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Minnesota State College Southeast
A Technical & Community College

Accounting - AAS

Career Area: Business & Management
Program: Accounting
Campus(es): Winona/Online

A degree in accounting from MSC Southeast can take you anywhere

A degree in accounting can lead to a highly valued and rewarding career in one of the nation's fastest growing professions.

The 2-year Associate of Science in Accounting degree at Minnesota State College Southeast provides a strong foundation in all aspects of accounting with 42 credits of technical education, such as payroll, income tax, auditing, and business ethics. In addition, you will gain a well-rounded education with a range of coursework in economics, communications, math, and the humanities (18 credits).

With a focus on providing the most flexible course delivery options possible, Minnesota State College Southeast offers a program that can be completed online, on campus in Winona, or a combination of both. You can enroll in the accounting program in either the fall or spring semester and attend classes on a full-time or part-time basis.

About Accounting

If you have the desire to own your own business, be a leader, motivate people, and solve problems, consider enrolling in an accounting diploma or degree at Minnesota State College Southeast.

More and more employers are demanding an accounting degree or diploma from potential job candidates to fill their accounting positions. Minnesota State College Southeast's educational approach is a blend of theory and practice, providing a solid foundation for your career. MSC Southeast offers a practical, personal approach to learning the principles of accounting and making the best use of a variety of popular accounting software packages.

Once you have your degree in hand, you'll find that the opportunities for meaningful and challenging employment are plentiful in companies of all sizes.

Apply now for admission to MSC Southeast

Career Field: Business Management & Administration
Cluster: Finance
Pathway: Accounting
Recommended high school classes and basic job/program skills

Download the Program Plan


1) Must complete a minimum of 3 different MnTC goals in Liberal Arts and Sciences

2) 1100 or higher Liberal Arts and Sciences courses required unless specified

ECON 2530 Macroeconomics plus choose one additional Goal 5 course
ECON 2530 Macroeconomics plus choose one additional Goal 5 course
6 cr
Goal 4: Mathematics
Choose one Goal 4 course
3 cr
3 cr
18 crs
Payroll Accounting
This course covers the fundamental principles of accounting for payroll in a business environment. Federal Wage and Hour law provides the framework for payroll record keeping requirements that most employers must follow. The course discusses the various payroll taxes that both employers and employees are subject to, filing requirements, and legal deadlines that must be followed. (Prerequisite: none) (2 Credits: 2 lec/0 lab)

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2 cr
Computerized Acct Applications
Hands on approach to the accounting system. Topical areas covered include but are not limited to general ledger, accounts receivable, accounts payable, payroll, inventory, depreciation, financial statement analysis, departmentalized accounting and client write-up. (Prerequisites: ACCT2201 Financial Accounting) (3 Credits: 3 lecture/0 lab)

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3 cr
Spreadsheets Concepts and Applications
This course uses a spreadsheet system for business applications. Procedures used include: document creation, storage, retrieval, major editing, printing, merger of documents, segments and variables, and graph creation. (Prerequisite: None) (3 Credits: 3 lecture/0 lab)

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3 cr
Financial Accounting
This course covers the fundamental accounting concepts and principles which are used in a business environment to provide reports on the economic condition of an organization. The focus will be on the accrual method of accounting, utilizing Generally Accepted Accounting Principles (GAAP) to analyze and record transactions. The ultimate objective is to understand the effects of these transactions in order to provide timely and relevant information in the form of financial statements. (Prerequisite: none) (4 credits: 4 lecture/0 lab)

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4 cr
Managerial Accounting
This course covers the techniques for planning, controlling, and decision making relevant to managing costs in a manufacturing environment. The focus will be on cost concepts and cost behavior in relation to job-order costing, activity-based costing, and process costing. The budgetary process will be analyzed; including preparing and interpreting a master budget and flexible budget. (Prerequisite: ACCT2201 Financial Accounting or ACCT2211 Principles of Accounting II) (4 credits: 4 lecture/0 lab)

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4 cr
This course covers the methods and procedures used in the audit environment to verify the completeness and accuracy of accounting records. Major topics include professional ethics, the attest function, the nature of evidence, internal control procedures, audit sampling techniques, and the impact of electronic data processing. (Prerequisite: ACCT2201 Financial Accounting) (3 Credits: 3 lecture/0 lab)

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3 cr
Fund/Non-Profit Accounting
This course is a study of accounting standards and practices used by governmental and other not-for- profit entities. These standards are promulgated by the Governmental Accounting Standards Board in the case of government entities, and by the Financial Accounting Standards Board for non-profit organizations. The use of fund accounting and budgetary considerations are explained along with financial reporting requirements. The four governmental fund types are covered as well as proprietary and fiduciary funds. Transaction analysis is included for all of the various funds used. (Prerequisites: ACCT2201 Financial Accounting) (3 Credits: 3 lecture/0 lab)

