Best Accounting Schools in Iowa for 2025 – How to Become a CPA in IA

Co-Founder and Chief Data Scientist

Accounting is a crucial component of any organization or industry that deals with financial assets. Iowa puts a high premium on the practice as it is home to offices of some of the biggest accounting firms in the United States, including Ernst & Young, Deloitte, and KPMG. On the education front, Iowa has 40 postsecondary institutions that offer accounting programs (NCES, n.d.), giving learners plenty of choices to earn a degree and eventually become certified public accountants (CPAs).

Besides licensing CPAs, the Iowa Board of Accountancy also certifies licensed public accountants (LPAs) to enable accountant degree graduates to quickly seek employment after graduation. As far as reputable accounting programs are concerned, the state has a wealth of these, from two- and four-year undergraduate programs to master’s and doctorate degrees in accounting. So, which one should an aspirant pick to become a successful accountant?

Our team of researchers collected and assessed data from various programs offered by the postsecondary institutions in the state and determined the best accounting schools in Iowa. We also gathered information on how to become a practicing accountant, the CPA requirements in Iowa, and the details surrounding accounting programs.

Best Accounting Schools in Iowa Table of Contents

Is accounting a good job in Iowa?
What are the steps to becoming an accountant in Iowa?
Accounting Program Length in Iowa
Tuition and Costs of Accounting Programs in Iowa
Best Accounting Schools in Iowa for 2025
What to Look for in the Best Accounting Schools in Iowa
Online Accounting Education Opportunities in Iowa
Exploring Dual-Degree Opportunities in Accounting and Business in Iowa
What are the benefits of joining a professional accounting organization while studying?
Can accounting expertise support a transition into forensic investigations?
What financial aid options can support my accounting education in Iowa?
What additional certifications can expand my career horizons in Iowa?
What emerging trends will shape accounting careers in Iowa?
Can accounting skills facilitate a transition to an education career in Iowa?
Can accounting skills support successful urban planning in Iowa?
Can an accounting background pave the way to a high school math teaching career?
Can accounting expertise open doors to legal career opportunities?
What online accounting education opportunities are available in Iowa?
What other career paths can I pursue in Iowa after becoming a CPA?
Can accounting expertise empower a transition into healthcare administration?
Can pursuing an advanced degree in taxation enhance my career prospects?

Is accounting a good job in Iowa?

As home to many renowned accounting firms and a bustling business community, Iowa is an ideal place for pursuing and practicing accounting. According to the United States Bureau of Labor Statistics (BLS, 2023), the state employs 18,030 bookkeeping and accounting clerks, 12,110 accountants and auditors, and 10,530 financial managers. It also has a large community of professionals from closely related jobs like financial analysts (1,660), personal financial advisors (2,070), financial examiners (1,260), and financial risk specialists (1,090). New accountants can expand their networks and find more job opportunities through their state-based connections.

The programs offered by the best accounting schools in Iowa deliver impressive outcomes. Iowa has one of the highest CPA exam pass rates in the United States, leading to promising accounting career paths and salaries for learners. Many employers look to Iowan colleges and universities to find potential new hires for their accounting departments.

Moreover, the typical CPA salary Iowa companies offer is competitive and the career paths are well-established, assuring long-term growth for new accountants. So, how much does a CPA make in Iowa? The following displays the median annual salaries of accounting and financial jobs in Iowa based on the data from BLS:

Accountants and auditors $72,130
Bookkeeping and accounting clerks $44,980
Financial managers $131,080
Personal financial advisors $124,680
Financial and investment analysts $90,370
Financial risk specialists $96,060
Financial examiners $82,040

What are the steps to becoming an accountant in Iowa?

Becoming an accountant in Iowa is a relatively straightforward process that requires considerable time and effort in studying accounting concepts, learning the best practices, and understanding the ideal courses of action for all major financial situations. The first step is to earn an accounting degree.

Earn an Accounting Degree

The best accounting schools in Iowa provide a selection of undergraduate and graduate programs with varying durations, subject depths, and sometimes entry-level jobs. To enroll in one, applicants must complete an application form, provide official transcripts, a high school diploma, recommendation letters, and write a personal statement or essay.

