Effective Fall 2023
- School of Business, Arts & Sciences
- Bachelor of Science Degree (B.S.)
- More Information about Accounting
The Bachelor of Science in Accounting (BSA) offers a unique approach to accounting education. This major is designed to prepare students for entry into the accounting profession. The curriculum provides a framework that integrates significant business and management background and extensive accounting and financial knowledge, which provides the foundation for continued education toward licensure as a Certified Public Accountant (CPA). Students are exposed to tax, auditing, not-for-profit, forensics, and management accounting. Information technology training, communication skills development, global comparisons, and ethical discussions enhance the students' experiences.
Career Opportunities
Positions in public accounting, industry, not-for-profit organizations, government agencies, and "in your own account." After gaining experience, opportunities for advancement and additional responsibilities will be available. Types of jobs that require accounting and financial background include: appraising, banking, financial management, government service, insurance, investment analysis, law, public accounting, managerial accounting, management consulting, financial planning, marketing, purchasing, real estate, small business, and designing and implementing accounting systems. Certifications to enhance professional opportunities include the Certified Public Accountant (CPA), Certified Management Accountant (CMA), Certified Internal Auditor (CIA), Certified Payroll Professional (CPP), Certified Credit Executive (CCE), Accredited Financial Counselor (AFC), and the Enrolled Agent (EA). Requirements vary based on education, experience, and testing requirements.
Recommended High School Subjects
English and mathematics courses (including algebra).
Special Equipment Needs
Laptop Computer Required
- Windows 11 or higher (recommended).
- Intel Core i5 or i7 (generation 10 or higher) processor (recommended).
- 8+ GB RAM (recommended).
- 250+ GB Solid State Disk (SSD) drive (recommended).
- Laptop must include a webcam and microphone (required).
- Laptop must include a wireless network card (required).
- Broadband Internet connection when working off campus (required).
- Additional plug-ins may be required (Information Technology Services Service Desk available for assistance).
- Chromebooks and other devices running Chrome OS are prohibited.
Remediation Strategies
All incoming students must meet placement requirements in math. Students are expected to remediate any deficiencies as explained in the College Catalog (see https://www.pct.edu/catalog/admissions-policy).
Transfer Procedures
This major is subject to the transfer standards established by the College. Exceptions must be approved by the school dean.
Program Goals
A graduate of this major should be able to:- prepare the required financial statements which include the income statement, statement of stakeholders' equity, balance sheet, and cashflow statement and illustrate their uses and limitations.
- prepare basic U.S. consolidated financial statements for corporations with fully-and partially-owned subsidiaries.
- identify the principles of federal taxation as it relates to corporations, partnerships, S corporations, and other small business entities.
- interpret the auditing standards of the Public Company Accounting Oversight Board (PCAOB).
- apply job costing and process costing to the manufacturing, services, and merchandising sectors.
- identify and evaluate the various tax consequences of adjustments, deductions, credits, tax payments, and interest and penalties.
- solve forensic accounting problems by using sophisticated accounting, auditing, and valuation techniques.
- apply appropriate financial tools to assess business and project valuation and forecast financial resources.
