Certificate in Accounting and CPA Track Program

The certificate program in Accounting provides students with thorough knowledge of accounting theory and practice. It is designed for those who hope to earn a degree but wish to acquire these marketable skills first, those who do not intend to work toward a degree but wish to improve their employment opportunities, and those who have already earned a college degree but need new competence for advancement or a career change. The credits earned may be applied toward accounting degree program requirements in the Center.

JOB OUTLOOK IN ACCOUNTING
Employment of accountants and auditors is expected to grow by 22 percent between 2008 and 2018, which is much faster than the average for all occupations. This occupation will have a very large number of new jobs arise, about 279,400 over the projections decade. An increase in the number of businesses, changing financial laws and corporate governance regulations, and increased accountability for protecting an organization’s stakeholders will drive job growth.

Job Prospects
Job opportunities should be favorable. Accountants and auditors who have earned professional recognition through certification or other designation, especially a CPA, should have the best job prospects. 

Certification and Advancement
Professional recognition through certification or other designation provides a distinct advantage in the job market. Certification can attest to professional competence in a specialized field of accounting and auditing. Accountants and auditors can seek credentials from a wide variety of professional societies.                                
– info provided by Bureau of Labor Statistics
 

CERTIFICATE IN ACCOUNTING / PROGRAM OF STUDY

Required Courses
ACC125E Introduction to Accounting I

This course provides acquaintance with the entire cycle of recording procedures through the corporate balance sheet approach, adjustments, final statements, and closing books. It includes the study of controlling accounts and voucher systems.
ACC126E Introduction to Accounting II
This course includes the study of partnerships and corporation accounting, manufacturing accounts, cost controls, classification of accounts, handling of cash, funds and reserves, consignments, and analysis of statements. Prerequisite: ACC125E
ACC200E Intermediate Accounting I
This course is the first half of a two-semester study of financial accounting and reporting problems. Topics include generally accepted accounting principles and their application to financial statement presentation, cash, receivables, inventories, present value concepts and productive resources. Emphasis is on the theory and practice of providing useful information to external financial statement users. Prerequisite: ACC126E
ACC201E Intermediate Accounting II
This course is the second half of a two-semester study of financial accounting and reporting problems. Topics include current and long-term liabilities, investments, stockholders’ equity, accounting for income taxes, pensions, leases, earnings per share and cash flow. Emphasis is on the theory and practice of providing useful information to external financial statement users. Prerequisite: ACC200E
ACC310E Taxes
This course focuses on federal income tax law as it applies to individuals. The course is geared toward a practical approach to tax law, with an introduction to tax planning and research. Prerequisite: ACC201E or permission of instructor.
ACC210E Cost Accounting
Deals with the processing, reporting, and use of accounting data for managerial decision making. This course focuses on the use of cost accounting as a highly developed quantitative device for the selection and achievement of objectives. Emphasis is on cost-volume-profit relationships, job order costing, process costing, standard costs, budgeting, and performance evaluation. Prerequisite: ACC126E
ACC320E Advanced Accounting
This course concentrates on advanced applications of financial accounting concepts not considered in depth in previous courses. Topics covered may include: partnership organization, operation, and liquidation; business combinations; special financial reporting issues, interim reports, business segments; Securities and Exchange Commission requirements; and financial reporting by multinational companies. Prerequisite: ACC201E

One Elective  (from the following courses)
ACC211E Accounting Information Systems

The overall objective of the course is to develop a framework for the analysis and design of accounting information systems. Based on this framework, the objective is then to show the student how to analyze, design, and implement accounting information systems that satisfy the transaction processing, reporting, and decision-making requirements of management. Prerequisite: ACC126E; CSC113E recommended.
ACC420E Auditing
An introduction to auditing theory. The course includes professional ethics, legal liability, internal control and working papers, auditing practices and procedures, standards, and the composition of the auditing report. Prerequisite: ACC201E
ACC311E Corporate and Partnership Taxes
The course objective is to impart a working knowledge of federal taxation with particular emphasis on corporations, partnerships, fiduciary taxes and transfer taxes. The course is geared to the practical application of the tax law and the resources available for problem solving. Prerequisite: ACC310E
ACC331E Fraud Examination
This course examines the subject of fraud from both management and accounting perspectives. Utilizing a variety of techniques including text, lecture, case studies, and occasional training videos, the course seeks to familiarize students with the conditions which facilitate fraud, the profile of the fraud perpetrator, common types of fraud, and methods of prevention, detection, and resolution. Historical cases of fraud are examined. Prerequisites: ACC126E; MGT100E

CERTIFICATE IN ACCOUNTING—CPA TRACK / PROGRAM OF STUDY

The certificate program in Accounting with a CPA Track is designed to prepare holder’s of a bachelor degree in
business to obtain the knowledge necessary to prepare to take the CPA exam. Students complete at least ten courses/30 credits beyond the bachelor degree, thereby meeting the 150-hour requirement in Massachusetts
(252 CMR), and cover recommended courses to prepare for the exam.

