Southwestern's accounting program is designed to provide you with the fundamentals necessary to obtain an entry-level position in the field of accounting. With your accounting degree, you will be prepared for entry-level jobs in private business, all levels of government, and public accounting firms.
According to the state of Iowa's occupational projections, bookkeeping, accounting, and auditing assistants are projected to have a huge number of openings in the next few years, due not only to job growth, but also to job replacement needs. If you plan to transfer and earn a bachelor's degree, the associate of arts degree with an accounting major is recommended for your course of study.
Accounting: Associate of Applied Science Degree
- Accounts payable/receivable clerk
- Payroll accountant
- General ledger accountant
- Cost or tax accountant
Upon completion of this program, students will be able to:
- describe and illustrate accounting concepts and principles for sole proprietorships, partnerships and corporations.
- identify the characteristics of sole proprietorships, partnerships, and corporations and discuss the advantages and disadvantages of each.
- prepare basic business forms and financial records for all types of businesses.
- interpret the information typically found on the balance sheet, income statement, statement of owner’s equity or retained earnings statement and the cash flow statement.
- apply the accepted accounting procedures for all levels of business activity and in all sizes of businesses from the small sole proprietorship to the large highly organized corporations.
- illustrate the cost accounting system used by manufacturing enterprises including job order, process, and standard cost.
- explain the flow of manufacturing costs through the production process – direct materials, direct labor and factory overhead.
- utilize the accounting terminology related to cost accounting, tax accounting and payroll accounting.
- perform payroll accounting including taxes and payroll records.
- prepare federal and state taxes.
- describe effective methods of establishing audit trails and internal controls.