Accounting Program
Accounting Program
Group Advising
Group Advising
May 11, 12 2010 May 11, 12 2010 Susan Parker Susan ParkerAssociate Professor and Department Head Associate Professor and Department Head
New Issues in Licensing
New Issues in Licensing
New legislation has changed the paths to New legislation has changed the paths to
licensing: licensing:
Pathway 1 allowed licensing with 2 years of Pathway 1 allowed licensing with 2 years of
experience, a bachelors
experience, a bachelors’’ degree, 36 quarter degree, 36 quarter units of accounting and 36 quarter units of units of accounting and 36 quarter units of
general business classes. general business classes.
No longer allowed for licenses granted after No longer allowed for licenses granted after
New Issues in Licensing
New Issues in Licensing
Pathway 2 will the only option Pathway 2 will the only option
Requires a bachelors
Requires a bachelors’’ degree with a total of degree with a total of 225 quarter units of education, and 1 year of 225 quarter units of education, and 1 year of
experience. experience.
Education must include 36 units of accounting, Education must include 36 units of accounting,
36 units of general business, 45 units of 36 units of general business, 45 units of
additional coursework related to accounting additional coursework related to accounting
New Issues in Licensing
New Issues in Licensing
We should know by Fall 2010 what courses are We should know by Fall 2010 what courses are
included in
included in ““additional coursework related to additional coursework related to accounting
accounting””. Currently, it looks like some . Currently, it looks like some accounting (maybe 5
accounting (maybe 5--10 units will be 10 units will be
required), the rest can be general business, required), the rest can be general business,
mathematics, communications, critical mathematics, communications, critical
thinking and potentially other courses. You thinking and potentially other courses. You will also likely need at least one additional will also likely need at least one additional
New Issues in Licensing
New Issues in Licensing
There will possibly be corrective legislation There will possibly be corrective legislation
allowing more latitude for current juniors who allowing more latitude for current juniors who
have 225 units, but possibly not the exact have 225 units, but possibly not the exact
New Issues in Licensing
New Issues in Licensing
We
We ‘‘llll keep you informed of what you need as keep you informed of what you need as we learn, and make sure the appropriate
we learn, and make sure the appropriate classes are available.
classes are available.
In the meantime: take as many classes as you In the meantime: take as many classes as you
can. Keep in mind the availability of internship can. Keep in mind the availability of internship
credits, the Accounting seminar series winter credits, the Accounting seminar series winter
Changes to the CPA exam
Changes to the CPA exam
The CPA exam will also be changing as of Jan The CPA exam will also be changing as of Jan
1, 2011. 1, 2011.
The auditing exam is trimmed to 4 hoursThe auditing exam is trimmed to 4 hours
BEC (Business Environment and Concepts) will be BEC (Business Environment and Concepts) will be
3 hours, 30 minutes longer than currently 3 hours, 30 minutes longer than currently
The relative weights of multiple choice questions The relative weights of multiple choice questions
vs. tasks will change vs. tasks will change
Recruiting Update
Recruiting Update
Hiring is still strong in accounting, compared Hiring is still strong in accounting, compared
to other disciplines, and we expect hiring to to other disciplines, and we expect hiring to
pick up as early as later this summer. pick up as early as later this summer.
What can you do? Stay open minded about What can you do? Stay open minded about
where to start your career, take advantage of where to start your career, take advantage of
all the resources the Career Center and all the resources the Career Center and
SCU Accounting Association
SCU Accounting Association
Prepares students for the transition between school Prepares students for the transition between school
and career (and have fun!) and career (and have fun!)
Organizes events and activitiesOrganizes events and activities
Bring students and professionals togetherBring students and professionals together
Fall Quarter Fall Quarter
Prepare seniorsPrepare seniors for onfor on--campus interviewscampus interviews
Prepares sophsPrepares sophs, juniors, seniors, juniors, seniors for MTF Nightfor MTF Night
MTF NightMTF Night
Winter QuarterWinter Quarter
Meet
Meet
-
-
The Firms Night
The Firms Night
Event informationEvent information
Date and location: TBA soonDate and location: TBA soon
Always the second or third week of schoolAlways the second or third week of school
You must buy a ticket from an Association OfficerYou must buy a ticket from an Association Officer
Size of eventSize of event
Number of firms: typically approximately 30Number of firms: typically approximately 30
Who should attend?Who should attend?
