Major Requirements

2017 - 2018 Catalog

The Accounting department has the following degrees:

Accounting and Business Administration major leading to a BS with Special Attainments in Commerce degree

A major in accounting and business administration leading to a Bachelor of Science with Special Attainments in Commerce requires 49 credits, as follows:

  1. ACCT 201, 202, 320, 321; BUS 211, 221, 346; ECON 101,102; INTR 201, 202
  2. BUS 217 or 345 (INTR 345)
  3. BUS 398 or 399
  4. Nine credits from among ACCT 310, 311, 328, 330, 340, 356, 357, 358, 360
  5. At least three additional credits chosen from courses numbered ACCT 280 through ACCT 372 or one of the following: BUS 302, 312, 315, 317, 321, 325, 350, 353, 355, 356, 357, 358, 359

Agreements with several schools allow accounting majors an expedited application process for the Master of Science in Accounting. Please see the department head for more information.

  1. Required courses:
    • ACCT 201 - Introduction to Financial Accounting
      Credits3
      Prerequisite
      FacultyStaff

      This course covers the fundamental principles of financial accounting and provides an introduction to the process of accumulating, classifying, and presenting financial information. Primary emphasis is given to understanding the financial statements of a business enterprise.


    • ACCT 202 - Introduction to Managerial Accounting
      Credits3
      PrerequisiteACCT 201 and sophomore standing
      FacultyStaff

      This course covers the preparation and utilization of financial information for internal management purposes. Special emphasis is given to cost determination, cost control, and the development of information for planning and decisions.


    • ACCT 320 - Intermediate Accounting I
      Credits3
      Prerequisiteor corequisite: ACCT 202 and at least sophomore standing
      FacultyIrani, Oliver

      This course examines the principles of financial accounting as applied to financial statement presentation and the underlying treatment of cash, investments, receivables, inventory, long-term assets, and intangible assets.


    • ACCT 321 - Intermediate Accounting II
      Credits3
      PrerequisiteACCT 320 and at least junior standing
      FacultyBoylan

      This course examines financial reporting issues that cover current and long-term liabilities, stockholders' equity, earnings per share, revenue recognition, income taxes, pensions, leases, accounting changes and errors, and cash flows.


    • BUS 346 - Foundations of Business Law
      Credits3
      PrerequisiteAt least junior standing. Preference to BSADM, ACCB, PACC, or JMCB majors during the first round of registration
      FacultyYoungman

      An introduction to the law governing the relations between individuals and businesses in commerce, viewed through both an ethical and a legal lens. Students explore the issues that face both established businesses and innovation-driven startups exploring new markets, including the law governing intellectual property, products liability, contracts, business torts, sales of goods under the Uniform Commercial Code, employment and agency law, environmental law, and the formation and operation of partnerships and corporations.  Additional selected topics may be chosen in accordance with the interest of course participants.  Assignments apply legal theories to actual business disputes, court cases, and hypothetical situations.


    • BUS 211 - Marketing Management
      Credits3
      PrerequisiteECON 100 or both ECON 101 and 102; ACCT 201, and INTR 201; and at least junior standing (sophomores allowed in winter term). Preference to BSADM, ACCB, PACC, JMCB or JMCS majors during first round of registration
      FacultyBower, Fox, Straughan

      An exploration of strategic marketing. The focus of the course is on the analysis of a firm's current marketing strengths and weaknesses and the development of a strategic plan to capitalize on key opportunities. Topics include environmental analysis, market segmentation, targeting and positioning, and management of the marketing mix. Throughout the course, significant attention is devoted to international issues, the interrelationships between marketing and other disciplines, and the role of ethically and socially responsible marketing.


    • BUS 221 - Managerial Finance
      Credits3
      PrerequisiteECON 100 or both ECON 101 and 102; ACCT 201, 202, and INTR 202 or equivalent; at least junior standing (sophomores allowed in winter term). Preference to BSADM, ACCB, PACC, MATH, or JMCB majors during the first round of registration
      FacultyHoover, Kester, Schwartz

      A study of finance from a managerial perspective emphasizing the primary goal of the firm as stockholder wealth maximization. Emphasis is on decisions relating to the acquisition of assets and funds and internal management-financial analysis, planning and control, working capital management, capital budgeting, sources and forms of long-term financing, financial structure and the cost of capital, and valuation.


