Accounting
This is the 2011-2012 Undergraduate Bulletin
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Accounting
COLLEGE: Business Administration
MAJOR: Accounting
DEGREE OFFERED: Bachelor of Science in Business Administration
HOURS REQUIRED: 120 hours (unless pursuing CPA or MPA) for the degree; 21 hours for the major
MINIMUM CUMULATIVE GPA: 2.5 for graduation
MINOR AVAILABLE: Yes–for CBA students only
Director: Paul Shoemaker
Professors: Brown, Shoemaker, Smith
Associate Professors: Allen, Crabtree, Lawrence, Ruchala
Assistant Professors: Seavey, Tanyi, Wan
Assistant Professor of Practice: Cosgrove
The School of Accountancy is separately accredited by the Association to Advance Collegiate Schools of Business (AACSB). The School’s mission is to create an academic environment that enables student and faculty development into effective and ethical accounting professionals. In accomplishing its mission, the faculty fosters integrity and ethical behavior to protect the public interest. More specifically, the School of Accountancy community accomplishes its mission in advancing accounting education through:
The courses in accounting are designed to give business students a basic proficiency in accounting as an analytical tool for understanding business and public affairs and to develop essential theory and application for those specializing in the field. Students who complete the College of Business Administration program with a major in accounting and/or the master of professional accountancy degree (MPA), are well prepared to accept positions in industry, commerce, government service, or public accounting.
Students interested in the accounting discipline are strongly encouraged to work closely with faculty members in the School to understand requirements and options available for those interested in careers as certified public accountants and options to pursue the five-year, Master of Professional Accountancy program. Requirements and processes vary with each of these options.
Admission requirements for all majors in the College are the same as those for University admission as noted under UNL General Admission Requirements.
Enrollment in the Masters of Professional Accountancy program will require admission to the graduate program after obtaining senior standing and having completed the accounting courses normally required in the junior year (ACCT 308, ACCT 309, ACCT 313, ACCT 314, and BLAW 372). See the online Graduate Bulletin for admission requirements specific to the Business Interdepartmental Area.
In addition to the College Degree Requirements, students will complete 21 hours of course work for the major.
Requirements for students interested in pursuing the bachelor of science degree with a major in accounting will complete 21 hours of course work for the Business Core Advanced-Major (BCA-M).
ACCT 308 Managerial Accounting
ACCT 309 Accounting Systems
ACCT 313 Intermediate Accounting I
ACCT 314 Intermediate Accounting II
ACCT 410 Auditing
ACCT 412 Federal Tax Accounting
ACCT Elective (selected from):
ACCT 404 Advanced Accounting
ACCT 408 Advanced Managerial Accounting
As part of the College Requirements and Major Core Requirements, students interested in pursuing the master of professional accountancy degree will complete 150 hours consisting of College Degree Requirements (including enrollment in BLAW 372 in place of BLAW 371) plus the following courses:
ACCT 308 Managerial Accounting
ACCT 309 Accounting Systems
ACCT 313 Intermediate Accounting I
ACCT 314 Intermediate Accounting II
Courses listed under the senior year
Courses listed under the masters’ year
Enrollment in the Masters of Professional Accountancy program will require admission to the graduate program. The application should be completed the semester before graduation with the bachelor of science degree.
Students should work closely with the Graduate College, the Business Interdepartmental Area Graduate Committee (CBA 125) and the MPA director for admission and enrollment requirements. Application is required through the Graduate Admissions Management and Evaluation System (GAMES) which will include online submission of:
During the senior year for the MPA program, students will take the following 9 hours of course work:
*ACCT 412/812 Federal Tax Accounting
*ACCT Elective (selected from):
ACCT 404/804 Advanced Accounting
ACCT 408/804 Advanced Managerial Accounting
Students must fill out a “hold for Graduate Credit” form to register for an 800-level class during their senior year.
* Six of the 9 hours of senior level accounting courses must be completed under the graduate number (800-level). Students should see the MPA adviser for details.
During the master’s year of the MPA program, students are required to complete 30 hours of the following:
ACCT 803 Seminar in Financial Accounting
ACCT 831 Seminar in Auditing
ACCT 857 Controllership or ACCT 858 Seminar in Managerial Accounting
Accounting 900 level (or 800 level with no 400-level counterparts) - 6 hours
Additional graduate-level course work to meet minimum 150 hours - 15 hours
Additional requirements such as submission of a memorandum of courses form, should be completed during the fifth year of the program. The memorandum must be completed prior to completion of half of the MPA program.
