College of Business and Innovation

Department of Accounting

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Dean's Office
5017 Stranahan Hall
419.530.2558
419.530.7744 (Fax)
CoBusiness@UToledo.edu
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3130 Savage & Associates Business Complex
419.530.2087
419.530.5353 (Fax)
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BBA Accounting Major

Accounting Majors Course Sequencing

Accounting Course Sequencing 2018

PDF copy of Accounting Majors Course Sequencing (effective 27-Aug-2018)
PDF copy of Accounting Majors Course Sequencing (effective 19-Aug-2013)


Notes:
  1. For the completion of an undergraduate degree, only the required accounting classes are needed.  However, the Ohio requirements to sit for the uniform CPA exam require 24 hours of upper division accounting.  Taking one of the other classes available (in gray boxes) could fulfill this requirement.

  2. Any of the classes shown in gray boxes not taken at the undergraduate level can be completed at the graduate level as part of the MSA.

PROGRAM REQUIREMENTS

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:  21 hours

ACCT 3100   Financial Accounting and Analysis
ACCT 3110   Intermediate Financial I
ACCT 3120   Intermediate Financial II
ACCT 3210   Individual Taxation
ACCT 3310   Accounting Information Systems
ACCT 3320   Cost Accounting
ACCT 4420   Auditing

Elective:  Choose one of the following - 3 hours:

ACCT 4130   Advanced Financial
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.

COURSE DESCRIPTIONS

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    MANAGERIAL ACCOUNTING
[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

BUAD 3100    FINANCIAL ACCOUNTING AND ANALYSIS
[3 hours] This class focuses on the general purpose financial statements and the accounting information system that develops information included in those financial statements. Prerequisite: BUAD 2040 and BUAD 2050, and a C (2.0) or better in each.

ACCT 3110    INTERMEDIATE FINANCIAL I
[3 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    INTERMEDIATE FINANCIAL II
[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 Information technology environment. Prerequisite: ACCT 3110 with a grade of C (2.0) or better.

ACCT 3320    COST ACCOUNTING
[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    ADVANCED FINANCIAL
[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.

 

Last Updated: 2/27/18