Karen V. Pincus, Department Chair, 204 B.A. Building, 575-4051
WALTER B. COLE CHAIR IN ACCOUNTING PROFESSOR GLEZEN; PROFESSORS PINCUS, WHITE; RALPH McQUEEN CHAIR OF ACCOUNTING ASSOCIATE PROFESSOR BOUWMAN; ASSOCIATE PROFESSORS SELLERS, THOMAS; ASSISTANT PROFESSORS LEFLAR, PENDLEY (J.); INSTRUCTORS CALDWELL, LITTLE, PENDLEY (M.)
The mission of the Department of Accounting is to cultivate an environment of educational excellence. We do so by:
The Department of Accounting offers an undergraduate degree program in Accounting and graduate programs at both the master's and doctoral levels. The department's programs are accredited by the American Assembly of Collegiate Schools of Business (A.A.C.S.B.), which ensures quality and promotes excellence and continuous improvement in undergraduate and graduate education.
A major in the accounting is preparation for success in the business world. Every business needs accounting help, whether it is the largest retail company in the world, a small family-owned enterprise, an agency for the homeless, or a musical group touring the country. The accounting major provides an excellent foundation for a variety of careers.
For example, the professional public accountant provides auditing and accounting services to client business and nonbusiness organizations in a variety of industries. A management accountant works for a particular organization in its finance and operations areas or becomes part of the management team. Some accountants are employed by non-profit organizations such as the American Cancer Society, state and local governments or government agencies like the FBI. Other accounting graduates are self-employed in a variety of professions or businesses, and some continue in graduate school to prepare for teaching careers.
Professional examinations, such as the Certified Public Accountant (CPA) or Certified Management Accountant (CMA) examinations, are governed by the organizations that administer the exam. Students should see the Accounting Department (upon enrollment in the University of Arkansas) for information relative to the professional exams.
The education objective at the undergraduate level is to provide an environment in which students learn skills necessary to become professional accountants, including information development and distribution; knowledge of accounting, auditing, and tax; knowledge of business and society; communication skills; analytical and decision making skills; leadership; and professionalism.
Accounting Degree Requirements
In addition to the general requirements for B.S.B.A. (see pages 336-337, which lists area requirements in Social Issues, Multicultural Environment, and Demographic Diversity and Micro/Macro Economics), students seeking a B.S.B.A. with a major in accounting must satisfy additional program specific requirements in the areas of fine arts, literature, political science, history, and psychology.
Courses which will satisfy these area requirements are listed below. Note that many of these courses will also satisfy University core requirements. Where possible, a student should select courses which satisfy both requirements.
1) Fine Arts
ART 1003, Art Studio (core)
DRAM 1003, Theater Lecture (core)
COMM 1003, Film Lecture (core)
MLIT 1003, Music Lecture (core)
DANC 1003, Dance Lecture (core)
ARCH 1003, Architecture Lecture (core)
ARHS 1003, Art Lecture (core)
LARC 1003 Landscape Architecture (core)
2) Literature
WLIT 1113, Introduction to Literature (core)
WLIT 1123, Masterpieces from World Lit. (core)
ENGL 2113, English Lit., Beginning to 1798 (core)
ENGL 2123, English Lit., 1798 to Present (core)
General Education Electives Only:
ENGL 3313, American Literature to Civil War
ENGL 3323, American Lit. since Civil War
3) Political Science
PLSC 2003, American National Government (core)
4) History
HIST 2003, Hist/Amer People to 1877 (core)
HIST 2013, Hist/Amer People, 1877 to present. (core)
5) Psychology
