Updated on May 9, 2024
Edited by Evelyn Keener
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University Headquarters (HQ) is an industry-leading, independent educational organization that provides independent college rankings using a proprietary formula to create first class unbiased rankings. The team at University HQ strives to provide accurate and trustworthy rankings that highlights the best programs for accounting in Kentucky.

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What is Accounting?

An accountant takes care of the daily financial obligations of a business. They are in charge of keeping accurate accounting records, such as the general journal and the general ledger, and they complete the monthly financial reports, such as the balance sheet and income statement. They are also in charge of ensuring that all taxes are filed in a timely manner. There could be one accountant for a business or a team of accountants with each taking charge of an accounting process. Many businesses have a CPA that works as the head of the accounting department, but smaller businesses might use an accountant that's not a CPA or a full charge bookkeeper. Accountants can work in-house for a single business or as part of an accounting firm that has several different clients.

When some people think of accountants, they visualize a little man with a pencil protector punching numbers into a calculator from a spreadsheet. This is not only an antiquated image, but also it’s just a small fraction of what an accountant actually does. The role of an accountant is an important one for any business, and accounting professionals are as diverse as any other professionals in an industry. In the state of Kentucky, there are over 11,000 people in the accounting and auditing field and they earn, on average, $71,000 a year. It is a career that technically can be started right out of high school and a person can progress in the field by gaining additional education and experience.

According to the US Bureau of Labor Statistics, the need for accountants is expected to increase between now and 2030, so there are and will be jobs available for newcomers during this time. If you are a person who likes numbers, enjoys puzzles, and would like to help a business have a clear financial vision, then a career in accounting could be a good option. Below is information to get you started, from the education required to some of the careers that could be available to you in the accounting field. Here’s a hint: pocket protectors and calculators aren’t generally required, but computer skills and excellent analytical skills are.

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Top Ranked Campus & Online Accounting Programs in Kentucky

  • Undergraduate Tuition
    • In-State: $10,896
    • Out-of-State: $21,480
  • Net Price: $7,259
  • Acceptance Rate: 86%
  • Retention Rate: 77%
  • Graduation Rate: 50%
  • Total Enrollment: 15,801
  • Undergrad Students: 10,776
  • Graduate Students: 5,025
  • Grads Salary: $72,000
  • Student-to-faculty: 17:1
  • Northern Kentucky University
View All Their Popular Majors and Rankings
  • Undergraduate Tuition
    • In-State: $9,708
    • Out-of-State: $19,452
  • Net Price: $11,042
  • Acceptance Rate: 84%
  • Retention Rate: 77%
  • Graduation Rate: 58%
  • Total Enrollment: 9,479
  • Undergrad Students: 7,679
  • Graduate Students: 1,800
  • Grads Salary: $69,000
  • Student-to-faculty: 16:1
  • Murray State University
View All Their Popular Majors and Rankings
  • Undergraduate Tuition
    • In-State: $10,130
    • Out-of-State: $20,820
  • Net Price: $10,806
  • Acceptance Rate: 64%
  • Retention Rate: 77%
  • Graduation Rate: 49%
  • Total Enrollment: 14,324
  • Undergrad Students: 12,072
  • Graduate Students: 2,252
  • Grads Salary: $69,000
  • Student-to-faculty: 16:1
  • Eastern Kentucky University
View All Their Popular Majors and Rankings

University of Kentucky

Score: 78.95

  • Undergraduate Tuition
    • In-State: $13,212
    • Out-of-State: $33,406
  • Net Price: $18,693
  • Acceptance Rate: 95%
  • Retention Rate: 85%
  • Graduation Rate: 69%
  • Total Enrollment: 31,547
  • Undergrad Students: 22,735
  • Graduate Students: 8,812
  • Grads Salary: $72,000
  • Student-to-faculty: 17:1
  • University of Kentucky

University of Louisville

Score: 78.35

  • Undergraduate Tuition
    • In-State: $12,828
    • Out-of-State: $29,174
  • Net Price: $19,327
  • Acceptance Rate: 82%
  • Retention Rate: 78%
  • Graduation Rate: 62%
  • Total Enrollment: 22,017
  • Undergrad Students: 15,921
  • Graduate Students: 6,096
  • Grads Salary: $73,000
  • Student-to-faculty: 13:1
  • University of Louisville

