Dr. Mary Kirchner, Coordinator
Accounting
is one of the fastest growing professions in the United
States and is expected to continue to provide a wide variety
of employment opportunities for many years to come. Accounting
offers a variety of career choices, the potential to advance
to the highest levels of upper management, attractive compensation
levels, a chance to make a difference, and the opportunity
to meet and work with people.
The five (5) year Professional
Accounting major is intended to allow our students
to have the education required in all American jurisdictions
to sit for the Certified Public Accountant exam, and to
become a Certified Public Accountant. Our four (4) year
Accounting major allows
our students to sit for the Certified Public Accountant
exam in North Carolina, as well as in many other states.
Requirements for
the major in Accounting: In addition to the foundation
core and the professional core courses required of all majors
in the Reeves School of Business, the following courses
are required for a degree in accounting with a C or better
in all accounting courses:
Required Courses: ACC
254, ACC 341, ACC 342, ACC 345, ACC 385, ACC 386, ACC
490
Plus 6 s.h. of accounting
electives and a (3 s.h.) elective from BUS 353 or
BUS 375. (Note: For those planning to take the Certified
Public Accountant exam, ACC 463 and ACC 481 are recommended.
An elective course for any Reeves School of Business major
may only be used to meet the requirements of one major.
A required class in any Reeves School of Business major
may not be used as an elective for another Reeves School
of Business major.)
Requirements for the major in
Professional Accounting: In addition to the foundation
core courses and the professional core courses required
of all majors in the Reeves School of Business, the following
courses are required for a degree in professional accounting
with a C or better in all accounting courses:
Required Courses: BUS
353, BUS 412, ACC 254, ACC 341, ACC 342, ACC 345, ACC
346, ACC 385, ACC 386, ACC 431, ACC 463, ACC 481, ACC
490, ACC 491, and PHI 320
Plus 6 s. h. of business school
electives with BUS 375, BUS 450, or ECO 311 recommended;
(3 s.h.) of accounting electives
with ACC 462 recommended; 6
s.h. of electives outside of Reeves School of Business
courses with PSC 351, PSC 440 or PSC 451 recommended.
Accounting and business courses taken
in the Professional Accounting Major cannot be counted
toward another major.
Requirements for the minor in
Accounting: ACC 251, ACC 253, ACC 254, ACC 341, and
ACC 342 and 6 s.h. of accounting electives.
Requirements for the A.A. Concentration:
ACC 251, ACC 253, ACC 254, ACC 341, and ACC 342 and
6 s.h. of accounting electives.
Writing-Enrichment Courses:
ACC 490, BUS 352
Computer Intensive Courses: ACC
254, BUS 225
Ethics Course: ACC 490
Concentrations Available:
ACCOUNTING COURSES
ACC 251 PRINCIPLES
OF FINANCIAL ACCOUNTING (3 s.h.)
Fundamentals of financial accounting, with an emphasis on
understanding the use of the accounting information system
and analyzing and interpreting financial accounting information.
Required of all accounting, business and marketing majors
and is usually taken in the sophomore year. Prerequisites:
completion of 12 s.h. The course is offered every fall and
spring semester.
ACC 253 PRINCIPLES OF MANAGERIAL
ACCOUNTING (3 s.h.)
Completion of fundamentals of financial accounting, with
an emphasis on analysis and interpretation of business operations,
and an introduction to managerial accounting. Required of
all accounting, business, and marketing majors and is usually
taken in the sophomore year. Prerequisites: ACC 251, MAT
105 or higher, or permission of the instructor. The course
is offered every fall and spring semester.
ACC 254 PRINCIPLES OF ACCOUNTING
LABORATORY (1 s.h.)
Traditional accounting for accounting majors, including
the accounting cycle, journalizing and posting to ledgers,
and end of the period adjustments. This course is required
of all accounting majors and is usually taken in the sophomore
year. Prerequisite: ACC 251, or permission of the instructor.
The course is offered every fall and spring semester. This
is a computer intensive course.
ACC 341 INTERMEDIATE ACCOUNTING
I (3 s.h.)
A study of financial accounting functions and theory, including
recognition and measurement of assets and liabilities. Prerequisite:
ACC 251; co-requisite: ACC 254; or permission of the instructor.
This course is offered every fall semester.
ACC 342 INTERMEDIATE ACCOUNTING
II (3 s.h.)
Accounting for long-term liabilities and investments; stockholders’
equity and earnings per share calculations; issues relating
to income measurement; and the preparation and analysis
of financial statements. Prerequisite: ACC 341 or permission
of the instructor. This course is offered every spring semester.
