Accounting

Requirements & Courses

Accounting Major | See Fast Track to a CPA Requirements

Fifty-two credits, which must include the Core Courses (36 credits) and 16 additional credits, including BUS 321, 322, 331 and 425.

Core Courses: BUS 121, 221, 222 (standard 4-credit course or 222 Modular which includes 222A and one from 222B, 222C, 222D, or 222E), 225, 309, 323, 333, 440 and 4 credits from the following: BUS 340, 341, 342 or 442; BUS 150, 151 and/or 350; BUS 385/386; BUS 299/399/499; BUS 500.

Cognate courses required for all Business Majors and Minors:

  1. ECN 201 or 202
  2. Four credits of Data/Business Analytics
  3. One course from MTH 113, 116, 121 or 341, BTC 280 (biostatistics), PSY 220 or other courses approved by the department
  4. Business Application Software (2 credits) OR successful completion of appropriate tutorials on http://www.lynda.com/ or similar websites
  5. One of PHL 227, 228, 229 or any other ethics course approved by the department
  6. At least one course in COM or NMS or any other communication course approved by the department (students may take any 2- or 4-credit course in either COM or NMS)
Courses
  • BUS
    121
    .
    Business Foundations
    4
    General survey course that introduces the students to the various business disciplines. Students will briefly investigate the disciplines of accounting, finance, international business, law, management and marketing and how all of these disciplines are interrelated. The areas of business ethics and social responsibility will also be examined.
  • BUS
    150
    .
    Entrepreneurs in Action I
    1
    Preparation to present strategic business cases and planning initiatives at regional and national competitions focused on entrepreneurship and the free enterprise system. Only four credits in total of BUS-150, 151 and BUS-350 count toward the Business Administration major.
  • BUS
    151
    .
    Entrepreneurs in Action II
    1
    Preparation to present strategic business cases and planning initiatives at regional and national competitions focused on entrepreneurship and the free enterprise system. Only four credits in total of BUS-150, 151 and BUS-350 count toward the Business Administration major. Permission is required for this course.
  • BUS
    *
    221
    .
    Financial Accounting
    4
    BUS-121 or 131 or taken concurrently, MTH-101 or equivalent;
    General survey course that introduces the study and application of the basic concepts and methods used in developing and reporting financial information about an economic entity. Emphasis on developing the ability to interpret and apply accounting information to the decision-making process.
  • BUS
    *
    222
    .
    Managerial Accounting & Decision Making
    4
    BUS-221
    Study of accounting in the manufacturing and service sector, cost allocation and analysis, development of cash flow statements and analysis of financial statements. Emphasis on how cost and managerial accounting concepts and methods apply to the decision-making process. Students cannot earn credit for both BUS-222 and BUS-222A-E.
  • BUS
    *
    222A
    .
    Managerial. Accounting & Decision Making
    2
    BUS-221
    First seven week module of managerial accounting topics, focusing on financial statement analysis, definition of managerial accounting, Cost-Volume-Profit, incremental analysis and decision making, budgeting models, and basics of capital budgeting. Course objective is to provide analysis skills needed by managers. Students cannot earn credit for both BUS-222 and BUS-222 modular (A-E).
  • BUS
    *
    222B
    .
    Decision Models
    2
    BUS-221 and 222A
    Course uses Cost-Volume-Profit and incremental analysis techniques to allow scenario analysis and sensitivity analysis in business decision cases, as well as preparing budget models for operational and capital budgets. Some basic data analytics included. Typical cases will be special orders, add/drop product line, variable/fixed cost shifts, etc. Students cannot earn credit for both BUS-222 and BUS-222 modular (A-E).
  • BUS
    *
    222C
    .
    Healthcare Accounting
    2
    BUS-221 and 222A
    Current topics in health care accounting and financial management, including revenue cycle and reimbursement, current status of government programs and regulations, cost accounting techniques relevant to health care, non-hospital providers (nursing homes, physician group), etc. Students cannot earn credit for both BUS-222 and BUS-222 modular (A-E). Elective credit for HCA majors with BUS-222 credit with permission of Department Chair.
  • BUS
    *
    225
    .
    Legal Environment of Business
    4
    BUS-121 or Permission