Typically offered programs include the following:

Undergraduate Programs

Associate Degree in Accounting. This two-year degree teaches accounting principles, financial analysis, and fundamental business ideas. It prepares students for entry-level accounting positions and provides a strong foundation for additional education or career progression in the accounting field. The program is ideal for those who aim to become bookkeepers or accounting clerks.
Bachelor’s Degree in Accounting. This four-year degree provides a thorough financial accounting, taxation, auditing, and business management education. Ideal for aspiring CPAs, it prepares students for diverse accounting responsibilities in areas such as public accounting, corporate finance, government agencies, and others.
Bachelor’s Degree in Business Administration (Accounting). This four-year degree combines fundamental business courses with professional accounting education. The comprehensive program prepares students for professions in finance, auditing, taxes, and financial analysis by providing a strong foundation in both business management principles and basic accounting concepts.

Graduate and Post-graduate Programs

Master of Accounting (MAcc). Spanning one to two years, this graduate-level degree offers advanced and specialized training in accounting theory, practice, and research. It grants students the knowledge and abilities required for sophisticated accounting tasks, prepares them for CPA certification, and equips them with skills to advance their careers in accounting.
Master of Business Administration (MBA) with Accounting Concentration. An MBA with a concentration in accounting is a graduate-level business program that combines fundamental business courses with an accounting-specific curriculum. It provides a comprehensive education in business strategy, management, and leadership and in-depth knowledge of accounting concepts, financial analysis, and auditing procedures.
Doctorate Degree in Accounting. This three- to five-year program is a terminal degree that signifies mastery of accounting principles and practices. It concentrates on advanced training and research and contributes to advancing accounting theory and practice. The degree prepares students for positions in academia, research, and consulting.

The Iowa Board requires aspiring CPAs to complete 150 semester hours of accounting education, which include at least 24 hours of courses in auditing, taxation, financial accounting, and management accounting. Basic courses like the principles of accounting or elementary accounting are not counted in the requisite hours. A candidate should earn a bachelor’s degree or a graduate degree from an accredited school to gain eligibility for the CPA exam.

Pass the Uniform CPA Exam

The Uniform CPA Exam examines the knowledge and abilities required of individuals who intend to become CPAs in the US. It contains four sections that represent distinct accounting and business components:

Auditing and Attestation (AUD). This section tests candidates’ knowledge of auditing processes, attestation activities, and the application of generally accepted auditing standards. It assesses their competence to analyze risks, design and carry out audit procedures, and review internal controls to ensure accurate and reliable financial reporting for various companies.
Business Environment and Concepts (BEC). This section assesses candidates’ understanding of business concepts, economic principles, and strategic planning. It evaluates their ability to comprehend company environments, analyze financial data, and apply management and governance ideas in decision-making scenarios.
Financial Accounting and Reporting (FAR). This section evaluates the candidates’ understanding of financial accounting standards, reporting frameworks, and financial statement preparation for diverse businesses. It assesses their ability to handle complicated accounting operations, analyze financial data, and apply the Generally Accepted Accounting Principles (GAAP) to provide accurate and fair financial reporting.
Regulation (REG). This section assesses one’s knowledge of federal taxation, business law, ethics, and professional obligations. It tests their understanding of tax legislation, legal restrictions, and ethical issues applicable to individuals, businesses, and other entities.

CPA Candidates are required to pass all four sections in 18 months or less. Much preparation is necessary, considering the low passing rates of the four sections. Based on the cumulative rates of the first and second quarters of 2023, the section with the highest passing rate is the REG with 59.22%, followed by the BEC (58.25%), AUD (47.68%), and the FAR (42.3%) (Gleim, 2023). Fortunately, the best accounting schools in Iowa have some of the highest passing rates in the nation. Taking the exam comes with a fee of $100.