PSYC 2003, General Psychology (core)
| ACCOUNTING MAJOR REQUIREMENTS | |||||
| Hours | |||||
| University Core Requirements *See information above. |
35 | ||||
| Additional General Education Requirements | 28 | ||||
| MATH 2043, Survey of Calculus | 3 |
||||
| COMM 1313, Fundamentals of Comm | 3 |
||||
| ECON 2013, Prin. of Macroeconomics26 | 3 |
||||
| ECON 2023, Prin. of Microeconomics26 | 3 |
||||
| ECON 3843, Economic Development; ECON 4533, Comparative Economic Systems; ECON 4633, International Trade Policy; or ECON 4643, International Monetary Policy; ECON 4653, Economics of Multinational Enterprise | 3 |
||||
| PSYC 2003, General Psychology26 | 3 |
||||
| HIST 2003, Hist/American People to 1877; HIST 2013, Hist/American People, 1877 to Present, or PLSC 2003, American National Government27 | 3 |
||||
| ANTH 1023, Intro. to Cultural Anthro.; SOCI 2013, Gen. Sociology; SOCI 2033, Social Problems; WCIV 1003; Western Civ. I; WCIV 1013, Western Civ. II; GEOG 1123, Human Geography | 3 |
||||
| General Education Electives26 | 4 |
||||
| ___________ | |||||
| Total General Education | 63 | ||||
26Students who wish to take Econ 2013, 2023 and PSYC 2003 as social science requirement may increase available general education electives to 13 hours. 27Students must take both HIST 2003 or HIST 2013 and PLSC 2003; one will count as a University core requirement and the other as a general education requirement. | |||||
Core Requirements of the College of Business Administration |
33 | ||||
| Course Requirements in the Major | 22 | ||||
| ACCT 3533, Accounting Technology | 3 |
||||
| ACCT 3613, Mgrl Uses of Acct Info | 3 |
||||
| ACCT 3721L, Fin. Acct. Computer Lab | 1 |
||||
| ACCT 3723, Fin. Reporting & Analysis | 3 |
||||
| ACCT 3843, Fundamentals of Taxation | 3 |
||||
| ACCT 4673, Product, Project & Service Costing | 3 |
||||
| ACCT 4753, Generally Accepted Accounting Principles | 3 |
||||
| ACCT 4963, Operational Auditing | 3 |
||||
| Junior/Senior electives within College of Business Administration (Only 3 hours are permitted within major field) | 8 | ||||
| ___________ | |||||
| Total College of Business Administration Requirements | 63 | ||||
| Total Degree Requirements | 126 | ||||
Recommended Program in Accounting
| Freshman Year | ||
| First Semester | ||
| 3 | ENGL 1013, Composition I | |
| 3 | MATH 2053, Finite Mathematics | |
| 3 | COMM 1313, Fundamentals of Comm | |
| 1 | CISQ 1121L, Intro to Computer Information Systems | |
| 4 | Laboratory science | |
| 3 | University core | |
| 17 | semester hours | |
Second Semester | ||
| 3 | ENGL 1023, Composition II | |
| 3 | MATH 2043, Survey of Calculus | |
| 4 | Laboratory science | |
| 3 | PSYC 2003, General Psychology | |
| 3 | University core | |
| 16 | semester hours | |
Sophomore Year | ||
| First Semester | ||
| 3 | ACCT 2013, Intro to Accounting Info. I | |
| 3 | BLAW 2013, Legal Environment of Business | |
| 3 | ECON 2013, Principles of Macroeconomics | |
| 2 | CISQ 2232, Business Info. Systems | |
| 3 | HIST 2003 or 2013, History of the American | |
| People | ||
| 3 | Univ. core/General education elective | |
| 17 | semester hours | |
Second Semester | ||
| 3 | ACCT 2023, Intro to Accounting Info II | |
| 3 | ECON 2023, Principles of Microeconomics | |
| 3 | CISQ 2013, Business Statistics | |
| 3 | Univ. core/General education elective | |
| 3 | PLSC 2003, American National Government | |
| 15 | semester hours | |
Junior Year | ||
| First Semester | ||
| 3 | ACCT 3533, Accounting Technology | |
| 3 | ACCT 3613, Mgrl Uses Of Acct Info | |
| 3 | CISQ 3333, Info Systems Mgmt | |
| 3 | MGMT 3563, Mgmt Concepts/Orgn Behav | |
| 3 | Univ. core/General education elective | |
| 15 | semester hours | |
Second Semester | ||
| 1 | ACCT 3721L, Fin. Acctg Computer Lab | |
| 3 | ACCT 3723, Fin. Reporting & Analysis | |
| 3 | ACCT 3843, Fundamentals of Taxation | |
| 3 | CISQ 3603, Production & Ops Mgmt | |
| 3 | FINN 3043, Fin Mgmt Theory/Practice | |
