Accounting

B.S. in Accounting


The 120-credit B.S. in Accounting prepares students for acceptance into various master’s programs and for employment in either the public, private, government or not-for-profit sectors in addition to entry-level positions in business, financial and accounting firms. Students learn essential skills in financial and managerial accounting, taxation and auditing. The curriculum provides a systems approach to prepare students to be technically competent, alert to ethical issues and able to adapt to changes in technology, regulation and globalization.

Student clubs for accounting majors include the Accounting Society, which regularly sponsors professional events and host lectures by guest speakers in the accounting profession. The National Association of Black Accountants offers students the opportunity to participate in mentorship and apprenticeship programs, providing them with the hands-on experience that is so critical to future employers.


Program Curriculum

 
Course # Course Name Credits
Required B.S. Accounting Courses
(60 Credits)
ACC 111 Principles of Accounting l 3
ACC 112 Principles of Accounting ll 3
ACC 221 Intermediate Accounting l
3
ACC 222
Intermediate Accounting ll
3
ACC 329 Accounting Information Systems 3
ACC 331  Management Accounting 3
ACC 338 Advanced Accounting 3
ACC 442 Auditing 3
ACC 445 Federal Income Tax 3
ACC 454 Contemporary Topics in Accounting 3
BUS 228 Business Statistics l 3
BUS 229 Business Statistics ll 3
FIN 201 Financial Markets and Institutions     3
FIN 202 Introduction to Corporate Finance
FIN 315 Financial Statement Analysis
LAW 211 Introduction to Law and Legal Reasoning  
LAW 212 The Legal Environment of Business
MAN 201 Principles of Management 
MAN 231 Managerial Communications 3
MKT 201 The Fundamentals of Marketing 3

 Required B.S. in Accounting Elective Course(s) 
(3 Credits)
Choose one course.

 CS 9B  Spreadsheets 1
 CS 9E  Advanced Word Processing 1
 CS 9K  Advanced Spreadsheets 1
   OR  
CS 101  Fundamentals of Computer Science and Information Sciences   3
 Orientation
(1 Credit)
 FYS 01  First-Year Seminar 1


Course # Course Name Credits
Required Core Courses
(34-35 Credits)
English Composition
ENG 16/ ENG 16C English Composition 3
English Literature
            Select one (1) course from the following:
ENG 61 European Literatures I 3
ENG 62 European Literatures II 3
ENG 63 American Literatures 3
ENG 64 Global Literatures 3
History
Select one (1) course from the following:
HIS 1 Perspectives in Pre-modern World History 3
HIS 2 Perspectives in Modern World History 3
Philosophy
PHI 60 Philosophical Explorations 3
Speech
SPE 3 Oral Communication 3
Mathematics
                      Select one (1) course from the following, unless major requirements list specific Math courses:
MTH 15 Math Tools and Their Use 4
MTH 16 Finite Mathematics 3
Science Lab-Based Course
        Select one (1) course from the following:
BIO Biology 4
CHM Chemistry 4
PHY Physics 4
                           Foreign Language                                   
Select one (1) course from the following:
SPA 11 Introductory Spanish I 3
SPA 12 Introductory Spanish II 3
ITL 11 Introductory Italian I 3
ITL 12 Introductory Italian II 3
FRE 11 Introductory French I 3
FRE 12 Introductory French II 3
Visual and Performing Arts
             Select one (1) course from the following:
ART 61 Introduction to Visual Art 3
DNC 61 Dance Through Time 3
JOU 61 Journalism, Social Media, and You 3
MA 61 Media Arts and Technology 3
MUS 61 Music and Culture 3
THE 61 The Theatrical Vision 3
Social Sciences I
      Select any introductory course from the following:
Anthropology, Economics, History, Political Science, Psychology, Sociology 3
Social Sciences II
Select any introductory course from the following:
Anthropology, Economics, History, Political Science, Psychology, Sociology 3
Required General Elective Credits*
(21-22  Credits from any courses)

Credit Requirements*
Total Major Requirement Credits 60
Total Elective Major Credits 3
Total Orientation Credits 1
Total General Elective Credits* 21-22
Total Core Requirement Credits 34-35
Total Degree Credits 120

