Accounting B.S.

The undergraduate accounting program is committed to preparing students to apply accounting and business knowledge in organizations.  Students develop competence in a broad range of accounting practices. The curriculum strives to foster critical thinking and problem-solving skills. Students are prepared to enter professional positions in accounting with business, nonprofit, or government organizations. Accounting programs in the School of Business Administration hold separate AACSB International accreditation.

See the School of Business Administration section of the catalog for additional credit restrictions and residency requirements.

Bachelor of Science - Accounting

School of Business Admin

Catalog Year: 2016-2017

Degree Specific Credits: 76

Required Cumulative GPA: 2.0

Note: At least 54 credits must be earned in Business classes (ECNS, SoBA internship courses, and SoBA faculty-led study abroad courses may be counted in OR out of Business). A minimum GPA of 2.0 is required for these courses.
At least 60 credits must be earned outside of SoBA (excluding HHP/ACT activities courses).
No more than 30 credits of ACTG (including ACTG 201 and ACTG 202) may count towards the 120 credits required to graduate.
At least 28 credits in business, the capstone courses, AND all required 400-level accounting courses must be taken at UM.
All Business credits transferred in after matriculating to UM must be pre-approved by the department chair in your major.

SoBA - Lower Primary Core Courses

Rule: All courses are required

Note: Unless a higher requirement is specified, all lower primary core courses must be completed with a C- or better and a 2.0 GPA in the seven (7) listed courses prior to admission into an upper-division Business Major. A minimum grade of C or better is required for ACTG 201 and ACTG 202 as a prerequisite for ACTG 203 and ACTG 305.
A math course and a statistics course are also required in the lower primary core. See Math Requirements and Symbolic Systems Requirements below. Math 3-4 credits, Symbolic Systems 3-4 credits, Stat is a primary lower core course.

Show All Course Descriptions Course Credits
Show Description ACTG 201 - Principles of Fin Acct
Offered every term. Prereq. or Coreq. M 115, M 121, M 151 or M 162. Introduction to financial accounting concepts, including transactions analysis, financial statement analysis, and corporate financial reporting practices.
 3 Credits
Show Description ACTG 202 - Principles of Mang Acct
Offered every term. Prereq., ACTG 201 and M 115, M 121, M 151 or M 162. Continuation of ACTG 201 with a focus on managerial accounting topics.
 3 Credits
Show Description BMIS 270 - MIS Foundations for Business
Offered every term. Prereq., WRIT 101. Introduces the development, use, and management of computer-based information systems.
 3 Credits
Show Description ECNS 201S - Principles of Microeconomics
Offered every term.  The nature of a market economy, economic decisions of the household and firm, competition and monopoly, value and price determination, distribution of income and applied microeconomic topics.
 3 Credits
Show Description WRIT 101 - College Writing I
UM: Offered every term. Prereq., WRIT 095 or proof of passing score on writing diagnostic examination, referral by WRIT 095 instructor-SAT writing score at or above 440, MUSWA at or above 3.5, SAT/ACT essay score at or above 7, or ACT Combined English/Writing score at or above 18. Expository prose and research paper; emphasis on structure, argument, development of ideas, clarity, style, and diction. Students expected to write without major faults in grammar or usage. Credit not allowed for both WRIT 101 and COM 101. Grading A-F, or NC (no credit). MC: Offered every term. Prereq., WRIT 095 or proof of appropriate SAT/ACT essay, English/Writing, writing section scores, appropriate MUSWA scores, or proof of passing scores on Writing Placement Exam). Expository prose and research paper; emphasis on structure, argument, development of ideas, clarity, style, and diction. Students expected to write without major faults in grammar or usage. Grading A-F, or NC (no credit).
 3 Credits
Minimum Required Grade: C- 15 Total Credits Required

SoBA Math Requirement

Rule: Students choose one course from the list below to fulfill their Math Requirement

Note: SoBA requires that credit be earned for one of the math courses below (with a C- or better) before enrolling in ACTG 202.
A student's result on the ALEKS Math Placement Exam does not waive this math requirement.

