University of Dayton
Academic Catalog 2013-14

Accounting

Major:

Minor:

The mission of the Department of Accounting is to prepare our students for successful professional careers by providing high quality educational programs in accounting within an environment that connects learning, scholarship, leadership, and service creating distinctive graduates able to add value to employers, clients, and society.

In addition to other requirements, an accounting major must earn credit in seven upper-level accounting courses. Six specific courses are required:ACC 303, ACC 305, ACC 306, ACC 341, ACC 401, and ACC 420. One additional accounting course is typically required but may be waived for students electing to complete a combined BSBA with a major in accounting and an MBA or completing a second major.  All upper-division accounting courses require a minimum grade of "C" in all prerequisite accounting courses, except that ACC 303 and ACC 305 require a minimum of "C+" in ACC 207 and ACC 208.  Students should consult with their academic advisor about selecting accounting and other elective courses appropriate to particular career goals. Students should also consult their advisor or the chairperson about opportunities for professional work-experience, double majors and minors, foreign exchange opportunities, and requirements for professional examinations (e.g., CPA).

Students may complete a 150 semester hour program required to become a CPA in Ohio and numerous other states. The MBA program, with an optional concentration in accounting, is particularly useful in this regard. Our integrated BSBA/MBA program allows for the completion of both degrees, plus professional work experience, foreign exchange experience and a second major or minor, in five years. Consult the department chairperson or an advisor for more information.

Faculty

Donna Street, Chairperson
Professors Emeriti: Clark, Eley, Fioriti, Geary, Roehm, Rosenzweig
Mahrt Chair in Accounting: Donna Street
Professors: Castellano, Street
Associate Professors: Archambeault, Brady, Burrows, Greenlee
Assistant Professors: Webber
Lecturers: Fedders, Prevish, Rogero, Shankar

Bachelor of Science in business administration with a major in Accounting (ACC) minimum 124 credit hours

Common Academic Program (CAP)
*credit hours will vary depending on courses selected
First-Year Humanities Commons 112
The West & the World
Introduction to Religioius & Theological Studies
Introduction to Philosophy
Writing Seminar I 2
Second-Year Writing Seminar 30-3
Writing Seminar II
Oral Communication 3
Principles of Oral Communication
Mathematics 3
Social Science3
Arts3
Natural Sciences7
Crossing Boundariesvariable credit
Faith Traditions
Practical Ethical Action
Inquiry
Integrative
Advanced Studyvariable credit
Philosophy and/or Religious Studies
Historical Studies
Diversity and Social Justice3
Major Capstone0-3

1

 Completed with ASI 110 and ASI 120.

2

Or ENG 100A and ENG 100B, or ENG 200H, by placement.

3

 Completed with ENG 200H or ASI 120.


 

SBA Core Curriculum
ACC 207Intro-Financial Acc3
ACC 208Intro-Managerial Acc3
BAI 150Bus Educ Planning1
BAI 103LBus Computing Lab1
BAI 151Bus Integratn Exp1
DSC 210Stats For Bus I3
DSC 211Stats For Bus II3
ECO 203Prin of Microecon (Satisfies CAP Social Science)3
ECO 204Prin of Macroecon3
ENG 370Rprt&Proposal Wrtng (Satisfies CAP Inquiry)3
or ENG 371 Technical Commnicatn
or ENG 372 Business Commicatn
FIN 301Intro to Financial Mgt3
MGT 201Legal Envirnmt-Bus3
MGT 301Organiztnl Behavior3
MGT 490Managing the Entrpse (Satisfies CAP Integrative)3
MTH 128Finite Math3
MTH 129Calc for Business (Satisfies CAP Mathematics)3
MIS 301Info Sys in Org3
MKT 301Prin of Marketing3
OPS 301Survy-Oper&Supply Mgt3
PHL 313Business Ethics (Satisfies CAP Practical Ethical Action and Adv Studies in PHL/REL)3
or REL 368 Practical wisdom in the business world
ECO elective (300/400 level)3
Social Science elective (ANT, POL, PSY, SOC)3

