Accounting
Major:
Minor:
Our mission is to provide an inclusive learning community that combines theory and practice in scholarship and teaching to cultivate the development of ethical accounting professionals for the betterment of the individual and society. Our vision is to develop accounting professionals who are engaged in lifelong learning, leadership and service in the Catholic and Marianist tradition.
In addition to other requirements, an accounting major must earn credit in eight upper-level accounting courses: ACC 303, ACC 305, ACC 306, ACC 341, ACC 401, ACC 408, ACC 420 and an accounting elective. For students electing to complete a combined BSBA with a major in accounting and a MPAcc, ACC 408 may be waived and replaced by ACC 603A. ACC 401, ACC 408, and ACC 420 each require a minimum grade of "C-" unless the course is a prerequisite for a student's chosen accounting elective, in which case a minimum grade of "C" is required. Accounting electives require a minimum grade of "C-". ACC 303, ACC 305, ACC 306, and ACC 341 require a minimum grade of "C". ACC 303 and ACC 305 require a minimum of "C" in ACC 201 or ACC 208, and ACC 202 or ACC 207. These grade requirements also apply to an accounting minor. Students should consult with their academic advisor or the Department Chairperson about selecting accounting and other elective courses appropriate to particular career goals. Students should also consult their advisor or the department chairperson about opportunities for professional work-experience, double majors, minors, study abroad opportunities, and requirements for professional examinations (e.g., CPA).
Ohio and numerous other states require 150 semester hours to become a CPA. The MPAcc program is particularly useful in this regard. Consult the Department Chairperson or an advisor for more information.
Faculty
Matthew Holt, Chairperson
Professors Emeriti: Brady, Burrows, Castellano, Greenlee, Rosenzweig, Street
Associate Professors: Archambeault, Calvin, Holt, M. Keune, T. Keune, Ramamoorti, Webber
Assistant Professors: Farnsel, Neuman
Lecturers: Holland
Senior Lecturers: Parker, Stangel
Bachelor of Science in Business Administration, Accounting (ACC) minimum 120 hours
The Common Academic Program (CAP) is an innovative curriculum that is the foundation of a University of Dayton education. It is a learning experience that is shared in common among all undergraduate students, regardless of their major. Some CAP requirements must be fulfilled by courses taken at UD. Some major requirements must also be fulfilled by courses taken at UD. Students should consult with their advisor regarding applicability of transfer credit to fulfill CAP and major program requirements.
| Common Academic Program (CAP) 1 | ||
| First-Year Humanities Commons 2 | 6 cr. hrs. | |
| Chaminade Seminar: Reading and Responding to the Signs of the Times | ||
| Marie Thérèse Seminar: Human Dignity and the Common Good | ||
| Second-Year Writing Seminar | 3 cr. hrs. | |
| Oral Communication | 3 cr. hrs. | |
| Mathematics | 3 cr. hrs. | |
| Social Science | 3 cr. hrs. | |
| Arts | 3 cr. hrs. | |
| Natural Science 3 | 4 cr. hrs. | |
| Crossing Boundaries | 9 cr. hrs. | |
Faith Traditions (3 cr. hrs.) | ||
Practical Ethical Action (3 cr. hrs.) | ||
Interdisciplinary Investigations (3 cr. hrs.) 4 | ||
| Advanced Study | 9 cr. hrs. | |
Religious Studies (3 cr. hrs.) | ||
Philosophical Studies (3 cr. hrs.) | ||
Historical Studies (3 cr. hrs.) | ||
| Diversity and Social Justice 5 | 3 cr. hrs. | |
| Major Capstone 6 | 0-6 cr. hrs. | |
| Experiential Learning 7 | 0-3 cr. hrs. | |