    Introduces legal concepts and critical thinking that are applied in a business context. Includes the study of complex business problems with a legal and ethical focus. Students will build knowledge of the law and legal concepts to help navigate the everyday business world. Topics may include: the court system, litigation process, negligence and strict liability, employment law and discrimination, contracts, real and personal property law, torts, product liability, consumer law and criminal law impacting business.
  • BUS
    *
    309
    .
    Finance
    4
    BUS-222, ECN-201, ECN-202, MTH-116
    Introduction to the principles of managerial financial policies, leading to maximizing the value of a firm. Major emphasis on financial decisions facing a firm, management of current assets, capital budgeting, cash flow management, optimal capital structure, time value of money and financial/ratio analysis.
  • BUS
    *
    321
    .
    Intermediate Accounting I
    4
    BUS-222
    In-depth study of theoretical framework, concepts and methods relating to financial accounting, with special attention given to asset measurement and income determination. Emphasis on developing analytical and problem-solving skills.
  • BUS
    *
    322
    .
    Intermediate Accounting II
    4
    BUS-321
    Thorough and balanced study of theory, concepts, methods and applications relating to financial accounting with special attention to debt and owner equity measurement and disclosure. Emphasis on earnings per share calculation and accounting for leases and pensions.
  • BUS
    *
    323
    .
    Contemporary Management
    4
    BUS-222 and ECN-202; one from MTH-113, 116, 121, 341 or PSY-220 or Permission
    Exploration of the four primary functions of management: planning, organizing, leading and controlling. Emphasis on understanding functions and roles that managers play within organizational structures and society stakeholders. Students will engage in numerous contemporary experiential learning and project applications. Developing managerial problem-solving, business professionalism, teamwork, and communication skills are a cornerstone of this course.
  • BUS
    *
    331
    .
    Cost Accounting
    4
    BUS-222
    For service and manufacturing sectors, study of cost accounting systems and cost information including objectives, data accumulation, presentation and communication. Emphasis on cash flow, cost behavior and allocation, management planning and control, breakeven analysis and variance analysis useful in decision making.
  • BUS
    *
    333
    .
    Marketing and Society
    4
    BUS-222; ECN-201 or 202; one of MTH-113, 116, 121, 341, PSY-220 or Permission
    General survey course acquainting students with the business and economic principles underlying the transfer of goods and services from producer to consumers. Investigation of the institutions, systems of distribution, and the functions and policies of the marketing discipline.
  • BUS
    *
    340
    .
    Applications and Cases in Finance
    4
    BUS-121, 221, 222, 309, 323 and 333
    A study of finance principles and theories as applied to complex corporate problems through the use of company analysis and other hands-on applications.
  • BUS
    *
    341
    .
    Applications & Cases in Management
    4
    BUS-121, 221, 222, 225, 309, 323 and 333
    Apply management concepts to real life cases and situations. Examine complex management problems in the business world. Learn critical thinking, problem solving and conceptual thinking through the use of role play, simulations, projects, and case applications. This is a synergistic class and content from core classes will be utilized in this experiential learning environment.
  • BUS
    *
    342
    .
    Applications and Cases in Marketing
    4
    BUS-121, 221, 222, 309, 323 and 333
    A study of marketing principles and theories as applied to complex corporate problems through the use of company analysis and other hands-on applications.
  • BUS
    *
    350
    .
    Entrepreneurs in Action III
    2
    Preparation to present strategic business cases and planning initiatives at regional and national competitions focused on entrepreneurship and the free enterprise system. Only four credits in total of BUS-150, 151 and BUS-350 count toward the Business Administration major. Permission is required for this course.
  • BUS
    *
    385
    .
    Business Administration Practicum
    4
    Complete the following courses with a minimum grade of C: BUS-121, 221, 225, 309, 323, 333 and 4 credits from BUS-222, 222A, 222B, 222C, 222D or 222E
    Only four credits will count in the major. Requires permission. Student must also successfully complete the appropriate internship workshops that are sponsored by the Center for Student Opportunity (CSO).
  • BUS
    *
    425
    .
    Federal Individual Income Tax
    4
    BUS-222
    This course covers the federal income tax laws and regulations impacting individuals. Topics covered include: personal and dependency exemptions, gross income, deductions, losses, tax credits property transactions and federal gifts taxes. Students gain analytical and problem-solving skills for dealing with individual income tax issues.
  • BUS
    *
    440
    .
    Global Strategic Management
    4
    BUS-121, 221, 222, 225, 309, 323, 333
    Coverage of all aspects of strategy with a focus on industry and corporate analysis, especially in the global environment. Emphasis on individual written and group oral presentations of case analyses. Students apply the concepts learned to actual business situations. The capstone course for Business Administration and International Business Administration majors.
  • BUS
    *
    442
    .
    Accounting Information Systems
    4
    BUS-322 and Senior Standing
    Study of accounting information systems, including systems analysis, design and implementation. Emphasis on design and documentation tools and internal controls. Focuses on the needs and responsibilities of accountants as end users of systems, system designers and auditors.
  • BUS
    *
    499
    .
    Business Admin. Independent Study
    1-4
    Requires instructor permission.
  • BUS
    *
    500
    .
    Senior Thesis
    4
    Requires instructor permission. Student must have attained senior standing and a GPA of 3.5 or better that is calculated on all BUS courses taken.
  • ECN
    201
    .
    Principles of Macroeconomics
    4
    Introductory survey of macroeconomic theory and national policy. Supply and demand analysis and solutions to basic economic problem of scarcity in the American economy. Examines relationship between national income and its determinants with emphasis on role of fiscal and monetary policies in stabilizing national economic performance.
  • ECN
    202
    .
    Principles of Microeconomics
    4
    Introductory survey of microeconomic theory. Principles of consumer demand; production, exchange and distribution in capitalist economies; labor and resource markets; international trade and exchange rate theory and policy.
  • MTH
    113
    .
    Brief Calculus
    4
    MTH-112 or Placement
    Introduction to differential and integral calculus. Focuses on applications; theory held to a minimum. Examples from business and the natural and social sciences. Background in trigonometry not needed.
  • MTH
    116
    .
    Elementary Statistics
    4
    MTH-101 or Placement
    Introduction to modern elementary statistics and applications. Focuses on statistical reasoning and data analysis. Includes statistical design of experiments, estimation, hypothesis testing, regression, correlation and other selected topics.
  • MTH
    121
    .
    Calculus I
    4
    MTH-112 with “C” or better or 4 years of high school math
    Introduction to the calculus of one variable. Includes limits and continuity, the derivative and applications, the integral and applications, infinite series and sequences.
  • MTH
    *
    341
    .
    Probability & Statistics I
    4
    MTH-210
    Introduction to mathematical theory of probability and statistical inference. Includes data analysis and presentation, discrete and continuous probability models, random variables, mathematical expectation, generating functions, estimation, hypothesis testing, sampling distributions, regression, correlation, time series and other selected topics.
  • PSY
    *
    220
    .
    Statistics
    4
    PSY-121 or Permission
    Introduction to descriptive and inferential statistics, and factorial analysis of variance. Appropriate for both life and social sciences.
  • PHL
    227
    .
    Ethics and Business
    4
    Exploration of the nature of moral values, moral judgments and ethical decisions. Analysis of selected issues in modern business. Test cases used for practice in decision making. Especially pertinent for those planning business careers but designed for all interested students.
  • PHL
    228
    .
    Ethics and Law
    4
    Exploration of conceptual and ethical issues in the making and administration of law. Introduction to ethical theory. Study of such topics as criminals’ rights, justification of punishment, death penalty, nature of legal responsibility, extent of justifiable government interference with freedom and relation between law and morality. Especially pertinent for Pre-Law students, but designed for all interested students.
  • PHL
    229
    .
    Ethics and Medicine
    4
    Exploration of nature of moral values, moral judgments and ethical decisions. Analysis of selected issues in medicine and other health fields. Test cases used for practice in decision-making. Especially pertinent for those planning careers in health professions, but designed for all interested students.

Fast Track to the CPA Exam (Professional Accounting Major)

Sixty-eight credits, which must include the Core Courses (36 credits) and 32 additional credits, including BUS 321, 322, 325, 326 (in place of 225), 331, 422, 425, 426 and 429. As part of their cognates, students must also take ECN 201 and MTH 116.

Core Courses: BUS 121, 221, 222 (standard 4-credit course or 222 Modular which includes 222A and one from 222B, 222C, 222D, or 222E), 225, 309, 323, 333, 440 and 4 credits from the following: BUS 340, 341, 342 or 442; BUS 150, 151 and/or 350; BUS 385/386; BUS 299/399/499; BUS 500.

Cognate courses required for all Business Majors and Minors:

  1. ECN 201
  2. Four credits of Data/Business Analytics
  3. MTH 116
  4. Business Application Software (2 credits) OR successful completion of appropriate tutorials on http://www.lynda.com/ or similar websites
  5. One of PHL 227, 228, 229 or any other ethics course approved by the department
  6. At least one course in COM or NMS or any other communication course approved by the department (students may take any 2- or 4-credit course in either COM or NMS)
Courses
  • BUS
    121
    .
    Business Foundations
    4
    General survey course that introduces the students to the various business disciplines. Students will briefly investigate the disciplines of accounting, finance, international business, law, management and marketing and how all of these disciplines are interrelated. The areas of business ethics and social responsibility will also be examined.
  • BUS
    150
    .
    Entrepreneurs in Action I
    1
    Preparation to present strategic business cases and planning initiatives at regional and national competitions focused on entrepreneurship and the free enterprise system. Only four credits in total of BUS-150, 151 and BUS-350 count toward the Business Administration major.
  • BUS
    151
    .
    Entrepreneurs in Action II
    1
    Preparation to present strategic business cases and planning initiatives at regional and national competitions focused on entrepreneurship and the free enterprise system. Only four credits in total of BUS-150, 151 and BUS-350 count toward the Business Administration major. Permission is required for this course.
  • BUS
    *
    221
    .
    Financial Accounting
    4
    BUS-121 or 131 or taken concurrently, MTH-101 or equivalent;
    General survey course that introduces the study and application of the basic concepts and methods used in developing and reporting financial information about an economic entity. Emphasis on developing the ability to interpret and apply accounting information to the decision-making process.
  • BUS
    *
    222
    .
    Managerial Accounting & Decision Making
    4
    BUS-221
    Study of accounting in the manufacturing and service sector, cost allocation and analysis, development of cash flow statements and analysis of financial statements. Emphasis on how cost and managerial accounting concepts and methods apply to the decision-making process. Students cannot earn credit for both BUS-222 and BUS-222A-E.
  • BUS
    *
    222A
    .
    Managerial. Accounting & Decision Making
    2
    BUS-221
    First seven week module of managerial accounting topics, focusing on financial statement analysis, definition of managerial accounting, Cost-Volume-Profit, incremental analysis and decision making, budgeting models, and basics of capital budgeting. Course objective is to provide analysis skills needed by managers. Students cannot earn credit for both BUS-222 and BUS-222 modular (A-E).
  • BUS
    *
    222B
    .
    Decision Models
    2
    BUS-221 and 222A
    Course uses Cost-Volume-Profit and incremental analysis techniques to allow scenario analysis and sensitivity analysis in business decision cases, as well as preparing budget models for operational and capital budgets. Some basic data analytics included. Typical cases will be special orders, add/drop product line, variable/fixed cost shifts, etc. Students cannot earn credit for both BUS-222 and BUS-222 modular (A-E).
  • BUS
    *
    222C
    .
    Healthcare Accounting
    2
    BUS-221 and 222A
    Current topics in health care accounting and financial management, including revenue cycle and reimbursement, current status of government programs and regulations, cost accounting techniques relevant to health care, non-hospital providers (nursing homes, physician group), etc. Students cannot earn credit for both BUS-222 and BUS-222 modular (A-E). Elective credit for HCA majors with BUS-222 credit with permission of Department Chair.
  • BUS
    *
    309
    .
    Finance
    4
    BUS-222, ECN-201, ECN-202, MTH-116
    Introduction to the principles of managerial financial policies, leading to maximizing the value of a firm. Major emphasis on financial decisions facing a firm, management of current assets, capital budgeting, cash flow management, optimal capital structure, time value of money and financial/ratio analysis.
