Major
Minor
Courses |
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Accounting is the language of business. Accounting provides
quantitative information, primarily financial in nature, about
economic entities that is intended to be useful in making economic
decisions. Accounting students become acquainted with the sources
and uses of financial information and develop the analytical ability
necessary to produce and interpret such information. The students
learn to observe economic activity; to select from that activity the
events which are relevant to a particular decision; to measure the
economic consequences of those events in quantitative terms; to
record, classify, and summarize the resulting data and to
communicate the information in various reports and statements to the
appropriate decisionmakers. Accounting students gain the
conceptual foundation and basic skills to begin a career in
accounting. There are many attractive career fields including public
accounting, industry, government, and non-profit organizations.
Accounting provides an excellent educational background for anyone
going into business. With the skills gained from accounting, the
student will have an appropriate background for such related careers
as financial services, computer science, management, industrial
engineering, law and others, or the ability to pursue graduate
education. Internships are available to give preparation to students
for careers after graduation. The major in accounting will assist
the student to prepare for several qualifying examinations in
accounting and finance such as Certified Public Accountant (CPA),
Certified Management Accountant (CMA), and Certified Financial
Analyst (CFA).
Major
Students pursuing a Bachelor of Science degree must complete the
following requirements with a grade of "C-" or higher:
ACC 230 Financial Accounting
ACC 231 Managerial Accounting
ACC 332 Intermediate Accounting I
ACC 333 Intermediate Accounting II
ACC 334 Cost and Managerial Accounting
ACC 335 Income Tax Accounting: Individuals
ACC 435 Advanced Accounting
ACC 437 Auditing
BUS 110 Business Law I
BUS 260 Principles of Management
BUS 310 Corporate Finance
BUS 350 Marketing
BUS 469 Strategic Management
ECO 121 Introduction to Economics
ECO 221 Intermediate Microeconomics
MAT 111 Statistics
MAT 121 Applied Calculus
Note: All upper–level (300 and 400) accounting courses
must be taken at Oglethorpe unless special permission is given by a
member of the accounting faculty.
In addition, the student must satisfy the Computer Applications
Proficiency Requirement. This can be done in one of three ways: 1)
by assessment of skills with the student’s academic advisor, 2) by
successful completion of Introduction to Computer Applications
Software, or 3) by successful performance on the computer
proficiency examination.
Beginning in 1998, new eligibility requirements adopted by the
Georgia State Board of Accountancy require at least 150 semester
hours of college study to qualify to take the CPA examination.
Included within the content of this minimum education standard is
the requirement to complete at least 30 semester hours of accounting
courses beyond Financial Accounting and Managerial Accounting and at
least 24 semester hours of education in business administration. For
those students whose objective is to qualify to take the CPA
examination, it is recommended that the following courses be
included in these additional required semester hours:
ACC 336 Income Tax Accounting:
Corporations, Partnerships, Estates, and Trusts
ACC 436 Accounting Control Systems
ACC 438 Accounting Theory
BUS 111 Business Law II
Minor
Students desiring to minor in accounting must complete five
courses: Financial Accounting and Managerial Accounting, and three
of any of the following with a grade of "C-" or higher:
ACC 332 Intermediate Accounting I
ACC 333 Intermediate Accounting II
ACC 334 Cost and Managerial Accounting
ACC 335 Income Tax Accounting: Individuals
ACC 435 Advanced Accounting The following courses are offered in Accounting:
| ACC 230. Financial Accounting |
4 hours |
This course is a study
of generally accepted accounting principles (GAAP) and other
accounting concepts with emphasis on their application in the
financial statements of business enterprises. The measurement
and reporting of assets, liabilities, and owners’ equity is
stressed, along with the related measurement and reporting of
revenue, expense, and cash flow. Prerequisite: Sophomore
standing or above or approval by the Director of Accounting
Studies.
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| ACC 231. Managerial Accounting |
4 hours |
This course is a study
of the use of accounting information by managers and decision
makers within an economic enterprise. Cost analysis for purposes
of planning and control is emphasized. Prerequisite: ACC 230.
|
| ACC 332. Intermediate Accounting
I |
4 hours |
This course covers
financial accounting topics at an intermediate level. The topics
covered are similar to Financial Accounting, but in greater
depth. The standards promulgated by the Financial Accounting
Standards Board are considered and evaluated. The theoretical
foundations of accounting are emphasized. Prerequisite: ACC 231.
