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 seven 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 or MBA, ACC 408 may be waived and replaced by ACC 603A. ACC 401, 408, 420 and 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 "B-" in ACC 207 and ACC 208. 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 and minors, foreign exchange opportunities, and requirements for professional examinations (e.g., CPA).
For students who entered in the 2020-2021 or 2021-2022 Academic Years, ACC 305 will be offered as a 3 credit hour course beginning in Fall 2022, and ACC 401 and ACC 420 will be offered as 3 credit hour courses beginning Fall 2023. For students entering prior to the 2020-2021 Academic Year, ACC 401 and ACC 420 will be offered as 4 credit hour courses until Fall 2023. These changes are due to the revisions to the CPA Examination beginning in January 2024.
Regarding honors credit, the Department of Accounting policy is not to offer upper level ACC courses for honors credit. Exceptions will be rare and only considered if a student can document that he/she was unable to complete ACC 207 honors and ACC 208 honors due to an unavoidable scheduling conflict.
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
Tim Keune, Chairperson
Professors Emeriti: Burrows, Castellano, Clark, Eley, Fioriti, Greenlee, Roehm, Rosenzweig
Professor and Mahrt Chair in Accounting: Street
Associate Professors: Archambeault, M. Keune, T. Keune, Ramamoorti, Webber
Assistant Professors: Calvin, Farnsel, Holt, Neuman
Lecturers: Holland, Waizmann
Senior Lecturers: Parker, Stangel
Bachelor of Science in Business Administration, Accounting (ACC) minimum 125 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 (e.g., Capstone and Diversity and Social Justice). 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 | 12 cr. hrs. | |
Introduction to Global Historical Studies | ||
Introduction to Religious and Theological Studies | ||
Introduction to Philosophy | ||
Writing Seminar I 3 | ||
Second-Year Writing Seminar 4 | 0-3 cr. hrs. | |
Writing Seminar II | ||
Oral Communication | 3 cr. hrs. | |
Principles of Oral Communication | ||
Mathematics | 3 cr. hrs. | |
Social Science | 3 cr. hrs. | |
Social Science Integrated | ||
Arts | 3 cr. hrs. | |
Natural Sciences 5 | 7 cr. hrs. | |
Crossing Boundaries | up to 12 cr. hrs. | |
Faith Traditions | ||
Practical Ethical Action | ||
Inquiry 6 | ||
Integrative | ||
Advanced Study | ||
Philosophy and/or Religious Studies (6 cr. hrs.) | ||
Historical Studies (3 cr. hrs.) 7 | ||
Diversity and Social Justice 8 | 3 cr. hrs. | |
Major Capstone 9 | 0-6 cr. hrs. |
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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.
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May be completed with ASI 110 and ASI 120 through the Core Program.
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Must include two different disciplines and at least one accompanying lab.
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U.S. History AP and CLEP credit will not satisfy this requirement.
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May be completed with ASI 110 and ASI 120 through the Core Program. U.S. History AP and CLEP credit will not satisfy this requirement.
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May not double count with First-Year Humanities Commons, Second-Year Writing, Oral Communication, Social Science, Arts, or Natural Sciences CAP components, but may double count with courses taken to satisfy other CAP components and/or courses taken in the student's major.
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The course or experience is designed by faculty in each major; it may, or may not, be assigned credit hours.
SBA Core Curriculum 1 | ||
ACC 207 | Introduction to Financial Accounting | 3 |
ACC 208 | Introduction to Managerial Accounting | 3 |
BIZ 101 | Business Education Planning 2 | 1 |
BIZ 103 | Develop Your Vocation and Career Flight Plan 3 | 1 |
BIZ 201 | Introduction to Business | 3 |
BIZ 202 | Career Flight Takeoff 4 | 1 |
BIZ 301 | Successfully Navigating Your Career Flight Plan | 1 |
DSC 210 | Statistics for Business I 5 | 3 |
or BAN 210 | Statistics for Business I | |
DSC 211 | Statistics for Business II 5 | 3 |
or BAN 211 | Statistics for Business II | |
ECO 203 | Principles of Microeconomics | 3 |
ECO 204 | Principles of Macroeconomics | 3 |
ENG 370 | Report & Proposal Writing | 3 |
or ENG 371 | Technical Communication | |
or ENG 372 | Business and Professional Writing | |
FIN 301 | Introduction to Financial Management | 3 |
MGT 201 | Legal Environment of Business | 3 |
MGT 301 | Organizational Behavior | 3 |
MGT 490 | Managing the Enterprise | 3 |
MTH 128 | Finite Mathematics | 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 |
REL 368 | Christian Ethics & the Business World | 3 |
or PHL 313 | Business Ethics | |
ECO elective (300/400 level) | 3 | |
BWISE requirement | 0 |
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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.
