Accounting

Accounting

Transfer Pathway A.S.

The 60-credit Accounting Transfer Pathway A.S. program offers you the powerful opportunity to complete an associate degree and transfer with junior-year status to a designated, accounting-related bachelor’s degree program at one of seven Minnesota State universities.

This transfer pathway prepares you for a professional career on a wide variety of accounting paths, including internal auditor, compliance executive, financial analyst, staff accountant, and more. Accountants are employed in the public and private sector. They work in corporate management, government agencies, and firms providing auditing, consulting and tax services.

As a student in this A.S. program, you will complete the Accounting Transfer Pathway Curriculum (30 credits) and the General Education Curriculum (30 credits) for a credit total of 60.

The Accounting department at Inver Hills is accredited by the Accreditation Council for Business Schools and Programs (ACBSP).

Minnesota State universities

  • Bemidji State University
  • Metropolitan State University
  • Minnesota State University Mankato
  • Minnesota State University Moorhead
  • Southwest Minnesota State University
  • St. Cloud State University
  • Winona State University

Full-time schedule recommendation

See how to schedule your classes each semester to complete your degree in two years.

Full-Time Recommended Course of Study

Part-time schedule recommendation

Recommendations for a part-time schedule are included in the Accounting Program Planning Guide (see below).

2023-2024 Required Courses

Accounting Transfer Pathway Curriculum

Course # Course Name Credit(s)
  ACCT 2101
Financial Accounting
4

Course Outline
Credits: 4
Focuses on basic accounting concepts with emphasis on how financial information is used in decision-making, primarily by creditors and investors. It focuses on what the financial statements reveal about the credit worthiness and financial performance of companies organized as corporations. Topics covered include preparation, analysis and interpretation of financial statements including income statements, balance sheet, statement of owner's equity, and cash flow statement. Additional topics include processing accounting information, end of period adjustments, closing entries, cash versus accrual accounting, receivables, inventory, income measurement, current and fixed assets and liabilities, stockholders? equity, ratio analysis, cash flow, merchandising operations, and internal control. Meets lower-division transfer requirements for accounting and business administration majors at most 4-year institutions. Require completion of Math 0840 or assessment into Math 0940 or higher; recommended concurrent enrollment in BUS 1100.

Prerequisites:


Corequisites:
  • BUS 1100 Introduction to Business Applications and Computing

Future Offering:
  • Summer 2023
  • Fall 2023
  • Spring 2024
  • Summer 2024
  • Fall 2024
  • Spring 2025

  ACCT 2102
Managerial Accounting
4

Course Outline
Credits: 4
Consists of analyzing information and preparing reports for internal use in the company's management decision-making process. Emphasizes planning and control for profit-seeking enterprises. This course will cover cost terminology and behavior, fixed, mixed, and variable costs, standard costs and variances, activity-based costing, quality costs, job order costing, relevant costs, break-even and cost-volume-profit analysis, profit planning (budgeting), capital budgeting, flexible budgeting, segment reporting, transfer pricing, constrained resources, and business ethics. Meets requirements for accounting and lower-division-transfer business administration majors at most 4-year institutions.

Prerequisites:

  • ACCT 2101 Financial Accounting
  • ACCT 2101 Principles of Accounting I

Corequisites: None
Future Offering:
  • Summer 2023
  • Fall 2023
  • Spring 2024
  • Summer 2024
  • Fall 2024
  • Spring 2025

  ACCT 2220
Federal Individual Income Tax Accounting
3

Course Outline
Credits: 3
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.

Prerequisites: None
Corequisites: None
Future Offering:

  • Fall 2023
  • Fall 2024

  ACCT 2230
Government and Nonprofit Accounting
3

Course Outline
Credits: 3
Focuses on the fundamentals of fund/nonprofit accounting. It prepares students to apply basic governmental accounting principles and prepare financial statements for fund/nonprofit organizations. Topics covered will include accounting for states, municipalities, and not-for-profit organizations with some federal government accounting. Prerequisites: ACCT 2101

Prerequisites:

  • ACCT 2101 Financial Accounting

Corequisites: None
Future Offering:
  • Spring 2024
  • Spring 2025

  ACCT 2241
QuickBooks and Excel for Business
3

Course Outline
Credits: 3
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 BUS 1100.

