Student ID:__________________________ Student Name:_______________________ Adviser Name:_______________________ Bulletin: 2018-2019 Undergraduate Bulletin Program: Accounting and Professional Services Major, B.A./B.S. Minimum Credits Required:__________________

Accounting and Professional Services Major, B.A./B.S.

Romain College of Business 

61 hours (31 hours of Business Core + 30 hours of accounting and business coursework)

Career opportunities in accounting include public accounting (certified public accounting firm), industry (industrial and commercial enterprise), not-for-profit organizations, government, and after graduate education, college or university faculties.

Accountants in public practice provide audit, tax, or management advisory services. Success in passing the Certified Public Accountant (CPA) examination is necessary for advancement in public accounting. A variety of services are performed by public accountants including:

  • auditing (attesting to the fairness of financial statements),
  • computer consulting,
  • tax return preparation,
  • tax and financial planning, and
  • carrying out financial investigations in cases of fraud, insolvency, or disputes.

Accountants in industry make up a substantial portion of the profession. They record, analyze, and report information used by managers to make financial and managerial decisions for businesses such as manufacturers, retailers, service companies, and financial institutions. Governmental and not-for-profit accounting, a growth accounting field, includes positions with federal, state, and local governments, hospitals, universities, and charitable organizations. Government agencies employ a large number of accountants, some of whom audit records of private businesses, not-for-profit organizations, or individuals subject to government regulation. Accountants in industry may also be certified as Certified Management Accountants (CMA).

Accounting graduates often continue their formal education by pursuing advanced technical or professional degrees such as a master’s degree in accountancy, a master’s degree in business administration, or a law degree. A doctorate in accounting usually leads to a university faculty career.

CPA candidates must earn a minimum of 150 credit hours of college/university course work to sit for the CPA exam in Indiana. Graduates with an undergraduate degree in a non-accounting field may satisfy the CPA exam requirement through the Post-Baccalaureate Certificate in Professional Accountancy (PBCPA) program at USI.

Those who wish to engage in public accounting practice in Indiana as certified public accountants should familiarize themselves with the rules and regulations issued by the Indiana Board of Accountancy (www.in.gov/pla/accountancy.htm). Students planning to practice outside of Indiana should consult the CPA board of the appropriate state.

Romain College of Business Degree Requirements

Students seeking a bachelor’s degree with a major from the Romain College of Business must satisfy all business degree requirements and Core 39 requirements listed in the Romain College of Business section of the bulletin.

Business Core for All Business Majors (31 hours)

The following required core courses provide breadth in a college education for business and a foundation for specialization in a major:

Course NameCredits:Term TakenGradeGen Ed
CIS 201 - Business Processes and Information Systems
Term(s) Offered: Fall, Spring, Summer
Credits: 3
ACCT 201 - Accounting Principles I
Term(s) Offered: Fall, Spring, Summer
Credits: 3
ACCT 202 - Accounting Principles II
Term(s) Offered: Fall, Spring, Summer
Credits: 3
BCOM 231 - Business Communication

USI Core 39: Embedded Experience-Writing.


Term(s) Offered: Fall, Spring, Summer
Credits: 3
BLAW 263 - Legal Environment of Business
Term(s) Offered: Fall, Spring, Summer
Credits: 3
ECON 265 - Elementary Statistics
Term(s) Offered: Fall, Spring, Summer
Credits: 3
FIN 305 - Business Finance
Term(s) Offered: Fall, Spring, Summer
Credits: 3
MNGT 305 - Principles of Management
Term(s) Offered: Fall, Spring, Summer
Credits: 3
MKTG 305 - Principles of Marketing
Term(s) Offered: Fall, Spring, Summer
Credits: 3
BCOM 401 - Business Career Planning and Professional Development
Term(s) Offered: Fall, Spring, Summer
Credits: 1
MNGT 452 - Policy Formulation and Implementation

USI Core 39: Embedded Experience-Writing


Term(s) Offered: Fall, Spring, Summer
Credits: 3

Business Major Requirements (21-33 hours)

Specific upper-division course requirements for the various business majors are listed under each program. These upper-level major course requirements should be completed during the junior and senior years.

Accounting and Professional Services Major

Required Courses (24 hours)

Course NameCredits:Term TakenGradeGen Ed
ACCT 303 - Intermediate Accounting I
Term(s) Offered: Fall, Spring
Credits: 3
ACCT 304 - Intermediate Accounting II
Term(s) Offered: Fall, Spring
Credits: 3
ACCT 311 - Introduction to Federal Income Taxation
Term(s) Offered: Fall, Spring
Credits: 3
ACCT 315 - Cost Accounting
Term(s) Offered: Fall, Spring
Credits: 3
ACCT 401 - Advanced Accounting
Term(s) Offered: Fall, Spring
Credits: 3
ACCT 413 - Accounting Information Systems
Term(s) Offered: Fall, Spring
Credits: 3
ACCT 415 - Auditing Theory and Practice
Term(s) Offered: Fall, Spring
Credits: 3
ACCT 465 - Accounting Ethics & Compliance
Term(s) Offered: Fall, Spring
Credits: 3

Directed Electives (Choose one 6 hour track)

General Program (no emphasis)

In addition to the 24 required hours in accounting, students in the general program (no emphasis) will be required to choose six hours from the following options.

Course NameCredits:Term TakenGradeGen Ed
ACCT 390 - Individual Taxation Practicum
Term(s) Offered: Spring
Credits: 3
ACCT 411 - Advanced Federal Taxation
Term(s) Offered: Fall,Spring
Credits: 3
ACCT 416 - Advanced Cost Accounting
Term(s) Offered: Irregularly offered
Credits: 3
ACCT 422 - Financial Report and Analysis
Term(s) Offered: Fall, Spring
Credits: 3
ACCT 445 - Forensic Accounting
Term(s) Offered: Fall
Credits: 3
ACCT 453 - Investment Accounting
Term(s) Offered: Fall, Spring
Credits: 3
ACCT 499 - Accounting Internship
Term(s) Offered: Fall, Spring, Summer
Credits: 1-6
ECON 361 - Money and Banking
Term(s) Offered: Fall, Spring
Credits: 3
FIN 433 - Principles of Investments
Term(s) Offered: Fall, Spring
Credits: 3
FIN 461 - Financial Management
Term(s) Offered: Fall, Spring
Credits: 3
CIS 301 - Enterprise Processes and Information Systems
Term(s) Offered: Fall, Spring
Credits: 3

Investment Accounting Emphasis

Students in choosing this option will complete the 24 hours of required accounting courses, and will complete two directed electives.

Course NameCredits:Term TakenGradeGen Ed
FIN 433 - Principles of Investments
Term(s) Offered: Fall, Spring
Credits: 3
ACCT 453 - Investment Accounting
Term(s) Offered: Fall, Spring
Credits: 3

Taxation Emphasis

Students in choosing this option will complete the 24 hours of required accounting courses, and will complete two directed electives.

Course NameCredits:Term TakenGradeGen Ed
ACCT 390 - Individual Taxation Practicum
Term(s) Offered: Spring
Credits: 3
ACCT 411 - Advanced Federal Taxation
Term(s) Offered: Fall,Spring
Credits: 3
Notes: