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Accounting Major Curriculum Track

Suggested general track for freshman accounting majors (suggested year totals are in parenthesis). Total credits per year include General Education/Elective credits and 1 activity per year. The suggested track should be closely aligned to other universities and 2 year colleges for progression of accounting courses and should only have to be slightly modified based on major, general education fulfillment and electives that have been transferred in.

Freshman First Semester Course Title Credits
Course # General Education 9-10
Requirements/Electives
ACCT 221 Principles of Accounting I 3
ECON222 Principles of Microeconomics 3
Total 15-16
Freshman Second Semester
General Education 9-10
Requirement/Electives
ACCT 223 Principles of Acctounting II 3
COMM 345 Business Communications 3
Total 15-16 (31)
Sophomore First Semester
General Education Requirements 3-4
ACCT 427 Intermediate I 3
BUAD 323 Business Law I 3
MATH 220 College Algebra 3
Total 15-16
Sophomore Second Semester
General Education Requirements 3-4
ACCT 428 Intermediate II 3
ACCT 301 Accounting Info Systems 3
BUAD 324 Business Law II 3
BUAD 321 Business Statistics 3
Total 15-16 (32)
Junior First Semester
General Education Requirements
3-4
Comp Elective I 3
ACCT 523 Advanced Accounting
3
ACCT 511 Taxation I
3
BUAD 424 Financial Management
3
Total
15-16
Junior Second Semester
General Education Requirements
3-4
Comp Elective II
3
ACCT 315 International Accting & Global
3
ACCT 512 Taxation II
3
BUAD 326 Marketing
3
Total
15-16
Senior First Semester
General Education
6-7
Requirements/Electives
ACCT 426 International Controls & Corp. Gov 3
Bus. Ethics or Ethics Elective 3
BUAD 329 Principles of Management 3
Total 15-16
Senior Second Semester
General Education 9-10
Requirements/Electives
Auditing and the Acct. Prof (capstone) 3
Cost ACCT 3
Total 15-16

Volunteer Opportunities

VITA (Volunteer Income Tax Assistance)

The VITA program is sponsored by the IRS and offers free income tax assistance for households with incomes of $50,000 or less. All volunteers must be IRS certified in certain levels of income tax preparation. Specifically, volunteers help participants complete their income taxes, file them and provide them with an estimated date that their refund will arrive.

To learn more information about VITA and ways to get involved, contact:

Dr. Patrick Malloy
Chair of the Accounting Program
Assistant Professor of Accounting
Advisor to the Accounting Society
patrick.malloy@fsmail.pfeiffer.edu


Cost Project with the Small Business Center

This project provides an opportunity for the cost accounting class to work directly with clients from the Small Business Center in Albemarle, NC. Students gain invaluable, real-world experience that most people only get after graduation. In turn, the client has an opportunity to form a partnership with a knowledgeable group of students and learn about financial aspects of investing in a small business. Over the course of the project, the class meets with the client and creates on a business plan and financial forecasts to help the client decide if s/he should start their own business.

To learn more information about the Cost Project with the Small Business Center and ways to get involved, contact:

Dr. Patrick Malloy
Chair of the Accounting Program
Assistant Professor of Accounting
Advisor to the Accounting Society
patrick.malloy@fsmail.pfeiffer.edu

Accounting-Courses Offered

 

ACCT 201 Introduction to Financial Accounting
S 3 SH
The course introduces students to the foundations of financial accounting, how business decisions influence
the presentation of accounting information, the composition and basic theory of the financial statements,
how changes in the business environment and globalization are impacting accounting theory, and the
basics of financial statement analysis.

 

ACCT 202 Introduction to Managerial Accounting
S 3 SH
The course introduces students to the foundations of payroll accounting, inclusive of: reconciliations, federal
state and local payroll reporting requirements and issues, and federal state and local regulations regarding
payroll withholding and exemptions. Prerequisite ACCT 201, Introduction to Financial Accounting.

 

ACCT 301 Accounting Information Systems
S 3 SH
Introduction to computerized accounting information systems and the complexities involved in auditing and providing internal controls to information systems in a complex business environment. Prerequisite: ACCT 201 & 202

 

ACCT 302 Payroll Accounting
S 1 SH
The course introduces students to the foundations of payroll accounting, inclusive of: reconciliations, federal
state and local payroll reporting requirements and issues, and federal state and local regulations regarding
payroll withholding and exemptions. Prerequisite: ACCT 201, Introduction to Financial Accounting.

 

ACCT 303 Excel Spreadsheets
S 1 SH
The course introduces students to the foundations of payroll accounting, inclusive of: reconciliations, federal,
state and local regulations regarding payroll withholding and exemptions. Prerequisite: ACCT 301,
Accounting Information Analysis.

 

     

ACCT 310

Cost Accounting

S

3 SH

Determination of costs in inventory valuation and performance evaluation; standard costs and variance analysis. Prerequisites: ACCT 202.

