Accounting 4+1 Bachelor and Master Combined Program
The undergraduate Accounting major and the Master of Science in Accounting, programs in the Business Group, are accredited by the Accreditation Council for Business Schools and Programs (ACBSP), a leading, specialized accreditation association for business education.
The 4+1 program was established to create a seamless transition from undergraduate to graduate study. The Master of Science in Accounting offers an advanced level of study in various, specific topics in the accounting profession that do not typically appear in the undergraduate level. Students enrolled in the program will be able to further their professional careers with the knowledge gained from these advanced level courses. Students' successful completion of this program will meet the 150-hour CPA certification requirement.
To successfully complete the Accounting 4+1 major, the following coursework is required:
- 48 credits listed under Business Core (major component)
- 21 credits of Major Requirements
- 6 credits of Major Electives
- 9 credits of Skills Component
- 34 CORE credits
- General Elective credits if needed
- 30 Master's Level Credits
- A minimum of 150 credits are required for degree, the last 30 of which must be earned at La Roche University. (Developmental course work does not count toward the minimum number of credits required for graduation)
Summary of Requirements
Accounting Major Requirements: 21 credits
ACCT3001TAXATION I
Credits (Min/Max): 3/3
This introductory taxation course examines the basic income tax provisions of the federal Internal Revenue Code, with a particular focus on those provisions that affect the tax liabilities of individual taxpayers. This course focuses on some of the basic forms that must be submitted by taxpayers, recognition of present real world tax issues, planning strategies to ensure compliance with applicable law and regulations while minimizing the taxpayers' exposure to liability, and the evaluation of the practical and ethical issues that may be encountered in implementing tax strategies.
ACCT3002TAXATION II
Credits (Min/Max): 3/3
This course examines the basic income tax provisions of the federal Internal Revenue Code, with a particular focus on those provisions applicable to partnerships, corporations, and other entities. This course focuses on choice of entity issues, tax accounting and procedural issues, planning strategies, and the evaluation of the practical and ethical issues that may be encountered in implementing tax strategies.
ACCT3011INTERMEDIATE ACCOUNTING I
Credits (Min/Max): 3/3
The first of a two-course in-depth financial accounting sequence that examines the foundations of accounting theory and practice from the viewpoint of preparers and users of financial statements. This course focuses on a detailed examination and application of Generally Accepted Accounting Principles as they relate to the asset side of the balance sheet. Topics include the more complex details and attributes of accounting conceptual framework, financial statements and required disclosures, time value of money, cash, revenue recognition, receivables, inventory, and long-lived assets.
ACCT3012INTERMEDIATE ACCOUNTING II
Credits (Min/Max): 3/3
The second of a two-course in-depth financial accounting sequence that examines the foundations of accounting theory and practice from the viewpoint of preparers and users of financial statements. This course focuses on a continuation of the detailed examination and application of Generally Accepted Accounting Principles as they relate to the liability and equity side of the balance sheet, along with the impact on the other financial statements. Topics include long-term debt, share-based compensation, earnings per share, leases, prior period adjustments, accounting changes, and the statement of cash flows.
ACCT3014COST ACCOUNTING
Credits (Min/Max): 3/3
Continuing to examine the internal uses of accounting information, this course focuses on the managerial roles of planning, controlling, motivating, and decision making. Topics include a detailed examination and application of internal costing systems, the master budget and responsibility accounting, inventory cost and capacity analysis, customer profitability analysis, allocation of common cost, and the costs of quality and time as components of the balanced scorecard.
ACCT4001ADVANCED ACCOUNTING
Credits (Min/Max): 3/3
A continued examination of Generally Accepted Accounting Principles, this course focuses on complex and specialized accounting topics along with the procedures required for professional accounting certification. Topics include business combinations, governmental, not-for-profit organizations, foreign currency transactions and advanced specialized accounting issued relating to investments, plant assets, and cash flows.
