Undergraduate Catalog
Colleges

Department of Accounting and Economics

Dr. Stephen Jones, Associate Dean
Rothwell Hall, Room 441
(479) 968-0673
sjones@atu.edu

Professors:
R. Brown, Carr, Pennington
Associate Professors:
Alexander, Benefield, Cole, Fusaro, Goza
Assistant Professors:
Hunter, Kuroki
Instructor:
Griffin

The Department of Accounting and Economics offers two degree programs. The objective of both degree programs is to offer an academic base equipping students to be life-long learners who will then mature as professionals in the world of business. The accounting curriculum prepares graduates for a variety of careers in public, private and not-for-profit entities as well as entry into graduate programs. The department also provides a major program in economics and finance where graduates can enter professional careers as economic and financial analysts in business or government or continue in graduate studies.

Students who plan to pursue graduate studies should consider the entrance requirements of the graduate degree program which they desire to enter. Faculty advisors will work closely with these students to assist them in planning their course work to meet the graduate degree program requirements. Part of this planning will involve the student sitting for examinations such as the GMAT, GRE, or LSAT.

Accounting

Since the inception of the program in 1959, accounting graduates have established careers in every segment of the business world. Employment opportunities range from national, regional, and local public accounting firms to corporations, sole proprietorships, and national state and local government entities. The accounting profession offers a promising future for men and women who are comfortable in meeting people, expressing themselves, working in changing environments, and who possess an inquiring and logical thought process.

Learning Goals for Accounting Major:

  1. Students will be able to demonstrate knowledge of current accounting practices and theory and be conversant in the language of business.
  2. Students will be able to demonstrate the ability to think critically about accounting topics.
  3. Students will demonstrate the ability to communicate accounting information effectively, both orally and in writing.
  4. Students will be able to demonstrate competency in current accounting information technology.
  5. Students will be able to demonstrate competency in ethical business and accounting decision making.

Holding the licensure designation as a Certified Public Accountant is viewed as evidence of a professional quality in the discipline of accounting. CPAs are viewed by the business world as individuals who possess a professional knowledge of accounting principles and concepts and have the experiences necessary to make proper application of those principles and concepts. Students who desire to pursue this professional designation can complete the curriculum which will provide them with the necessary academic background to permit the graduate to sit for the uniform certified public accountant examination.

The goal of many students is a career in private accounting rather than public accounting. Professional designations such as Certified Management Accountant (CMA) and Certified Internal Auditor (CIA) are earned by completing examinations offered by their respective professional associations. Accounting majors who desire to complete those certification processes may complete a course of study which will enable them to be a candidate for those professional examinations.

Professional Examination Requirements

All students who, upon graduation, plan to sit for a professional examination (CPA, CMA, CIA) should consult with an accounting faculty member concerning specific course requirements of the respective examination. The requirements should be considered in planning the student’s course of study while completing the degree.

The following curriculum in accounting leads to a Bachelor of Science in Business Administration degree with a major in accounting.

Curriculum in Accounting

The matrix below is a sample plan for all coursework required for this program
Freshman
Fall Spring
ENGL 1013 Composition I1,T 3 ENGL 1023 Composition II1,T 3
MATH 1113 College Algebra2,T 3 Science with Lab1,T 4
BUAD 1111 Introduction to BusinessT 1 MATH 2223 Quantitative Business Analysis2,T 3
BUAD 2003 Business Information SystemsT 3 SPH 2173 Business and Professional SpeakingT 3
Elective 5 Elective 2
Total Hours 15 Total Hours 15
 
Sophomore
Fall Spring
ECON 2003 Principles of Economics IT 3 ECON 2013 Principles of Economics IIT 3
Science with Lab1,T 4 Fine Arts & Humanities1,T 3
BDA 2003 Business Problem Solving 3 U.S. History/Government1,T 3
BUAD 2053 Business StatisticsT 3 BLAW 2033 Legal Environment of BusinessT 3
ACCT 2003 Accounting Principles IT 3 ACCT 2013 Accounting Principles IIT 3
Total Hours 16 Total Hours 15
 
Junior
Fall Spring
Fine Arts & Humanities1,T 3 ECON 3003 Money and Banking 3
MGMT 3003 Management and Organizational Behavior 3 MGMT 3103 Operations Management 3
BUAD 3023 Business Communication 3 ACCT 3013 Intermediate Accounting II 3
ACCT 3003 Intermediate Accounting I 3 ACCT 3023 Accounting Information Systems 3
ACCT 3043 Federal Taxes I 3 ACCT 3053 Federal Taxes II 3
Total Hours 15 Total Hours 15
 
Senior
Fall Spring
MKT 3043 Principles of Marketing 3 FIN 3063 Business Finance 3
ACCT 4003 Advanced Accounting I 3 MGMT 4083 Business Policy 3
ACCT 4033 Auditing 3 ACCT 4013 Advanced Accounting II 3
Elective 5 ACCT 4023 Cost Accounting 3
Elective 3
Total Hours 14 Total Hours 15
 
1See appropriate alternatives or substitutions in “General Education Requirements”.
2Students who have two years of high school algebra with a grade of “C” or better and a math ACT score of 22 or above may omit College Algebra and enroll directly in MATH 2223 Quantitative Business Analysis, Quantitative Business Analysis. If omitted, an additional 3 hours of electives will be required. Students considering graduate school are advised to use free elective hours to take MATH 2914 Calculus I.
TDesignates a block of courses that would provide for a seamless transfer into this program if equivalent courses are taken at another college or university.


