How to Become an Accountant in Iowa for 2025

Co-Founder and Chief Data Scientist

Accounting in Iowa offers a stable and growing career path, fueled by a diverse economy and strong demand for financial expertise. Becoming an accountant here provides access to competitive salaries and a variety of industries, from agriculture to manufacturing. To succeed, focus on obtaining a CPA license, gaining practical experience, and staying updated on state-specific regulations. Pursuing accounting in Iowa is a practical choice for those seeking job security and professional growth in a supportive economic environment.

Key Things to Know About Becoming an Accountant in Iowa

Accountants in Iowa enjoy steady job growth, with a projected 6% increase through 2030, reflecting strong demand in finance and business sectors.
The average annual salary for accountants in Iowa is approximately $65,000, slightly below the national average but competitive for the Midwest region.
Key universities offering accounting programs include the University of Iowa, Iowa State University, and Drake University, recognized for quality education and CPA exam preparation.
Obtaining CPA licensure in Iowa requires 150 credit hours, passing the CPA exam, and one year of relevant experience, essential for career advancement.

What is the minimum educational requirement for becoming an accountant in Iowa?
What are the licensing requirements for accountants in Iowa?
What are the most in-demand skills for accountants in Iowa?
What accounting roles are available in Iowa?
How much can I earn as an accountant in Iowa?
What is the job outlook for accountants in Iowa?
How do I choose the best accounting school in Iowa?
What role do interdisciplinary skills play in enhancing accounting expertise in Iowa?
How can complementary business education boost my accounting career in Iowa?
How can legal expertise complement accounting practices in Iowa?
Which industries are best for accountants in Iowa?
What regulations and ethical considerations should I know regarding accounting practice in Iowa?
What is the continuing educational requirement for accountants in Iowa?
What career and advancement opportunities are available for accountants in Iowa?
Other Things You Should Know About How to Become an Accountant in Iowa

What is the minimum educational requirement for becoming an accountant in Iowa?

The minimum education required to become an accountant in Iowa involves obtaining at least a bachelor’s degree from an accredited institution, with a strong emphasis on accounting coursework. The Iowa Accountancy Examining Board mandates that candidates complete a minimum of 150 semester hours of education, which typically exceeds the standard four-year degree. This requirement encourages students to pursue additional coursework or graduate studies to deepen their knowledge and meet licensing criteria.

To meet accounting degree requirements in Iowa, candidates must ensure their coursework includes at least 30 semester hours in accounting-related subjects such as financial accounting, auditing, taxation, managerial accounting, and accounting information systems. Additionally, 24 semester hours in business-related courses like finance, business law, economics, and statistics are required. This combination equips future accountants with the technical skills and business acumen necessary for success in the profession.

Planning your education carefully is crucial to fulfilling these requirements efficiently. Many students opt for programs specifically designed to satisfy Iowa’s 150-hour rule and coursework mandates. Those looking for flexibility might consider accelerated online accounting degree programs, which can help complete the necessary credits faster while balancing other commitments.

Meeting these educational standards is essential not only for licensure but also for eligibility to sit for the Uniform CPA Examination. Aspiring accountants should regularly consult with academic advisors and state board guidelines to track their progress and ensure all Iowa-specific requirements are met. This proactive approach helps avoid delays in certification and prepares candidates for the professional challenges ahead.

What are the licensing requirements for accountants in Iowa?

To become a licensed accountant in Iowa, you must pass the Uniform Certified Public Accountant (CPA) Examination administered by the American Institute of Certified Public Accountants (AICPA). In addition to the educational requirement, candidates must gain one year of professional work experience under the supervision of a licensed CPA. This experience is essential for developing practical skills and understanding ethical responsibilities critical to the profession.

Preparing for the CPA exam is a significant challenge. Iowa offers several resources to help candidates succeed. The Iowa Society of CPAs provides review courses and seminars that focus on exam content, techniques, and time management. Many local universities and community colleges also offer CPA review classes in various formats, including online and in-person, to accommodate different learning styles. Additionally, candidates often use nationally recognized review programs that offer practice exams and structured study schedules aligned with the exam sections.

It’s important to note that the average pass rate for first-time CPA exam candidates nationwide is around 50%, highlighting the exam’s difficulty. Candidates who participate in structured review courses and seminars tend to perform better than those who prepare independently without formal guidance.