ACCT4002AUDITING
Credits (Min/Max): 3/3
Providing a thorough knowledge of auditing, this course focuses on the application of auditing principles, the attest function, and Generally Accepted Auditing Standards (GAAS). Topics include auditing and assurance services, professional standards, engagement planning, management fraud and audit risk, internal control evaluation, employee fraud, and reports on audited financial statements.
Business Core Requirements: 48 credits
ACCT2003ACCOUNTING I
Credits (Min/Max): 3/3
The first of a two-course introductory financial accounting sequence that examines financial accounting from the viewpoint of preparers and users of financial statements. This course focuses on a basic introduction to Generally Accepted Accounting Principles along with the principles and concepts of recording, processing, and reporting accounting information. Topics include the accounting cycle, including financial statement preparation; merchandising operations, including inventory systems and cost flow assumptions; special journals; internal control systems; cash and bank reconciliations; and receivables and uncollectible accounts.
ACCT2004ACCOUNTING II
Credits (Min/Max): 3/3
The second of a two-course introductory financial accounting sequence that examines financial accounting from the viewpoint of preparers and users of financial statements. This course focuses on a continuation of basic Generally Accepted Accounting Principles along with the principles and concepts of recording, processing, reporting, using, and analyzing accounting information. Topics include long-lived assets, current and long-term liabilities, partnership and corporate equity transactions, the statement of cash flows, and ratio analysis.
ACCT2013MANAGERIAL ACCOUNTING
Credits (Min/Max): 3/3
An examination of the internal uses of accounting information, this course focuses on the relationship between accounting data and management's information needs in support of planning, controlling, motivating, and decision making. Topics include costing systems and behaviors; product costs, period costs, and overhead application methods; cost-volume-profit analysis; budgeting; standards and variance analysis; and managerial decision making.
ADMG1005MACROECONOMICS
Credits (Min/Max): 3/3
An introductory economics course focusing on the field of macroeconomics, including government spending, money, inflation, unemployment and taxes. Also included are brief sections on microeconomic and economic systems.
ADMG1006MICROECONOMICS
Credits (Min/Max): 3/3
An introductory economics course focusing on the field of microeconomics. Price, cost and production theory are covered in relation to competitive, monopolistic and oligopolistic industry structure. The field of labor economics is treated in some detail. Some advanced macroeconomics topics are also covered.
ADMG1018FUNDAMENTALS OF MANAGEMENT
Credits (Min/Max): 3/3
An introduction to the three major schools of management thought: the classical, the behavioral and the management science schools. The major emphasis is on the fundamentals of each school of thought and also on the integrative approach to management, drawing on the systems and contingency approaches.
ADMG2009BUSINESS LAW I
Credits (Min/Max): 3/3
This coure is an introduction to law and legal procedure. Contracts, their nature and requisites formation, operations, interpretation, discharge and remedies are discussed.
ADMG2018ORGANIZATIONAL BEHAVIOR
Credits (Min/Max): 3/3
This course provides an in-depth examination of organizational behavior from a macro-perspective. This course includes a review of the research on organizational structure, technology and the environment, as well as their relationship and the implications for effective organizational design. Also included in the course are discussions of organizational goals and effectiveness, organizational culture, organizational conflict and politics, and alternative organizational structure in the U.S. and abroad.
ADMG2025HUMAN RESOURCES ADMINISTRATION
Credits (Min/Max): 3/3
A study of the basics of human resources management including planning, recruitment selection, motivation and performance appraisal. Also treated are salary benefits systems and an introduction to EEOC and OSHA law.
ADMG4020OPERATIONS MANAGEMENT
Credits (Min/Max): 3/3
Study is given to the basic operations, functions and procedures. An analytical approach is utilized with emphasis on problem solving. Modern management science techniques such as linear programming, PERT and inventory control models are presented.
PREREQUISITES:
Reserved for JR/SR Only
ADMG4055SEMINAR - BUSINESS POLICY
Credits (Min/Max): 3/3
An intensive culmination and synthesization of the study of administration and management consisting of readings, case study and class discussion. The primary emphasis is on the development of the skills of strategic analysis from the viewpoint of the general manager.
