Is an Accounting Major for Me?

Business trends consistently indicate a national need for accountants. Our online accounting degree in Kansas covers a broad-based curriculum that will prepare learners to work in the field of accounting in a number of different capacities. The focus of this major is on gaining knowledge and developing skills in financial and accounting leadership; managerial, financial and cost accounting; corporate finance; financial audit; federal income taxation; and financial and accounting systems. The accounting curriculum will provide learners with practical, marketable accounting skills grounded in industry-accepted theories and practices to help them enter and/or progress in a burgeoning job market, while building a solid theoretical foundation for CPA exam preparation or future graduate coursework.

If you’re looking for business schools in Kansas that offer a convenient online accounting degree program, we can help. Earn your online accounting degree in Kansas at Southwestern College Professional Studies.

Program Outcomes

Business trends consistently indicate a need for accountants nationally. The accounting program is a broad based curriculum that will prepare learners to work in the field of accounting in a number of different capacities. The focus of this degree is on gaining knowledge and developing skills in financial and accounting leadership; managerial, financial, and cost accounting; corporate finance; financial audit; federal income taxation; and financial and accounting systems. The accounting curriculum will provide learners with practical, marketable accounting skills grounded in industry accepted theories and practices to help them enter and/or progress in a burgeoning job market, while building a solid theoretical foundation for potential preparation for the CPA exam or future graduate coursework.

Program Outcomes:

  1. Demonstrates a thorough knowledge of theories, concepts, practices, and terminology in financial and accounting leadership; managerial, financial, and cost accounting; corporate finance; financial audit; federal income taxation; and financial and accounting systems.
  2. Reveals ethical reasoning through the assessment of financial and accounting problems or concerns, consideration of different perspectives and/or alternative solutions, and determination of conclusions and/or viable solutions.
  3. Applies generally accepted methods and practices, technologies, and tools associated with financial and accounting leadership; managerial, financial, and cost accounting; corporate finance; financial audit; federal income taxation; and financial and accounting systems.
  4. Utilizes critical thinking and analysis through the accurate framing of financial and accounting problems or concerns, thorough consideration of different perspectives and/or alternative solutions gained from expert insights and scholarly research within the degree and related fields of study, and presentation of defensible conclusions and/or selected solutions.
  5. Employs effective broadly applicable and intellectual skills in professional oral and written communication, mathematical and quantitative literacy, information literacy, and creativity and innovation through the assessment and presentation of financial and accounting problems or concerns, different perspectives and/or alternative solutions, and conclusions and/or viable solutions.
  6. Applies the aforementioned knowledge, skills, critical thinking, and ethical reasoning in the conduct of an independently constructed project focused on the resolution of a complex financial or accounting problem or concern.
  7. Demonstrates the knowledge and skills to effectively lead people, and financial and accounting processes.
  8. Exhibits the aforementioned knowledge, skills, critical thinking, and ethical reasoning necessary for preparation for his or her chosen career path related to the accounting field of study.

Required and Core Courses

Foundation Courses

CORE101 Developing Academic and Professional Strengths
ENGL101 Composition I
ENGL102 Composition II
CORE110 Information Literacy
COM 125 Speech
Mathematics Requirement*
HUM 201 Ethics
COM 301 Professional Communication

Disciplinary Perspective Courses

Humanities (6 credits)
Natural Sciences/Mathematics (4 credits)
Social Sciences (6 credits)

Prerequisite Courses

MASC115 College Algebra
MASC110 Statistics and Probability
ACCT285 Principles of Accounting
SSC 110 Principles of Microeconomics
SSC 111 Principles of Macroeconomics

Major Courses

BSAD395 Corporate Finance
BSAD310 Financial Accounting Systems
OMGT422 Managerial Accounting
ACCT380 Financial Accounting I
ACCT381 Financial Accounting II
ACCT480 Financial Accounting III
ACCT382 Federal Income Tax – Personal
ACCT482 Federal Income Tax – Corporate
ACCT483 Cost Accounting
ACCT484 Accounting Information Systems
ACCT490 Auditing Theory and Practice
CAPS495 Senior Capstone

* MASC110 Statistics & Probability, or MASC115 College Algebra, or more advanced college credit bearing mathematics course requiring college algebra or higher as a prerequisite

Course Descriptions

BSAD395 Corporate Finance

This course provides an introduction to the long-term and short-term investing and financing decisions required in the financial management of a business. Course procedures include quantitative methods, oral and written communication, and group interaction in class..Prerequisites: MASC110, MASC115, SSC 110, and SSC 111.