| 1 | The credit hours listed reflect what is needed to complete each CAP component. However, they should not be viewed as a cumulative addition to a student's degree requirements because many CAP courses are designed to satisfy more than one CAP component (e.g., Crossing Boundaries and Advanced Studies) and may also satisfy requirements in the student's major. |
| 2 | May be completed with ASI 110 through the Core Program. |
| 3 | Must include a lecture course and an accompanying lab. |
| 4 | New Crossing Boundaries category effective with the 2025-26 Catalog, which incorporates all courses previously approved in the Crossing Boundaries Inquiry or Integrative categories. This new category does not include any restriction that students must take the course outside of their unit or division. |
| 5 | May not double count with First-Year Humanities Commons, Second-Year Writing, Oral Communication, Social Science, or Natural Science CAP components, but may double count with courses taken to satisfy other CAP components and/or courses taken in the student's major. |
| 6 | The course or experience is designed by faculty in each major; it may, or may not, be assigned credit hours. |
| 7 | The course or experience will have variable credit, depending on the intensity and duration of the experience, or where it is housed in existing curricular and co-curricular spaces. |
| SBA Core Curriculum 1 | ||
| ACC 201 | Accounting Information for Business Decisions I | 3 |
| ACC 202 | Accounting Information for Business Decisions II | 3 |
| BAN 210 | Statistics for Business Analytics I | 3 |
| BAN 211 | Statistics for Business Analytics 2 | 3 |
| BIZ 101 | Launching Your Business Career: Foundations for Student Success 2 | 1 |
| BIZ 103 | Develop Your Vocation and Career Flight Plan 3 | 1 |
| BIZ 201 | Business Cases and Communications | 3 |
| BIZ 202 | Career Flight Takeoff 4 | 1 |
| BIZ 301 | Successfully Navigating Your Career Flight Plan | 1 |
| ECO 203 | Principles of Microeconomics | 3 |
| ECO 204 | Principles of Macroeconomics | 3 |
| FIN 301 | Introduction to Financial Management | 3 |
| MGT 101 | Entrepreneurial, Innovative, and Creative Mindsets | 3 |
| MGT 201 | Legal and Ethical Environment of Business | 3 |
| MGT 301 | Organizational Behavior | 3 |
| MGT 490 | Strategic Management | 3 |
| MTH 129 | Calculus for Business | 3 |
| MIS 301 | Information Systems in Organizations | 3 |
| MKT 301 | Principles of Marketing | 3 |
| OPS 301 | Survey of Operations & Supply Management | 3 |
| BWISE requirement | 0 | |
| 1 | No more than two semester grades of D are allowed in the SBA Core Curriculum. When this threshold is violated, the course grade will not satisfy the SBA Core Curriculum requirement. A course may be taken again in order to demonstrate a grade above a D. The University policy regarding calculating GPA when a course is re-taken applies in these circumstances. |
| 2 | Requirement is waived for students who transfer from other universities. |
| 3 | Requirement is waived for students who transfer from other universities with more than 45 credit hours. |
| 4 | Requirement is optional for students who transfer from other universities with more than 45 credit hours. |
| Major Requirements | ||
| ACC 303 | Managerial Accounting 1 | 3 |
| ACC 305 | Intermediate Financial Accounting I 1 | 3 |
| ACC 306 | Intermediate Financial Accounting II 1 | 3 |
| ACC 341 | Accounting Systems and Data Analytics 1 | 3 |
| ACC 401 | Auditing Principles 2 | 3 |
| ACC 408 | Advanced Financial Accounting (Satisfies CAP Major Capstone) 2,3 | 3 |
| or ACC 603A | Advanced Financial Accounting | |
| ACC 420 | Federal Income Taxation 2 | 3 |
| Choose one elective from the following to reach required total of 125 hours: | 3 | |
| Taxes and Business Strategy 2,4 | ||
