Accelerated Degree Programs

Bachelor of Science in Accounting

ACBSP Candidate for Accreditation The accounting department offers a major in accounting that prepares students for the CPA* profession, careers in corporate, governmental and not-for-profit accounting, or graduate study. Albright College is currently a candidate for ACBSP accreditation.

Resources

Accounting Fact Sheet (Albright Career Development Center)
Accounting Careers (Albright Career Development Center)
Requirements to sit for CPA Exam (Pennsylvania Institute of Certified Public Accountants)
BLS Occupational Outlook (Bureau of Labor Statistics)

Albright College Faculty

  • Gertrude A. Eguae-Obazee, D.B.A., C.P.A.
    Associate Professor, Chair & Academic Program Coordinator
  • Joseph Cunningham, M.B.A., C.P.A.
    Assistant Professor
  • Thomas Schuster, M.S., C.P.A.
    Assistant Professor

Overview

Albright College’s Accounting Program strives to prepare qualified students with a well-rounded undergraduate education in accounting. Our program combines the general liberal arts, functional knowledge of the global business environment, and a comprehensive accounting education.

The strength of the accounting undergraduate program lies in its strong practical and theoretical content emphasis to help students prepare for ethical participation in various accounting careers, which includes careers in public and private accounting and governmental and not-for-profit accounting. The program also prepares students for graduate studies in accounting, taxation, international business, and business.

Angela Wolfgang, Accounting major

Assessments frequently measure two types of outcomes, which are skills related specifically to accounting and more general, transferable career skills. The Accelerated Degree Program in Accounting at Albright College requires demonstration of specific accounting competencies, such as knowledge of tax laws and financial reporting requirements. Transferable skills identified by the U.S. Department of Labor which include reading, writing, and arithmetic, problem-solving, critical thinking and communications skills are also common targets of assessments for this program.

Required Courses

78 credits in general studies & elective credits
48 credits in Accounting at Albright College (16 Courses — 3 credits per course)

ACC 905 Accounting: The Language of Business

An introduction and overview of the role of accounting in business and organizations. The course will cover 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. Students will also learn how the time value of money affects financial transactions.

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: ACC905

ACC 912 Financial Reporting I

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 914 Financial Reporting II

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 916 Financial Reporting 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 Federal Taxation: Compliance and Planning

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.
Prerequisite: ACC 908

ACC 930 Advanced Taxation: Issues and Research

Advanced taxation builds on the tax compliance foundation, utilizing more complex cases 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: 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 and federal designations, and maintenance of tax-exempt organizations.
Prerequisite: ACC 908

ACC945 Corporate Reporting

This course provides a basic foundation for analyzing financial information as a basis for decision making and preparing and interpreting information for planning and control. Topics include business consolidation, segment reporting, earnings per share related party transactions, and SEC compliance and reporting standards. Corporate Reporting deals with the exploration and discussion of legal, financial and business issues unique to a corporation’s entities.
Prerequisite: ACC925

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.
Prerequisite: ACC908

ACC 980 Strategic Cost Management

This course includes traditional as well as current practices in cost accounting. The focus is on methods that will be useful to students in their careers. The course introduces relevant costs and their use in decision making, including cost functions and behavior. Once these are understood, the student will be better able to understand the uses and limitations of cost allocations. Because performance measurements and evaluations rely on decision making and allocation of information, the course considers a variety of performance measurement and evaluation techniques and issues throughout the text, such as planning, monitoring and motivating, as well as measuring and using costs for Management decisions.
Prerequisite: ACC 925

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 908

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 925

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.
Prerequisite: ACC 960

ACC 950 International Accounting

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.)