    • ECON 101 - Principles of Microeconomics
      FDRSS1
      Credits3
      PrerequisiteOpen only to members of the Class of 2020 and earlier
      FacultyStaff

      Survey of economic principles and problems with emphasis on analysis of consumer behavior, firm behavior, market outcomes, market structure, and microeconomic policy. The first half of a two-term survey of economics. Should be followed by ECON 102.


    • ECON 102 - Principles of Macroeconomics
      FDRSS1
      Credits3
      PrerequisiteECON 101. Open only to members of the Class of 2020 and earlier
      FacultyStaff

      Emphasis on performance of the aggregate economy. Analysis of unemployment, inflation, growth, and monetary and fiscal policies.


    • INTR 201 - Information Technology Literacy
      Credits1
      PrerequisiteFirst-year or sophomore standing
      FacultyBallenger, Boylan (administrator)

      Through the use of interactive online tutorials, students gain proficiency in and a working knowledge of five distinct areas of information technology literacy: Windows Operating System, spreadsheets (Microsoft Excel), word processing (Microsoft Word), presentation software (Microsoft PowerPoint), and basic networking (the Washington and Lee network, basic Web browsing, and Microsoft Outlook). Lessons, exercises, practice exams and exams mix online efforts and hands-on activities.


    • INTR 202 - Applied Statistics
      Credits3
      PrerequisiteINTR 201

      An examination of the principal applications of statistics in accounting, business, economics, and politics. Topics include descriptive statistics, probability, estimation, hypothesis testing, and regression analysis.


  2. Take one of the following courses:
    • BUS 217 - Management and Organizational Behavior
      Credits3
      PrerequisiteINTR 201; At least junior standing (sophomores allowed in winter term). Preference to BSADM, ACCB, PACC, or JMCB majors during the first round of registration
      FacultyDean, Herbert

      A study of management in modern organizations. This course examines the factors which influence individual, group, and firm behavior in the context of the workplace. Topics covered include individual differences, motivation, leadership, business ethics, group behavior, decision making, and organizational design and change.


    • BUS 345 - Business Ethics
      Credits3
      PrerequisiteAt least junior standing. Preference to BSADM, ACCB, PACC, or JMCB majors during the first round of registration
      FacultyReiter

      An examination of the moral and ethical issues associated with management policy and executive decisions. The course examines the basic approaches to moral reasoning, macro-moral issues concerning the justice of economic systems, and micro-moral issues, such as the following: conflict of interest, whistle blowing, discrimination in employment, product safety, environment, and advertising.


  3. Take one of the following courses:
    • BUS 398 - Strategic Management
      Credits3
      PrerequisiteSenior standing. Limited to BSADM, ACCB, PACC, or JMCB majors
      FacultyGarvis, Reiter, Touve

      A capstone course designed to expose students to a strategic perspective on global issues that impact the firm. Integrative in that it draws on concepts from functional disciplines (e.g., finance, marketing, accounting) in the diagnosis, analysis, and resolution of complex business situations. Practical problem-solving skills are emphasized. Case analysis and/or computer simulation are used extensively in oral presentations and written cases.


    • BUS 399 - Entrepreneurship
      Credits3
      PrerequisiteBUS-211 BUS-221 and senior standing. Limited to BSADM, ACCB, PACC, or JMCB majors
      FacultyShay

      A capstone course designed to expose students to a strategic perspective on business challenges in the context of entrepreneurial firms. Integrating concepts and analytical tools from functional disciplines (e.g., finance, marketing, accounting) in the diagnosis, analysis, and resolution of complex business situations, this seminar helps students develop the knowledge, skills, and abilities necessary to excel in either new ventures or in today's increasingly entrepreneurial corporate environments. Among other activities, students learn from case studies, class discussions, and working together to develop and present a business plan.