Gain Requisite Experience

Aside from the requisite education, candidates must also have at least one year of more than 2,000 hours of accounting work experience, supervised by a licensed CPA (NASBA, nd). Candidates may work in jobs for public accounting, private accounting, accounting education, and government accounting. Proof of completing the requisite work experience must be submitted to the Iowa Board for verification and approval.

Pass the Professional Ethics Exam

After passing the Uniform CPA exam, candidates must take the Professional Ethics Exam, administered by the American Institute of Certified Public Accountants (AICPA). The test is open-book and composed of multiple-choice questions. Candidates must score at least 90 to pass the exam (NASBA, nd).

Apply for a License

When candidates have passed the Uniform CPA Exam and the Professional Ethics Exam and completed the requisite education and work experience, they will send an application to the Iowa Board along with a fee of $100 (Iowa Professional Licensing Bureau, nd). To maintain a license, candidates must complete 80 hours of continuing education units (CEUs) within two years of filing their CPA application. Inactive licenses can be reactivated after a candidate completes 120 hours of CEUs.

Accounting Program Length in Iowa

The lengths of the programs from the best accounting schools in Iowa vary depending on the type of degree and mode of course delivery, whether students choose between full-time or part-time and on-campus or online accounting degree programs. Under normal circumstances, an associate degree in accounting can be completed in two years; a bachelor’s degree in four years; a master’s degree in one to two years; and a doctorate degree in three to five years.

Some schools offer accelerated programs that fast-track the process of obtaining a degree but come with heavier courseloads per semester, meriting extra dedication to one’s studies.

Tuition and Costs of Accounting Programs in Iowa

Besides program length, the costs of programs from the best accounting schools in Iowa vary considerably. According to CostOwl (2022), an associate degree in accounting typically costs around $3000-$10,000 per year. A bachelor’s degree from a public institution for in-state students charges about $7,000-$15,000 annually, while out-of-state students are usually charged $15,000-$25,000 each year. Bachelor’s degrees from private schools charge higher, with the average cost ranging from $20,000 to $45,000 each year. Meanwhile, master’s degrees from public institutions often cost around $7,000-$30,000 per year, more affordable than the average annual cost of graduate degrees from private ones, which is $20,000 and $42,000.

Online undergraduate programs usually charge $300-$600 per credit hour annually, while online graduate programs merit annual fees of $400-$700 per credit hour each year. As for online accounting certificates, students can find a program for as low as $5,000, but this can be more expensive if it is from a renowned private institution.

Best Accounting Schools in Iowa for 2025

Because many postsecondary institutions offer high-quality accounting programs, some students have difficulty narrowing down their options. With this, our team of researchers evaluated the state’s educational institutions and ranked the programs they provided based on CPA Exam pass rates, academic ratings, graduation rates, and cost-effectiveness. Five of the best accounting schools in Iowa have been identified.

1. University of Iowa Bachelor of Business Administration, Accounting Major

One of the best accounting schools in Iowa, the University of Iowa features a BBA, major in accounting program that aims to provide a strong foundation in accounting as it covers all the major areas, raising the job placement rates of its graduates. Besides having diverse and comprehensive accounting coursework, the school also actively hires particularly competent professors and offers a special Accounting Writing & Communications Program. This University of Iowa accounting program carries core courses like Principles of Microeconomics, Business Computing Essentials, Introduction to Financial Accounting, and Foundations of Business Analytics.

Program Length: 4 years
Tracks/concentrations: None
Cost per Credit: $196.50 (in-state); $379.53 (out-of-state)
Required Credits to Graduate: 120-123
Accreditation: Association to Advance Collegiate Schools of Business

2. Drake University Bachelor of Science in Business Administration, Accounting Major

Regarded as one of the best accounting schools in Iowa, Drake University designed its BSBA Accounting program with the Uniform CPA Exam in mind, as it guides learners to do well in the test and enables them to gain the knowledge and ability to have a promising career in accounting. Besides building technical knowledge, the program develops communication, critical thinking, and a learner’s business acumen. Its core courses include Accounting Systems, Intermediate and Advanced Managerial Accounting, Principles of Auditing, and Intermediate Financial Accounting.