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| ACC 333. Intermediate Accounting
II |
4 hours |
This is a continuation
of Intermediate Accounting I with emphasis on advanced topics
such as capitalized leases, pension costs, inter-period income
tax allocation and accounting changes. Prerequisite: ACC 332.
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| ACC 334. Cost and Managerial
Accounting |
4 hours |
This course provides an
introduction to the financial information required for the
managerial activities of planning, directing operational
activities, control, and decision making. The course includes
the study of the analytical techniques and methodologies used to
generate accounting information and the managerial use of
accounting information. The topics include cost behavior and
estimation, costing of products and services, cost-volume-profit
analysis, budgeting, relevant cost analysis, performance
evaluation, and pricing decisions. Prerequisite: ACC 231.
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| ACC 335. Income Tax Accounting:
Individuals |
4 hours |
This course provides an
overview of the federal income tax system primarily as it
relates to individuals. The study of the federal tax law
provides the necessary tax background for a variety of
accounting, financial, and managerial careers. Prerequisite: ACC
231.
|
| ACC 336. Income Tax Accounting:
Corporations, Partnerships, Estates, and Trusts |
4 hours |
This course is a study
of the federal income tax laws and related accounting problems
of corporations and partnerships, with some consideration of
estates and trusts. Consideration will be given to the role of
taxation in business planning and decision making and the
interrelationships and differences between financial accounting
and tax accounting. Prerequisite: ACC 335.
|
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ACC 430. Personal Financial Education |
2 hours |
This course is designed
to prepare students for a successful transition to life after
college. The course will focus on financial planning and
education. It will cover topics such as employer benefits, money
management, debt reduction, tax return preparation, insurance,
large asset purchases, and investing. Graded on a
satisfactory/unsatisfactory basis.
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| ACC 433. Independent Study in
Accounting |
1-4 hours |
Supervised research on
a selected topic. Prerequisite: Submission of a proposed outline
of study that includes a schedule of meetings and assignments
approved by the instructor, the division chair, and the Provost
and Senior Vice President prior to registration.
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| ACC 434. Internship in
Accounting |
1-4 hours |
An internship is
designed to provide a formalized experiential learning
opportunity to qualified students. The internship generally
requires the student to obtain a faculty supervisor in the
relevant field of study, submit a learning agreement, work 30
hours for every hour of academic credit, keep a written journal
of the work experience, have regularly scheduled meetings with
the faculty supervisor, and write a research paper dealing with
some aspect of the internship. Written work should total five
pages of academic writing for every hour of credit. An extensive
list of internships is maintained by the Career Services Office,
including opportunities at PricewaterhouseCoopers, Ernst and
Young, Deloitte and Touche, Georgia Pacific, and Miller, Ray,
and Houser. Graded on a satisfactory/unsatisfactory basis.
Prerequisites: Permission of the faculty supervisor and
qualification for the internship program.
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| ACC 435. Advanced Accounting |
4 hours |
This course is a study
of business combinations and the related problems of
consolidating the financial statements of affiliated
corporations. The accounting problems related to international
business are also covered and governmental accounting is
introduced. Prerequisite: ACC 333.
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| ACC 436. Accounting Control
Systems |
4 hours |
This course is an
in-depth study of the application of information systems
concepts to the accounting environment. Emphasis is on the
processing of data in a computerized environment as well as the
controls that are necessary to assure accuracy and reliability
of the data processed by an accounting system. Practical
implications of accounting information system design and
implementation will be investigated through the use of cases and
projects. Prerequisites: ACC 231 and CSC 240.
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| ACC 437. Auditing |
4 hours |
This course is a study
of auditing standards and procedures, including the use of
statistical and other quantitative techniques, and preparation
of audit working papers, reports, and financial statements.
Emphasis is placed upon the criteria for the establishment of
internal controls and the effect of these controls on
examinations and reports. Prerequisites: ACC 333 and MAT 111.
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| ACC 438. Accounting Theory |
4 hours |
This course covers the
principles and concepts of accounting at an advanced theoretical
level. The emphasis is on critical analysis of the ideas on
which accounting practice is based along with an appreciation
for the intellectual foundations for those ideas. Prerequisite:
ACC 333.
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| ACC 439. Special Topics in
Accounting |
4 hours |
| An intense study of
diverse accounting topics under the direct supervision of an
accounting faculty member. Prerequisite: Permission of the
instructor. |
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