Transylvania University

Score: 77.99

  • Undergraduate Tuition
    • In-State: $44,980
    • Out-of-State: $44,980
  • Net Price: $25,767
  • Acceptance Rate: 91%
  • Retention Rate: 78%
  • Graduation Rate: 69%
  • Total Enrollment: 979
  • Undergrad Students: 979
  • Graduate Students: N/A
  • Grads Salary: $77,000
  • Student-to-faculty: 10:1
  • Transylvania University
  • Undergraduate Tuition
    • In-State: $9,838
    • Out-of-State: $14,706
  • Net Price: $10,991
  • Acceptance Rate: 84%
  • Retention Rate: 68%
  • Graduation Rate: 47%
  • Total Enrollment: 8,807
  • Undergrad Students: 8,215
  • Graduate Students: 592
  • Grads Salary: $66,000
  • Student-to-faculty: 14:1
  • Morehead State University
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Asbury University

Score: 74.2

  • Undergraduate Tuition
    • In-State: $33,640
    • Out-of-State: $33,640
  • Net Price: $21,506
  • Acceptance Rate: 79%
  • Retention Rate: 83%
  • Graduation Rate: 70%
  • Total Enrollment: 1,650
  • Undergrad Students: 1,404
  • Graduate Students: 246
  • Grads Salary: $59,000
  • Student-to-faculty: 11:1
  • Asbury University

Georgetown College

Score: 74.01

  • Undergraduate Tuition
    • In-State: $42,010
    • Out-of-State: $42,010
  • Net Price: $15,152
  • Acceptance Rate: 72%
  • Retention Rate: 65%
  • Graduation Rate: 46%
  • Total Enrollment: 1,548
  • Undergrad Students: 1,233
  • Graduate Students: 315
  • Grads Salary: $71,000
  • Student-to-faculty: 14:1
  • Georgetown College

Kentucky Wesleyan College

Score: 73.91

  • Undergraduate Tuition
    • In-State: $33,393
    • Out-of-State: $33,393
  • Net Price: $20,735
  • Acceptance Rate: 69%
  • Retention Rate: 57%
  • Graduation Rate: 48%
  • Total Enrollment: 813
  • Undergrad Students: 813
  • Graduate Students: N/A
  • Grads Salary: $78,000
  • Student-to-faculty: 12:1
  • Kentucky Wesleyan College

Brescia University

Score: 73.63

  • Undergraduate Tuition
    • In-State: $30,450
    • Out-of-State: $30,450
  • Net Price: $16,127
  • Acceptance Rate: 50%
  • Retention Rate: 77%
  • Graduation Rate: 43%
  • Total Enrollment: 646
  • Undergrad Students: 551
  • Graduate Students: 95
  • Grads Salary: $63,000
  • Student-to-faculty: 9:1
  • Brescia University
  • Undergraduate Tuition
    • In-State: $11,436
    • Out-of-State: $27,000
  • Net Price: $12,625
  • Acceptance Rate: 97%
  • Retention Rate: 77%
  • Graduation Rate: 51%
  • Total Enrollment: 16,493
  • Undergrad Students: 14,440
  • Graduate Students: 2,053
  • Grads Salary: $66,000
  • Student-to-faculty: 18:1
  • Western Kentucky University
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  • Undergraduate Tuition
    • In-State: $9,875
    • Out-of-State: $9,875
  • Net Price: $14,337
  • Acceptance Rate: 83%
  • Retention Rate: 70%
  • Graduation Rate: 44%
  • Total Enrollment: 18,053
  • Undergrad Students: 5,174
  • Graduate Students: 12,879
  • Grads Salary: $70,000
  • Student-to-faculty: 18:1
  • University of the Cumberlands
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  • Undergraduate Tuition
    • In-State: $38,400
    • Out-of-State: $38,400
  • Net Price: $21,962
  • Acceptance Rate: 94%
  • Retention Rate: 66%
  • Graduation Rate: 44%
  • Total Enrollment: 1,958
  • Undergrad Students: 1,829
  • Graduate Students: 129
  • Grads Salary: $81,000
  • Student-to-faculty: 14:1
  • Thomas More University
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Union College

