146 147 SCHOOL OF ACCOUNTANCY Chair: Dr. Vicki L. Nycum Location: Wattis Business Building, Room 221 Telephone: Jean M. Ghormley 626-6072 Professors: E. DeVon Deppe, Doug Laufer, Ronald M. Mano, Richard E. McDermott, James G. Swearingen; Associate Professors: Rick L. Crosser, David Durkee, Ellen Harris, Kevin McBeth, Vicki L. Nycum; Assistant Professors: Donald P. Holman The mission of the School of Accountancy is (1) to provide quality graduate and undergraduate instructional programs that prepare students for professional careers; (2) to advance knowledge in accounting and business- related disciplines through instructional improvement and basic applied research; and (3) to serve the school, college and university, and the business and economic community. 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 decision-making 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. Master of Professional Accountancy III 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 (MPAcc) Program provides this additional year of training for the professional accountant. In addition, the MPAcc 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 course work 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 MPAcc 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 (37 credit hours) Consolidations Financial Accounting Theory Auditing Concepts II Acctng 513 Acctng 515 Acctng 552 if not previously taken MPAcc 617 International Financial Reporting 5 MPAcc 655 Audit Techniques & Cases 5 MPAcc 657 Auditing EDP Systems 5 MPAcc 659 Audit Sampling & SEC Accounting 5 IS&T 662 Databases & Information Systems 4 IS&T 663 Networking & Info Systems 4 Elective Courses (Select 14-17 credit hours) Select 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 (36 credit hours) Acctng 513 Consolidations Acctng 515 Financial Accounting Theory if not previously taken MPAcc 640 Tax Research & Planning MPAcc 641 International Taxation MPAcc 642 Wills, Gifts, Estates, & Trusts MPAcc 645 IRS Practice & Procedure MPAcc 646 Advanced Corporate Taxation MPAcc 647 Advanced Partnership Taxation Elective Courses (15 credit hours) Select 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 (39 credit hours) 3 3 5 5 5 5 5 5 Acctng 513 Acctng 515 Acctng 531 Acctng 552 if not previously taken MPAcc 631 MPAcc MPAcc IS&T IS&T IS&T 633 657 530 662 663 Consolidations 3 Financial Accounting Theory 3 Cost Accounting II 3 Auditing Concepts II 3 Advanced Cost Accounting 5 Advanced Managerial Accounting 5 Auditing EDP Systems 5 Information Technology Planning 4 Databases & Information Systems 4 Networking & Info Systems 4 Elective Courses (14-18 credit hours) Select 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 (38 credit hours) Required Courses Acctng 513 Consolidations 3 Acctng 514 Governmental Accounting 3 Acctng 515 Financial Accounting Theory 3 Acctng 531 Cost Accounting II 3 Acctng 552 Auditing Concepts II 3 if not previous taken MPAcc 631 MPAcc 640 MPAcc 655 IS&T 662 IS&T 663 Advanced Cost Accounting Tax Research & Planning Audit Techniques & Cases Databases & Information Systems Networking & Information Systems4 Elective Courses (8-22 credit hours) Select 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. Suggested Course Sequence The following suggested course sequence is provided to assist students in planning their schedules. Use this only as a guideline and be sure to consult with an advisor. AUDIT/FINANCIAL: MPAcc.655 5 MPAcc 657 5 MPAcc 659 5 IS&T 662 4 IS&T 663 4 Electives * 11 MPAcc 617 5 Electives* 6 Total Hrs. 14 Total Hrs. 15 Total Hrs. 16 TAX: MPAcc 640 5 MPAcc 641 5 MPAcc 645 5 MPAcc 642 5 MPAcc 646 5 MPAcc 647 5 Electives* 5 Electives* 5 Electives* 5 Total Hrs. 15 Total Hrs. 15 Total Hrs. 15 COST/SYSTEMS: MPAcc 633 5 MPAcc 657 5 MPAcc 631 5 IS&T 662 4 IS&T 663 4 IS&T 530 4 600 Acctng Elect 5 Electives* 7 Electives* 6 Total Hrs. 14 Total Hrs. 16 Total Hrs. 15 GENERAL: MPAcc 640 5 IS&T 663 4 MPAcc 