Program Length: 4 years
Tracks/concentrations: None
Cost per Credit: $1,648.87
Required Credits to Graduate: 120
Accreditation: Association to Advance Collegiate Schools of Business

3. Iowa State University Bachelor of Science in Accounting

The Bachelor of Science in Accounting program at Iowa State University focuses on processing financial data, imparting extensive knowledge in areas like public accounting, auditing, forecasting, and consulting. To foster convenience for learners looking to pursue accounting long-term, the school enables learners to turn the program into one part of a double degree. Also, it offers a bridge option to a master’s degree in accounting. This Iowa State accounting program’s core courses include Financial Accounting, Professional Development in Business, Principles of Marketing, and Managerial Accounting.

Program Length: 4 years
Tracks/concentrations: None
Cost per Credit: $168.70 (in-state); $303.82 (out-of-state); $318.31 (international)
Required Credits to Graduate: 122
Accreditation: Association to Advance Collegiate Schools of Business

4. University of Northern Iowa Bachelor of Arts in Accounting

With a CPA passing rate of 70%, the University of Northern Iowa has a reputable Bachelor of Arts in Accounting program that concentrates on developing CPA and Non-CPA accounting competencies. The degree is known for incorporating STEM subjects, enabling students to develop well-rounded knowledge, which expands and adds depth to accounting applications. It also lets learners lead accounting teams, as they find ways to drive success to organizations. The program’s core courses include Principles of Financial Accounting, Principles of Managerial Accounting, Cost Accounting, and Accounting Information Systems.

Program Length: 4 years
Tracks/concentrations: CPA, Non-CPA
Cost per Credit: $1,098 (in-state); $1,693.39 (out-of-state)
Required Credits to Graduate: 150
Accreditation: Association to Advance Collegiate Schools of Business

5. Luther College Bachelor of Arts in Accounting

The Bachelor of Arts in Accounting degree at Luther College imparts diverse accounting knowledge along with the development of critical soft skills like problem-solving, critical thinking, and cultural awareness. Preparing students for the CPA Exam, the program features small class sizes and seasoned professionals as instructors so that learning is practical and can be personalized. Its core courses touch on subjects like financial accounting, mathematics, management, and economics.

Program Length: 4 years
Tracks/concentrations: None
Cost per Credit: $1,485
Required Credits to Graduate: 150
Accreditation: Higher Learning Commission

What to Look for in the Best Accounting Schools in Iowa

Selecting a degree from the best accounting schools in Iowa can be challenging if the offerings of the programs are comparable, from the cost and schedule to the coursework and the listed outcomes. To narrow down one’s options further, our team of researchers identified several considerations that can help distinguish the ideal accounting program.

Accreditation

The Iowa Board of Accounting only recognizes accounting programs accredited by approved organizations. After all, accreditation signifies that a program has been evaluated and proven to foster positive outcomes by local industry experts. Employers also favor graduates of accredited schools and programs. This means aspiring CPAs are required to take programs accredited by the following organizations:

CPA Exam Pass Rate

The Uniform CPA Exam measures the readiness of students to flourish as CPAs and deal with different types of clients and financial structures. Therefore, a school with a high passing rate is usually more effective in instilling accounting knowledge and skills than one with a significantly lower passing rate. Enrolling in the best accounting schools in Iowa increases one’s chances of acing the CPA Exam and finding gainful employment after being formally recognized as a CPA. After all, these institutions have a combined passing rate of 80.7% for first-time takers, underscoring the quality of education the state has on offer (University of Iowa, 2020).

Job Placement Opportunities

Schools with established partnerships with renowned organizations, local businesses, and accounting firms may offer students internships and networking opportunities, which may result in job offers. In addition, institutions that place a high premium on job placement tend to provide strong career services, such as resume workshops, interview preparation, job fairs, and possible networking opportunities. Students will have an easier time finding work, especially those with a competitive accounting major salary.

