Accounting

This program helps prepare students for careers in public accounting, government, IT consulting, and business. Students may opt for either a traditional accounting curriculum or a technology-focused curriculum, depending on the selection of major elective courses. Those students choosing the traditional accounting curriculum may be academically eligible to sit for the CPA examination in Florida after the completion of the undergraduate degree. Usually, students pursuing a public accounting career continue into the Master of Accountancy program.

In order to continue in the accounting major or minor, a student must maintain at least a 2.0 average in all 300- and 400-level accounting courses.

Mission Statement

The mission of the M. E. Rinker, Sr. Institute of Tax and Accountancy (Department of Accounting) is to offer an intellectually challenging undergraduate and graduate education that will facilitate the development of our students as successful accounting professionals. The focus of the Institute’s educational program is excellence in teaching in a rigorous yet supportive learning environment.

The mission is accomplished as follows:

The Institute’s focus on teaching excellence is supported by:

  • Faculty recruitment, selection, and development that fosters quality instruction and student support;
  • Intellectual endeavors that support and enhance innovative teaching, contribute to the body of accounting knowledge, or advance the practice of accounting;
  • Faculty service that draws the Institute and its students closer to the accounting and business communities as well as the University community; and
  • Faculty maintaining currency with professional practice through interaction with the accounting profession, consulting with business, and involvement with professional and academic organizations.

The Institute seeks to provide a distinctive educational experience by encouraging:

  • High involvement and experiential learning in a small class environment;
  • An orientation toward real-world applicability in teaching and research;
  • A pervasive commitment to professionalism, integrity, and ethical behavior; and
  • A faculty-student relationship that extends from academic and career counseling through professional success.

The Institute administers undergraduate and graduate degree programs in accounting. Students completing both the undergraduate and graduate degree program in accounting are academically qualified for the CPA examination and CPA licensure in Florida. The Institute also administers an accounting minor and a business law minor and provides introductory and advanced level accounting courses in support of other undergraduate and graduate business degree programs.

More information can be found online at http://www.stetson.edu/academics/programs/accounting.php.

Minor in Accounting - 4 Units

The minor in accounting is available to all Stetson undergraduate students. The minor is designed to offer a comprehensive background in the principles and practices of accounting as well as the option of focusing on specific areas of interest.

The minor field of study in accounting is generally viewed as a complementary and desirable adjunct to anyone majoring in any business discipline. It also adds a positive diversification to any non-business major, particularly those who plan to study business or accounting at the graduate level.

More information can be found online at http://www.stetson.edu/other/academics/programs/accounting.php

Required Courses
ACCT 303Financial Accounting I1
ACCT 304Financial Accounting II1
Elective Courses
Select two of the following:2
Federal Taxation of Individuals
Information Systems Security and Control
Managerial Cost Accounting
Federal Taxation of Entities
Auditing I
Financial Accounting III
Total Units4

A student considering a minor in accounting should check with his or her faculty advisor as early as possible as to the applicability of Accounting Minor courses to elective credit.

Advising Course Plan - Accounting Major

First Year
FallUnits
FSEM 100First Year Seminar1
ECON 103SEssentials of Economics I1
Writing Enhanced course requirement1
BSAN 101Information Technology II (if needed)0.5
SOBA 100Transitions I: Self Ownership and Direction0.5
 Term Units4
Spring
General Education Language 102L-level11
MATH 122QCalculus for Business Decisions1
General Education requirement1
General Education requirement1
 Term Units4
Second Year
Fall
ACCT 2112Introduction to Financial Accounting1
General Education requirement1
SOBA 209VThe Legal, Social and Ethical Environment of Business1
SOBA 205Professional Communications1
STAT 201Introduction to Business Statistics0.5
 Term Units4.5
Spring
ACCT 212Introduction to Management Accounting1
INTL 201International Business and Culture1
BSAN 250Management Information Systems1
General Education requirement1
 Term Units4
Third Year
Fall
ACCT 3033Financial Accounting I1
ACCT 3013Federal Taxation of Individuals1
ACCT 3003Accounting Colloquium0.0
STAT 301QBusiness Statistics1
MGMT 305Principles of Management1
 Term Units4
Spring
ACCT 3044Financial Accounting II1
ACCT 4214Managerial Cost Accounting1
Junior Seminar1
FINA 311Financial Management1
 Term Units4
Fourth Year
Fall
BSAN 398Data and Information Technology1
ACCT 4103Information Systems Security and Control1
MKTG 315The Marketplace and Consumers1
BLAW 4075Business Law I (or ACCT Elective, or Elective)1
 Term Units4
Spring
ACCT Elective or Elective1
Elective1
MGMT 495Strategic Management1
Elective1
 Term Units4
Total Unit: 32.5
1

This plan assumes that the accounting major will exempt (by examination) the first semester of language.

2

Must be taken prior to fall of junior year.

3

Courses offered in fall semester only.

4

Courses offered in spring semester only.

5

If the Accounting major wishes to take the CPA exam they must take BLAW 407 as an undergraduate or as part of the MAcc program; if BLAW is not taken, the student may instead take a general elective.

Honors Certificate in Accounting

An optional honors certificate in the accounting major is available to academically gifted accounting majors who wish to pursue advanced, focused study in accounting.

Students wishing to pursue the certificate must meet the following requirements:

  • Present a 3.50 or higher cumulative grade point average upon completion of at least 60 credits.
  • Submit an application in the semester in which both ACCT 301 and ACCT 303 will be completed.
  • Earn a grade of B or higher in both ACCT 301 and ACCT 303.
  • Present a recommendation from a Stetson accounting faculty member.
  • Present a personal statement explaining why the student wishes to participate in the program.

Applications will be reviewed and approved by the Accounting Department Chair.

