May 13, 2024  
Loyola Marymount University Bulletin 2022-2023 
    
Loyola Marymount University Bulletin 2022-2023 [ARCHIVED CATALOG]

Accounting, B.S.A.


Return to {$returnto_text} Return to: LMU College of Business Administration

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 accounting, industry, and consulting. Students will learn the basic definitions, concepts, and techniques of accounting, as well as the role accounting plays in society.

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 apply data analytics for use in 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


Upper Division Business Core Requirements:


Upper Division Accounting 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. in Accounting degree and determination of academic probation, an overall cumulative grade point average of at least a C (2.0) must be obtained across seven required courses. These seven courses include ACCT 3110 , ACCT 3120 , ACCT 3140 , ACCT 4120 , the upper division business core requirement, ACCT 4150 , and two Accounting elective courses selected from ACCT 3130 , ACCT 4110 , ACCT 4160 , and FNCE 3415 . In addition, for purposes of meeting the requirements for the B.S.A. degree, a grade of C (2.0) or higher must be achieved in each of the following required accounting major courses: ACCT 3110 , ACCT 3120 , and ACCT 3140  . 

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: 15-17 semester hours

Spring Semester


Total: 16 semester hours

Sophomore Year


Fall Semester


Total: 17-18 semester hours

Spring Semester


Total: 16 semester hours

Junior Year


Total: 16 semester hours

Spring Semester


Total: 12 semester hours

Senior Year


Fall Semester


Total: 12 semester hours

Spring Semester


Total: 16 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, LMU’s B.S. in Accounting degree requires 128 credit hours.  Accounting majors are encouraged, but not required, to include 150 semester hours of study in their academic planning process.  Their plan might include undertaking minors and/or an additional major/degree or pursuing Master of Science in Accounting or Master of Science in Taxation at LMU or other acceptable graduate programs.  Students are encouraged to discuss with the Accounting Department Chair and/or their academic advisor various possible paths to earn the 150 semester hours.  The LMU Accounting program has made no determination as to whether meeting California’s licensure requirements is sufficient for licensure in other states.  If you wish to become licensed in a state other than California, you will need to check with the Board of Accountancy in the state, as licensure requirements differ. 

Return to {$returnto_text} Return to: LMU College of Business Administration