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ACCOUNTING The accounting major is as much concerned with the personal development of the individual as a member of today's society as with that person’s technical competence. The curriculum places emphasis on the concept that the business decision making process is not just a mere application of accounting theory and techniques; rather, it is a blending of this technical ability with sound ethical principles. The faculty is student oriented and readily available for student contact both within and outside the classroom. The faculty is interested in the students as individuals and is concerned with their intellectual and professional development. The aim of the major is to develop a sound understanding of accounting theory and practice, as well as the ethical principles necessary to prepare students for professional careers in public accounting, business, or government. The accounting major prides itself on bringing practical knowledge into the classroom based on personal professional experience. The five-year MBA program meets the needs of the public accounting profession on a national basis in support of the 150-hour education requirement initiated by the American Institute of CPA's and many state boards of accountancy. All students are expected to complete the BSBA in accounting in four years. Students who have elected the five year track can then proceed to complete the MBA over a fifth year. A measure of the success of the department is graduating students’ placement in appropriate career entry positions. Large public accounting firms, the Naval Audit Service and other federal, state, and local governmental agencies, and many industrial firms regularly recruit our graduates on campus. Presently, substantial numbers of our graduates are not only advancing their own careers in these organizations but are returning to Gannon as recruiters for these companies. Comments from these recruiters give more than adequate testimony to the quality of the preparation for our students in accounting. Some students choose not to enter the business world immediately upon graduation but rather elect to further their education in graduate studies. Our program provides an excellent base for graduate work in Accounting, Business Administration, Law, or related fields. The following courses must be completed to satisfy the requirements for the BSBA in Accounting: ACCT 305/Intermediate Financial Accounting I ACCT 313/Accounting Information Systems ACCT 315/Intermediate Financial Accounting II ACCT 320/Intermediate Managerial Accounting ACCT 415/Advanced Financial Accounting ACCT 420/Income Taxes ACCT 440/Financial Auditing

COURSE DESCRIPTIONS: ACCT 101: Introduction to Accounting This course provides an overview of both financial and managerial accounting and is intended for non-business majors who have no prior work in accounting. Students are taught to read and analyze corporate financial statements; they also learn the tools and techniques used in managerial planning, controlling, and decision-making. Since the focus will be that of the user of financial statements, rather than the preparer, there is limited emphasis on the actual preparation of financial statements. This course will teach what accountants do; it does

Undergraduate Catalog 2014-2015  
Undergraduate Catalog 2014-2015