Business Administration Accounting

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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
Advisor:
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  1. Intro

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

ADVISOR:

DESCRIPTION

Accounting and Business Law

Director: Aaron Crabtree

Professors: Omer, Shoemaker, Smith

Associate Professors: Allen, Crabtree, Shelley

Assistant Professors: Czerney, Downes, Gonzales, Owens, Seavey, Wu

Professor of Practice: Slone

Associate Professor of Practice: Cosgrove

Assistant Professors of Practice: Morris, Riley-Schultz

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. More specifically, the School of Accountancy community accomplishes its mission in advancing accounting education through:

  • Fostering intellectual curiosity, academic excellence, business insights, and accounting expertise;
  • Creating high-impact, relevant research; and
  • Engaging and collaborating with professional communities.

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

Major/Department Admission

Admission requirements for all majors in the College are the same as those for University admission as noted under UNL General Admission Requirements.

Other 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.

MAJOR REQUIREMENTS

Core Requirements

In addition to the College Degree Requirements, students will complete 21 hours of course work for the major.

  • All students will complete ACCT 201 and ACCT 202 Introductory Accounting I & II, 3 credit hours each as part of the Business Core Foundation (BCF).
  • All students interested in the bachelor of science degree with a major in accounting will take BLAW 372 Business Law I as part of the Business Core Intermediate requirements (instead of BLAW 371).
  • 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.
  • As noted in the College Degree Requirements section, all course work for the major must be taken for a grade.
  • Accounting majors are exempt from taking the International Business Course requirement as part of their degree requirements.

Specific Major Requirements

Bachelor of Science in Business Administration–Major: Accounting

Business Core Advanced–Major (BCA-M)

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 312 Federal Tax Accounting

ACCT 313 Intermediate Accounting I

ACCT 314 Intermediate Accounting II

ACCT 410 Auditing

ACCT Elective (selected from):

ACCT 401 Fraud Examination & Internal Audit

ACCT 404 Advanced Accounting

ACCT 407 Ethics and Accountant's Proefssional Responsibility

ACCT 408 Business Valuation & Financial Statement Analysis

ACCT 409 Accounting Information Systems (AIS)

ACCT 413 Corporate Tax Accounting

Master of Professional Accountancy

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 and the MPA advisor for admission and enrollment requirements. Application is required through the Graduate Admissions Management and Evaluation System (GAMES) which will include online submission of:

  • Graduate College Application
  • Graduate Management Admissions Test (GMAT), recommended score of 550
  • Two letters of recommendation, at least one letter should be from a professor
  • One copy of official transcripts of all college course work completed
  • And completion of ACCT 308, ACCT 309, ACCT 313, ACCT 314 and BLAW 372
  • Statement of purpose (typically one page)

During the senior year for the MPA program, students will take the following 6 hours of course work:

*ACCT 410/810 Auditing

*ACCT Elective (selected from):

ACCT 401/801 Fraud Examination & Internal Audit

ACCT 404/804 Advanced Accounting

ACCT 408/808 Business Valuation & Financial Statement Analysis

ACCT 409/809 Accounting Information Systems (AIS)

ACCT 413/813 Corporate Tax Accounting

Students planning to complete the MPA program should plan a maximum of two senior-level accounting courses to be held for Graduate Credit. They need to take these courses at the graduate level. To do this, they must complete the form at http://research.unl.edu/gradstudies/credit/.

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 815 Tax Research & Planning or ACCT 819 Partnership Tax Accounting

Accounting 900 level (or 800 level with no 400-level counterparts) – 9 hours

Additional graduate-level course work to meet minimum 150 hours – 12 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.

  • Students should contact the MPA advisor for additional information.
  • Students’ registration forms must be signed by the MPA advisor each semester.

Tracks/Options/Concentrations/Emphases Requirements

Certified Public Accountant (CPA)

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 website for additional information (www.nbpa.ne.gov/).

30 Semester Hours of Accounting Beyond Principles

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).

Financial Accounting, Theory and Problems3

Select a minimum of 3 hrs from:

ACCT 313 Intermediate Accounting I (3 cr)

ACCT 314 Intermediate Accounting II (3 cr)

ACCT 404/804 Advanced Accounting (3 cr)

ACCT 408/808 Business Valuation & Financial Statement Analysis (3 cr)

ACCT 803 Seminar in Financial Accounting (3 cr)

ACCT 888 Financial Reporting & Analysis (3 cr)

GRBA 809 Financial Accounting (3 cr)

Cost and Managerial Accounting3

Select a minimum of 3 hrs from:

ACCT 308 Managerial Accounting (3 cr)

ACCT 858 Seminar in Managerial Accounting (3 cr)

Tax Preparation and Planning3

Select a minimum of 3 hrs from:

ACCT 312 Federal Tax Accounting (3 cr)

ACCT 413/813 Corporate 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)

ACCT 819 Partnership Tax Accounting (3 cr)

Auditing3

Select a minimum of 3 hrs from:

ACCT 410/810 Auditing (3 cr)

ACCT 831 Seminar in Auditing (3 cr)

ACCT 832 Applied Auditing (3 cr)

Information Systems3

Select a minimum of 3 hrs from:

ACCT 309 Accounting Systems (3 cr)

ACCT 409/809 Accounting Information Systems (AIS) (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 (3-6 cr)

ACCT 499H Honors Thesis (3-6 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 advisor or the Graduate Studies Bulletin.

36 Semester Hours in General Business

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).

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 Introduction 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 301 Principles of Management (3 cr)

SCMS 350 Introduction to Management Information Systems (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:

BSAD 220 Business Writing

COMM 286 Business & Professional Communication (3 cr) or the option of MRKT 257 Sales Communication

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

SCMS 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)

Other Business Courses3

MNGT 475 Business Policies & Strategies (3 cr)

Electives

As noted with the MPA and/or CPA, students may choose to take elective course work required for the degree in the course options suggested.

See College Degree Requirements—Electives for additional options/restrictions regarding elective credit for the degree.

ADDITIONAL MAJOR REQUIREMENTS

Prerequisite Requirements/Rules

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.

Grade Rules

C- and D Grades

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.

Pass/No Pass Limits

No accounting courses can be taken on a Pass/No Pass basis with the exception of ACCT 399.

Course Level Requirement

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.

REQUIREMENTS FOR MINOR OFFERED BY DEPARTMENT

The accounting minor is available to College of Business Administration students only. The college requires that 75% of the course work will be completed at UNL.

Accounting course work used for this minor cannot be double counted toward the 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 [not Pass/No Pass]):

ACCT 308 Managerial Accounting

ACCT 309 Accounting Systems

ACCT 312 Federal Tax Accounting

ACCT 313 Intermediate Accounting I

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 and ACCT 313. Double counting availability depends on the option selected.