Alice Lloyd College

Bachelor of Arts in Accounting and Business Management

Program Coordinator: Dr. Jerry Wayne Slone

Alice Lloyd College Business Department

Curriculum Guide Sheet (pdf)

Course Descriptions

The Accounting and Business Management major at ALC has been implemented as part of the new and expanded Business & Entrepreneurship program. The major prepares students to proceed to the Certified Public Accountant (CPA) examination and to pursue careers in public accounting, industrial accounting, governmental accounting, or to go on to pursue graduate studies. Alice Lloyd routinely seeks to help students obtain advanced study beyond their program at ALC, which is a practice unique to the College.

Graduates are expected to provide leadership in the region through self-employment, employment in area businesses, governmental agencies, and not-for-profit organizations, and through graduate work. It is the College’s hope, as well, that these students will go on to create new ventures in the region that might help to create jobs for others.

Students who want to become certified public accountants (CPAs) must pass the CPA exam. The CPA exam is a uniform examination, created by the Accounting Institute of Certified Public Accountants (AICPA) and currently given two times each year. Each state has its own Board of Accountancy and it is the state board that determines the requirements to sit for the exam and for licensing. The state of Kentucky requires candidates to have a Bachelor’s degree from an accredited college or university, at least 150 credit hours earned, and a concentration in accounting. A concentration in accounting is defined as a minimum of 39 semester hours in business related subjects, of which 27 semester hours shall consist of accounting subjects.

As stated previously, each state has its own requirements but most are fairly similar to Kentucky’s. For example, West Virginia also requires the 150 credit hours but West Virginia’s State Board of Accountancy lists certain courses that must be completed before candidates can sit for the exam. For more information, students may log on to the web page for the National Association of State Boards of Accountancy at www. nasba.org. Under Roll Call students will find phone numbers, addresses, and links to all state boards of accountancy. Once one has passed the CPA exam, most states require some professional experience before certification. Again, each state sets its own requirements for professional experience. Students are encouraged to discuss any questions about accounting careers, accounting classes, or academic planning with their advisor.

In addition to the 54 hours of institutional coursework required as the college’s general education requirement, students wishing to pursue a degree in accounting would also need to complete 33-34 hours of business core requirements, 6 hours of business collateral requirements, and 18 hours of accounting electives at the 300-400 level.

Accounting and Business Management Major Requirements

Students should become familiar with the requirements for their individual programs and work with their advisors to ensure that all degree requirements will be met. A guide sheet is extremely helpful in academic planning. Students wishing to major in Accounting and Business Management may access a downloadable version (pdf) of the guide sheet at the top of this page, or he or she may obtain one from his or her Faculty Advisor or from the Registrar. The student has the ultimate responsibility for seeing that all academic requirements are being met.

General Education Requirements / 54 hours

Institutional – 16 hours: CIS 110, COMM 126, ENG 101, ENG 102, LE 101, PE 103

Humanities: 12 hours

Social Sciences: 12 hours

Natural Sciences and Mathematics: 12 hours

Business Core Requirements / 33-34 hours:

ACC 201, ACC 202, BUS 212, BUS 240, BUS 315, BUS 320, BUS 325, BUS 350, BUS 435, BUS 450, MATH 250 or BUS 295

Accounting Requirements / 18 hours:

ACC 301, ACC 302, ACC 303, ACC 304, ACC 305, ACC 401

Accounting Electives / 3 hours:

Choose 1 from ACC 410, ACC 46_, ACC 470, ACC 475, and ACC 488

Collateral Requirements / 6 hours:

ECON 209 and ECON 210

General Electives / sufficient to total 128 hours for graduation

Suggested Course Sequence

Freshman Year First Semester:

ENG 101
PE 103
A PHYS SCI
CIS 100
MATH 112, 113, or 125

Freshman Year Second Semester:

ENG 102
LE 101
BIOL 101
BUS 212
COMM 126

Sophomore Year First Semester:

ACC 201
ECON 209
BUS 295 or MATH 250
BUS 240
Humanities Elective

Sophomore Year Second Semester:

ACC 202
ECON 210
General ElectiveHumanities Elective
Social Science Elective
Social Science Elective

Junior Year First Semester:

BUS 315
BUS 325
BUS 320
ACC 301
ACC 305

Junior Year Second Semester:

BUS 350BUS 435
ACC 302
ACC 303
Humanities Elective
General Elective

Senior Year First Semester:

