"When you graduate LHU's business and accounting programs, you earn More than a degree"," explains Samuel Frances-Barrot, '11, Senior Auditor for Deloitte and Touche, LLP.
The Accounting Program serves as excellent preparation to become a licensed certified public accountant. Study for a variety of accounting-related certifications also is enhanced by completion of the major. In addition, the program serves as excellent background for students who plan to complete an MBA or a master's in accounting.
Indiana State's accounting program is distinctive in its emphasis on providing students with classroom learning, practical experience, and extracurricular activities that result in exciting and challenging study. The program includes small classes taught by qualified professors who have both academic credentials and practical business experience.
Emphasis also is placed on assisting students in finding internship opportunities to earn academic credit and paid on-the-job experience. Many students, especially those completing the additional hours needed to take the Certified Public Accountant Examination, find these internships offer them the chance to earn six hours toward this requirement and frequently lead to full-time job offers. The program also works closely with accounting professionals to offer students networking opportunities and career contacts.
A chapter of Beta Alpha Psi, the national professional fraternity for financial information professionals, is very active on campus and in the local community. The organization offers students participation in activities, conferences, and workshops that promote self-development and association among members and practicing professionals (local, regional, and national), and encourages ethical, social, and public responsibility. As a Beta Alpha Psi member, students have the opportunity to attend Midwest and national conferences. To enhance classroom learning, the honorary fraternity frequently brings guest speakers in the areas of accounting, finance, and business information to campus.
Accounting careers are available in all sectors of society from business and industry to government or nonprofit organizations. The program also offers opportunities for continuing study that leads to certifications in accounting, finance, and management; to licensure as a CPA; or to graduate study in business administration and accounting.
Whoever said accounting is "boring" doesn't know the field -- or the critical importance of fiscal accountability in business. Today, accounting is one of the most exciting and dynamic career fields, thanks to global opportunities, ever-changing regulatory requirements and complex business acquisitions. Both private industry and the government need well-prepared accounting professionals. Let Franklin University's transfer-friendly Accounting bachelor's degree program help you become someone who speaks the language of business.
In addition to building your accounting credentials and capabilities, your accounting studies at Franklin give you a jumpstart on pursuing a professional certification, saving you both time and money. Our technical and application-focused accounting courses prepare you foundationally for professional accounting certification exams, such as Certified Public Accountant (CPA), Certified Management Accountant (CMA), and Certified Internal Auditor (CIA).
An introduction to accounting emphasizing how general purpose financial statements communicate information about the business corporation's performance and position for users external to management. Approximately one third of the course emphasizes how the accountant processes and presents the information and includes exposure to recording transactions, adjusting balances and preparing financial statements for service and merchandise firms according to established rules and procedures. The balance of the course examines major elements of the statements such as cash, receivables, inventory, long-lived assets, depreciation, payroll, bonds, and other liabilities and stocks. Concepts of this course are applied to Managerial Accounting (ACCT 225). Students are advised to avoid any time lapse between these courses.
The study of management accounting for internal reporting and decision-making. The course introduces a business-management approach to the development and use of accounting information. Major topics include cost behavior, cost analysis, profit planning and control measures. Accounting for decentralized operations, capital budgeting decisions, and ethical challenges in managerial accounting are also covered.
The first of two in-depth financial accounting courses. Theory, the conceptual framework, development of generally accepted accounting principles, and applications are stressed. Topics include the income statement, the statement of cash flows and the balance sheet, specifically asset accounts.
The second of two in-depth financial accounting courses. Theory, concepts and applications are stressed. Topics include time value of money, current and non-current liabilities, leases, deferred taxes, retirement benefits, stockholders, equity, earning per share, accounting changes and errors, and statement of cash flows.
This course is an in-depth study of cost accounting focusing on its role in internal reporting and the resulting decision-making processes. Students will evaluate the foundation, ethics and basic costing systems employed in the management accounting profession; analyze budgeting, cost behavior, pricing and profitability concepts and principles; determine how cost allocations, product quality, and investment decisions are applied by management accountants; determine how current trends in various industries impact cost accounting; and demonstrate knowledge that is in accordance with the educational requirements for the Certified Management Accountant (CMA) exam.
This course creates a framework for accounting information systems by combining knowledge about business as it relates to information systems, information technology, and accounting. Students will examine the REA enterprise ontology as it relates to databases which can be used to store and retrieve information for decision-making within an organization. Students learn that in the competitive organizations of today, and tomorrow, accountants cannot simply prepare and report information; they must take a more active role in understanding and creating systems and processes that impact the organization's bottom line.
This course is designed to build upon previous research assignments in all upper level accounting courses and provide a capstone experience for accounting majors by challenging them to identify accounting issues, locate and research appropriate accounting concepts, standards, statements, pronouncements or tax authorities, and then provide a thorough analysis for determination of an appropriate conclusion for the decision-making process. Communication of such research and analysis will require students to prepare organized/structured written papers utilizing appropriate APA format and then present such findings to various audiences. Areas of research will include but will not be limited to SFACs, FASs, SASs, the Internal Revenue Code, and Treasury regulations.
This course is designed to provide a framework for understanding the special accounting and reporting requirements of nonprofit organizations. The emphasis is on reporting concepts and budgeting principles for governmental and nonprofit economic entities.
This course explores ethics and professional responsibility in the accounting profession. Students will discuss the evolutionary role of ethics as it pertains to the accounting profession. The course will also have students investigate and analyze case studies regarding ethical situations and issues confronted by the accounting profession. The course will also provide an introduction to professional responsibilities required of those in the CPA profession as prescribed by the state boards of accountancy. Note, this course has proctored exam(s).
This course provides students with a real world work experience opportunity that allows students to interact with taxpayers in completing and filing their income tax returns through the VITA (voluntary income tax assistance) program administered by the Internal Revenue Service (IRS). This supervised work experience in tax return preparation mirrors the tax practice in small accounting firms. In addition, it provides an opportunity for students to demonstrate a commitment to providing community service. Students undertake an intensive course delivered in a series of modules preparing participants to complete tax forms for individuals. Students must successfully pass the IRS VITA volunteer tax preparer exam. Students then are responsible for maintaining the professional requirements of the established tax practice. Tax returns are computerized and electronically filed. Professional skills are emphasized.
/*-->*/The bachelor of science in Accounting degree program is a four-year undergraduate degree program. With Franklin University's B.S. Accounting, you'll acquire a solid background in financial reporting and analysis, managerial accounting and cost management, tax accounting, auditing and accounting ethics, as well as financial management.
/*-->*/With a B.S. Accounting from Franklin, you'll be prepared for a variety of accounting-related careers, including tax accountant, auditor and budget analyst. And, if you choose to, you'll also have the educational background to begin preparing for professional certification, such as certified public accountant (CPA), certified management accountant (CMA) or certified internal auditor (CIA).
/*-->*/When you graduate from Franklin's B.S. Accounting degree program, you'll be qualified for a variety of job titles, such as accountant, manager, credit analyst, tax preparer and consultant. In public accounting firms, our graduates have been known to fill positions in accounting, auditing and financial reporting. In government agencies, Franklin graduates have found employment with the Internal Revenue Service, as government accountants, and as local or state finance officials.
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