PREREQUISITES:
Reserved for Senior Only
FINC3032FINANCIAL MANAGEMENT
Credits (Min/Max): 3/3
This course introduces external sources and processes of finance. Topics include time value of money, term structure of interest rates, risk return trade-off, discounted cash flow, ratio analysis, weighted average cost of capital, and capital budgeting.
FINC3036FINANCIAL INSTITUTIONS
Credits (Min/Max): 3/3
This course will provide an understanding of various types of financial markets and institutions that exist and operate in the U.S. economy. Topics include the Federal Reserve System, Monetary Polcy, and Interest Rates along with the impact at all three have on the state of the economy.
PREREQUISITES:
ADMG1005 & ACCT2004
INMT3039INTERNATIONAL BUSINESS MGMT
Credits (Min/Max): 3/3
An introduction to international business management with particular emphasis on the field of international finance and economics. In addition, the course deals with problems in the area of finance, marketing, production and organization, both from the perspective of the multinational corporation and the domestic corporation trading in international markets.
ISTC1010DIGITAL LITERACY
Credits (Min/Max): 3/3
This course addresses information and technological literacy in the digital age. Students will develop cognitive and technological competencies in both the discovery and evaluation of information, as well as the creation and dissemination of content, all within a digital context. Students will be introduced to a set of basic digital tools, but the focus will be placed on developing the ability to adapt to new and changing technologies in the future.
MRKT2021MARKETING MANAGEMENT (ADMG2021)
Credits (Min/Max): 3/3
A basic study of marketing systems in the American economy. This course includes, identifying the activities involved in the flow of goods among manufacturers, brokers, wholesalers, retailers and consumers. The nature of demand, buyer behavior, costs and pricing, sales strategies, promotions and techniques are presented.Cross-listed with ADMG2021
Major Electives: 6 credits
ACCT2025ACCOUNTING WITH COMPUTERS
Credits (Min/Max): 3/3
A hands-on experience of the integration of technology into the accounting field. This course enables students to work through a complete accounting cycle using a commercial accounting software package. Topics include the preparation of accounting information and its subsequent uses, as well as the instruction of advanced skills needed to use spreadsheet software to prepare schedules commonly found in an accounting environment.
ACCT4051INTERNSHIP - ACCOUNTING
Credits (Min/Max): 1/6
A field experience in an accounting position, supervised by field instructor as well as college faculty. The internship is designed to increase understanding of accounting and the accounting-related issues and perspectives as they relate to the business and social environment.
PREREQUISITES:
Junior or Senior status
ACCT4052INTERNSHIP II - ACCOUNTING
Credits (Min/Max): 1/6
A field experience in an accounting position, supervised by field instructor as well as a LRU faculty member. The internship is designed to increase understanding of accounting and the accounting-related issues and perspectives as they relate to the business and social environment.
PREREQUISITES:
Junior or Senior status
ADMG2010BUSINESS LAW II
Credits (Min/Max): 3/3
Study of sales: Article 2 of the Uniform Commercial Code, transfer of title, warranties, rights and remedies of buyer and seller; Commercial paper; Article 3 of the Uniform Commercial Code and Article 4 of the Uniform Commercial Code: Bank Deposits.
ADMG3010BUSINESS ORGANIZATION AND REGULATION
Credits (Min/Max): 3/3
This course studies the concepts of Unincorporated Business Association and Corporations. It also provides an overview of the issues relating to the Regulation of Business.
FINC3031INVESTMENTS
Credits (Min/Max): 3/3
This course introduces the securities markets and examines the three traditional asset classes of cash, fixed income, and equity. Topics include modern portfolio theory, the relationship between risk and return, efficient markets, technical analysis, behavior finance, and ratio analysis.
FINC3034COMMERCIAL BANK MANAGEMENT
Credits (Min/Max): 3/3
This course provides an in-depth review of all aspects of commercial banking including their role within the economy and how the U.S. regulatory structure and risk factors impact operating performance. Topics include bank structure, regulations, managing interest and non-interest income, and managing interest rate, credit, and liquidity risks.
