Ƶ

Accounting

Enroll in Ƶ’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 Ƶ

An accounting major from Ƶ 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 Ƶ’s liberal arts education, creating well-rounded professionals who are able to think critically about issues they face.

Ƶ is a proud member of the Accreditation Council for Business Schools and Programs

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  • Major/Minor
  • Bachelor of Arts
  • Residential - Lamoni Campus
  • 4-Years
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photo of Robby Donarski

Ƶ was perfect for me

The class sizes at Ƶ 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

Why Choose Ƶ's Accounting Major?

As a student in Ƶ’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. Ƶ’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. Ƶ’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 Ƶ’s accounting degree program go on to have careers at private, public, and governmental agencies. An accounting major from Ƶ 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.

Curriculum

  • 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 (optional)

    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 Ƶ, the local Iowa community, Ƶ alums and their employers, and Ƶ’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 Ƶ.

    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 (Python Programming)
      CSIT1100 Principles of Computing (Python Programming) - 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

    • DSCI1500Principles of Data Science and Analytics
      DSCI1500 Principles of Data Science and 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.

      This course provides students with a comprehensive, end-to-end experience in the execution of a data analytics project. Working collaboratively in teams and using authentic datasets provided by industry or community partners, students engage with clients to define the problem, prepare and analyze data, generate actionable insights, and communicate their findings through professional written reports and oral presentations. With the permission of the instructor, DSCI4700 may also be completed as an Individual Study.

    ACCT2310Financial Accounting ACCT2320Managerial Accounting ACCT4100Auditing Concepts and Applications – A Risk Analysis Approach CSIT1100Principles of Computing (Python Programming) DSCI1500Principles of Data Science and 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 (Python Programming) - 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 Principles of Data Science and 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.

    This course provides students with a comprehensive, end-to-end experience in the execution of a data analytics project. Working collaboratively in teams and using authentic datasets provided by industry or community partners, students engage with clients to define the problem, prepare and analyze data, generate actionable insights, and communicate their findings through professional written reports and oral presentations. With the permission of the instructor, DSCI4700 may also be completed as an Individual Study.

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 Ƶ 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 Ƶ as affordable, if not moreso, than most public universities.

Exceptional Business Faculty

Frequently Asked Questions

  • What will I be able to do with an Accounting degree from Ƶ?

    Quite a lot, honestly. Graduates go on to work in public accounting firms, corporate finance departments, government agencies, and nonprofit organizations. Common job titles include staff accountant, auditor, tax accountant, financial analyst, controller, and — further down the road — CFO. About 83% of Ƶ’s accounting graduates are working in the field after graduation, and the program is specifically designed to prepare you to sit for the CPA and CMA exams, which open even more doors.

  • What's the job market like for accountants right now?

    It’s strong and getting stronger. According to the U.S. Bureau of Labor Statistics, employment for accountants and auditors is projected to grow 5% from 2024 to 2034 — faster than the average for all occupations — with roughly 124,200 job openings expected every year across the country. Much of that demand is being driven by retirements in the field, globalization, and a more complex regulatory environment. In short, there’s a real and growing need for trained accounting professionals.

    Source: U.S. Bureau of Labor Statistics, Occupational Outlook Handbook — Accountants and Auditors (2024–2034 projections, May 2024 wage data).

  • How much can I expect to earn as an accountant?

    The median annual wage for accountants and auditors was $81,680 as of May 2024, according to the Bureau of Labor Statistics — well above the national median of $49,500 for all U.S. occupations. Ƶ’s own graduate data puts the estimated salary for accounting alumni at $78,700. From there, earning potential climbs significantly with experience and credentials: senior accountants, audit managers, and compliance directors routinely earn $95,000–$165,000 or more. Earning a CPA license typically boosts compensation by 10–15% on its own.

    Source: U.S. Bureau of Labor Statistics, Occupational Outlook Handbook — Accountants and Auditors (2024–2034 projections, May 2024 wage data).

  • Does Ƶ's program prepare me to take the CPA exam?

