Oct 23, 2018  
2018-2019 Undergraduate Bulletin 
    
2018-2019 Undergraduate Bulletin

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


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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 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


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.

Investment Accounting Emphasis


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

Taxation Emphasis


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

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