  • BUS
    *
    321
    .
    Intermediate Accounting I
    4
    BUS-222
    In-depth study of theoretical framework, concepts and methods relating to financial accounting, with special attention given to asset measurement and income determination. Emphasis on developing analytical and problem-solving skills.
  • BUS
    *
    322
    .
    Intermediate Accounting II
    4
    BUS-321
    Thorough and balanced study of theory, concepts, methods and applications relating to financial accounting with special attention to debt and owner equity measurement and disclosure. Emphasis on earnings per share calculation and accounting for leases and pensions.
  • BUS
    *
    323
    .
    Contemporary Management
    4
    BUS-222 and ECN-202; one from MTH-113, 116, 121, 341 or PSY-220 or Permission
    Exploration of the four primary functions of management: planning, organizing, leading and controlling. Emphasis on understanding functions and roles that managers play within organizational structures and society stakeholders. Students will engage in numerous contemporary experiential learning and project applications. Developing managerial problem-solving, business professionalism, teamwork, and communication skills are a cornerstone of this course.
  • BUS
    *
    325
    .
    Business Law I
    4
    Explores legal topics such as courts, litigation, and alternative dispute resolution, contract formation, defenses to contract enforceability, third party rights and discharge, breach and remedies, sales and commercial transactions, negotiable instruments, personal property, bailments, and liability of accountants and other professionals. This class is designed to prepare future accountants, attorneys, finance, health care and other professionals for navigating legal issues in their field. Requires Junior standing to register.
  • BUS
    *
    326
    .
    Business Law II
    4
    Explores the legal environment in which business actually operates. Topics include the law of agency, partnerships, corporations, bankruptcy, and estates and trusts. Requires Junior standing to register.
  • BUS
    *
    331
    .
    Cost Accounting
    4
    BUS-222
    For service and manufacturing sectors, study of cost accounting systems and cost information including objectives, data accumulation, presentation and communication. Emphasis on cash flow, cost behavior and allocation, management planning and control, breakeven analysis and variance analysis useful in decision making.
  • BUS
    *
    333
    .
    Marketing and Society
    4
    BUS-222; ECN-201 or 202; one of MTH-113, 116, 121, 341, PSY-220 or Permission
    General survey course acquainting students with the business and economic principles underlying the transfer of goods and services from producer to consumers. Investigation of the institutions, systems of distribution, and the functions and policies of the marketing discipline.
  • BUS
    *
    340
    .
    Applications and Cases in Finance
    4
    BUS-121, 221, 222, 309, 323 and 333
    A study of finance principles and theories as applied to complex corporate problems through the use of company analysis and other hands-on applications.
  • BUS
    *
    341
    .
    Applications & Cases in Management
    4
    BUS-121, 221, 222, 225, 309, 323 and 333
    Apply management concepts to real life cases and situations. Examine complex management problems in the business world. Learn critical thinking, problem solving and conceptual thinking through the use of role play, simulations, projects, and case applications. This is a synergistic class and content from core classes will be utilized in this experiential learning environment.
  • BUS
    *
    342
    .
    Applications and Cases in Marketing
    4
    BUS-121, 221, 222, 309, 323 and 333
    A study of marketing principles and theories as applied to complex corporate problems through the use of company analysis and other hands-on applications.
  • BUS
    *
    350
    .
    Entrepreneurs in Action III
    2
    Preparation to present strategic business cases and planning initiatives at regional and national competitions focused on entrepreneurship and the free enterprise system. Only four credits in total of BUS-150, 151 and BUS-350 count toward the Business Administration major. Permission is required for this course.
  • BUS
    *
    385
    .
    Business Administration Practicum
    4
    Complete the following courses with a minimum grade of C: BUS-121, 221, 225, 309, 323, 333 and 4 credits from BUS-222, 222A, 222B, 222C, 222D or 222E
    Only four credits will count in the major. Requires permission. Student must also successfully complete the appropriate internship workshops that are sponsored by the Center for Student Opportunity (CSO).