Reputation

Accreditation is not the only factor that matters when picking a program, given the considerable number of accredited schools and degrees in Iowa. As such, going with a school or program with a strong reputation for success helps graduates gain the favorable attention of potential employers. Finding reputable institutions and programs is easy since schools trumpet their achievements in high-traffic areas on their website.

Online Accounting Education Opportunities in Iowa

In today’s digital age, online education has become an increasingly popular choice for students pursuing degrees in various fields, including accounting. Iowa’s educational institutions are adapting to this trend by offering flexible online accounting degrees designed to cater to different needs, from working professionals to distant learners.

These online programs offer the same rigorous curriculum as their on-campus counterparts, ensuring that students do not compromise on the quality of their education. Courses cover essential topics such as financial accounting, management accounting, auditing, and taxation, and are typically delivered through a combination of synchronous (live) and asynchronous (pre-recorded) sessions, allowing for a versatile learning environment.

One standout feature of these online programs is their ability to link theory with practice. For instance, many courses integrate case studies that mirror real-world scenarios, enabling students to develop practical skills alongside theoretical knowledge. Furthermore, online students can benefit from virtual internships with major firms and real-time online seminars featuring accounting experts, enhancing their understanding of the field.

For students interested in a specialized career path, the bachelor of accounting online programs in Iowa offer a substantial foundation, preparing them for the CPA exam and subsequent professional opportunities. The flexibility of online learning allows students to balance their studies with personal and professional obligations, making it a practical option for many aspiring accountants.

Exploring Dual-Degree Opportunities in Accounting and Business in Iowa

Pursuing a dual degree in accounting and business has become an increasingly attractive option for students in Iowa seeking to expand their career prospects and skill sets. Dual-degree programs offered by some of the best business schools in Iowa integrate core concepts of accounting with broader business principles, equipping graduates to excel in multidisciplinary roles such as financial management, business consulting, and auditing leadership.

One significant advantage of these programs is their efficiency, allowing students to earn two complementary degrees—such as a Bachelor’s in Accounting and a Bachelor’s in Business Administration—within a condensed timeframe by overlapping course requirements. This streamlined approach not only saves time but reduces overall tuition costs compared to pursuing the degrees separately.

Moreover, these programs often encompass practical learning experiences, such as internships with leading firms, capstone projects analyzing real-world business challenges, and collaborative initiatives that hone problem-solving and analytical skills. Graduates emerge as versatile professionals ready to address complex financial issues while aligning them with business strategies, making them highly sought after in the job market.

For students considering this path, institutions like the University of Iowa and Iowa State University feature dual-degree options tailored to ambitious learners who aim to sharpen their competitive edge. By tapping into the resources and networks available through such programs, students can set a strong foundation for long-term success in the corporate world.

What are the benefits of joining a professional accounting organization while studying?

Joining a professional accounting organization as a student can offer numerous benefits that enhance both educational and career opportunities. These organizations provide access to exclusive resources, networking events, and career-building tools that support students on their path to becoming licensed CPAs. Some key benefits include:

Networking Opportunities: Professional organizations, such as the American Institute of CPAs (AICPA) and Iowa Society of CPAs (ISCPA), host regular events, conferences, and seminars. By attending these, students can connect with industry professionals, alumni, and other aspiring accountants, building a network that may lead to mentorship or job referrals.
Access to Resources and Learning Materials: Members often receive access to specialized resources, including research publications, industry updates, and case studies that deepen their knowledge of accounting practices. Many organizations also offer discounted or free access to study materials for the CPA Exam, which can be invaluable in exam preparation.
Career Development Support: Organizations typically offer career services such as resume workshops, interview preparation, and job fairs, helping students strengthen their professional profiles and increase their employability. Students can also learn about various career paths within the accounting field and gain insight into emerging trends and skills.
Scholarships and Financial Aid: Many professional accounting organizations offer scholarships, grants, and financial assistance to student members. These financial resources can help reduce tuition costs or fund additional certifications, making education more affordable.
Early Exposure to Professional Standards and Ethics: By joining these organizations, students can gain a deeper understanding of the ethical and professional standards expected in the field of accounting, preparing them for future licensing requirements and building a foundation of integrity.

