Accounting
The program in accounting offers the Bachelor of Science degree in accounting. Majors
receive an excellent foundation for seeking professional certification as a Certified
Public Accountant or Certified Management Accountant. The accounting curriculum
prepares students for careers in public accounting, government, industry, or finance.
The curriculum includes an array of introductory, intermediate, and advanced accounting
topics integrated with courses in business and other supporting fields.
Many Accounting majors use their free electives to complete a second major in Business
Administration, complete professional internships with one of the numerous public
accounting firms or corporations in the area, or study abroad. Working diligently
with the Department faculty serving as their academic advisor, all three of these
enhancements to a typical college experience can be accomplished without delaying
graduation.
Degree Requirements: Bachelor of Science with a major in accounting
Major: Foundation courses -
| Basic concepts of accounting including accounting for business transactions, preparation and use of financial statements, and measurement of owners' equity. An introductory course for non-accounting majors. 3 credits. |
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| Cost-volume-profit relationships, cost analysis, business segment contribution, profit planning and budgeting as a basis for managerial decision making. Prerequisite: ACT 161 with a minimum grade of "C-" or better. 3 credits. |
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| By studying and experiencing the various ways businesses and commercial activities are organized in the global economy, students learn to view each organization as a conscious collection of functional components and strategic partnerships designed to serve the needs of customers and other stakeholders. Examples are chosen to highlight the fundamental concepts in human resources and operations management, leadership, marketing and selling, finance and accounting, operations, human resources, law and ethics, and technology and information management. 3 credits. |
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| An extensive introduction to spreadsheet, database, and Internet applications software as used in business. Through hands-on classroom instruction, computer aided learning, and course project assignments, students learn the use of the major analytical software packages that are commonly used in business. The class teaches the basic principles of using this software to solve problems and enhance critical thinking skills. 3 credits. |
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| This course examines how individuals and firms make choices within the institutions of free- market capitalism. Individuals decide how much of their time to spend working and what to buy with the earnings of their labor. Firms decide how much to produce and in some cases what price to charge for their goods. Together these choices determine what is produced, how it is produced and for whom it is produced in our economic system. 3 credits. |
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| This course extends the study of consumer and producer choices to discover how they affect the nation's economy. Macroeconomics deals with the economy as a whole as measured by the key variable of inflation, unemployment, and economic growth. Emphasis is on both Keynesian and classical theories and how they predict what monetary and fiscal policies can be used to affect these variables and reach national economic goals. Prerequisite: ECN 101. 3 credits. |
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† indicates a required course
One of the following:
| A calculus sequence for department majors and other students desiring a rigorous introduction to elementary calculus. Prerequisite: placement testing or MAS 102. Corequisite; MAS 113. 4 credits. |
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| Introduction to mathematical techniques used in quantitative analysis in business and economics. Topics include sets, linear relations, matrices, linear programming, probability and interest. 3 credits. |
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| A calculus sequence covering functions, limits, differentiation, integration and applications. Prerequisite: placement testing or MAS 102. MAS 161 is a prerequisite for MAS 162. 3 credits per semester. |
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One of the following:
| An introduction to elementary descriptive and inferential statistics with emphasis on conceptual understanding. 3 credits. A student may not receive credit for MAS 170 after completing MAS 372. A student may not receive credit for both MAS 170 and MAS 270. |
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| A more advanced version of MAS 170 intended for students with some calculus background. Similar to MAS 170 with more extensive content. 3 credits. A student may not receive credit for both MAS 170 and MAS 270. |
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| An introduction to the mathematical foundations of statistics including sampling distributions, estimation, hypothesis testing, linear models and multivariate distributions. Prerequisites: MAS 371. 3 credits. |
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Core courses-
| Study of the theory and development of generally accepted accounting principles as they relate to financial reporting; the application of these principles to the preparation of financial stateme nts; special emphasis on revenue recognition as well as valuation, classification and disclosure of current assets. 3 credits. |
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| Study of the accounting for noncurrent assets, long-term liabilities and stockholder's equity, including analysis of financial statements. Prerequisite: ACT 251 with a minimum grade of "C-" or better. 3 credits. |
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| A study of the principles of management and leadership as they apply to the effective and efficient operation of for-profit and not-for-profit organizations regardless of their size. Emphasizes the organization's structure, leadership, interpersonal relationships, managerial functions, and methods for assessment and control. Prerequisite: BUS 130 or permission of the instructor. 3 credits. |
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| The development of writing, speaking and listening skills for business management. Prerequisite: ENG 111 and 112. Writing process. 3 credits. |
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| An overview of marketing from the management perspective. Topics include marketing strategies, marketing research, consumer behavior, selecting target markets, developing, pricing, distributing and promoting products and services and non-profit marketing. Prerequisite: junior or permission. 3 credits. |
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| A study of financial management covering analysis of asset, liability and capital relationships and operations; management of current assets and working capital; capital planning and budgeting; capital structure and dividend policy; short and intermediate term financing; internal and external long term financing; and other financial topics. Prerequisite: ACT 162; ECN 101, 102. 3 credits. |
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| Elementary principles of law relating to the field of business. The course covers contracts, govern- ment regulation of business, consumer protection, bankruptcy, personal property, real estate, bailments, insurance and estates. 3 credits. |
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| Examines data sources and the role of information in management planning, operations and control in various types of business environments. Treats information as a key organization resource parallel to people, money, materials and technology. Prerequisite: ACT 162; BUS 185, or permission. 3 credits. |
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| A capstone course to study administrative processes under conditions of uncertainty, integrating prior studies in management, account- ing and economics. Uses case method and computer simulation. Prerequisite: BUS 185, 340, 361 and senior standing or permission. Writing process. Prerequisite: Last semester seniors only. 3 credits. |
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† indicates a required course
One of the following:
| Analysis and use of techniques for cost management and control; the accumulation and recording of the costs including job-order, process and standard cost systems, the joint and by-product costing; contemporary topics such as activity based costing and just-in-time manufacturing. Prerequisite: ACT 162. 3 credits. |
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| A study of the process of evaluation of internal controls and interpretation of financial informa- tion to permit an auditor to express a professional opinion on financial reports. Prerequisite: ACT 252. 3 credits. |
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two electives in accounting not to include ACT 400 (60 credits)
Minor:
| Basic concepts of accounting including accounting for business transactions, preparation and use of financial statements, and measurement of owners' equity. An introductory course for non-accounting majors. 3 credits. |
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| Cost-volume-profit relationships, cost analysis, business segment contribution, profit planning and budgeting as a basis for managerial decision making. Prerequisite: ACT 161 with a minimum grade of "C-" or better. 3 credits. |
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| Study of the theory and development of generally accepted accounting principles as they relate to financial reporting; the application of these principles to the preparation of financial stateme nts; special emphasis on revenue recognition as well as valuation, classification and disclosure of current assets. 3 credits. |
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| Study of the accounting for noncurrent assets, long-term liabilities and stockholder's equity, including analysis of financial statements. Prerequisite: ACT 251 with a minimum grade of "C-" or better. 3 credits. |
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† indicates a required course
One of the following:
| Analysis and use of techniques for cost management and control; the accumulation and recording of the costs including job-order, process and standard cost systems, the joint and by-product costing; contemporary topics such as activity based costing and just-in-time manufacturing. Prerequisite: ACT 162. 3 credits. |
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| A study of the process of evaluation of internal controls and interpretation of financial informa- tion to permit an auditor to express a professional opinion on financial reports. Prerequisite: ACT 252. 3 credits. |
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six credit hours of accounting electives not to include internship credit (21 credits)