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Bachelor of Science in Accounting

The accelerated program in accounting prepares students for careers in public and private accounting and in obtaining professional certifications. This major also provides students with a strong foundation for entering a graduate school program.

Academic Program Coordinator: Richard Chamberlain
tel: 610.921.7799
email: rchamberlain@alb.edu


Alex Colon, accounting major as well as realtor and tax accountant, found that Albright’s one night a week model enabled him to work toward his degree... and reaching his potential. Read Alex’s story (as well as watch him in this video) and learn how the Accelerated Degree Programs can get you further.

What is a career in accounting like? (from www.bls.gov/k12/money01.htm)

Accountants and auditors keep track of a company’s money. The company’s managers and people outside the company read their reports. Managers look at the accountants’ reports to see how well their companies are doing. Governments use the reports to tell how much tax a company should pay. Some people read them to decide if they want to do business with the company. Others use them to decide if they want to lend money to the company.

There are four kinds of accountants:

  • Public accountants work for public accounting companies. They do accounting, auditing, tax and consulting work. Some have their own businesses. They do many different kinds of accounting for people outside the company.
  • Management accountants keep track of the money spent and made by the companies for which they work.
  • Internal auditors make sure that a company’s accounting records are right. They check the records to see that no one in the company is stealing. They also check to see that no one in the company is wasting the company’s money.
  • Government accountants and auditors make sure that government accounting records are accurate. They also check the records of people doing business with the government.

Accounting is a versatile degree. Students who graduate with a concentration in accounting may find jobs in many areas, including sales, production, management, product development, general management, banking and financial planning. Learn more at www.bls.gov/oco.

Course Descriptions

ACC 905 Accounting: The Language of Business

An introduction and overview of the role of accounting in business and organizations. The course covers current events, accounting research, the preparation of financial statements, and the interpretation of the financial information prepared by management and used by investors, creditors and regulatory agencies.

ACC 908 Financial Accounting

An introduction to the basic accounting transactions that corporations use on a daily basis. Once the transactions are recorded, the financial statements learned in ACC 905 will be prepared so that students can then perform vertical and horizontal analyses and calculate key financial ratios in order to properly analyze the performance of a company. Students will continue to research accounting topics that currently affect our economy. (Prerequisite: ACC 905)

ACC 912, 914, 916 Financial Reporting I, II & III

An in-depth study of generally accepted financial accounting concepts, standards and applications for business enterprises. Financial reporting covers the recognition, measurement, valuation and presentation of specific types of transactions, items and events in financial statements in conformity with generally accepted accounting principles. (Prerequisite to ACC 912: ACC 908, Prerequisite to ACC 914: ACC 912, Prerequisite to ACC 916: ACC 914)

ACC 920 & 930 Federal Taxation I & II

The study of federal tax law, regulations and procedures as applied to business entities and individuals. Coursework emphasizes compliance and planning for income reporting, deductions, property transactions, minimizing taxable income, and choosing a business form. Cases will be used to develop expertise in issues identification and research techniques. The course will also cover the fundamentals of more advanced topics — gift and estate taxes, trusts, and tax administration. (Prerequisite to ACC 920: ACC 908, Prerequisite to ACC 930: ACC 920)

ACC 935 Government and Not-for-Profit Organizations

A foundation in identifying, compiling and analyzing financial information for state and local governmental entities and not-for-profit organizations. Topics include the basics of fund accounting, application of generally accepted accounting principles, the preparation of financial statements & reports, federal designations and maintenance of tax-exempt status. (Prerequisite: ACC 916)

ACC 940 Professional Responsibilities and Legal Issues

Studies and discussion focus on the professional and legal issues confronting accountants and professional firms. Special emphasis will be given to codes of professional conduct, professional standards, illegal acts, management fraud, auditor’s liability, government regulation, and contractual obligations. (Prerequisite: ACC 916)

ACC 945 Corporate Reporting

This course builds and strengthens financial accounting skills. It provides an in-depth study of business combination accounting issues: equity method of accounting for partial ownership, acquisition method of recording combinations, and consolidation of accounts of two or more companies including issues of noncontrolling interests, intra-entity transactions and variable interest entities. Also develops an understanding of partnership accounting and translation of foreign currency financial statements. (Prerequisite: ACC 916)

ACC 950 International Accounting

This course provides an introduction to the accounting issues related to international businesses. There will be a focus on differences in financial reporting across countries and the international harmonization of accounting standards. Topics will include analysis of foreign financial statements, operational control of foreign subsidiaries, and International Financial Reporting Standards. (Prerequisite: ACC 916)

ACC 910 Managerial Accounting

This course provides a basic foundation for analyzing and interpreting financial information as a basis for decision making and preparing and interpreting information for planning and control. Topics include budgeting, costing techniques, cost allocations, volume and profit analysis, and inventory control. Students will also learn how the time value of money affects financial transactions. (Prerequisite: ACC916)

ACC 980 Strategic Cost Management

This course builds on the techniques learned in ACC 910. The course introduces relevant costs and their use in decision making, including cost behavior and capital expenditure analysis. The course considers a variety of performance measurement and evaluation techniques and issues, such as planning, monitoring and motivating, as well as measuring and using costs for management decisions. (Prerequisites: ACC 910 & 916)

ACC 960 Auditing I

This course is designed to provide a basic understanding of the audit function and the role and professional standards of the independent auditor. Topics will include generally accepted auditing standards, risk assessment, fraudulent reporting, detection risk, auditor reports, and auditor independence. (Prerequisite: ACC 916)

ACC 962 Auditing II

This course will build upon the basic auditing concepts learned in ACC 960 so that students will have a comprehensive knowledge and understanding of the role and impact of the external auditing profession on our economy. Specific procedures that auditors use will be examined. (Prerequisite: ACC 960)

ACC 990 Accounting Issues

A summary course that integrates previous courses by researching and analyzing the dilemmas and challenges of compiling, reporting and interpreting financial information. This course will utilize recent professional developments as a foundation for debates and research. Sample mini-CPA exams will also be taken so that students have the opportunity to see if they are interested in CPA or CMA certifications. (Prerequisite: All of the 15 ACC courses need to be completed.)