Breadcrumbs

Accountancy

Academic Year: 2009 – 2010

Departmental goals and objectives

The goal of the department is to prepare students for challenging careers and positions of leadership in both the private and public sectors. Specific objectives of the department are:

1) to create a professionally oriented learning environment in which disciplinary competencies and professional ethics develop and grow,

2) to emphasize conceptual knowledge and the development of analytical and problem-solving skills,

3) to nurture a sense of personal, professional, and social responsibility, and

4) to serve as an information resource and a networking hub for students, alumni, employers, and professional organizations.

Upon completion of a Bachelor’s degree through the College of Business and Management, students will meet the following goals and objectives:

  • Demonstrate knowledge of key concepts in the major business disciplines
  • Knowledge in the key business disciplines including accounting,
    economics, management, marketing, finance information systems and the
    legal and social environment of business
  • Able to systematically analyze a business problem using appropriate
    methods
  • Interpretation of evidence
  • Identification and evaluation of points of view
  • Formulation of appropriate conclusions
  • Communicate effectively in written and oral forms
  • Demonstration of effective oral communication skills
  • Demonstration of effective written communication skills
  • Demonstrate effective use of information technology and data analysis
  • Demonstration of communication and presentation technologies used
    in the business environment
  • Understanding of and ability to use common methods of statistical
    inference
  • Understanding of data analysis and its use in business decision
    making

Accountancy graduates will also be able to:
Demonstrate the ability to learn how to learn in order to maintain core competencies and knowledge for employability.

Advising

New students must contact the department for initial advising to plan a program of study that satisfies degree requirements and reflects their interests. Students are also required to access the Degree Audit Reporting System (DARS) throughout their college career to verify that degree requirements are being met.


THE BACHELOR’S DEGREE

The bachelor’s degree prepares students for careers in business, government, and nonprofit organizations. The objectives of the curriculum are to develop technical competencies in each of the major areas of accounting (financial, managerial, auditing, and taxation) and to provide students with educational qualifications needed for the professional certifications of certified management accountant (CMA), certified internal auditor (CIA), certified information systems auditor (CISA), and foundational knowledge required for certified public accountant (CPA).

Foundation requirements

All majors in the College of Business and Management require foundation knowledge in accounting, economics, mathematics, statistics, and the behavioral sciences. Students must earn a cumulative GPA of at least 2.00 across all foundation courses. UIS courses that satisfy the foundation knowledge requirements include:

ACC 211 Introduction to Financial Accounting and
ACC 212 Introduction to Managerial Accounting
ECO 213 Statistics for Business and Economics
MAT 113 Business Calculus (or other calculus)
ECO 201 Introduction to Microeconomics and
ECO 202 Introduction to Macroeconomics
or ECO 315 Economics for Administration
Behavioral science course (only psychology or sociology)

Coursework equivalent to the above may be accepted upon approval by the student’s advisor.

College Core (21 Hrs.)

The college core is required of all undergraduate College of Business and Management students. Students must earn a cumulative GPA of at least 2.00 across all college core courses.

ACC 335 Accounting Information Systems 3 Hrs.*
BUS 302 Principles of Financial Management 3 Hrs.
BUS 312 Principles of Marketing 3 Hrs.
BUS 322 Principles of Operations Management 3 Hrs.
BUS 331 Business and Society 3 Hrs.
MGT 310 Managing Organizational Behavior 3 Hrs.
MGT 488 Strategic Management: The Capstone 3 Hrs.**

*Accountancy majors must take this course to fulfill the Principles of MIS 352 requirement for the college core.

**Prerequisite: All college core courses, and within 12 hours of graduation or during the student’s last semester. A minimum grade of C (2.00) is required in MGT 488.

Major Requirements (21 Hrs.)

To earn a Bachelor’s in Accountancy a student must:
-Complete at least 54 semester hours from a 4 year baccalaureate-granting institution;
-Complete at least 48 semester hours of upper-division (300-400 level) coursework;
-Complete at least one half of his or her business coursework at UIS (college core and major); and

-Earn a cumulative grade point average of at least 2.00 across all courses required for the major.

Students enrolled prior to Fall 2009 may substitute an equivalent 3 hr. Accountancy or equivalent CBM course for a 4 hr. course requirement by use of a Student Petition. All Accountancy majors must complete 21 core credit hours to fulfill the Accountancy core requirements.

ACC 321 Intermediate Financial Accounting I 3 Hrs.
ACC 322 Intermediate Financial Accounting II 3 or 4 Hrs.
ACC 324 Intermediate Financial Accounting III 3 Hrs.
ACC 433 Intermediate Managerial Accounting 3 Hrs.
ACC 443 Federal Income Taxation 3 Hrs.
ACC 464 Auditing Concepts and Responsibilities 3 Hrs.
ACC Elective 3 Hrs.

General Elective 4 -5 Hrs.

Engaged Citizenship Common Experience (ECCE) 13 Hrs.

