Major Requirements

2022 - 2023 Catalog

Accounting major leading to a BS degree

A major in accounting leading to a Bachelor of Science degree requires at least 45 credits, as follows:

  1. ACCT 100
  2. ACCT 231, 332, and 333
  3. BUS 211; FIN 221; ECON 100
  4. One course chosen from CBSC 250; DCI 202; ECON 202; INTR 202; MATH 118; SOAN 218.
  5. BUS 346 or 348
  6. BUS 217 or 345
  7. ACCT 398; BUS 398, 399
  8. Nine credits from among ACCT 310, 311, 330, 358, 360
  9. At least three additional credits chosen from courses numbered ACCT 256 through ACCT 397 or one of the following: BUS 312, 314, 315, 316, 317, 321; FIN 302, 350, 353, 355, 356, 357, 358, 359

Agreements with several schools allow accounting majors an expedited application process for the Master of Science in Accounting. Please see the department head for more information.

  1. Required course:
    • ACCT 100 - Introduction to Accounting
      Credits3

      An introduction to accounting for both internal and external purposes. Students cover the fundamental principles of financial accounting (external) and an introduction to how companies process financial information in order to disclose it to the public. The course also investigates how managers prepare information for internal purposes (managerial accounting). Financial accounting is guided by external requirements, while managerial accounting generally is not.


  2. Required courses:
    • ACCT 231 - Corporate Financial Reporting
      Credits3
      PrerequisiteACCT 100 and at least sophomore class standing

      An examination of the principles of financial accounting applied to financial statement presentation and the underlying treatment of cash versus accrual accounting, present-value analysis, earnings per share, investments, and equity.


    • ACCT 332 - Intermediate Financial Reporting I
      Credits3
      PrerequisiteACCT 231

      An examination of the principles of financial accounting by gathering evidence through the accounting research process as well as exploring revenue recognition, cash, accounts receivable, inventory, and property, plant, and equipment.


    • ACCT 333 - Intermediate Financial Reporting II
      Credits3
      PrerequisiteACCT 332 and at least junior class standing

      An examination of financial reporting issues that cover operating and long-term liabilities, income taxes, pensions, leases, and cash flows. The course also continues using the Accounting Standards Codification to explore accounting questions.


  3. Additional required courses:
    • BUS 211 - Marketing Management
      Credits3
      PrerequisiteECON 100, 180, or ECON 180A, or both ECON 101 and 102; ACCT 100; and at least junior class standing

      An exploration of strategic marketing. The focus of the course is on the analysis of a firm's current marketing strengths and weaknesses and the development of a strategic plan to capitalize on key opportunities. Topics include environmental analysis, market segmentation, targeting and positioning, and management of the marketing mix. Throughout the course, significant attention is devoted to international issues, the interrelationships between marketing and other disciplines, and the role of ethically and socially responsible marketing.


    • ECON 100 - Introduction to Economics
      FDRSS1 Social Science - Group 1 Distribution
      Credits3

      Economics is the study of how a society (individuals, firms, and governments) allocates scarce resources. The course includes a survey of the fundamental principles used to approach microeconomic questions of consumer behavior, firm behavior, market outcomes, market structure, and microeconomic policy, and macroeconomic questions of performance of the aggregate economy, including unemployment, inflation, growth, and monetary and fiscal policies.


    • FIN 221 - Managerial Finance
      Credits3
      PrerequisiteACCT 100, ECON 100, 180, or 180A, and one course from BIOL 201, BUS 202, CBSC 250, ECON 202, INTR 202, MATH 118, or SOAN 218

      A study of finance from a managerial perspective emphasizing the primary goal of the firm as stockholder wealth maximization. Emphasis is on decisions relating to the acquisition of assets and funds and internal management-financial analysis, planning and control, working capital management, capital budgeting, sources and forms of long-term financing, financial structure and the cost of capital, and valuation.


  4. One course chosen from:
    • CBSC 250 - Statistics and Research Design
      Credits4
      Prerequisiteany CBSC course and at least sophomore class standing

      Students learn about the design and analysis of psychological research, with particular emphasis on experimentation. Students learn statistical inference appropriate for hypothesis testing, and they use standard statistical packages to analyze data.


    • DCI 202 - Introduction to Data Science
      FDRFM Math and Computer Science Foundation
      Credits3

      Foundation in introductory statistics and data science which enables students to understand and participate in introductory data-science projects. The course starts with an introduction to the concepts of data science and its use in today's society. Students are exposed to a survey of the basics of statistics and probability theory; tackle the basics of regression analysis, learn a multitude of data manipulation and visualization techniques; and are introduced to programming in R.


    • ECON 202 - Statistics for Economics
      Credits3
      PrerequisiteMATH 101

      Fundamentals of probability, statistics, estimation, and hypothesis testing and ending with an introduction to regression analysis. The topics are critical for success in upper-level economics electives and are important for careers that rely on empirical research in the social sciences. Students engage in a dialogue between theory and application and learn to think formally about data, uncertainty, and random processes, while learning hands-on methods to organize and analyze real data using modern statistical software.


    • INTR 202 - Applied Statistics
      Credits3

      An examination of the principal applications of statistics in accounting, business, economics, and politics. Topics include descriptive statistics, probability, estimation, hypothesis testing, and regression analysis.