Approved applicants must meet the following program requirements:

  • Complete the honors-designated section of at least two of the following accounting courses with a grade of B or higher in each course: ACCT 304, ACCT 402, ACCT 406, ACCT 407, ACCT 410, or ACCT 421.
  • Complete an approved accounting/tax research project under the direction of an accounting faculty member SOBA 496 or ACCT 490) with a grade of B or higher.

Note: Students pursuing the certificate are strongly encouraged, but not required, to complete a for-credit or not-for-credit accounting-related internship to further enhance their marketability upon graduation.

Students successfully completing the honors certificate requirements will receive a certificate and will have their successful completion duly noted on their undergraduate transcript.

ACCT 190. Special Topics in Accounting. 1 Unit.

ACCT 191. Special Topics in Accounting. 1 Unit.

ACCT 211. Introduction to Financial Accounting. 1 Unit.

Financial Accounting with emphasis on the concepts and standards for financial reporting in corporate accounting. Prerequisite: Sophomore standing.

ACCT 212. Introduction to Management Accounting. 1 Unit.

Introduction to uses of accounting data for planning, control and decision making. Prerequisite: ACCT 211.

ACCT 213. Introduction to Financial and Managerial Accounting. 1 Unit.

A survey of both financial and managerial accounting. Financial accounting and reporting will be explored from a user perspective. Students will also learn to use managerial accounting informationfor planning, control, and decision-making. This course is open to non-business majors and pre-MBA students. It cannot be used to fulfill the undergraduate foundation requirements for business majors.

ACCT 285. Independent Study. 0.5 or 1 Units.

ACCT 290. Special Topics in Accounting. 1 Unit.

ACCT 300. Accounting Colloquium. 0.0 Units.

This course provides an overview of the accounting profession, including its history, the critical role of professionalism, ethics, and integrity, the standard-setting and regulatory environment in which it operates, and licensure and credentialing, among others.

ACCT 301. Federal Taxation of Individuals. 1 Unit.

A study of the tax laws applicable to individuals and business owners. Prerequisite: ACCT 211.

ACCT 303. Financial Accounting I. 1 Unit.

A study of the process in establishing Generally Accepted Accounting Principles, basic accounting concepts, financial statements, unusual income reporting items, accounting for assets and their related revenues and expenses. Prerequisite: ACCT 211 with a grade of C or higher.

ACCT 304. Financial Accounting II. 1 Unit.

Accounting for current and long-term liabilities, stockholder’s equity, cash flow statements and error correction. Prerequisite: ACCT 303 with a grade of C or higher.

ACCT 310. Accounting Information Systems. 1 Unit.

The purpose of this course is to examine contemporary topics concerning the use of information technology (IT) and Accounting Information Systems (AIS) by modern business organizations and to explore the accountant’s potential role as user, manager, auditor and/or designer of such technologies and systems. Prerequisites: junior standing, ACCT 212 and ACCT 303 or permission of instructor. The course is open only to accounting majors and minors. ACCT minor requirement also open to BSAN majors and BSAN minors (with instructor approval).

ACCT 385. Independent Study. 0.5 or 1 Units.

ACCT 390. Special Topics in Accounting. 1 Unit.

ACCT 397. Accounting Internship. 0.5 or 1 Units.

Students will complete a 120 hour internship in accounting, auditing, tax or information systems with a business, governmental or not-for-profit entity. Emphasis is on a relevant learning environment and acquisition of appropriate career skills at a suitable level of responsibility. Prerequisite: Accounting major; junior standing; and permission of instructor and accounting department chair.Enrollment in an internship course requires students to attend an orientation prior to beginning work at their internship site. For more information regarding internship orientations, please contact Career & Professional Development at career@stetson.edu or 386-822-7315.

ACCT 402. Federal Taxation of Entities. 1 Unit.

A study of the tax laws applicable to corporations, partnerships. Corporations and L.L.C.s Tax research is a part of the course. Prerequisite: ACCT 303.

ACCT 406. Auditing I. 1 Unit.

The theory and practice of external auditing, including a review of generally accepted auditing standards (GAAS) for audit planning, field work, and reporting as well as the Code of Professional Conduct and the accountant’s legal liability. Accounting and review services and agree-upon procedures are also discussed. Prerequisite: ACCT 304.

ACCT 407. Financial Accounting III. 1 Unit.

A study of accounting for inter-corporate investments, consolidated statements, foreign operations, disaggregated information and partnerships. Prerequisite: ACCT 304.

ACCT 410. Information Systems Security and Control. 1 Unit.

The purpose of this course is to examine the principle vulnerabilities of and threats to business information technology and accounting information systems and to examine the corresponding information security and internal controls necessary to protect organizational IT and AIS resources and reduce risks associated with such technologies and systems. Prerequisite: ACCT 304.

ACCT 411. Current Issues in Accounting. 1 Unit.

This course includes in depth studies of advanced topics in accounting, tax or accounting information systems. The subjects will vary with instructor and student interest. Prerequisite: ACCT 304.

ACCT 421. Managerial Cost Accounting. 1 Unit.

Use of cost data for product costing, managerial planning, control and decision-making. Prerequisite: ACCT 212 with a grade of C or higher and ACCT 303.

ACCT 424. Principles of Business Valuation. 1 Unit.

Principles of Business Valuation. 4 credits. An introduction to business valuation of non-public companies, with a focus on valuation theory, financial statement analysis, financial analysis, risk assessment and measurement, and the application of valuation methodologies and professional judgment. Junior or Senior standing required. Prerequisite: FINA 311.

ACCT 485. Independent Study. 0.5 or 1 Units.

Content to be determined by instructor.

ACCT 490. Special Topics in Accounting. 1 Unit.