 

Major Requirements24
ACC 303Managerial Accountng3
ACC 305Intrm Financial ACC I4
ACC 306Intrm Financl Acc II3
ACC 341Acc Informtn Sys I3
ACC 401Auditing Principles4
ACC 420Federal Income Taxtn4
ACC 497Professional Wk Expr (Satisfies CAP Major Capstone)3
ACC elective (May be waived for students electing to complete a combined B.S. with a major in accounting and an MBA, or completing a second major. Consult an advisor or the chair of the department for details.)3
Academic Electives that total at least 124 credits

Minor in Accounting (ACC)

Accounting
ACC 207Intro-Financial Acc3
ACC 208Intro-Managerial Acc3
ACC 305Intrm Financial ACC I4
ACC 306Intrm Financl Acc II3
Select two ACC electives 16-8
Total Hours19-21

1

In consultation with the department chairperson.


First YearHours
CAP First Year Humanities Commons12
BAI 1501
BAI 1511
BAI 103L1
MTH 1283
MTH 129 (Satisfies CAP Mathematics)3
CMM 100 (Satisfies CAP Oral Communication)3
CAP components10
 34
Second YearHours
CAP Second Year Writing Seminar3
CAP Social Science3
ACC 2073
ACC 2083
DSC 2103
DSC 2113
ECO 2033
ECO 2043
MGT 2013
CAP components3
 30
Third YearHours
FIN 3013
MGT 3013
MIS 3013
MKT 3013
OPS 3013
ENG 370, 371, or 372 (Satisfies CAP Inquiry )3
ACC 3033
ACC 3054
ACC 3063
CAP Components and/or General Electives3
 31
Fourth YearHours
MGT 490 (Satisfies CAP Integrative )3
PHL 313 or REL 369 (Satisfies CAP Practical Ethical Action and Adv Studies in PHL/REL)3
ECO upper level elective3
ACC 3413
ACC 4014
ACC 4204
ACC 497 ( Satisfies CAP Major Capstone)3
CAP Components and/or General Electives6
 29
Total credit hours: 124

Courses

ACC 200. Introduction to Accounting. 3 Hours

Introduction to primarily financial and secondarily 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. Prerequisite(s): Sophomore standing or permission of department chairperson.

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. Corequisite(s): BAI 103L.

ACC 300A. Principles of Financial Accounting. 1.5 Hour

An introduction to the concepts and procedures underlying financial accounting and financial statements, and the use of financial accounting information for decision making. Credit may not be earned for both ACC 300A and either ACC 200 or ACC 207. Prerequisite(s): Engineering major; sophomore standing; permission of department chairperson.

ACC 300B. Principles of Managerial Accounting. 1.5 Hour

An introduction to the concepts underlying the preparation and use of accounting data by managers as they plan, control, and make decisions within an organization. Credit may not be earned for both ACC 300B and ACC 208. Prerequisite(s): ACC 300A; engineering major; sophomore standing; permission of department chairperson.

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. Prerequisite(s): (ACC 207, ACC 208, with mimimum grades of 'C+'; junior standing) or permission of department chairperson.

ACC 305. Intermediate Financial Accounting I Part I. 4 Hours

Part I (part II in ACC 306) of a comprehensive treatment of financial accounting concepts, principles, and procedures used in the preparation and analysis of financial statements. Prerequisite(s): (ACC 207, ACC 208, with minimum grades of 'C+'; junior standing) or permission of department chairperson.

ACC 306. Intermediate Financial Accounting II Part II. 3 Hours

Part II of comprehensive treatment of financial accounting concepts, principles, and procedures used in the preparation and analysis of financial statements. Prerequisite(s): ACC 305 with a minimum grade of 'C'.

