Nov 22, 2024  
2016-2017 Evening, Weekend, Online Academic Catalog 
    
2016-2017 Evening, Weekend, Online Academic Catalog [ARCHIVED CATALOG]

Accounting, B.A.


The accounting major does not simply teach one to balance books; it trains students to be economic problem-solvers and analysts, professionals who are able to identify, measure, and make judgments about all types of economic information. These accounting skills lead to rewarding positions in financial and tax planning, business consulting, bookkeeping, auditing, and many other fields in the global marketplace. With a few additional courses, the Lakeland accounting major qualifies its students to sit for the CPA and CMA examinations.

Students who have successfully completed a B.A. in Accounting from Lakeland University should be able to:

  • Explain the major concepts in the functional areas of economics, marketing, finance, management, and management information systems.
  • Construct and present effective oral and written forms of professional communication.
  • Identify the key legal and ethical issues related to contemporary accounting scenarios.
  • Demonstrate responsible and effective workplace behavior skills and traits in a professional business environment.
  • Explain the major concepts in the functional areas of financial accounting, cost accounting, taxation, and auditing.

 

Please Note: Accounting candidates who wish to sit for the Uniform Certified Public Accountant (CPA) exam must complete a minimum of 120 semester hours of college credit prior to sitting for the exam, but must earn a minimum of 150 semester hours of college credit to apply for the CPA credential. The Wisconsin Institute of Certified Public Accountants recommends that “accounting students include courses in critical thinking, communications, psychology, business management, computer skills and ethics as part of their 150 hours.” (See www.nasba.org).

The Certified Management Accountant (CMA) exam may be taken by students with Senior standing (Please see www.imanet.org).

Note(s):


Generally, Lakeland will accept accounting credits earned for coursework taken at accredited two-year, post-secondary institutions to meet requirements for the accounting major. However, ACC 355 - Federal Income Tax II , ACC 396 - Intermediate Accounting II , ACC 471 - Advanced Accounting I , ACC 472 - Auditing Theory and Practice , and ACC 474 - Advanced Accounting II  must be taken and passed at Lakeland to meet requirements of the accounting major. Taking these courses at Lakeland will not cause the loss of credits for courses of the same or similar titles transferred from two-year institutions; nor will taking any two of the following courses: ACC 395 - Intermediate Accounting I , ACC 420 - Cost Accounting , ACC 350 - Federal Income Tax I , or ACC 465 - Accounting Information Systems , jeopardize the transfer of credits for courses of the same or similar title taken at a two-year institution.

*Available Business Administration emphases that may be pursued can be found under the Business Administration section of this catalog.