Score: 67

  • Undergraduate Tuition
    • In-State: $30,946
    • Out-of-State: $30,946
  • Net Price: $18,221
  • Acceptance Rate: 53%
  • Retention Rate: 59%
  • Graduation Rate: 33%
  • Total Enrollment: 970
  • Undergrad Students: 724
  • Graduate Students: 246
  • Grads Salary: $65,000
  • Student-to-faculty: 9:1
  • Union College

Spalding University

Score: 63.7

  • Undergraduate Tuition
    • In-State: $27,850
    • Out-of-State: $27,850
  • Net Price: $26,539
  • Acceptance Rate: 98%
  • Retention Rate: 71%
  • Graduation Rate: 45%
  • Total Enrollment: 1,532
  • Undergrad Students: 767
  • Graduate Students: 765
  • Grads Salary: $69,000
  • Student-to-faculty: 9:1
  • Spalding University

Midway University

Score: 61.5

  • Undergraduate Tuition
    • In-State: $26,080
    • Out-of-State: $26,080
  • Net Price: $22,848
  • Acceptance Rate: 94%
  • Retention Rate: 74%
  • Graduation Rate: 43%
  • Total Enrollment: 1,441
  • Undergrad Students: 1,203
  • Graduate Students: 238
  • Grads Salary: $63,000
  • Student-to-faculty: 15:1
  • Midway University

Sullivan University

Score: 60.62

  • Undergraduate Tuition
    • In-State: $14,220
    • Out-of-State: $14,220
  • Net Price: $19,537
  • Acceptance Rate: 100%
  • Retention Rate: 67%
  • Graduation Rate: 27%
  • Total Enrollment: 2,309
  • Undergrad Students: 1,844
  • Graduate Students: 465
  • Grads Salary: $69,000
  • Student-to-faculty: 13:1
  • Sullivan University
  • Undergraduate Tuition
    • In-State: $26,990
    • Out-of-State: $26,990
  • Net Price: $20,987
  • Acceptance Rate: 100%
  • Retention Rate: 60%
  • Graduation Rate: 41%
  • Total Enrollment: 11,775
  • Undergrad Students: 6,411
  • Graduate Students: 5,364
  • Grads Salary: $65,000
  • Student-to-faculty: 23:1
  • Campbellsville University
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Alice Lloyd College

Score: 50.2

  • Undergraduate Tuition
    • In-State: $14,080
    • Out-of-State: $14,080
  • Net Price: $16,596
  • Acceptance Rate: 98%
  • Retention Rate: 55%
  • Graduation Rate: 40%
  • Total Enrollment: 565
  • Undergrad Students: 565
  • Graduate Students: N/A
  • Grads Salary: $38,500
  • Student-to-faculty: 16:1
  • Alice Lloyd College

Online Accounting Education in Kentucky

Many people believe that you are required to be good at math to be an accountant. This isn’t true. The best accountants can see the big picture and see how current actions could affect a business later. They are also interested in how the government regulates an industry and where tax savings and benefits can be found. In other words, math could be one of the least important part of an accountant’s daily operations. However, if a person has basic math skills, a career in accounting is still an excellent opportunity and an option worth pursuing, and understanding the concepts of math is still an important part of the job, though you will have calculators and programs to help make sure you do everything correctly.

Online Associate Degree in Accounting (AA)

For those interested in accounting as a possible career choice but are not sure what direction they want to take, a two-year degree in accounting is a good place to start. With an associate degree, graduates can gain entry-level positions at accounting firms or small businesses or become bookkeepers. Associate degrees typically take two years to complete.

Some of the classes an accounting major might take include:

  • Accounting I & II
  • Computerized Accounting
  • Business Management
  • Business Ethics

If, after working in this field for a period of time, a person decides that they want to pursue an accounting career further, continuing their education would be the next step. This will be required for those who want an accounting position with more responsibility.

Online Bachelor's Degree in Accounting (BS, BAcc or B.Acy)

For those who are serious about pursuing a career in accounting, a bachelor’s degree is the first step. Students studying accounting will take a combination of accounting courses and general business courses. A four-year degree will prepare a student to work as an accountant for small to midsize businesses. The degree also lays the groundwork for a graduate to take the certified public accountant exam, also known as the CPA exam. This certification is required to work for many businesses as a full charge accountant.