  4. Take nine credits from among:
    • ACCT 310 - Accounting Information Systems
      Credits3
      PrerequisiteACCT 201 and at least junior standing
      FacultyBallenger

      An introduction to the information systems used in accounting, including the flow of data from source documents through the accounting cycle into reports for decision makers; the principle of internal control; flowcharting and systems narratives; and use of computers and database systems in accounting information. Students have hands-on experience implementing and using accounting information systems.


    • ACCT 311 - Financial Statement Analysis
      Credits3
      PrerequisiteACCT 202 and at least junior standing
      FacultyFafatas

      Students work to prepare an industry and a company analysis. Through presentations, written analyses and extensive work using computer spreadsheets and databases, students learn to analyze and interpret financial statements of publicly traded companies.


    • ACCT 328 - Contemporary Cases in Financial Accounting
      Credits3
      PrerequisiteACCT 320 and at least junior standing. Not open to students who have taken ACCT 327
      FacultyOliver

      The objective of this course is to understand the financial accounting standard setting process and the roles different institutions play in that process as well as to learn to use the FASB Codification along with other accounting information to research solutions to real world cases.


    • ACCT 330 - Cost Accounting
      Credits3
      PrerequisiteACCT 202 and at least junior standing
      FacultyStaff

      This course covers selected topics from cost accumulation, planning, reporting, control and decision making. Use of spreadsheets is required.


    • ACCT 340 - Advanced Accounting
      Credits3
      PrerequisiteACCT 321 and at least junior standing
      FacultyReid

      This course covers accounting for business combinations and partnerships; segment and interim reporting; foreign currency transactions and translation of foreign currency financial statements; governmental and nonprofit accounting.


    • ACCT 356 - Taxation of Business Entities and Special Topics in Taxation
      Credits3
      PrerequisiteACCT 201 and at least junior standing
      FacultyAlexander

      This course begins by establishing a basic understanding of income tax laws as they relate to C corporations and flow-through entities (e.g., partnerships, s-corporations, limited liability corporations). The course includes modules on specialized tax topics such as international taxation, state and local taxation, taxation of investments, accounting for income taxes, and taxation of property.


    • ACCT 357 - Tax Research
      Credits3
      PrerequisiteACCT 355
      FacultyAlexander

      This course covers tax research fundamentals, focusing on finding and interpreting legislative, administrative and judicial authorities. Students use online tax databases extensively to complete research problems outside of class. This course includes a service component.


    • ACCT 358 - Individual Income Taxation and Financial Planning
      Credits3
      PrerequisiteAt least junior standing
      FacultyAlexander

      This course focuses on the tax and non-tax factors to consider when managing personal/family financial affairs. Topics include tax-subsidized savings and investment vehicles, deductions, and credits for individuals and families, executive compensation and fringe benefits, real estate ownership, and intergenerational giving.


    • ACCT 360 - Auditing
      Credits3
      PrerequisiteACCT 321, at least junior standing, and accounting major
      FacultyHess

      This course examines auditing and its role in a market economy. Course content focuses on the market for audit services, audit planning, evidence gathering, and reporting.


  5. At least three additional credits chosen from:
  6. courses numbered ACCT 280 through ACCT 372 or one of the following: BUS 302, 312, 315, 317, 321, 325, 350, 353, 355, 356, 357, 358, 359

Public Accounting major leading to a BS with Special Attainments in Commerce degree

A major in public accounting leading to a Bachelor of Science with Special Attainments in Commerce requires 55 credits (with 144 credits total being required to graduate) as follows:

  1. ACCT 201, 202, 310, 320, 321, 330, 360; BUS 211, 221, 346; ECON 101, 102, INTR 201, 202
  2. BUS 217 or 345 (INTR 345)
  3. BUS 398 or 399
  4. At least six credits chosen from among ACCT 280, 297, 303, 304, 311 , 328, 329, 340, 356, 357, 358, 370, 371, 372, 403, 453, and 493 (3-3)

The major in public accounting is appropriate for students who are interested in sitting for the CPA examination, for which nearly all states require at least a bachelor's degree and 150 credits of college-level work. Students interested in taking the examination and working for a public accounting firm after graduation are strongly urged to consult the department head as early as possible in their college careers to discuss the curricular options.

