Bachelor of Science in

Accounting

MU professor with book in front of class

Program Director: Joan Foster, CMA, MBA, MET

Accounting is the language of business that allows different entities to communicate effectively with each other. The Accounting profession provides this vital service to management and owners of business firms, investors, creditors, labor unions, government agencies and most importantly to the general public. The curriculum of the College's Accounting major is designed to provide individuals with communication, critical thinking, and analytical skills, as well as the technical proficiency needed to become professional accountants.

The American Institute of Certified Public Accountants and other accounting organizations continually emphasize the value of a broad approach to education. The liberal arts core and business support courses that are required of all accounting majors at Misericordia University address this need and help individuals acquire the necessary skills that will contribute to a productive life and satisfying career. The accounting faculty emphasizes the importance of these abilities in accounting courses that also contain the profession's technical body of knowledge. Accounting courses also integrate an extensive use of microcomputers and standard business software into instruction and student assignments. Students are given instruction in business writing and presentation skills.


Expressway

Offered through our Expressway Accelerated Degree Program, you can earn your Bachelor of Science in as little as 2 1/2 years by attending classes part-time. Expressway's convenient and predictable schedule allows you take classes either once a week or online, allowing you to earn up to 12 credits per semester. Courses are offered face-to-face in 5-week sessions at Luzerne County Community College on the Nanticoke Campus and at Lackawanna College, or online in 7 1/2 week sessions.

The Expressway program is the quickest route to a bachelor's degree. It is designed for highly motivated adults who want to earn their degree in a timely manner, have prior college credits, and have work or relevant life experience. Students have the ability to enroll eight different times during the year, not just in the fall and spring.

Click here to view complete information on the Expressway program.

Internships

Work experience is a powerful educational tool in a discipline such as Accounting.To assist students in securing internship positions, Misericordia University works individually with students and schedules on-campus interviews with accounting firms and companies. All Accounting majors are required to complete six (6) credits of internship as a graduation requirement. Internship opportunities are dependent upon successful completion of required course work, availability of employers, and the student's interview.

Admission and Program Requirements

The minimum criteria for admission into the Accounting program as a freshman student are:
  1. Class rank in the top half of the high school graduating class and/or a cumulative 2.5 grade point average
  2. Minimum combined SAT score of 850 for Critical Reading and Math (combined) if taken prior to March 5, 2016, or 930 if taken after March 5, 2016. In lieu of the SAT, ACT results may be presented with a minimum required composite score of 18
Successful transfer applicants will typically hold a minimum collegiate grade point average of 2.0, having completed at least 15 college credits, and have a proven record of success in high school.

Please note the above listed requirements are general, and that each application is looked at thoroughly, taking into account individual grades, academic rigor, and other factors.

Accounting majors must achieve a GPA of 2.15 in the major by the beginning of the junior year and a GPA of 2.25 in the major by the beginning of the senior year. Failure to maintain the appropriate GPA will result in suspension from the major until the GPA meets minimum standards. This policy covers all Accounting, Business, Management Information Systems, and required courses in the major. In addition, students must have a cumulative grade point average of 2.0 for the 48-credit college core in order to graduate.

Accreditation

Misericordia University has received specialized accreditation for its business programs through the International Assembly for Collegiate Business Education (IACBE) located at 11374 Strang Line Road in Lenexa, Kansas, USA.

Course Sequence

First Year
First SemesterCreditsSecond SemesterCredits
Core3Core3
Core3

MTH 115 Basic Statistics

3
MTH Mathematics Group A3

SCI Core (with lab)

4
BUS 205 Macroecomnomics3

BUS 206 Microeconomics

3
ACC 101 Principles of Accounting3BUS 208 Principles of Management3
Total Credits15Total Credits16
Sophomore Year
First SemesterCreditsSecond SemesterCredits
Core3Core3
Core3Core3
ACC 340 Intermediate Accounting I3ACC 341 Intermediate Accounting II3
BUS 269 Principles of Marketing3

MIS 110 Intro to Information Systems

3
Elective3

BUS 300 Quantitative Methods I

3
Total Credits15Total Credits15
Junior Year
First SemesterCreditsSecond SemesterCredits
Core3Core3
Core3Core3
ACC 401 Taxes3ACC 310 Cost Accounting3
Core3

BUS 363 Mgt of Human Capital

3
ACC 342 Intermediate Accounting III3BUS 415 International Business3
Total Credits15Total Credits15
Senior Year
First SemesterCreditsSecond SemesterCredits
Elective3ACC 440 Advanced Financial Accounting3
ACC 410 Auditing3BUS 352 Business Law3

BUS 491
Seminar in
Business
Policies

3

BUS 371 Finance

3

BUS 472 Internship


6Elective3


Elective3
Total Credits15Total Credits15
Total required for graduation: 121 credits

Course Descriptions

ACC 101 Principles of Accounting, 3 credits

This course is an introduction to basic accounting principles, concepts, and procedures. Topics include the accounting cycle, financial reporting and analysis, internal control methods, inventory costing, and an introduction to current and long-term assets and liabilities.

