Accounting  
 

 

 

Degrees and Courses

 

Accounting majors may choose between two degree programs. The first is a dual Business and Accounting major that may be completed within the traditional 124 credit hours; graduates earn a Bachelor of Science degree in Business Administration. The second option meets the academic qualifications for Certified Public Accountant (CPA) licensure in Michigan. The program totals 150 credit hours, and graduates earn a Bachelor in Professional Accountancy degree.

 
Bachelor of Science in Business Administration (B.S.B.A.)
Accounting and Business Administration Dual Major ()  
Major Requirements: Sixty-three (63) semester hours. Required courses are ES211 and 212, MS151 (MS252 or MS494 may be substituted); AG210, 211, 303, 304, 305, 315, 336, 337, 405, 405L, 410, 452, 453; and BS201, 202, 305, 331. At least 24 semester hours must be taken at Aquinas College, 12 of which must be taken in accounting courses at the 300 level and above.
 
Bachelor of Professional Accountancy (B.P.A.)
Professional Accountancy Major ()  
Seventy-eight (78) semester hours. Required courses are include ES211 and 212; MS151 (MS252 or MS494 may be substituted); AG210, 211, 303, 304, 305, 315, 336, 337, 397, 405, 405L, 410, 452, 453; and BS 201, 202, 305, 331, 460, 492 and 6 hours of accounting or business electives. At least 24 semester hours must be taken at Aquinas College, 12 of which must be taken in accounting courses at the 300 level and above.
 
Accounting Minor ()  

Twenty-four (24) semester hours. Required courses are AG210, 211, 304, 305, 315, and a minimum of 5 semester hours selected from AG303, 336, 337, 405, 408, 410 and 452. A minimum of 6 semester hours of the minor must be taken at Aquinas College in accounting courses at the 300 level and above.

 

Every course applied to an Accounting major/minor must be completed with a grade of C– or better. Students may take a course twice to obtain
the requisite C–. A number of college electives are offered and recommended depending on the type of certification desired, e.g. Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Management Accountant (CMA).

 
Course Descriptions
AG100 Financial Activities for Non profits (3) BE
An introduction to financial information needed by decision makers for nonprofit organizations. Includes an overview of financial reporting, managerial accounting and finance. Specific topics include financial statements, budgeting, strategies for revenue generation, relevant costs, time value of money and cash management.
 
AG104 Funny Money (3)
An introduction to financial information used in investing decisions. Specific topics include the role of money, basic accounting processes and procedures, financial reporting, ethics in financial reporting, time-value of money, and financial ratio analysis.
 
AG210 Principles of Accounting I (4)
Introduction to financial accounting and its application to the reporting needs of organizations. Topics include basic accounting processes and procedures, financial statement preparation and analysis, internal control, and the recognition and measurement of accounts included in financial reports. Recommended: MS114
 
AG211 Principles of Accounting II (4)
An introduction to managerial accounting concepts and the use of accounting information for planning, control and decision-making. Topics include costing of products and services, cost-volume-profit analysis, budgeting, performance evaluation, and costs relevant to decision-making.
Prerequisite: AG210.
 
AG303 Accounting for Nonprofits (3)
Provides an introduction to accounting rules for state and local governmental units, hospitals, colleges and universities, and other nonprofit organizations. Prerequisite: AG211. Recommended: AG 304
 
AG304 Intermediate Accounting I (4) QR
A continuation of the study of financial accounting theory and practice. Topics include the development of accounting standards, conceptual framework of accounting, financial statement presentation, and the recognition and measurement of assets.
Prerequisite: AG211.
 
AG305 Intermediate Accounting II (4)
A continuation of AG304. Topics include long-term investments, liabilities, stockholders' equity, earnings per share, leases, taxes, and the statement of cash flows. Prerequisite: AG304.
 
AG310 Special Topics in Accounting (3)
Variable topis in accounting. Offered on an occasional basis. Prerequisites: Varies with course offering.
 
AG315 Cost Accounting (3)
Topics include cost definitions, product and service costing, activity-based costing, standard costs, flexible budgeting, planning and controlling costs, and other related topics. Prerequisites: AG211 and Excel proficiency.
 
AG320 Accounting Communication and Professional Development (3) WI
Focuses on the development of research, writing, presentation, and communication skills necessary to be effective in an accounting career. It explores the accounting profession and develops students' abilities to navigate various accounting career paths. Prerequisite: AG211
 
AG/BS336 Tax Law I (3)
Covers the basic concepts of federal income taxation applicable to individual taxpayers, including realization and recognition of income, deductions and credits.
Prerequisite: AG211.
 
AG/BS337 Tax Law II (3)
Continued study of the basic concepts and principles of federal income taxation applicable to partnerships and corporations. Topics covered include partnerships, S corporations, regular corporations, LLCs, LLPs, gift tax and estate tax. Prerequisite: AG/BS336
 
AG397 Field Experience (Variable)
Up to 12 semester hours of accounting internship or cooperative experience. Prerequisite: Approval of the chairperson.
 
AG399 Independent Project (Variable)
An individually negotiated project of a defined nature established by contract between the instructor and student. Contract filed with the Registrar. Prerequisite: Approval of the chairperson.
 
AG405 Auditing (3)
Introduces auditing theory and current procedures and practices. Includes a review of the ethical and professional standards required of the CPA. Other topics include the audit environment, the audit process and the audit report. Prerequisites: AG305 and AG315.
 
AG405L-Auditing Technology (1)
Introduces auditing software widely used by CPA firms, industry and governments. Course should be taken in conjunction with AG405. Prerequisites: AG305 and AG315.
 
AG408 Forensic Accounting (3)
Introduces basic principles of forensic accounting and analysis of financial evidence.
Emphasis on evidence, evaluation of systems, and fraud detection. Topics include ethics, investigation, legal professional privilege, forensic evidence, and elements of fraud-related offenses.
Prerequisite: AG211
 
AG410 Advanced Accounting (4)
A review of complex accounting areas including, but not limited to, business combinations and consolidations, partnership accounting, and international accounting.
Prerequisite: AG305.
 
AG450 CPA Review (Variable)
An organized review of auditing and attestation, financial accounting and reporting, regulation, and business environment and concepts in preparation for the CPA Examination. Some emphasis on developing exam-taking skills.
Prerequisite: AG405 or AG410.
 
AG452 Accounting Systems (3)
Reviews the design, implementation, and monitoring of information systems. Emphasis is placed on internal controls in the system.
Prerequisite: AG304.
 
AG 453 Cases in Accounting (3) SC
Accounting capstone course in which students are evaluated on their ability to identify and analyze organizational problems of a financial nature and recommend solutions. Prerequisite: AG405 and senior status.