Agreements with several schools allow accounting majors an expedited application process for the Master of Science in Accounting. Please see the department head for more information.

  1. Required courses:
    • ACCT 201 - Introduction to Financial Accounting
      Credits3
      Prerequisite
      FacultyStaff

      This course covers the fundamental principles of financial accounting and provides an introduction to the process of accumulating, classifying, and presenting financial information. Primary emphasis is given to understanding the financial statements of a business enterprise.


    • ACCT 202 - Introduction to Managerial Accounting
      Credits3
      PrerequisiteACCT 201 and sophomore standing
      FacultyStaff

      This course covers the preparation and utilization of financial information for internal management purposes. Special emphasis is given to cost determination, cost control, and the development of information for planning and decisions.


    • ACCT 310 - Accounting Information Systems
      Credits3
      PrerequisiteACCT 201 and at least junior standing
      FacultyBallenger

      An introduction to the information systems used in accounting, including the flow of data from source documents through the accounting cycle into reports for decision makers; the principle of internal control; flowcharting and systems narratives; and use of computers and database systems in accounting information. Students have hands-on experience implementing and using accounting information systems.


    • ACCT 320 - Intermediate Accounting I
      Credits3
      Prerequisiteor corequisite: ACCT 202 and at least sophomore standing
      FacultyIrani, Oliver

      This course examines the principles of financial accounting as applied to financial statement presentation and the underlying treatment of cash, investments, receivables, inventory, long-term assets, and intangible assets.


    • ACCT 321 - Intermediate Accounting II
      Credits3
      PrerequisiteACCT 320 and at least junior standing
      FacultyBoylan

      This course examines financial reporting issues that cover current and long-term liabilities, stockholders' equity, earnings per share, revenue recognition, income taxes, pensions, leases, accounting changes and errors, and cash flows.


    • ACCT 330 - Cost Accounting
      Credits3
      PrerequisiteACCT 202 and at least junior standing
      FacultyStaff

      This course covers selected topics from cost accumulation, planning, reporting, control and decision making. Use of spreadsheets is required.


    • ACCT 360 - Auditing
      Credits3
      PrerequisiteACCT 321, at least junior standing, and accounting major
      FacultyHess

      This course examines auditing and its role in a market economy. Course content focuses on the market for audit services, audit planning, evidence gathering, and reporting.


    • BUS 346 - Foundations of Business Law
      Credits3
      PrerequisiteAt least junior standing. Preference to BSADM, ACCB, PACC, or JMCB majors during the first round of registration
      FacultyYoungman

      An introduction to the law governing the relations between individuals and businesses in commerce, viewed through both an ethical and a legal lens. Students explore the issues that face both established businesses and innovation-driven startups exploring new markets, including the law governing intellectual property, products liability, contracts, business torts, sales of goods under the Uniform Commercial Code, employment and agency law, environmental law, and the formation and operation of partnerships and corporations.  Additional selected topics may be chosen in accordance with the interest of course participants.  Assignments apply legal theories to actual business disputes, court cases, and hypothetical situations.


    • BUS 211 - Marketing Management
      Credits3
      PrerequisiteECON 100 or both ECON 101 and 102; ACCT 201, and INTR 201; and at least junior standing (sophomores allowed in winter term). Preference to BSADM, ACCB, PACC, JMCB or JMCS majors during first round of registration
      FacultyBower, Fox, Straughan

      An exploration of strategic marketing. The focus of the course is on the analysis of a firm's current marketing strengths and weaknesses and the development of a strategic plan to capitalize on key opportunities. Topics include environmental analysis, market segmentation, targeting and positioning, and management of the marketing mix. Throughout the course, significant attention is devoted to international issues, the interrelationships between marketing and other disciplines, and the role of ethically and socially responsible marketing.