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3 cr
Intermediate Accounting I
This course is an in depth study of financial reporting and statements: objectives, concepts, and analysis. Topics include the demand for and supply of financial accounting information and the conceptual framework for financial reporting. This course also serves as a review of a companys accounting system, the purpose, elements, classification and disclosures associated with the balance sheet, statement of shareholders equity, the income statement and the statement of cash flows. Students will understand business operating activities as it relates to cash, receivables, and inventory cost measurement and flow assumptions. (Prerequisites: ACCT2201 Financial Accounting) (3 Credits: 3 lecture/0 lab)

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3 cr
Intermediate Accounting II
This course is a continuation of Intermediate Accounting I. Students apply generally accepted accounting principles to valuation of liabilities and account for contingent obligations, investment activities, and financing activities. This course emphasizes meeting the requirements for full disclosure. (Prerequisites: ACCT 2223 Intermediate Accounting) (3 Credits: 3 lecture/0 lab)

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3 cr
Income Tax
This course covers individual and business income tax law as prescribed in the Internal Revenue code of 1986 and subsequent changes in the tax code. A brief overview of federal tax legislation provides a framework for understanding the law. The components of the tax formula are defined and discussed. The incremental nature of tax rates is explained, and tax rate schedules are used to compute sample cases. Gross income is defined along with exclusions and deductions as well as various tax credits. Business deductions including depreciation are described and calculated. Employee and self-employed related expenses are discussed as well as investor gains and losses. Property transactions and the many different classifications and treatments are discussed. Intuit Proconnect software, which is included with the text, is utilized to acquaint students with professional tax software and assist in return preparation. (Prerequisite: none) (4 credits: 4 lecture/0 lab)

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4 cr
Cost Accounting
This course is a survey of cost management techniques, including strategic cost management, inventory management, and productivity analysis. The focus will be on decision making and interpreting financial reports. Performance measurements, such as return on investment, residual income, operating performance, and the balanced scorecard will be discussed. (Prerequisite: ACCT2202 Managerial Accounting) (4 credits: 4 lecture/0 lab)

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4 cr
Legal Environment of Business
This course introduces students to ethical theory and decision-making models, as well as to the legal framework in which American business operates, the substantive legal rules that govern American business, domestically and internationally, and the ethical and social responsibility implications of business conduct within the legal environment. Governmental efforts to regulate business activity by statute and administrative agency rules and decisions are emphasized. (Prerequisite: none) (3 credits: 3 lecture/0 lab)

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3 cr
Business Ethics
A study of ethical problems in business and the foundations for decisions involving ethical issues. Topics include ethical concepts, personal integrity, individual conscience, and company loyalty and responsibility conflicts as they impact on the decision process in the functional areas of business. (Prerequisite: none) (3 credits: 3 lecture/0 lab)

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3 cr
42 crs

Total Credits Required for this Major: 60 Credits

Estimated Costs for this Major

Approximate Tuition/Fees:$11,675
Minimum Tool Cost:N/A
Estimated Total:$12,375


Career Opportunities

  • Staff Accountants
  • Banking
  • Managerial Accounting
  • Financial Accounting
  • Cost Accounting
  • Income Tax
  • Financial Services
  • Payroll Accounting
  • Government/Non-Profit
  • Budget Analysis
  • Audit

Career Information


Program graduates will be able to:
  1. Apply the principles of financial accounting, managerial accounting, cost accounting, tax accounting and not-for-profit accounting.
  2. Apply mathematical, analytical and business knowledge skills to formulate and solve problems and to make decisions relevant to the needs of business.
  3. Demonstrate proficiency in personal computer operations and applications.
  4. Demonstrate an understanding of human society and culture in order to function as an effective employee and citizen.


  • 2 year accounting degree online - 100% online option available
  • Excellent reputation with employers and students
  • Hands-on learning
  • Instructors have professional experience in all areas of accounting
  • Learn the latest computer software: Excel, QuickBooks, Access, Turbo Tax, Word, Peachtree and PowerPoint
  • Vast job opportunities with high growth potential
  • Interactive learning combines technology with accounting theory
  • Student organizations such as Student Senate provide leadership and professional growth opportunities


Jillane Halverson
Jill Halverson has a Bachelor of Arts Degree in Accounting and a Masters in Business Administration, both from Winona State University. She has expertise in the areas of public, private, tax, auditing, and non-profit accounting.
Samantha Justin
Samantha Justin earned her Bachelor of Arts in Accounting and Business Administration from Winona State University. She also holds a Wisconsin Certified Public Accountant license. She has experience in public, private, audit, tax, governmental, and non-profit accounting.





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Minnesota State College Southeast is an affirmative action/equal opportunity educator and employer. ADA accessible. MSC Southeast is committed to a policy of nondiscrimination in employment and education opportunity. No person shall be discriminated against in the terms and conditions of employment, personnel practices, or access to and participation in, programs, services, and activities with regard to race, sex, color, creed, religion, age, national origin, disability, marital status, status with regard to public assistance, or sexual orientation. In addition, discrimination in employment base on membership or activity in a local commission as defined by law is prohibited.


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