Prerequisites:

  • ACCT 2101 Financial Accounting
  • ACCT 2101 Principles of Accounting I
  • BUS 1100 Introduction to Business Applications and Computing
  • CIS 1130 Introduction to Microsoft Excel
  • ITC 1130 Introduction to Microsoft Excel

Corequisites: None
Future Offering:
  • Spring 2024
  • Spring 2025

  BUS 1100
Introduction to Business Applications and Computing
4

Course Outline
Credits: 4
Introduces software applications designed to increase personal and organizational productivity. Applications include Microsoft Office, including Word, Excel, and PowerPoint. Other topics include a survey of open-source content management systems, relational databases, web analytic tools, computer security, safety, ethics, and privacy concerns.

Prerequisites: None
Corequisites: None
Future Offering:

  • Summer 2023
  • Fall 2023
  • Spring 2024
  • Summer 2024
  • Fall 2024
  • Spring 2025

  BUS 1131
Legal Environment of Business
3

Course Outline
Credits: 3
Introduces business students to legal topics that impact business. This course addresses legal reasoning, legal procedures, constitutional law, torts, contracts, the sale of goods under the uniform Commercial Code, business organizations, unfair competition, consumer protection, bankruptcy and employment law.

Prerequisites: None
Corequisites: None
Future Offering:

  • Summer 2023
  • Fall 2023
  • Spring 2024
  • Summer 2024
  • Fall 2024
  • Spring 2025

  BUS 2004
Principles of Marketing
3

Course Outline
Credits: 3
Provides an overview of the marketing process and examines the role of government, the marketing environment, consumer behavior, and the marketing function within an enterprise. Students will learn how to develop and implement an effective marketing plan which includes identification of target markets and the utilization of the appropriate marketing mix (product, price, promotion, and distribution). The course also covers essential marketing concepts and terminology such as positioning, segmentation, relationship marketing, marketing information systems, etc.

Prerequisites: None
Corequisites: None
Future Offering:

  • Summer 2023
  • Fall 2023
  • Spring 2024
  • Summer 2024
  • Fall 2024
  • Spring 2025

  BUS 2021
Principles of Management
3

Course Outline
Credits: 3
Studies management's role in helping organizations establish and achieve their mission and goals. Assists individuals in developing the skills needed to become successful practicing managers in today's society. Major areas of focus include the historical functions of management (planning, organizing, leading and controlling) as well as emerging ideas and practices that are transforming management and leadership in modern organizations.

Prerequisites: None
Corequisites: None
Future Offering:

  • Summer 2023
  • Fall 2023
  • Spring 2024
  • Fall 2024
  • Spring 2025

Total Credits in Accounting Transfer Pathway Curriculum 30

General Education Curriculum

Course # Course Name Credit(s)
  ENG 1108
Writing And Research Skills
4

Course Outline
Credits: 4
MNTC Goal Areas: 01, 02
Provides instruction and practice in reading, researching, and writing for college.

Prerequisites:


Corequisites:
  • ENG 0108 Workshop for Writing and Research Skills

Future Offering:
  • Summer 2023
  • Fall 2023
  • Spring 2024
  • Summer 2024
  • Fall 2024
  • Spring 2025

  ENG 1111
  ENG 1114
  ENG 1130
Research Writing    OR

The Research Paper    OR

Writing and Research For the Professions
2-3

Research Writing
Course Outline
Credits: 2
MNTC Goal Areas: 01, 02
Students will analyze primary and secondary sources and develop formal research writing in students' academic and/or professional disciplines including EMS, Paralegal, and Criminal Justice. Prerequisites: ENG 1108 or equivalent, with grade of C or better.

Prerequisites:

  • ENG 0101 Composition I: Expository Writing
  • ENG 1108 Writing And Research Skills

Corequisites: None
Future Offering:
  • Summer 2023
  • Fall 2023
  • Spring 2024
  • Summer 2024
  • Fall 2024
  • Spring 2025

The Research Paper
Course Outline
Credits: 3
MNTC Goal Areas: 01, 02
Emphasizes critical analysis of fiction or nonfiction texts, at least one book-length, resulting in a research paper that reflects analysis and synthesis of multiple sources. Prereq: Grade of C or higher in ENG 1108.

Prerequisites:

  • ENG 0101 Composition I: Expository Writing
  • ENG 1108 Writing And Research Skills

Corequisites: None
Future Offering:
  • Summer 2023
  • Fall 2023
  • Spring 2024
  • Summer 2024
  • Fall 2024
  • Spring 2025

Writing and Research For the Professions
Course Outline
Credits: 3
MNTC Goal Areas: 01, 02
Emphasizes critical audience analysis of professional texts across the disciplines, at least one book length, resulting in a professional research proposal, feasibility study, or report that reflects analysis and synthesis of multiple sources, persuasion, and students' mastery of professional and audience analysis, business writing, researching, and evaluative skills. Prerequisites: ENG 1108 or equivalent, with grade of C or better.