After passing the exam and meeting the experience requirement, accountants must stay informed about Iowa’s Board of Accountancy regulations, which include ethical standards and continuing education mandates. Regularly reviewing these rules ensures compliance and helps maintain licensure throughout one’s career.

What are the most in-demand skills for accountants in Iowa?

To become a licensed accountant in Iowa, you must pass the Uniform Certified Public Accountant (CPA) Examination administered by the American Institute of Certified Public Accountants (AICPA). Before applying for licensure, Iowa requires candidates to meet specific education and experience criteria. This includes completing at least 150 semester hours of college coursework, which generally involves earning a bachelor’s degree in accounting or a related field plus additional credits in business or accounting subjects.

In addition to the educational requirement, candidates must gain one year of professional work experience under the supervision of a licensed CPA. This experience is essential for developing practical skills and understanding ethical responsibilities critical to the profession.

What accounting roles are available in Iowa?

Becoming an accountant in Iowa offers diverse career opportunities, including roles as a Certified Public Accountant (CPA), financial accountant, tax accountant, auditor, budget analyst, and cost accountant. Each path demands a unique blend of education, certifications, and practical experience tailored to Iowa’s economic environment. For example, CPAs must complete 150 semester hours, pass the Uniform CPA Exam, and fulfill experience requirements set by the Iowa Accountancy Examining Board. Financial accountants focus on GAAP compliance and preparing financial statements for key state industries like manufacturing and healthcare. Tax accountants require deep knowledge of federal and Iowa tax codes, while auditors often pursue CPA or Certified Internal Auditor (CIA) certifications to verify financial accuracy.

One Iowa accountant I spoke with shared their journey through these requirements. They described the challenge of balancing rigorous coursework with gaining hands-on experience in a fast-paced public accounting firm. “The 150-hour education requirement felt overwhelming at first,” they said, “but integrating internships allowed me to apply classroom concepts directly, which made the learning curve manageable.” They emphasized the importance of developing strong communication skills to explain complex financial data clearly to clients, something that isn’t always taught in textbooks. This practical approach helped them adapt to various roles within accounting jobs in Iowa, from auditing to budgeting.

Specializing in budgeting and forecasting or cost accounting requires analytical skills and familiarity with financial modeling software, crucial for Iowa’s manufacturing and agricultural sectors. Staying current with certifications and industry trends is key to advancing in these fields. For those exploring what can you do with an accounting degree, focusing on gaining relevant credentials and real-world experience in Iowa’s industries opens the door to numerous career opportunities.

How much can I earn as an accountant in Iowa?

Accountants in Iowa can expect a range of salaries depending on their experience and the industry they work in, which is important to consider when planning your career. Entry-level accountants typically earn between $45,000 and $55,000 annually. These starting roles are common in public accounting firms, small to mid-sized corporations, and government agencies. Public accounting firms, which often provide auditing, tax, and consulting services, tend to offer salaries at the higher end of this range due to the workload and certification requirements.

For those aiming to increase their earnings, acquiring additional credentials such as the CPA (Certified Public Accountant) and gaining five or more years of experience can substantially boost income. Mid- to senior-level accountants in Iowa usually earn between $65,000 and $90,000 per year. In larger corporations and specialized sectors like finance, insurance, and manufacturing, salaries can exceed $90,000, especially for managerial or supervisory positions. Understanding the average income for Iowa accountants helps in setting realistic expectations and career goals.

Government accounting roles, including those in state and local agencies, generally provide stable salaries and benefits but may pay slightly less than private firms. Advanced government positions often offer between $60,000 and $80,000 annually. Nonprofit organizations typically have lower salary scales, with senior accountants earning from $55,000 to $75,000. To improve your prospects, consider pursuing an associates degree accounting as a foundation before advancing to higher certifications and roles.

According to the U.S. Bureau of Labor Statistics, the mean annual wage for accountants and auditors in Iowa was about $69,000 in 2023. This figure aligns with industry-specific pay variations and local economic factors, indicating that accounting remains a financially rewarding career choice in Iowa for those who invest in certification and experience.

What is the job outlook for accountants in Iowa?

The employment outlook for Iowa accountants remains promising, supported by a steady demand for skilled professionals across various industries. The accountant job growth in Iowa aligns with national projections from the U.S. Bureau of Labor Statistics, which estimate a 7% increase in employment for accountants and auditors through 2032. This steady growth is fueled by Iowa’s diverse economy, including agriculture, manufacturing, finance, and a range of small to medium-sized enterprises that require ongoing accounting and auditing services.