The CPA Exam is a national exam but licensing requirements are set by jurisdiction (the 50 states, District of Columbia, and U.S. territories) of residence. Nebraska requires 150 hours of education, successful completion of the CPA Exam and two years of qualifying work experience for licensure. Nebraska specifically requires 30 hours of accounting courses (beyond principles of accounting) be included in the 150 hour requirement. Candidates with a masters of professional accountancy (MPA) degree from UNL automatically meet the educational requirements. Otherwise, transcripts will be examined for compliance with educational requirements.
The Nebraska Board of Public Accountancy has a 60/90 provision for meeting the educational requirements to sit for the CPA Exam. Candidates who will complete their educational requirements (150 hours) within 60 days after taking the CPA Exam are eligible to take the exam, but they will not receive credit for the exam unless evidence satisfactory to the Board showing the completion of the educational requirements is received by the Board within 90 days following when the candidate took the exam.
Visit the Nebraska Board of Public Accountancy Web site for additional information (www.nbpa.ne.gov//).
University of Nebraska–Lincoln courses that will satisfy the accounting requirements. Thirty semester hours beyond Accounting Principles are required. A minimum of 3 hours must be taken in each of the areas below (except Other Accounting Courses).
Hours
Financial Accounting, Theory and Problems3
Select a minimum of 3 hrs from:
ACCT 313 Intermediate Accounting (3 cr)
ACCT 314 Intermediate Accounting (3 cr)
ACCT 404/804 Advanced Accounting (3 cr)
ACCT 803 Seminar in Financial Accounting (3 cr)
ACCT 805 Financial Accounting (3 cr)
ACCT 888 Financial Statement Analysis (3 cr)
Cost and Managerial Accounting3
Select a minimum of 3 hrs from:
ACCT 308 Managerial Accounting (3 cr)
ACCT 408/808 Advanced Managerial Accounting (3 cr)
ACCT 858 Seminar in Managerial Accounting (3 cr)
Tax Preparation and Planning3
Select a minimum of 3 hrs from:
ACCT 412/812 Federal Tax Accounting (3 cr)
ACCT 813 Advanced Federal Tax Accounting (3 cr)
ACCT 815 Tax Research & Planning (3 cr)
ACCT 816 Special Topics in Federal Taxation (3 cr)
ACCT 817 The Income Tax & Management Decisions (3 cr)
Auditing3
Select a minimum of 3 hrs from:
ACCT 831 Seminar in Auditing (3 cr)
Information Systems3
Select a minimum of 3 hrs from:
ACCT 309 Accounting Systems (3 cr)
Governmental and Not-for-Profit3
Select a minimum of 3 hrs from:
ACCT 404/804 Advanced Accounting (3 cr)
ACCT 814 Governmental & Not-for-Profit Accounting (3 cr)
Other Accounting Courses
Select from:
ACCT 399 Independent Study (3 cr)
ACCT 399H Honors Independent Study (1-3 cr)
ACCT 499H Honors Thesis (3 cr)
ACCT 802 Accounting Standards (3 cr)
ACCT 807 Professional Responsibility & Ethics in Accounting (3 cr)
ACCT 840 Fraud Examination (3 cr)
ACCT 857 Controllership (3 cr)
ACCT 920 History & Philosophy of Accounting Thought (3 cr)
ACCT 990 Accountancy Internship (1-3 cr)
NOTE: Most graduate-only courses—800 level with no 400 counterpart and 900-level courses—cannot be taken by undergraduate students. Some graduate courses are open to MPA students only. Consult with your faculty adviser or the Graduate Studies Bulletin.
University of Nebraska–Lincoln courses that will satisfy the General Business Requirements. At least 6 hours of Principles of Accounting are required and at least 3 hours from each of the other areas are required (except for Other Business Courses).
