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 – 18 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

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.

Hide

Alice Lloyd College reserves the right to change at any time the content of this online publication.


Upcoming Events

Calendar

September 2013
S M T W T F S
25 26

Women's Volleyball vs. Johnson University

CloseAugust 26, 2013 @ 4:00 pm
27

Women's Volleyball vs. IUSE

CloseAugust 27, 2013 @ 7:00 pm
28

Last Day to Register, Drop/Add

CloseAugust 28, 2013 @ N/A

Last Day to Register, Drop/Add

CloseAugust 28, 2013 @ N/A
29 30

Women's Volleyball @ Cincinnati Christian

CloseAugust 30, 2013 @ 6:00 pm
31
1 2

Labor Day (No Classes)

CloseSeptember 2, 2013 @ N/A
3 4 5

Ist Quarter Mid-Term Ends

CloseSeptember 5, 2013 @ N/A

All-Campus Carnival & Cookout

CloseSeptember 5, 2013 @ 5:30 pm

Event Details >>

An SGA-sponsored event.

All-Campus Carnival & Cookout

CloseSeptember 5, 2013 @ 5:30 pm

Event Details >>

An SGA-sponsored event.
6

Elementary Fall Field Day (K-5)

CloseSeptember 6, 2013 @ N/A

Men's Cross Country @ UPike Dual Meet

CloseSeptember 6, 2013 @ 4:30 pm

Women's Cross Country @ UPike Dual Meet

CloseSeptember 6, 2013 @ 4:30 pm
7

Women's Tennis versus Asbury University

CloseSeptember 7, 2013 @ 1:00 pm
8 9 10

ALC Blood Drive

CloseSeptember 10, 2013 @ N/A

Yearbook Photos

CloseSeptember 10, 2013 @ 9:00 am

Event Details >>

Yearbook photos will be taken in the entry area between the faculty-staff and student lounges on the 2nd floor of the Jerry C. Davis Student Center. The photo session counts as convocation credit and is required of all students. Please note that professional dress is also required.

Fall Opening Convocation: Colmon Elridge III

CloseSeptember 10, 2013 @ 1:00 pm

Event Details >>

ALC is pleased to welcome Colmon Elridge III, executive assistant to Kentucky Governor Steve Beshear. Attendance at ALC’s opening convocation is required for all students, faculty, and staff.

Opening Convocation

CloseSeptember 10, 2013 @ 1:00 pm

Event Details >>

Required of ALL students.

Opening Convocation

CloseSeptember 10, 2013 @ 1:00 pm

Women's Volleyball @ Johnson University

CloseSeptember 10, 2013 @ 2:00 pm

Women's Volleyball @ Hiwassee

CloseSeptember 10, 2013 @ 4:00 pm
11 12

MAPP Test (Freshmen & Juniors)

CloseSeptember 12, 2013 @ N/A

MAPP Testing

CloseSeptember 12, 2013 @ 1:00 pm

Event Details >>

This is a required convocation for all first-time freshmen and all juniors ONLY. It is a casual dress event. Please watch for postings around campus that will provide more specific information. Location TBA.

MAPP Testing

CloseSeptember 12, 2013 @ 1:00 pm

Event Details >>

This is a required convocation for all first-time freshmen and all juniors ONLY. It is a casual dress event. Please watch for postings around campus that will provide more specific information. Location: TBA.
13

Senior Field Day (6-12)

CloseSeptember 13, 2013 @ N/A
14

Men's Cross Country @ Centre College Invitational

CloseSeptember 14, 2013 @ 10:30 am

Women's Cross Country @ Centre College Invitational

CloseSeptember 14, 2013 @ 10:30 am

Women's Tennis versus Midway

CloseSeptember 14, 2013 @ 11:00 am

Women's Volleyball Tri-Match @ Asbury

CloseSeptember 14, 2013 @ 12:00 pm

Event Details >>

Match #1 vs. SLCOP @ 12 PM Match #2 vs. Asbury University @ 2 PM Match #3 vs. Point Park University @ 4 PM
15 16

Religious Emphasis Week

CloseSeptember 16, 2013 @ N/A

Virginia College Fair: Buchanan County Technical Center (Buchanan Co, VA)

CloseSeptember 16, 2013 @ 9:00 am

Virginia College Fair: Dickenson County Education Center (Dickenson Co., VA)

CloseSeptember 16, 2013 @ 1:00 pm

Virginia College Fair: UVA-Wise, David J. Prior Convo. Center (Wise Co., VA)

CloseSeptember 16, 2013 @ 6:30 pm
17

Religious Emphasis Week

CloseSeptember 16, 2013 @ N/A

Virginia College Fair: Lee High School (Lee Co., VA)

CloseSeptember 17, 2013 @ 9:00 am

Constitution Day

CloseSeptember 17, 2013 @ 1:00 pm

Event Details >>

Andrew Busroe, ALC’s Director of Library Services and adjunct professor, will lead us in a discussion to celebrate Constitution Day.

