Bachelor of Arts in Accounting and Business Management
Program Coordinator: Dr. Jerry Wayne Slone
Alice Lloyd College Business Department
2018-19 Curriculum Guide Sheet | 2019-20 Curriculum Guide Sheet | 2020-21 Curriculum Guide Sheet | 2021-22 Curriculum Guide Sheet | 2022-23 Curriculum Guide Sheet
Accounting Course Descriptions | Business 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, 460, 461-469, 470, 475, and 488
Collateral Requirements / 6 hours:
ECON 209 and ECON 210
General Electives / sufficient to total 128 hours for graduation
Suggested Course Sequence
MATH 112, 113, 125
BUS 295 or MATH 250
Social Science Elective
Social Science 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 310, 315, 465, 488
C) Marketing – 12 hours Bus 325, 461, 425, Soc 303 or Bus 488
D) Leadership – 12 hours Bus 310, 465, 466, LE 488
E) Business Law – 12 hours Bus 350, 488, Ent 415, Pols 462
F) Entrepreneurship – 12 hours Ent 305, 320, 330, 425
Specific Outcomes and Learning Objectives
The learning outcomes for the Business Core Requirements in the Accounting and Business Management major are:
- To gain a basic understanding of the business world.
- To understand how to analyze and interpret accounting data and how this data is utilized in management planning and control.
- 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.
- To understand the fundamentals of computer software programs such as Word, Excel, and PowerPoint.
- To have an understanding of financial forecasting, working capital management, capital budgeting, debt management, and stock and bond valuation.
- To understand the planning process as it applies to business organizations both in the strategic and operational sense.
- 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.
- To understand the function of control as applied in the business environment including the methods and tools utilized in the control process.
- To gain a basic knowledge of human resource management.
- To understand the relationship and definition of authority, responsibility, and accountability.
- To gain a thorough understanding of the tools and techniques in the operation of a small business.
- To have a working knowledge of the basic concepts and tools used in production and operation management.
- To understand the marketing concept and its application in business organizations.
- 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.
- 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:
- To understand the theory of accounts and techniques of accounting including balance sheet accounts, problems of recording, tracing, and valuation.
- To understand the concepts of cost in developing information for management use in determining income and measurement of performance.
- To understand federal income tax laws as they relate to individuals, corporations, and partnerships.
- To understand the theoretical and practical application of accounting problems related to auditing and internal control.
- To understand the principles and concepts of partnerships, business combinations and consolidated financial statements, and fund accounting.
- To develop an awareness and understanding of various contemporary accounting issues.
- To understand quantitative methods of assistance to managers in the decision-making process.