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Accounting

Accounting is the universal practice at the foundation of all business practices. Accountants and auditors make sure businesses, organizations, companies, corporations, governments, families and individuals prosper from using sound fiscal procedures. They keep accounts and public records, provide auditing services, and prepare and authenticate financial documents. Accountants stay current with information technology, the law, budget analysis and investment planning.

Contact Information

Anthony Copa
Accounting Instructor

acopa@inverhills.edu
651-450-3865
B224

Admissions Team

admissions@inverhills.edu
651-450-3000
College Center

The Associate of Science (A.S.) degree prepares you for two pathways, a paraprofessional career in the accounting field and transfer to a four-year college or university. Inver Hills has transfer agreements with five institutions in Minnesota. Visit Accounting Transfer Opportunities to learn more.


Degrees

A.S., Accounting – 60 credits

The Accounting program is designed to prepare students for accounting paraprofessional careers and provide a fully transferable foundation for a four-year accounting degree. Students should consult with an Inver Hills counselor or advisor to confirm specific transferability to four-year accounting programs.

The A.S., Accounting (Associate of Science in Accounting) degree at Inver Hills is fully accredited by the Accreditation Council for Business Schools and Programs (ACBSP). As such, the accounting department has adopted a continuous improvement process centered on offering coursework that meets the demands of today's accounting and business environments. To learn more, visit the Transfer tab.

Coursework   Program Planning Guide

Accounting Curriculum – 28-30 credits

Course Number Title Credits
ACCT 2101 Financial Accounting 4 cr
ACCT 2102 Managerial Accounting 4 cr
ACCT 2220 Federal Individual Income Tax 3 cr
ACCT 2241 QuickBooks and Excel 3 cr
ACCT 2900 Applied Accounting Capstone 4 cr
BUSN 1131 Legal Environment of Business 3 cr
BUS 1104 or
BUS 1121 or
Any 3-credit ACCT 2000 level or higher1
Principles of Marketing or
Principles of Management or
3-4 cr
ITC 1100 Intro to Computers 3 cr
ITC 1130 and/or
ITC 1131
Introduction to Excel and/or
Intermediate Microsoft Excel
1-2 cr
Total Credits: 28-30

1It is recommended that students consult with a counselor about the courses and selection options. It is recommended that students intending to transfer to Metropolitan State University take ACCT 310 and ACCT 530 from the Metro State University curriculum offered at Inver Hills Community College.

Liberal Arts Curriculum – 30-32 credits

Course Number Title Credits
ENG 1108 Writing and Research Skills 4 cr
ENG 1130 or
ENG 1111 or
ENG 1116
Writing and Research for the Professions or
Research Writing in the Disciplines or
Writing for the Web
2-3 cr
ECON 1105 Macroeconomics 3 cr
ECON 1106 Microeconomics 3 cr
COMM 1100 or
COMM 1110 or
COMM 2230 or
COMM 2240
Interpersonal Communication or
Public Speaking or
Small Group Communication or
Intercultural Communication
3 cr
MATH 1103 Introduction to Statistics 4 cr
MATH 1118 College Algebra 4 cr
Humanities/Fine Arts/Literature (See Goal 6 of MnTC) 3 cr
Liberal Arts Electives (see Goals 1-10 of MnTC) 4-5 cr
Total Credits: 30-32
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Course Descriptions

ACCT 0310  Financial Reporting (Metro State Univ Course)   4.0 cr

This first course in a two-part financial reporting sequence provides for the preparation and understanding of financial information. Topics include: financial accounting theory and practice; official pronouncements of generally accepted accounting principles (GAAP) and conceptual statements; financial statement preparation and analysis; revenue and expense recognition; accounting for assets and current liabilities; non-current liabilities and stockholder equity; and financial statement disclosures.

ACCT 0530  Business Taxation (Metro State Course)   4.0 cr

This course focuses on identifying issues that affect the taxation of businesses. Four modules are covered: foundation of taxation, including types of taxes, structure of the income tax, taxpayers, and general concepts of income and deduction; business income and expenses; taxation of property transactions; and overview of corporations, S corporations, partnerships, and entity choice. Planning options are emphasized.