* Please note Minimum Advanced Credit Requirement: 48 Credits

Courses


ACC 111 Principles of Accounting I
An introduction to the fundamental principles and theory of accounting applied to business organizations. Topics covered during the semester include the balance sheet, income statement, and the principles required to understand financial accounting information. Consideration is given to the recording process, income determination, and the effect of accounting concepts on financial statements.  Pre-requisite: BUS 101; Co-requisite: BUS 110
Credits: 3
Every Fall


ACC 112 Principles of Accounting II

Building on Accounting 111, this course covers additional topics in financial statement development and the effect of cost relationships on management planning and supervising. Case analysis is utilized to provide a solid foundation in the principles of accounting. The pre-requisite of ACC 111 is required.

Credits: 3

Every Spring


ACC 221  

An in-depth study of concepts of financial accounting and income determination; analysis of current accounting theory. The pre-requisites of ACC 111 and 112 are required.

Credits: 3

Every Fall


ACC 222 Intermediate Accounting II

The course is a continuation of Accounting 221 and includes topics such as stockholder equity, retained earnings, earnings per share, stock options, revenue recognition, accounting changes and error analysis, statement of cash flows and full disclosure in financial reporting. The pre-requisite of ACC 221 is required.

Credits: 3

Every Spring


ACC 329 Accounting Information Systems

A study of the principles of computerized accounting, databases, and the way information flows through accounting systems. This course develops an understanding of accounting information, information technology, operational support and internal control. The pre-requisites of ACC 111 and 112 are required.

Credits: 3

Every Spring


ACC 331 Management Accounting

A study of the principles of cost accounting in relation to managerial usage. Job order cost systems are developed, and direct costing, relevant costing, profit planning and budgeting are considered. Students will learn to relate these topics to real world businesses. The pre-requisite of ACC 222 is required or permission from the Chairperson of the Department.

Credits: 3

Every Spring


ACC 338 Advanced Accounting

A study of consolidated financial statements, international accounting, partnerships, governmental accounting, bankruptcy, and other advanced topics. The pre-requisite of ACC 222 is required.

Credits: 3

Every Fall


ACC 442 Auditing

This course provides an introduction to auditing, including basic concepts, techniques, and audit applications. The course covers a review of standards and procedures currently used by independent public accountants in examining financial statements and their applications in report preparation. The ethical concepts and requirements of the profession are reviewed together with an overview of the legal responsibilities of audit professionals. The pre-requisite of ACC 222 is required.

Credits: 3

Every Spring


ACC 445 Federal Income Tax

This course is an introduction to basic federal tax. The application of federal requirements to individual tax returns is considered. The study of tax law will cover topics concerning income recognition, exclusions, property transactions, including capital gains and losses, and tax computations. The pre-requisite of ACC 222 is required.

Credits: 3

Every Fall


ACC 454 Contemporary Topics in Accntng

A study of ethics, regulation, emerging issues and other topics relevant to contemporary accounting.  The pre requisite of ACC 112 is required.

Credits: 3

Every Spring


ART 61 Introduction to Visual Art

In our increasingly visual culture, it is important to look critically at the imagery that surrounds us. It is equally important to experience and understand art from many cultures and time periods so we may appreciate the wide variety of artworks created by people around the world, from past to present. Students will learn to analyze both form and content in art and communicate their understanding to others. Students will see and discuss a broad selection of art at museums, galleries, online, and in the classroom. The class will also engage in hands-on studio projects and explore a range of materials and personal artistic expression.

Credits: 3

All Sessions


BUS 228 Business Statistics I

A study of the foundations in statistical methods as they apply to the analysis of business conditions and projections. Topics covered include: graphic and tabular representations, measure of central tendency and dispersion, probability, binomial and normal distributions, sampling distributions and hypothesis testing, simple regression and correlation analysis, and index numbers. The pre-requisite of MTH 16 or MTH 30 or MTH 40 is required.

Credits: 3

Every Fall


BUS 229 Business Statistics II

This course prepares students to apply statistics and probability concepts to business decisions. Students learn important criterion for developing effective research questions, including the creation of appropriate sampling populations and instruments. Other topics include descriptive statistics, probability concepts, confidence intervals, sampling designs, data collection, and data analysis including parametric and nonparametric tests of hypothesis and regression analysis. The pre-requisite of BUS 228 is required.

