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ACCOUNTING |
Associate Professors: D. English, A. Oppegard |
The College is particularly proud of its long-standing Accounting program. Graduates traditionally place highly on graduate school admission tests and experience high pass rates on state Certified Public Accountant exams. Job placement rates are also excellent, supported by a regionally recognized internship program. The liberal arts experiences all students bring with them into the program make the Augustana Accounting degree unique. Our small class sizes give students the opportunity to interact with our faculty on a daily basis maximizing their individual learning experiences. |
Two Accounting majors and one minor are offered as part of the program. The Bachelor of Arts in Professional Accountancy is designed to meet the 150-hour credit hour and course requirements of the American Institute of Certified Public Accountants and prepares students to take the demanding CPA examination. This is a four-and-one-half year program taught by CPAs and other faculty with advanced business and accounting degrees, as well as extensive experience with accounting and business issues. It meets the requirements of the State Boards of Accountancy, including South Dakota, which have elected the 150-hour educational requirement to sit for their CPA exam. The four-year Accounting major and minor provide students with a sound foundation in accounting issues, allowing them to enter the world of private or corporate accounting or prepare for graduate work. |
BACHELOR OF ARTS IN PROFESSIONAL ACCOUNTANCY: 82 credit hours
Required Courses: 44 credit hours
ACCT 210 - Principles of Accounting I (4 cr)4 courses (13 credit hours) from the following options:
ACCT 211 - Principles of Accounting II (4 cr)
ACCT 322 - Intermediate Accounting I (4 cr)
ACCT 323 - Intermediate Accounting II (4 cr)
ACCT 344 - Income Tax (3 cr)
ACCT 345 - Organizational Tax (3 cr)
ACCT 347 - Cost Accounting (3 cr)
ACCT 348 - Advanced Accounting (3 cr)
ACCT 349 - Auditing (3 cr)
ACCT 300 - Special Topics in Accounting (3 cr) (Repeatable)Required Supportive Courses: 38 credit hours
ACCT 310 - Not for Profit Accounting (3 cr)
ACCT 382 - Business Ethics (3 cr)
ACCT 495 - Accounting Internship (W) (4 cr)
BSAD 270 - Statistics (4 cr)18 credit hours from the following options:
BSAD 330 - Principles of Finance (4 cr)
BSAD 340 - Business Law I (3 cr)
BSAD 380 - Business Law II (3 cr)
ECON 120 - Principles of Economics I (3 cr)
ECON 121 - Principles of Economics II (3 cr)
BSAD Elective: at 300-level or higherTwo-thirds of departmental hours numbered 300 or higher and required for the major must be taken at Augustana.
ECON Elective: at 300-level or higher
COMM Elective: at 200-level or higher
COSC Elective: at 200-level or higher
ACCOUNTING MAJOR: 45 credit hours
Required Courses: 31 credit hours
ACCT 210 - Principles of Accounting I (4 cr)
ACCT 211 - Principles of Accounting II (4 cr)
ACCT 322 - Intermediate Accounting I (4 cr)
ACCT 323 - Intermediate Accounting II (4 cr)
ACCT 344 - Income Tax (3 cr)
ACCT 347 - Cost Accounting (3 cr)
Three courses (9 credit hours) from the following options:
ACCT 300 - Special Topics in Accounting (3 cr) (Repeatable)
ACCT 310 - Not for Profit Accounting (3 cr)
ACCT 345 - Organizational Tax (3 cr)
ACCT 348 - Advanced Accounting (3 cr)
ACCT 349 - Auditing (3 cr)
ACCT 382 - Business Ethics (3 cr)
Required Supportive Courses: 14 credit hours
ECON 120 - Principles of Economics I (3 cr)
ECON 121 - Principles of Economics II (3 cr)
BSAD 270 - Statistics (4 cr)
BSAD 330 - Principles of Finance (4 cr)
Two-thirds of departmental hours numbered 300 or higher and required for the major must be taken at Augustana.
Related Information: It is suggested that Accounting majors consider enrolling in BSAD 490 Senior Seminar.
ACCOUNTING MINOR: 19 credit hours
ACCT 210 - Principles of Accounting I (4 cr)
ACCT 211 - Principles of Accounting II (4 cr)
ACCT 322 - Intermediate Accounting I (4 cr)
ACCT 323 - Intermediate Accounting II (4 cr)
*ACCT Elective course (3 cr) (Not to include ACCT 382 Business Ethics)
ACCT 210 - PRINCIPLES OF ACCOUNTING I (4 credits)
A first course in accounting procedures and principles used by sole proprietorships and partnerships with
an emphasis on the balance sheet accounts.
NOTES: PREREQUISITE: SOPHOMORE STANDING
OFFERED EVERY FALL SEMESTER
ACCT 211 - PRINCIPLES OF ACCOUNTING II (4 credits)
Accounting procedure and statements used by partnerships and corporations. Accounting for corporate
activities and accounting for managerial control of operations and business decisions.
NOTES: PREREQUISITE: ACCT 210
OFFERED EVERY SPRING SEMESTER
ACCT 300 - SPECIAL TOPICS IN ACCOUNTING (3 credits)
A variety of topics courses from the Accounting discipline are offered as staffing permits. Topics may
include, but are not limited to the following: Theory of Accounting, Managerial Accounting, and
Accounting Information Systems. This course may be repeated with different topics.
