Accounting

Anne Marie Pasquale, Esq. Chair

The major in Accounting provides graduates with a comprehensive framework to meet the challenges of a digital world with an in depth understanding of financial accounting, managerial accounting, taxation, audit, and financial reporting systems. Students majoring in Accounting will utilize analytical tools and data visualization software to explore disruption in the digital age and its impact on the accounting profession. Complimented by a comprehensive liberal arts foundation students also develop the skills to be leaders in their field, critical thinkers, creative problem solvers, valuable contributors to their firms and the profession, and use professional judgement and skepticism to serve and protect the public. Additionally, students will participate in at least one internship in public and/or private accounting which offers them the opportunity to put their skills into practice, collaborate with colleagues, and develop a network within the profession. Graduates will be well prepared for a variety of careers including public accounting, corporate accounting, government accounting, and much more.

Students who successfully complete the Accounting major at Emmanuel College are qualified to sit for the CPA exam in Massachusetts but may need take additional credits for the CPA license, which currently requires 150 credits. Students planning to take the CPA exam should discuss this with their academic advisor. For additional information on CPA licensure, please refer to the Massachusetts Society of CPAs at www.mscpaonline.org, or the state society in which you intend to practice.

LEARNING GOALS AND OUTCOMES

At the completion of the Accounting major, students will: 1. Recognize issues of personal and social responsibility in their organizations and communities. 2. Demonstrate a knowledge base of concepts and analytical tools within accounting and be able to apply this knowledge to problem identification, analysis and resolution. 3. Communicate effectively orally and in writing, using concepts and analytical tools from accounting. 4. Better understand their values, their strengths, their weaknesses and their interests—and be able to apply this self-knowledge to job and career path decisions. 5. Recognize the value of ongoing professional development and the importance of participating in professional organizations. 6. Utilize accounting principles and managerial/cost accounting practices. 7. Integrate international operations into the accounting process. 8. Understand taxation regulations and auditing practices.

THE CAPSTONE EXPERIENCE

The culminating experience for all Accounting majors is Advanced Accounting (ACCT4201). This is typically completed in the spring semester of the student’s final year of study. During the Capstone students study advanced topics that integrate their learning from previous courses.

B.A. IN ACCOUNTING

Requirements for Major:

ACCT1201 Financial Accounting (QA) (QR) ACCT2201 Managerial Accounting ACCT2203 Intermediate Accounting I ACCT2204 Intermediate Accounting II ACCT2206 Cost Accounting ACCT3203 Auditing and Assurance Services ACCT3296 Accounting Internship ACCT3411 Federal Income Taxes ACCT3413 Accounting Information Systems ACCT4201 Advanced Accounting ECON1101 Principles of Microeconomics (SA) (SS) MATH1118 Introduction to Statistics with R (QA) (QR) MATH1111 Calculus I (QA) (QR)

or

MATH1121 Applied Mathematics for Management (QA) (QR)* MGMT1101 Introduction to Business MKTG2200 Principles of Marketing MGMT2301 Legal Environment of Business MGMT2307 Organizational Behavior (SA) MGMT3302 Operations Management MGMT3305 Financial Management

*Students with a strong math background may take MATH1111 Calculus I or MATH1112 Calculus II.

MINOR IN ACCOUNTING

Requirements for Minor:

1. ACCT1201 Financial Accounting (QA) (QR) 2. ACCT2201 Managerial Accounting 3. ACCT2203 Intermediate Accounting I 4. ACCT2204 Intermediate Accounting II

5.-6. Choose two electives:

ACCT2206 Cost Accounting ACCT3411 Federal Income Tax ACCT3413 Accounting Information Systems

DISTINCTION IN THE FIELD

Seniors with a GPA of at least 3.5 are invited to participate in Distinction in the Field. To actually graduate with Distinction, the student must complete all requirements for the Distinction research project and have a final GPA of 3.5.