Can accounting expertise support a transition into forensic investigations?

Forensic investigation roles leverage the analytical rigor and detailed knowledge of financial systems imparted by accounting programs. This career path focuses on scrutinizing financial records to identify fraud, discrepancies, and regulatory noncompliance. Professionals interested in bridging accounting and investigative work may consider targeted training that enriches their expertise in forensic methodologies. Pursuing a forensic science degree in Iowa can equip candidates with the specialized skills necessary for in-depth financial investigations, thereby expanding career opportunities in legal, governmental, and corporate compliance environments.

What financial aid options can support my accounting education in Iowa?

Financial aid plays a pivotal role in making accounting programs more accessible and reducing tuition burdens. Students can explore a variety of funding sources, including state scholarships, federal grants, low-interest student loans, and work-study opportunities offered by individual institutions. Many schools in Iowa tailor their financial aid packages to suit the needs of both undergraduate and graduate accounting students. For instance, applicants considering an associates degree in accounting may find specialized grants and scholarships that ease the cost of early career training. It is advisable for prospective students to consult the financial aid offices of their chosen institutions for personalized guidance on available funding options and eligibility criteria.

What additional certifications can expand my career horizons in Iowa?

For accounting professionals eager to diversify their skill set, pursuing complementary certifications offers a strategic pathway to enter niche fields and increase career flexibility. Specialized credentials such as Certified Fraud Examiner, Certified Management Accountant, or certifications in financial forensics provide advanced technical expertise that can complement a CPA background. Additionally, individuals considering a foray into the healthcare sector may benefit from understanding billing and coding practices. For those interested in blending accounting proficiency with healthcare administration, exploring how to be a medical coder in Iowa may open new professional avenues without overlapping existing qualification requirements.

What emerging trends will shape accounting careers in Iowa?

Recent shifts in technology and regulatory standards are redefining the accounting landscape in Iowa. Automation, data analytics, and cloud-based accounting platforms are increasingly integral to everyday operations, prompting professionals to expand their technical skills. These innovations not only streamline routine tasks but also require a broader understanding of digital tools to meet evolving benchmarks; for detailed insights into these changing standards, refer to CPA requirements in Iowa. Additionally, regulatory changes and market demands are encouraging a higher emphasis on cybersecurity, ethical practices, and real-time financial reporting, thereby fostering a culture of continual learning and agile adaptation among accounting professionals.

Can accounting skills facilitate a transition to an education career in Iowa?

Accounting professionals can apply their analytical rigor and systematic problem‐solving abilities to excel in education roles, whether in teaching or academic administration. Leveraging practical experience to clarify complex financial concepts enhances curriculum development and mentorship in business and accounting programs. For those considering a career change into education, it is essential to understand the academic prerequisites and professional qualifications. Review what degree do you need to be a teacher in Iowa for detailed guidance on transitioning into the education sector.

Can accounting skills support successful urban planning in Iowa?

In Iowa, the strategic application of accounting expertise can drive sustainable urban planning efforts by ensuring efficient financial management, transparent budgeting, and effective resource allocation within development projects. Professionals can leverage analytical skills to evaluate project costs, forecast economic impact, and optimize investment strategies, thereby helping urban planners secure funding and manage large-scale infrastructure initiatives with fiscal discipline. For individuals exploring a transition to urban development or seeking to integrate financial analysis into planning roles, learn more about how to become an urban planner in Iowa.

Can an accounting background pave the way to a high school math teaching career?

An accounting background develops advanced analytical, quantitative, and problem-solving skills that are highly transferable to high school math education. Professionals looking to transition can leverage their expertise in real-world data interpretation and logical reasoning to inspire students in complex mathematical concepts. Transitioning to a teaching career may require additional pedagogical training and certification; however, the strong numerical basis provided by an accounting education forms a solid foundation for academic excellence in math instruction. For detailed guidance on certification and training requirements, see how to become a high school math teacher in Iowa.