| Accounting for Community 2,4 | ||
| Advanced Accounting Data Analytics 2,4 | ||
| Financial Reporting and Analysis 2,4 | ||
| Total Hours | 24 | |
| 1 | Requires a minimum grade of 'C' |
| 2 | Requires a minimum grade of 'C-' |
| 3 | ACC 603A recommended for students electing to complete a MPAcc, or a combined BSB with a major in Accounting and an MBA. Consult an advisor or the chair of the department for details |
| 4 | Prerequisite(s) must be completed with a minimum grade of 'C' to take electives |
Minor in Accounting (ACC)
| Accounting (business majors) 4 | ||
| ACC 305 | Intermediate Financial Accounting I 3 | 3 |
| ACC 306 | Intermediate Financial Accounting II 3 | 3 |
| Select two ACC electives from the following 1 | 6 | |
| Managerial Accounting | ||
| Accounting Systems and Data Analytics | ||
| Auditing Principles | ||
| Advanced Financial Accounting | ||
| Federal Income Taxation | ||
| Taxes and Business Strategy | ||
| Accounting for Community | ||
| Advanced Accounting Data Analytics | ||
| Financial Reporting and Analysis | ||
| Total Hours | 12 | |
| Accounting (non-business majors) 4 | ||
| ACC 201 | Accounting Information for Business Decisions I | 3 |
| or ACC 208 | Introduction to Managerial Accounting | |
| ACC 202 | Accounting Information for Business Decisions II 2 | 3 |
| or ACC 207 | Introduction to Financial Accounting | |
| ACC 305 | Intermediate Financial Accounting I 3 | 3 |
| ACC 306 | Intermediate Financial Accounting II 3 | 3 |
| Select two ACC electives from the following 1 | 6 | |
| Managerial Accounting | ||
| Accounting Systems and Data Analytics | ||
| Auditing Principles | ||
| Advanced Financial Accounting | ||
| Federal Income Taxation | ||
| Taxes and Business Strategy | ||
| Accounting for Community | ||
| Advanced Accounting Data Analytics | ||
| Financial Reporting and Analysis | ||
| Total Hours | 18 | |
| 1 | In consultation with the department chairperson. |
| 2 | Prerequisite must be taken. |
| 3 | Requires a minimum grade of 'C' |
| 4 | More than 50 percent of credits in the minor must be taken at UD. All courses in the minor must be completed for letter grades (Option 1). Courses taken using Option 2 grading (satisfactory/no credit) will not count towards the minor. |
| First Year | |||
|---|---|---|---|
| Fall | Hours | Spring | Hours |
| BIZ 101 | 1 | BIZ 103 | 1 |
| BIZ 201 | 3 | ECO 204 | 3 |
| ECO 203 | 3 | HUM 102 | 3 |
| HUM 101 | 3 | MGT 101 | 3 |
| MTH 129 | 3 | MGT 201 | 3 |
| CAP Arts Study | 3 | CAP Natural Science & Lab | 4 |
| 16 | 17 | ||
| Second Year | |||
| Fall | Hours | Spring | Hours |
| ACC 201 | 3 | ACC 202 | 3 |
| BAN 210 | 3 | BAN 211 | 3 |
| BIZ 202 | 1 | FIN 301 | 3 |
| ENG 200 | 3 | MKT 301 | 3 |
| MIS 301 | 3 | CAP Diversity & Social Justice | 3 |
| CAP Faith Traditions | 3 | ||
| 16 | 15 | ||
| Third Year | |||
| Fall | Hours | Spring | Hours |
| ACC 303 | 3 | ACC 306 | 3 |
| ACC 305 | 3 | ACC 341 | 3 |
| OPS 301 | 3 | BIZ 301 | 1 |
| CAP Advanced Religious Studies | 3 | MGT 301 | 3 |
| Open Elective | 3 | CAP Advanced Philosophical Studies | 3 |
| Open Elective | 3 | ||
| 15 | 16 | ||
| Fourth Year | |||
| Fall | Hours | Spring | Hours |
| ACC 401 | 3 | ACC 420 | 3 |
| ACC 408 | 3 | ACC Elective | 3 |
| MGT 490 | 3 | CAP Advanced Historical Studies | 3 |
| Open Elective | 3 | Open Elective | 3 |
| Open Elective | 1 | ||
| 13 | 12 | ||
| Total credit hours: 120 | |||
Courses
ACC 200. Introduction to Accounting. 3 Hours
Introduction to financial and managerial accounting concepts, terminology, purposes, and applications for the nonbusiness student. Not open to students in the School of Business Administration or to those with credit in ACC 201 or ACC 207.
