Accounting Accounting General Information Business and Economic Research Contract research is provided for companies and community organizations whose research needs can be effectively met using the faculty and resources of the College of Business and Economics. In addition to these on-going programs, the Center encourages and facilitates other training and consulting activities on the part of the faculty of the College of Business and Economics. By matching faculty interests and expertise with the needs of the community at large, the Center provides professional development opportunities for faculty and cost-effective technical assistance for client organizations. SCHOOL OF ACCOUNTANCY Chair: Vicki L. Nycum Location: Wattis Business Building, Room 221 Telephone: Kristi Chase 626-6072 Professors: E. DeVon Deppe, Doug Laufer, Ronald M. Mano, Richard E. McDermott, fames G. Swearingen; Associate Professors: Rick L. Crosser, David Durkee, Ellen Harris, Kevin McBeth, Vicki L. Nycum; Assistant Professors: Donald P. Holman Description The field of accounting encompasses the well- recognized profession of public accounting including auditing, management advisory services, and tax services; professional careers in industry such as management accounting (controllership), cost accounting, and internal auditing; careers in various governmental agencies and other accounting and business related fields. Accounting is defined as the process of gathering, classifying, interpreting, and presenting information for decisionmaking purposes to diversified user groups. Careers in public accounting in Utah encourage 45 credit hours beyond a baccalaureate degree. Students should take advantage of opportunities to prepare themselves to sit for one of three professional examinations (Certified Public Accountant, Certified Management Accountant, and/or Certified Internal Auditor) at the culmination of their accounting program. GRADUATE PROGRAM: MASTER OF PROFESSIONAL ACCOUNTANCY- MASTER DEGREE An accounting professional in today's environment must possess (1) a high level of technical competence; (2) a sense of commitment to service; (3) communication skills; (4) analytical skills; and (5) the ability to work well with people. To obtain the required body of knowledge and to develop the skills and abilities needed to be successful accounting professionals, serious consideration must be given to study beyond a four-year baccalaureate program. The Master of Professional Accountancy (MPAce) Program provides this additional year of training for the professional accountant. In addition, the MP Ace satisfies the requirements of the Utah Public Accountancy Act for those wishing to sit for the Uniform CPA Examination. It gives the students an opportunity to increase the depth of their understanding in key areas of accountancy. It also allows a broadening of perspective by providing coursework in a variety of areas of accounting that cannot be considered in an undergraduate program due to time constraints. The program requires a minimum of 45 quarter hours beyond a bachelors degree in accounting. The program must contain not less than 23 quarter hours of accounting of which 18 must be in courses reserved exclusively for graduate students. The program shall contain not less than 14 quarter hours outside of the accounting discipline. The Graduate Coordinator must approve each MP Ace student's plan of study which will show all courses that the student plans to take. A plan of study must be filed when a student is accepted into the program, when the student wishes to make changes, and each year the student remains in the program. The students can select one of the following tracks. Courses required for each track are as follows: Audit/Financial Track: Required Courses: Acctg 513 (3), 515 (3), 552 (3) (if not previously taken), MP Ace 617 (5), 655 (5), 657 (5), 659 (5); IS&T 662 (4), 663 (4). Elective Courses: 14 to 17 hours from 400 or higher numbered courses which were not taken in the student's undergraduate program. Six or more hours must be taken outside the accounting discipline. Tax Track: Required Courses: Acctg 513 (3), 515 (3) (if not previously taken), MP Ace 640 (5), 641 (5), 642 (5), 645 (5), 646 (5), 647 (5). Elective Courses: 15 hours from 400 or higher numbered courses which were not taken in the student's undergraduate program. Fourteen or more hours must be taken outside the accounting discipline. Cost/Systems Track: Required Courses: Acctg 513 (3), 515 (3), 531 (3), 552 (3) (if not previously taken), MP Ace 631 (5), 633 (5), 657 (5), IS&T 530 (4), 662 (4), 663 (4). Elective Courses: 14 to 18 hours from 400 or higher numbered courses which were not taken in the student's undergraduate program. Two or more hours must be taken outside of the accounting discipline. In addition, at least 5 elective hours must be from 600 level accounting classes. General Track: Required Courses: Acctg 513 (3), 514 (3), 515 (3), 531 (3), 552 (3) (if not previous taken), MP Ace 631 (5), 640 (5), 655 (5), IS&T 662 (4), 663 (4). Elective Courses: 8 to 22 hours from 400 or higher numbered courses which were not taken in the student's undergraduate program. Six or more hours must be taken outside the accounting discipline. In addition, at least 5 elective hours must be from 600 level accounting classes. Application for admission to the Master of Professional Accountancy Program should normally be made by March 1 of the year during which admission is sought. Application for admission must include GMAT scores and undergraduate transcripts. It is expected that the Master of Professional Accountancy Program will entail approximately three quarters of study for a student with a bachelors degree in accounting. Students with other business related degrees can expect to spend about two years in the program. Those with non-business related undergraduate degrees should plan to spend at least three years in the program. Contact the School of Accountancy for a separate and detailed bulletin on the Master of Professional Accountancy Program. PROGRAM: ACCOUNTING MAJOR BACHELOR DEGREE General Requirements: • WSU Core Requirements (see index). • General Education Requirements (see index). College of Business and Economics Requirements: • See College of Business and Economics Requirements section of the catalog. Major Requirements (46-47 credit hours): • Required courses: Acctg 311 (3), 312 (3), 313 (3), 330 (3), 340 (3), 344 (3), 375 (3), 451 (3), 513 (3). 515 (3); Mgmt 320 (4); BusAdm 421 (3); plus one communications course selected from Commun HU102 (3), 107 (4), 214 (3), 220 (4), 312(3), 350(3). • Elective Courses (Any two of the following): Acctg 514 (3), 531 (3), 544 (3), 552(3). MASTER OF PROFESSIONAL ACCOUNTANCY COURSES-MPACC Entry into all 600 level courses requires graduate standing. (See School of Accountancy for graduate standing criteria.) 614. Evolution of Accounting Thought (5) Development of traditional accounting theory including discussion of the various standard-setting bodies, self-regulation, politicization of accounting standard setting, and environmental influences affecting the accounting profession. 617. International Financial Reporting (5) S A study of the functions of international financial accounting, emphasizing such issues as the internationalization of accounting standards, and the development of individual country differences in accounting procedures and regulations. 621. Ethical Considerations and Legal Liability (5) A study of the ethics espoused by accountants and their professional organizations with attention given to the current legal climate in which accountants operate. 623. Advanced Business Law for Accountants (5) The study of advanced business law topics oriented toward the accountant and passage of professional examinations. Prerequisite: Bus Adm 320. 625. SEC Accounting (5) The history, impact, and filing requirements of Securities and Exchange Commission are examined. 626. Quantitative Methods in Accounting (5) The application of mathematics and statistics to accounting problems. Models and techniques include cost estimation, cost control, inventory management, financial forecasting, linear programming, goal programming, Markov analysis, and simulation. 631. Advanced Cost Accounting (5) S Emphasis on cost analysis for non-routine decisions and long- range planning, performance measurement, non-manufacturing costs, and alternative methods of overhead applications. Prerequisite: Acctg 531. Student Services Interdisc. Programs Applied Science & Technology Arts& Humanities Business & Economics Education Health Professions Science Social & Behavioral Sciences 140 141 Continuing Education