ACC 401
ACC 304
Accounting Elective
Humanities Elective
General Elective

Senior Year Second Semester:

BUS 405
Accounting Elective
General Elective
General Elective
General Elective

Students pursuing a bachelor’s degree in Accounting may also choose an area of concentration which will consist of 12 hours of specialized coursework within a field of study. A student may choose one or more of the following 6 concentrations:

A) Finance – 12 hours
Bus 320, 421, 488, Ent 320
B) Management – 12 hours
Bus 315, 310, 465, 488
C) Marketing – 12 hours
Bus 325, 461, 425, Soc 303
D) Leadership – 12 hours

Specific Outcomes and Learning Objectives

The learning outcomes for the Business Core Requirements in the Accounting and Business Management major are:

1.       To gain a basic understanding of the business world.

2.       To understand how to analyze and interpret accounting data and how this data is utilized in management planning and control.

3.       To have a basic knowledge of the fundamental financial concepts used in business and their application as a manager in a business organization, profit or non-profit.

4.       To understand the fundamentals of computer software programs such as Word, Excel, and PowerPoint.

5.       To have an understanding of financial forecasting, working capital management, capital budgeting, debt management, and stock and bond valuation.

6.       To understand the planning process as it applies to business organizations both in the strategic and operational sense.

7.       To have an understanding of the theory and concepts involved in the influencing process including the performance of four primary management activities:  learning, motivating, controlling groups, and communication.

8.       To understand the function of control as applied in the business environment including the methods and tools utilized in the control process.

9.       To gain a basic knowledge of human resource management.

10.   To understand the relationship and definition of authority, responsibility, and accountability.

11.   To gain a thorough understanding of the tools and techniques in the operation of a small business.

12.   To have a working knowledge of the basic concepts and tools used in production and operation management.

13.   To understand the marketing concept and its application in business organizations.

14.   To have a basic understanding of the fundamental principles of law as they relate to business organizations.  The student should be exposed to and develop a basic understanding of contracts, partnerships, corporations, bankruptcy, etc.

15.   To emphasize the growing importance of the interpersonal aspects within the global, social, political, legal, economic, and ethical environments upon business related problems and issues.

 

The learning outcomes for the Accounting and Business Management Major Requirements are:

1.       To understand the theory of accounts and techniques of accounting including balance sheet accounts, problems of recording, tracing, and valuation.

2.       To understand the concepts of cost in developing information for management use in determining income and measurement of performance.

3.       To understand federal income tax laws as they relate to individuals, corporations, and partnerships.

4.       To understand the theoretical and practical application of accounting problems related to auditing and internal control.

5.       To understand the principles and concepts of partnerships, business combinations and consolidated financial statements, and fund accounting.

6.       To develop an awareness and understanding of various contemporary accounting issues.

7.       To understand quantitative methods of assistance to managers in the decision-making process.

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Upcoming Events

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    October 24, 2014 @ N/A Event Details >>
  • Men's and Women's Cross Country - Midway College Invitational
    October 25, 2014 @ 11:00 am Event Details >>
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    October 25, 2014 @ 11:00 am Event Details >>
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    October 25, 2014 @ 2:00 pm Event Details >>

Calendar

October 2014
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Women's Volleyball Tri-Match @ Rio Grande

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JBS Fall Festival

Women's Volleyball vs Hiwassee College

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Men's and Women's Cross Country - Run for the Hills

Men's and Women's Cross Country - Run for the Hills

Women's Tennis vs Carlow University

Women's Volleyball Tri-Match @ UPIKE

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JBS 1st Quarter Grades Due

Breast Cancer Awareness

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ALC Midterm Grades Due

JBS Science Fair

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JBS Grandparents' Day

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ALC Alumni Association Meeting

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Women's Volleyball @ Berea

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Fall Break (No Classes)

JBS Fall Break (No Classes)

17

Fall Break (No Classes)

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18
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Alcohol Awareness Week

Golf Scramble

Women's Volleyball vs Brescia

21

Alcohol Awareness Week

Mountain Comprehensive Care

22

Alcohol Awareness Week

23

Alcohol Awareness Week

Brett Wiscons

24

Alcohol Awareness Week

Fall Board Meeting

25

Fall Board Meeting

Men's and Women's Cross Country - Midway College Invitational

Men's and Women's Cross Country - Midway College Invitational

Women's Volleyball Tri-Match @ Asbury

26

Women's Volleyball Tri-Match vs IU East/UPIKE

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