ACCOUNTING - MAJOR AND MINOR

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VSB’s Accounting programs are designed to prepare you for careers with accounting firms, corporations (public and private), governmental organizations, and other professional groups. An undergraduate degree in Accounting from VSB will provide you with a solid foundation in accounting principles, an understanding of the critical tools, and the ability to communicate with executives and handle complex tasks. With nearly 100% of Accounting majors finding full-time placement by graduation, VSB Accounting students are prepared and well-positioned for a rewarding career in accounting, finance and elsewhere.

A minor in Accounting will supplement almost any business degree. Many students pair an accounting minor in Finance and Management Information Systems as jobs in these fields engage with accounting routinely.

Earning a Major

You must complete the core curriculum and the business curriculum, along with all four required Accounting courses plus two elective courses.

Earning a Minor

You must complete the core curriculum and the business curriculum plus your major requirements, along with two of the required Accounting courses (noted by *) plus one elective course.
Note: ACC 2360 and ACC 2430 may count as an elective for your minor. 

Preparing for the CPA

The requirements for becoming a certified public accountant (CPA) differ by state but most include completing 150 credit hours in an accounting program at a college/university, passing the Uniform CPA Exam and obtaining a specific amount of professional work experience. Today, most professional accounting firms require the 150 credit hours prior to employment. Some students fulfill the 150 credit hours by taking an overload as undergraduates during the fall and spring semesters and/or by taking summer classes. Others pursue a combined undergraduate and graduate degree to meet the 150 credit hours by earning a major in Accounting along with a Master of Accounting in Data Analytics over the course of four, four and a half, or five years. Additionally, you can view professional licensure disclosures provided by the university which goes into further detail regarding this preparation.

MAJOR REQUIREMENTS

In addition to the core curriculum and business curriculum, students interested in majoring in accounting must take the courses listed below along with two electives.

Description: Continues the intensive study and application of GAAP for asset valuation, income measurement, and financial statement presentation begun in ACC 2310. Selected accounting and consulting issues. Correction of financial statements, income taxes, pensions, segment reporting, cash-flow disclosures, debt issuance and amortization, leases, and investments. As with ACC 2310, each topic under GAAP compared to IFRS counterpart.

Prerequisites: ACC 2310

Credit Hours:3

Last Offered: Spring 2021, Fall 2020, Spring 2020, Fall 2019

CRSE Attributes: NONE

Description: Continues the intensive study and application of GAAP for asset valuation, income measurement, and financial statement presentation begun in ACC 2310. Selected accounting and consulting issues. Correction of financial statements, income taxes, pensions, segment reporting, cash-flow disclosures, debt issuance and amortization, leases, and investments. As with ACC 2310, each topic under GAAP compared to IFRS counterpart.

Prerequisites: ACC 2310

Credit Hours:3

Last Offered: Spring 2021, Fall 2020, Spring 2020, Fall 2019

CRSE Attributes: NONE

Description: An introduction to federal income taxation with primary emphasis on the tax implications of business transactions. Objectives of the course are to explore tax-policy issues and to develop a basic understanding of federal income tax laws, income tax planning, and the impact of taxes on business decisions. Restricted to Accounting majors and minors with Junior and Senior standing.

  • Prerequisites: ACC 2310 (concurrency) and (VSB 2009 or VSB 2010 or VSB 2030 and VSB 2040)
  • Credit Hours: 3
  • Last Offered: Fall 2020, Spring 2020, Fall 2019, Spring 2019
  • CRSE Attributes: NONE

Description: Auditing standards employed in verification of and reporting on financial statements, evaluation of controls, statistical sampling, substantive testing, legal liability and professional responsibilities, and professional standards of ethics. Includes written and oral group case assignments and application of computer technology. Restricted to Accounting majors and minors.

