Accounting Program Description
Students concentrating in accounting take courses that provide both technical instruction and a managerial perspective relevant to a career in accounting. The accounting concentration is designed to prepare students to be professional accountants in industry, government, or public practice.
Students who complete the requirements for a concentration in accounting meet the specified content requirements to take the Virginia Certified Public Accountant examination. Students need a total of 150 credit hours to be certified in Virginia as a public accountant. A five-year BSBA and MBA program is available for students who want to graduate with 150 credit hours.
Accounting Course Descriptions
General Education *
Writing Intensive Courses WR (must earn C- or better to fulfill requirement)
Speaking Intensive Courses SP
Accounting 240 - Principles of Accounting I
Introduction to the basics of the accounting cycle, including the analysis of accounting transactions and how accounting transactions impact the preparation of the Financial Statements. Introduction to generally accepted accounting principles (GAAP) for transactions common among all companies reporting in the US. 3 credits.
Accounting 242 - Principles of Accounting II
Continuation of ACCT 240. Introduction to internal accounting tools and techniques common among all companies for determining the cost to provide a product or service. Introduces cost-volume-profit analysis, budgeting, standard costing, and analysis of variances between budgeted amounts and actual results. Introduction to the format and interpretation of the Statement of Cash Flows. Prerequisite: ACCT 240. 3 credits.
Accounting 295 - Special Topics in Accounting
Selected topics in accounting. Topics may vary from semester to semester. May be repeated for credit when topics change. Prerequisite: Permission of the instructor. 1-3 credits.
Accounting 296 - Legal Environment
A survey of the critical business law requirements that are needed for day-to-day business operations. Topics such as contracts, consumer protection, agency and bailment will be included. 3 credits.
Accounting 311-312 - Studies Abroad
Primarily intended for transfer of credit earned abroad in courses in accounting. 1-18 credits.
Accounting 340 - Intermediate Accounting I
Review of the accounting cycle; development of the theoretical foundation of financial reporting; accounting for assets; payroll accounting; additional topics related to current developments in financial accounting and reporting. Offered fall semester only. Prerequisite: ACCT 242 with a C- or better. 3 credits.
Accounting 341 - Intermediate Accounting II
Continuation of ACCT 340. Accounting for assets, liabilities, stockholders' equity, and cash flows; financial statement disclosure and analysis; additional topics related to current developments in accounting. Offered spring semester only. Prerequisite: ACCT 340. 3 credits.
Accounting 342 - Cost Accounting
The study of basic cost accounting systems and concepts. Consideration of inventory costing, cost variance analysis, budgeting, and managerial decision-making based on economic considerations. Offered spring semester only. Prerequisite: ACCT 242 with a C- or better. 3 credits.
Accounting 344 - Tax Accounting I
A comprehensive study of income tax problems relating to individuals. These topics, among others, will be studied: income, exclusions, gain or loss on sales, exchange and involuntary conversions, deductions, exemptions and credits. Offered fall semester only. Prerequisite: ACCT 242 with a C- or better. 3 credits. WR
Accounting 345 - Tax Accounting II
A comprehensive study of income tax problems relating to partnerships, corporations, specially taxed corporations, estates and trusts. Offered spring semester only. Prerequisite: ACCT 344. 3 credits.
Accounting 346 - Intermediate Accounting III
Continuation of ACCT 341. Accounting for leases, pensions, and income taxes; effect of accounting changes; revenue measurement and income presentation; accounting for partnerships; additional topics related to current developments in financial accounting and reporting. Offered fall semester only. Prerequisite: ACCT 341. 3 credits.
Accounting 350 - Principles of Fraud Examinations
Fraud examination will cover the principles and methodology of fraud detection and deterrence. The course includes such topics as skimming, cash larceny, check tampering, register disbursement schemes, billing schemes, payroll and expense reimbursement schemes, non-cash misappropriations, corruption, accounting principles and fraud, fraudulent financial statements, and interviewing witnesses. The course includes a focus on current events related to fraudulent activity. Offered spring semester only. Prerequisite: ACCT 240 or permission of the instructor. 3 credits.
Accounting 390 - Directed or Independent Study
Must be approved by the head of the department. May be repeated as ACCT 391. 1-18 credits.
Accounting 441 - Accounting Theory
A study of current issues in accounting, including generally accepted accounting principles, APB opinions, and FASB statements. Prerequisite: ACCT 346. 3 credits. WR
Accounting 442 - Auditing
Examines auditing standards, procedures, internal control, programs and reports to clients, ethics and legal liabilities. Offered fall semester only. Prerequisite: ACCT 341. 3 credits. WR and SP
Accounting 443 - Governmental Not-For-Profit and Advanced Accounting
Fund and budget accounting for governmental and not-for-profit entities. Consolidated financial reporting for corporations. Offered fall semester only. Prerequisite: ACCT 340. 3 credits.
Accounting 445 - Law for Accountants
This course is designed to present students concentrating in accounting with a broad overview of the legal environment of U.S. business operations with emphasis on areas of substantive law that entry level professional accountants are expected to know. Offered spring semester only. 3 credits.
Accounting 490 - Directed or Independent Study
Must be approved by the head of the department. May be repeated. 1-18 credits.
Accounting 492 - Internship: Accounting
An on-the-job learning experience designed to give students an opportunity to apply their technical and professional skills and to observe organizations in action. Prerequisites: Cumulative and major GPA of 2.33 or greater, 60 credits or more, declared business or economics major and a declared concentration, MANG 391, ACCT 340, and permission of internship director. 2-3 credits per internship placement; limited to a maximum of 6 credits. *General Education Goal 14
Accounting 495 - Special Topics in Accounting
An individually designed course that allows the student to pursue advanced topics in specific accounting areas. Topics may vary from semester to semester. May be repeated for credit when topics change. Prerequisite: Permission of the instructor. 1-3 credits.
Accounting 498 - Honors Research in Accounting
Students conduct research in accounting under the direction of a faculty member and the Senior Honors Research Committee. May be repeated as ACCT 499. 3 credits.