Thursday, May 17, 2012

Announcements

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Accounting

Contact
James Dicks, M.B.A., M.S.T., C.P.A., C.F.P.
Madame Cadillac Building‚ Room 202
Direct: (313) 927-1468
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

PROGRAMS OFFERED
Marygrove offers an accounting concentration
within the following programs:
Bachelor of Arts, Business Major (B.A.)
Bachelor of Business Administration (B.B.A.)
Bachelor of Science, Accounting Information Systems (B.S.)
Business Minor
Associate of Arts (A.A.)
Post-degree Certificate

FACULTY
James Boron, M.A., M.S.A.
James Dicks, M.B.A., M.S.T., C.P.A., C.F.P.
Judith Gold, Ph.D.

POTENTIAL CAREERS

auditor • banker • certified public accountant • credit analyst • controller • financial planner • governmental accountant • international accountant • tax accountant • treasurer

Accounting Overview

General Information

The Department of Business offers a sequence of accounting courses, which may be used to qualify you for three possible career interests.

One option is a concentration of five courses (17 credit hours) within your business major as part of your Bachelor of Arts degree. This degree pattern will provide you with a general management accounting program, and it will prepare you for a career in private industry or government. (See Business Department section.)

Another option is a more complete sequence of accounting courses (approximately nine courses) as part of the Bachelor of Business Administration degree. This sequence and the B.B.A. degree will give you the course requirements for certification by the State Board of Accountancy. It will also qualify you to take the examination to become a certified public accountant (C.P.A.). (See Business Department section.)

The final option is the Bachelor of Science in Accounting Information Systems. This program will give you a background that emphasizes both accounting and computer systems. The requirements for this degree are listed in this section.

Career Information

The digital information age has created a tremendous demand for financial information and for people who want to be a part of supplying and interpreting that information. A concentration in accounting can prepare you for a variety of stimulating opportunities in today’s financial world. You could, for example, choose a career as an auditor, banker, financial planner, credit analyst, treasurer, controller, tax accountant, governmental accountant or certified public accountant. Demand for international accountants has been increasing rapidly. Your background in a foreign language (see Interdisciplinary Studies: Language, Business, and Culture) would prepare you for an exciting career in international finance. Your selection of a degree program, of course, should coincide with your career goals.

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Gainful Employment

Gainful Employment information:
Program length:	23 credit hours

Program costs:
Tution	13,685
Fees	390
Books	1,050

Related Occupations:	*ONET Codes**
Accountants and Auditors	13-2011
Budget Analysts	13-2031
Credit Analysts	13-2041
Financial Examiners	13-2061
Tax Examiners and Collectors, and Revenue Agents	13-2081

Disclosures – For all schools, if the number of students who completed a GE Program during the award year was less than ten (10), for privacy reasons, the school should not disclose to the public:

Median debt amounts (Title IV debt, private educational loan debt, and debt from institutional financing)
On-time completion rate

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Bachelor of Science in Accounting Information Systems (B.S.)

A. General Education Requirements

B. Required Business Courses
BUS 173 Introduction to Business
BUS 266 Principles of Organization and Management
BUS 302 Principles of Marketing
BUS 304 Business Law I
BUS 307 Finance|
BUS 308 Business and Professional Writing
-OR-
BUS 318 Professional Communications Design
BUS 382 Business and Professional Ethics
BUS 496A Senior Seminar: Current Issues
-OR-
BUS 496B Senior Seminar: Diversity in Management

C. Required Accounting Courses
ACC 224 Principles of Accounting I
ACC 234 Principles of Accounting II
ACC 324 Financial Accounting I
ACC 334 Cost Accounting
ACC 444 Accounting Information Systems

D. Required Computer Information Courses
CIS 205    Introduction to Computer Information Systems
CIS 251    Introduction to Programming Languages
CIS 300    Principles of Information Systems Management
CIS 375    Database Management Systems
CIS 388    Cooperative Field Experience
CIS 476    Information Systems I: System Development

E. Math Requirement
MATH 105 Intermediate Algebra
F. Related Discipline Requirements
ECON 200 Introductory Macroeconomics
ECON 203 Introductory Microeconomics
ECON 305 Introductory Statistics for the Behavioral Sciences

G. Suggested Electives
ACC 344     Financial Accounting II
ACC 451     Auditing
CIS 210       Microcomputer Applications
CIS 412       Business Telecommunications
ECN 310     Money and Banking

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Post-Degree Certificate in Accounting

The following courses are required for the Certificate of Completion in Accounting:
BUS 173     Introduction to Business
ACC 224     Principles of Accounting I
ACC 234     Principles of Accounting II
ACC 324     Financial Accounting I
ACC 334     Cost Accounting
ACC 344     Financial Accounting II

Eighteen of the hours must be taken at Marygrove College. Persons with special skills or needs may establish an individualized program upon consultation with and approval of the business department head.

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Accounting Course Descriptions

ACC 224 Principles of Accounting I 4 hours
Prerequisite: BUS 173; Term: 1

Study of the fundamental principles applicable to the accounting cycle-income determination, the use of working papers and financial reporting. Primary emphasis on journals, journal entries and financial statements of sole proprietorship.

ACC 234 Principles of Accounting II 4 hours
Prerequisite: ACC 224; Term: 2

Continuation of theory and principles-applications to investments, branch accounting, partnerships and corporations, and fundamental cost accounting.

ACC 324 Financial Accounting I 4 hours
Prerequisite: ACC 234; Term: 1

Study of problems involved in the definition andmeasurement of assets, liabilities and stockholder’s equity. Emphasis on income determination.

ACC 334 Cost Accounting 4 hours
Prerequisite: ACC 234; Term: 1

Examination of the classification, accumulation, distribution and control of manufacturing and service costs; job order and process systems. Emphasis on cost analysis and data reports as management tools.

ACC 344 Financial Accounting II 4 hours
Prerequisite: ACC 324; Term: 2

Continuation of the study of accounting principles and procedures with emphasis on liabilities, corporate capital and income determination. Preparation and use of special statements in the accounting process.

ACC 354 Federal Income Tax Accounting 4 hours
Prerequisites: ACC 234, BUS 304, junior standing or permission of instructor; Term: 2

Basic application of the Internal Revenue Code to personal and business income.

ACC 413 Financial Accounting III 3 hours
Prerequisite: ACC 344; Term: 3

A consideration of partnerships, home office and branch accounting; consolidations; purchase and pooling accounting; fund accounting and accounting for multinational enterprises.

ACC 444 Accounting System and Controls 3 hours
Prerequisite: Permission of instructor

The study of accounting systems and controls; review of internal controls as required by the second auditing standard for field work. Application of statements on auditing standards related to accounting systems and control. A parallel course with

ACC 451 3 hours
Prerequisite: ACC 224

The course will provide the student with the basics of computer applications of popular accounting software. Course content will include an emphasis on the relationship among components of an accounting system and the use of the personal computer in the maintenance and reporting of accounting information. Approved by the Michigan State Board of Accountancy.

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