Department of Accounting
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Accounting Majors Course Sequencing
- For the completion of an undergraduate degree, only one accounting elective is required. However, the Ohio requirements to sit for the uniform CPA exam require 24 hours of upper division accounting. Taking two of the elective courses could fulfill this requirement.
No junior-level accounting courses may be attempted until a student is admitted to the upper division and the Accounting major by the College of Business and Innovation Accounting Department.
Required Courses: 19 hours
ACCT 3110 External Financial Reporting I (4 hrs)
ACCT 3120 External Financial Reporting II (formerly ACCT 4120)
ACCT 3210 Individual Taxation
ACCT 3310 Accounting Information Systems and Controls
ACCT 3320 Internal Reporting (formerly ACCT 4310)
ACCT 4420 Auditing
Elective: Choose one of the following - 3 hours:
ACCT 4130 External Financial Reporting III
ACCT 4250 Taxation of Business Entities
ACCT 4410 Governmental and Not-For-Profit Accounting
Students wishing to register for ACCT 3110 must meet the following prerequisites: a GPA of 2.50 or better in all introductory level college accounting courses, including a grade of C (2.0) or higher in BUAD 2040 and 2050 or equivalent courses, and an overall higher education GPA of 2.50 or higher in all prior college-level courses. A permit must be entered to allow a student to register for ACCT 3110. Beginning Fall 2014 the GPA requirement increases to 2.75 in both areas.
BUAD 2040 FINANCIAL ACCOUNTING INFORMATION
[3 hours] This course is an introduction to financial accounting from the perspective of a financial statement user. Where appropriate, it provides a small and midsized company's perspective.
BUAD 2050 ACCOUNTING FOR BUSINESS DECISION MAKING
[3 hours] This course is an introduction to management accounting, including the use and limitations of cost-volume-profit analysis for fundamental decisions concerning products, services and activities. Prerequisite: BUAD 2040
ACCT 3110 EXTERNAL FINANCIAL REPORTING I
[4 hours] This course covers accounting topics applicable to asset valuation, income measurement and financial statement disclosure. It concentrates on accounting for corporations and emphasizes the accounting cycle and the asset side of the balance sheet. Prerequisite: A higher education GPA of 2.75 or better and an average GPA of 2.75 or better in BUAD 2040 and BUAD 2050, and a C (2.0) or better in each.
ACCT 3120 EXTERNAL FINANCIAL REPORTING II (formerly ACCT 4120)
[3 hours] This course concentrates on financial accounting for corporations and mphasizes the liability and stockholders’ equity sections of the balance sheet, and related income statement issues. Prerequisite: ACCT 3110 with a grade of C (2.0) or better.
ACCT 3210 INDIVIDUAL TAXATION
[3 hours] This class focuses on the concepts and principles applicable to the taxation of individuals. Prerequisite: ACCT 3110 with a grade of C (2.0) or better; may also be taken at the same time as ACCT 3110.
ACCT 3310 ACCOUNTING INFORMATION SYSTEMS AND CONTROLS
[3 hours] This course provides an introduction to processing and reporting of accounting information. Major emphasis is placed on basic accounting information processing including accounting applications in an advanced nformation technology environment. Prerequisite: ACCT 3110 with a grade of C (2.0) or better.
ACCT 3320 INTERNAL REPORTING (formerly ACCT 4310)
[3 hours] Internal Reporting focuses on budgeting, product and service costing and the ability to recognize and provide management with relevant information for strategic cost management and performance evaluation. Prerequisite: ACCT 3110 with a grade of C (2.0) or better.
ACCT 4130 EXTERNAL FINANCIAL REPORTING III
[3 hours] This is the third course in the external financial reporting sequence. This course covers topics such as foreign exchange, partnerships, business consolidations and mergers. Prerequisite: ACCT 3120 with a grade of C (2.0) or better.
ACCT 4250 TAXATION OF BUSINESS ENTITIES
[3 hours] This course covers the taxation of corporations, their shareholders, and other business entities. Topics include formation of business entities, taxation of income and treatment of distributions. Prerequisite: ACCT 3120 and ACCT 3210 with a grade of C (2.0) or better in each class.
ACCT 4410 GOVERNMENTAL AND NOT-FOR-PROFIT ACCOUNTING
[3 hours] Principles, procedures and ethics of financial reporting for not-for-profit organizations, including state and local government. Includes the use of funds, budgets, appropriations and encumbrances as means of control. Prerequisite: ACCT 3120 with a grade of C (2.0) or better.
ACCT 4420 AUDITING
[3 hours] Auditing integrates financial and cost accounting, ethics, accounting theory, information systems and control structure concepts into a systematic process of obtaining, evaluating and reporting on economic events and activities. Prerequisite: ACCT 3120 and ACCT 3310 with a grade of C (2.0) or better in each class.
ACCT 4940 INTERNSHIP
[1-3 hours] The accounting internship allows superior accounting students to obtain practical training through a rigorous learning experience. This program enables students to secure a broad exposure to business operations and problems. Prerequisite: Officially declared Accounting as major; have completed your first upper division accounting class (i.e., ACCT 3100 or ACCT 3110) with a grade of B or better or have a 3.0 grade point average in your UT upper division accounting (ACCT) courses completed or have successfully completed (C or better) five or more upper division UT accounting (ACCT) courses or be enrolled in the MSA program; have at least a 3.00 UT GPA and at least a 3.00 higher education (all college level courses taken anywhere) GPA.