Show All Course Descriptions Course Credits
Show Description M 115 - Probability and Linear Math
Offered every term. Prereq. M 090 with a grade of B- or better, or M 095, or ALEKS placement >= 3, or ACT score of 22, or SAT score of 520. Systems of linear equations and matrix algebra. Introduction to probability with emphasis on models and probabilistic reasoning. Examples of applications of the material in many fields.
 3 Credits
Show Description M 121 - College Algebra
Offered autumn and spring. Prereq., M 095 or ALEKS placement >= 4. Intended to strengthen algebra skills. The study of functions and their inverses; polynomial, rational, exponential, and logarithmic functions. Credit not allowed for both M 121, and M 151.
 3 Credits
Show Description M 151 - Precalculus
Offered autumn and spring. Prereq., ALEKS placement >= 4. A one semester preparation for calculus (as an alternative to M 121-122. Functions of one real variable are introduced in general and then applied to the usual elementary functions, namely polynomial and rational functions, exponential and logarithmic functions, trigonometric functions, and miscellaneous others. Inverse functions, polar coordinates and trigonometric identities are included. Credit not allowed for both M 151 and M 121 or 122.
 4 Credits
Show Description M 162 - Applied Calculus
Offered autumn and spring. Prereq., ALEKS placement >= 5 or one of M 121, 122 or 151. Introductory course surveying the principal ideas of differential and integral calculus with emphasis on applications and computer software. Mathematical modeling in discrete and continuous settings. Intended primarily for students who do not plan to take higher calculus.
 4 Credits
Minimum Required Grade: C- 3 Total Credits Required

SoBA – Lower Secondary Core Courses

Rule: All courses are required

Note: All courses must be completed with a "C-" or better to satisfy prerequisites for certain major, upper core, or capstone courses. Students are advised to complete these courses prior to being admitted to an upper-division Business Major. Prerequisites are strictly enforced.

Show All Course Descriptions Course Credits
Show Description BGEN 220E - Bus Ethics & Soc Responsiblty
Offered autumn and spring. Focuses on moral judgments, responsibilities to society and their impact on decision making, with particular emphasis on business ethics and values. Addresses organizations and their relationship to the external environment, the law, and various stakeholders.
 3 Credits
Show Description COMX 111A - Intro to Public Speaking
Offered every term. Preparation, presentation, and criticism of speeches. Emphasis on the development of public speaking techniques through constructive criticism. Credit not allowed for both COMM 111A and COM 160A.
 3 Credits
Show Description CSCI 172 - Intro to Computer Modeling
Offered autumn and spring. Problem solving and data modeling using computer productivity software. Emphasis using spreadsheets and database for data analysis. Credit not allowed for CSCI 172, CRT 172, and CS 172.
 3 Credits
Show Description ECNS 202S - Principles of Macroeconomics
Offered every term.  Prereq., ECNS 201S.  The determination of the level of national economic activity, inflation, economic instability, the role of money and financial institutions, and selected topics in public economic policy.
 3 Credits
Minimum Required Grade: C- 12 Total Credits Required

SoBA - Upper Core

Rule: All courses are required

Note: All upper core courses must be completed before the capstone can be taken. A student must be listed as a major or minor in business to take these courses. Major or minor in business is defined as junior standing with all primary lower core courses completed, a 2.0 cumulative GPA, and formally admitted to the major or minor.

Show All Course Descriptions Course Credits
Show Description BFIN 322 - Business Finance
Offered every term. Prereq., junior standing in Business. The methodology and practice of business financial decisions.
 3 Credits
Show Description BGEN 361 - Principles of Business Law
Offered autumn and spring. Prereq., junior major or minor in business. This course examines law as it applies to business transactions. Topics include the nature and sources of law; courts and procedure; contracts, employment; Uniform Commercial Code; property; environmental; business organizations; tort liability; insurance; consumer and creditor protection; bankruptcy; criminal law; and agency law. Credit not allowed for more than one of BGEN 235, BGEN 361 and BADM 257.
 3 Credits
Show Description BMGT 322 - Operations Management
Offered every term. Prereq., junior major in Business, CSCI 172. A survey of the processes that organizations, public or private, use to produce goods and services. Includes management science topics.
 3 Credits
Show Description BMGT 340 - Mgmt & Organization Behavior
Offered autumn and spring. Prereq., junior standing in Business. An intensive examination of the fundamentals of management and organization supported by the application of behavioral science principles to the management of people in organizations.
 3 Credits
Show Description BMKT 325 - Principles of Marketing
Offered autumn and spring. Prereq., junior standing in Business. The marketing environment, product, price, distribution, and promotion strategies including government regulation and marketing ethics.
 3 Credits
Minimum Required Grade: C- 15 Total Credits Required

Accounting Major Requirements

Rule: Must complete the following subcategories

Note: No more than 30 credits of ACTG (including ACTG 201 and 202) may count towards the 120 credits required to graduate.
All required 400-level accounting courses must be taken at UM.

