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Accounting

 

ACCREDITED BY ACBSP
Accreditation Council for Business Schools and Programs

Department of Business & Economics

    accounting                            

 

ACCOUNTING

  
Accounting is the language of business.  This has been so since the basic bookkeeping procedure was established by an Italian merchant named Pacioli centuries ago.  The same basic system is utilized by small and large corporations alike to record and summarize business transactions.

 

 

CAREERS IN ACCOUNTING

The accounting program prepares students to work in any of the three types of accounting:

  1. PUBLIC ACCOUNTING:
    provide independent auditing, accounting, management consulting, financial planning, and tax planning and preparation services to clients.

  2. MANAGERIAL ACCOUNTING:
    employed by big and small businesses to generate the financial information needed to make business decisions, and to design and implement financial controls.

  3. INSTITUTIONAL/GOVERNMENT ACCOUNTING:
    provide tax, general accounting, budgeting, financial management and audit services at the federal, state and local government levels and in not-for-profit organizations.

Accounting also provides an excellent background for many other financially related professions such as banking, investment management, investment analysis, credit and lending, insurance, tax preparation, and securities brokering; it also is one of the undergraduate degrees often recommended as preparation for law school.

Students in the Accounting Concentration may elect to take specified courses from the Criminal Justice program to earn a focus in Forensic Accounting.  Forensic Accountants often work for law enforcement agencies such as the FBI and for public accounting firms.

Many Edinboro accounting graduates are successful corporate, government, and public accountants including partners in international public accounting firms. The program has provided sufficient background to aid numerous students in passing the C.P.A. exam while still undergraduate students. 


 

STUDYING ACCOUNTING AT EDINBORO UNIVERSITY

The Accounting concentration includes the course work necessary to prepare for a career in accounting.  Beyond foundation courses in economics, finance, marketing, management, information technology, analytical methods and integrated decision-making, the accounting program includes course work in:

 

ACCOUNTING THEORY
including financial statement preparation

TAXATION
including tax preparation for individuals, corporations, and estates and trusts

AUDITING
and computer systems

MANAGERIAL ACCOUNTING
including using accounting information for making management decisions

     

Accounting students at Edinboro have secured a wide variety of government, managerial accounting, and public accounting internships to enhance their education and their marketability after graduation.

 

The Curriculum Requirements Sheet and Recommended Course Sequence for the Accounting concentration may be found here. 


 

DUAL CONCENTRATION WITH FINANCIAL SERVICES

Many public accounting firms now offer a full range of financial services to their clients.  In order to gain an understanding of savings, investment and financial management strategies for individuals and organizations, many accounting students interested in public accounting are pursuing dual concentrations: Accounting and Financial Services.  With careful course planning, accounting students can earn both concentrations  by exceeding the 120 credits of the Bachelor of Science in Business Administration by only 3 credits (i.e. for a total of only 123 credit hours).

Click here for information on the Financial Services Concentration

 


 

AICPA 150-HOUR RULE

The American Institute of Certified Public Accountants (AICPA) has recommended that candidates for the Certified Public Accountant designation have earned 150 college credit hours.  However, Pennsylvania does not yet require 150 hours.  According to the Pennsylvania Institute of Certified Public Accountants (PICPA):

  • Candidates who pass the exam with only a bachelor's degree need to complete two years of work experience (3,200 hours) to gain certification

  • Candidates who pass the exam and gathered 150 credit hours (with specified additional credits) need only one year of work experience to gain certification.

The PICPA also states, "The 150 hour requirement may be mandated for CPA certificate applicants after January 1, 2012. The 150 hours of college education would have to be completed through a combination of undergraduate and/or graduate study. You do not need to accumulate the 150 hours prior to taking the uniform CPA Exam. You may continue to accumulate college credit after receiving your undergraduate degree. Once you have 150 hours of college education, passed the uniform CPA Exam and met experience requirements, you may apply to the Pennsylvania State Board of Accountancy for a CPA certificate and license.  The 150 hour requirement would not apply to an individual who successfully completed one or more parts of the CPA Exam prior to Dec. 31, 2011." ("150-Hour Requirement."  PICPA.  Retrieved June 29, 2007: http://www.cpazone.org/exam/requirements/index.asp)

In the employment market, earning 150 hours may be a competitive advantage and, to be licensed in some states, a necessity.  Students electing to earn 150 hours may take the necessary additional 30 hours by completing a dual concentration in Financial Services (21 additional upper-level business credits, 18 of which fill the Free Electives credits in the Accounting concentration), a 15-credit internship and 12 credits of additional courses.  Other means for meeting the 150-hour rule can be developed with the student's Academic Advisor.

 

Click below to learn the requirements for sitting for the CPA Exam:

AICPA

PICPA (Pennsylvania)


 

For further information, please contact Professor Gerald Carnes at 814-732-2407 or at carnes@edinboro.edu.