    • BUS 221 - Managerial Finance
      Credits3
      PrerequisiteECON 100 or both ECON 101 and 102; ACCT 201, 202, and INTR 202 or equivalent; at least junior standing (sophomores allowed in winter term). Preference to BSADM, ACCB, PACC, MATH, or JMCB majors during the first round of registration
      FacultyHoover, Kester, Schwartz

      A study of finance from a managerial perspective emphasizing the primary goal of the firm as stockholder wealth maximization. Emphasis is on decisions relating to the acquisition of assets and funds and internal management-financial analysis, planning and control, working capital management, capital budgeting, sources and forms of long-term financing, financial structure and the cost of capital, and valuation.


    • ECON 101 - Principles of Microeconomics
      FDRSS1
      Credits3
      PrerequisiteOpen only to members of the Class of 2020 and earlier
      FacultyStaff

      Survey of economic principles and problems with emphasis on analysis of consumer behavior, firm behavior, market outcomes, market structure, and microeconomic policy. The first half of a two-term survey of economics. Should be followed by ECON 102.


    • ECON 102 - Principles of Macroeconomics
      FDRSS1
      Credits3
      PrerequisiteECON 101. Open only to members of the Class of 2020 and earlier
      FacultyStaff

      Emphasis on performance of the aggregate economy. Analysis of unemployment, inflation, growth, and monetary and fiscal policies.


    • INTR 201 - Information Technology Literacy
      Credits1
      PrerequisiteFirst-year or sophomore standing
      FacultyBallenger, Boylan (administrator)

      Through the use of interactive online tutorials, students gain proficiency in and a working knowledge of five distinct areas of information technology literacy: Windows Operating System, spreadsheets (Microsoft Excel), word processing (Microsoft Word), presentation software (Microsoft PowerPoint), and basic networking (the Washington and Lee network, basic Web browsing, and Microsoft Outlook). Lessons, exercises, practice exams and exams mix online efforts and hands-on activities.


    • INTR 202 - Applied Statistics
      Credits3
      PrerequisiteINTR 201

      An examination of the principal applications of statistics in accounting, business, economics, and politics. Topics include descriptive statistics, probability, estimation, hypothesis testing, and regression analysis.

       


  2. Take one of the following courses:
    • BUS 217 - Management and Organizational Behavior
      Credits3
      PrerequisiteINTR 201; At least junior standing (sophomores allowed in winter term). Preference to BSADM, ACCB, PACC, or JMCB majors during the first round of registration
      FacultyDean, Herbert

      A study of management in modern organizations. This course examines the factors which influence individual, group, and firm behavior in the context of the workplace. Topics covered include individual differences, motivation, leadership, business ethics, group behavior, decision making, and organizational design and change.


    • BUS 345 - Business Ethics
      Credits3
      PrerequisiteAt least junior standing. Preference to BSADM, ACCB, PACC, or JMCB majors during the first round of registration
      FacultyReiter

      An examination of the moral and ethical issues associated with management policy and executive decisions. The course examines the basic approaches to moral reasoning, macro-moral issues concerning the justice of economic systems, and micro-moral issues, such as the following: conflict of interest, whistle blowing, discrimination in employment, product safety, environment, and advertising.


  3. Take one of the following courses:
    • BUS 399 - Entrepreneurship
      Credits3
      PrerequisiteBUS-211 BUS-221 and senior standing. Limited to BSADM, ACCB, PACC, or JMCB majors
      FacultyShay

      A capstone course designed to expose students to a strategic perspective on business challenges in the context of entrepreneurial firms. Integrating concepts and analytical tools from functional disciplines (e.g., finance, marketing, accounting) in the diagnosis, analysis, and resolution of complex business situations, this seminar helps students develop the knowledge, skills, and abilities necessary to excel in either new ventures or in today's increasingly entrepreneurial corporate environments. Among other activities, students learn from case studies, class discussions, and working together to develop and present a business plan.


