Accounting

Program Curriculum

• Major

  Accounting majors are required to complete 9 accounting courses and 9 interdisciplinary courses as part of their core accounting curriculum. The curriculum provides the basic educational background needed to sit for the Certified Public Accountant (CPA) and/or Certified Management Accountant (CMA) examinations.

  BUSINESS CORE (8 COURSES)

  ACC 125	Financial Accounting
  ACC 126	Managerial Accounting
  ECO 110	Microeconomics
  ECO 111	Macroeconomics
  MGT 100	Introduction to Management
  MKT 101	Principles of Marketing
  ECO 115	Statistics

  ACCOUNTING CORE (9 COURSES)

  ACC 200	Intermediate Accounting I (Fall Only)
  ACC 201	Intermediate Accounting II (Spring Only)
  ACC 205	Data Analytics for Accounting (Fall Only)
  ACC 211	Accounting Information Systems (ACC 205 is a pre-requisite)
  ACC 310	Federal Income Taxes (Fall Only)
  ACC 399	Accounting Internship
  ACC 420	Auditing (Fall Only)

  The following electives are available to supplement the major requirements listed above. None of these courses is required to meet the undergraduate degree requirements but will assist in fulfilling the educational requirements for certification (see Requirements for Uniform CPA Examination and Certification below).

  ACC 250	Personal Finance
  ACC 320	Advanced Accounting (Spring Only)
  ACC 331	Fraud Examination
  ACC 332	Forensic Accounting
  MGT 320	Issues in Corporate Governance and White Collar Crime

  ACC majors in the class of 2028 who wish to take the CPA exam should consult with Accounting faculty about the need to take Cost Accounting. Advisors should ask ACC majors from the Class of 2028 to meet with the ACC chair or with a member of the ACC faculty before course selection.

  Course Descriptions

  • Major in Accounting Course Descriptions

  Academic Catalog & Advising Guide
• Learning Goals

  Learning Goals

  • Master fundamental knowledge, concepts, and theories within the field of Accounting
  • Understand how to work in a professional multi-cultural and global environment
  • Understand ethical reasoning and act in a socially responsible manner
  •  Exercise critical thinking and creative problem-solving skills resulting in good decision-making
  • Communicate effectively
  • Relate well to others and perform well as an individual or as part of a team
• Uniform C.P.A. Examination and Certification

  Certified Public Accountant (C.P.A.) candidates should note that all states have adopted some version of what has come to be called the 150-hour rule. This rule requires 150 semester hours of university education as a condition either to take the Uniform C.P.A. Examination or to become certified as a C.P.A. In Massachusetts, the requirement to take the C.P.A exam is 120 semester hours of university education, and then 150 hours of education are required to obtain certification (the C.P.A. license). While the requirement does not specifically call for a graduate degree, 30 additional semester hours (150 hours less the 120 hours required in our undergraduate Accounting program) does represent a full year of study after the Bachelor’s degree. Assumption has designed a Six-in-Five Accelerated CPA track M.B.A. program to enable our C.P.A. candidate majors to begin their graduate studies during their senior year, satisfy the additional credit hour requirement, and receive both a B.A. and M.B.A. degree in five years instead of the six years these two degrees customarily require. Students planning to sit for the Uniform C.P.A. Examination should consult with the Accounting faculty no later than fall of their junior year. This will allow the student to devise a strategy for meeting the educational requirements.

  Students who wish to apply for certification in Massachusetts after successful completion of the C.P.A. Examination should take the following courses to fulfill the specific requirements for certification:

  At Least One Course in Each Area

  Area 1

  ACC 331	Fraud Examination
  ACC 332	Forensic Accounting
  IDS 250	Community Tax Assistance

  Area 2

  BUS 320	Issues in Corporate Governance and White Collar Crime
  ACC 250	Personal Finance
  PHI 260	Business Ethics

  Any business or economics course not required for the accounting major

• Accelerated Accounting & MBA Programs

  Assumption’s CPA Track MBA program is designed to enable accounting majors who are likely CPA candidates to begin their graduate studies during their senior year. They satisfy the additional 30-hour requirement and receive both a BA and MBA degree in 5 years.

  Candidates should apply to the program during the spring of their junior year and no later than April 1 of their senior year. Accounting majors who are accepted into the program may substitute two MBA courses during their senior year to meet graduation requirements.

• Minor

  Required Courses (3)

  ACC 125	Financial Accounting
  ACC 126	Managerial Accounting
  MGT 100 OR MKT 101	Introduction to Management OR Principles of Marketing

  Electives (4)

  ACC 200	Intermediate Accounting I
  ACC 201	Intermediate Accounting II
  ACC 205	Data Analytics for Accounting
  ACC 211	Accounting Info Systems
  ACC 2250	Personal Finance
  ACC 260	Community Tax Assistance
  ACC 310	Federal Income Taxes
  ACC 320	Advanced Accounting
  ACC 331	Fraud Examination
  ACC 332	Forensic Accounting
  ACC 420	Auditing

  Course Descriptions

  • Minor in Accounting Course Descriptions

  Academic Catalog & Advising Guide
• Minor in Fraud Examination & Forensic Accounting

  In today’s society fraud is increasingly a public concern. From corporate malfeasance to embezzlement, improper business practices damage the economy, destroy businesses and ruin lives. Therefore, it’s no surprise that the area of forensic accounting and fraud examination is currently the fastest-growing niche in the accounting profession.

  By combining accounting financial knowledge with investigative skills, forensic accountants help ensure compliance at all levels of the economy. As part of a growing field, forensic accountants find employment in diverse fields such as criminology, cybersecurity, and strategic risk with organizations that include the FBI and the Big 4 public accounting firms.

  Required Courses (7)

  ACC 125	Financial Accounting
  ACC 126	Managerial Accounting
  MGT 100	Introduction to Management
  ACC/MGT 331	Fraud Examination
  ACC 332	Forensic Accounting
  BUS 320	Issues in Corporate Governance and White Collar Crime
  CYB 115	Cybersecurity Fundamentals

  Course Descriptions

  • Minor in Fraud Examination & Forensic Accounting Course Descriptions

  Academic Catalog & Advising Guide