    • MATH 118 - Introduction to Statistics
      FDRFM Math and Computer Science Foundation
      Credits3

      Elementary probability and counting. Mean and variance of discrete and continuous random variables. Central Limit Theorem. Confidence intervals and hypothesis tests concerning parameters of one or two normal populations.


    • SOAN 218 - Basic Statistics in the Social Sciences
      Credits3

      Introductory statistics course designed to help students become good consumers of statistics, but especially geared for students interested in sociology, archeology, and anthropology. Topics include descriptive and inferential statistics, sampling, and regression analysis. Students also get practical experience with cleaning and analyzing real world secondary data.


  5. Take one of the following courses:
    • BUS 348 - Foundations in Business Law
      Credits3
      Prerequisiteat least junior class standing

      An introduction to the law governing the relations between individuals and businesses in commerce, with a focus on exploring issues faced by both established businesses as well as innovation-driven startups. Topics are selected from the law governing business torts, contracts, products liability, intellectual property, employment law, and government regulation of business. Additional selected topics may be chosen in accordance with the interest of course participants. Assignments apply legal theories and legal ethics to actual business disputes and hypothetical situations.


  6. Take one of the following courses:
    • BUS 217 - Management and Organizational Behavior
      Credits3
      Prerequisiteat least junior class standing

      A study of management in modern organizations. This course examines the factors which influence individual, group, and firm behavior in the context of the workplace. Topics covered include individual differences, motivation, leadership, business ethics, group behavior, decision making, and organizational design and change.


    • BUS 345 - Business Ethics
      Credits3
      Prerequisiteat least junior class standing

      An examination of the moral and ethical issues associated with management policy and executive decisions. The course examines the basic approaches to moral reasoning, macro-moral issues concerning the justice of economic systems, and micro-moral issues, such as the following: conflict of interest, whistle blowing, discrimination in employment, product safety, environment, and advertising.


  7. Take one of the following courses:
    • ACCT 398 - Business Analysis and Valuation Using Financial Statements
      Credits3
      PrerequisiteACCT 333 (may be simultaneously taken with course prerequisite override) and senior class standing

      A capstone course designed to expose students to a comprehensive framework that integrates strategy, financial reporting, financial analysis, and business valuation. Students apply concepts from relevant disciplines (e.g., accounting, finance, economics, and business) to develop and justify valuations of entities, assets, and securities. Problem-solving and financial modelling skills are emphasized. Case studies and simulations are used extensively. 


    • BUS 398 - Strategic Management
      Credits3
      PrerequisiteBUS 211, BUS 221, and senior class standing

      A capstone course designed to expose students to a strategic perspective on global issues that impact the firm. Integrative in that it draws on concepts from functional disciplines (e.g., finance, marketing, accounting) in the diagnosis, analysis, and resolution of complex business situations. Practical problem-solving skills are emphasized. Case analysis and/or computer simulation are used extensively in oral presentations and written cases.


    • BUS 399 - Entrepreneurship
      Credits3
      PrerequisiteBUS 211, BUS 221, and senior class standing

      A capstone course designed to expose students to a strategic perspective on business challenges in the context of entrepreneurial firms. Integrating concepts and analytical tools from functional disciplines (e.g., finance, marketing, accounting) in the diagnosis, analysis, and resolution of complex business situations, this seminar helps students develop the knowledge, skills, and abilities necessary to excel in either new ventures or in today's increasingly entrepreneurial corporate environments. Among other activities, students learn from case studies, class discussions, and working together to develop and present a business plan.


  8. Take nine credits from among:
    • ACCT 310 - Accounting Information Systems
      Credits3
      PrerequisiteACCT 231 and at least junior class standing

      An introduction to the information systems used in accounting, including the flow of data from source documents through the accounting cycle into reports for decision makers; the principle of internal control; flowcharting and systems narratives; and use of computers and database systems in accounting information. Students have hands-on experience implementing and using accounting information systems.


    • ACCT 311 - Financial Statement Analysis
      Credits3
      PrerequisiteACCT 231 and at least junior class standing

      Students work to prepare an industry and a company analysis. Through presentations, written analyses and extensive work using computer spreadsheets and databases, students learn to analyze and interpret financial statements of publicly traded companies.


    • ACCT 330 - Strategic Cost Management and Analysis
      Credits3
      PrerequisiteACCT 100

      This course focuses on the use of cost information in planning and control decisions. Topics include budgeting, performance evaluation, and alternative ways to measure costs to meet different management objectives.


    • ACCT 358 - Individual Income Taxation & Financial Planning
      Credits3
      PrerequisiteACCT 100 and at least junior class standing

      This course focuses on the tax and non-tax factors to consider when managing personal/family financial affairs. Topics include tax-subsidized savings and investment vehicles, deductions, and credits for individuals and families, executive compensation and fringe benefits, real estate ownership, and intergenerational giving.


    • ACCT 360 - Auditing
      Credits3
      PrerequisiteACCT 332 and at least junior class standing

      This course examines auditing and its role in a market economy. Course content focuses on the market for audit services, audit planning, evidence gathering, and reporting.


  9. At least three additional credits chosen from:
  10. courses numbered ACCT 256 through ACCT 397 or one of the following: BUS 312, 314, 315, 316, 317, 321, 321; FIN 302, 350, 353, 355, 356, 357, 358, 359