Hours
Macroeconomics3
Select a minimum of 3 hrs from:
ECON 211 Principles of Macroeconomics (3 cr)
ECON 311 Intermediate Macroeconomics (3 cr)
Microeconomics3
Select a minimum of 3 hrs from:
ECON 210 Intro to Economics (5 cr)
ECON 212 Principles of Microeconomics (3 cr)
ECON 312 Intermediate Microeconomics (3 cr)
Business Law3
Select a minimum of 3 hrs from:
BLAW 371 Legal Environment (3 cr)
BLAW 372 Business Law I (3 cr)
Marketing3
Select a minimum of 3 hrs from:
MRKT 341 Marketing (3 cr)
MRKT 341H Honors: Marketing (3 cr)
Management3
Select a minimum of 3 hrs from:
MNGT 350 Intro to Management Information Systems (3 cr)
MNGT 360 Managing Behavior in Organizations or MNGT 360H Honors: Managing Behavior in Organizations (3 cr)
Finance3
Select a minimum of 3 hrs from:
FINA 361 Finance (3 cr)
FINA 361H Honors: Finance (3 cr)
Business Communications3
Select a minimum of 3 hrs from:
JGEN 220 Business Communication Strategies (3 cr)
COMM 286 Business & Professional Communication (3 cr)
Business Ethics3
Select a minimum of 3 hrs from:
ACCT 807 Professional Responsibility & Ethics in Accounting (3 cr)
BLAW 371 Legal Environment (3 cr)
BLAW 372 Business Law I (3 cr)
Quantitative Applications in Business3
Select a minimum of 3 hrs from:
MNGT 245 Elementary Quantitative Methods (3 cr)
MNGT 331 Operations & Supply Chain Management (3 cr)
Principles of Accounting6
Select a minimum of 6 hrs from:
ACCT 201 Introductory Accounting I or ACCT 201H Honors: Introductory Accounting I (3 cr)
ACCT 202 Introductory Accounting II or ACCT 202H Honors: Introductory Accounting II (3 cr)
ACCT 306 Survey of Accounting (3 cr)
Other Business Courses
MNGT 475 Business Policies & Strategies (3 cr)
As noted with the MPA and/or CPA, students may choose to take elective course work required for the degree in course options suggested.
See College Degree Requirements–Electives for additional options/restrictions regarding elective credit for the degree.
Enrollment in many of the accounting courses requires certain grades in prerequisite courses as well as enrollment in a sequenced order. Refer to course descriptions for prerequisite requirements.
Grades of C or better are required in accounting courses which serve as prerequisites for upper-level accounting courses unless special permission is given by the director of the School of Accountancy.
No accounting courses can be taken on a Pass/No Pass basis with the exception of ACCT 399.
Upper-level accounting course work (300/400-level) must be taken at UNL (i.e. may not transfer in 300/400-level accounting courses from another institution without prior permission).
All 800- and 900-level courses are open to graduate students; some 800-level courses may be taken by undergraduate students with permission.
The accounting minor is available to College of Business Administration students only. The college expects that 50% of the course work will be completed at UNL.
Accounting course work used for this minor cannot be double counted toward business core foundation, intermediate or advanced-major degree requirements, for another major (except as noted for finance majors, nor any other business minor requirements.
To fulfill the requirements for an accounting minor, students must complete 12 graded hours of accounting course work beyond accounting principles to include the following (to be taken for a grade [no Pass/No Pass]):
ACCT 308 Managerial Accounting
ACCT 309 Accounting Systems
ACCT 313 Intermediate Accounting I
ACCT 314 Intermediate Accounting II or ACCT 412 Federal Tax Accounting
Finance majors may want to consider an accounting minor as course work for the finance major in the general finance option and CFA® – investments option allows for a double counting of ACCT 308, ACCT 313, and ACCT 314.
The entrance requirements for the College of Business Administration are the same as the UNL General Admission Requirements.
The curriculum requirements for the College consist of course work in three areas.
All course work (except electives and where otherwise noted) must be taken for a grade.
The three areas include the following:
Non-Business Requirements (NBR)
– which consist primarily of College and University ACE (Achievement-Centered Education) course work
Business Core
– Foundation (BCF), which also includes ACE 6 & 8
– Intermediate (BCI)
– Advanced-Major (BCA-M)
– Advanced-Capstone (BCA-C), (ACE 10)
Electives
(Most of the ACE requirements)
Choose ONE of the following:
ENGL 101 Writing: Rhetoric & Reading
ENGL 150 Writing: Rhetoric as Inquiry
ENGL 151 Writing: Rhetoric as Argument
Students should refer to the course descriptions to select the one course best suited to individual interests. While several communication courses can be selected to fulfill the university ACE 1 outcome, one of the above is a specific requirement for the College of Business Administration.
