Catalog • 2012-2013

Accounting - Major/Minor

For information, contact Ibolya Balog, CPA, MBA.

Program Description

The accounting major is offered by the Department of Business, Management, and Economics. It is multidisciplinary and asks students to develop analytical, mathematical, financial, legal, and managerial skills to prepare them for careers in public, managerial, governmental, or tax accounting, as well as internal auditing.

The accounting program can be used by students in working toward the 150-semester hour education requirement promoted by the American Institute of Certified Public Accountants (AICPA). Effective January 1, 2012, 150 semester hours of education is required in Pennsylvania as well as surrounding states in order to sit for the CPA exam. Students should seek advice from an accounting advisor to plan course work adequately. Accounting students may not double-major in accounting and business, nor may they minor in business.

Program Mission Statement

The mission of the accounting degree program at Cedar Crest College is to prepare students for a career as a business leader through well rounded exposure to rigorous study of accounting theory and hands-on, practical experience in the combined areas of financial reporting and analysis, managerial accounting and decision support, taxation and assurance services, and ethical consideration and implication of business decision making and reporting in accordance with applicable standards in the global community.

Total number of credits required by the major: 57

Accounting Major

Program Requirements

All courses within the major must be passed with a grade of C- or better; however, a minimum cumulative grade-point average of 2.25 and a minimum average in the major of 2.50 must be achieved.

Course Requirements

Students majoring in the Department of Business, Management, and Economics are required to take the following courses, in addition to courses required for their specific major:

ACC 101 Financial Accounting 3 credits
ACC 102 Managerial Accounting 3 credits
ACC 205 Business Enterprise Systems 3 credits
ACC 250 Principles of Finance 3 credits
ACC 281/ACC 282 Business Ethics 3 credits
BUA 219 Quantitative Methods for Business and Economics 3 credits
BUA 221 Business Law 3 credits
BUA 300 Writing for Management 3 credits
BUA 345 Operations and Supply Chain Management 3 credits
ECO 101 Principles of Economics: Macro 3 credits
ECO 102 Principles of Economics: Micro 3 credits
MRK 230 Principles of Marketing 3 credits

Accounting Requirements
ACC 203 Cost Accounting 3 credits
ACC 208 Intermediate Accounting I 3 credits
ACC 209 Intermediate Accounting II 3 credits
ACC 217 Corporate Taxation 3 credits
ACC 218 Personal Income Tax Accounting 3 credits
ACC 308 Advanced Financial Accounting 3 credits
ACC 312 Auditing 3 credits
BUA 350 Leadership 3 credits
Internship 3-9 credits (required for traditional students)

Liberal Arts Curriculum Requirements fulfilled within the Major

The student fulfills the Technology, Oral Presentation, and Information Literacy requirements by successfully completing the following courses embedded within the accounting major:

Technology: ACC 205 Business Enterprise Systems
Oral Presentation: BUA 300 Writing for Management

The following Liberal Arts Foundation requirements may be fulfilled by successfully completing the corresponding courses within the major:

WRI-2: BUA 300 Writing for Management
Ethics: BUA 281 Business Ethics

Accounting Minor

Program Requirements

All Cedar Crest College students are eligible to take this minor. Business Administration majors cannot apply any accounting electives to their major if they choose this minor.

Required Courses

ACC 101 Financial Accounting 3 credits
ACC 102 Managerial Accounting 3 credits
ACC 205 Business Enterprise Systems 3 credits
ACC 208 Intermediate Accounting I 3 credits
ACC 209 Intermediate Accounting II 3 credits

Post-Baccalaureate CPA Certificate

According to the Pennsylvania Institute of Certified Public Accountants (PICPA), a person who is interested in sitting for the CPA exam must have a baccalaureate or master’s degree and have completed at least a total of 36 semester credits in accounting and auditing, business law, finance or tax subjects. This specialized certificate is for those individuals who possess a bachelor’s degree in a field other than accounting. By completing the 36-credit certificate, students will be able to meet the educational requirements mandated by the State Board of Accountancy and will be qualified to sit for the CPA exam in Pennsylvania, as well as gain exposure to all areas of examination testing. When combined with a previously earned Baccalaureate degree, this program will fulfill the 150 semester hour requirement promoted by the American Institute of Certified Public Accountants, and required by Pennsylvania and most states in the nation. At least 8 of the 12 required courses must be taken at Cedar Crest College.

Required Courses

ACC 101 Financial Accounting 3 credits
ACC 102 Managerial Accounting 3 credits
ACC 205 Business Enterprise Systems 3 credits
ACC 208 Intermediate Accounting I 3 credits
ACC 209 Intermediate Accounting II 3 credits
*ACC 217 Corporate Taxation 3 credits
*ACC 218 Personal Income Tax Accounting 3 credits
ACC 250 Principles of Finance 3 credits
*ACC 281/ACC 282 Business Ethics
*ACC 308 Advanced Accounting
*ACC 312 Auditing 3 credits
*BUA 221 Business Law 3 credits

*Must be taken at Cedar Crest College.