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
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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
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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 |
Student Profiles
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"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 |
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"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 |
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Accounting-Courses Offered
| ACCT 221 | Principles of Accounting I | F | 3 SH |
| Conceptual framework of accounting; measurement of income and recording economic activity; the accounting cycle and preparation of statements; introduction to generally accepted accounting principles. | |||
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| ACCT 223 | Principles of Accounting II | S | 3 SH |
| A study of basic accounting theory, corporate financing and reporting; financial planning; and an introduction to managerial accounting. Prerequisite: ACCT 221. | |||
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| 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 221 | |||
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ACCT 310 |
Cost Accounting |
S |
3 SH |
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Determination of costs in inventory valuation and performance evaluation; standard costs and variance analysis. Prerequisites: ACCT 223, BUAD 230. |
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ACCT 315 |
International Accounting & Globalization | S | 3 SH |
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Introduction to the convergence of US GAAP and International Standards. The difference between the policy making process will be examined, as well as the impact convergence is having on the accounting profession. Prerequisites: ACCT 221 & 223. Open to all business majors. |
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| 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 223. |
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| ACCT 324 | Intermediate Accounting II | S | 3 SH |
| A continuation of ACCT 427 with an emphasis on accounting problems peculiar to corporate organizations and governmental units. Prerequisite: ACCT 323. | |||
| ACCT 407 |
Accounting Ethics |
UD |
3 SH |
| Introduction to the complex issues that face the accounting profession in the contemporary workplace, and that are unique to the accounting profession. | |||
| 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. | |||
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ACCT 422 |
Advanced Managerial Accounting | UD | 3 SH |
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Continuation of ACCT 421, with emphasis on changes in the business environment and the impact on the decision making process. The course will also cover the influence non-financial information on the decision making process as it relates to cost management. |
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| ACCT 423 | Cost Accounting | F | 3 SH |
| Determination of costs in inventory valuation and performance evaluation; standard costs and variance analysis. Prerequisites: ACCT 222, BUAD 230. | |||
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| ACCT 424 | Budgeting and Valuation Theory | S | 3 SH |
| A concentrated study of operating budgets, cash budgets, capital budgets, and timeadjusted valuations. Prerequisites: ACCT 423, BUAD 321. | |||
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| 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 428. | |||
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| ACCT 436 (WI) |
Internal Control and Corporate Governance |
F |
3 SH |
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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, andthe 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. |
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| ACCT 500 | Accounting Internship | UD | 6 SH |
| A structured field experience in a profit or nonprofit organization of at least ten weeks duration. Students will be required to work the regularly scheduled hours of the office providing the internship. Upon completion of the internship an oral presentation will be required with students and faculty invited. | |||
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ACCT 504 |
Auditing & the Accounting Profession | S | 3 SH |
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Examination of the auditing process, the collection and analysis of data, and the impact of the contemporary business environment on the accounting profession. this is a capstone course for accounting majors. Prerequisite: ACCT 436. |
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| ACCT 507 | Forensic Accounting | F | 3 SH |
| An introduction to the field of forensic accounting and the application of forensic accounting in criminal investigations, civil court procedures and corporate security. Prerequisites ACCT 221 & ACCT 223 or upon approval from the chair. | |||
| ACCT 511 | Taxation I | S | 3 SH |
| A study of federal income tax laws and regulations applying to individuals. Prerequisite: ACCT 222. | |||
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| ACCT 512 | Taxation II | UD | 3 SH |
| A study of federal income tax laws and regulations as they apply to “S” corporations and partnerships. There will also be an introduction to federal gift and estate tax laws. Basic research using a tax service will be required. Prerequisite: ACCT 512. | |||
| ACCT 519 | Issues in Contemporary Accounting Theory | UD | 3 SH |
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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. Prerequisite 523 Advanced Accounting. |
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| 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 523 | Advanced Accounting | F | 3 SH |
| Basic concepts and procedures applicable to specialized areas of accounting, including partnership organizations and liquidation and consolidated financial statements. Prerequisite: ACCT 428. | |||
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| 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. | |||
Accounting (ACCT)

Career opportunities for forensic accountants and fraud investigators are estimated to grow over the next decade by more than 20 percent along with the demand for internal auditors, corporate security specialists and accounting professionals who specialize in law enforcement, forensic and public accounting.
–The National Bureau of Labor Statistics
With an undergraduate degree in accounting, Pfeiffer University students possess the knowledge and skills to compete and succeed in the 21st century workforce. Upon completing one of the nation’s most progressive and dynamic accounting programs, students’ expertise ranges from the practical application of accounting to the theoretical application of Generally Accepted Accounting Principles and International Accounting Standards. Core required courses are designed so that upon completion students meet North Carolina state requirements to sit for the Uniform CPA Exam and other certification exams, such as the Certified Fraud Examination (CFE).
Whether the career you desire is in public accounting, corporate accounting or one of the relatively new law enforcement and corporate security options, your experience at Pfeiffer will prepare you to adapt to changes in accounting regulations, the business environment and the profession itself.
Accounting Society
Pfeiffer students comprise a very active Accounting Society, whose purpose is to help them expand their vision of the profession and possible career paths, establish networking opportunities and foster lifelong relationships. With opportunities to attend and participate in seminars hosted by accounting and related organizations, students meet professionals from public, corporate and governmental agencies as they provide an overview of their work to the group. The Accounting Society encourages students to join organizations such as ACFE, IIA, IMA, the AICPA and the NCACPAs at discounted student member rates.
Accounting - Degree Requirements
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ACCOUNTING |
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| ACCT 221 | Principles of Accounting I | BUAD 321 | Business Statistics |
| ACCT 223 | Principles of Accounting II | BUAD 323 | Business Law I |
| ACCT 301 | Accounting Information Systems | BUAD 324 | Business Law II |
| ACCT 310 | Cost Accounting | BUAD 326 | Marketing |
| ACCT 315 |
International Acct. and Globalization |
BUAD 329 BUAD 408 |
Principles of Management Ethics in Business OR an Ethical Elective from PHIL |
| ACCT 323 | Intermediate Accounting I | BUAD 424 | Financial Management |
| ACCT 324 | Intermediate Accounting II | MATH 220 | College Algebra |
| ACCT 436 | Internal Controls and Corp. Gov | COMM 345 | Business Communication |
| ACCT 504 | Auditing and the Acct. Profession | COMP | Comp Elective- Choose Two |
| ACCT 511 | Taxation I | ECON 222 | Principles of Microeconomics |
| ACCT 512 | Taxation II | ETHICS | Elective |
| ACCT 523 | 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.
Accounting Focused Specializations (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 507 | 507 Forensic Acct., or |
| ACCT 315 | International Acct. & Global or ACCT 310 Cost Accounting |



