Accounting

 

Overview

The Accounting major at Grace College is designed to meet the needs of students who wish to become Certified Public Accountants (CPA) or Certified Management Accountants (CMA) and also for students who do not plan to pursue such a certification.

One measure of success in an Accounting program is the percentage of graduates passing the CPA exam on their first attempt.  Grace College's percentage of graduates passing the CPA on their first attempt continues to remain consistently higher than the national average.  In 2011, Grace graduates placed 10th in the nation out of 793 schools and first in Indiana in first time CPA exam pass rate.

Grace College has received specialized accreditation for its business program through the International Assembly for Collegiate Business Education (IACBE) located at 11374 Strang Line Road in Lenexa, Kansas, USA. Accounting is a broad field with several different career paths. Graduates may choose to pursue a career such as financial accounting, managerial or cost accounting, auditing, tax, governmental accounting, or not-for-profit accounting.

The Accounting Program at Grace College prepares graduates for such careers. If the student wishes to pursue a certification after graduation (CPA or CMA are the most common), majoring in accounting at Grace provides the necessary coursework in both accounting and business to meet the requirements to take these exams for most states. Most states now require 150 hours of college credit to sit for the CPA exam. The Grace College Accounting Program helps students achieve 150 hours of credit in 4 years instead of the 5 years required at many other colleges. Accounting courses at Grace are appropriately rigorous, preparing students for professional careers in accounting.

 

Read the full press release.

Course Requirements for B.A. or B.S. AccountingCourse Requirements for Accounting Minor

Courses

Examples of courses in this major:

ACC3110-3120 Intermediate Accounting I and II

Integrates accounting theories and concepts in the preparation and analysis of financial statements with emphasis on corporate accounting. During the two semesters, students encounter a detailed study of the balance sheet.

ACC3210 Cost Accounting

Emphasis on job order cost, process cost, and standard cost systems, as well as the use of cost data in decision making.

ACC3250 Computerized Accounting Systems

This course is a practical study and use of technology to record and present accounting data.

ACC3390 Federal Income Tax

This course provides an overview of the structure of the federal income tax, including the tax treatment of individuals, business entities and investments.  Based on this overvie, tax compliance, tax planning and the role of taxes in decision making are examined.

ACC4310 Auditing

Emphasis on the principles underlying the verification of financial statements by independent public accountants and the auditor’s report.

Faculty

Careers

Testimonials