For those exploring the employment outlook for Iowa accountants, it is important to consider both salary and cost of living factors. Iowa’s cost of living is lower than the national average, making the average annual wage of about $72,000 for accountants relatively competitive in terms of purchasing power. Entry-level accountants can expect to earn salaries that support a comfortable lifestyle in many Iowa communities, which is an encouraging factor for recent graduates and career changers alike.

Developing technology skills is increasingly vital for success in accounting careers. As businesses adopt more sophisticated digital financial systems and face complex regulatory environments, accountants proficient in data analytics and accounting software stand out in the job market. To accelerate your career, consider pursuing an accelerated accounting degree online, which can provide both foundational knowledge and technical skills efficiently.

In summary, individuals interested in accounting careers should focus on gaining relevant technical competencies and understanding Iowa’s diverse economic landscape. This approach will enhance job prospects and prepare you for growth in this stable profession.

How do I choose the best accounting school in Iowa?

Evaluate programs based on accreditation, curriculum rigor, practical training opportunities, and career placement success. Prospective accountants should compare factors such as faculty credentials, industry partnerships, and internship programs, all of which contribute to a comprehensive educational experience. For detailed information on reputable institutions, consult the best accounting schools in Iowa to identify programs that align with your career objectives.

What role do interdisciplinary skills play in enhancing accounting expertise in Iowa?

Accountants in Iowa can further differentiate themselves by integrating interdisciplinary skills that extend beyond traditional financial analysis. For example, specialized training in areas like forensic investigation can equip professionals with critical capabilities to detect and resolve financial discrepancies, strengthen fraud prevention, and support litigation efforts. Leveraging such expertise creates opportunities for roles that blend analytical precision with investigative insights, thereby expanding the scope of conventional accounting practice. Professionals interested in exploring this avenue may consider pursuing forensic scientist education in Iowa to enhance their technical proficiency and add a competitive edge to their careers.

How can complementary business education boost my accounting career in Iowa?

In today’s competitive landscape, integrating advanced business education with your accounting expertise can significantly enhance strategic decision-making and leadership potential. A focused curriculum in areas such as corporate finance, entrepreneurship, and innovation management equips professionals with critical soft skills that complement technical proficiency. This dual focus not only broadens your service offerings in diverse industries but also prepares you to navigate complex financial environments and drive business growth. For insights on institutions that combine robust business training with industry relevance, consider exploring the best business schools in Iowa.

How can legal expertise complement accounting practices in Iowa?

Accountants who enhance their practice with legal insights are better equipped to navigate complex compliance issues and contractual obligations. Integrating legal knowledge can improve risk assessment, support audit processes, and contribute to more effective dispute resolution. This interdisciplinary approach enables professionals to bridge the gap between financial analysis and legal compliance, adding value to both internal and external advisory roles. For an introduction to legal training that complements accounting, see Iowa paralegal education requirements.

Which industries are best for accountants in Iowa?

Accountants seeking higher salaries and strong career growth in Iowa should consider several key industries. Public accounting firms are a prime choice, offering competitive starting salaries between $55,000 and $70,000 for entry-level roles. These firms provide valuable experience across auditing, tax, and consulting services, alongside structured promotion tracks leading to senior roles or partnerships. However, candidates should be prepared for longer working hours, especially during tax season.

Corporate accounting positions in Iowa typically offer higher median salaries around $75,000, with senior roles exceeding $100,000. Companies in manufacturing, insurance, and finance industries provide more predictable hours and additional benefits such as bonuses, stock options, and comprehensive health plans. These roles often focus on internal auditing, budgeting, and financial analysis, making them suitable for accountants prioritizing stability and upward mobility within a business environment.

Government accounting jobs in Iowa may offer slightly lower salaries, usually ranging from $50,000 to $65,000, but come with notable perks worth considering. These include strong job security, pension plans, and a favorable work-life balance. Promotion paths are typically clear and based on tenure and performance within civil service systems, making government roles attractive for those valuing stability and steady career progression.

For those motivated by mission-driven work, nonprofit organizations in Iowa provide opportunities to manage grants and ensure compliance with donor requirements. Although salaries tend to be lower, generally between $45,000 and $60,000, the collaborative and purpose-oriented work environment delivers unique professional challenges and personal fulfillment.

Evaluating these industries carefully will help aspiring accountants in Iowa align their career choices with salary expectations, benefits, and work-life priorities.

