Dec 30, 2024  
2017 Undergraduate Catalog 1.1 (WINTER - SPRING) 
    
2017 Undergraduate Catalog 1.1 (WINTER - SPRING) [ARCHIVED CATALOG - Consult with Your Academic Advisor for Your Catalog Year]

Accounting (B.S.)


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(Bachelor of Science Degree)

The accounting major prepares students for careers in public and private accounting, including non-profit, governmental and education. Public accounting is a recognized state-licensed profession that embraces the areas of financial statement preparation, auditing, financial investigations, design and installation of accounting systems, and taxation. Private and other accounting alternatives also engage in the above activities, though the focus is primarily on the single entity-the employer. Graduates may find a variety of opportunities, including responsible positions in a public accounting firm or other business and not-for-profit or governmental entities.

Transfer students must complete at least 15 hours of accounting at Utica College.

Public Accounting Concentration

As a licensed profession, public accounting is subject to regulation by the State of New York. As of August 2009, to be eligible to sit for the CPA licensure examination, a candidate must have completed 150 semester hours of course work, including work in a number of related specified fields (management, marketing, finance, law, computer science, and statistics). Successful completion of this undergraduate major, along with the Utica College MBA in Professional Accountancy, will constitute eligibility to take the CPA licensure examination. Students with the undergraduate accounting major CPA concentration who maintain a 3.0 or better GPA will be automatically accorded acceptance into the college’s MBA - Professional Accountancy program. Students with less than a 3.0 undergraduate GPA wishing to pursue the MBA may be asked at the discretion of the MBA program director to submit a GMAT score.

Further information about CPA certification is found in the Public Accountancy Handbook. A copy of this publication may be obtained without cost by writing to the Office of the Professions, Professional Licensing Services, Cultural Education Center, Albany, NY 12230. Information is also available on the web at http://www.op.nysed.gov/prof/cpa/.

Private Accounting Concentration

Private accounting deals primarily with the financial records, statements, and reports of a single business, and the use of accounting as a tool of management. Graduates with training in private accounting may expect to progress to such positions as cost accountant, cost analyst, budget director, chief accountant, comptroller, internal auditor, and chief financial officer.

Many treasurers and presidents of large corporations were formerly comptrollers.

Comptrollership is a rapidly growing field that deals primarily with the application of accounting, economics, finance, and statistics to the operations of a business enterprise.

Students who wish to pursue this course of study should opt for the Private Accounting concentration.

Total credit hours required for degree: 120

Learning Objectives

Graduates from this program will be able to:

  • demonstrate analytical and critical thinking skills.
  • demonstrate effective oral communications skills.
  • demonstrate effective written communications skills.
  • demonstrate quantitative skills.
  • demonstrate an awareness of the global business environment.
  • demonstrate competence in the use of technology.
  • identify and analyze legal and ethical issues in business.
  • demonstrate fundamental knowledge in the functional areas of accounting: financial and managerial reporting, taxation, information systems, and auditing.

Special Requirements

A grade of C or better is required for each major course. For major-related courses a C average is required.

Academic Requirements


See Core  section of this catalog.

Core: 34-55 Credit Hours


36 Credit Hours


21 Credit Hours


Concentration


Students must select one of the following concentrations.

CPA Concentration


12 Credit Hours

Private Accounting Concentration


12 Credit Hours

Electives


The student must complete sufficient elective courses to earn at least the minimum credit hours required for this degree, and at least 60 credit hours of the 120 required must be in the liberal arts and sciences.

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