ACCT 2101  Financial Accounting   4.0 cr

Introduces financial statements as used in decision-making, primarily by creditors and investors. The focus is on what the financial statements reveal about the credit worthiness and financial performance of companies organized as corporations. Students will analyze and interpret financial statements. Topics include preparation and analysis of financial statements including income statements, balance sheet, statement of owner's equity, and cash flow statement. Additional topics include cash, receivables, inventory, fixed assets, liabilities, stockholders' equity and ratio analysis. Meets lower-division transfer requirements for accounting and business administration majors at most 4-year institutions. Prerequisites: Require completion of Math 0840 or assessment into Math 0940 or higher; recommend ITC 1130 and ACCT 1000.

ACCT 2102  Managerial Accounting   4.0 cr

Works primarily with the Accounting tools and techniques used to facilitate decision-making by managers within the firm. Emphasizes planning and control for profit-seeking enterprises. Primarily for transfer students in Business Administration and Accounting. Topics include cost behavior, manufacturing and job costing, profit analysis, budgeting, capital budgeting and profit decision making. Meets requirements for accounting and lower-division-transfer business administration majors at most 4-year institutions. Prerequisites: Require ACCT 2101; recommend ITC 1130.

ACCT 2220  Federal Individual Income Tax Accounting   3.0 cr

Introduces students to federal individual income tax law. This course is intended primarily for accounting two-year program students, or those interested in an introductory income tax course. Prerequisite: ACCT 1000 or ACCT 2101 or consent of instructor.

ACCT 2241  QuickBooks and Excel for Business   3.0 cr

Introduces QuickBooks accounting software and extensive application of Microsoft Excel electronic spreadsheet applications. After completion of this course the student will be able to record small business transactions in QuickBooks and perform higher level Excel applications and analysis including macros, vlookups, and pivot tables. Requires ACCT 2101 and ITC 1130; ITC 1131 recommended.

ACCT 2900  Applied Accounting (Capstone)   4.0 cr

Prepares accounting students to begin their career in business. Students review financial and managerial accounting and enhance their understanding by utilizing the knowledge in common business applications. Students will prepare cover letters and resumes as well as practice interviewing skills.

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Transfer Information

The A.S. in Accounting at Inver Hills has articulation agreements with the following four-year institutions:

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Meet the Faculty

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Employment Information

Accounting specialties range from from basic bookkeeping to complicated appraisals. Modern accountants are insightful, well-informed business professionals. They are responsible for recording and analyzing the fiscal data that drives executive decision-making in companies, organizations and government.

Modern accounting involves calculating the cost and efficiency of new technology as well as participating in mergers and acquisitions. The best and brightest accountants are vital to the success of a company or corporation. Company accountants monitor the quality, development and use of systems to track finances, tax strategies and health care benefit management. Solid math skills are crucial for success in the accounting field.

Basic accounting fields

  • Public
  • Management
  • Government
  • Internal auditing

Top five career paths

  • Internal auditor
  • Compliance executive
  • Financial analyst
  • Staff accountant
  • External auditor

Key accounting skills

  • General business knowledge
  • Information technology expertise
  • Communications skills
  • Leadership abilities
  • Customer service orientation

Potential jobs in accounting fields

  • Chief financial officer (CFO)
  • Controller
  • Assistant controller
  • Senior accountant
  • Credit manager
  • Credit analyst
  • Internal auditor
  • Cost accountant
  • Tax accountant
  • Public accountant
  • Certified public accountant
  • Financial analyst

Below are just a few examples of possible career paths that can start with earning an A.S. in Accounting at Inver Hills.

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Why Inver Hills?

Completing your A.S. in Accounting degree obligations at Inver Hills is smart on several key levels:

  1. Assist in the generation, analysis, and interpretation of financial data leading to sound fiscal management
  2. Generate critical financial analysis needed for decision-making within an organization
  3. Utilize professional techniques to support key decisions made every day by business and industry
  4. Receive an excellent education with one-on-one interactions with accounting faculty
  5. Get firsthand experience working on real-world accounting problems
  6. Save money and continue your academic and professional careers with less student debt *

* On a national scale, student loan debt has mushroomed to $1.2 trillion, which is greater than credit card debt and auto loan debt combined. In Minnesota, the average debt for four-year grads tops $30,000; 70 percent carry a student debt load.

Tuition and fees for one year at Inver Hills costs a little less than $5,300. Compare that to $15,000 to $20,000 at a for-profit college, or $40,000 to $50,000 at a private college or university. You can complete your first two years at Inver getting a topflight education firsthand from Ph.D. instructors and then transfer to a four-year as a junior all while saving thousands of dollars. It's a no-brainer.

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