Accounting (ACC)

At Western, we believe that the best accountants are those with the greatest breadth in their undergraduate education. Thus, Accounting majors at Western are required to take a full range of General Education courses while still completing all necessary accounting and related business courses. This approach results in graduates who have over half of their course work in liberal arts disciplines, but who still meet all educational requirements to become certified public accountants. This method of accounting education, together with the rigors inherent in the study of accounting, combine to create an outstanding program with outstanding students. In addition, as with other disciplines at Western, students can count on small classes with caring and dedicated faculty.   

Western State Colorado University offers three programs of study in Accounting: a Comprehensive Major: Professional Emphasis, a Comprehensive Major: Financial Analysis Emphasis, and a Standard Accounting Major.

The Professional Emphasis is intended to provide the appropriate educational background for students interested in professional accountancy (CPA) as a career, or the pursuit of a graduate degree in accounting, business, or law. The course work leading to graduation with a Comprehensive Accounting Major is composed of five areas: 1) general education and elective courses; 2) supporting tool courses; 3) Accounting Nucleus courses; 4) supporting courses in Accounting, Business Administration and Economics; and 5) a Capstone Course. Students completing one of the Comprehensive Majors do not need a minor area of study.

 

Students interested in becoming a Certified Public Accountant (CPA) should be aware that all states now require or will soon require 150 credits to be licensed as a CPA. In Colorado, this requirement went into effect July 1, 2015.  The Professional Emphasis in accounting is designed to meet all the requirements for a Colorado CPA candidate to sit for the CPA exam.  This can be done after graduation with the bachelor's degree and a total of 120 credits.  Before being certified as a CPA, the candidate must then complete a total of 150 credits, including additional accounting and business credits.  This can be accomplished by completing the Professional Emphasis in Accounting, a Standard major in Business Administration, and a second auditing course (ACC 415), for a total of 66 credits.  A work experience requirement must also be met.  Students should consult with an Accounting faculty advisor to develop an appropriate academic program.

The Financial Analysis Emphasis in Accounting is designed for students who are interested in careers in accounting or finance but who do not intend to seek CPA certification. This emphasis includes courses in the traditional areas of managerial finance, financial institutions, investments, and economics, and also requires a substantial core of accounting courses. This approach maximizes the post-graduate opportunities available to students. Students completing the Financial Analysis Emphasis do not need a minor area of study.

The Standard Accounting Major is appropriate for students who have a strong interest in both accounting and another discipline. It does not offer the integrated breadth provided in the comprehensive majors. Students pursuing a Standard Major must also complete a minor area of study or have a second major in another discipline. The Standard Major does not provide sufficient preparation for someone interested in professional accountancy, but provides an excellent preparation for graduate study or for careers that make use of accounting information. The selection of a minor area of study (or a second major) that complements a Standard Accounting Major should be made with the aid of an advisor.

Many majors are student members of the Colorado Society of Certified Public Accountants and the American Institute of Certified Public Accountants. To graduate, all majors must have a grade-point average of 2.500 or better in all courses required in the major and complete each of the following courses with a minimum grade of “C”: ACC 201 Introduction to Financial Accounting, ACC 202 Introduction to Managerial Accounting, ACC 301 Intermediate Financial Accounting I, ACC 302 Intermediate Financial Accounting II, ACC 320 Advanced Management Accounting, and ACC 350 Income Tax.

FACULTY

Associate Professor Steve Crowley; Lecturers Kathy Ridgeway and Kelly Sudderth.

DESCRIPTION OF THE PROGRAMS

All Accounting Majors require a minimum of 18 credits of Tool Courses and the 12- credit Accounting Nucleus.

Tool Courses

ACC 201  Introduction to Financial Accounting

3 cr

ACC 202  Introduction to Managerial Accounting

3 cr

ECON 202  Microeconomics

3 cr

One of the following:

 

MATH 140  College Algebra

3 cr

MATH 141  Precalculus

3 cr

MATH 151  Calculus I

4 cr

One of the following:

 

ECON 216  Statistics for Business and Economics

3 cr

MATH 213  Probability and Statistics

3 cr

One of the following:

 

BUAD 220  Computer Applications in Business.

3 cr

CS 120  Professional Computer Skills

3 cr

 

Students are strongly encouraged to complete all Tool Courses before enrolling in Accounting Nucleus courses.

Accounting Nucleus

ACC 301  Intermediate Financial Accounting I

3 cr

ACC 302  Intermediate Financial Accounting II

3 cr

ACC 320  Advanced Management Accounting

3 cr

ACC 350  Income Tax

3 cr

 

 

Accounting Major: Standard Program

A minimum of 42 credits is required including 18 credits of Tool Courses, the 12-credit Accounting Nucleus, and the following:

ACC 498  Accounting Ethics

3 cr

BUAD 210  Legal Environment of Business

3 cr

Two of the following:

 

ACC 340  Accounting Information Systems

3 cr

ACC 410  Auditing

3 cr

ACC 450  Advanced Financial Accounting

3 cr

ACC 460  Advanced Income Tax

3 cr

 
Accounting Major: Comprehensive Programs

PROFESSIONAL EMPHASIS

A  minimum  of  57  credits  is  required  including  18  credits  of  Tool  Courses,  the 12-credit Accounting Nucleus, and the following:

ACC 340  Accounting Information Systems

3 cr

ACC 410  Auditing

3 cr

ACC 450  Advanced Financial Accounting

3 cr

ACC 498  Accounting Ethics

3 cr

BUAD 210  Legal Environment of Business

3 cr

BUAD 270  Principles of Marketing

3 cr

BUAD 315  Business Law

3 cr

BUAD 360  Managerial Finance

3 cr

One of the following:

 

BUAD 333  Organizational Behavior

3 cr

BUAD 350  Human Resource Management

3 cr

 

FINANCIAL ANALYSIS EMPHASIS

A minimum of 57 credits is required including 18 credits of Tool Courses, the 12-credit Accounting Nucleus and the following:

ACC 460  Advanced Income Tax

3 cr

BUAD 210  Legal Environment of Business

3 cr

BUAD 311  Essential Excel Skills for the Workplace

1 cr

BUAD 312  Advanced Excel Applications

2 cr

BUAD 360  Managerial Finance

3 cr

BUAD 461  Investments

3 cr

BUAD 491  Strategic Management

3 cr

ECON 201  Macroeconomics

3 cr

Two of the following:

 

ECON 301  Intermediate Macroeconomics

3 cr

ECON 316  Econometrics

3 cr

ECON 361  Money, Banking, and Financial Markets

3 cr

 
Accounting Minor

A minimum of 18 credits is required:

ACC 201  Introduction to Financial Accounting

3 cr

ACC 202  Introduction to Managerial Accounting

3 cr

ACC 301  Intermediate Financial Accounting I

3 cr

Accounting electives

9 cr

 

Capstone Course Requirement. The following courses in the Accounting Major fulfill the capstone course requirement: ACC 498 Accounting Ethics (Standard Accounting Major or Professional Emphasis); or BUAD 491 Strategic Management (Financial Analysis Emphasis).