  • Prerequisites: ACC 2310 and ACC 2320 (concurrency)
  • Credit Hours: 3
  • Last Offered: Fall 2020, Spring 2020, Fall 2019, Spring 2019
  • CRSE Attributes: NONE

ACCOUNTING ELECTIVE COURSES

This course offers both a conceptual overview and hands-on experience with a variety of AIS related material. Topics covered include: Semantic modeling and event driven accounting information systems (AIS); development, documentation, control and audit of AIS, with particular reference to the COBIT framework; an overview of XBRL and its role in financial reporting; the use of database management software and accounting software in developing modern AIS.

  • Prerequisites: ACC 2310
  • Credit Hours: 3
  • Last Offered: Fall 2020, Summer 2020, Spring 2020, Fall 2019
  • CRSE Attributes: NONE

Description: Accounting for both private and public real estate entities, acquisitions, development, operations, dispositions, impairments and fair value implications of real estate transactions and ownership.

  • Prerequisites: ACC 2310
  • Credit Hours: 3
  • Last Offered: Fall 2020, Fall 2019, Fall 2018, Fall 2017
  • CRSE Attributes: NONE

Description: Examines a variety of international accounting issues, including international financial accounting standards; consolidation of international operations; auditing standards and procedures; managerial accounting systems for planning, control, and performance measurement; political, legal, and cultural influences on accounting and transfer pricing. This course can be applied toward the international course requirement and in VSB's Master of Accountancy Program.

  • Prerequisites: ACC 2310
  • Credit Hours: 3
  • Last Offered: Spring 2020, Spring 2019, Spring 2018, Spring 2017
  • CRSE Attributes: NONE

Description: Theories and techniques used for specialized accounting problems, with emphasis on business combinations, consolidations, multinational corporations, not-for-profit entities partnerships, and issues related to solvency and liquidation and financial fraud. Restricted to Accounting majors and minors.

  • Prerequisites: ACC 2310 and ACC 2320 (concurrency)
  • Credit Hours: 3
  • Last Offered: Spring 2020, Spring 2019, Spring 2018, Spring 2017
  • CRSE Attributes: NONE

Description: Introduction to modern cost accounting systems and the accounting information needs of managers, including: costing approaches (job-order process, standard, and absorption); cost behavior analysis; differential costs for decision-making; activity-based costing (ABC) and activity-based management (ABM); performance evaluation; and, issues related to quality. Group work and case analysis (both oral and written) required. Restricted to Accounting majors and minors with Senior standing.

  • Prerequisites: ACC 2310 and VSB 3006
  • Credit Hours: 3
  • Last Offered: Fall 2020, Fall 2019, Fall 2018, Fall 2017
  • CRSE Attributes: Writing Enhanced Requirement

Description: Advanced federal income tax topics and issues pertaining to individuals, partnerships, corporations, and estates and trusts. Emphasis on tax planning and tax research.

  • Prerequisites: ACC 2310 and ACC 2360
  • Credit Hours: 3
  • Last Offered: Spring 2020, Spring 2019, Spring 2018, Fall 2017
  • CRSE Attributes: NONE

Description: The focus of the course is on the pervasiveness and causes of fraud, methods for investigating fraud within organizations, and what organizations can do to prevent and detect fraud. The successful completion of the course provides a basic understanding of various types of fraud, the fraud triangle, fraud prevention and internal control, fraud detection and investigaion techniques, financial statement fraud, fraud against organizations, bankruptcy and divorce fraud, fraud in e-commerce, and the legal elements and resolution of fraud.

  • Prerequisites: ACC 2430 (concurrency)
  • Credit Hours: 3
  • Last Offered: Spring 2020, Spring 2019, Spring 2018, Fall 2017
  • CRSE Attributes: NONE

Master of Accounting With Data Analytics

Grow your accounting knowledge with data analytics with other essential skills—valuations, risk, tax, fraud, and more—to advance your career right from the start.


Meet the Future Accountant: Five Essential Qualities the Industry Expects

Expectations for new accountants are higher than ever as the industry evolves, explains Accounting Department Chair Michael Peters, PhD.

New Accountant Cover

  


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