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Accountancy and Business LawKevin A. Leeds, Chairperson In addition to the Bachelor’s degree program in Accountancy, the department offers a certificate program for students who have completed an undergraduate major in Accountancy. This program, consisting of a minimum of 21 credits, enables students to fulfill the 150 credit hour educational requirement to sit for the N.J. Certified Public Accountant (CPA) examination. The department offers a program leading to the degree of Master of Science in Accountancy. Minor programs in Accountancy and Business Law are also available. REQUIREMENTS FOR ACCOUNTANCY mAJOR
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| Ac151-152 | Principles of Accounting, I and II | ( 6 crs) |
| Ac331-332 | Intermediate Accounting Theory, I and II | ( 6 crs) |
| Ac341 | Advanced Accounting Theory | ( 3 crs) |
| Ac443 | Cost Accounting | ( 3 crs) |
| Ac444 | Auditing Principles | ( 3 crs) |
| Ac455 | Taxation | ( 3 crs) |
| Bl161 | Introduction to Law and Contracts | ( 3 crs) |
| Bl162 | Agency and Business Organization | ( 3 crs) |
| Ec101 | Macroeconomic Principles | ( 3 crs) |
| Ec102 | Microeconomic Principles | ( 3 crs) |
| Fn410 | Business Finance | ( 3 crs) |
| Fn411 | Financial Management | ( 3 crs) |
| Ba151 | Principles of Management | ( 3 crs) |
| Ba155 | Principles of Marketing | ( 3 crs) |
| Accounting/Business Electives | ( 12 crs) | |
| 60 crs |
Special Notes on Core Curriculum Requirements
- Accountancy majors must take Cs150 Introduction to Computers and Information Processing as part of their natural sciences requirement.
- The Department of Accountancy strongly recommends Ma123-124 Elementary Calculus, I and II, as the core curriculum mathematics requirement for accountancy majors, but will accept Ma105-106 Finite Mathematics, I and II. Neither sequence of math courses may be taken on a Pass/Fail basis. Students desiring to take Ma123-124, but not sufficiently prepared, must take Ma021 College Algebra.
Special Notes on Major Requirements
- Students desiring to major in accountancy must take the entire program prescribed. At the end of freshman year, students will be approved for the concentration in accountancy provided they have demonstrated their ability in Ac151 and Ac152. Students should consult with their professor in Ac152, or with their department mentor, concerning their qualifications for this concentration
- Students must consult with an Accountancy Department mentor before selecting elective courses.
- In order to satisfy some of the requirements needed to sit for the CPA Examination in the State of New Jersey, 12 business elective credits must be completed. Business electives may be selected from courses in accountancy, business law, economics, information science, and business administration. In addition, New York State requires Statistics (3 credits) which must be taken as part of the core electives requirement. Students who expect to sit for the CPA Examination in another state should verify the specific academic requirements of that state.
| Sequence of Courses | |||||||
| Freshman | Sophomore | Junior | Senior | ||||
| Ac151-152 Ba151 Cm 120 or equiv. Cs 150 Ec101-102 Th110-120 Ma123-124 or Ma105-106 |
( 6) ( 3) ( 3) ( 3) ( 6) ( 6) ( 6) |
Ac331-332 Bl161 El134 Hs121-122 Ba155 Mod. Lang. Philosophy |
( 6) |
Ac341 Ac443 Ac444 Bl162 El123 Fn410 Nat. Science Soc. Science Values Electives |
( 3) |
Ac455 Ar127 or 128 Fn411 Natural Science Business Electives |
( 3) |
| Total Credits | (33) | (33) | (30) | (24) | |||
Certificate Program
Students who wish to qualify to sit for the CPA Examination in the State of New Jersey must complete 150 credit hours. The Certificate Program which requires 30 credits, may include undergraduate and graduate courses, the latter not to exceed 12 credits. Students who wish to transfer to the Master of Science in Accountancy program may do so by submitting an application and demonstrating that they have met all the requirements for admission. Undergraduate courses taken toward the certificate will not be applied toward the Master’s degree.
Students must take Cm510 Effective Business Communications, Pl510 Business Ethics, a minimum of two accounting courses, and electives from business law, business administration, information science, or economics.
Requirements for a Minor in Accountancy
To earn a minor in Accountancy, students must earn a minimum of 18 credits in approved departmental courses.
All students must complete:
Ac151-152 Principles of Accounting, I and II
Ac331-332 Intermediate Accounting Theory, I and II
In addition, students must complete two other Accounting or Business Law courses, as approved by their advisor.
Requirements for a Minor in Business Law
To earn a Minor in Business Law, which is offered by the department and open to all majors, students must earn a minimum of 18 credits in approved courses. All students must complete:
Bl161 Introduction to Law and Contracts
Bl162 Agency and Business Organizations
Bl241 Real and Personal Property
Bl251 Uniform Commercial Code
In addition, students must earn an additional six credits, selected from a variety of cognate courses offered in other departments, as approved by the advisor in the Minor program.