Accounting - 120 Hr.
Chair: Ian J. Redpath, JD, LLM
The Department of Accounting seeks to prepare graduates with the skills that are necessary for success in the profession of accounting. Accounting professionals are expected to be competent in accounting skills, well rounded in the various disciplines of business and possess excellent communication and interpersonal skills. Students completing the accounting program find positions in public accounting, industry, the financial sector, government and nonprofit entities.
The accounting curriculum is registered with the New York State Education Department. To become a licensed CPA, an accounting graduate should also meet the experience requirement of the state of New York. Students desiring to sit for the exam and obtain their CPA license in other states should check with those states for their specific requirements. For a more detailed description of the program, faculty, facilities, academic and co-curricular opportunities please go to Accounting Program webpage.
Note: Please see the Accounting Programs Overview page in this catalog for important information about degree policies and courses.
Becoming a Licensed Certified Public Accountant (C.P.A.)
There are two basic tracks for completing the 120 Hr. Accounting Program: 1) The C.P.A. track and, 2) The Non-C.P.A. track. Students who wish to qualify to take the C.P.A. exam must use their accounting elective courses and a free elective course to take a set of classes that cover important topics related to public accounting (see courses listed on the Curriculum tab for this program). Students who do not wish to take the C.P.A. exam can select other classes when choosing how they will satisfy their accounting and free electives course requirements. In addition to passing the C.P.A. exam, 120 Hr. accounting majors must also meet additional New York State requirements to become licensed. Accounting students in the 120 Hr. Program are strongly encouraged to discuss these two options (CPA Track & Non-CPA Track) and New York State CPA licensing requirements with their adviser.
General Education Requirements
Free electives are courses in addition to the Core Curriculum or Honors Curriculum and major requirements sufficient to reach the minimum of 120 credit hours required for graduation. Students may graduate with more but not less than 120 credit hours.
Course Requirements: In addition to the common liberal arts and business courses, students in this program will take:
|Required courses for all business majors||49-51|
|Additional Major Requirements|
& ACC 302
|Intermediate Accounting I|
and Intermediate Accounting II
|ACC 303||Cost Accounting||3|
|ACC 307||Accounting Information Systems||3|
|ACC 415||Basic Taxation||3|
|LAW 371||Business and Commercial Law||3|
|LAW 372||Business Organizations and Commercial Paper||3|
|ENG 389||Business Communication||3|
Courses Required to Take the CPA Exam
Students in the 120 credit hour Accounting program who wish to be qualified to take the CPA exam must use their Accounting and Free Elective courses to take the following:
|ACC 416||Advanced Taxation||3|
|ACC 421||Advanced Accounting Problems||3|
|ACC 425||Auditing Theory and Practice||3|
120 Hours — BS in Business Administration (Major: Accounting)
|FYS 101||ENG 101|
|MAT 105 (or MAT 109, MAT 111 or MAT 115)||MAT 106 (or Free Elective if MAT 109, MAT 111 or MAT 115 in fall)|
|ECO 101||ECO 102|
|RST 101||PHI 101|
|Business International Requirement I||Business International Requirement II|
|MGT 101||MKT 201|
|ACC 211||ACC 212|
|ECO 255||ECO 256|
|ISB 101||ACC 307|
|Field of Knowledge 4 (History)||Field of Knowledge 3 (Arts)|
|ACC 301||ACC 302|
|ACC 303||ENG 389|
|FIN 201||Arts & Science Elective|
|Field of Knowledge 6 (Natural Science)||Field of Knowledge 2 (Philosophy)|
|Field of Knowledge 1 (Religious Studies)||College Core Capstone|
|ACC 415||Accounting Elective (400 Level)1|
|Accounting Elective (400 Level)1||MGT 325|
|LAW 371||LAW 372|
|Arts & Science Elective||MGT 446|
|Arts & Science Elective||Free Elective1|
Students who wish to be qualified to take the CPA exam must use their ACC Electives and Free Electives to take the following 3 courses:
Learning Goal 1
Students will apply current principles of accounting to the measurement and reporting of accounting information.
Objective A: Construct the financial statements in accordance with generally accepted accounting principles and analyze the strengths and weaknesses of each statement;
Objective B: Evaluate the reporting and valuation of assets and liabilities in accordance with generally accepted accounting principles;
Objective C: Evaluate the various alternatives to the measurement of income and the determination of financial position.
Learning Goal 2
Graduates will know how to compare/contrast alternative business decisions, and evaluate the potential impact of these decisions on future financial performance.
Objective A: Demonstrate a sound understanding of cost behavior and analyze the differences resulting from fixed and variable costs in financial performance;
Objective B: Analyze the differences that result in financial reporting from the company's choice of inventory costing techniques;
Objective C: Apply budgeting techniques in the preparation of static and flexible budgets.
Learning Goal 3
Graduates will know the characteristics of internal control procedures needed in the aggregation of accounting information.
Objective A: Demonstrate an understanding of the purpose of internal controls;
Objective B: Demonstrate an understanding of the principles of controls;
Objective C: Analyze the relationship of technology and controls.
Learning Goal 4
Graduates will know how the external regulatory, legal, and ethical environments impact business decisions and financial reporting requirements.
Objective A: Apply different ethical frameworks in making business decisions;
Objective B: Apply both societal and governmental laws/regulations in making business decisions;
Objective C: Apply Federal Tax Law and regulation in the determination of taxable liability.