Credits: 3

Every Spring


CS 9B Spreadsheets

All the basic functions of spreadsheets, such as planning and designing a worksheet, building a worksheet with formulas, enhancing a worksheet, enhancing and managing workbooks, and creating a chart, are explained. The prequisite of CS 9 is required of all majors except students in the School of Business.

Credits: 1

On Demand


CS 9E Advanced Word Processing

This course was developed primarily as a hands-on learning experience. The student will learn how to apply software skills to meet real-world situations. The student will focus on how to apply what was learned to perform computer-related tasks that will be needed in the office, school and every-day-life including document formatting for resumes, table design for questionnaires, mail merge for letters, document production for proposals, and form design for applications. The prequisite of CS 9 is required of all majors except students in the School of Business.

Credits: 1

On Demand


CS 9K Advanced Spreadsheets

This course was developed primarily as a hands-on learning experience. The student will learn how to apply software skills to meet real-world situations. Calculation of loan amortizations (worksheet building), developing payroll records (worksheet linking), charting, and investment analysis (financial and data analysis) are done as independent  topics.

The prerequisite of CS 9 is required of all majors except students in the School of Business.

Credits: 1

On Demand


CS 101 Fundamentals of Computer Science and Information Sciences
Course topics include computer organization, information processing, algorithms, and programming. Operating Systems, Databases, and Computer Networks,  along with current views on the theory and practice of Software Engineering, and the basics of Artificial Intelligence are also explored.  Three lecture hours, one hour lab.. Three lecture hours, one hour lab.
Credits: 3

Every Fall and Spring


DNC 61 Dance Through Time
A look at dance in its time and place, with an eye to simultaneous development of corresponding art forms, lifestyles and government involvement in the arts. A survey is offered of the many forms that dance encompasses through an understanding of style, content, and time and place of origin, most lectures will be accompanied by videos, studio work or any of the previous combination. Satisfies the core art 61 requirement.
Credits: 3
Every Fall and Spring



ENG 16 English Composition

English 16 seeks to initiate a dialogue among students that leads them to write with more than their own "personal" position in mind: the readings and classroom discussions give the sense that they are entering an ongoing conversation of consequence. To this end, students in English 16 are required to integrate the thoughts and words of other writers into their own essays. Both in relation to their own experience and to a text or set of texts, student writers in English 16 learn how to articulate and develop a sophisticated argument within a specific rhetorical situation. Three classroom hours per week. Part of Core requirement. One of the following prerequisites is required:  ENG 14; 

Placement Exam

  • 610 or higher on Evidence Based Reading & Writing SAT

  • 30 or higher on Reading SAT

  • 25 or high on ACT Assessment; 31 or high on Writing & Language SAT

Credits: 3

Every Semester


ENG 16X English Composition for Nonnative Speakers
English 16X is a course parallel to English 16 for nonnative speakers who needs additional work in English as a Second Language. Three hours per week. Letter grades and U. This course has an additional fee. The pre-requisite of ENG 14X or the placement exam is required.
Credits: 3
On Occasion


ENG 61 European Literatures I

An examination of significant works of literature from Ancient Greece and Rome and Medieval and Renaissance Italy, France, Germany and England. Intensive readings from epics, sacred books, poems, plays and tales -- arranged chronologically or thematically. All texts read in English. Pre-requisite of ENG 16 is required.

Credits: 3

Every Semester


ENG 62 European Literatures II

An examination of significant works of European literature, from the 18th Century to the present.  Intensive readings from a wide representation of texts - novels, poems, plays and essays – arranged chronologically or thematically. All texts read in English. Pre-requisite of ENG 16 is required.

Credits: 3

Every Semester


ENG 63 American Literatures

A survey of the literatures and traditions of the United States from Colonial times to the present, with attention paid to the larger context of literary traditions across all the Americas - North America, the Caribbean, Latin America. Arranged chronologically or thematically. All texts read in English. Pre-requisite of ENG 16 is required.