Virginia College Fair: Scott County Career and Tech Center (Scott Co., VA)

CloseSeptember 17, 2013 @ 1:00 pm

Virginia College Fair: Southwest VA Higher Ed. (Abingdon/Washington Counties)

CloseSeptember 17, 2013 @ 6:00 pm

Religious Emphasis with Mark Combs

CloseSeptember 17, 2013 @ 7:30 pm

Event Details >>

In the first of three sessions, Mark Combs, founder of Hazard, KY’s Summit Community Church, will address students as part of Religious Emphasis Week.
18

Religious Emphasis Week

CloseSeptember 16, 2013 @ N/A

Virginia College Fair: Smyth County College Night

CloseSeptember 18, 2013 @ N/A

Event Details >>

Time and location TBD.

Virginia College Fair: Lebanon High School Gymnasium (Russell Co., VA)

CloseSeptember 18, 2013 @ 9:30 am

Virginia College Fair: Southwest VA Community College (Tazewell Co., VA)

CloseSeptember 18, 2013 @ 12:30 pm
19

Religious Emphasis Week

CloseSeptember 16, 2013 @ N/A

Virginia College Fair: Carroll County High School

CloseSeptember 19, 2013 @ 9:00 am

Religious Emphasis with Mark Combs

CloseSeptember 19, 2013 @ 1:00 pm

Event Details >>

In the second of three sessions, Mark Combs, founder of Hazard, KY’s Summit Community Church, will address students as part of Religious Emphasis Week.

Virginia College Fair: Wytheville Meeting Center

CloseSeptember 19, 2013 @ 1:00 pm

Event Details >>

The Wytheville Meeting Center is located adjacent to the campus of Wytheville Community College.

Religious Emphasis with Mark Combs

CloseSeptember 19, 2013 @ 7:30 pm

Event Details >>

In the last of three sessions, Mark Combs, founder of Hazard, KY’s Summit Community Church, will address students as part of Religious Emphasis Week.
20

Alumna and Alumnus of the Year Banquet

CloseSeptember 20, 2013 @ N/A

Men's Golf @ Hiwassee One-Day Golf Tournament

CloseSeptember 20, 2013 @ N/A

Event Details >>

Location: Three Ridges Golf Course – Knoxville, TN

Women's Volleyball @ Berea College Spoonbread Smash

CloseSeptember 20, 2013 @ 7:00 pm

Event Details >>

Matches: Sept. 20th vs. Ohio Christian @ 7 PM Sept. 21st vs. UPike @ 9 AM Sept. 21st vs. Johnson University @ 11 AM Sept. 21st vs. Carlow University @ 4 PM
21

Women's Volleyball @ Berea College Spoonbread Smash

CloseSeptember 21, 2013 @ 9:00 am

Event Details >>

Matches: Sept. 20th vs. Ohio Christian @ 7 PM Sept. 21st vs. UPike @ 9 AM Sept. 21st vs. Johnson University @ 11 AM Sept. 21st vs. Carlow University @ 4 PM

Men's Cross Country @ Berea College Invitational

CloseSeptember 21, 2013 @ 10:30 am

Women's Cross Country @ Berea College Invitational

CloseSeptember 21, 2013 @ 10:30 am
22

Women's Tennis @ IU Southeast

CloseSeptember 22, 2013 @ 11:00 am
23 24

PBL Cupcake Social

CloseSeptember 24, 2013 @ 12:45 pm

Women's Volleyball @ Hiwassee College

CloseSeptember 24, 2013 @ 6:00 pm
25 26 27 28

Women's Volleyball vs. Cincinnati Christian

CloseSeptember 28, 2013 @ 1:00 pm

Women's Tennis @ Carlow University

CloseSeptember 28, 2013 @ 3:00 pm
29 30 1 2

1st Quarter Grades Due

CloseOctober 2, 2013 @ N/A
3 4

Fall Festival

CloseOctober 4, 2013 @ N/A

Women's Volleyball vs. IU Kokomo

CloseOctober 4, 2013 @ 3:00 pm

Event Details >>

Match to be played at Midway College.

America's Funniest Professor - Dr. Carl Hurley

CloseOctober 4, 2013 @ 6:00 pm

Event Details >>

Dinner & a show. Special fundraiser for The June Buchanan School.

Women's Volleyball @ Midway College

CloseOctober 4, 2013 @ 7:00 pm

Event Details >>

MCVB Tri-Match
5

Men's Golf @ Berea College Fall Tournament

CloseOctober 5, 2013 @ N/A

Event Details >>

@ Battlefield Golf Course – Berea, KY

Women's Tennis @ SLCOP

CloseOctober 5, 2013 @ 11:00 am

Women's Tennis @ IU East

CloseOctober 5, 2013 @ 2:00 pm