| 3 | International economics elective | |
| 16 | semester hours | |
Senior Year | ||
| First Semester | ||
| 3 | ACCT 4753, Gen. Accepted Acct. Principles | |
| 3 | ACCT 4673, Prod. Proj. & Serv. Costing | |
| 3 | MKTT 3433, Principles of Marketing | |
| 2 | Business administration elective | |
| 4 | Univ. core/General education electives | |
| 15 | semester hours | |
Second Semester | ||
| 3 | ACCT 4963, Operational Auditing | |
| 3 | MGMT 4833, Strategic Management | |
| 6 | Business administration electives | |
| 3 | General education elective | |
| 15 | semester hours | |
NOTE: Selection of electives should be made in consultation with academic advisers. Students planning on taking professional examinations should ascertain course requirements by examining authorities. Successful completion of a Master of Accountancy Degree from the University of Arkansas will qualify a student to take the CPA examination in Arkansas. BSBA graduates would need additional accounting hours and other courses amounting to a total of 150 semester hours to sit for the CPA exam in Arkansas.
Courses: Accounting (ACCT)
2013 Introduction to Accounting Information I (Fa, Sp, Su) Introduction of accounting as an information system with emphasis on processing and presenting information in the form of financial statements for use in decision-making. Prerequisite or corequisite: CISQ 1121L.
2023 Introduction to Accounting Information II (Fa, Sp, Su) Introduction of accounting as an information system with emphasis on resource allocation and production decisions within an entity. Prerequisite: ACCT 2013.
Enrollment in junior/senior business courses is contingent upon junior standing and completion of all course prerequisites.When necessary, enrollment priority in the following upper-division accounting courses will be (1) those students enrolled in the College of Business Administration whose degree program requires the course in question, (2) other degree seeking students, and (3) non-degree seeking students.
3533 Accounting Technology (Fa, Sp,) This course provides an overview of accounting information systems and illustrates the importance of technology to accountants. Students are exposed to a variety of information technologies, including manual, file-oriented, and database systems. The relative advantages and disadvantages of each type of system are highlighted and discussed. Prerequisites: ACCT 2013, 2023 and CISQ 1121L, 2232 or equivalent courses each with grade of "C" or better.
3613 Managerial Uses of Accounting Information (Fa, Sp,) Use of accounting information for managerial decisions in a changing, global environment. Identifying the specific information needs of managerial decisions, focusing on the role of both financial and non-financial accounting information within the context of a continually changing information systems technology. Covers business as well as non-profit and governmental organizations. Prerequisites: ACCT 2013, 2023 and CISQ 1121L, 2232 or equivalent courses each with grade of "C" or better.
3721L Financial Accounting Computer Lab (Fa, Sp) Introduction to application of accounting computerized record keeping systems. Emphasizes the recording of transactions and generation of financial reports in a business environment. Prerequisites: ACCT 2013, 2023, and CISQ 1121L or equivalent courses each with grade of "C" or better.
3723 Financial Reporting and Analysis (Fa, Sp) This course is designed to develop the necessary skills and knowledge for the analysis and interpretation of corporate financial statements. In order to effectively evaluate financial statement information, students must have a thorough understanding of the corporate business environment, as well as the accounting principles underlying financial reporting. Prerequisite: ACCT 2013, 2023 and CISQ 1121L, 2232 or equivalent courses each with grade of "C" or better; prerequisite or corequisite: ACCT 3721L.
