Accounting, B.S.A.

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

¹

e.g., BCOR 3750 Analytics in Operations and Supply Chain Management

²

e.g., BCOR 3860 International Business

³

e.g., BCOR 4970 Strategic Management

⁴

Students double-majoring in Accounting and Finance are required to take FNCE 3415 Valuation and Financial Statement Analysis, Valuation and Financial Modeling, plus one additional upper division Accounting elective.

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).

Core, Major, and Elective Accounting 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

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 Intermediate Accounting I, ACCT 3120 Intermediate Accounting II, and ACCT 3140 Accounting Information Systems.

Accounting Model Four-Year Plan

The following curriculum represents the order or sequence in which it is suggested 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.

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.