Choose ONE of the following:
MATH 104 Calculus for Managerial & Social Sciences (3 cr)
MATH 106 Analytic Geometry & Calculus I (5 cr)
Any advanced calculus course above the 106 level
Notes regarding the selection of course work for NBR 2 (ACE 3):
– A first semester student’s score on the Math Placement Exam will determine eligibility for MATH 104 or 106. The student should select between these classes based on the following sets of circumstances.
– Actuarial Science majors MUST take MATH 106 (or a higher-level calculus).
– Actuarial science majors will also take MATH 107 (5 cr) and MATH 208 (4 cr) and CSCE 101 & CSCE 101L (4 cr).
Students admitted to the College of Business Administration are required to take a Math Placement Examination prior to enrolling in the college math requirement of MATH 104 or MATH 106 (or higher math).
Whether required to enroll in preparation course work first, as indicated on the MPE (MATH 100A, MATH 101 and/or MATH 103), or in one of the required courses, it is critical to begin MATH the first semester on campus.
Choose one course from ACE 4 Certified Courses. (Course credit will vary between 3-4 credit hours.)
Choose one course from ACE 5 Certified Courses.
Choose one course from ACE 7 Certified Courses.
Choose one course from ACE 9 Certified Courses.
Students enrolling for their first semester with junior standing (or more), will see that the list of approved courses includes a few business courses. While this section is labeled “non-business requirements,” students may elect to enroll in one of the business courses to fulfill the ACE 9 requirement as long as prerequisites are completed (which are generally reserved for juniors or seniors). Work closely with your adviser to bring this to their attention and to question how this course may potentially satisfy other degree program requirements, including the major. The options include:
In any of the above instances where a double counting is an option, only 3 hours of credit are awarded; student will still need to meet the 120 hours for graduation.
JGEN 220 Business Communication Strategies
COMM 286 Business & Professional Communication
NOTE: In the selection of course work for any of the above NBR’s, prerequisites, when stated anywhere in this bulletin, means course work MUST BE COMPLETED to enroll in the class. Concurrent enrollment in any identified prerequisite(s) is NOT permitted unless so indicated in the course description.
The foundation and intermediate courses are designed to expose students to the various business disciplines. The advanced courses are those courses identified for each of the nine majors, and the capstone course is taken the final semester of the program. All course work for the Business Core (except where noted differently), must be taken for a grade.
– Foundation: RAIK 181H, RAIK 182H, RAIK 282H & STAT 218
– Leadership Series: RAIK 185H, RAIK 186H, RAIK 285H, RAIK 286H
– Computer Science Foundation: RAIK 183H, RAIK 184H, RAIK 283H, RAIK 383H
ACCT 201 Introductory Accounting I
– Foundation: RAIK 181H, RAIK 182H, RAIK 282H & STAT 218
– the Leadership Series: RAIK 185H, RAIK 186H, RAIK 285H, RAIK 286H
– Computer Science Foundation: RAIK 183H, RAIK 184H, RAIK 283H, RAIK 383H
ACCT 202 Introductory Accounting II
ECON 211 Principles of Macroeconomics
ECON 212 Principles of Microeconomics
Students may pursue and reference specific major requirements by clicking on the major: accounting, actuarial science, agribusiness, business administration, economics, finance, international business, management, or marketing.
Electives round out the rest of the 120 hour curriculum where students have the option to choose courses toward a second major, a dual degree, a minor (or two); or, students can simply select courses of personal interest.
The course must be chosen from the following approved list of International Business Course Requirement (IBCR) courses. Many of these courses have prerequisites. Some are restricted for study abroad and others may only be offered once a year. Thus, you are advised to plan ahead in scheduling this requirement into your program.
BSAD 491 International Studies in Business and Economics (1-15 hrs)
ECON 321 International Economics
If not already completed, ECON 321 may double count for the ECON major AND NBR 6–ACE 9, Global Awareness (or toward an ECON or IBUS minor and NBR 6–ACE 9).
ECON 322 Developmental Economics (not regularly available)
ECON 323 Economic Development of Latin America (not regularly available)
ECON 388 Comparative Economics Systems (not regularly available)
ECON 421 International Trade
ECON 422 International Finance
ECON 423 Economics of Less Developed Countries
ECON 440 Regional Development
ECON 466 & ECON 467 Pro-Seminar in International Relations I & II
Courses for the Nebraska at Oxford Program
ECON 487 Economies in Transition (not regularly available)
FINA 450 International Finance
MNGT 398 Special Topics: Comparative International Small Business Management
Must be taken for a grade to count.
