ACCT3460Intermediate Accounting II ACCT3900Topics in Accounting ACCT4000Individual Study ACCT4100Auditing Concepts and Applications – A Risk Analysis Approach ACCT4120Internship in Accounting ACCT4200Seminar in Accounting ACCT4360Advanced Accounting
Course Descriptions

ACCT2000 Individual Study - 1-3 s.h.
Individual study programs are self-directed learning experiences designed and carried out by the student with minimal assistance from others. Programs may be proposed for 1-3 s.h. credit as a means of meeting the student's specific educational objectives beyond the regular course offerings.

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 and either BUAD1420 or MATH1510.

ACCT3000 Individual Study - 1-3 s.h.
Individual study programs are self-directed learning experiences designed and carried out by the student with minimal assistance from others. Programs may be proposed for 1-3 s.h. credit as a means of meeting the student's specific educational objectives beyond the regular course offerings.

ACCT3200 Governmental and Nonprofit Accounting - 3 s.h.
A study of accounting and financial reporting principles for state and local governments, hospitals, colleges and universities, and other nonprofit entities. Prerequisite: ACCT2310 Financial Accounting. +This course is only offered every other year.

ACCT3210 Financial Statement Reporting and Analysis - 3 s.h.
The financial theory and application in financial statement analysis from the perspective of financial statement users. Students will learn to interpret and analyze financial statements for tasks such as credit and security analyses, lending and investment decisions, and other managerial decisions that rely on financial data. 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.

ACCT3240 Global Issues in Accounting - 3 s.h.
Addresses the professional challenges, the social contexts of the accounting discipline, and specific discipline based global issues. This course also introduces the impact of Artificial intelligence, Blockchain, Cloud computing and Data analytics on global accounting. Prerequisites: ACCT2310 and ACCT2320.

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.

ACCT3900 Topics in Accounting - 1-3 s.h.
Study of selected topics from areas in accounting such as governmental accounting and advanced tax. Topics are announced prior to each semester they are offered. May be repeated for credit when the topics vary.

ACCT4000 Individual Study - 1-3 s.h.
Individual study programs are self-directed learning experiences designed and carried out by the student with minimal assistance from others. Programs may be proposed for 1-3 s.h. credit as a means of meeting the student's specific educational objectives beyond the regular course offerings.

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).

ACCT4200 Seminar in Accounting - 3 s.h.
An analysis of the problem of business and the functions of management in the determination of business policy in the various functional areas of the enterprise with extensive analysis of Financial Statements (Balance Sheets, Income Statements, and Cash Flow Statements). Prerequisites: ACCT3460, BUAD3320, BUAD3330, BUAD3380, and MATH1370.

ACCT4360 Advanced Accounting - 3 s.h.
A study of topics including partnership, corporate liquidation, foreign currency transactions, business combinations and stock investments. Prerequisite: ACCT3360. +This course is only offered every other year.

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