3843 Fundamentals of Taxation (Fa, Sp) An overview of the basic concepts of taxation, exploring the various types of taxes (with emphasis on the Federal Income Tax) and the impact of taxes on individuals, business entities, and nonprofit organizations. Prerequisite: ACCT 2013, 2023 and CISQ 1121L, 2232 or equivalent courses each with grade of "C" or better.
4053 Advanced Accounting (Fa, Sp, Su) Theory and practice of accounting for business combinations, consolidated financial statements, branches, international operations, partnerships, corporate liquidations, estates and trusts, and nonprofit organizations. Prerequisite: Instructor consent.
4433 Auditing (Fa, Sp) General overview of auditing, including the audit environment, review, test and evaluation of internal control, substantive tests, and audit reports. Prerequisite: ACCT 3533 each with grade "C" or better (Accounting/information systems majors may substitute CISQ 3293, with a grade of "C" or better.)
4523 Advanced Income Tax (Fa, Sp) Tax regulations applicable to partnerships, corporations, estates, and trusts with emphasis on tax determination and planning. Prerequisite: Instructor consent.
4563 Accounting for Nonbusiness Organizations (Fa, Sp) Concepts and accounting standards for governmental and nonprofit organizations. Preparation and analysis of comprehensive annual financial reports for governmental and nonprofit organizations. Prerequisite: Instructor consent.
4673 Product Project and Service Costing (Fa, Sp) Cost systems on information generation for cost management of products, projects and services. Prerequisites: ACCT 3533 and 3613 each with grade of "C" or better or instructor consent.
4753 Generally Accepted Accounting Principles (Fa, Sp) The origins, uses, and application of generally accepted accounting principles. Emphasizes researching technical accounting pronouncements for application to external financial reporting issues. Prerequisite: ACCT 3721L, 3723 each with a grade"C" or better or graduate standing.
4833 Advanced Auditing (Sp) Emphasizes auditing standards, statistical sampling, accounting controls, gathering of audit evidence in computer-based accounting systems. Prerequisite: Instructor consent.
4963 Operational Auditing (Fa, Sp) The audit of efficiency, effectiveness, and performance of business and nonbusiness entities. Includes coverage of performance auditing techniques and application of these techniques to financial and nonfinancial functions. Prerequisites: Senior status and completion of all junior-level BA core; completion of junior-level accounting courses with grade of "C" or better or graduate standing.
The following courses are restricted to students admitted to graduate programs of the College of Business or permission of the Master of Accountancy advisor.
5112 Introduction to Financial Accounting Fundamentals of financial accounting, accumulation and reporting of data which show the results of operations and financial position for use by creditors, investors, regulators, managers, and others in their evaluation of the organization. Prerequisite: graduate standing.
5122 Introduction to Management Accounting Introduction to cost terminology, concepts, and measurements leading to product costs, cost control, and budgeting. Prerequisite: ACCT 5112 or equivalent with a grade of "C" or better.
5303 Accounting Decisions and Control Preparation and utilization of financial information for internal management purposes: planning and special decisions, cost determination, performance evaluation and control. Prerequisite: ACCT 5112/5122 or equivalent.
5413 Accounting Issues for Restructurings Integrated course which examines the financial reporting, tax, managerial, systems and auditing aspects of major corporate restructurings arising from events such as mergers, acquisitions, spinoffs, reorganizations and downsizing. Prerequisites: ACCT 4753 or equivalent with grade of "C" or better.
5433 Fraud Prevention and Detection An examination of various aspects of fraud prevention and detection, including the sociology of fraud, elements of fraud, types of fraud involving accounting information, costs of fraud, use of controls to prevent fraud, and methods of fraud detection. Prerequisites: ACCT 5112/5122 and CISQ 3333 or equivalent courses each with grade "C" or better.