    • BUS 398 - Strategic Management
      Credits3
      PrerequisiteSenior standing. Limited to BSADM, ACCB, PACC, or JMCB majors
      FacultyGarvis, Reiter, Touve

      A capstone course designed to expose students to a strategic perspective on global issues that impact the firm. Integrative in that it draws on concepts from functional disciplines (e.g., finance, marketing, accounting) in the diagnosis, analysis, and resolution of complex business situations. Practical problem-solving skills are emphasized. Case analysis and/or computer simulation are used extensively in oral presentations and written cases.


  4. At least six credits chosen from among:
    • ACCT 280 - History Through Accounting
      Credits4
      FacultyFafatas

      This class explores the development of accounting through the study of historical economic, business, and cultural issues. From Venetian merchants to recent scandals, this course seeks to learn how accounting has impacted society and vice versa. The course begins by reviewing early evidence of accounting methods as important tools for decision makers and then moves on to the development of financial reporting, with a large focus on the history of the railroad industry in the U.S. The class combines readings with site visits to libraries, historical societies, and businesses to dig into the forces that have helped shape accounting into the science it is today.


    • ACCT 297 - Spring-Term Topics in Accounting
      Credits4
      PrerequisiteACCT 201 and others which may vary by topic

      Intensive study of specific accounting issues in significant detail. Pedagogy depends on the specific topic but generally emphasizes discussion, research, fieldwork, projects, or case analysis rather than lecture. Specific course content changes from term to term, and is announced prior to preregistration. May be repeated for degree credit if the topics are different.


    • ACCT 303 - Sustainability Accounting
      Credits3
      PrerequisiteACCT 201. Prerequisite or corequisite: ACCT 202
      FacultyM. Hess

      This course examines best practices and key debates in sustainability accounting and corporate social responsibility (CSR) reporting. Sustainable business practices meet the needs of the present without compromising the needs of the future. Increasingly, accountants are playing an important role in measuring, reporting, and auditing corporate impacts on society and the environment so that corporations can be held accountable and more sustainable business practices can be implemented.


    • ACCT 311 - Financial Statement Analysis
      Credits3
      PrerequisiteACCT 202 and at least junior standing
      FacultyFafatas

      Students work to prepare an industry and a company analysis. Through presentations, written analyses and extensive work using computer spreadsheets and databases, students learn to analyze and interpret financial statements of publicly traded companies.


    • ACCT 328 - Contemporary Cases in Financial Accounting
      Credits3
      PrerequisiteACCT 320 and at least junior standing. Not open to students who have taken ACCT 327
      FacultyOliver

      The objective of this course is to understand the financial accounting standard setting process and the roles different institutions play in that process as well as to learn to use the FASB Codification along with other accounting information to research solutions to real world cases.


    • ACCT 329 - Writing and Research for Accountants II
      Credits1
      PrerequisiteACCT 328 and at least junior standing.
      FacultyOliver

      Concentrated work in writing for the business world and researching financial accounting issues sharpen students analytical and writing skills. Students continue to hone their writing and researching skills using the transactions covered in Intermediate Accounting II.


    • ACCT 340 - Advanced Accounting
      Credits3
      PrerequisiteACCT 321 and at least junior standing
      FacultyReid

      This course covers accounting for business combinations and partnerships; segment and interim reporting; foreign currency transactions and translation of foreign currency financial statements; governmental and nonprofit accounting.


    • ACCT 356 - Taxation of Business Entities and Special Topics in Taxation
      Credits3
      PrerequisiteACCT 201 and at least junior standing
      FacultyAlexander

      This course begins by establishing a basic understanding of income tax laws as they relate to C corporations and flow-through entities (e.g., partnerships, s-corporations, limited liability corporations). The course includes modules on specialized tax topics such as international taxation, state and local taxation, taxation of investments, accounting for income taxes, and taxation of property.


    • ACCT 357 - Tax Research
      Credits3
      PrerequisiteACCT 355
      FacultyAlexander

      This course covers tax research fundamentals, focusing on finding and interpreting legislative, administrative and judicial authorities. Students use online tax databases extensively to complete research problems outside of class. This course includes a service component.


