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Accounting

Bachelor of Art Degree

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Learn more about our program...

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 as accountants in public, private or governmental agencies.

Accounting students receive experiential learning through student leadership, internships and networking with professionals in the industry, paired with coursework that integrates 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
Curriculum
  • BA Degree – Accounting Major

    In addition to the essential education requirements, majors in Accounting must complete a concentration of 43 semester hours in Accounting, Business, Economics, and Information Technology, including:

    One of the following:

    An Accounting major must also complete:

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

    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.

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

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

    • ACCT3320VITA: Volunteer Income Tax Assistance
      ACCT3320 VITA: Volunteer Income Tax Assistance - 1 s.h.

      Students will be trained and will provide free tax assistance to non-resident alien students who may desire assistance with their U.S. tax forms. Tax preparation workshops are held. May be repeated once for credit.

    • 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 MATH1380. +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
      ACCT4100 Auditing - 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 MATH1380.

    • BUAD1420Math for Decision Making
      BUAD1420 Math for Decision Making - 3 s.h.

      A beginning course in finite mathematics and calculus for students in business, economics, management, and the social and life sciences. Prerequisites: Two years of high school algebra.

    • BUAD3320Principles of Management
      BUAD3320 Principles of Management - 3 s.h.

      Fundamentals of planning, organizing, directing, coordinating, and controlling business activity. Prerequisites: Junior standing. Goal 6

    • BUAD3340Business Law
      BUAD3340 Business Law - 3 s.h.

      Study of legal rules governing the usual business transactions and relations. Consideration of selected cases in areas such as contracts, agency, sales, negotiable instruments, private property, and bankruptcy. Prerequisite: Junior standing or above.

    • BUAD3380Principles of Business Finance
      BUAD3380 Principles of Business Finance - 3 s.h.

      A study of principles and problems basic to a business firm’s decisions in planning for and managing financial resources for the purpose of maximizing the value of these resources. Prerequisites: ACCT2320, ECON1320, MATH1380 and junior standing.

    • CSIT3500Management of Information Systems
      CSIT3500 Management of Information Systems - 3 s.h.

      Study of the fundamentals of information technology and how they support and interact with business organizations. Emphasis is on building a broad, basic technology framework.

    • ECON1300Principles of Macroeconomics
      ECON1300 Principles of Macroeconomics - 3 s.h.

      Analysis of the fundamental principles of the American economic system, centering on price, national income, international trade and finance, fiscal policy, monetary policy, money, and banking. Prerequisite: 1 year high school algebra; geometry recommended. Goal 1C, ELO5 Social Science - World Citizenship, ELO5 Social Science - Innovation

    • 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

    • MATH1380Introduction to Statistics
      MATH1380 Introduction to Statistics - 3 s.h.

      Data analysis and measures of central tendency, dispersion, and correlation. Introduction to probability. Estimation and hypothesis testing. Bivariate regression. Elementary ANOVA. Introduction to nonparametric techniques. Prerequisite: 1 year high school algebra. Goal 3A, ELO6 Math

    • MATH1510Calculus I
      MATH1510 Calculus I - 4 s.h.

      Limits, continuity, differentiation, and applications including exponential, logarithmic, trigonometric, and inverse functions. Mean value theorem, curve sketching, Riemann sums, and the fundamental theorem of calculus. Prerequisite: 2 years high school algebra. Goal 3A, ELO6 Math

    ACCT2310Financial Accounting ACCT2320Managerial Accounting ACCT3310Tax Accounting ACCT3320VITA: Volunteer Income Tax Assistance ACCT3360Intermediate Accounting I ACCT3400Cost Accounting for Managerial Control and Strategic Planning ACCT3460Intermediate Accounting II ACCT4100Auditing ACCT4120Internship in Accounting ACCT4200Seminar in Accounting BUAD1420Math for Decision Making BUAD3320Principles of Management BUAD3340Business Law BUAD3380Principles of Business Finance CSIT3500Management of Information Systems ECON1300Principles of Macroeconomics ECON1320Principles of Microeconomics MATH1380Introduction to Statistics MATH1510Calculus 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.