FINC4033INTERMEDIATE FINANCIAL MANAGEMENT
Credits (Min/Max): 3/3
The course will reinforce and extend the principles and concepts introduced in FINC3032 - Financial Management. Topics include corporate valuation, working capital managment, and strategics decision making, along with the decisions faced by corporate managers as they assess the value of various investment and financial strategies.
INMT4046INTERNATIONAL FINANCE
Credits (Min/Max): 3/3
A growing number of firms engage in various types of international financial transactions. This course focuses on international financial management issues such as foreign exchange markets, international capital markets such as Eurobond markets and international banks, international banking and international risk analysis.
INMT4048INTERNATIONAL LEGAL ENVIRONMENT (INST4048)
Credits (Min/Max): 3/3
This course introduces concepts of international laws of contracts, sales and negotiable instruments. It also provides an overview of problems related to dispute settlement in international business and governmental administrative conflicts that restrict commerce between residents of different nations. Cross-listed with INST4048
ISTC1006
Credits (Min/Max): /
ISTC2021MGMT OF INFORMATION SYSTEMS
Credits (Min/Max): 3/3
This course provides discussion and analysis of current issues related to the management of information systems. The components of an information system; hardware, software, data, connectivity, procedures and people are discussed in relationship to a variety of information systems including collaboration information systems, social media information systems, and enterprise wide systems such as Enterprise Resource Planning, Customer Relationship Management and Supply Chain Management. Other major areas of analysis include cloud computing, business intelligence, and the Systems Development Life Cycle. The focus of the analysis is using Information Systems to gain a competitive advantage in the marketplace.
ISTC2045DATA BASE MANAGEMENT SYSTEMS
Credits (Min/Max): 3/3
This course provides the basic knowledge required to operate and use a computer to perform the practical tasks of data file creation, retrieval of data and maintenance of data files. DBMS's are used for all types of applications involving medium-to-large scale data files. Major focus is on the acquisition of a working knowledge of the theories, principles and operating procedures of data base management systems using a representative DBMS. This course is appropriate for all potential users of computers in all fields of study.
ISTC2050DISTRIBUTED SYSTEMS
Credits (Min/Max): 3/3
In this course, the features and operations of centralized, decentralized and distributed systems are examined. Implications of hardware, software and communications are discussed in relationship to the design, development and implementation of communication systems. Industry-wide standards, protocols and architectures are discussed within the context of enterprise wide systems.
Master's Level : 30 credits
ACCT5020ETHICS AND PROFESSIONAL RESPONSIBILITIES IN ACCOUNTING
Credits (Min/Max): 3/3
This course addresses the accountant's ethical and professional responsibilities when dealing with clients, perspective clients, field work, fellow employees, and within society itself. The student will be presented with numerous situations or case studies where an individual's ethical standards are challenged. Also addressed in the course is how a business's work environment can affect the ethical decision making of its employees.
ACCT5035MODERN ACCOUNTING INFORMATION SYSTEMS
Credits (Min/Max): 3/3
This course examines the risk and control issues specific to the use of information systems in an organization and how these issues affect presentations on the financial statements. Students will analyze and evaluate accounting information systems that support business processes as well as management control and decision-making. Students will learn to determine and document user requirements, communicate results, and support decision-making. Also, students will develop the ability to identify key issues, analyze information, and formulate appropriate and feasible recommendations in regard to accounting information systems.
ACCT5040THE BUSINESS OF READING AND WRITING
Credits (Min/Max): 3/3
This course introduces the student to writings from books and journals that will impact the manner in which students perceive their careers, supervisors, and subordinates. While many of the readings are authored by people from the business world, writings from other fields relevant to the course topics may be used.