ACC 201. Accounting Information for Business Decisions I. 3 Hours
Accounting is integral to effective business communication and decision making. The first of a two-part introductory accounting series, this course covers the fundamental concepts needed to understand accounting information used by business managers to make operational decisions that can enhance an organization's performance. The topics focus on the accounting information needed by managers in all business disciplines to plan, direct, and control an organization’s operations.
ACC 202. Accounting Information for Business Decisions II. 3 Hours
Accounting is integral to effective business communication and decision making. The second of a two-part introductory accounting series, this course covers the fundamental concepts needed to analyze, measure, record, and interpret the economic substance of business transactions. The topics focus on the financial statements and the information external users need to make investing and lending decisions.
Prerequisites: ACC 201.
ACC 290. Professional Development for Successful Careers in Accounting. 1 Hour
This course is designed for Accounting majors who have not yet lined up an internship. The course will provide access to professionals, valuable information about career paths in accounting, and advice and tips for successful interviewing.
ACC 291. EY Day One Ready. 2 Hours
Today's students are entering a workforce where technology is changing at a rapid pace. This course serves as a broad introduction to technology-related topics that are of interest to EY and other business professionals to make students "Day One Ready" for the workforce. Through a series of hands-on cases, students will gain exposure to topics such as data analytics, cybersecurity, enterprise resource planning systems, and internal controls. In addition, they will have the opportunity to hear from EY professionals about these and other professional development topics.
Prerequisites: Permission of the instructor and accounting department chair.
ACC 303. Managerial Accounting. 3 Hours
The production, dissemination, and interpretation of financial and nonfinancial information to facilitate planning, decision making, and control within an organization including the study of typical cost accounting systems used.
Prerequisites: ACC 201 and ACC 202 (or ACC 207 and ACC 208), with minimum grades of 'C' or permission of Department Chairperson.
ACC 305. Intermediate Financial Accounting I. 3 Hours
A comprehensive treatment of financial accounting concepts, principles, and procedures used in the preparation and analysis of financial statements.
Prerequisites: ACC 201 and ACC 202 (or ACC 207 and ACC 208), with minimum grades of 'C' or permission of department chairperson.
ACC 306. Intermediate Financial Accounting II. 3 Hours
A comprehensive treatment of financial accounting concepts, principles, and procedures used in the preparation and analysis of financial statements.
Prerequisites: ACC 303 (may be taken concurrently) and ACC 305 with a minimum grade of 'C' or permission of Department Chairperson.
ACC 341. Accounting Systems and Data Analytics. 3 Hours
Study of fundamentals of accounting data: collection, storage, protection, and analysis. Data collection is centered on business cycles, processes, and related documents. Storage focuses on understanding relational databases, and protection involves discussion of internal controls, with a focus on IT controls. Analysis includes study of the fundamental concepts of data analytics and visualization. The course emphasizes conceptual knowledge of the topics, as well as hands-on application involving process diagramming, semantic data modeling, working with databases, and data visualization.
Prerequisites: ACC 303 (may be taken concurrently) and ACC 305 with minimum grades of 'C'; MIS 301; or permission of Department Chairperson.
ACC 401. Auditing Principles. 3 Hours
Provides a foundation in auditing and assurance, risk assessment, and corporate governance. Study of the standards, concepts, and procedures used to plan and conduct audits of financial statements and internal control over financial reporting; audit reports; the ethical, professional, and regulatory responsibilities of the auditor.
Prerequisites: ACC 306 with a minimum grade of 'C'; ACC 341 with a minimum grade of 'C'; or permission of Department Chairperson.
ACC 408. Advanced Financial Accounting. 3 Hours
Study of advanced financial accounting topics including consolidated financial statements and accounting for business combinations, multinational subsidiaries, foreign currency transactions, and governmental and not-for-profit entity accounting. This course analyzes real-world examples of these topics using case study materials and the business press. Satisfies the accounting capstone requirement for accounting majors and serves as evidence of the culmination of the Common Academic Program.