    • ACCT 358 - Individual Income Taxation and Financial Planning
      Credits3
      PrerequisiteAt least junior standing
      FacultyAlexander

      This course focuses on the tax and non-tax factors to consider when managing personal/family financial affairs. Topics include tax-subsidized savings and investment vehicles, deductions, and credits for individuals and families, executive compensation and fringe benefits, real estate ownership, and intergenerational giving.


    • ACCT 370 - Casino Accounting, Auditing, and Financial Analysis
      Credits4
      PrerequisiteACCT 320 and instructor consent, and must be 21 years of age by the first day of Spring classes. Additional course fee required, for which the student is responsible after Friday of the 7th week of winter term
      FacultyBoylan

      This course provides an introduction to financial accounting and auditing in the gaming industry. Topics include the design and implementation of controls over cash, revenue recognition and measurement, accounting for the extension of casino credit , progressive jackpot liabilities, complimentary expenditures, and customer loyalty programs.


    • ACCT 371 - Tax Service Learning in South Africa
      Credits4
      PrerequisiteACCT 321 and ACCT 356
      FacultyAlexander

      This service-learning course culminates in a 10-day trip to South Africa to conduct training workshops on SEC reporting requirements for financial statements related to the income taxes of U.S. multinational corporations. The specific class topics include: international tax planning strategies; SEC reporting requirements; attorney-client privilege; ASC 740; and tax social justice. While on campus, students develop workshop training materials through a series of research projects and homework assignments. While in South Africa, students conduct two workshops and participate in activities designed to foster a deeper understanding of South Africa's culture, history, ecology, and business environment.


    • ACCT 372 - Management Accounting in China
      Credits4
      PrerequisiteACCT 202
      FacultyStaff

      The objective of this course is to expose students to management accounting practices in China. Students (i) visit multinational companies and Chinese enterprises to discuss with business leaders to understand management accounting practices in businesses of different structures in China; (ii) attend lectures and listen to guest speakers to understand historical, cultural, economic, political, labor, resources, and environmental contexts that shape China's business environment and management accounting practices; (iii) conduct field trips to explore China's long history, distinctive culture, and its recent economic development. This unique learning experience prepares students for future accounting and business engagement with China.


    • ACCT 403 - Directed Individual Study
      Credits3
      Prerequisite12 credits in accounting courses numbered above 202, either a cumulative grade-point average of 3.000 or of 3.000 in all accounting courses, at least junior standing, and instructor consent
      FacultyStaff

      The objective is to permit students to follow a course of directed study in some field of accounting not presented in other courses, or to emphasize a particular field of interest. May be repeated for degree credit if the topics are different.


    • ACCT 453 - Internship
      Credits3
      PrerequisiteACCT 320, senior standing, and consent of the department. Limited to declared public accounting majors
      FacultyStaff

      Graded Satisfactory/Unsatisfactory. Professional service in a public accounting firm or approved equivalent, arranged and supervised individually. Students proposing to undertake an internship must coordinate their plans with the department's internship supervisor prior to the internship. Students undertaking an internship in the summer may receive credit in the following fall only as an overload. May be repeated for credit.


    • ACCT 493 - Honors Thesis
      Credits3-3
      PrerequisiteTake 12 credits from Accounting, except courses ACCT-201, ACCT-202, and senior standing. Instructor consent required

      Honors Thesis.


    • ACCT 304 - Anatomy of a Fraud
      Credits4
      PrerequisiteACCT 201 and 202
      FacultyM. Hess

      This course examines the phenomena of financial statement fraud and discusses some of the key forensic accounting concepts and skills used to address this problem. Drawing on historical cases of financial statement fraud as well as the first-hand experience of the instructor, we search for the answers to questions such as: What causes executives to "cook the books"? What factors contribute to fraud? What can be done to prevent and detect it? How have regulations changed the landscape of corporate misconduct? What role do auditors, lawyers, employees, the media, and other stakeholders play?