Credits: 3

Every Semester


ENG 64 Global Literatures

Drawing primarily from the literatures of Africa and Asia, each section focuses on at least two geographical areas, such as Western Africa, China, India, Japan, Southeast Asia or the Pacific Islands. Broad sweeps of time may be covered or specific periods of high cultural achievements such as the Tang Dynasty, Medieval Japan or West Africa before the European invasion may be highlighted. Topics for individual sections will appear in the Schedule of Classes. All texts read in English. Pre-requisite of ENG 16 is required.

Credits: 3

Every Semester


FIN 201 Financial Markets and Institute

This course is designed to familiarize students with the U.S. financial system - its financial institutions, financial markets, and financial instruments and its relationship to the aggregate economy with which the manager must interact when making financial or investment decisions on behalf of companies, nonprofit institutions, government agencies or individuals. Requisites ACC 111, MTH 16 or MTH 30 OR BUS 101, BUS 110, MTH 16, or MTH 30.ACC 111, MTH 16 or MTH 30 OR BUS 101, BUS 110, MTH 16, or MTH 30.

Credits: 3

Every Fall and Spring


FIN 202 Introduction to Corporate Finance

This course is designed to familiarize students with the theory of value and financial decision making in the firm relating to financial analysis and planning, working capital management, investing in fixed assets, and the long-term financing of assets - concepts that apply to any type of company or nonprofit institution. The pre-requisite of FIN 201 is required.

Credits: 3

Every Spring


FIN 315 Analysis of Financial Statements

Balance sheets and income reports are analyzed individually and comparatively for their value to owners, managers, investors and creditors. Determination of standard ratios and variations in earnings. Each student prepares an analysis of actual reports issued to the public. The pre-requisite of ACC 110 or 111 is required; and the pre-requisite of FIN 202 is also required.

Credits: 3

Every Fall


FRE 11 Introductory French I

Introductory speaking, reading and understanding French with emphasis on contemporary culture.

Credits: 3

Every Fall and Spring


FRE 12 Introductory French II

Introductory speaking, reading and understanding French with emphasis on contemporary culture. Pre-requisite of FRE 11 is required.

Credits: 3

Every Fall and Spring


HIS 1 Perspectives in Premodern World History

A thematic approach to topics in World History that examines content from the history of civilization in at least two geographical regions (Africa, the Americas, Asia, the Middle East or Europe) up to the Modern Era (c. 18th century). All courses are aimed at discovering the nature of historical inquiry, including both an examination of historical facts, and also the importance of perspective, context, and causality in the creation of a historical argument. Topics will be chosen by the faculty member.

Credits: 3

All Sessions


HIS 2 Perspectives in Modern World History

A thematic approach to topics in World History that examines content from the history of civilization in at least two geographical regions (Africa, the Americas, Asia, the Middle East or Europe) from 1500 to present. All courses are aimed at discovering the nature of historical inquiry, including both an examination of historical facts, and the importance of perspective, context, and causality in the creation of a historical argument. Topics will be chosen by the faculty member.

Credits: 3

All Sessions


ITL 11 Introductory Italian I

Introductory speaking, reading and understanding Italian with emphasis on contemporary culture.

Credits: 3

Every Fall


ITL 12 Introductory Italian II

Introductory speaking, reading and understanding Italian with emphasis on contemporary culture. Pre-requisite of ITL 11 is required.

Credits: 3



Every Spring


JOU 61 Journalism, Social Media & You

Examines a wide range of news shared through social media, with attention to the political, economic, democratic, and satirical motives of diverse media creators. Considers the role of new technologies and the proliferation of fake news, propaganda, hoaxes, rumors, and advertising on the Internet. Explores principles and practices of credible journalism, such as objectivity and balance. Students develop news-literacy skills and learn to evaluate and curate their social-media newsfeeds. Satisfies the Arts core requirement.

Credits: 3

Every Fall and Spring


LAW 211 Introduction to Law and Legal Reasoning

An introduction to law and the legal system, the case method of study, and legal reasoning. Topics covered are intentional torts, negligence, contracts, agency, employment law and the Uniform Commercial Code, particularly the law of sales and commercial paper.

Credits: 3

Every Fall


LAW 212 The Legal Environment of Business

Personal and real property law. The study of partnerships, limited liability companies, corporations, bailments and other forms of business organization, including an introduction to securities law. Also covered are insurance, suretyship, bankruptcy, estates and trusts, and an accountant's professional responsibility. Pre-requisite of LAW 211 is required.

