Accounting and Finance
Accounting and Finance
Chair: Mary Jepperson
Faculty: Robert Bell, Warren Bostrom, David Horn, Wei Huang, Mary Jepperson, Janean Kleist, Michelle Li-Kuehne, Kelly Prestby, Tonya Schmidt, Benjamin Trnka, Steven Welch, David Zoeller
The accounting and finance department offers a curriculum designed to meet the needs of various student interests. The major provides the student the opportunity to develop a solid conceptual foundation as well as the skills required for positions in public accounting, private and governmental accounting and finance. In addition, it allows students to prepare for graduate programs in such areas as business, finance and law.
The disciplines of accounting and finance require that students develop an ability to think analytically and to organize and categorize a mass of data. It further requires the student to develop an ability to synthesize the information and present it in a summarized fashion understandable to others. Citizens in a highly developed economic society must understand economic descriptions of its complex organizations and financial instruments. As accountants or finance professionals, our graduates will be expected to present and interpret financial information, both in writing and orally, to others in organizations and to the public.
Students majoring in accounting have a choice of three concentrations:
- Traditional accounting program
The traditional accounting concentration provides a broader, more general view of accounting. This concentration is ideal for students interested in understanding the language of business, but who are planning to explore entrepreneurial opportunities, are looking for a career in a business' accounting department, or have planned a different route to prepare them for the CPA examination.
This concentration, particularly with its strong accounting core, prepares students who wish to pursue careers in a variety of finance-related positions or who plan to attend graduate school. This concentration is designed for students with a strong interest in learning about corporate finance, international finance, investments in the stock market, securities analysis, derivatives and similar topics.
- Public accounting
Students in this concentration take classes in all the major accounting and business disciplines, which prepare them for success in passing the different sections of the CPA exam, as well as assist them in choosing a career path within the accounting industry. Virtually all states' rules require applicants for a license as a CPA to have accumulated 150 higher education credit hours, as recommended by the AICPA. These hours must include 24 upper division accounting course credits and 24 credit hours of business-related or certain other accounting courses. Students should also be aware that many employers of CPAs require their job applicants to have accumulated 150 credit hours prior to beginning their employment.
Major (60 to 74 credits, based on concentration)
Required Courses for each accounting concentration:
111, 112, 210, 325, 335. Required supporting courses include MATH 124, and ECON 111.
Required Additional Courses for Traditional Accounting Program:
326, 331, 332, 338, 340, 355, and 396; one course from 310, GBUS 201, or a 300-level ECON elective; and Math 118 (or 119 or 122.)
Required Additional Courses for Finance Concentration:
310, 315, 320, 333 and 395; MATH 118 or 119; GBUS 201; and 12 credits from the following courses, of which four credits must come from 360, 361 or 362 and four credits must come from ECON: 326, 329, 332, 360, 361 or 362, or ECON 314, 316, 317, 318, 320, 323, or 332 or POLS 334, 353 or 355.
Required Additional Courses for Public Accounting Concentration:
310, 326, 331, 332, 333, 338, 340, 355, and 396; GBUS 201; Math 118 (or 119 or 122); and six credits from 315, 320, 330, 337, 353 or a 300-level ECON elective.
A passing score on the computer literacy test is required for application to the major in the spring of students' sophomore year. A passing score on the Senior Exit Exam is required for Accounting Graduates in each concentration.
Students wanting to minor in economics should take MATH 118 or 119.
Minor (20 credits)
111, 112, 325, and 2 additional accounting courses from the following: 326, 331, 332 and 340.