 

ACCT 315

International Accounting & Globalization S 3 SH

The overall objective of the course will be to examine the differences between international standards and
US GAAP. The student will conduct research by comparing and contrasting the different standard setting
processes (GAAP rules based versus International principles based), as well as the differences between
selected standards. The student will also research the history of international accounting within the framework
of globalization. Students will examine and report on the Global Reporting Initiative(Corporate Social
responsibility and Triple Bottom Line reporting). The course will also cover the complexities involved in
convergence, harmonization and implementation of International Accounting Standards, and the impact on
corporate governance. Prerequisite ACCT 201 & 202; Open to all business majors. Students will research
the correlation between developments in organizational structure and accounting theory, as well as the
development of international business and movement towards convergence.

       
ACCT 323 Intermediate Accounting I F 3 SH
An in-depth analysis of the requirements of outsiders (investors, auditors and governments) for information about the status and operations of firms. The application of various theories and concepts will be stressed. Prerequisite: ACCT 202.
 
ACCT 324 Intermediate Accounting II S 3 SH
A continuation of ACCT 323 with an emphasis on accounting problems peculiar to corporate organizations and governmental units. Prerequisite: ACCT 323.
ACCT 330 Financial Information Analysis S 3 SH
This course will cover financial statements as a whole, including the MDA, CDA, the notes (disclosures)
and other pertinent information contained in a full set of Financial Statements. Topics that will be covered
are the relationship between the components, such as management’s plans for the future, and how to
analyze that information based on the financial data, current trends in the various national and international
capital markets, cost of capital analysis, and financial analysis as it specifically relates to audit and fraud
practices. Students will also be require to research companies in the SSEC and PCAOB data bases for
current issues or investigations the company may be undergoing, and analyze how to potential outcomes
may affect the financila position of the company (Cross-listed as FFFE 330). Prerequisites: ACCT 324
or permission of the instructor.
ACCT 331 Taxation I F 3 SH
A study of federal income tax laws and regulations applying to individuals.
ACCT 332 Taxation II S 3 SH
A study of federal income tax laws and regulations as they apply to property transactions and corporations.
Prerequisite: ACCT 331.
ACCT 333  Advanced Accounting
F  3 SH
This class will cover such topics as government and not-for-profit accounting systems, mergers and acquisitions,
partnership and other business venture accounting, and other current event topics. The course
will focus on advanced problem solving, including problem solving approach and analysis. Discussions
will revolve around recent statements and pronouncements of the AICPA, the FASB, and the SEC. Prerequisites:
ACCT 323 and 324.
ACCT 337 Forensic Accounting F 3 SH
The overall objective of this course will be familiarizing students with the processes procedures of a forensic
accounting audit. The students will be able to distinguish between an audit and a forensic examination,
and how forensic accounting is used as both an internal and external procedure by an organization
as a fraud deterrent. The introduction of law enforcement and public forensics will also be examined.
Prerequisite: ACCT 201 and 202.
ACCT 397 Accounting Internship UD 3-6 SH
The accounting internship provides an opportunity for students to be engaged with the accounting profession,
and to develop the skills needed to transition into the contemporary workforce. The internship may
be in the various fields that accounting profession is engaged in: investigations (civil and criminal), for
profit, not-for-profit, governmental agencies (local, state, and federal), and public accounting. Requires a
minimum of 135 hours of engagement (3SH), or 270 hours of engagement (6SH). The internship requires
schedule seminars with a faculty member to provide guidance and evaluation of the learning experience.
Prerequisites: Sophomore status and approval of the program coordinator. 3-6 SH if taken as a 3 SH
course it may be repeated once for a total of 6 SH.
ACCT 407 Accounting Ethics UD 3 SH
The overall objective of this course is to introduce students to ethical practices in the accounting environment.
Students will use case studies to determine ethical policies in the workplace, and ethical practices of globalization.
The case studies will examine fraudulent practices from both the perspective of the organization,
and the practices of auditors that led to material misstatements. Cultural diversity, the impact of innovation,
accountability, responsibility and governance issues will also be the critical areas under examination.
ACCT 421 Managerial Accounting UD 3 SH
An analysis of the use of accounting data in planning, controlling and decision-making processes of business enterprises. Prerequisites: ACCT 222 and BUAD 321. Not open to Accounting majors.

 

ACCT 422

Advanced Managerial Accounting UD 3 SH

Course will revisit some components of cost accounting for a more in depth analysis, and reflect the
changes that are taking place in the business environment that have a direct impact on cost structuring
and analysis. The student will also be introduced to non-financial concerns that are direct contributors to
cost analysis and cost management. Prerequisite: ACCT 310. Open to all business majors.

ACCT 423 Cost Accounting UD 3 SH
Determination of costs in inventory valuation and performance evaluation; standard costs and variance analysis. Prerequisites: ACCT 222, BUAD 230.