NOTES: PREREQUISITE: ACCT 211
OFFERED OCCASIONALLY
ACCT 310 - NOT FOR PROFIT ACCOUNTING (3 credits)
A study of the unique accounting standards applicable to non-profit entities, including state and local
governments. Topics covered include fund accounting, the appropriation process, and program budgeting.
NOTES: PREREQUISITE: ACCT 211
OFFERED FALL SEMESTER, EVEN YEARS
ACCT 322 - INTERMEDIATE ACCOUNTING I (4 credits)
A review of the basic financial statements, the development of accounting principles and procedures
relating to cash, receivables, inventories, tangible assets and liabilities, and principles of annuities.
NOTES: PREREQUISITE: ACCT 211
OFFERED EVERY FALL SEMESTER
ACCT 323 - INTERMEDIATE ACCOUNTING II (4 credits)
Corporation accounting and earnings per share, accounting for equity transactions, long term liabilities,
pensions, and taxes.
NOTES: PREREQUISITE: ACCT 322
OFFERED EVERY SPRING SEMESTER
ACCT 344 - INCOME TAX (3 credits)
A study of the federal tax system, tax accounting, taxable income and deductions, sales and exchanges,
with an emphasis on the effects on an individual tax return.
NOTES: PREREQUISITE: ACCT 211
OFFERED EVERY FALL SEMESTER
ACCT 345 - ORGANIZATIONAL TAX (3 credits)
A study of tax accounting for partnerships, corporations, and trusts, with an emphasis on corporation tax
accounting problems.
NOTES: PREREQUISITE: ACCT 344
OFFERED EVERY SPRING SEMESTER
ACCT 347 - COST ACCOUNTING (3 credits)
Elements of production cost according to three recognized cost systems: 1) Job cost; 2) Process cost; and
3) Standard cost. Topics include activity based costing, cost allocations, and variance analysis.
NOTES: PREREQUISITE: ACCT 211
OFFERED EVERY SPRING SEMESTER
ACCT 348 - ADVANCED ACCOUNTING (3 credits)
Partnership and corporate problems involving consignments, installments, liquidations, consolidations,
estates, agencies, and branches.
NOTES: PREREQUISITE: ACCT 323
OFFERED EVERY FALL SEMESTER
ACCT 349 - AUDITING (3 credits)
Procedures and standards of public accountants. Emphasis on auditor’s working papers and submission of
audit statements.
NOTES: PREREQUISITE: ACCT 323
OFFERED EVERY SPRING SEMESTER
ACCT 382 - BUSINESS ETHICS (3 credits)
Introduction of moral development theories and models of moral decision making and application of these
models in management decision making, through case studies.
NOTES: CROSS-LISTED WITH BSAD 382
OFFERED EVERY SEMESTER
ACCT 399 - INDEPENDENT STUDY (1-4 credits)
This course is intended to provide the student with the opportunity to pursue elective independent study. This
course is not a “W” course and it may not be used to fulfill the departmental requirements for graduation.
NOTES: PREREQUISITE: CONSENT OF THE INSTRUCTOR
OFFERED EVERY SEMESTER, INCLUDING INTERIM
ACCT 495 ACCOUNTING INTERNSHIP (W – Area 2.1B) (4 credits)
This internship program provides an opportunity for students to participate in a learning experience away
from the traditional classroom. Students will be placed with local organizations so they may participate with
the managerial and financial reporting processes. Students will observe and apply in practice the concepts
and theories learned in the classroom. The student will be under the direct supervision of an officer of the
cooperating organization and progress will be monitored by the department’s internship coordinator.
NOTES: ADDITIONAL FEES MAY APPLY
PREREQUISITE: JUNIOR OR SENIOR STANDING AND CONSENT OF THE ACCOUNTING
INTERNSHIP COORDINATOR
OFFERED EVERY SEMESTER, INCLUDING INTERIM
ACCT 496 ELECTIVE ACCOUNTING INTERNSHIP (1-4 credits)
This internship offering is intended to provide the student with the opportunity to pursue an elective
internship. This internship is not a “W” course and it may not be used to fulfill the departmental
requirements for graduation.
NOTES: ADDITIONAL FEES MAY APPLY
PREREQUISITE: JUNIOR OR SENIOR STANDING AND CONSENT OF THE ACCOUNTING
INTERNSHIP COORDINATOR
OFFERED EVERY SEMESTER, INCLUDING INTERIM
ACCT 197, 297, 397, 497 TOPICS IN ACCOUNTING (1-4 credits)
ACCT 499 INDEPENDENT STUDY (W - Area 2.1B) (1-4 credits)
Independent Study projects are conducted in close relationship with an individual faculty member. This
course requires: 1) An in-depth examination of an individually chosen topic area, utilizing recognized
research methods; 2) A written analysis of the project, its results, and recommendations; and 3) An oral
defense of the project to the Departmental Faculty.
NOTES: PREREQUISITE: CONSENT OF THE INSTRUCTOR
OFFERED EVERY SEMESTER, INCLUDING INTERIM
Please contact:
Associate Professor M. Entwistle
Business Administration Department
E-mail: marcia.entwistle@augie.edu