21 Total Credits Required

Accounting Major Requirements

Rule: All courses are required

Show All Course Descriptions Course Credits
Show Description ACTG 203 - Accounting Lab
Offered every term.  Prereq., ACTG 201 with a grade of C or better.  Applying accounting cycle concepts to comprehensive hands-on financial statement cases and/or a practice set and exploring career options.
 1 Credits
Show Description ACTG 305 - Corporate Reporting I
Offered every term. Prereq., junior standing in Business, ACTG 201 and 202 with grades of C or better or consent of instr. Prereq., or Coreq., ACTG 203. Topics include concepts in financial accounting, assets and related income statement accounts.
 3 Credits
Show Description ACTG 306 - Corporate Reporting II
Offered every term. Prereq., junior standing in Business, ACTG 203, ACTG 305 with grades of C or better, or consent of instr. Continuation of ACTG 305. Topics include concepts in financial accounting, coverage of the liability and equity side of the balance sheet, the cash flow statement, and several special financial accounting topics.
 3 Credits
Show Description ACTG 321 - Acct Information Systems I
Offered autumn and spring.  Prereq., junior standing in Business. Prereq., or coreq., ACTG 203. Provides thorough understanding of  business processes, risks, and internal controls. Computer applications may be used to demonstrate concepts.
 3 Credits
Show Description ACTG 401 - Principles of Fed Tax - Ind
Offered autumn. Prereq., Junior standing in Business or consent of instr. Prereq., or coreq., ACTG 306. The application of the federal income tax law to determine income, deductions and losses. Special topics include property transactions.
 3 Credits
Show Description ACTG 410 - Cost/Mgmt Acct I
Offered autumn and/or spring. Prereq., junior standing in business or consent of instr. The study of cost management for business and other organizations. Emphasis on how information about costs helps managers make better decisions.
 3 Credits
Show Description ACTG 411 - Auditing I
Offered spring. Prereq., junior standing in Business, ACTG 321 and  ACTG 306, or consent of instr. Introduction to auditing with emphasis on the independent audit of financial statements. Coverage includes professional standards, ethics, audit risk, evidence, internal controls, procedures, opinions, operational and compliance auditing.
 3 Credits
Show Description ACTG 425 - State & Local Gov’t Acctg
Offered spring.  Prereq., junior standing in Business or consent of instr.  Prereq., or coreq., ACTG 306.  Reporting requirements and generally accepted accounting principles applicable to state and local governmental units.
 2 Credits
Minimum Required Grade: C- 21 Total Credits Required

Accounting Major - Electives

Rule: Take 3 credits from the list below.

Note: No more than 3 credits of ACTG 498 may count towards the 120 credits required to graduate.
No more than 30 credits of ACTG (including ACTG 201 and ACTG 202) may count towards the 120 credits required to graduate.
See MAcct Director for information pertaining to the Master's of Accountancy Program or taking the CPA exam.

Show All Course Descriptions Course Credits
Show Description ACTG 307 - Corporate Reporting III
Offered spring. Prereq., junior standing in Business and ACTG 305; prereq., or coreq., ACTG 306, or consent of instr. Application of accounting principles to complex issues such as post-retirement benefits, accounting changes, bankruptcies, reorganizations, income taxes and other topics.
 2 Credits
Show Description ACTG 420 - Cost/Mgmt Acct II
Offered intermittently. Prereq., senior standing in Business and ACTG 410 or consent of instr. Advanced cost management with emphasis on how financial and non-financial information helps managers make better decisions in a wide variety of business and not-for-profit organizations. Current readings in cost management and related topics.
 3 Credits
Show Description ACTG 426 - Acctg for Nonprofits
Offered spring.  Prereq., junior standing in Business or consent of instr.  Prereq., or coreq., ACTG 306.  Reporting requirements and generally accepted accounting principles applicable to nonprofit entities, including colleges/universities.
 1 Credits
Show Description ACTG 432 - Income Tax Practicum
Offered spring. Prereq., junior standing in Business. Service course that provides free tax preparation to low income taxpayers and students, in conjunction with the IRS. Students apply their knowledge of tax law to the preparation and e-filing of income tax returns under the direction of a practicing CPA. Designated as a service learning course.  Graded credit/no credit only.
 1 Credits
Show Description ACTG 498 - Internship
Offered every term. Prereq., junior standing in Business and consent of instr. Students are placed with private or governmental organizations to receive on-the-job training. Written reports are required. A maximum of 3 credits count toward graduation.
 1 To 6 Credits
Minimum Required Grade: C- 3 Total Credits Required

SoBA - Capstone Courses

Rule: All courses are required

Note: Students must complete all lower primary and secondary core and upper core courses and their prerequisites and have an approved graduation application to register for their capstones.

