皇冠体育

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ACCOUNTING

100%
OF INCOMING FIRST-YEARS & TRANSFERS
Receive scholarships or grants
Prepare
FOR SUCCESS
Our program is designed with CPA and CMA exams in mind
96%
Employment Rate
of surveyed alumni within 9 months of graduation

Crunching numbers and kickstarting careers

A hands-on accounting education is waiting for you at 皇冠体育.

Translating numbers into knowledge sounds like a superpower, but for an accountant, it’s all in a day’s work. Accounting is a high-demand field with opportunities across many different industries. Specializations like tax accounting, auditing, and accounting management need versatile graduates with distinct knowledge.

Our program focuses on building accounting knowledge through practical experience for traditional students and working professionals. Working closely with the needs of the local business community helps us ensure both quality career placements for our students and great accountants for employers.

Why should I choose 皇冠体育?

Challenge your skills with hands-on projects

All accounting students start learning with our strong integrated course sequence called the business core. Once your foundational knowledge is established, accounting students benefit from practical experience through advanced accounting projects.

By simulating what you can expect in a job environment, you can learn what subtypes of accounting interest you, how to handle data, and experience the complexities of taxes firsthand.

Utilize tax software to generate tax returns, learn about audit errors and discovery by conducting a full audit, and keep the books for a non-profit organization while enhancing your professional communication skills. These experiences beyond the textbook help you figure out your path to entering the workforce and give you a leg up on other accounting graduates when you get there.

Opportunity abounds in the high-demand accounting field

Accounting happens in every business setting, in businesses of all sizes and of all industries. An effective accountant who can communicate interpretations of numbers is an essential asset to employers—that’s where you come in.

Our partnerships with local businesses in the Cedar Rapids Corridor assist with internship and job placement in a variety of paths like tax accounting, non-profit accounting, accounting management, auditing, and more.

In addition to entering the workforce, many accounting students pursue additional certification through professional exams, including the Certified Public Accountant (CPA) and Certified Management Accountant (CMA) exams. Mount Mercy’s accounting program is designed to provide you with the skills and coursework necessary to prepare for these exams.

Continued education, like combining your accounting degree with a finance double major or continuing to aMaster's of Business Administration at 皇冠体育—or one of our three other graduate Business & Leadership programs—provides even more options for your future career.

We also have an articulation agreement with the University of Iowa's Master of Accountancy program to facilitate the admission of our graduates into the program.

"My professors have made learning relatable, and that makes for an interesting experience—they helped me seal the deal for my major."

Megan Miller '17
Accounting

What courses will I take?

Core Requirements for all Business Majors

Required:
BA203Principles of Law3
BA250Technology & Communication In Business3
BA270Business Statistics3
orMA135 Basic Statistics
BA379Financial Management3
BA435Senior Seminar in Business3
orBA436 Business Strategy Seminar
BC265Principles Of Accounting I3
BC266Principles Of Accounting II3
BK208Principles Of Marketing3
BN204Principles Of Management3
EC251Macroeconomics Principles3
EC252Microeconomic Principles3
Choose One of the Following:3
MA130
Finite Mathematics
MA132
Basic Mathematical Modeling
MA139
Pre-Calculus
MA164
Calculus I (Required for Actuarial Science Majors)
Internship - use course number which corresponds to your major:3
BA425
Finance Internship
BC425
Accounting Internship
BK421
Marketing Internship
BN424
Management Internship
GS424
Experiential Learning
The internship credits used for the business core CANNOT double count as a major elective.
Total Hours39

Accounting Major (Core business requirements plus 24 additional semester hours)

Business Core39
Required:
BC315Cost Accounting3
BC325Intermediate Accounting I3
BC326Intermediate Accounting II3
BC440Auditing Principles and Practices3
BC442Tax Accounting3
BC444Advanced Accounting3
Choose Two of the Following:6
BC316
Advanced Cost Accounting
BC330
Government & Not-for-Profit Accounting
BC441
Advanced Auditing
BC443
Advanced Tax Accounting
Total Hours63

Academic Requirement

  1. Allaccounting majors or minorsmust achieve a minimum grade of C- in all accounting courses required for the major or minor. This requirement applies equally to any course equivalents that may be accepted by transfer from any other college/university.
  2. See the additional Academic Requirementsfor all business department majors and minors found in theBusiness Administrationsection of theCatalog.

Accounting Minor

Required:
BC265Principles Of Accounting I3
BC266Principles Of Accounting II3
BA250Technology & Communication In Business3
EC251Macroeconomics Principles3
EC252Microeconomic Principles3
Choose Four of the Following: 12
BC315
Cost Accounting
BC316
Advanced Cost Accounting
BC325
Intermediate Accounting I
BC326
Intermediate Accounting II
BC330
Government & Not-for-Profit Accounting
BC440
Auditing Principles and Practices
BC441
Advanced Auditing
BC442
Tax Accounting
BC443
Advanced Tax Accounting
BC444
Advanced Accounting
Total Hours27

Academic Requirement

  1. Allaccounting majors or minorsmust achieve a minimum grade of C- in all accounting courses required for the major or minor. This requirement applies equally to any course equivalents that may be accepted by transfer from any other college/university.
  2. See the additional Academic Requirementsfor all business department majors and minors found in theBusiness Administrationsection of theCatalog.