*Note: Freshmen and sophomore students should be aware that the internship through the Experiential and Service Learning Programs (EXL) is classified as part of the Engagement Experience and the Elective categories in ECCE. If you wish to do an internship during your senior year, you should not fulfill either the Engagement or the Elective requirements with lower division ECCE courses. You should wait to enroll in 6 hours of EXL, which will then fulfill these requirements.

With advisor approval, community college transfer students who complete coursework equivalent to ACC 321, 322 and 324 with a grade of B or better, may not be required to complete these courses at UIS. Acceptance of Accountancy core transfer credit is subject to departmental approval.

Students must complete a minimum of 12 hours in Accountancy prefix courses (ACC) at the UIS College of Business and Management.


ACCOUNTANCY MINOR

To earn a minor in accountancy, students must complete at least 15 hours of Accountancy courses, including three upper division Accountancy courses at UIS. An overall GPA of 2.00 in Accountancy coursework is required to earn the accountancy minor.
ACC 211 Introduction to Financial Accounting (or equivalent)
ACC 212 Introduction to Managerial Accounting (or equivalent)
ACC 321 Intermediate Financial Accounting I
ACC 433 Intermediate Managerial Accounting
One upper division accountancy course from UIS

Students should consult their academic advisor to ensure that the requirements for a minor are met.

Transferring in College Core Courses

(BUS 302, BUS 312, BUS 322, BUS 331, MGT 310, MIS 352, and MGT 488)
The following requirements must be met in order for transfer credit to fulfill an upper division college core course requirement:
-The course must be an upper division course
-The course must have been completed within six years prior to admission
-A grade of C or better must be earned in each course requested for transfer
-No more than 3 courses or 9 hours of transfer credit may be used to fulfill CBM college core
coursework
-MGT 488 Strategic Management: The Capstone, must be completed at UIS.


THE MASTER’S DEGREE

In addition to providing advanced studies in professional accountancy, the master’s degree provides coursework in research methods and related disciplines chosen by the student based on his or her objectives. The degree is largely taught in the seminar and case study format, which serves to enhance communication and critical thinking skills. The master’s degree enables students to achieve professional careers in accountancy, as well as to assume leadership roles in both the public and private sectors. It also serves students who wish to meet the 150-hour requirement to sit for the CPA examination.

Graduate Learning Objectives

After completing the Masters in Accountancy, graduates will be able to:

* Demonstrate the ability to conduct original empirical research into an accounting issue/question and be able to effectively communicate the results of that research.

Entrance requirements

Applicants must have taken the following coursework: introductory courses in financial and managerial accounting, college math through business calculus, principles of economics (micro and macro), statistics, and computer applications (recommended).

Students interested in sitting for the Illinois CPA examination should be aware of the Illinois Board of Examiners’ requirement of 24 hours of business courses. Further information about the exam can be found at http://www.illinois-cpa-exam.com.

Students can be admitted conditionally until all admissions requirements are met. Students receiving financial aid must be fully admitted after one year in order to maintain their eligibility.

The following undergraduate accountancy courses or the equivalent are also required.

ACC 321, 322 and 324 Intermediate Financial Accounting I, II and III (or equivalent)
ACC 335 Accounting Information Systems (or equivalent)
ACC 433 Intermediate Managerial Accounting (or equivalent)
ACC 443 Federal Income Taxation (or equivalent)
ACC 464 Auditing Concepts and Responsibilities (or equivalent)

An overall GPA of 2.70 in Accountancy prerequisite courses is required for full admittance into the master’s degree program.

Degree requirements (30 Hrs.)
Accounting topics courses 21-24 Hrs.
Business and administrative topics 3-6 Hrs.
ACC 583 Accountancy Capstone 3 Hrs.

An overall GPA of 3.00 is required to earn the master’s degree in Accountancy. Also students must earn a grade of C or better in all their courses.

Graduation requirements/master’s closure

Students must satisfy all UIS requirements and complete ACC 583 Accountancy Capstone. University policy requires students who do not complete ACC 583 in one semester to enroll in ACC 584 Accountancy Capstone Continuing Enrollment (zero credit hours, one billable hour) each fall and spring semester until the capstone course requirements are met.

Continuing Professional Education

The UIS College of Business and Management is officially recognized by
the state of Illinois as a sponsor of continuing professional education
(CPE) courses for accountants. Information about specific courses and CPE
credit can be obtained by calling the Accountancy Department at (217) 206-6541.


DEGREES:

Bachelor of Arts, Master of Arts, Undergraduate Minor

FACULTY

Leonard Branson, Thomas Clausen, Jeffrey Decker, Karl McDermott, Donald Morris, Stephen Owusu-Ansah, Carl Peterson, R. Stephen Scott

Emeritus Faculty: Bonnie Moe, John Nosari, David Olson, Donald Stanhope, John Stroope

CONTACT INFO:

Phone: (217) 206-6541
Email: acc@uis.edu
Website: www.uis.edu/accountancy/