Accounting
Degree: B.S., Business Administration
College of Business
The Accounting major provides students with a sound foundation to move in a broad range of professional directions in Accounting including the public, governmental, private, and not-for-profit sectors. In addition to having many UMW graduates working in these various areas, the College of Business invites many UMW accountants back to campus to interact with current students. Each September we host “Meet the Firms;” interested students are exposed to those actually in the Accounting field, many of whom are UMW alumni.
An Accounting major is required to take six (6) upper level accounting courses (in addition to Accounting 101 and 102). Taking just these six courses does NOT qualify an Accounting major to sit for the CPA examination in Virginia as CPA candidates must have successfully completed eight (8) upper level Accounting courses to take the test. Students can opt to take Accounting courses beyond what is required in order to meet the CPA candidate education requirements while an undergraduate student at UMW.
A student who has not declared a Business major is limited to taking no more than 27 hours in business or business related courses defined as those courses with the following prefixes: ACCT, BLAW, BUAD, DSCI, FINC, MKTG, MGMT, MIST, CIST, or LRSP.
To be admitted to the College of Business, students must have earned a cumulative grade point average of 2.0 or better after completing at least 27 college credits and a grade of C or higher in ACCT 102 Principles of Accounting II, and have met the criteria for major declaration set forth in the Academic Catalog.
The major in Business Administration is a Bachelor of Science degree. Business majors should note the degree requirements for B.S. degrees, found here.
Additional important information is contained in the description of B.A./B.S./B.S.Ed. General Education Requirements.
Please also note that the section of this Catalog outlining “University Academic Policies and Procedures” applies to students in the College of Business. Students with questions about general academic requirements should consult this part of the Catalog for guidance. All of the “Academic Resources” described in an earlier section of this Catalog are available as needed to students in the College of Business.
Major Requirements
Required Prerequisites
| Code | Title | Credits |
|---|---|---|
| BLAW 201 | Legal Environment of Business | 3 |
| STAT 180 | Introduction to Statistics 1 | 3 |
| ECON 201B | Principles of Macroeconomics | 3 |
| ECON 202B | Principles of Microeconomics | 3 |
| Total Credits | 12 | |
- 1
The following equivalent courses can be taken: ECON 361A Introductory Econometrics or PSYC 261A Introductory Statistics for Psychology.
Common Core
The Accounting Major is one of four majors offered within the College of Business leading to the Bachelor’s of Science degree in Business Administration. All business majors are multi-disciplinary degrees that require students master concepts from across the business disciplines: Accounting, Business Administration, Business Law, Decision Sciences, Finance, Management, Management Information Systems, and Marketing. All majors share a common core of 30 hours of business classes. This common core consists of:
| Code | Title | Credits |
|---|---|---|
| Lower-Division Requirements | ||
| ACCT 101 & ACCT 102 | Principles of Accounting I and Principles of Accounting II | 6 |
| MIST 201 | Management Information Systems and Applications | 3 |
| Upper-Division Requirements | ||
| BUAD 350 | Business Communication | 3 |
| DSCI 352 | Analytics I: Predictive Models | 3 |
| DSCI 353 | Analytics II: Optimization Models | 3 |
| FINC 301 | Principles of Finance | 3 |
| MGMT 301 | Principles of Management | 3 |
| MGMT 490 | Strategic Management | 3 |
| MKTG 301 | Principles of Marketing | 3 |
| Total Credits | 30 | |
Upper Level Electives
Student must then complete an additional eighteen (18) credits of classes to earn a Bachelor of Science degree in Business Administration. Students may major in Accounting, Business Administration, International Business, or Marketing. Upon completion of the program, student transcripts shall state their degree (Bachelor of Science in Business Administration) and their major.
| Code | Title | Credits |
|---|---|---|
| ACCT 301 | Intermediate Accounting I | 3 |
| ACCT 302 | Intermediate Accounting II | 3 |
| ACCT 304 | Cost/Managerial Accounting | 3 |
| ACCT 310 | Federal Taxation of Individuals | 3 |
| ACCT 460 | Auditing | 3 |
| Select one of the following: | 3 | |
| Federal Taxation of Business | ||
| Accounting Information Systems | ||
| Governmental and Not-for-Profit Accounting | ||
| Advanced Accounting Problems | ||
| Total Credits | 18 | |
General Education Requirements
The general education requirements for Bachelor of Arts/Bachelor of Science degrees apply to all students who are seeking to earn an undergraduate B.A., B.S. or B.S.Ed. degree.
Students seeking a Bachelor of Liberal Studies degree have a separate set of BLS general education requirements.
Electives
Elective courses are those that are not needed to fulfill a general education requirement or major program requirement but are chosen by the student to complete the 120 credits required for graduation with a B.A./B.S./B.S.Ed. degree or the BLS degree. These courses may be taken graded or pass/fail (or S/U in the case of physical education and 100-level dance). No student in a regular B.A./B.S./B.S.Ed. program may count more than 60 credits in a single discipline toward the 120 credits required for graduation.
Total Credits Required for the Degree: 120 credits
College of Business Faculty
Filiz Tabak, Dean for Faculty
Faculty
Professors
Christopher J. Garcia
Lance C. Gentry
David L. Henderson, III
Kenneth D. Machande
Mukesh Srivastava
Xiaofeng Zhao
Associate Professors
Wei Chen
Kanchan Deosthali
Alexandra M. Dunn
Rachel L. Graefe-Anderson
Kashef A. Majid
John S. Marsh
Sayan Sarkar
Assistant Professors
Samira Fallah
Eun Jung [Kelly] Yoon
Senior Lecturers
John D. Burrow
Kimberley L. Kinsley
Smita Jain Oxford
Instructor
Tsung-Hsuan Yang