Department of Accounting
418 Bryan Building

FacultyMission StatementAccounting Major (BS)Honors in AccountingAccounting Courses

Charles D. Mecimore, Professor and Head of Department

Professors Collins, Jones (Emeritus), Woelfel, (Emeritus); Associate Professors Cassill, Helms; Assistant Professor Anderson; Lecturers Leuck, Price, Shepherd; Visiting Assistant Professor Dupree and Instructor Raedy

The mission of the Department of Accounting of the Joseph M. Bryan School of Business and Economics is (1) to provide high quality programs of education for accounting majors at the undergraduate and graduate levels, (2) to provide high quality courses to support the undergraduate and graduate programs offered by the Bryan School and the University at large, (3) to simulate and support productive, high quality research, scholarship, and publication, (4) to provide service, largely through committee representation to the University, the Bryan School, the Department, the Academic Accounting Community and the Accounting profession, and (5) to foster faculty interaction with the external community that serves the needs of the external community.

The primary goal of the department is to provide programs of quality education in accounting at the undergraduate and graduate levels. The undergraduate program provides an excellent foundation for accounting careers in industry, government and other not-for-profit organizations; is sufficiently broad to qualify graduates for a wide range of entry-level, business-related positions; and prepares students for further graduate-level studies in areas such as accounting, law and business administration. (Also offered as an evening program.)

Program Requirements

1. Formal admission to the Department of Accounting, including the following:

A. Successful completion of ACC 201, 202, 203; ECO 201, 202, 250; ISM 110, 280; and MAT 120 or 191

B. Grade of C or better in ACC 201, 202, 203 and ISM 280

C. Cumulative GPA of at least 2.0

2. 122 semester hours

3. At least 50 percent of the business credit hours required for the degree must be earned at UNCG.

All-University Liberal Education Requirements (AULER) (45 hours)

All students in this program must meet AULER requirements. Specific area requirements are indicated below:

1. Analytic and Evaluative Studies (AE), 3 sh
2. British or American Literature (BL), 3 sh
3. Fine Arts (FA), 3 sh
4. Historical Perspectives on Western Culture (HP), 3 sh
5. Mathematics (MT), 3 sh
   Required: MAT 120 or 191
6. Natural Science (NS), 6 sh
7. Non-Western Studies (NW), 3 sh
8. Reasoning and Discourse (RD), 6 sh
   Required: ENG 101 or FMS 103 or RCO 101, and CST 341
9. Social and Behavioral Sciences (SB), 6 sh
   Required: ECO 201 and 202
10. World Literature (WL), 3 sh
11. AULER Electives (EL), 6 sh

See AULER area requirements and courses meeting those requirements.

Major and Related Area Requirements

1. ACC 201, 202, 203, 318, 319, 325, 420, 430; (Transfer credit will be given for Accounting courses at the 300-level or above only by examination.)
2. ECO 201, 202, 250, 300; FIN 315; ISM 110, 280, 360; MGT 309, 312, 331, 491; MKT 320

Electives

Electives sufficient to complete 122 semester hours required for degree. At least 13 hours of electives must be taken outside the Bryan School of Business and Economics.

A. One 3-hour 500-level accounting course may be elected within the 122 hour degree program.

B. Additional 500-level accounting courses may be taken above the 122 hour degree program.

Requirements

Six semester hours to consist of:

• 3 hours of ACC 493
• 3 hours of HSS 490 (Senior Project)

Qualifications

• Enrollment in and successful completion of the University Honors Program
• A declared Accounting Major
• Maintenance of at least a 3.3 overall GPA

Recognition

The designation "Honors in Accounting" will be printed on the student's official transcript.

Courses For Undergraduates

201 Financial Accounting (3:3).

• Pr. second semester freshman standing.

Introduction to external financial statements of organizations, emphasizing the use of accounting information in making investment and other decisions. Addresses ethical considerations and role of financial reporting in society.

202 Managerial Accounting (3:3).

• Pr. second semester freshman standing.

Introduction to internal accounting and reporting of organizations, emphasizing the use of accounting information used by management and other decision makers within the organization.

203 Double-Entry Formal Accounting Systems (1:1).

• Pr. grade of C or better in 201.

Essential aspects of accounting cycle, including journalizing and posting transactions, making necessary adjustments, preparing financial statements and closing the books.

318 Intermediate Accounting I (3:3).

• Pr. admission to program or other approved program; grade of C or better in 201, 202 and 203; junior standing.

Focuses on the conceptual framework underlying financial reporting by business enterprises, the processes by which authoritative accounting guidelines are promulgated, and the preparation, presentation, interpretation, and use of financial statements.

319 Intermediate Accounting II (3:3).

• Pr. admission to program or other approved program; grade of C or better in 318; junior standing; pr. or coreq. 325.

The second course in the two-course intermediate accounting sequence. Continues the examination of the preparation, presentation, interpretation, and use of financial statements.

325 Accounting Transaction Processing Systems (3:3).

• Pr. admission to program or other approved program; grade of C or better in 318; junior standing.

Designed to provide an understanding of a variety of accounting subsystems, systems analysis, and design issues reinforced through case studies. (Formerly ACC 317)

420 Income Tax Accounting (3:3).

• Pr. admission to program or other approved program; grade of C or better in 201, 202, and 203; senior standing.

Tax structure and tax principles. Accounting principles and procedures related to tax accounting. Application of tax and accounting principles to specific problems.

430 Cost Accounting (3:3).

• Pr. admission to program or other approved program; grade of C or better in 201, 202 and 203; senior standing.

Costs and cost accounting principles, costing systems, cost determination procedures; control and analytical practices for managerial decision-making.

493 Honors Work (3-6).

• See prerequisites under Honors Program, XXX 493 (p. 225).
• May be repeated for credit if the topic of study changes.

499 Independent Research in Accounting (1 to 3).

• Pr. admission to program and with permission of Department; senior standing.
• May be repeated for credit with approval of Department Head.

Individual study of an issue or problem(s) in accounting of particular interest to the student. Student must arrange time and course requirements with instructor prior to registration.

Courses For Advanced Undergraduates and Graduate Students

510 Accounting for Governmental and Not-for-Profit Organizations (3:3).

• Pr. grade of C or better in 318, admission to Department or other professional program approved by the Department; senior or graduate standing.

Designed to provide an understanding of accounting theory and practice for governmental and not-for-profit entities.

520 Federal Taxes and Management Decisions (3:3).

• Pr. admission to Department or other professional program approved by the Department; senior or graduate standing.

This course examines the impact of federal income taxes on common business transactions and management decisions. It is designed for the non-tax specialist desiring a broader exposure to income taxes.

530 Cost Management Systems (3:3).

• Pr. grade of C of better in 430 or MBA 612, admission to Department or other professional program approved by the Department; senior or graduate standing.

Principal topics are cost management systems for strategic planning, controlling, and decision-making; and product costing using concepts or resource consumption. Life cycle costing and world class accounting are emphasized.

540 Auditing Concepts (3:3).

• Pr. grade of C or better in 319 and 325, admission to the Department or other professional program approved by the Department; senior or graduate standing.

Theory and practice of operational, compliance, and financial auditing; auditing standards and procedures, ethics, rules of evidence, transaction cycle controls.

542 Specialized Accounting Entities (3:3).

• Pr. grade of C or better in 319, admission to Department or other professional program approved by the Department; senior or graduate standing.

Theory and practice associated with business combinations, consolidated financial statements, partnerships, branches, governmental units, nonprofit organizations, international operations, bankruptcy and other accounting topics related to specialized accounting entities.