ACCT5050FRAUD EXAMINATION
Credits (Min/Max): 3/3
This course highlights controls that prevent fraud and abuse, explores the most common asset theft fraud schemes and teaches the skills needed to determine if inappropriate actions have occurred. It explores the prevailing theories of criminal behavior related to white collar crime, as well as the basics of the regulatory, criminal justice and civil justice systems, relevant federal and state statutes and regulations related to fraud. It also covers fraud prevention and investigation tools related to asset misappropriation.
PREREQUISITES:
Graduate Students Only
ACCT6020ADVANCED FORENSIC ACCOUNTING
Credits (Min/Max): 3/3
This course focuses on detailed financial analysis of various corporate reports to determine if unusual trends appear. Bank fraud, money laundering and bankruptcy proceedings will be studied. Students will study the provisions of the Sarbanes-Oxley Act and distinguish the procedures of fraud investigation from the regular auditing process. This course would be intended to provide students with extended practical guidance and enhance an auditor's abilities to recognize, prevent, and detect financial frauds in organizations. Through case studies, this course will increase students' knowledge about fraud and help students develop the skills to conduct fraud investigations.
ACCT6050WEALTH MANAGEMENT
Credits (Min/Max): 3/3
Wealth management is an investment advisory discipline that incorporates financial planning, investment portfolio management and a number of aggregated financial services. Wealthy individuals, small business owners, and families who desire the assistance of a credentialed financial advisory specialist call upon wealth managers to coordinate retail banking, estate planning, legal resources, tax professionals and investment management. This course introduces the student these areas of asset management by identifying various strategies and practices that best fit the aforementioned groups who need the skills of a professional financial manager.
ACCT6060ACCOUNTING FOR NOT-FOR-PROFIT ENTITIES
Credits (Min/Max): 3/3
This course will cover aspects of accounting that are unique to governmental and not-for-profit organizations. Financial reporting for state and local governments will be covered along with accounting for non-profit entities conducting business-type activities. In addition, regulatory, taxation and performance issues will be discussed. Reference is made to pronouncements of the AICPA, FASB, GASB and other authoritative sources.
ACCT6080CONTEMPORARY ISSUES IN TAXATION
Credits (Min/Max): 3/3
This course will enlighten the student about current tax topics being discussed in Congress or in the court system. An additional focus will be tax planning and compliance.
PREREQUISITES:
Graduate Students Only
ACCT6085INTERNATIONAL ACCOUNTING
Credits (Min/Max): 3/3
This course examines major international dimensions of financial accounting. Discussion will ensue in regard to national and cultural influences on accounting and on the accounting profession. This course investigates financial regulation and varying financial reporting standards in selected foreign countries. It also introduces students to managerial accounting issues raised by international businesses. Analysis and use of the International Accounting Standards are the focus. This course will enable students to acquire skills and perspectives for dealing with international accounting and business issues.
ACCT6099APPLIED RESEARCH
Credits (Min/Max): 3/3
This course requires the masters students to apply their knowledge to a field work assignment assisting a business or businesses in solving accounting problems that the company is experiencing. Students will identify the organizations for their project and have them approved by the instructor. Their efforts will culminate in a written report and class presentation outlining the issues identified and the steps taken to solve each problem.
Skills Component Requirements: 9 credits
ADMG3024PROFESSIONAL PRESENTATION
Credits (Min/Max): 3/3
This course is designed to provide students in the professional areas with training in preparing and giving professional presentations. Students will develop skills in audience/client assessment, research, presentation design and development, using presentation tools and presentation evaluation.
PREREQUISITES:
Reserved for JR/SR Only
MATH1030CALCULUS FOR BUSINESS, ECONOMICSAND MGMT SCIENCES
Credits (Min/Max): 3/3
A one-semester course in the differential and integral calculus of functions of a single variable. Emphasis on concepts and the skills of differentiation and integration with applications from Administration, Economics and Managerial Sciences.
MATH1040PROBABILITY AND STATISTICS
Credits (Min/Max): 3/3
The study of the fundamentals of probability theory with applications to natural and social sciences as well as to mathematics. Discrete and continuous distributions, sampling theory, linear correlation, regression, statistical inference, estimation and analysis of variance are included.