Academic Learning Compact - Accounting

The major offers a balanced, intellectually vibrant study of the field of accounting. Upon completion of the baccalaureate program, you will possess the requisite accounting skills for entry-level positions in the practice of public accounting, in industry, in financial services, in government and in business more generally. You will also be prepared for graduate study in accounting, in business and in related professions such as the law. More broadly, you will be prepared for success in a constantly evolving world economy.

Additional information is available from your major's website.

Before Graduating You Must

• Take the Business Field Test as prepared and administered by the Educational Testing Service (ETS). The score will be incorporated into a core business course taken in the final term.
• Complete requirements for the baccalaureate degree, as determined by faculty.

Skills You Will Acquire in the Major (SLOs)

1. Understand individual business disciplines and their relationship to the global business environment.
2. Understand, create and analyze financial statements based upon generally accepted accounting principles.
3. Understand basic U.S. tax laws as applied to businesses and individuals.
4. Understand the attestation function and generally accepted auditing standards.
5. Understand the basic concepts of cost and managerial accounting and its role in business.
6. Apply mathematical concepts and technology to interpret, understand and communicate quantitative data.
7. Apply the conceptual framework, economic reasoning and generally accepted accounting principles to solving accounting problems.
8. Analyze and interpret economic and financial events for internal decision-making purposes.
9. Attest to the fairness of financial representations and the adequacy of internal controls.
10. Prepare basic individual and business tax returns; apply U.S. tax laws for tax planning purposes.
11. Effectively produce, interpret and analyze written text, oral messages and multimedia presentations used in business.