WHY CHOOSE ACCOUNTING AT IW ONLINE?

An accounting degree is one of the most versatile business degrees available. Accountants can be found working for businesses, individuals, and the government. They are the professionals who ensure the assets of corporations, governments, organizations, and individuals are well utilized.

The Iowa Wesleyan Online Program is designed to be flexible and convenient to meet the needs of today’s students. Our online classroom allows you 24/7 access to your coursework when and where it’s convenient for you. We are non-profit, regionally accredited and nationally ranked as one of the best online bachelor’s programs by U.S. News and World Report

  • Eight-week terms with six start dates during the year
  • Learn from faculty with practitioner experience
  • Accept up to 90 transfer credits in transfer
  • Credit awarded for military experience

Careers

Discover more reasons why IW Online is the right choice!

CAREER OPPORTUNITIES

Our graduates have rewarding careers throughout the United States and around the world. Join the ranks in careers such as:
  • Accountant
  • Financial Planner
  • Accounting Manager
  • Controller
  • Tax Examiner
  • Cost Accountant Manager
  • Budget Analyst
  • Compliance Officer
  • Certified Internal Auditor
  • Credit Analysis Manager

Learn more about the Occupational Outlook for Accountants

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Careers

BUSINESS ADMINISTRATION - Accounting Concentration

Admissions Requirements

Cumulative grade point average of 2.0 (on a 4.0 scale)

Support Courses

MATH 171 Elementary Statistics

An introduction to probability and statistics. Students satisfactorily completing this course will demonstrate skills in assignment of probability using permutations and combinations, distributions of random variables and statistics, and large sample theory, introduction to estimation and tests of significance. Includes Excel lab.

PHIL 215 Ethics for Life and Career

This course explores the ethical dimensions of human experience, especially with respect to work, professions, careers, and vocations. What is demanded of us as we enter into various careers? What would excellence in these fields require? Are there basic rules governing each profession, and if so, what broader goals do these rules serve? Are there basic rules or principles guiding human life in general? In all of these spheres of life, what does it mean to be good? Prerequisite: ENG 109 and ENG 110.

Business Administration Core

ECN 101 Microeconomics

Topics in this course include the behavior of individual households and firms, supply and demand analysis, and the various structures of a market economy. Students successfully completing this course will be able to identify and explain the major economic forces faced by a single firm in a capitalistic setting.

ECN 102 Macroeconomics

This course is designed for the general student as well as for the student considering further study in business administration, accounting or economics. This course develops basic economic theory to explain unemployment, inflation and economic growth and considers the role of governmental economic stabilization policy. Students successfully completing this course will be able to identify and explain the major economic forces faced by groups of firms in a capitalistic setting.

ACTG 210 Introduction to Financial Accounting

Introduction to reporting financial information regarding the operating, investing and financing activities of business enterprises to present and potential investors, creditors, and others. Prerequisites: BA 100

ACTG 211 Managerial Accounting

Managerial accounting is concerned with the development and use of accounting information as it applies to the decision‐making process. Attention is given to cost behavior, cost analysis, and budget development. Successful completion of this course will enable students to prepare and explain detailed financial reports as required by management. Prerequisites: BA 100, ACTG 210

BA 100 Survey of Business

A survey of the structure and functions of the American business system is provided, together with an overview of business organization, accounting, finance, and principles of management, economics, marketing, personnel and the interdependence of business, the community and government. Upon successful completion of the course, the student will be able to describe and explain the basic internal functional areas of a business, and their relationship to outside stakeholders. This course is not open as an elective for sophomores or upper division business majors.

BA 310 Principles of Management

A study of the basic principles, concepts, theories and analytical tools in management. Topics include introduction to management, planning and decision-making, organizing for stability and change, leading and controlling. Consideration will be given to both theoretical and practical aspects of management. Students completing this course successfully will be able to describe both the theoretical background and practical applications of popular management principles and strategies. Prerequisites: BA 100

BA 320 Principles of Marketing

A study of the problems involved in making marketing decisions for the consumer and organizational markets. Study includes the price of the product, the promotion of the product, and the channels of distribution for the product. Successful completion of the course will enable the student to make sound product, price, distribution, and promotion decisions for a specific product or service offering. Prerequisites: BA 100; ECN 101 or ECN 102.

BA 330 Business Law

A study of traditional business law topics – contracts, sales, torts, agency, business organizations and other basic topics. Successful completion of this course will enable students to understand and use business law principles to guide sound business decisions. Prerequisites: Sophomore standing; BA 100 or consent of instructor.

BA 340 Corporate Financial Management

Introduces the student to the goals and objectives of financial management within the corporate setting. Students will become familiar with functions of the various financial areas, the development and use of information by the financial manager, and the various analytical tools and techniques used. Successful completion of this course will enable students to make sound, risk-sensitive financial decisions for their business. Emphasis will be placed upon financial decision making. Prerequisites: BA 100; ACTG 210; MATH 171.

BA 350 Business Information Systems

A study of the uses of the computer in the functional areas of business administration. Major emphasis will be directed to analysis, design and implementation of Management Information Systems. Successfully completing this course will be able to critically analyze the efficiency and effectiveness of business information systems. Prerequisites: Junior standing; BA 100; ACTG 210; ACTG 211.

