Accounting

Explore all of your possibilities with a Bachelor’s Degree in Accounting

The Accounting major at Loras College offers the chance to gain the knowledge and skills needed to prepare for the Certified Public Accountant exam and go on to a promising career as an accountant. Classes offered include Intermediate Accounting, Cost Accounting, Tax, Auditing, Accounting Systems, Governmental and Not-for-Profit Accounting and Advanced Financial Accounting, with Accounting Systems offered as a J-Term experiential course.

Learn About Our Major in Accounting

Student Experience

A major in Accounting is flexible enough that many students complete the 150-hour requirement for the CPA exam, earn a double major or minor and study abroad, all within four years. With our clubs and internships helping round out Accounting students’ educations, they graduate prepared for careers in tax, auditing, corporate, governmental and nonprofit accounting , banking and much more.

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Loras Accounting Professor honored with Young Professional of the Year Award

The Institute of Management Accounts (IMA) announced Luke Lammer, assistant professor of accounting at Loras College, was one of five to receive the prestigious Young Professional of the Year Award. Winners are chosen for their creative approaches to problem solving, their leadership and contributions to the management accounting profession.

“IMA is pleased to acknowledge the accomplishments of this distinguished group of young professionals, who, even at this early stage of their careers, have achieved considerable success and have given service to the management accounting profession,” said Jenna Uszenski, IMA community engagement leader and staff liaison to the IMA Young Professionals Committee. “We look forward to seeing these professionals’ continued contributions to IMA, and we are confident in their ability to grow as leaders in the profession.”

Lammer was also elected to a three-year term on the board of directors for the Iowa Society of Certified Public Accounts (ISCPA). The Iowa Society of CPAs is a nonprofit professional organization representing over 4,400 Iowa CPAs and accounting professionals. Their mission is to advance professional success by providing helpful resources and leadership to improve skills of its members.

Student Involvement Opportunities
Loras has more than 100 co-curricular and involvement opportunities including organizations relating to academic majors, national honorary and professional societies, student and residence hall government, interest groups, recreational interests and several business-related clubs and organizations.

  • Our Accounting Club provides opportunities for leadership positions, networking with accounting professionals and learning more about the accounting profession.
  • VITA (Volunteer Income Tax Assistance) is an opportunity for accounting seniors to volunteer to prepare income tax returns for low income and elderly clients free of charge; the program is in partnership with the IRS.

Internship Opportunities

There is strong support for internships part-time during the academic year or full-time in spring semester or summer in public, private and governmental institutions.

Past internship opportunities have offered real-world experience in tax, bookkeeping, billing, auditing, corporate accounting, governmental accounting, nonprofit accounting, banking and investments.

Each year, Loras College business students complete internships in a wide array of organizations to prepare them for their job search after graduation. Students can complete internships for academic credit or non-credit. Many students choose to complete both.

Internships are a win-win: good for the students and good for the organizations. Students integrate what they have studied with the work they are assigned. Often, successful completion of an internship leads to an offer of full-time employment when the student graduates.”

Katie Callaghan, a marketing graduate, completed an internship with Dubuque marketing agency Plaid Swan, which she learned about through the Center for Experiential Learning (CEL). “I learned new writing skills at Plaid Swan, such as writing white paper documents, utilizing social media for small businesses, and creating and executing marketing plans for various clients. I also was responsible for meeting with clients on a weekly basis, developing case studies on previous campaigns, researching target audiences for rebranding efforts, and providing creative feedback to my clients and supervisors.”

The role of the Loras College Center for Experiential Learning [CEL] in internship coordination offers:

  • Workshops with topics including internships, how to use Google in searching and why and how to network
  • Networking Events—students often develop meaningful relationships that may lead to internships
  • Career Fairs each fall have led to internships
  • Individual meetings showing students how to search and how to network through LinkedIn, a strong tool to connect with alumni by joining Loras alumni groups

Students are taught how to seek out internships as those are the skills they will need the rest of their lives to find full-time positions. Business faculty communicate internship openings to students from a variety of sources, including from the companies, recruiting websites, or from CEL. Students may also find internship positions through career fairs or the Iowa College Recruiting Network interview days. Faculty serve as supervisors for the internships when students choose to earn academic credit.

Chelsea Myers, an accounting major, landed an internships in two distinctly different ways—one through contact with a Loras professor and one through her own existing network. She served as Petal Project Intern at ECIA, which she learned about through David Cochran, Ph.D., politics department, where she assisted with program implementation, tracking and promotion; and she currently interns for the Community Foundation of Greater Dubuque, a position she found through her own Facebook network.