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Requirement is waived for students who transfer from other universities.
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Requirement is waived for students who transfer from other universities with more than 45 credit hours.
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Requirement is optional for students who transfer from other universities with more than 45 credit hours.
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Course offerings will transition from DSC to BAN no earlier than Fall 2024.
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 | ||
Accounting for Community 2 | ||
Advanced Accounting Data Analytics 2 | ||
Financial Reporting and Analysis 2 | ||
Total Hours | 24 |
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Requires a minimum grade of 'C'
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Requires a minimum grade of 'C-'
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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
Minor in Accounting (ACC)
Accounting (business majors) | ||
ACC 305 | Intermediate Financial Accounting I 3 | 3 |
ACC 306 | Intermediate Financial Accounting II 3 | 3 |
Select two ACC electives 1 | 6 | |
Total Hours | 12 | |
Accounting (non-business majors) | ||
ACC 207 | Introduction to Financial Accounting | 3 |
ACC 208 | Introduction to Managerial Accounting 2 | 3 |
ACC 305 | Intermediate Financial Accounting I 3 | 3 |
ACC 306 | Intermediate Financial Accounting II 3 | 3 |
Select two ACC electives | 6 | |
Total Hours | 18 |
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In consultation with the department chairperson.
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Prerequisite must be taken.
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Requires a minimum grade of 'C'
First Year | |||
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Fall | Hours | Spring | Hours |
BIZ 101 | 1 | BIZ 103 | 1 |
CMM 100 | 3 | BIZ 201 | 3 |
ECO 203 | 3 | ECO 204 | 3 |
MTH 128 | 3 | ENG 100 | 3 |
PHL 103 | 3 | HST 103 | 3 |
REL 103 | 3 | MTH 129 | 3 |
16 | 16 | ||
Second Year | |||
Fall | Hours | Spring | Hours |
BIZ 202 | 1 | ACC 208 | 3 |
ACC 207 | 3 | MKT 301 | 3 |
ENG 200 | 3 | DSC 211 or BAN 211 | 3 |
MGT 201 | 3 | SSC 200 | 3 |
DSC 210 or BAN 210 | 3 | CAP Natural Science & Lab | 4 |
CAP Natural Science | 3 | ||
16 | 16 | ||
Third Year | |||
Fall | Hours | Spring | Hours |
ACC 303 | 3 | BIZ 301 | 1 |
ACC 305 | 3 | ACC 306 | 3 |
MIS 301 | 3 | ACC 341 | 3 |
FIN 301 | 3 | MGT 301 | 3 |
CAP Arts Study | 3 | OPS 301 | 3 |
CAP Advanced Historical Studies | 3 | ||
15 | 16 | ||
Fourth Year | |||
Fall | Hours | Spring | Hours |
ACC 401 | 3 | ACC 420 | 3 |
ACC 408 | 3 | ACC Elective(C- or higher) | 3 |
ENG 372 | 3 | CAP Diversity & Social Justice | 3 |
MGT 490 | 3 | ECO Elective | 3 |
PHL 313 or REL 368 | 3 | CAP Faith Traditions/Advanced Philosophy/Religious Studies | 3 |
15 | 15 | ||
Total credit hours: 125 |
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 207.
ACC 207. Introduction to Financial Accounting. 3 Hours
Introduction to financial accounting concepts, procedures, and terminology. The accounting framework for recording transactions and reporting to parties external to the organization.
ACC 208. Introduction to Managerial Accounting. 3 Hours
Management use of accounting data in planning and controlling organization activities; cost accounting and analysis of data for management decision making.
Prerequisite(s): ACC 207, BIZ 201 for business majors, BIZ 200 for non-business majors.
ACC 303. Managerial Accounting. 3 Hours
The production, dissemination, and interpretation of financial and nonfinancial information for use within an organization. Information for planning, decision making, and control. Study of typical cost accounting systems in various organizations.
Prerequisites: ACC 207, ACC 208, with minimum grades of 'B-' 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 207, ACC 208, with minimum grades of 'B-' 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 305 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 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 corporate responsibility 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 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.
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 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 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.