Students must pass the required comprehensive exam as well as all requisite coursework to earn a passing grade in BGEN 499. BGEN 499 must be taken at UM.

Show All Course Descriptions Course Credits
Show Description BGEN 499 - Strategic Management
Prereq., senior standing in Business, COMX 111A, ECNS 202S, BGEN 220E and all business core. Analysis of external and internal firm environment and strategy formulation. Integration of cumulative business knowledge. Case orientation and class discussion.
 3 Credits
Minimum Required Grade: C- 3 Total Credits Required

SoBA Upper-Division Writing Requirement

Rule: All courses are required

Show All Course Descriptions Course Credits
Show Description BGEN 499 - Strategic Management
Prereq., senior standing in Business, COMX 111A, ECNS 202S, BGEN 220E and all business core. Analysis of external and internal firm environment and strategy formulation. Integration of cumulative business knowledge. Case orientation and class discussion.
 3 Credits
Minimum Required Grade: C- 3 Total Credits Required

SoBA Symbolic Systems Requirement

Rule: Students complete STAT 216 (preferred) or one other course from the list below to fulfill the Symbolic Systems Requirement.

Note: This is a primary lower core course. SoBA requires that credit be earned for STAT 216 (preferred) or one of the other statistics courses below (with a C- or better) prior to being admitted into an upper-division SoBA major.

Show All Course Descriptions Course Credits
Show Description FORS 201 - Forest Biometrics
Offered autumn. Prereq., M 115 or M 121 or M 122 or M 151 or M 162 or M 171 or M 172. Introduction to probability and statistical methods for forestry and environmental sciences covering natural resource applications of common probability distributions, data analysis, hypothesis testing, and regression.
 3 Credits
Show Description PSYX 222 - Psychological Statistics
Offered every term. Prereq., PSYX 120; M 115, M 162 or 171. Application of statistical techniques to psychological data. Credit not allowed for both PSYX 222 and SOCI 202.
 3 Credits
Show Description SOCI 202 - Social Statistics
Offered every term. Prereq., M 115, Sociology majors only, or consent of instr. Application of descriptive and inferential statistical techniques to sociological data. Required of all majors.
 3 Credits
Show Description STAT 216 - Introduction to Statistics
Offered autumn and spring. Prereq., M 115 (preferred), or one of M 121, 132, 151, 162 or 171, or ALEKS placement >= 4. Introduction to major ideas of statistical inference. Emphasis is on statistical reasoning and uses of statistics.
 4 Credits
Minimum Required Grade: C- 4 Total Credits Required

SoBA Expressive Arts Requirement

Rule: All courses are required

Note: Students must complete this course with a C- or better prior to taking the capstones, though earlier completion is strongly encouraged.

Show All Course Descriptions Course Credits
Show Description COMX 111A - Intro to Public Speaking
Offered every term. Preparation, presentation, and criticism of speeches. Emphasis on the development of public speaking techniques through constructive criticism. Credit not allowed for both COMM 111A and COM 160A.
 3 Credits
Minimum Required Grade: C- 3 Total Credits Required

SoBA Social Science Requirement

Rule: All courses are required

Note: This is a primary lower core course and must be completed with a C- or better prior to a student being admitted into an upper-division SoBA major.

Show All Course Descriptions Course Credits
Show Description ECNS 201S - Principles of Microeconomics
Offered every term.  The nature of a market economy, economic decisions of the household and firm, competition and monopoly, value and price determination, distribution of income and applied microeconomic topics.
 3 Credits
Minimum Required Grade: C- 3 Total Credits Required

SoBA Ethical & Human Values Requirement

Rule: All courses are required

Note: Students must complete this course with a C- or better prior to taking the capstones, though earlier completion is strongly encouraged.

Show All Course Descriptions Course Credits
Show Description BGEN 220E - Bus Ethics & Soc Responsiblty
Offered autumn and spring. Focuses on moral judgments, responsibilities to society and their impact on decision making, with particular emphasis on business ethics and values. Addresses organizations and their relationship to the external environment, the law, and various stakeholders.
 3 Credits
Minimum Required Grade: C- 3 Total Credits Required