Prerequisites: ACC 306 with a minimum grade of C or permission of Department Chairperson; Senior standing.
ACC 412A. Contemporary Issues in Accounting. 3 Hours
Seminar covering emerging or controversial issues for the student who has a strong accounting background. Topics include the business and financial situations that underlie accounting problems and controversies, alternative accounting techniques which are accepted or proposed, and the consequences of various accounting practices.
Prerequisite(s): ACC 306 and permission of instructor.
ACC 420. Federal Income Taxation. 3 Hours
This course introduces concepts of individual and business taxation topics found in the Internal Revenue Code and provides students with a foundation for tax preparation and research. This course explores various sources of income and distinguishes between inclusions and exclusions. The course also examines deductions that may reduce a taxpayer's income. The historical, social, economic, and political influence on taxation laws are emphasized.
Prerequisites: ACC 306 with a minimum grade of 'C' or permission of Department Chairperson.
ACC 421. Taxes and Business Strategy. 3 Hours
Primary emphasis is given to analyzing tax planning opportunities for individuals and businesses through the use of in-depth tax research projects. This course builds upon the Federal Income Taxation course to further develop tax policy considerations and discusses tax reform. The course introduces several advanced taxation topics including accounting for income taxes, state and local taxation, international taxation, and estate taxation. This course introduces students to different careers in taxation through a speaker series.
Prerequisites: ACC 420 minimum grade of 'C' or permission of Department Chairperson.
ACC 431. Accounting for Community. 3 Hours
Traditional accounting curricula focus extensively on for-profit accounting topics. However, accountants serve a greater role in the community than these topics represent. This course will explore additional topics where accountants can contribute to the common good such as not-for-profit accounting, governmental accounting, and environmental, social and governance (ESG) reporting. An important focus of this course will be to consider these topics from multiple perspectives including, where applicable, financial accounting, management accounting, assurance, and tax.
Prerequisites: ACC 408 or ACC 603A - minimum grade of 'C' required or permission of Department Chairperson.
ACC 432. Advanced Accounting Data Analytics. 3 Hours
This course prepares students to perform data analytics for making decisions in an accounting context. Students will use tools that allow for scalability to large datasets and process automation. With a focus on problem solving, the course utilizes a hands-on approach to practicing data analysis (e.g., data wrangling, descriptive analysis, and predictive modeling). Other advanced topics in data analytics and accounting technology may be covered.
Prerequisites: ACC 341 - minimum grade of 'C' required or permission of Department Chair.
ACC 433. Financial Reporting and Analysis. 3 Hours
ACC 433 is a study of the tools and techniques of financial statement analysis with an emphasis on risk assessment and valuation. The course provides a framework for understanding accounting choices and the effect of those choices on reported financial statements and valuation of a company.
Prerequisites: ACC 306 - minimum grade of 'C' required or permission of Department Chair.
ACC 491. Honors Thesis. 3 Hours
Selection, design, investigation, and completion of an independent original research thesis under the guidance of a departmental faculty member. Restricted to students in the University Honors Program with permission of program director and chairperson.
ACC 492. Honors Thesis. 3 Hours
Selection, design, investigation, and completion of an independent original research thesis under the guidance of a departmental faculty member. Restricted to students in the University Honors Program with permission of program director and chairperson.
ACC 497. Professional Work Experience. 0-3 Hours
Supervised accounting work experience in association with a participating public accounting, industrial, commercial, educational, healthcare, or governmental organization. May be used for general elective credit only. Pass/Fail grading only. Maximum of three credits toward graduation requirements. Permission of Department Chairperson required.
ACC 498. Volunteer Income Tax Assistance. 1 Hour
Students participate in the Internal Revenue Service's Volunteer Income Tax Assistance program by completing training, passing a certification exam, and volunteering at a local nonprofit organization.
ACC 499. Independent Study in Accounting. 1-6 Hours
Individual research in accounting topics under the guidance and direction of an accounting faculty member. A formal, detailed proposal must be completed and approved by the Department Chairperson.
Prerequisites: Senior status in accounting; permission of Department Chairperson.