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Accounting Program

Accounting Program

Group Advising

Group Advising

May 11, 12 2010 May 11, 12 2010 Susan Parker Susan Parker

Associate Professor and Department Head Associate Professor and Department Head

(2)

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

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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

(4)

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

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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

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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

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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

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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

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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 

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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)

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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)

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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

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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)

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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

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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

References

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