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    Loyola Marymount University
   
 
  Nov 24, 2017
 
 
    
Loyola Marymount University Bulletin 2017-2018

Accounting, B.S.A.


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Objectives


The Bachelor of Science in Accounting degree program is designed to prepare ethical leaders for the accounting profession. The accounting curriculum will prepare students for a career in public, corporate, and governmental accounting. Students will learn the basic definitions, concepts, and techniques of accounting, as well as the role accounting plays in society. At least 80 percent of our graduates will be able to start graduate studies or careers in accounting at entry-level professional positions.

Goal


Students are expected to be able to describe, apply, and evaluate accounting concepts and standards at a professional level.

Learning Outcomes


  • Students will be able to prepare and analyze financial statements
  • Students will be able to identify relevant authoritative guidance to apply appropriate professional judgments
  • Students will be able to integrate financial accounting reporting with managerial accounting methods to produce data for use in real-world business decisions
  • Students will be able to explain, apply, and evaluate relevant topics related to federal income tax
  • Students will be able to explain and apply an ethical conceptual framework to address real-world ethical problems.

Major Requirements


Note:


All upper division accounting courses must be taken in residence at LMU. A cumulative GPA of C (2.0) must be achieved in the major requirements (all business, economics, and mathematics courses).

Note:


For purposes of meeting the requirements for the B.S.A. degree and determination of academic probation, an overall cumulative grade point average of at least a C (2.0) must be obtained in the following required Accounting major courses: ACCT 3110 , ACCT 3120 , ACCT 3130 , ACCT 3140 , ACCT 4110 , ACCT 4120 , ACCT 4150 , and ACCT 4160 .

Accounting Model Four-Year Plan


The following curriculum represents the order or sequence in which it is expected that students will take the various courses required for the B.S.A. degree. All 3000- and 4000-level accounting courses must be taken in residence at Loyola Marymount University.

Freshman Year


Fall Semester


Total: 14-16 semester hours

Spring Semester


Total: 13-16 semester hours

Sophomore Year


Total: 14-15 semester hours

Spring Semester


Total: 13-16 semester hours

Junior Year


Total: 17 semester hours

Spring Semester


Total: 17-18 semester hours

Senior Year


Fall Semester


Total: 15-16 semester hours

Spring Semester


Total: 12 semester hours

Academic Plan


Effective January 1, 2014, accounting students in the state of California are required to have 150 credit hours for CPA licensure. The California Board of Accountancy currently allows candidates to sit for the CPA exam upon completion of their undergraduate degree; however, candidates will need an additional 30 credit hours of accounting courses to be eligible for CPA licensure. (LMU’s B.S. in Accounting degree requires 126 credit hours.) Accounting majors are encouraged, but not required, to include 150 semester hours of study in their academic planning process. The 150 semester hours of study is now required to practice public accounting in most states. Their plan might include undertaking minors and/or an additional major/degree or pursuing Master of Science in Accounting at LMU or other acceptable graduate programs. Students are encouraged to discuss with the Accounting Department Chair and/or their academic advisor various possible tracks to earn the 150 semester hours.

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