    ACCT3310 Tax Accounting - 3 s.h.

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

    ACCT3320 VITA: Volunteer Income Tax Assistance - 1 s.h.

    Students will be trained and will provide free tax assistance to non-resident alien students who may desire assistance with their U.S. tax forms. Tax preparation workshops are held. May be repeated once for credit.

    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 MATH1380. +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 - 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 MATH1380.

    BUAD1420 Math for Decision Making - 3 s.h.

    A beginning course in finite mathematics and calculus for students in business, economics, management, and the social and life sciences. Prerequisites: Two years of high school algebra.

    BUAD3320 Principles of Management - 3 s.h.

    Fundamentals of planning, organizing, directing, coordinating, and controlling business activity. Prerequisites: Junior standing. Goal 6

    BUAD3340 Business Law - 3 s.h.

    Study of legal rules governing the usual business transactions and relations. Consideration of selected cases in areas such as contracts, agency, sales, negotiable instruments, private property, and bankruptcy. Prerequisite: Junior standing or above.

    BUAD3380 Principles of Business Finance - 3 s.h.

    A study of principles and problems basic to a business firm’s decisions in planning for and managing financial resources for the purpose of maximizing the value of these resources. Prerequisites: ACCT2320, ECON1320, MATH1380 and junior standing.

    CSIT3500 Management of Information Systems - 3 s.h.

    Study of the fundamentals of information technology and how they support and interact with business organizations. Emphasis is on building a broad, basic technology framework.

    ECON1300 Principles of Macroeconomics - 3 s.h.

    Analysis of the fundamental principles of the American economic system, centering on price, national income, international trade and finance, fiscal policy, monetary policy, money, and banking. Prerequisite: 1 year high school algebra; geometry recommended. Goal 1C, ELO5 Social Science - World Citizenship, ELO5 Social Science - Innovation

    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

    MATH1380 Introduction to Statistics - 3 s.h.

    Data analysis and measures of central tendency, dispersion, and correlation. Introduction to probability. Estimation and hypothesis testing. Bivariate regression. Elementary ANOVA. Introduction to nonparametric techniques. Prerequisite: 1 year high school algebra. Goal 3A, ELO6 Math

    MATH1510 Calculus I - 4 s.h.

    Limits, continuity, differentiation, and applications including exponential, logarithmic, trigonometric, and inverse functions. Mean value theorem, curve sketching, Riemann sums, and the fundamental theorem of calculus. Prerequisite: 2 years high school algebra. Goal 3A, ELO6 Math

  • Accounting Minor

    A minor in Accounting consists of 18 semester hours or more 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.

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 processor 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
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Exceptional Faculty

Why Graceland

 • Students have opportunities for experiential learning and internships with seasoned industry professionals 

• Graceland’s essential education encourages critical thinking and well-balanced learning that contributes to creative problem solving 

• Broad learning allows students to explore a wide range of financial and accounting professions 

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Career Growth Ahead

An accounting major from Graceland University can help to prepare you for these careers:

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

               …and many other exciting fields.

Employed in Field

83%

Accounting graduates

Estimated Salary

$78,700

Accounting graduates

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Tuition & Aid

An education from Graceland is one of the greatest investments you can make but we understand that cost is often a concern. See our direct undergraduate tuition costs, room and board and other student fees and use our tuition calculator to get an estimate of what your cost will be. Find out how what a sample Graceland financial aid award package looks like.

ExpenseAnnual CostSemester Cost
Tuition$31,250$15,625
Room (based on a two-person room)$3,770$1,885
Board$6,040$3,020
Activity Fee $370$185
University Technology Fee$300$150
TOTAL DIRECT COSTS$41,730$20,865
Find out more!