Curriculum
| First Semester | Credits | Notes | Lecture | Lab/Clinical | M/S | Type | |
|---|---|---|---|---|---|---|---|
| FYE101 | First Year Experience | 1 | .50 | 1.50 | S | REQ | |
| ACC113 | Introduction to Financial Accounting | 3 | 3 | M | REQ | ||
| ECO111 | Principles of Macroeconomics | 3 | 3 | M | REQ | ||
| ENL111 | English Composition I | 3 | 3 | S | REQ | ||
| MGT115 | Principles of Management | 3 | 3 | M | REQ | ||
| MTH113 | Business Mathematics | 3 | 3 | S | REQ | ||
| TOTAL CREDITS | 16 | ||||||
| Second Semester | Credits | Notes | Lecture | Lab/Clinical | M/S | Type | |
| ACC123 | Introduction to Managerial Accounting | 3 | 3 | M | REQ | ||
| ACC201 | Computerized Accounting | 3 | 3 | M | REQ | ||
| ECO112 | Principles of Microeconomics | 3 | 3 | M | REQ | ||
| FIN150 | Principles of Banking | 3 | 3 | M | REQ | ||
| SCI | Science Elective | 3 | S | SCI | |||
| TOTAL CREDITS | 15 | ||||||
| Third Semester | Credits | Notes | Lecture | Lab/Clinical | M/S | Type | |
| ACC311 | Cost Accounting | 3 | 3 | M | REQ | ||
| ACC341 | Intermediate Accounting I | 3 | 3 | M | REQ | ||
| FIN305 | Fundamentals of Financial Planning | 3 | 3 | M | REQ | ||
| MIS211 | Business Computer Applications Using Spreadsheet | 3 | 3 | M | REQ | ||
| ENL201 | Technical & Professional Communication | 3 | 3 | S | REQ | ||
| TOTAL CREDITS | 15 | ||||||
| Fourth Semester | Credits | Notes | Lecture | Lab/Clinical | M/S | Type | |
| ACC285 | Accounting Information Systems | 3 | 3 | M | REQ | ||
| ACC346 | Intermediate Accounting II | 3 | 3 | M | REQ | ||
| SCL | Science Elective with lab | 4 | S | SCL | |||
| MTH157 | Business Statistics | 3 | 3 | S | REQ | ||
| ACC332 | Income Taxation for Individuals | 3 | 1 | 6 | M | REQ | |
| TOTAL CREDITS | 16 | ||||||
| Fifth Semester | Credits | Notes | Lecture | Lab/Clinical | M/S | Type | |
| ACC430 | Corporation, Partnership, Estate & Trust Taxation | 3 | 3 | M | REQ | ||
| ACC461 | Advanced Financial Accounting | 3 | 3 | M | REQ | ||
| FIN395 | Retirement & Insurance Planning | 3 | 3 | M | REQ | ||
| FIN350 | Finance | 3 | 3 | M | REQ | ||
| ARP | Core Arts Perspective | 3 | S | ARP | |||
| TOTAL CREDITS | 15 | ||||||
| Sixth Semester | Credits | Notes | Lecture | Lab/Clinical | M/S | Type | |
| SPC | Speech Elective | 3 | S | SPC | |||
| FIN360 | Investments | 3 | 3 | M | REQ | ||
| MKT240 | Principles of Marketing | 3 | 3 | M | REQ | ||
| MGT301 | Business Law I | 3 | 3 | M | REQ | ||
| ACC | Directed Accounting Electives | 3 | M | ACC | |||
| TOTAL CREDITS | 15 | ||||||
| Seventh Semester | Credits | Notes | Lecture | Lab/Clinical | M/S | Type | |
| ACC452 | Auditing | 3 | Writing Enriched Requirement | 3 | M | REQ | |
| PHL210 | Ethics | 3 | 3 | S | REQ | ||
| OEA | Open Elective | 3 | S | OEA | |||
| BAE | Directed Business Elective | 3 | M | BAE | |||
| CDP | Core Global & Cultural Diversity Perspective | 3 | S | CDP | |||
| TOTAL CREDITS | 15 | ||||||
| Eighth Semester | Credits | Notes | Lecture | Lab/Clinical | M/S | Type | |
| ACC470 | Forensic Accounting | 3 | 3 | M | REQ | ||
| MGT497 | Business Policy & Strategy | 3 | 3 | M | REQ | ||
| HIP | Core Historical Perspective | 3 | S | HIP | |||
| OEE | Exploration Elective | 3 | S | OEE | |||
| OEE | Exploration Elective | 3 | S | OEE | |||
| TOTAL CREDITS | 15 | ||||||
ACC 480, Accounting Internship, may be used to fulfill an open elective requirement. Internships may be taken any time after the junior year upon meeting appropriate prerequisites.
Directed Accounting Electives (ACCELC): Any ACC or FIN course at the 200 level or higher.
Open Electives: Allows for internship possibilities.
Accreditation
The Accounting and Business programs have been accredited by the Accreditation Council for Business Schools and Programs (ACBSP) .