All junior and senior accounting majors (sophomores optional)All junior and senior accounting majors (sophomores optional)
Exception: Seniors in fall who have already signed with a firm.Exception: Seniors in fall who have already signed with a firm.
Preparing for the eventPreparing for the event
For everyoneFor everyone
Formal attireFormal attire
DoDo’’s and Dons and Don’’ts of MTF Night (SCUAA event)ts of MTF Night (SCUAA event)
Look up firm info on their websitesLook up firm info on their websites
For SeniorsFor Seniors
Attend OnAttend On--Campus Interview OrientationCampus Interview Orientation
Resume review (SCUAA event)Resume review (SCUAA event)
Required Accounting Courses
Required Accounting Courses
Lower Division ClassesLower Division Classes
ACTG 5 ACTG 5 –– Personal Financial PlanningPersonal Financial Planning
ACTG 11 ACTG 11 –– Intro to Financial Accounting (Intro to Financial Accounting (SophSoph, FW), FW)
ACTG 12 ACTG 12 –– Intro to Managerial Accounting (Intro to Managerial Accounting (SophSoph, WS), WS)
ACTG 20 ACTG 20 –– Reporting Financial Transactions (FWS)Reporting Financial Transactions (FWS)
Upper Division ClassesUpper Division Classes
ACTG 130 ACTG 130 –– Intermediate Accounting I (Junior, FW)Intermediate Accounting I (Junior, FW)
ACTG 131 ACTG 131 –– Intermediate Accounting II (Junior, WS)Intermediate Accounting II (Junior, WS)
ACTG 132 ACTG 132 –– Advanced Accounting (Senior, FS)Advanced Accounting (Senior, FS)
ACTG 134 ACTG 134 –– Accounting Info Systems (J or S, FWS)Accounting Info Systems (J or S, FWS)
ACTG 135 ACTG 135 –– Auditing (Junior, S)Auditing (Junior, S)
ACTG 136 ACTG 136 –– Cost Accounting (Senior, FW) Cost Accounting (Senior, FW)
Key Classes for Sophomores
Key Classes for Sophomores
Two key courses to complete in your junior Two key courses to complete in your junior
year year
Intermediate Accounting IIntermediate Accounting I
Intermediate Accounting IIIntermediate Accounting II
Why so important?Why so important?
CPA firms consider your grades in these two CPA firms consider your grades in these two
Elective Courses
Elective Courses
Upper division electivesUpper division electives
ACTG 140 ACTG 140 –– Nonprofit and Govt. Accounting (3 units)Nonprofit and Govt. Accounting (3 units)
ACTG 142 ACTG 142 -- Business Law (3 units)Business Law (3 units)
ACTG 148 ACTG 148 –– Advanced TaxAdvanced Tax
ACTG 150 ACTG 150 –– Forensic Accounting (5 units)Forensic Accounting (5 units)
ACTG 152 ACTG 152 –– International Accounting (5 units)International Accounting (5 units)
Consider an additional ethics classConsider an additional ethics class
Lecture series (2 units)Lecture series (2 units)
ACTG 161/171 ACTG 161/171 –– fall lecture series (juniors/seniors)fall lecture series (juniors/seniors)
ACTG 162/172 ACTG 162/172 –– winter lecture series (juniors/seniors)winter lecture series (juniors/seniors)
Independent studiesIndependent studies
ACTG 194 ACTG 194 –– Tutoring (1 or 2 units per quarter)Tutoring (1 or 2 units per quarter)
New resources available
New resources available
The Peer Advising Group is developing a The Peer Advising Group is developing a
specialization in advising accounting majors. specialization in advising accounting majors.
They will be able to discuss with you course They will be able to discuss with you course
selection, timing of classes, getting to the 225 selection, timing of classes, getting to the 225
units, licensing issues, recruiting, etc. units, licensing issues, recruiting, etc.
Aimed at assisting Sophomores, but might be Aimed at assisting Sophomores, but might be
New resources available
New resources available
Peer Advising Group Contacts:Peer Advising Group Contacts:
Wills FallonWills Fallon
WFallon@scu.edu
WFallon@scu.edu
Sarah KostasSarah Kostas
Skostas@scu.eduSkostas@scu.edu
ToriTori WatsonWatson