Some of the courses included in an accounting program include:

  • Accounting I & II
  • Managerial Accounting
  • Cost Accounting
  • Accounting Information Systems
  • Business Management
  • Marketing
  • Business Law
  • Business Ethics
  • Corporate Finance
  • Quantitative Business Analysis

Bachelor’s degrees take eight semesters normally completed over a four- to five-year period. Some people need less time while others require additional time due to family and work obligations.

UniversityHQ's Top 25 BS in Accounting National Rankings

Online Master's Degree in Accounting (MS, MAcc or M.Acy)

Accountants who are interested in pursuing managerial or supervisory roles often earn a graduate degree. The two most popular degrees are a master’s in accountancy and master’s in business administration (MBA). Those who want to narrow their focus and stick with accounting will pursue the master’s in accountancy, while others who want a broader degree may pursue a masters of business administration. Neither degree is better than the other; the right one depends on the student’s ultimate goals.

The curriculum of both programs are similar and some of the courses taken can include:

  • Federal Taxation
  • Financial Accounting Regulation
  • Business Process Integration
  • Data Analytics and Data Management
  • Audit Theory Review and Practice
  • Financial Accounting Theory Review and Practice

The program typically takes three to five years to complete. At the end of the program, either a capstone or a comprehensive examination must usually be completed. For those who have not taken the CPA exam, the graduate degree serves as a study guide.

UniversityHQ's Top 25 MS in Accounting National Rankings

Online PhD Degree in Doctorate (D.Acy.)

Doctorate programs in accounting are often part of either a general business or organizational leadership program. This is because most people who pursue terminal degrees are seeking to either become subject matter experts, executives, or enter academia as an instructor. For this reason, many programs are customized by the student to create the program that best suits their needs.

However, most programs still include certain core subjects, some of which may include:

  • Finance
  • Taxation
  • Auditing
  • Management
  • Organizational Leadership
  • Business Law
  • Ethics
  • Business Psychology
  • Advanced Statistics and Analysis

Doctorate programs typically take five to seven years to complete. A large research paper called the dissertation is usually required at the end, as well as the successful defense of that dissertation. Accountants with doctorate degrees can also pursue work in academia and enter the teaching profession at colleges and universities. Many accountants have both accounting and teaching careers.

Learn more about a PhD in Accounting Learn more about accounting resources and scholarships

CPA Exam Requirements in Kentucky

If you want to become a CPA certified public accountant and take the CPA exam, you must first obtain your degree. In Kentucky, the boards of accountancy require that CPA candidates must complete 150 credit hours in accounting as a student in an accredited college and obtain a bachelor’s degree at minimum. These must include 39 hours of overview business courses, of which 27 hours of content are specifically accounting.

Courses in the following subjects may make up 12 hours or more:

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  • Business
  • Computers
  • Economics
  • Finance
  • Marketing
  • Statistics

If you attended an international college or a university program based in a foreign country, a member credentialing agency of the National Association of Credential Evaluation Services, Inc. (NACES) must evaluate your academic credits. Contact NACES directly by phone or email to arrange an evaluation to ensure your education met all standards in terms of CPA requirements. The NACES will provide your results to the Kentucky State Board of Accountancy (KSBA).

Taking the Kentucky CPA Exam

Individuals who have completed at least 120 credit hours of college and have earned a bachelor’s degree are eligible to sit for the Uniform CPA Exam. Visit the KSBA website to apply for the CPA exam. Once you receive the application packet, fill out the forms and send in official transcripts from your colleges or university, along with the applicable fees. These fees include an initial examination fee, and additional fees for each of the four sections of the CPA exam, along with other fees detailed in the application.

Read thoroughly and take the application to a notary before signing; after notarization, send the package to:

Kentucky State Board
332 W. Broadway, #310
Louisville, KY 40202

Once the KSBA approves your application, it sends an “Authorization to Test” to the National Association of State Boards of Accountancy (NASBA). You will receive an invoice from NASBA, which is payable within 90 days. Once NASBA receives the funds, you will receive a Notice to Schedule the Uniform CPA Exam. You receive this notice via the method chosen in your application; either via email, fax, or regular mail.