I have learned about proper business etiquette and how much goes into planning a fundraising event that requires the support of an array of area businesses and supporters. In addition to business etiquette and event planning, I have also advanced my knowledge of philanthropy and grant writing, which I am excited to take with me into future endeavors.”

Student Learning Outcomes

 

Student Learning Outcomes – Accounting
1. Summarize legal issues related to business transactions and activities
2. Analyze data to effectively inform business decisions
3. Produce written communications appropriate for a professional business setting
4. Employ oral communication appropriate for a professional business setting
5. Apply principles of Catholic Social Teaching (CST) to moral dilemmas in business
6. Analyze complex problems relevant to the sub-discipline of Financial Accounting
7. Analyze complex problems relevant to the sub-discipline of Managerial Accounting
8. Analyze complex problems relevant to the sub-discipline of Auditing
9. Analyze complex problems relevant to the sub-discipline of Taxation

Curriculum

View Highlighted Courses

 

Accounting for Governmental & Non-Profit Entities
A study of fund accounting with emphasis on governmental entities. Other topics include accounting for hospitals, voluntary health and welfare organizations, and educational institutions.

Auditing
This course studies auditing theory and practice developed through the study of text material, questions and problems. Emphasis placed on the study of the internal control, audit standards, audit objectives and the preparation of reports. Students also participate in real world audits and complete an electronic major portfolio.

Accounting Systems
A study of accounting information systems – the elements they contain; the ways in which they are designed and the role they play in supplying information to those who require it.

Federal Income Tax I & II
An in depth look at federal income tax laws and their application to individuals.

View All Accounting Course Offerings PDF

Major & Minor Requirements

Students will complete the following requirements to achieve a major or minor in Accounting. 

Degree Requirements

Requirements for the major in Accounting (B.A.):

Req Course Cr’s
1 Oral Communication as Critical Inquiry 3
2 Managerial Accounting 3
3 Financial Accounting 3
4 Business Law I 3
5 Managerial Finance 3
6 Data Analysis 3
Select one from Req 7
7 Business Statistics 3
7 Statistics 4
7 Probability & Statistics 3
Select one from Req 8
8 Principles of Microeconomics 3
8 Principles of Macroeconomics 3
9 Business Elective 3
10 Business Elective 3
11 Business Elective 3
12 Intermediate Financial Accounting I 3
13 Intermediate Financial Accounting II 3
14 Cost Accounting 3
15 Auditing 3
16 Federal Income Tax I 3
17 Accounting Elective 3
18 Accounting Elective 3
19 Accounting Elective 3
57 to 58 total required credits

Requirements for the minor in Accounting:

Req Course Cr’s
1 Managerial Accounting 3
2 Financial Accounting 3
3 Intermediate Financial Accounting I 3
4 Cost Accounting 3
5 Business Accounting Elective 3
6 Business Accounting Elective 3
18 total required credits

View Full Requirements & Additional Information PDF

Career Opportunities

“What can you do with an Accounting degree?”

As an Accounting major, you will be prepared for a variety of interesting careers.

  • Bookkeeping
  • Accounting Clerk
  • Accountant
  • Loan Administrator
  • Business Entrepreneur
  • Tax Specialist
  • Auditor
  • Corporate Accounting
  • Banking

Supporting Your Investment

Loras takes great pride in supporting your investment – both through providing an exceptional learning experience and in sharing the cost of your degree. 100% of Loras students receive financial aid. We have scholarships, grants and special awards for all students based on their achievements and financial need.

Frequently Asked Questions

How long will it take me to earn my Loras degree?

Most students earn their undergraduate degree in four years or less. If you have questions about transferring any previously earned credits or degrees, please see our Transfer Student Information.

How much is tuition?

At Loras College, financial access to education is one of our defining values. We are committed to helping all of our students make their degree affordable. We partner with every student and family to understand their unique financial needs ensuring 100% of Loras students receive financial aid. We offer Scholarships, grants and special awards for all students based on their achievements and financial need. Loras is consistently ranked as one of the best universities for return on investment.  View our Tuition and Fees page.

How do I apply for financial aid?

Submit your federal FAFSA, apply to Loras College and visit loras.edu/financial-aid for information, scholarship opportunities and much more.

Meet Our Professors

James Padilla, J.D.
Francis J. Noonan School of Business Dean
563.588.7405 | james.padilla@loras.edu
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Luke Lammer, M.A., C.P.A., C.M.A., C.I.A.
Associate Professor of Accounting
563.588.7379 | Luke.Lammer@loras.edu
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Erin McGovern
Assistant Professor of Accounting
563.588.7245 | erin.mcgovern@loras.edu
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Debra Schleicher, L.L.M., C.P.A., C.M.A., C.F.M.
Associate Professor of Business Administration
563.588.7404 | Debra.Schleicher@loras.edu
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