The following is the typical sequence of courses required for the major*:

Freshman
FallHoursWinterHoursSpringHours
BC2653Elective3BC2663
Portal3MA130 (or above)3
Writing Competency4CO1013
Fine Arts Domain3Historical Roots Domain3
Natural World Domain4
13316
Sophomore
FallHoursWinterHoursSpringHours
BC3253BC3153BC3263
BC4423EC2523
BA2503BA2703
BA2033BN2043
EC2513Accounting Elective3
15315
Junior
FallHoursWinterHoursSpringHours
BC4443Elective3BA240 (or another Holistic Health course)3
BA3793Elective3
BK2083Accounting Elective3
Literature Domain3Global Awareness Domain3
Philosophy Domain3Self and Society Domain3
15315
Senior
FallHoursWinterHoursSpringHours
BC4403N/ABA4353
Ultimate Questions Domain3ME4501
Elective3Elective3
BC4253Elective3
Elective3
12013
Total Hours: 123

Note: Elective courses could be used for a second major, a minor, a course of interest, internship or study abroad experience.

Note:See theCurriculum sectionfor more information on Portal, Competency, Domain, and Capstone courses.

*Disclaimer

The course offerings, requirements, and policies of 皇冠体育 are under continual examination and revision. This Catalog presents the offerings, requirements, and policies in effect at the time of publication and in no way guarantees that the offerings, requirements, and policies will not change.

This plan of study represents a typical sequence of courses required for this major. It may not be applicable to every student. Students should contact a department faculty member to be sure of appropriate course sequence.

Courses

BC202 Accounting: Information for Decisions: 4 semester hours

This course provides a fundamental knowledge of accounting for individuals who do not expect to become practicing accountants but who need a basic understanding of accounting concepts. This course will emphasize accounting as a communication system involving analysis and interpretation of data. Accounting concepts will be covered as they relate to the user of financial information rather than a preparer's perspective. Emphasis will be placed on the use of accounting information for both financial and managerial decisions. Prerequisite: none.

BC265 Principles Of Accounting I: 3 semester hours

This first course in accounting provides and introduction to the elements of financial accounting including the accounting cycle and the four basic financial statements-the balance sheet, the income statement, the statement of owner's equity, and the statement of cash flows. The various asset accounts-cash, accounts receivable, inventories, and property, plant, and equipment, will be studied in depth. Accounting for payables and other current liabilities also will be explored. Students should possess basic algebra skills. Prerequisite: None.

BC266 Principles Of Accounting II: 3 semester hours

This course is a continuation of BC265 and includes further study of financial accounting along with an introduction to management accounting. Financial accounting topics include: partnership accounting, stockholder's equity, long term investments, bonds payable, the time value of money, the statement of cash flows and basic financial statement analysis. The introduction to management accounting includes the following topics: financial statements specific to a manufacturing concern, cost allocation, product costing including job order and process costing, cost-volume-profit analysis and budgeting. Prerequisite: BC265.

BC315 Cost Accounting: 3 semester hours

The interpretation and use of accounting information for management planning, coordination and control with emphasis on cost analysis in problem solving and decision making are covered in this course. Topics include: product costing systems, cost behavior, budgeting, standard costs, and control of decentralized operations, this course also explores relevant costs for decision-making, capital budgeting, and the tax effects of investment decisions. Prerequisite: BC266 Offered fall semesters and winter term.

BC316 Advanced Cost Accounting: 3 semester hours

This course covers a study of accounting for inventory valuation and income determination. Topics include process costing, spoilage, joint products, by-products, cost allocation schemes, and inventory management tools. The course also explores regression analysis, learning curves, linear programming, proration of variances, and decision-making under uncertainty. Prerequisite: BC315. Offered spring semesters.

BC325 Intermediate Accounting I: 3 semester hours

This course begins the rigorous coverage of generally accepted accounting principles as they relate to financial accounting. There will be a quick review of the accounting cycle, the format of the financial statements and the time value of money. This will be followed by in depth coverage of accounting for cash, accounts receivable, notes receivable, inventories, property, plant and equipment, and current liabilities. Students will be expected to complete at least four complex spreadsheet assignments. Students will also be expected to participate in a few activities outside of class. Prerequisite: BC266. Offered fall semesters.

BC326 Intermediate Accounting II: 3 semester hours

As a continuation of BC325, this course includes an in-depth study of bonds payable, notes payable, long term investments and stockholder's equity, including earnings per share calculations. In addition, issues related to revenue recognition will be covered along with accounting for pensions, capital leases and income taxes. The statement of cash flows will be examined in detail. Students will be expected to complete at least four complex spreadsheet assignments. Students will also be expected to participate in a few activities outside of class. Prerequisite: BC325. Offered spring semesters.