ACC 310 Cost Accounting, 3 credits

This course will explore a broad range of cost concepts including job order costing, process costing, activity-based costing, cost-volume-profit analysis, budgeting and responsibility accounting, cost behavior, standard costing, and allocation of costs. Excel worksheet projects will be completed.
Prerequisite: ACC 101

ACC 340 Intermediate Accounting I, 3 credits

This course explores the theoretical framework, assumptions, and principles associated with accounting. Using this body of knowledge, the student completes a practice set and solves problems on topics such as the preparation and analysis of financial statements, accounting for receivables, inventories, and property, plant and equipment.
Prerequisite: ACC 101

ACC 341 Intermediate Accounting II, 3 credits

Continues the in-depth discussion of key accounting issues. This course focuses on accounting topics such as depreciation methods, intangible assets, current and long-term liabilities, and stockholders’ equity issues.
Prerequisite: ACC 340

ACC 342 Intermediate Accounting III, 3 credits

Concentrates on advanced concepts in accounting. This course focuses on accounting concepts such as dilative securities, investments, revenue recognition, income taxes, and accounting for pension benefits and leases.
Prerequisite: ACC 341

ACC 401 Taxes I, 3 credits

The analysis and preparation of federal and state individual income tax returns based on current tax law. Tax planning is also stressed.
Prerequisite: ACC 101 or consent of instructor

ACC 410 Auditing, 3 credits

A systematic evaluation of generally accepted accounting principles and applicable auditing principles, standards, and procedures. Other topics include the study and evaluation of internal control, verification of account balances, professional ethics, and statistical sampling. A practice set is completed.
Prerequisite: ACC 341

ACC 440 Advanced Financial Accounting, 3 credits

This course provides an introduction to complex accounting issures encoutered by modern business organizations. The course content focuses on accounting for mergers and acquisitions using the equity and fair value methods, preparing consolidating work papers and consolidated financial statements, foreign currency transactions, partnership accounting, and state and local government accounting. Excel worksheet projects will be completed.
Prerequisite: ACC 342 or consent of instructor

ACC 472 Accounting Internship, 1-6 credits

These credits provide on-the-job accounting experience for accounting majors with either a public accounting firm, government agency, or private industry. Internships are offered on a competitive basis following student interviews with prospective companies. Accounting internships are reserved for accounting majors in their senior year who have completed all major course work.

BUS 205 Macroeconomics, 3 credits

An introduction to the science of economics, with particular attention to scarcity, market mechanisms of supply and demand, unemployment, inflation, money, banking, Federal Reserve, government, and the application of fiscal and monetary policy to solve current economic problems.

BUS 206 Microeconomics, 3 credits

Topics covered include supply and demand, elasticity, consumer behavior, costs of production, and the market structures of competition, monopoly, monopolistic competition, and oligopoly.

BUS 208 Principles of Management, 3 credits

The basic principles of management are studied with an emphasis on planning, organizing, leading, and controlling. The nature of the managerial process within the formal and informal structure are also studied.

BUS 269 Principles of Marketing, 3 credits

A general overview of the basic marketing philosophies, principles and practices relevant to small and large profit and nonprofit organizations, buyers and sellers, and special emphasis on the marketing mix: product, price, promotion, and distribution.

BUS 300 Quantitative Methods I, 3 credits

A study of the use of quantitative methods with emphasis on data collection and organization, data presentation, measures of central tendency and dispersion, probability, probability distributions, estimation, and hypothesis testing. Computer applications are utilized.
Prerequisite: MTH 115

BUS 352 Business Law, 3 credits

Through law, society establishes values and goals. The purpose of American business law is to bring reason, fairness, and stability to the marketplace. This course enables students to anticipate the legal consequences of business decisions and behaviors.

BUS 363 Management of Human Capital, 3 credits

This course consists of analyses of theories that address human behavior in work settings and formal processes involved in the management of employees. Special emphasis is placed on the application of theories with respect to interpersonal work interactions and human resource key functions.
Prerequisite: BUS 208

BUS 371 Business Financial Management, 3 credits

A study of the financial problems associated with the life cycle of a business. Includes estimating the financial needs of an enterprise, breakeven point, operating leverage, capital structure, stocks and bonds, and working capital management.
Prerequisite: ACC 101

BUS 415 International Business, 3 credits

The intent of this course is to provide a blend of solid research-based information coupled with real world, current, interesting application examples that help explain international business topics. An active learning approach is used in relating text material with real world international situations. The topics include the perspective and environment of international business, the human resource management functions, as well as the strategies and functions of international operations.
Prerequisites: BUS 208

BUS 491 Seminar in Business Policies, 3 credits

The case-method technique is used to study managerial problems and the decision-making process. Areas covered include strategic planning, setting goals and objectives, marketing, managing, production, public relations, human resources, human relations, and financial management. Computer simulations are used to involve students in decision making in the various areas of the business firm. Graduating seniors and qualified juniors only.
Prerequisites: ACC 101, BUS 207 or BUS 205, BUS 208, BUS 269, BUS 352, BUS 371, BUS 306

MTH 115 Basic Statistics, 3 credits

An introduction to the use of statistical methods with emphasis on practical applications. Descriptive statistics, introduction to probability, estimation of parameters, introduction to hypothesis testing, correlation, and linear regression.

MIS 110 Introduction to Information Systems, 3 credits

An interdisciplinary study that views information as an economic resource. The course focuses on computer-based information systems that support the operations, management, and decision functions of an organization and explores the basic technical, behavioral, economic, and organizational concepts relevant to information, decision making, and systems. Topics include the methodology and practice of developing a computerized information system; the organization, management and control of the information system; and the social impact of information technologies.




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