COMPREHENSIVE
MAJOR: ACCOUNTING
(Code 720-006)
Objectives for
the Accounting Major
Accounting
majors subscribe to all of the BBA objectives. In addition, the following
are objectives specific to the Accounting major. Students will:
Functional
Knowledge
1. demonstrate
knowledge of the basic principles of financial, managerial, and cost
accounting.
2. demonstrate
a knowledge of the primary financial statements issued by U.S.
corporations.
3. demonstrate
knowledge of the analysis and interpretation of financial statements.
4. demonstrate
knowledge of the application of technology to the solution of accounting
problems.
5. demonstrate
a knowledge of the basic principles and applications of taxation in the
U.S.
6. demonstrate
a knowledge of the basic structure and principles of ac- counting systems.
7. develop an
understanding of other areas of accounting (e.g., Governmental and
Not-For-Profit, Auditing) or a more in depth understanding of basic areas
of accounting through additional elective course- work.
8. develop an
understanding of the importance of ethics in the accounting profession.
9. be able to
recognize the social impact of accounting transactions.
10. develop an
understanding of the role of accounting in a global economy.
11. understand
the legal and regulatory environment in which financial accounting and
reporting take place.
Adaptability
1. demonstrate
the ability to identify central issues and assumptions inan argument.
2. be able to
evaluate evidence or authority.
3. demonstrate
the ability to use multiple problem solving techniques,
including the use of relevant technology.
4. be able to
demonstrate the ability to synthesize complex information to solve
problems.
5. develop an
understanding of and appreciation for cultural, racial, and gender
differences in business contexts.
Communication
Skills
1. be able to
articulate one’s view in a logical and persuasive manner.
2. be able to
write convincingly, logically, and concisely.
3. demonstrate
the ability to make effective oral presentations and arguments.
Teamwork
1. demonstrate
the ability to work as a member of a group to accomplish goals.
This major
provides an all-inclusive program which will enable the graduate to pursue
entry level accounting positions. Graduates with this major are eligible
to take the examinations for the Certified Management Accountant (CMA) and
Certified Internal Auditor (CIA) designations.
In order to
take the Certified Public Accountant (CPA) exam in Wisconsin after January
1, 2001, a graduate must have 150 credits which include an accounting
major. Forty-seven other jurisdictions also have laws requiring 150
credits in order to take the CPA exam.
Many employers
of entry level accountants may, in the future, require 150 credits of
accounting coursework, including an accounting major. Students should work
closely with their faculty advisers to determine the best course of study
to reach their educational and career goals.
NOTE 1: A
grade of C- (C minus) or higher in all accounting and finance classes
taken as electives is required.
NOTE 2: Acct
312 CANNOT be taken by accounting majors.
NOTE 3: It is
recommended that students obtain the Advanced Business Communication
Certificate. See the University Catalogue or your adviser for details.
NOTE 4: All
candidates for the baccalaureate degree must satisfactorily complete 30 or
more hours of curricular, extracurricular, or co-curricular
service-learning. At least one-half of this can be achieved through
participation in the Volunteer Income Tax Assistance program administered
by the Student Accounting Society/Beta Alpha Psi. Other opportunities
exist to receive service-learning credits through the Student Accounting
Society/Beta Alpha Psi and some accounting classes. Students may earn
credit for service-learning projects through Acct 210. See your adviser
for details.
NOTE 5:
Forty-eight states and jurisdictions have adopted laws requiring 150
semester credits of university coursework, including an accounting degree,
to sit for the CPA exam. The 150 hour law in Wisconsin is effective
January 1, 2001. We strongly encourage students to complete one of the
department’s 150-hour programs. For more information, see your adviser
or the department chair.
Sixty semester
credits, including the BUSCORE (32 credits); Accounting Foundation Courses
(Acct 301, 302, 314, 315, 321, 450, and 460); plus additional requirements
as described on the following page.
| Selected
Requirements |
Choose
two courses from:
Acct 401
Acct 413
Fin 326
Fin 327 |
| Accounting/Finance
Elective |
Minimum
three credits from:
Acct 317 Acct 415
Acct 323 Fin 322
Acct 334 Fin 421 |
| Internship
(optional) |
one
- three credits |
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150-HOUR
REQUIREMENT
Forty-eight
states and jurisdictions, including Wisconsin, have adopted legislation
that will require 150 semester hours of university credit in order to sit
for the CPA examination. Wisconsin’s 150-hour law becomes effective
January 1, 2001. The law states that beginning with the May 2001 CPA exam,
150 credits of college or university courses which include an Accounting
major or its equivalent will be required in order to sit for the exam in
Wisconsin.
In order to
prepare accounting students to meet the requirements of current and
proposed legislation, the University offers two options: (1) the MBA
Program and (2) the 150-Hour BBA/Certificate Program.
MBA PROGRAM
Students can
meet the 150-hour requirement by completing the MBA degree. The MBA is
designed to allow accounting students to complete an undergraduate and a
graduate degree in five years. Organized in a modular format, the MBA can
be started in the last semester of the undergraduate program. Additional
information about the MBA is available in the Graduate Catalogue or from
the MBA Office (Schneider 309).