Can accounting expertise open doors to legal career opportunities?

Accounting professionals can leverage their analytical and numerical skills to enhance legal careers by supporting litigation analysis, evaluating financial evidence, and ensuring compliance with regulatory frameworks. A crossover into legal support roles, such as forensic accounting or paralegal services, often requires an appreciation of financial intricacies that bolster case assessments and risk evaluations. For individuals considering such a transition, learning how to become a paralegal in Iowa serves as a targeted entry point into the legal field, linking financial expertise with practical legal processes.

What online accounting education opportunities are available in Iowa?

Iowa has seen an increase in demand for online accounting programs, providing students with more flexible options to earn their degrees. Many of the top schools now offer robust online accounting programs that mirror the quality and rigor of their in-person counterparts. These programs cover key topics such as financial accounting, auditing, taxation, and management accounting. Online learning platforms enable students to engage with faculty and peers through virtual lectures, discussion boards, and collaborative projects, offering a comprehensive educational experience.

A major benefit of pursuing an online accounting degree is the flexibility it offers, especially for working professionals or those with busy schedules. Students can balance their coursework with personal commitments, which is a significant advantage for those who need to continue working while studying. For example, if you’re looking for a more specialized career in forensic accounting, earning an online forensic accounting degree can be a great way to enhance your skills while still maintaining your professional obligations.

Additionally, many online programs provide students with virtual internships and networking opportunities, connecting them with industry professionals and potential employers. These experiences are invaluable in preparing students for the real-world demands of the accounting industry.

What other career paths can I pursue in Iowa after becoming a CPA?

After becoming a CPA, individuals can explore various career paths in Iowa, including careers in education. For those interested in teaching, it's essential to understand the requirements for becoming an educator in the state. To learn more about the process, visit the elementary school teacher requirements in Iowa guide, which provides detailed information on the steps to become an elementary school teacher in Iowa. Additionally, CPAs can consider roles in finance, consulting, and industry, where their skills in financial analysis, auditing, and financial planning are highly valued.

Can accounting expertise empower a transition into healthcare administration?

In today’s evolving healthcare landscape, financial stewardship plays a vital role in effective organizational management. Accounting professionals can leverage their analytical skills to optimize budgeting, enhance compliance, and manage risks in healthcare settings. Such expertise is critical for roles in healthcare finance and administration, where precision and strategic planning directly impact patient services and operational efficiency. For professionals considering a career shift toward patient-focused roles while retaining their financial acumen, exploring how to become a nurse practitioner in Iowa can offer a dual pathway to expand their impact within the industry.

Can pursuing an advanced degree in taxation enhance my career prospects?

Accounting professionals seeking to differentiate themselves in today’s dynamic financial landscape may consider specialized education in taxation. Pursuing an advanced degree focuses on deepening expertise in tax planning, regulatory compliance, and strategic risk management, which are critical in navigating complex tax laws. Enrolling in an affordable master in taxation online program offers a flexible pathway to gain up-to-date technical knowledge and leadership skills that can accelerate career growth in both public accounting and corporate finance arenas.

What happens after a student becomes a CPA?

Besides earning a master’s degree, getting licensed as a CPA is a primary form of advancing one’s career in accounting since the title grants professionals access to higher-caliber financial accounting careers. CPAs with notable work experience can apply for leadership and management roles, which have significantly higher pay than standard CPA positions. They can work in various industries and open consultancy services to increase their incomes and expand their networks.

Furthermore, the renewal process of a CPA license entails taking up accounting courses to ensure that the competencies of accounting professionals perpetually meet the current standards. This means that becoming a CPA is a lifelong learning experience that sustains one’s interest in accounting and rewards those who continually pursue the practice with tangible financial results.