 

ACCT 425 Fund Accounting UD 3 SH
General theory and techniques in accounting for foreign operations; interim reporting; financial disclosures
and presentation for non-profit units. Prerequisite: ACCT 324.

 

ACCT 436 (WI) Internal Control and Corporate Governance F 3 SH

The overall objective is familiarizing students with the guidelines for financial audits as relates to internal controls. The internal controls on account class balances will be evaluated, and the criteria for determining different levels deficiency will classified. Ethical issues and case studies will be researched directed at internal control failures. The types of opinions that can be rendered for the internal control report will also be examined. The importance of understanding the impact of corporate governance on the internal control environment will be examined from the internal corporate viewpoint as well as the external auditor’s viewpoint. Best practices for corporate governance will be examined in light of the Sarbanes-Oxley Act of 2002 and the recent financial crisis. The history of the relationship of internal controls and the accounting profession will also be examined. This is a writing intensive course.

       

ACCT 504

Auditing & the Accounting Profession S 3 SH

The overall objective of this course is to familiarize students with the collection and analysis of audit evidence. The students will examine and report on the different levels of significance of audit evidence, as well the documentation of the audit findings. The financial statement audit reporting process will be analyzed. Students will also be introduced to the other levels of engagement common in the practice of public accounting. Students will be exposed to the relationship between current and proposed accounting theory (international accounting) and the relationship between accounting practice and the accounting professions’ social contract. Case studies will examine the impact of audit fraud, tax fraud, and the accountant’s responsibility to apply reasonable judgment in application of accounting and tax policies. This course represents a capstone course for the accounting program.

 

ACCT 519

Issues in Contemporary Accounting Theory UD 3 SH

This course will cover the more advanced topics of fair value, pensions, revenue recognition and deferred income taxes. This course will examine the changes that are taking place in the accounting standards and how those changes have impacted students’ earlier studies in accounting. This course will also cover other changes in the accounting profession as convergence with international standards progresses.

 
ACCT 520 Advanced Taxation UD 3 SH
The course will examine taxation and tax return filing issues for corporations, partnerships, and non-profits. The tax area of Sub-chapter S corporations, and LLC's, will be examined from the tax return preparation stage to advising clients on the advantages and disadvantages of business formations. The filing and formation requirements for non-profits will be examined for compliance and taxable events. The formation and filing requirements for trusts and estates will also be examined. In addition, students will research and report on current issues in taxation.

 

ACCT 526 CPA/CMA Preparation UD 3 SH
General study of financial and management accounting techniques and decision-making.This course prepares students to take the five-part professional certificate examinations for the certificate in public accounting or certification in management accounting.

Student Profiles

anthony resized "As a senior at Pfeiffer, I decided to graduate late so that I could add a minor in forensic accounting. I recognize the importance of an accounting background in the workplace, and it complements my degree in criminal justice."
Anthony Lamarca '12
Minor: Forensic Accounting
Sayville, NY
Deva Resized "As a non-traditional student I appreciate the style of teaching used in the accounting courses. Dr. Malloy does a fabulous job with engaged learning and expects his students to take control of their learning experience. I'm thankful for the opportunity to realize my dream at Pfeiffer."
Deva Rummage '13
Major: Accounting/Forensic Accounting
Albemarle, NC

Accounting - Degree Requirements

 

ACCOUNTING
69 Semester Hours Minimum

ACCT 221 Principles of Accounting I BMAL 241 Marketing
ACCT 301 Accounting Information Systems BMAL 251 Business Law I
ACCT 310 Cost Accounting BMAL 261 Principles of Management
ACCT 315 International Acct. and Globalization BMAL 301 Ethics in Business OR
an Ethical Elective from PHIL

ACCT 323



Intermediate Accounting I
BMAL 311

Business Statistics

ACCT 324 Intermediate Accounting II BMAL 351 Business Law II
ACCT 330 Financial Information Analysis COMM 345 Business Communication
ACCT 436 Internal Controls and Corp. Gov COMP Comp Elective- Choose Two
ACCT 331 Taxation I ECON 222 Principles of Microeconomics
ACCT 332 Taxation II MATH 220 College Algebra
ACCT 333 Advanced Acct.    
       

Test times for accounting courses, which may be outside of normal class hours, will be arranged after classes begin. Students will be encouraged to take the designated labs with their accounting courses.

Minor (18 Semester Hours)
Student must have a major in any discipline plus the following:

ACCT 221 Principles of Accounting I ACCT 436 Int. Control & Corporate Gov.
ACCT 223 Principles of Accounting II ACCT 504 Auditing & the Accting Profession
ACCT 301 Acct. Information Systems ACCT 337 507 Forensic Acct., or
    ACCT 315 International Acct. & Global or 
ACCT 310 Cost Accounting

 

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