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Programs offered:
B.S. in Accounting
B.B.A. in Accounting
Minor in Accounting (TU)
Minor in Accounting (EDP)
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 business and 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 users and decision-makers.
Accounting students gain the
conceptual foundation and basic professional 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, management, industrial
engineering, law and others or the ability to pursue graduate
education. Internships are available to help prepare students
for an accounting career 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
B.S. in Accounting
1. The program has a mathematics proficiency requirement which can be fulfilled in either of two ways:
a. by achieving a score of 4 or 5 on the Advanced Placement Calculus AB or Calculus BC examination, or
b. by earning a grade of “C-“ or better in MAT 121 Applied Calculus or MAT 131 Calculus I. Students satisfying the mathematics proficiency requirement in this manner should take the mathematics placement examination (see Sec. 5.4.1. and Sec. 5.4.3.) no later than the start of their first semester at Oglethorpe to ensure the requirement and any prerequisites it demands have been satisfied prior to enrolling in BUS 310 Corporate Finance.
2. Completion of all the following courses:
ACC 230 Financial Accounting
ACC 231 Managerial Accounting ACC 240 Business Law
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 260 Principles of Management
BUS 310 Corporate Finance
BUS 350 Marketing
BUS 469 Strategic Management
CSC 101 Spreadsheets and Databases
ECO 120 Principles of Microeconomics
ECO 122 Principles of Macroeconomics
MAT 111 Statistics
3. Additional requirements and things to note:
a. A grade of “C-” or better is required in all courses contributing to the major.
b. All upper level Accounting courses must be taken at Oglethorpe unless special permission is given by a member of the Accounting faculty.
c. No upper level courses taken in completion of the major can be used towards any other major or minor offered within the division of economics and business administration.
d. For Accounting majors who are interested in qualifying to take the C.P.A. exam, and particularly if the student ultimately intends to qualify for a C.P.A. license after passing the C.P.A. exam, there is considerable additional coursework required above and beyond that needed for the Accounting major. All such students are strongly urged to consult with a full-time member of the Accounting faculty early enough in the student’s career to plan appropriately.
B.B.A. in Accounting
The requirements are identical to those for the B.S. in Accounting (see above).
Minor
Minor in Accounting (TU)
1. Completion of all the following courses:
ACC 230 Financial Accounting
ACC 231 Managerial Accounting
ACC 332 Intermediate Accounting I
ACC 333 Intermediate Accounting II
2. Completion of one additional upper level Accounting course.
3. Additional requirements and things to note:
a. A grade of “C-” or better is required in all courses contributing to the minor.
b. All upper level Accounting courses must be taken at Oglethorpe unless special permission is given by a member of the Accounting faculty.
c. No upper level courses taken in completion of the minor can be used towards any other major or minor offered within the division of economics and business administration.
Minor in Accounting (EDP)
The requirements are identical to those for the Minor in Accounting (TU) (see above).
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.
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| 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.
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| 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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