150-HOUR BBA/CERTIFICATE
PROGRAM
Students can
meet the 150-hour requirement by completing the BBA degree plus 30
additional semester hours. This option is designed to provide breadth of
knowledge in the accounting foundation courses and depth of knowledge in
specialized areas of accounting as well as breadth of knowledge in other
business disciplines. This option provides course- work which emphasizes
communication, critical thinking, and analytical skills. Accounting
students should consult with their advisers to determine which of the
150-hour options is best designed to help them reach their educational and
career goals.
Objectives for
the 150-hour BBA/Certificate Program
Students in
the 150-hour BBA/Certificate Program will be able to achieve the BBA and
accounting major objectives. In addition, the following objectives apply
to the Certificate Program:
Functional
Knowledge
1. demonstrate
a more in-depth knowledge of the principles of accounting.
2. demonstrate
the ability to integrate knowledge of the various areas of accounting to
solve complex accounting and business problems.
3. develop a
broader understanding of the functions of finance, management, marketing,
and information systems in a business.
Adaptability
1. understand
how changes in the business environment impact the various areas of
accounting.
2. be able to
analyze and research problems in a business from the accounting point of
view.
3. be able to
analyze current issues in accounting.
Communications
Skills
1. demonstrate
proficiency in oral and written communications skills needed by a
professional accountant.
2. attain the
Advanced Business Communication Certificate.
Teamwork
1. demonstrate
proficiency in working as a member of a team to solve complex problems and
accomplish goals.
NOTE 1: A
grade of C- or higher in all accounting courses, and a 2.50 GPA in all
accounting courses as well as in all business and economics courses
combined, is required at the beginning or upon completion of the last
term.
NOTE 2: Acct
312 CANNOT be taken by accounting majors.
NOTE 3:
Students are required to obtain the Advanced Business Communication
Certificate. See the University Catalogue or your adviser for details.
NOTE 4: All
candidates for the baccalaureate degree must satisfactorily complete 30 or
more hours of curricular, extracurricular, or co-curricular
service-learning. At least one-half of this can be achieved through
participation in the Volunteer Income Tax Assistance program administered
by the Student Accounting Society/Beta Alpha Psi. Other opportunities
exist to receive service-learning credits through the Student Accounting
Society/Beta Alpha Psi and some accounting classes. Students may earn
credit for service-learning projects through Acct 210. See your adviser
for details.
NOTE 5:
Forty-eight states and jurisdictions have adopted laws requiring 150
semester credits of university course work, including an accounting
degree, to sit for the CPA exam. The 150 hour law in Wisconsin is
effective January 1, 2001. We strongly encourage students to complete one
of the department’s 150 hour programs. For more information, see your
adviser or the department chair.
Sixty semester
credits to receive the BBA degree, plus an additional thirty semester
credits to receive the 150-hour certificate, including the BUSCORE (32
credits) and the requirements described below.
Major
course requirements
(28 credits) to receive BBA |
Acct
301
Acct 302
Acct 314
Acct 315
Acct 321
Acct 401
Acct 413
Acct 450
Acct 460
Acct/Fin elective (three credits to be selected from Acct 317,
323, 334, 415,
Fin 322 |
| Additional
accounting/finance electives (six credits) |
Six
credits to be chosen from:
Acct 317
Acct 323
Acct 334
Acct 415
Fin 322 |
| Selected
requirements |
Acct
402
Advanced Business
Communication
Certificate
(four
credits)
Mktg 337
Bsad 306
Additional Business Courses
(nine
credits - one
course must be
selected from each of
the listed areas)
Finance: 326, 327, 421, 429
Management: 342, 349, 414,
441, 446
Info Systems: BTel 245,
MIS 310, CS 163 |
| Internship
(optional) |
one
- three credits |
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MINOR:
ACCOUNTING
(Code 720-403)
Twenty-four
semester credits including Acct 201, 202, 301, 312 or 314, 320 or 321. The
remaining credits selected from other accounting courses and/or Fin 327.
The minor has been designed to provide a general understanding of
accounting and its role in society.
NOTE 1: A 2.0
or better GPA in courses counting toward a minor is required.
NOTE 2:
Students selecting this minor must satisfy the College of Business
admission requirements prior to enrollment in 300/400 numbered courses in
the College of Business.
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COMPREHENSIVE
MAJOR: BUSINESS FINANCE
Objectives for
the Finance Major
In addition to
all the BBA objectives, Finance majors also meet the specific objectives
listed below. Students will:
Functional
Knowledge
1. have an
understanding of modern working capital management.
2. have an
understanding of the issues and skills involved in evaluating long-term
investments and their financing.
3. have an
understanding of the global nature of the financial environment.
4. have an
understanding of the various components of the financial system.
5. have an
understanding of the basics of investing.
6. have an
understanding of the importance of ethics in the finance profession.
Adaptability
1. be able to
analyze a firm’s financial statements, identify its strengths and
weaknesses, and develop strategies/policies to retain strengths and/or to
improve weaknesses.