What regulations and ethical considerations should I know regarding accounting practice in Iowa?

To become an accountant in Iowa, it is crucial to understand and comply with the state’s legal regulations and ethical standards. The Iowa Accountancy Examining Board (IAEB) oversees the licensure and conduct of certified public accountants (CPAs) through the Iowa Accountancy Act. This includes meeting education requirements, passing the CPA exam, and fulfilling continuing professional education (CPE) obligations. Iowa CPAs must complete 40 hours of CPE annually, with a focus on ethics courses to stay current with evolving laws and professional standards.

Ethical best practices for Iowa accountants align with the American Institute of Certified Public Accountants (AICPA) Code of Professional Conduct. Key principles include maintaining integrity, objectivity, confidentiality, and professional behavior. Accountants should actively avoid conflicts of interest, ensure accurate and transparent financial disclosures, and protect client information to uphold these standards. Following these guidelines reduces the risk of disciplinary actions and strengthens public trust.

The IAEB enforces compliance through disciplinary measures such as license suspension, revocation, or fines for violations involving fraud, negligence, or unethical behavior. To minimize risks, accountants should implement strong internal controls and regularly review compliance with both state and federal regulations, including the Sarbanes-Oxley Act and IRS guidelines. Staying informed through professional organizations and state resources is essential for ongoing success.

For those pursuing an accounting career in Iowa, a proactive approach to education, ethical conduct, and regulatory compliance is vital. Prioritize continuous learning and ethical decision-making to build a reputable and sustainable practice in this regulated profession.

What is the continuing educational requirement for accountants in Iowa?

To maintain your accounting license in Iowa, you must meet specific continuing professional education (CPE) requirements set by the Iowa Accountancy Examining Board. This ensures that licensed accountants stay current with evolving standards and maintain professional competence. You are required to complete 120 hours of CPE every three years, with at least 20 hours earned each year. Of these annual hours, a minimum of 4 must focus on ethics, emphasizing the importance of professional integrity in your practice.

To fulfill these requirements effectively, plan your education activities in advance. Consider a mix of approved learning formats such as live seminars, webinars, self-study courses, and professional conferences. Selecting CPE programs relevant to accounting and approved by the board or recognized accrediting organizations will ensure your hours count toward your license renewal.

If you fall behind on your CPE hours, it is critical to act promptly. The board requires a plan to make up any deficiencies, and failure to comply can lead to disciplinary actions including license suspension or revocation. To avoid these consequences, track your completed hours regularly and schedule make-up courses well before your reporting deadline.

Maintaining your license through consistent CPE not only complies with Iowa regulations but also enhances your professional skills and reputation. Many accountants find that integrating ethics training into their annual plans strengthens their decision-making and client trust. Staying proactive with your continuing education will help you sustain a successful and compliant accounting career in Iowa.

What career and advancement opportunities are available for accountants in Iowa?

Accountants in Iowa can significantly enhance their career prospects by actively engaging with key professional organizations that support certification, education, and networking. The Iowa Society of Certified Public Accountants (ISCPA) is a leading resource, representing over 5,000 CPAs statewide. Joining the ISCPA grants access to continuing professional education (CPE) courses, job boards, mentorship programs, and advocacy efforts that address state and national accounting issues. For those focused on accounting career growth in Iowa, the ISCPA’s leadership development and networking events provide valuable opportunities to connect with industry leaders and peers.

In addition to state-level support, local chapters of the American Institute of Certified Public Accountants (AICPA) offer events and specialized training that keep professionals up-to-date with evolving industry standards and regulations. These connections often lead to senior roles within accounting firms, corporations, or government agencies. Leveraging these networks is crucial for accountant job opportunities Iowa, helping candidates gain visibility and build relationships that open doors to advancement.

Higher education institutions such as the University of Iowa and Iowa State University also play a vital role by providing alumni networks and career services that facilitate practical experience and professional growth. Early-career accountants can benefit from these resources, including internships and mentorships. Additionally, exploring payroll accounting programs can be an effective strategy to broaden one’s skillset and improve job market competitiveness in Iowa’s accounting field.

What do accountants say about their careers in Iowa?

