Accountancy

SCHOOL OF PROFESSIONAL ACCOUNTANCY

B.S./M.B.A. in Accountancy


Founded in 1974, LIU Post’s School of Professional Accountancy holds the proud distinction of being the first independent school of professional accountancy in the nation, and offers an accelerated program for qualified students to earn both a Bachelor of Science in Accountancy and an AACSB-International acceredited Master of Business Administration in five years.

Learn from faculty members who are proven pioneers in their field and bring real-world experience into the classroom, and study curriculum that incorporates the latest technology and software applications in the digital accounting and taxation fields.

Network with NYC’s leading firms through our extensive internship program, and meet accounting professionals face-to-face during our campus events. Our graduates are recruited by the “Big Four” global accounting firms as well as international, national, regional, and local accounting firms, corporations, and government agencies.

The Accelerated B.S. in Accountancy/M.B.A. is registered as a 150-hour CPA licensure-qualifying program with the New York State Education Department.

Check out the LIU Post Undergraduate Bulletin and the LIU Post Graduate Bulletin to learn about degree requirements, course descriptions, and more.

Admissions Requirements

  • Incoming freshmen must have a solid B average (3.0 or 82-85 grade point average) and an average SAT of 1000 (Critical Reading and Math combined) or ACT Composite of 20 or above.
  • Transfer students must have completed more than 24 college credits. A minimum college G.P.A. of 2.0 is required for application review. If you have completed fewer than 24 credits, you must also submit high school transcripts and SAT/ACT scores.
SUBMITTING AN APPLICATION FOR ADMISSION

All applicants can apply for admission to LIU Post at My LIU or by using the Apply Now button in the upper right-hand corner of this page. For more information on the application process, visit the Admissions Office home page.

Course Description

ACC 11 Accounting Principles I

This course presents an introduction to fundamental financial accounting principles, concentrating on identifying, recording, and communicating the economic events of a business organization. This course studies the theory and practice of accounting. Topics covered during the semester include the balance sheet, income statement, and principles required to understand financial accounting systems.
Every Semester, 3 credits

ACC 12 Accounting Principles II

This course is the second in the accounting principles sequence. The first part of the course focuses on partnerships and the corporate form of business organization, including financial statement analysis and cash flow statements. Students are then introduced to managerial accounting concepts and how they can be used in fostering internal business decision-making. Information concerning the behavior of costs, profit planning, and budgeting is analyzed to enhance meaningful comprehension of managerial accounting.
Prerequisite of ACC 11 is required
Every Semester, 3 credits

ACC 21 External Reporting II

This course focuses on the preparation and analysis of financial information for users external to the organization. Topics include the accounting cycle; income measurement, cash, receivables, inventories, operational assets, investments, and preparation of financial statements. Pronouncements of the AICPA, FASB, and SEC are an integral part of the course.
Prerequisite of ACC 21 is required
Fall, 3 credits

ACC 22 External Reporting II

This course is a continuation of ACC 21 External Reporting I. This course is an in-depth study of the underlying concepts, measurement, analysis, and interpretation of financial information for external users. Topics include long-term liabilities, investments, stockholder's equity, earnings per share, leases, pensions, cash flow statements, accounting errors and changes, and deferred income taxes. Pronouncements of the AICPA, FASB, and SEC are an integral part of the course.
Prerequisite of ACC 21 is required
Spring, 3 credits

ACC 61 Managerial Cost Analysis

This course provides an in-depth understanding of the theory and concepts underlying conventional cost systems and the rationale for the development and understanding of modern cost management systems including: 1) cost accumulation systems for product costing, cost behavior concepts for planning and control, and activity-based-costing; 2) the use of cost information for strategic decision analysis and support; and 3) financial planning and control systems with a quality management perspective.
Prerequisite of ACC 21 is required
Every Semester, 3 credits