2. be able to
evaluate investments and select the appropriate ones to maximize
stockholders’ wealth under various possible scenarios.
3. be able to
determine the best long-term financing alternatives given the dynamic
nature of the firm, markets, and economy.
4. be able to
identify and proact to the implications of currency and political risks
associated with international transactions and investments.
5. be able to
identify the basic characteristics of and assign a fair value to the
common investment instruments traded in financial markets.
6. be able to
recognize the significance of financial derivative assets.
7. be able to
understand how a firm can achieve its management objectives given the
legal and regulatory structure under which firms operate.
Communication
Skills
1. be able to
articulate their ideas in a logical and persuasive manner.
2. be able to
organize their thoughts and express them in good writing style.
3. be able to
deliver their presentations in a professional fashion.
Teamwork
1. be able to
make a positive contribution in accomplishing the goals of their groups.
Objectives for
the Finance Major in the General Finance Emphasis
Students in
the General Finance emphasis shall achieve the BBA and Finance major
objectives. The following functional objectives also apply to students in
the emphasis. Students will:
Functional
Knowledge
1. be able to
demonstrate knowledge in two additional areas in accounting. The courses
that students take will determine the two areas.
2. be able to
demonstrate knowledge in two additional areas related to finance. The
elective courses that students take will determine the two areas.
Objectives for
the Finance Major in the Corporate Finance Emphasis
Students in
the Corporate Finance emphasis shall achieve the BBA and finance major
objectives. The following functional objectives also apply to students in
the emphasis. Students will:
Functional
Knowledge
1. be able to
demonstrate a knowledge of the principles of cost accounting.
2. also
accomplish one of the following:
A.
demonstrate a knowledge of the issues and procedures related to personal
and business taxes.
OR
B.
demonstrate a knowledge of the accounting issues involved with the long
term liabilities of the firm.
3. be able to
demonstrate knowledge in two additional areas related to financial
management of a corporation. The elective courses that students take will
determine the two areas.
Objectives for
the Finance Major in the Financial Services Emphasis
Students in
the Financial Services emphasis shall achieve the BBA Finance major
objectives. They will also accomplish the functional objective related to
professional sales and, depending on the area of specialization, one of
the four following functional objectives: banking, financial planning,
insurance, and investment. Students will:
Functional
Knowledge
1. demonstrate
an understanding of the skills and issues related to professional selling.
2. demonstrate
a knowledge of the issues and procedures related to personal and business
taxes.
3. demonstrate
a knowledge of the accounting issues involved with the long term
liabilities of the firm.
4. also
accomplish one of the following:
A.
demonstrate a knowledge of the issues involved in managing a bank.
[Banking Specialization]
OR
B.
understand the basics of, and interrelationship among, the five core
components of financial planning. [Financial Planning Specialization]
OR
C.
demonstrate an understanding of the different categories of insurance
and the basic issues of risk management. [Insurance Specialization]
OR
D. have an
understanding of different security pricing models and portfolio
selection procedures. [Investment Specialization]
While the
general Finance emphasis provides general knowledge in the area, students
with specific career plans may select the more focused study provided by
the Corporate Finance (Code 800-001) or Financial Services (Code 800-004)
emphases.
Sixty semester
credits, including the BUSCORE (32 credits); the Finance Foundation
Courses (Fin 322, 326, 327, and 421); plus additional requirements which
are specific to the emphasis selected by the student as described on the
following table.
| |
Finance
(800-000) |
Corporate
Finance
(800-001) |
Financial
Services
(800-004) |
Required
Accounting
Courses |
Minimum
six
credits from:
Acct 301, Acct 314
Acct 302, Acct 321,
Acct 450 |
Acct
314,
Acct 450
And one of:
Acct 301,
Acct 302,
Acct 321 |
Acct
321
Acct 450 |
Additional
Required
Finance
Courses |
|
|
Minimum
three credits
from:
Fin 371,
Fin 425,
Fin 424,
Fin 429 |
Required
Marketing
Courses |
|
|
Mktg
337 |
Finance
Elective
Courses |
Minimum
six addt’l credits from (incl. at least one finance elective
course):
Fin 325, 371, 424, 425, 426, 429;
Acct 401;
Mgmt 414;
Mktg 337;
Econ 318 |
Minimum
six addt’l credits from (incl. at least one finance elective
course):
Fin 325, 371, 424, 426;
Acct 301, 401;
Mgmt 414;
Econ 318 |
Minimum
addt’l
three credits from:
Fin 371, 424, 425, 426, 429;
Acct 301, 401;
Econ 318 |
Addt’l
Credits 300 level or above
to Complete
60 Credits |
Four
credits |
Four
credits |
One
credit |
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MINOR:
BUSINESS FINANCE (Code 800-401)
Twenty-seven
semester credits, including Acct 201, 202; Econ 103, 104; Fin 320; Math
245; MIS 240; and six credits from Fin 322, 325, 326, 327, 371, 420, 421,
424, 425, 426.
Note: Students
selecting this minor must satisfy the College of Business admission
requirements prior to enrollment in 300/400 numbered courses in the
College of Business.
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