BSAD310 Financial Accounting Systems

This course explores the role of accounting as the primary language used in practice to record, report, and interpret business transactions. It enables learners to analyze and prepare financial statements for a variety of organizations. Learners will apply the various steps in the accounting cycle, as well as use accounting systems and subsidiary ledgers (manual and computerized) to collect, classify, summarize, and report business transactions. Learners will also study the ways in which Generally Accepted Accounting Principles (GAAP) apply to real business situations and how to report long-term assets, current liability, and owner’s equity. Learners will apply the principles of accounting to a variety of real-life business situations with additional focus on stocks and dividends. Learners will focus on external users of accounting information and their dependence on reliable and relevant information for decision-making, as well as legal and regulatory constraints for best practice. Finally, learners will study internal controls, with an emphasis on the responsibility of accountants and reporting financial information in an ethical manner, especially as relating to and affecting the external user. Prerequisite: BSAD395 and ACCT285.

OMGT422 Managerial Accounting

This course provides a basic understanding of the use of accounting information for managerial decision making. Learners will differentiate between classifications of costs and assign costs to products and services, record the flow of costs through accounts using process, job-order, and activity-based costing methods, use variance analysis to compare actual to budgeted costs, and use various managerial accounting methods such as cost-volume-profit and capital investment analysis to evaluate possible solutions to business issues. Recommended Prerequisite for ACCT learners: BSAD310

ACCT380 Financial Accounting I

The course focuses on financial accounting considerations of business transaction. Emphasis is placed on understanding the accounting cycle; the conceptual framework underlying financial accounting; and recognition, measurement, and reporting of receivables, inventories, property, plant, and equipment. Prerequisites BSAD310.

ACCT381 Financial Accounting II

Emphasis is placed on liabilities and corporate equity measurement; understanding the recognition, measurement, leases, pensions, and reporting of revenue and earnings per share; and critical evaluation of financial goals/performance. Prerequisite: ACCT380

ACCT480 Financial Accounting III

In this course, emphasis is placed on foreign currency, deferred taxes, segment reporting, derivatives, partnerships, branches, and accounting theory. Prerequisites: ACCT380, ACCT381

ACCT382 Federal Income Taxation-Personal

Learners study federal income tax law as it applies to individuals. Topics include filing status, dependents, gross income, itemized deductions, tax credits, cost recovery, and property transactions.

ACCT482 Federal Income Taxation-Corporate

Learners study the basic principles of business taxation. This course deals primarily with the federal tax laws as they relate to corporations and partnerships. Prerequisite: ACCT381

ACCT483 Cost Accounting

A study of cost accounting emphasizing managerial cost information for forecasting, planning, control, and behavior factors. The course includes a focus on the elements of product costs, including job, process, standard, and variable costing systems and procedures. Prerequisites ACCT381.

ACCT484 Accounting Information Systems

Learners study accounting information systems conceptions and applications. Topics include conceptual foundation of AIS, technology of information systems, and design processes and concepts. Emphasis is on developing learners’ abilities to understand the processing of accounting data (with emphasis on the computer environment) and the controls that are necessary to ensure accuracy and reliability of the data processed by the accounting system.

ACCT490 Auditing Theory and Practice

This course provides an introduction to theory, concepts and principles of auditing. This course will emphasize topics including audit evidence, audit risk, ethical conduct and legal restrictions, professional standards of audit planning, Sarbanes-Oxley compliance, and audit reports. Prerequisite: ACCT480

CAPS495 Senior Capstone

This course is for PS accounting, business administration, and healthcare administration majors. Learners will be required to develop a portfolio project that demonstrates their knowledge, skills, and abilities in their major discipline. Particular attention will be given to the presentation of evidence and artifacts from their major courses as well as recent research relevant to their specific program outcomes. The purpose of the final portfolio project is to document learner achievement and to ensure learning outcomes are met. Prerequisite: Successful completion of all major courses.

Admission Requirements

Entering learners must have earned at least 6 college credits from previous college coursework or ACE evaluated military training, a GPA of 2.0, and have three years of work experience. Transfer hours accepted for Professional Studies admittance should include English Composition I and II, and mathematics (college algebra preferred). These courses may be considered in transfer or completed at Southwestern College.

Contact a program representative to evaluate your options.

Graduation Requirements

A total of 124 credit hours must be earned to graduate. You must have at least 60 credit hours from a four-year university or college and at least 30 hours from Southwestern College (does not include prior learning experience credits). Of the 30 hours required from Southwestern, 15 of the last 30 hours earned toward your degree must be at Southwestern College. Contact your Academic Success Coach for more information.

Meta

Southwestern College Professional Studies’ accounting program is a broad-based curriculum that prepares learners to work in the field of accounting in a number of different capacities.