The Department of Accounting provides a rigorous course of study in the accounting discipline. The goal of the program is to leverage the liberal arts environment of the college and develop skilled problem-solvers with a solid foundation in accounting. The program provides opportunities for students to develop their: 1) critical thinking skills, 2) communication skills, 3) ability to utilize quantitative and qualitative information for decision-making, 4) ability to make value judgments, and 5) learning to learn skills, while providing the theoretical accounting foundation necessary for success in future endeavors. Those future endeavors may include, but are not limited: to graduate study; sitting for a professional examination (e.g., CPA, CMA, CIA); or employment with a large corporation, CPA firm, or public entity.
The required program of study emphasizes understanding the “big” picture instead of mastering a
myriad of technical detail without understanding the context for those details. Accounting knowledge and measurements are developed in an environment which is continuously evolving in response to political, social, and economic factors. In our courses we explore the historic reasons for current practices, evaluate alternative measurement models, and discuss ethical values affecting the accounting profession.
Required Courses for the Accounting Major (12 course credits):
ACCT 203 Financial Accounting
ACCT 204 Managerial Accounting
ACCT 304 Advanced Managerial Accounting
ACCT 353 Intermediate Accounting I
ACCT 354 Intermediate Accounting II
ACCT 363 Tax Accounting
ACCT 393 Developing and Auditing Financial Reporting Systems
ACCT 403 Contemporary Accounting Issues
BUSI 306 Business Finance
ECON 200 Principles of Economics
One of the following two courses:
BUSI 305 Administration and Organization
BUSI 307 Principles of Marketing
One of the following two courses:
BUSI 322 Legal Environment of Business
BUSI 382 Commercial Law
Required Courses for the Accounting Minor (24 semester hours):
ACCT 203 Financial Accounting
ACCT 204 Managerial Accounting
ACCT 304 Advanced Managerial Accounting
ACCT 353 Intermediate Accounting I
ECON 200 Principles of Economics
One of the following three courses:
ACCT 354 Intermediate Accounting II
ACCT 363 Tax Accounting
ACCT 393 Developing and Auditing Financial Reporting Systems
Certified Public Accounting Exam:
Students who anticipate meeting the 150-semester-hour requirement for sitting for the Certified Public Accounting exam through graduate study should consult with a departmental adviser. Completing your degree in 32 courses means you have earned 128 hours toward this goal, leaving approximately 5.5 courses to fulfill the requirement. This is important as Monmouth College has articulation agreements concerning graduate study with several colleges and universities which have differing requirements. Proper planning will allow the student to meet graduation requirements and articulation requirements within the normal four years of study at the college.