BA 382 Business Negotiations

This course will provide students with an opportunity to understand, analyze, and evaluate the fundamentals, major concepts, and theories of business negotiation. In this course, students will be able to prepare for negotiating in any business situation or environment, learn various strategies on how to resolve potentially destructive disputes, learn to adapt in a dynamic negotiation environment and how to establish trust and form alliances, understand the role of culture on negotiation, and how to detect and deal with ethical dilemmas in business negotiation.

BA 383 Business and Society

This intermediate course is designed to provide the student with a basic understanding of business and how it relates to society as a whole. The major topics include the corporation in society, the business and the social environment, business and the ethical environment, business and government in a global society, the corporation and the natural environment, business and technological change, and business and the media. A systems-thinking approach is central to the course, wherein business, government and society are so closely intertwined that an action that affects one will inevitably affect the others. The corporation’s responsibilities to primary and secondary stakeholders, both economic and ethical, are studied in light of various social issues.

BA 419 Business Strategy

This course focuses on the competitive strategy of the firm by examining issues central to the firm’s long and short-term competitive position. The course develops a set of analytical frameworks that enable students to explain performance differences among firms and that, in turn, provide a structure for making strategic decisions to enhance the firm’s future competitive positions. This course functions as the capstone course for the Business Administration major. Prerequisites: Senior Standing and the completion of all other business core requirements.

Accounting Concentration

ACTG 320 Intermediate Accounting I

Study of the theory and practice of preparation of external financial reports for the corporate form of business. Income statement and statement of comprehensive income are explored with special emphasis on revenue recognition. Special topics include financial statement analysis, time value of money and the conceptual framework. Additional topics include classification, valuation and presentation of current assets, fixed assets and intangible assets. Students successfully completing this course will be able to develop and explain advanced financial reports for management and/or outside authorities. It is recommended that students plan to complete ACTG 320/ACTG 321 in a semester 1/ semester 2 immediate sequence to ensure all relevant concepts are covered. Prerequisites: ACTG 211

ACTG 321 Intermediate Accounting II

Study of the theory and practice of preparation of external financial reports for the corporate form of business. Classification, valuation and presentation of investments, current liabilities, long-term liabilities, and shareholders’ equity will be explored. Special topics include derivatives, accounting changes and correction of errors, earnings per share calculations, preparation of statement of cash flows, and accounting for contingencies, bonds, leases, income taxes, pensions and other postretirement benefits. Students successfully completing this course will be able to develop and explain advanced financial reports for management and/or outside authorities. It is recommended that students complete the ACTG 320/ ACTG 321 in a semester 1/ Semester 2 immediate sequence to ensure all relevant concepts are covered. Prerequisites: ACTG 320, Junior standing

ACTG 322 Cost Accounting

A study of the generation and use of cost data for cost measurement, cost control and managerial purposes. This is an advanced managerial accounting course. Students successfully completing this course will be able to prepare and explain advanced financial reports to management. Prerequisites: ACTG 211, Junior standing, ECN 101 (Recommended)

ACTG 340 Introduction to Federal Tax

Provides background in federal income tax law and the regulations of the Treasury Department. The course also deals primarily with basic philosophy of taxation, taxable income, allowable deductions and gains, losses of sales and exchanges of property for the individual taxpayer. This course serves also as an introduction to the federal taxation of partnerships and corporations. Discusses tax planning alternatives. Students successfully completing this course will be able to describe, identify, and report the types of income that are subject to federal tax. Prerequisites: ACTG 211, Junior standing

ACTG 360 Accounting Information Systems

Hands-on analysis of computer-based accounting information systems including flowcharting of business processes and study of internal controls. Students will develop their skills with MS EXCEL, MS Access, and selected accounting software through the completion of accounting-specific computer projects. Prerequisites: ACTG 321, BA 350, Junior standing

ACTG 431 Auditing, Principles, and Procedures

A study of the function of the independent CPA in regard to the examination of financial statements. Considerable attention is devoted to the purpose of the audit, the responsibilities of the CPA in rendering his opinion, liability of the auditor, planning of the audit, and limitations of the audit. Students successfully completing this course will be able to explain and describe an outside audit of a firm. Prerequisites: ACTG 321, Senior standing

Wesleyan Studies

Wesleyan Studies is the general education curriculum at IW.

Rhetorical Foundations

ENG 109 College Composition (WI)
ENG 110 College Research (WI)
COMM 147 Introduction to Public Speaking

Quantitative and Scientific Reasoning

Math – complete Math for Life, Elementary Stats, Pre-Calculus, or Calculus
Science – complete one Natural or Physical Science course with lab

Creativity

Complete two classes, one theory-based and performance-based

Understanding Self and Society

Complete two classes from a choice of Religion/Philosophy/History/English/Economics. Must be from two different categories.

Individuals and Society/Groups

Complete one class from a pool of Psychology or Sociology options.

Global Awareness

WS 300 Global Issues

Service Learning

WS 320 Leadership and Service

Learn more about the details of Wesleyan Studies

GRADUATION REQUIREMENTS

  1. Complete all Wesleyan Studies, support and major courses and requirements with an overall GPA of 2.0
  2. Complete a minimum of 120 credit hours, with at least 30 upper level credits
  3. Complete at least 30 credit hours from Iowa Wesleyan University

All degree requirements are subject to change. Please see the current Undergraduate Course Catalog for degree requirements

FINANCING YOUR EDUCATION

  • Federal Financial Aid
  • Military/Veteran’s Benefits
  • Tuition Reimbursement/Employer Assistance Programs
  • Payment Plans

Discover more details regarding options to finance your education at Financial Aid Information

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