Key Insights

High Demand for Accountants: Iowa is home to major accounting firms like Ernst & Young, Deloitte, and KPMG, indicating a strong demand for accounting professionals. The state's business community and numerous financial institutions further underscore the need for skilled accountants.
Diverse Educational Opportunities: Iowa offers a range of accounting programs across 40 postsecondary institutions, providing options from associate degrees to doctorates. This diversity allows students to choose a program that fits their career goals and educational needs.
CPA Licensure Requirements: To become a CPA in Iowa, candidates must complete 150 semester hours of accounting education, pass the Uniform CPA Exam, gain one year of relevant work experience, and pass the Professional Ethics Exam.
Competitive Salaries: Accountants and auditors in Iowa earn a median annual salary of $72,130, with financial managers earning up to $131,080. These competitive salaries reflect the value of accounting professionals in the state.
High CPA Exam Pass Rates: Iowa boasts some of the highest CPA exam pass rates in the nation, indicating the effectiveness of its accounting education programs in preparing students for the CPA exam and subsequent professional success.
Accredited Programs: The best accounting schools in Iowa are accredited by recognized bodies such as the AACSB, ensuring high educational standards and better career opportunities for graduates.

FAQ

1. What are the educational requirements to become a CPA in Iowa?

To become a CPA in Iowa, candidates must complete 150 semester hours of accounting education, which includes at least 24 hours of courses in auditing, taxation, financial accounting, and management accounting. A bachelor’s degree or a graduate degree from an accredited school is also required.

2. Do I need to pass any exams to become a CPA in Iowa?

Yes, you must pass the Uniform CPA Exam, which consists of four sections: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG). Additionally, you must pass the Professional Ethics Exam administered by the AICPA.

3. How much work experience is required for CPA licensure in Iowa?

Candidates must complete at least one year of accounting work experience, equivalent to over 2,000 hours, under the supervision of a licensed CPA. This experience can be in public accounting, private accounting, accounting education, or government accounting.

4. What are some top accounting schools in Iowa?

Top accounting schools in Iowa include the University of Iowa, Drake University, Iowa State University, University of Northern Iowa, and Luther College. These schools offer accredited programs with high CPA exam pass rates and strong job placement opportunities.

5. What is the cost of accounting programs in Iowa?

The cost varies by degree and institution. Associate degrees range from $3,000 to $10,000 per year, bachelor’s degrees from public institutions cost about $7,000 to $15,000 annually for in-state students, and private schools charge $20,000 to $45,000 annually. Master’s degrees from public institutions range from $7,000 to $30,000 per year, while private institutions charge $20,000 to $42,000 annually.

6. How long does it take to complete an accounting degree in Iowa?

An associate degree typically takes two years, a bachelor’s degree takes four years, a master’s degree takes one to two years, and a doctorate degree takes three to five years. Some schools offer accelerated programs that can shorten these durations.

7. What kind of job opportunities are available for accountants in Iowa?

Accountants in Iowa can work in various roles, including financial analysts, audit managers, forensic accountants, and financial risk specialists. They can find employment in diverse industries such as finance, healthcare, government, and technology.

8. What are the continuing education requirements for CPAs in Iowa?

CPAs in Iowa must complete 80 hours of continuing education units (CEUs) every two years to maintain their license. Inactive licenses can be reactivated after completing 120 hours of CEUs.

9. How do Iowa accounting programs support career placement?

Many Iowa accounting programs have partnerships with local businesses and accounting firms, offering internships and networking opportunities. They also provide career services such as resume workshops, interview preparation, and job fairs to help students secure employment after graduation.

10. What should I look for when choosing an accounting program in Iowa?

When choosing an accounting program, consider factors such as accreditation, CPA exam pass rates, job placement opportunities, program reputation, and the cost and length of the program. Ensuring the program is accredited by recognized bodies like AACSB is crucial for quality education and better career prospects.

References:

BLS (2023, April 25). May 2022 State Occupational Employment and Wage Estimates Iowa. BLS
CostOwl (2022, February 1). How Much Does Accounting School Cost? CostOwl
Gleim (2023). CPA Exam Pass Rates Guide. Gleim
NASBA. Iowa. NASBA
NCES. College Navigator. NCES
University of Iowa (2020, November 23). Accounting graduates CPA exam performance ranks first in Iowa; fourth in Big Ten. University of Iowa