ACC 80 Accounting Information Systems

This course develops an understanding of the roles of accounting information and information technology and their influence on decision making, operational support, and organizational competitiveness. The course will include, but not be limited to, the framework of accounting information systems and decisions that impact on their design and implementation, the role of accounting information systems in transaction processing and internal control, and the functions of the major subsystems. The student will also gain hands-on experience in using and in evaluating accounting information systems, as well as further develop collaborative, oral, and written communication skills.
Prerequisite of ACC 21 is required
Every Semester, 3 credits

ACC 82 Auditing

This course provides an introduction to auditing, including basic concepts, techniques, and audit applications. Course coverage includes the audit risk model, understanding and testing internal controls, substantive testing, fraud, reports on audited financial statements, professional ethics, and an introduction to computer auditing.
Prerequisites of ACC 22 and ACC 80 are required
Every Semester, 3 credits

ACC 84 Tax & Business Strategies

Tax basics of all types of entities will be studied. The course stresses the importance of exposure to a range of tax concepts within the framework of financial reporting. Critical thinking and problem solving skills will be developed utilizing tax planning decision models. Recognition of tax savings and tax hazards will prepare students for many possible work environments.
Co-requisite of ACC 21 is required
Fall, 3 credits

ACC 85 Advanced Taxation

A continuation of ACC 84, this course will review more advanced areas of the Federal tax law as promulgated by the Internal Revenue Code of 1986, as amended, including applicable rulings, case law precedent and treasury regulations. The student will become familiar with rules applicable to the taxation of business entities, including C and S corporations, LLCs, partnerships, and specially taxed corporations. An introduction to N.Y. State taxes will be covered.
Prerequisite of ACC 84 is required
Spring, 3 credits

ACC 90 Applications in Accounting

This course covers accounting for business combinations, international transactions and reporting, governmental and not-for-profit entities, and other key advanced topics. The course links theory and practice with constant emphasis on the logic of procedures.
Prerequisite of ACC 22 is required
Every Semester, 3 credits

Degree Requirements

In addition to the specific requirements for the B.S. in Accountancy, all students must fulfill the Core Curriculum and Competency Requirements of LIU Post and achieve an overall G.P.A. of at least 2.5 in your major.

Accountancy Major:
Typical B.S. in Accounting Accelerated 5-Year B.S./M.B.A.
Business Requirements* 24 credits 18 credits ***
Accounting Requirements** 30 credits 30 credits
Liberal Arts Requirements 69 credits 69 credits
Unspecified Electives 6 credits 6 credits
Sub-Total 129 credits 123 credits
Graduate MBA Courses NA 36 credits***
Total 129 credits 159 credits

* Accelerated B.S./M.B.A. in Accountancy students would replace MIS 20 and QAS 19 with MBA 620 and MBA 624, respectively.
** Includes accounting principles taken by all business majors.
*** This assumes that two 600 level graduate courses (6 credits) will also be taken in the last semester of the senior year.

Accelerated B.S./M.B.A. in Accountancy students will take the following in the M.B.A. program:

Management Perspectives (18 credits, of which 6 credits may be taken as a senior)
MBA 620 Managing Information Technology and e-Commerce
MBA 621 Financial Markets and Institutions
MBA 622 Competitive Marketing Strategy
MBA 623 Organizational Behavior
MBA 624 Operations Management
MBA 625 Global Business: Environment and Operations
Accounting Electives (6 credits):
ACC 750 Advanced Accounting Information Systems
ACC 753 Advanced Assurance Services and Computer Auditing
Other M.B.A. Electives (9 credits):

Students select courses that fit their needs and career goals from the areas of accounting, business law, finance, international business, management, management information systems, marketing, and taxation.

Integrative Capstone (3 credits):
MBA 820 Business Policy

Total credit required to complete this Accelerated Program: 159

For more information please contact the Admission Office at 516-299-2900 or the School of Professional Accountancy at 516-299-2364.

CONTACT

College of Management
Library, Lower Level
Robert Valli
Dean

LIUPostbiz@liu.edu

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