  • The Uniform CPA Examination

    The Uniform CPA Exam was created by the American Institute of Certified Public Accountants (AICPA) and consists of four separate components, each on a different subject: Financial accounting and reporting; Business environment and concepts; Regulation and Auditing and Attestation. The test for each component lasts a period of four hours, for a total of 16 hours of testing. You can take each exam on separate dates or, technically, you could take the entire CPA exam in one 16-hour sitting but the open hours of a testing center may make this impossible. All components of the CPA exam must be completed within 18 months after you file a passing score on the initial component.

  • Exam scheduling

    The Uniform CPA Examination is held in three Kentucky testing center locations in Florence, Lexington, and Louisville. Visit the Prometric website to schedule your CPA exam. On the day of the testing, arrive at the test site at least 30 minutes before the time the test is set to begin in order to get through security and ask any questions. You will need official identification to take the test, such as a driver’s license or some other form of identification including your photograph. After you sit for the CPA exam, your scores are mailed to you.

    The Uniform CPA Examination consists of four separate components.

Continuing Professional Education Requirements

Kentucky’s Continuing Professional Education (CPE) requirements vary depending on your job after becoming a CPA. If the previous two years of your work took place in a public accounting firm and you worked 3,000 hours or more, you must complete 80 CPE hours every two years. All other licensed CPAs must complete 60 CPE hours every two years.

You will receive CPE credits by the KSBA for classes where you learn about the following subjects:

  • Auditing and Accounting
  • Business Law
  • Communication Arts
  • Economics
  • Ethics
  • Finance
  • Information Systems and Accounting Technology
  • Management Services
  • Marketing
  • Mathematics
  • Statistics
  • Taxation

You may also receive continuing education credit for administrative procedures dealing with attest services and learning courses or credit hours with a concentration in specialized areas of the industry. Such specializations include financial analysis, cost accounting, management consulting, academia, and government accounting.

Certain CPA programs count for CPE credit. These include:

  • In-house educational programs
  • Credited college and university courses, specifically graduate courses
  • Non-credit college and university courses, such as certificates or similar programs
  • Formal independent study courses, including those online
  • Professional accounting organization’s professional development courses

Article and book publishing may help by counting for up to 25% of your CPE credits. Lecturing, speaking or leading discussions may account for up to 60 percent of your CPE credits.

Once you have completed your CPE credits, hold on to the documentation for at least five years. This documentation includes the titles and descriptions of courses, the dates attended, the sponsor and how many CPE hours you are claiming for each course.

Become an Accountant in Kentucky

For those who want to become an accountant in the bluegrass state, the first step is to attain the education needed to work in the industry. Not everyone wants to become a CPA, so getting an associate degree first and working as an accounting clerk is a good start. Many people, after getting an associate degree, choose to become bookkeepers and are perfectly happy in that position, therefore additional education may not be required. Those who are interested and becoming full-charge accountants or CPAs will need to pursue additional education, such as a bachelor’s degree in accounting, along with business coursework. To work in management, a graduate degree in either business or accounting is often required.

The next step is to take the CPA exam if CPA is your ultimate goal. The certified public accounting exam consists of four different sections. Many people who plan to take the exams first complete a study course, which can vary from four to 10 weeks in length. Another option is to wait until after a person has completed a graduate degree because graduate courses can serve as a refresher course for the CPA exam. Students can take all four sections or one section at a time, but they will not be considered a CPA until all four sections of the exam have been passed within a certain timeframe. Once a person has passed the exam and has become a CPA, their license must be renewed every two years and continuing education credits of 150 hours are required over that two-year period. In the state of Kentucky, the exam costs roughly $1,000. This includes the cost of all four exam sections as well as taxes and fees.

Once a person has their CPA and has worked in the accounting field for some time, they might be ready to narrow their area of accounting focus. There are several avenues that can be considered; for example a person may choose to focus on tax accounting above all else. Others may decide that they would like to pursue forensic accounting, or a specialized field of accounting in a certain industry, such as manufacturing or research. These accountants can earn a master’s if they have not, or they can start working toward certain certifications that will provide them with expertise in their new field of interest.

Potential Careers for Accounting Graduates

An accounting professional has many different career avenues available to them. Below is a small sampling of the positions a person with an accounting degree could pursue.

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