Credits: 3

Every Spring


MAN 201 Principles of Management
This course presents the process of managing as a rational and orderly activity leading to optimal results. Salient topics given special emphasis are environmental opportunities and constraints, entrepreneurship, planning and control, formal organization structure, the multidimensionality of organizations, individual and interpersonal behavior, and executive decision making. The pre-requisite of BUS 101 is required.
Credits: 3
Every Spring


MAN 231 Managerial Communications

A vital skill of any aspiring business executive is the ability to write clearly and concisely. In every field of business the emphasis is on communication both within the organization as well as outside it. This course develops the student's ability to read critically, to evaluate information, to present evidence to support conclusions, and to make recommendations in an effective written business style. This is a Writing-Across-the-Curriculum (WAC) Course. Prerequisites: SPE 3 or 3X or HSP 21, HEG 21 and HEG 22

Credits: 3

Every Spring


MKT 201 The Fundamentals of Marketing
A detailed and critical analysis of the nature and purpose of marketing designed to give the student an overall view of the field. This course emphasizes the importance of integration and coordination of marketing activities so that practice and procedure can be geared to understanding effective operations. Consideration is given to such areas as the consumer and the market, product planning and development, distribution structure, pricing, marketing research, advertising and sales promotion, and the marketing of industrial goods and services. A fundamental approach to the area of model construction in marketing is also examined. The pre-requisite of BUS 101.
Credits: 3

Every Spring


MTH 16 Finite Mathematics

Selected topics from matrix algebra, linear programming, consumer mathematics, probability, sets and counting techniques. Students who have taken MAT 15 or 11Y are exempt from MAT 16. One of the following prerequisites is required:

  • DSM 09

  • MW 9

  • Placement Exam

  • 500 or higher on MATH SAT

  • 22 or higher on ACT Assessment

Credits: 3

All Sessions


MUS 61 Music and Culture

An introduction to musical styles that places music in its cultural context: history, painting, literature and ideas. To enhance the capacity to understand and enjoy music of every kind, the course begins with the elements of music that a composer combines in distinctive and characteristic ways to form a musical composition. Satisfies the core arts requirement.

Credits: 3

Every Semester


PHI 60 Philosophical Explorations

PHI 60 is an integrated core course that introduces students to the basic concepts and methods of elementary logic and philosophical inquiry, while emphasizing the critical intellectual skills needed both in philosophical reflection and in coping with the many practical challenges of modern living. Students will learn to avoid common fallacies in informal reasoning and argumentation, to distinguish good from bad reasoning generally, and to engage in general problem solving, productive dialogue, and effective communication. They will engage in responsive and critical writing, while being guided in close reading and discussion of important philosophical texts from ancient times and the modern world. They will also become acquainted with some major traditions of ethical thought and the central problems of contemporary moral philosophy, while sharing, examining, sharpening and refining their own ethical sensibilities and values. The course as a whole will aid them in becoming more informed, methodical, and incisive thinkers, better able to exercise their voices as active citizens in the public sphere.

Credits: 3

Every Semester


PHI 61


PHI 62


SPA 11 Introductory Spanish I

Introductory speaking, reading, writing and understanding Spanish.

Credits: 3

Every Fall, Spring and Summer




SPA 12 Introductory Spanish II

Introductory speaking, reading, writing and understanding Spanish. Pre-requisite: SPA 11, HLS 21 or its equivalent. The pre-requisite of SPA 11 or HLS 21 is required.

Credits: 3

Every Fall, Spring and Summer




SPE 3 Oral Communication

An introduction to communication theory and interpersonal skills. Students develop oral presentation techniques, including public speaking, group discussion and oral readings. Evaluation of individual student speech through analysis of voice and diction is conducted.

Credits: 3

Every Semester




THE 61 The Theatrical Vision

This core course gives students an overall experience and understanding of the art and craft of Theatre and the process of making it happen. Students learn about the history of theatre, the visual and kinaesthetic elements of production and performance, the audience as spectators, how to read and analyze plays and the use of space in creating the theatre experience for both performer and audience.

Credits: 3

Every Semester









CONTACT

School of Business, Public Administration & Information Sciences

Ray Pullaro, Dean

718-488-1130
Ray.Pullaro@liu.edu