Students whose intent is to take the CPA exam should request the state eligibility requirements from
Massachusetts Society of Certified Public Accountants web site,MSCPAonline.org.

The program consists of ten required courses, at least seven of which must be taken at Assumption College.
Elective courses may be substituted for required courses already completed as part of a bachelor degree.

Required Courses  
ACC125E Introduction to Accounting I

This course provides acquaintance with the entire cycle of recording procedures through the corporate balance sheet approach, adjustments, final statements, and closing books. It includes the study of controlling accounts and voucher systems.
ACC126E Introduction to Accounting II
This course includes the study of partnerships and corporation accounting, manufacturing accounts, cost controls, classification of accounts, handling of cash, funds and reserves, consignments, and analysis of statements. Prerequisite: ACC125E
ACC200E Intermediate Accounting I
This course is the first half of a two-semester study of financial accounting and reporting problems. Topics include generally accepted accounting principles and their application to financial statement presentation, cash, receivables, inventories, present value concepts and productive resources. Emphasis is on the theory and practice of providing useful information to external financial statement users. Prerequisite: ACC126E
ACC201E Intermediate Accounting II
This course is the second half of a two-semester study of financial accounting and reporting problems. Topics include current and long-term liabilities, investments, stockholders’ equity, accounting for income taxes, pensions, leases, earnings per share and cash flow. Emphasis is on the theory and practice of providing useful information to external financial statement users. Prerequisite: ACC200E
ACC310E Taxes
This course focuses on federal income tax law as it applies to individuals. The course is geared toward a practical approach to tax law, with an introduction to tax planning and research. Prerequisite: ACC201E or permission of instructor.
ACC210E Cost Accounting
Deals with the processing, reporting, and use of accounting data for managerial decision making. This course focuses on the use of cost accounting as a highly developed quantitative device for the selection and achievement of objectives. Emphasis is on cost-volume-profit relationships, job order costing, process costing, standard costs, budgeting, and performance evaluation. Prerequisite: ACC126E
ACC320E Advanced Accounting
This course concentrates on advanced applications of financial accounting concepts not considered in depth in previous courses. Topics covered may include: partnership organization, operation, and liquidation; business combinations; special financial reporting issues, interim reports, business segments; Securities and Exchange Commission requirements; and financial reporting by multinational companies. Prerequisite: ACC201E
ACC211E Accounting Information Systems
The overall objective of the course is to develop a framework for the analysis and design of accounting information systems. Based on this framework, the objective is then to show the student how to analyze, design, and implement accounting information systems that satisfy the transaction processing, reporting, and decision-making requirements of management. Prerequisite: ACC126E; CSC113E recommended.
ACC420E Auditing
An introduction to auditing theory. The course includes professional ethics, legal liability, internal control and working papers, auditing practices and procedures, standards, and the composition of the auditing report. Prerequisite: ACC201E
Elective Options
ACC311E Corporate and Partnership Taxes
The course objective is to impart a working knowledge of federal taxation with particular emphasis on corporations, partnerships, fiduciary taxes and transfer taxes. The course is geared to the practical application of the tax law and the resources available for problem solving. Prerequisite: ACC310E
ECO115E Statistics
The purpose of this course is to develop an understanding on an introductory level of how statistical inferences are made in the face of uncertainty. The underlying role of probability is stressed. A secondary purpose is the application of various test designs to formulated research questions. These designs include: tests, analysis of variance, chi square analysis, and linear regression. Prerequisite: MAT114E
MGT215E Business Law
An introduction to the basic concepts and principles of business law. Contracts, sales, agency negotiable instruments, and the Uniform Commercial Code are studied in this course. Consideration is also given to emerging concepts of consumer-oriented legislation.
ECO325E Corporate Finance
Following a survey of all major financial markets and institutions, the principles and techniques utilized in the solution of problems encountered in the financial management of business during organization, expansion, and failure are examined. Particular attention is given to the problems of the corporation. Prerequisites: ACC125E, ACC126E, ECO110E, ECO111E, ECO115E
MGT210E Quantitative Methods
Focuses on problems and issues of management and administration relevant to the process of problem-finding, problem-solving, decision-making, and coping with environmental uncertainties. The course also draws on the concepts of mathematics through calculus, statistics, probability, and economics. It covers introduction to deterministic models and linear programming, optimization algorithms, variations of the simplex method, and network models. The course involves examination of computer solutions to appropriate problems in business, economics, and management. Prerequisite: ECO115E
PHI320E Professional Ethics
A review of the main theories of ethics and justice, with a focus on the application of these theories to business. The course examines case studies and legal decisions involving issues of the rights and responsibilities of business with regard to the employee, the consumer, and government. Topics include business in modern society, societal responsibility and the environment. Prerequisite: PHI100E
For information about our graduation rates, the median debt of students who have completed the Accounting program, and other important information, visit here. For the Accounting/CPA Track program, visit here.


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