ACC 345 COST ACCOUNTING I (3
s.h.)
Introductory cost accounting course which emphasizes cost
behavior, budgeting, cost management in a manufacturing
environment, using costing systems in strategic decision
making, and profit planning. Prerequisites: ACC 253 and
MAT 105 or higher; or permission of the instructor. This
course is offered every fall semester.
ACC 346 COST ACCOUNTING II (3
s.h.)
A study of cost allocations, analysis of variances, and
making decisions using cost information decisions. Current
topics in cost accounting will also be studied. Prerequisites:
ACC 345 and ECO 216; co-requisite: ACC 254; or permission
of the instructor. This course is offered as needed.
ACC 385 FEDERAL INCOME TAXATION
I (3 s.h.)
Federal income tax law with emphasis on the individual.
Filing status, gross income, exclusions, deductions, adjusted
gross income, and tax credits are analyzed. Property transactions
and special tax treatment for businesses is also studied.
Prerequisite: ACC 251, or permission of the instructor.
This course is offered every fall semester.
ACC 386 FEDERAL INCOME TAXATION
II (3 s.h.)
Federal income tax law with emphasis on the taxation of
businesses and the tax consequences of business decisions.
The course will study partnership, corporation, Subchapter
S, taxation of non-profits and fiduciary returns. Prerequisite:
ACC 385, or permission of the instructor. This course is
offered every spring semester.
ACC 416 ACCOUNTING INTERNSHIP
(3 s.h.)
Experiential learning acquired through placement with local
organizations in either public or private sectors. The student
is assigned duties and responsibilities approved by the
Director of Internships and supervised and evaluated by
the University instructor and on-site trainer. Weekly class
contact, journal or written reports are required. Classroom
instruction includes resume/letter writing, interviewing
techniques, and oral presentations. Prerequisites: all required
200 level courses in accounting, business and economics,
junior or senior status, and a minimum G.P.A. of 2.5 in
the major; or permission of the instructor. This course
is offered as needed. See BUS 345 and 416.
ACC 431 ACCOUNTING INFORMATION
SYSTEMS (3 s.h.)
Accounting within a computerized environment and integrating
information systems concepts into the basic accounting processes.
Prerequisite: ACC 253, co-requisites: ACC 254 and BUS 225,
or permission of the instructor. This course is offered
as needed. This is a computer intensive course.
ACC 462 INTERNATIONAL ACCOUNTING
(3 s.h.)
Students will gain an understanding of how accounting is
practiced in various countries and regions of the world,
and how these accounting practices affect the production
of financial statements. Prerequisites: ACC 253; co-requisites:
ACC 254 and ACC 341; or permission of the instructor. This
course is offered as needed.
ACC 463 FUND ACCOUNTING (3 s.h.)
Accounting for non-profit entities with emphasis on governmental
units, colleges/universities, and hospitals. Prerequisite:
ACC 253; co-requisite: ACC 254; or permission of the instructor.
This course is offered as needed.
ACC 481 ADVANCED ACCOUNTING (3
s.h.)
Accounting for stock investments under the equity method,
business combinations and consolidations, and consolidated
earnings per share. Co-requisite: ACC 342, or permission
of the instructor. This course is offered as needed.
ACC 485 SPECIAL TOPICS IN ACCOUNTING
(3 s.h.)
Studies in specialized, upper-level applications of accounting
theory and practice. Prerequisite: ACC 342, or permission
of the instructor. This course is offered as needed.
ACC 490 AUDITING (3 s.h.)
Auditing theory and practice, standards and procedures,
rules of professional conduct, and related materials of
professional importance. Prerequisite: ACC 342, or permission
of the instructor. This course is offered every fall semester.
This is a writing enrichment course.
ACC 491 ADVANCED AUDITING (3
s.h.)
The application of the auditing process to cycles within
the accounting system, including auditing within the EDP
environment. A study of operational and compliance auditing,
including their relationship to internal controls. Prerequisite:
ACC 490, or permission of the instructor. This course is
offered as needed.
ACC 499 INDEPENDENT STUDY IN
ACCOUNTING (TBA)
An opportunity for a well-qualified, upper-division student
to engage in special research in his/her major. Requires
approval by the faculty advisor, the supervising professor,
the department chair, and the school dean before approval
by the Vice President for Academic Affairs. Prerequisite:
ACC 342, or permission of the instructor. Credit to be determined.
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