    Yes, and that’s a deliberate part of the curriculum. Courses in financial accounting, intermediate accounting, auditing, tax accounting, and cost accounting all align directly with the content areas tested on the CPA exam. Students planning to sit for the exam should note that CPA licensure typically requires 150 credit hours total — more than a standard bachelor’s degree — so Ƶ advisors encourage accounting majors to plan ahead, whether by pursuing a double major, adding minors, or considering graduate study.

  • What kinds of courses will I take as an Accounting major?

    The major requires 36 hours of accounting and economics coursework. You’ll start with Financial and Managerial Accounting, then move into upper-division courses covering Intermediate Accounting I and II, Tax Accounting, Cost Accounting, Auditing, and a capstone Seminar in Accounting and Finance. You’ll also take Economics and Statistics courses that give you the analytical toolkit employers expect. There’s even a course in Agricultural Accounting and Taxation — a unique and practical offering given Ƶ’s location in the heart of Iowa’s agricultural economy.

  • Is there real-world experience built into the program?

    Yes. An Accounting Internship (ACCT 4120) is a required part of the major. Students work directly with accounting professionals in the field and play an active role in identifying their placement — which is good practice for the kind of professional networking that defines a successful accounting career. Faculty also connect students with industry professionals throughout their time at Ƶ, and the program emphasizes experiential learning alongside classroom instruction.

  • Can I specialize in a particular area of accounting?

    Absolutely. Ƶ offers minors in related areas that let you tailor your degree toward a specific career path. There’s also a Data Analytics for Accounting Certificate — an 18-credit program that adds Python programming and data science skills to your accounting foundation — which is increasingly valuable as the profession moves toward more data-driven analysis. Pairing an accounting major with the Business Management major (which Ƶ actively encourages) gives you an even broader skill set.

  • What makes Ƶ's Accounting program different from a larger university?

    The size. Small class sizes mean professors actually get to know you — and you genuinely learn from them and your classmates in ways that don’t happen in a lecture hall of 200 students. Ƶ is accredited by ACBSP (Accreditation Council for Business Schools and Programs), which is a meaningful mark of quality for a business program. The combination of rigorous coursework, a liberal arts foundation, and a required second major in Transformational Leadership produces graduates who can do the technical work and communicate well, lead teams, and think critically — qualities that matter a lot to employers.

  • What if I want to go into a niche area like forensic accounting or government accounting?

    Those are both viable paths with a Ƶ degree. Forensic accountants investigate financial fraud and often work with law enforcement or legal teams — it’s a specialty that typically requires some additional certification (like the CFE designation) beyond your bachelor’s, but the foundational coursework here maps well to it. Government accounting covers everything from municipal budgets to federal agency work, and the auditing and tax coursework in the program is directly applicable. The key is pairing your degree with relevant internship experience and, if possible, a relevant certification after graduation.

  • Do I need to be a "math person" to succeed in accounting?

    You need to be comfortable with numbers and analytical thinking, but accounting isn’t advanced mathematics — it’s more about logic, precision, and understanding how financial systems work. The program requires College Algebra and Statistics, plus an introductory course in economic data analysis that uses Excel. If those don’t intimidate you, you’re in good shape. Many successful accountants would describe themselves as detail-oriented problem-solvers more than mathematicians.

  • What's the difference between an accountant and a financial analyst — and could I do either?

    Great question. Accountants focus on recording, reporting, and ensuring the accuracy of financial records — the backbone of any organization’s finances. Financial analysts focus more on interpreting that data to guide investment decisions and business strategy. With a Ƶ accounting degree, you’re well-positioned for either path. The curriculum includes economics, data analysis, and a capstone finance seminar that develops the analytical skills financial analyst roles require. Finance is also offered as a separate major at Ƶ if you want to lean more heavily in that direction.

  • What do Ƶ accounting graduates actually go on to do?

    Alumni have gone on to work at major public accounting firms (including Big Four firms like Ernst & Young), regional CPA practices, corporate finance departments, and government agencies. One recent graduate, Robby Donarski (’20), went directly into an auditing role at Ernst & Young — a firm that regularly recruits from smaller institutions when candidates are well-prepared. The combination of internship experience, strong faculty mentorship, and a curriculum built around CPA readiness gives Ƶ graduates a real competitive edge, even going up against graduates from much larger schools.

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