BC330 Government & Not-for-Profit Accounting: 3 semester hours

This course involves the study of accounting for logical government units, health care organizations and not-for-profit entities. Other topics include budgeting and performance analysis for governmental and not-for-profit entities and the regulation of not-for-profit entities. Students will complete a comprehensive computerized practice set. In addition each student will be required to complete a final project on a local government or not-for-profit entity including an oral presentation about the entity. This course should be of particular interest to students who are planning to work in the government or non-profit sector and for those preparing for the CPA exam. Prerequisite: BC266. Offered spring semesters.

BC425 Accounting Internship: 3 semester hours

Students may take advantage of internship opportunities, which become available in the area of accounting. These internships include off-campus supervision at local business and periodic conferences with the on-campus instructor. The on-campus instructor will determine any further requirements on an individual basis. (Maximum of one semester credit for each three hours per week for the semester spent at an outside agency up to a maximum of six semester hours).

BC440 Auditing Principles and Practices: 3 semester hours

This is a study of the audit function primarily from the independent CPA viewpoint. Emphasis is upon auditing standards, preparation of audit working papers, and the final audit report. Topics include internal control structure study and evaluation, audit sampling, auditing transaction cycles, tests of controls, substantive tests, Sarbanes-Oxley financial reporting and audition requirements and subsequent events responsibility. Prerequisite: BC326. Offered fall semesters.

BC441 Advanced Auditing: 3 semester hours

This course covers an in-depth analysis of advanced topics in auditing with special attention to professional standards, the role of the technology in auditing, and current auditing topics. Additional topics include: quality standards, variables sampling, special audit reports, non-audit services, professional ethics and auditor's legal liability. This course is designed to supplement a student's preparation for the auditing and law content of the CPA exam. Prerequisite: BC440. Offered spring semesters.

BC442 Tax Accounting: 3 semester hours

This course involves the study of basic concepts and theory of the federal income taxation applicable to individuals and sole proprietorships. Topics include: The elements of gross income, exclusions, deductions from income, capital gains and losses, passive losses, tax free exchanges, depreciation and the sale of assets used in trade or business (including depreciation recapture). Students will complete a basic tax research memo, a complex individual income tax return by hand and a second individual income tax return using computerized tax return preparation software. Prerequisite: BC266. Offered fall semesters.

BC443 Advanced Tax Accounting: 3 semester hours

This course involves an in-depth study of the tax laws applicable to corporations, partnerships, "S" corporations, estates, and trusts. Topics include: corporate formation and taxation, "S" corporation considerations, and gift and estate taxation. In addition, tax planning opportunities and additional areas of tax research will be covered. Prerequisite: BC442. Offered spring semesters.

BC444 Advanced Accounting: 3 semester hours

This course includes a study of partnerships, business combination, consolidated financial statements, accounting for foreign currency transactions, and conversion of foreign financial statements. It also includes an introduction to governmental and nonprofit accounting. Prerequisite: BC326. Offered fall semesters.

BC445 Independent Study: 3 semester hours

If a student wishes to do individual study and/or research of a particular topic, he/she should contact the appropriate member of the department as supervising instructor, as well as register through and obtain consent of his/her advisor.

What are the next steps?

Build off previous experiences bytransferringup to 75 credits form an Iowa community college or up to 93 credits form a regionally accredited 4-year university.

Veteransmay also earn credit for military training via the Defense Activity for Non-Traditional Education Support (DANTES).

Mount Mercy offers competitivetuitionand generousscholarships.

We encourage all students to apply for federal, state and other kinds of financial assistance.

Learn more about:

We make it easy by accepting applications year-round! No deadline, no fee, no pressure.

  1. Create yourapplication
  2. Apply under standard admissions criteria or go "test optional"
  3. Request official transcripts from all institutions previously attended.Mail to:

* 皇冠体育 Admissions
1330 Elmhurst Drive NE
Cedar Rapids, Iowa 52402

* If you are applying for an accelerated program, please mail to "Accelerated Programs"

For more detailed instructions on how to apply, see ourAdmissions page.

Careers in accounting

Chart your own path in an in-demand field

During your time at Mount Mercy, you will be exposed to multiple accounting specialties like tax preparation, auditing, management, and more that help you decide what type of role would be the best fit for your skills and interests.

After graduating from Mount Mercy, many accounting majors pursue professional accounting certifications with the Certified Public Accountant (CPA) and the Certified Management Accountant (CMA) exams. Mount Mercy also has an articulation agreement with the University of Iowa’s Master of Accountancy program to facilitate the admission of Mount Mercy accounting graduates into their program.

You can find Mount Mercy accounting alumni at companies like:

  • AEGON/Transamerica
  • Alliant Energy
  • BerganKDV [Accounting Firm]
  • BGHN Associates [Accounting Firm]
  • Collins Aerospace
  • Dahm, Knapp & Associates [Accounting Firm]
  • GE Capital
  • GreatAmerica Financial Services
  • Internal Revenue Service (IRS)
  • TaxACT
  • Terry, Lockridge & Dunn
  • Toyota Financial Services
  • Transamerica Corporation
  • United Life Insurance
  • World Trend Financial
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