Prerequisites:

  • ENG 1108 Writing And Research Skills

Corequisites: None
Future Offering:
  • Fall 2023
  • Spring 2024
  • Fall 2024
  • Spring 2025

  COMM 1110
Public Speaking
3

Course Outline
Credits: 3
MNTC Goal Areas: 01, 02
Is the introductory study of the theory and practice of public speaking. Public presentation skills are required for individuals to be successful in our workplaces, communities and many other contexts in today's society. Students will learn about the different types of public speeches commonly encountered and learn how to research, organize and write their ideas into clear and understandable forms of public communication. Students will also practice the delivery skills needed to present ideas effectively. Students will be required to speak and participate often and will also be required to present their speeches in a classroom setting with an audience of their peers and an instructor.

Prerequisites: None
Corequisites: None
Future Offering:

  • Summer 2023
  • Fall 2023
  • Spring 2024
  • Summer 2024
  • Fall 2024
  • Spring 2025

General Education Credits (MnTC Goal 3)
with lab
3



Prerequisites: None
Corequisites: None
Future Offering: None

  MATH 1103
Introduction to Statistics
4

Course Outline
Credits: 4
MNTC Goal Areas: 02, 04
Presents basic statistics which includes descriptive and graphical statistics, basic probability, probability distributions, sampling distributions, confidence intervals and hypotheses testing for one or two populations, linear regression, chi-square tests, and ANOVA. Professional statistical software, such as Minitab, will be integrated throughout the class. Graphing calculator required for the course. Recommendation based on the results of the Inver Hills Assessment Test or grade of "C" or higher in MATH 0820 or 0840 within the last 2 years.

Prerequisites:


Corequisites:
  • MATH 0103 Statistics Support

Future Offering:
  • Summer 2023
  • Fall 2023
  • Spring 2024
  • Summer 2024
  • Fall 2024
  • Spring 2025

  MATH 1118
College Algebra I
4

Course Outline
Credits: 4
MNTC Goal Areas: 02, 04
Prepares students for Calculus I (MATH 1133) when taken in sequence with MATH 1119 or for Survey of Calculus (MATH 1120). Topics include the study of algebraic, exponential, and logarithmic functions; graphing functions using transformations; inverse functions; polynomial, exponential, logarithmic equations; systems of linear and non-linear equations; applied problems; building models from data. Use of technology will be embedded throughout the course. Recommendation based on the results of the Inver Hills Assessment Test or grade of C or higher in MATH 0940 within the last 2 years.

Prerequisites:


Corequisites:
  • MATH 0118 College Algebra Support

Future Offering:
  • Summer 2023
  • Fall 2023
  • Spring 2024
  • Summer 2024
  • Fall 2024
  • Spring 2025

  ECON 1105
Principles of Macroeconomics
3

Course Outline
Credits: 3
MNTC Goal Areas: 05, 08
Examines the performance of the U.S. economy in the early 21st century (national income accounting) as measured against historical performance, including an analysis of U.S. economic institutions and government macroeconomic policies. Prerequisites: Recommended READ 0093/0094 or placement into READ 1100.

Prerequisites:

  • READ 0093 Reading College Texts
  • READ 0094 Reading Workshop

Corequisites: None
Future Offering:
  • Summer 2023
  • Fall 2023
  • Spring 2024
  • Summer 2024
  • Fall 2024
  • Spring 2025

  ECON 1106
Principles of Microeconomics
3

Course Outline
Credits: 3
MNTC Goal Areas: 05, 08
Introduces students to the supply and demand analysis of prices and production under different market structures, the role of government in a market economy, international trade and exchange rates, and income distribution and the pricing of economic resources. Prereq: Recommended READ 0093/94 and MATH 0840 or higher.

Prerequisites:

  • MATH 0840 Introductory Algebra
  • READ 0093 Reading College Texts
  • READ 0094 Reading Workshop

Corequisites: None
Future Offering:
  • Summer 2023
  • Fall 2023
  • Spring 2024
  • Summer 2024
  • Fall 2024
  • Spring 2025

General Education Credits (Any MnTC Goal Area)
MnTC Goal 6 recommended
3-4



Prerequisites: None
Corequisites: None
Future Offering: None

Total Credits in General Education Curriculum 30
Total Credits: 60
‡ Select General Education electives from specified MnTC goal area or from any MnTC goals if none specified.