5443 Asset Management Acquisition and management of inventories, tangible capital assets, and intanagible assets. Included are issues such as acquisition processes, internal controls, system requirements, accounting measurements, inventory models, re-engineering, capital budgeting, and tax implications. Prerequisites: ACCT 5112/5122 and CISQ 3333 or equivalent courses with grade of "C" or better.
5463 Contemporary Accounting Issues (Sp) Cross-functional seminar on emerging issues in accounting. Prerequisites: ACCT 5413 and ACCT 5433
549V Special Topics in Accounting Seminar in current accounting topics not covered in other courses. Course is taught in separate one-hour units, each with a different topic and instructor. Students may enroll in one or more units. Prerequisite: consent of instructor and adviser.
5523 Advanced Accounting Information Systems This course describes accounting systems in technologically advanced environments. Controls and other technical design considerations are described for the input, processing, storage, and reporting of accounting information. Special topics, such as expert systems and artificial intelligence applications in financial accounting, auditing, and tax also receive considerable attention. Prerequisite ACCT 5112/5122 and CISQ 3333 or equivalent courses with grade of "C" or better.
5873 Advanced Taxation A review of the more complex tax issues, focusing on the tax problems encountered by various forms of business entities. Prerequisite: ACCT 3843 or equivalent with grade of "C" or better.
5883 Individual Tax Planning A review of the financial planning opportunities available to individuals, focusing on tax implications of personal business decisions. Prerequisites: ACCT 5112/5122 and CISQ 3333 or equivalent courses with a grade of "C" or better.
5953 Assurance Services The expression of assurance on financial statements and other forms of information for decision-makers. Includes risk assessment, evidence gathering, and reporting. Prerequisite: ACCT 4753 and 4963 or equivalent courses each with grade of "C" or better.
The following courses are restricted to students admitted to a doctoral program of the College of Business or by permission of the Accounting doctoral advisor
6011 Graduate Colloquium Presentation and critique of research papers and proposals.
6033 Accounting Research Seminar I First course in the accounting research seminar sequence which explores and evaluates current accounting literature. Course content reflects recent developments in the literature and specific interests of participants. Examples of potential topics include research methods in accounting, financial accounting, managerial accounting, behavioral accounting, tax, audit, international accounting, and education.
6133 Accounting Research Seminar II Second course in the accounting research seminar sequence which explores and evaluates current accounting literature. Course content reflects recent developments in the literature and specific interests of participants. Examples of potential topics include research methods in accounting, financial accounting, managerial accounting, behavioral accounting, tax, audit, international accounting, and education. Prerequisites: ACCT 6033.
6233 Accounting Research Seminar III Third course in the accounting research seminar sequence which explores and evaluates current accounting literature. Course content reflects recent developments in the literature and specific interests of participants. Examples of potential topics include research methods in accounting, financial accounting, managerial accounting, behavioral accounting, tax, audit, international accounting, and education. Prerequisites: ACCT 6033.
6333 Empirical Research in Finance and Accounting A study of recent empirically based research in finance and accounting literature with emphasis on the application of various research methods to finance and accounting data. (Same as FINN 6333.)
636V Special Problems in Accounting (1-6) Special research project under supervision of a graduate faculty member. One to six hours of credit by arrangement.
6433 Accounting Research Seminar IV Fourth course in the accounting research seminar sequence which explores and evaluates current accounting literature. Course content reflects recent developments in the literature and specific interests of participants. Examples of potential topics include research methods in accounting, financial accounting, managerial accounting, behavioral accounting, tax, audit, international accounting, and education. Prerequisites: ACCT 6033.
6633 Accounting Research Seminar V Fifth course in the accounting research sequence which explores and evaluates current accounting literature. Course content reflects recent developments in the literature and specific interests of participants. Examples of potential topics include research methods in accounting, financial accounting, managerial accounting, behavioral accounting, tax, audit, international accounting, and education. Prerequisite: ACCT 6033.
700V Doctoral Dissertation (1-6) Prerequisite: candidacy and consent.
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