Skip Sub Menu


Available Options

School of Accounting website


The School of Accounting provides an education in accounting and business law that prepares graduates to assume entry-level positions in public, private, governmental, and not-for-profit accounting. Its program establishes a foundation for future growth and development for the accounting student. Students learn how to develop, analyze, interpret and present business data and information that enable effective business decision-making. The curriculum prepares graduates to sit for professional examinations in accounting that lead to such designations as Certified Public Accountant (CPA), Certified Management Accountant (CMA), and Certified Internal Auditor (CIA). Finally, the accounting major is excellent preparation for law school and a legal career.

Graduates are prepared to assume responsibilities in a wide range of professional positions and in diverse employment situations. For example, positions are available for graduates as auditors, tax and business and consultants in public accounting; cost control, budgeting, internal auditing, financial reporting and tax planning in both industry and the not-for-profit sector; and as auditors and financial managers in the public sector.

Requirements for Major

The School of Accounting awards both graduate and undergraduate degrees in accounting. The undergraduate degree, a Bachelor of Science in Business Administration (B.S.B.A.), requires 124 semester hours and is typically completed in four years on a full-time basis. A student may pursue either the accounting major itself or a joint major in accounting and another discipline within the College of Business and Public Administration (CBPA). 

The accounting major requires completion of 27 credit hours of accounting courses, beyond introductory accounting (ACCT 041 and 042).  The graduate degree in accounting, Master of Accounting (MAcc), requires an additional 30 hours of graduate study beyond the B.S.B.A. degree and is typically completed in one year. However, with careful planning, both the bachelor’s and master’s degrees can be completed in as little as four and one-half years. A student may choose to earn the B.S.B.A. degree or both the B.S.B.A. and MAcc degrees depending upon his/her career interests.

Almost all of the 54 jurisdictions in the United States that confer the CPA certificate require 150 hours of collegiate study comprising an accounting major for certification. Drake’s MAcc degree provides the additional study in accounting, business law, and related subjects necessary to earn the CPA designation in those jurisdictions requiring 150 hours of study. Details of the MAcc are available in Drake’s Graduate Catalog.

The accounting major is integrated with courses in the liberal arts and in other business disciplines throughout both the B.S.B.A. and MAcc programs. From the first year through the fourth or fifth year of study, each student is involved in the major through a minimum of two accounting and/or business law courses per academic year. This integrated curriculum of accounting, business law, liberal arts and business provides the educational foundation needed for a successful professional career and success in completing the professional certification examinations.

Students admitted to Drake University who declare an accounting major are conditionally admitted to the School of Accounting as “pre-accounting” majors. As pre-accounting majors, students are assigned accounting faculty members as academic advisers and are invited to participate in School of Accounting activities. An application for full admission to the school must be filed with the director of the school when admission requirements have been met, typically in the fall semester of the junior year. This requirement applies to accounting majors, joint accounting majors, and double majors that include accounting. The School of Accounting admits students who have satisfactorily met the following requirements:

  • Junior standing.
  • Completion of each of the following courses (or their equivalents) with a grade of "C" or better, whether at Drake or accepted as transfer credit to Drake
    • BLAW 060
    • IS 044
    • MATH 028 or higher
    • ECON 001
    • ECON 010
    • STAT 071
    • ACCT 041
    • ACCT 042
    • ACCT 105
  • Attainment of a cumulative GPA of 2.50 or higher on all work completed at Drake University.
  • Attainment of a cumulative GPA of 2.50 or higher for ACCT 041, ACCT 042 and ACCT 105.
  • Students transferring more than 48 credit hours to Drake must complete at least 12 credits at Drake with a cumulative GPA of 2.50 or higher, including a "C" or better in ACCT 110, ACCT 185, or ACCT 165.

To graduate with an undergraduate accounting major, a student must maintain a cumulative GPA of 2.00 for all Drake University work attempted, a cumulative GPA of 2.00 for all courses taken in the College of Business and Public Administration that carry a number of 100 and above, and a cumulative grade-point average of 2.00 or above for all 100-level accounting courses required to complete the major.


Credit Hours

ACCT 041 - Introduction to Financial Accounting


ACCT 042 - Introduction to Managerial Accounting


ACCT 105 - Accounting Information Systems


ACCT 110 - Managerial Accounting


ACCT 115 - Advanced Managerial Accounting


ACCT 165 - Financial Accounting I


ACCT 166 - Financial Accounting II


ACCT 175 - Auditing Principles


ACCT 185 - Individual Taxation


BLAW 060 - Business Law I


Select one of the following


ACCT 167 - Advanced Financial Accounting


ACCT 186 - Business Entity Taxation


BLAW 120 - Business Law II


BLAW 180 - Business Organizations


IS 074 - Advanced IT Applications for Business


Requirements for Joint Majors

The purpose of the joint major in accounting is to provide the opportunity for students to complete an in-depth study of both accounting and another business discipline within the 124 credits needed to obtain an undergraduate degree. This is not possible if the student pursues a double major in accounting and another business discipline. The accounting joint major requires completion of 18 credit hours of accounting courses, beyond introductory accounting, along with additional credit hours in another CBPA discipline.  The following accounting joint majors are offered

  • Accounting/Actuarial Science
  • Accounting/Finance
  • Accounting/International Business
  • Accounting/Information Systems
  • Accounting/Management
  • Accounting/Marketing

Unlike a double major, a joint major is a single major that incorporates coursework in both accounting and another business discipline.  At the completion of a joint accounting major, a student meets the education requirement to sit for the Certified Management Accountant (CMA), and Certified Internal Auditor (CIA) examinations.

The joint major enables graduates to seek accounting positions in industry, government and the not-for-profit sector. In addition, it provides students who are not interested in accounting as a career, a strong foundation in financial reporting, cost accounting, taxation, and the auditing of operations. The joint accounting major still provides the undergraduate student with the accounting courses needed to enter the Master of Accounting degree program, if a student should decide later to pursue CPA professional certification.

A joint accounting major requires:

  1. Acceptance of the student into the School of Accounting.
  2. Completion of ACCT 105, 110, 165, 166, and either 175 or 185 with a cumulative GPA for these courses of 2.00 or higher.
  3. Completion of the requirements of another discipline in the College of Business and Public Administration.  See the description of the non-accounting disciplline to identify its joint major requirements.

2016-2017 Drake University Undergraduate Catalog
University News