631 5 MPAcc 655 5 600 Acctng Elect 5 Electives* 10 IS&T 662 4 Electives* 7 Total Hrs. 14 Total Hrs. 16 Total Hrs. 15 Some electives will be selected from these courses: Acctng 513, 514, 515, 531, and 552. Accounting Major Program Prerequisite: The Business Foundations courses must be completed with grades of "C-" or higher before registering for 300 or 400 level courses with the exceptions of Mgmt 320, BusAdm 300, BusAdm 320, Mktg 301, Mgmt 312 and IS&T 374. Minor: Not required. » Grade Requirements: The minimum overall GPA for graduation is 2.5; additionally, students must earn a 2.5 GPA in business and economics courses and the accounting major. Finally, a course grade of "C-" or higher is required for all business and economics prerequisite and program requirements. » Credit Hour Requirements: A total of 183 credit hours is required for graduation — 89 of these are College requirements, 46-47 of these are required within the major, and the balance should be taken outside the College of Business & Economics. A total of 60 upper division credit hours is required (courses number 300 and above) — all of these are taken to fulfill College and major requirements. Advisement Advisement is required. See or call the College of Business and Economics Advisor in WB 213 (626-6065) and/or School of Accountancy in WB 221 (626-6072). Contact the College Advisor for information on transfer credits, business foundations courses, advanced standing, and admission application. Advising information in major selection, major requirements, and admission applications is provided by the School of Accountancy. Please feel free to call or stop by the office to obtain the School of Accountancy "Student Information Brochure." All School of Accountancy faculty are available during their office hours to individually advise students. Each student in the Financial Accounting Intermediate series is asked to spend a thirty minute session with the Chair of the program. Admission Requirements An application is necessary for all majors and minors in the College of Business and Economics. Completion of Business Foundations courses as specified on page 134. Students must complete an application for admission to the College of Business and Economics which may be obtained in WB 213 or WB 221 or by calling the College Advisor (626-6065) or the School of Accountancy staff (626-6072). Core and General Education Refer to pages 32-36 of this catalog for either Bachelor of Science or Bachelor of Arts requirements. The following courses required for the Accounting major also will satisfy General Education requirements: Engl 111/112 (English competency); Math 105 (Math competency); Econ SS203, Psych SS101, Soclgy SS101 (Social Science); Botany LS140 (Life Science). Course Requirements for B.S. or B.A. Degree College of Business & Economics Requirements (See page 143) Liberal Support Curriculum Business Foundations Business Cross-Functional Core Business Functional Core Accounting Acctng Acctng Acctng Acctng Acctng Acctng Acctng Acctng Acctng Acctng Courses Required (37 credit hours) 311 Intermed Financial Accounting I 312 Intermed Financial Accounting II 313 Intermed Financial Accounting III 330 Cost Accounting I 340 Taxation of Individuals 344 Tax Special Topics 375 Accounting & Info Systems 451 Auditing Concepts I 513 Consolidations 515 Financial Accounting Theory 28 15 24 22 3 3 3 3 3 3 3 3 3 3 GEN ED & CORE COURSES HONOURS/BIS LIBSCI WS Applied Science & PRENGR CS EET MFET MET CMT DG AUTOSV AUTOTC IDT SST TBE Arts & Humanities COMMUN ENGL FORLANG DANCE MUSIC THEATR ART MPACC- ACCTNG BUSADM LOG FIN MGMT MKTG ECON IS&T MEDUC CHFAM HEALTH NUTRI PE REC EDUC CLS DENSCI PARAMD HTHSCI HAS HIM MRSCI NURSNG RADTEC DMS NUCMED RADTHR RESTHY SE BOTANY CHEM GEOSCI MATH MATHED MICRO PHSX ZOOL Social & Behavioral CJ GEOGR HIST POLSC PHILO PSYCH SOCLWK GERONT SOCLGY ANTHRO MILSCI AEROSP NAVSCI Weber State University Weber State University