  • BUS
    *
    422
    .
    Advanced Accounting
    4
    BUS-322 and Senior Standing
    Accounting for partnerships, governmental units, not-for-profit organizations, corporate consolidations, foreign currency transactions and translation of foreign financial statements. Requires senior standing to register.
  • BUS
    *
    425
    .
    Federal Individual Income Tax
    4
    BUS-222
    This course covers the federal income tax laws and regulations impacting individuals. Topics covered include: personal and dependency exemptions, gross income, deductions, losses, tax credits property transactions and federal gifts taxes. Students gain analytical and problem-solving skills for dealing with individual income tax issues.
  • BUS
    *
    426
    .
    Federal Business Taxation
    4
    BUS-222
    Explore corporate operating rules, capital structure, distributions, reorganization, partnerships, S-Corporations, exempt entities, tax administration and practice, and multi-state and international transactions. Gain analytical and problem-solving skills for dealing with business tax issues.
  • BUS
    *
    440
    .
    Global Strategic Management
    4
    BUS-121, 221, 222, 225, 309, 323, 333
    Coverage of all aspects of strategy with a focus on industry and corporate analysis, especially in the global environment. Emphasis on individual written and group oral presentations of case analyses. Students apply the concepts learned to actual business situations. The capstone course for Business Administration and International Business Administration majors.
  • BUS
    *
    442
    .
    Accounting Information Systems
    4
    BUS-322 and Senior Standing
    Study of accounting information systems, including systems analysis, design and implementation. Emphasis on design and documentation tools and internal controls. Focuses on the needs and responsibilities of accountants as end users of systems, system designers and auditors.
  • BUS
    *
    449
    .
    Auditing
    4
    BUS-322 and Senior Standing
    Study and evaluation of the nature, objectives, scope and theory of the audit process as applied to accounting and internal control systems. Emphasis and balance placed on standards, ethics, current developments and legal requirements as well as special topics including statistical sampling and audit of electronic data processing systems.
  • BUS
    *
    499
    .
    Business Admin. Independent Study
    1-4
    Requires instructor permission.
  • BUS
    *
    500
    .
    Senior Thesis
    4
    Requires instructor permission. Student must have attained senior standing and a GPA of 3.5 or better that is calculated on all BUS courses taken.
  • ECN
    201
    .
    Principles of Macroeconomics
    4
    Introductory survey of macroeconomic theory and national policy. Supply and demand analysis and solutions to basic economic problem of scarcity in the American economy. Examines relationship between national income and its determinants with emphasis on role of fiscal and monetary policies in stabilizing national economic performance.
  • MTH
    116
    .
    Elementary Statistics
    4
    MTH-101 or Placement
    Introduction to modern elementary statistics and applications. Focuses on statistical reasoning and data analysis. Includes statistical design of experiments, estimation, hypothesis testing, regression, correlation and other selected topics.
  • PSY
    *
    220
    .
    Statistics
    4
    PSY-121 or Permission
    Introduction to descriptive and inferential statistics, and factorial analysis of variance. Appropriate for both life and social sciences.
  • PHL
    227
    .
    Ethics and Business
    4
    Exploration of the nature of moral values, moral judgments and ethical decisions. Analysis of selected issues in modern business. Test cases used for practice in decision making. Especially pertinent for those planning business careers but designed for all interested students.
  • PHL
    228
    .
    Ethics and Law
    4
    Exploration of conceptual and ethical issues in the making and administration of law. Introduction to ethical theory. Study of such topics as criminals’ rights, justification of punishment, death penalty, nature of legal responsibility, extent of justifiable government interference with freedom and relation between law and morality. Especially pertinent for Pre-Law students, but designed for all interested students.
  • PHL
    229
    .
    Ethics and Medicine
    4
    Exploration of nature of moral values, moral judgments and ethical decisions. Analysis of selected issues in medicine and other health fields. Test cases used for practice in decision-making. Especially pertinent for those planning careers in health professions, but designed for all interested students.