ACC 341. Accounting Information Systems I. 3 Hours

Study of designs of accounting systems, including their impact on management decision making and control. Emphasis on (1) a systems approach to the flow of data, (2) system internal control, and (3) computer applications in accounting. Prerequisite(s): ACC 305 with a minimum grade of 'C'; (MIS 301 or permission of department chairperson).

ACC 401. Auditing Principles. 4 Hours

Study of the concepts, standards, and procedures used to judge and report on the degree of correspondence between quantifiable information and established criteria; the ethical, regulatory, and professional responsibilities of the auditor and introduction to internal, operational, and governmental auditing. Prerequisite(s): ACC 306 with a minimum grade of 'C'; ACC 341 with a minimum grade of 'C'.

ACC 404. Advanced Strategic Cost Management. 3 Hours

Study of processes focused on strategic cost management. Topics include balanced scorecards, activity-based costing management, target costing, lean accounting, six sigma, environmental accounting, and performance measurement and control systems. Prerequisite(s): (ACC 303; OPS 301) with a minimum grade of 'C'.

ACC 408. Advanced Financial Accounting. 3 Hours

Study of consolidated financial statements and accounting for business combinations, government organizations, multinational subsidaries, and foreign currency transactions. Selected IFRS issues are integrated into the course. Prerequisite(s): ACC 306 with a minimum grade of C or permission of department chairperson.

ACC 412. International Accounting. 3 Hours

Introduction to issues of international business as they relate to accounting; accounting practices in selected countries, and activities of the International Accounting Standards Board. Prerequisite(s): ACC 305 or permission of department chairperson.

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 or permission of instructor.

ACC 412B. International Accounting. 3 Hours

Study of current topics in international accounting. This course will typically include a week or more of study outside of the U.S. that will include lectures and relevant site visits. In addition to normal tuition, there may be travel and other costs and fees. Foreign locations, countries, topics, and duration may vary. Prerequisite(s): ACC 306 or permission of instructor.

ACC 412C. International Accounting-IFRS Certificate and Research. 3 Hours

This class includes a comprehensive study of International Financial Reporting Standards (IFRS). Students will complete the Institute of Chartered Accountants in England and Wales' (ICAEW) IFRS learning and assessment program and upon successful completion earn an IFRS certificate from this globally recognized professional accountacy body. Prerequisite(s): ACC 408 or permission of the instructor. Effective Fall 2013: minimum 3.0 cummulative and major gpa required.

ACC 412D. International Accounting-IFRS Certificate and Research. 3 Hours

This class is for NON-UD degree seeking students. The class includes a comprehensive study of International Financial Reporting Standards (IFRS). Students will complete the Institute of Chartered Accountants in England and Wales' (ICAEW) IFRS learning and assessment program and upon successful completion earn an IFRS certificate from this globally recognized professional accountacy body. Prerequisite(s):ACC 408 or permission of instructor.

ACC 420. Federal Income Taxation. 4 Hours

Study of federal income tax laws and their application to individuals, partnerships, and corporations. Develop research techniques for federal income tax issues as they relate to preparation of federal individual income tax preparation. The historical, social, economic, and political influence on taxation laws are emphasized. Consideration is given to legal, moral, business, and personal factors involved in taxation. Prerequisite(s): 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 possible tax reform. The course provides an introduction to several advanced taxation topics including tax exemption organizations, state and local taxation, international taxation and estate and gift taxation. Prerequisite(s): ACC 420 or permission of instructor.

ACC 441. Accounting Information Systems II. 3 Hours

Examination of accounting systems with exposure to systems design and evaluation, complex spreadsheet applications, decision support systems, and data base management applications. Prerequisite(s): ACC 341 or permission of instructor.

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. 1-6 Hours

Supervised accounting work experience in association with a participating public accounting, industrial, commercial, educational, health-care, or governmental organization. May be used for general elective credit only. Option two grading only. Maximum of three credits toward graduation requirements. Permission of 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 chair. Prerequisite(s): Senior status in accounting; permission of department chairperson.