Minor Accounting

The minor in Accounting is available to students who wish to add to their knowledge of accounting for personal edification or for professional purposes. Please note that for non-business majors, no more than 30 hours of courses offered by the College of Business may be counted toward completion of degree requirements.

The minor in Accounting requires 21 hours of courses:
BUAD 2003 Business Information Systems
ACCT 2003 Accounting Principles I
ACCT 2013 Accounting Principles II
ACCT 3003 Intermediate Accounting I*
ACCT 3013 Intermediate Accounting II*
ACCT 3043 Federal Taxes I*
3 hours of either ACCT 3053 Federal Taxes II or ACCT 4023 Cost Accounting*

*in order to take the upper division (3000-4000 level) ACCT courses, a non-business major must have completed 54 hours including all 2000 level courses listed above, have a cumulative GPA of at least 2.0 and permission from the Dean of Business.

Economics and Finance

The study of economics and finance equips students to analyze a broad range of socioeconomic phenomena and policy alternatives. Regulation, environmental protection, economic growth and development, the distribution of income, resource allocation, international trade and finance, comparative economic systems, inflation, and the level of employment are some traditional topics of economics. The finance courses focus on financial definitions and concepts involving sources and uses of funds, personal investment strategy, and financial institutions.

The economics and finance course of study contains a theoretical core supporting the finance, accounting, marketing, and management fields. It is designed to prepare graduates for management or analytical careers in business or government. In addition, the major provides a foundation for graduate study in a variety of fields. Faculty advisors will work closely with students to assist them in planning their course work to achieve personal career objectives.

Students who complete the economics and finance program will be able to:

  1. Understand economic concepts and relationships.
  2. Understand financial decision making at the individual, corporate, and public policy levels.
  3. Improve problem-solving skills through the application of economic and financial concepts.
  4. Evaluate economic and financial issues in a global context.

Curriculum in Economics and Finance

The matrix below is a sample plan for all coursework required for this program
Freshman
Fall Spring
ENGL 1013 Composition I1,T 3 ENGL 1023 Composition II1,T 3
Science with Lab1,T 4 Science with Lab1,T 4
MATH 1113 College Algebra2,T 3 MATH 2223 Quantitative Business Analysis2,T 3
BUAD 1111 Introduction to BusinessT 1 SPH 2173 Business and Professional SpeakingT 3
BUAD 2003 Business Information SystemsT 3 Elective 3
Elective 1
Total Hours 15 Total Hours 16
 
Sophomore
Fall Spring
ECON 2003 Principles of Economics IT 3 ECON 2013 Principles of Economics IIT 3
BDA 2003 Business Problem Solving 3 U.S. History/Government1,T 3
MATH 2243 Calculus for Business and Economics3,T 3 BUAD 2053 Business StatisticsT 3
ACCT 2003 Accounting Principles IT 3 ACCT 2013 Accounting Principles IIT 3
Elective 3 BLAW 2033 Legal Environment of Business 3
Total Hours 15 Total Hours 15
 
Junior
Fall Spring
ACCT 3063 Managerial Accounting or ACCT 4023 Cost Accounting 3 Fine Arts & Humanities1,T 6
BUAD 3023 Business Communication 3 MGMT 4013 Management Information Systems 3
ECON 3003 Money and Banking 3 MKT 3043 Principles of Marketing 3
FIN 3043 Investments I 3 FIN 3063 Business Finance 3
MGMT 3003 Management and Organizational Behavior 3
Total Hours 15 Total Hours 15
 
Senior
Fall Spring
ECON 3073 Intermediate Microeconomic Theory 3 MGMT 4083 Business Policy 3
MGMT 3103 Operations Management 3 ECON Elective (3000-4000 level)4 3
FIN Elective (3000-4000 level)4 3 ECON/FIN Elective (3000-4000 level)4 3
ECON/FIN Elective (3000-4000 level)4 3 Elective 5
Elective 3
Total Hours 15 Total Hours 14
 
1See appropriate alternatives or substitutions in “General Education Requirements”.
2Students who have two years of high school algebra with a grade of “C” or better and a math ACT score of 22 or above may omit College Algebra and enroll directly in MATH 2223 Quantitative Business Analysis, Quantitative Business Analysis. If omitted, an additional 3 hours of electives will be required.
3Students considering graduate school are advised to take MATH 2914 Calculus I.
4 Only three hours of economic/finance internship will apply to this requirement.
TDesignates a block of courses that would provide for a seamless transfer into this program if equivalent courses are taken at another college or university.


Minor Economics

The minor in Economics is available to students who wish to add to their knowledge of business for personal edification or for professional purposes, but not open to College of Business majors. Please note that for non-business majors, no more than 30 hours of courses offered by the College of Business may be counted toward completion of degree requirements.

The minor in Economics requires 18 hours of courses:
ACCT 2003 Accounting Principles I
ECON 2003 Principles of Economics I*
ECON 2013 Principles of Economics II
ECON 3003 Money and Banking**
6 hours of 3-4000 level Economics electives**

*for many majors ECON 2003 Principles of Economics I can be used to satisfy 3 hours of the general education social science requirement.

**in order to take the upper division (3000-4000 level) ECON courses, a non-business major must have completed 54 hours including all 2000 level courses listed above, have a cumulative GPA of at least 2.0 and permission from the Dean of Business.