"Completing my accounting program at the University of Northern Iowa gave me a solid foundation and a real sense of connection to the local business community. Starting my career at a small enterprise here allowed me to apply what I learned immediately while understanding the unique financial challenges Iowa businesses face. I love that my work contributes to the growth of local companies and helps strengthen the economy right where I live. The supportive environment and steady job market make this career both rewarding and stable." -Candace

"After graduating from Iowa State University, I dove into the accounting field within a local business. The experience has been incredibly fulfilling as it has expanded my professional skills and given me the chance to develop leadership abilities. Iowa’s close-knit communities offer unique challenges, like navigating agricultural accounting complexities, which have deepened my expertise. I find great satisfaction in helping businesses thrive and contribute to a vibrant regional economy." -Justin

"Studying accounting at Drake University opened doors for me to grow not only professionally but personally by engaging with Iowa’s diverse industries. The opportunities to support startups and small businesses in this state have been truly inspiring. I appreciate how Iowa’s culture emphasizes community impact, and as an accountant, I feel proud knowing my work helps sustain local jobs and encourages economic vitality. This career path has been a journey of continuous learning and meaningful contribution." -Sasha

Other Things You Should Know About How to Become an Accountant in Iowa

What steps are required to apply for the CPA exam in Iowa?

To apply for the CPA exam in Iowa, start by verifying you meet the educational requirements, which include holding a bachelor’s degree with specified accounting and business credit hours. This ensures you have the necessary academic background to handle the exam's complexity. Next, submit your application to the Iowa Accountancy Examining Board, including all required transcripts and supporting documents to prove your qualifications. Be prepared to pay the applicable application fees during this submission. Once your application is approved, you will receive a Notice to Schedule (NTS), which allows you to arrange your exam dates with the designated testing service. Remember, Iowa administers the national Uniform CPA Examination, so familiarize yourself thoroughly with its content and format before scheduling your test. Following these steps carefully will streamline your application process and set you on the path to becoming a licensed CPA in Iowa.

What are the eligibility requirements for taking the CPA exam in Iowa?

To take the CPA exam in Iowa, candidates must fulfill specific educational criteria established by the Iowa Accountancy Examining Board. You need to complete at least 150 semester hours of college education from an accredited institution, which generally includes a bachelor’s degree with a focus on accounting and business subjects. Specifically, you must have completed a minimum of 24 semester hours in accounting courses and 24 semester hours in business-related courses to cover both technical and managerial knowledge essential for the profession. There is no residency requirement, so you can apply regardless of where you live. However, it is important to ensure your application and fees are submitted correctly to the Iowa Accountancy Examining Board to avoid delays or rejections. Meeting these requirements is the essential first step to becoming a licensed accountant in Iowa.

Completion of 150 semester hours of college education
At least 24 semester hours in accounting courses
At least 24 semester hours in business-related courses
No residency requirement to apply
Proper submission of application and fees to Iowa Accountancy Examining Board

How many attempts are allowed to pass the CPA exam in Iowa?

Iowa does not limit the total number of attempts you can make to pass the CPA exam, allowing candidates to retake any section as many times as needed. However, there are key rules to keep in mind for effective exam planning:

You must pass all four sections within an 18-month rolling period starting from when you pass the first section.
If you fail to complete all sections within 18 months, credits for the earliest passed sections expire, and you must retake them.
After an unsuccessful attempt, there is a mandatory 24-hour waiting period before retaking the same section.

This system offers flexibility but requires steady progress. To succeed, plan your study schedule carefully to pass all sections within the timeframe and use the waiting period to review and improve your skills before retaking any section.

Do I need a supervised accounting experience to qualify as an accountant in Iowa?

Yes, to qualify as an accountant in Iowa, specifically to become a Certified Public Accountant (CPA), you must complete supervised accounting experience. The Iowa Accountancy Examining Board requires candidates to have at least one year, or 2,000 hours, of work experience directly supervised by a licensed CPA. This ensures that you gain practical skills and professional competence essential for licensure and career success.

Your supervised experience should involve relevant accounting activities such as:

Accounting and attest services
Compilation of financial statements
Management advisory services
Financial advisory work
Tax preparation and consulting
Other consulting skills related to accounting

Experience can be obtained in various professional settings, giving you flexibility to choose an environment that best fits your career goals and interests. These settings include:

Public accounting firms
Private industry companies
Government agencies
Academic institutions

It is important to ensure that the CPA supervising your experience holds an active license in good standing. Additionally, your experience must be properly documented and verified as part of your CPA licensure application. This documentation demonstrates that you have applied your academic knowledge in real-world scenarios and developed the essential skills to uphold high professional standards in accounting.