MNGT 428 International Management
If not already completed, MNGT 428 may double count for the MNGT or BSAD or IBUS major AND NBR 6–ACE 9, Global Awareness (or it can count for the MNGT or IBUS minor and NBR 6–ACE 9).
MRKT 453 International Marketing (requires 6 hrs of MRKT prerequisites)
If planned carefully, the IBCR course can count in two places. It is not an extra 3 hours of credit, but rather, is 3 hours embedded within other requirements. If selected carefully, it can also count for 3 hours of credit in the major (i.e. MRKT 453 counts for MRKT elective in MRKT major and would count for the IBCR; FINA 450 counts for FINA elective in FINA major and would fulfill the IBCR as well; etc.). On the other hand, if course work for the major is already determined by personal choices, the IBCR can count in electives, and more specifically, for one of the ‘business’ electives needed for most majors.
As part of the degree requirements, all students must complete 12 hours of 300/400 level course work.
This can be business or non-business course work.
Sixty (60) hours of business courses are required for the BSBA degree.
The required hours WILL VARY BY MAJOR, dependent on how requirements have been accepted and/or completed throughout the previous components of the program. While GENERAL MINIMUM guidelines by major are noted below, the Degree Audit will specify minimum business credit hour expectations for each student. You will generally see this addressed under the ELECTIVE section (BUSINESS ELECTIVES) on DARS.
Course work must be taken for a grade except for 398/399 options where grades are generally not permitted
Other than meeting the minimum requirement for admission to the University, the College does not require any additional work in foreign languages except for the international business major. Students, however, are always encouraged to take language courses.
A minimum of 120 semester hours of credit is required for graduation; more may be necessary if specific degree requirements have not yet been completed. Most students will graduate with 121 hours as BSAD 150 is not applicable toward degree requirements.
While students may earn grades of C- or D, there are restrictions and recommendations for such grades and further enrollment options:
The Pass/No Pass option is designed for students who want to study areas or topics in which they may have minimum preparation. If used for this purpose, the option can enrich the student’s academic experience without lowering the student’s grade point average. Several restrictions apply when considering the Pass/No Pass option:
Exceptions to the above rules are limited to the following and no other exceptions will be made.
A 2.5 cumulative grade point average is required to apply for graduation, as well as a requirement for enrollment in ACCT 201 and ACCT 202, ECON 215, BLAW 371 and BLAW 372, FINA 361, MNGT 331, MNGT 360, MNGT 475, MNGT/MIST or MRKT 350, and MRKT 341. In some instances, a specific grade is required in certain courses to continue with upper-level course work.
See Maximum/Minimum hour restrictions under Course Exclusions and Restrictions
In addition to the Business Core Intermediate and Business Core Advanced and Business Course Advanced Capstone requirements, business students must complete an additional 12 hours of 300/400-level course work in their program (not required for ACTS majors and RAIKES students). Students generally fulfill this requirement through their electives, but there may be a few upper-class students who can fulfill the requirement with the ACE course requirements.
There are many opportunities to earn college credit through the UNL Office of Extended Education and Outreach. While many of these credits may be applicable toward fulfilling college-specific requirements, there are restrictions for enrollment and completion. Please refer to http://onlineundergraduate.unl.edu/ for additional information.
Also:
All students must fulfill the Achievement Centered Education (ACE) requirements. Information about the ACE program may be viewed at ace.unl.edu.
This is the university’s innovative, outcomes-focused general education component designed to enhance the undergraduate experience by providing broad exposure to multiple disciplines, complementing the major and helping students develop important reasoning, inquiry, and civic capacities.
Important rules to remember when selecting course work to meet this requirement:
Students (including transfer students) must follow the Undergraduate Bulletin in effect when they enroll in the College of Business Administration. Students who leave the college and return or those applying for ‘readmission’ to the College are subject to requirements in place at the time of their re-enrollment in the College.
| Quick Points | |
|---|---|
| Attribute | Value |
| College: | Business Administration |
| Degree Offered: | Bachelor of Science in Business Administration |
| Hours Required: | 120 hours (unless pursuing CPA or MPA) for the degree; 21 hours for the major |
| Minimum Cumulative GPA: | 2.5 for graduation |
| Minor Available: | Yes–for CBA students only |
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