REASONS FOR PROPOSED ACTION
The Accounting and Information Assurance (AIA) Department would like to make a slight modification to its
Accounting major curriculum. In particular, AIA is proposing to VPAC that BMGT428A Special Topics in
Accounting: Government Accounting receive a permanent course number of BMGT410. If approved by
VPAC, AIA would like to list BMGT 410 as an official course option in the Accounting major.
BMGT428A Government Accounting in Spring 2007 and was very popular with students. Since many
Accounting majors obtain jobs in Federal or State government, this subject will continue to be attractive to our
students for the foreseeable future.
DESCRIPTION OF CURRICULUM CHANGE
AIA is requesting that BMGT410 Government Accounting be added as an option in both the Public Accounting
Track and the Management Accounting/Consulting Track. See details below.
Old Requirements
Required of all Accounting majors
BMGT
BMGT
BMGT
BMGT
310—Intermediate Accounting I — 3 credits
311—Intermediate Accounting II — 3 credits
321—Managerial Accounting — 3 credits
326—Accounting Systems — 3 credits
Accounting majors must complete an additional 12 credits from one of the following tracks.
Public Accounting Track
BMGT 323—Taxation of Individuals — 3 credits
BMGT 422—Auditing Theory and Practice — 3 credits
BMGT 411—Ethics and Professionalism in Accounting
One of the following courses: — 3 credits
BMGT 417—Taxation of Corporations, Partnerships & Estates
BMGT 423—Fraud Examination
BMGT 424—Advanced Accounting
BMGT 427—Advanced Auditing Theory and Practice
BMGT 428—Special Topics in Accounting
Management Accounting/Consulting Track
BMGT 426—Advanced Managerial Accounting — 3 credits
Three of the following courses: — 9 credits
BMGT 323—Taxation of Individuals
BMGT 411—Ethics and Professionalism in Accounting
BMGT 417—Taxation of Corporations, Partnerships & Estates
BMGT 423—Fraud Examination
BMGT 424—Advanced Accounting
BMGT 428—Special Topics in Accounting
BMGT 305—Survey of Business Information Systems and Technology
BMGT 402—Database Systems
BMGT 403—Systems Analysis and Design
BMGT 332—Operations Research for Management Decisions
BMGT 385—Operations Management
BMGT
BMGT
BMGT
BMGT
430—Linear Statistical Models in Business
434—Introduction to Optimization Theory
440—Advanced Financial Management
446—International Finance
Upper Level Economics Requirement
One of the following courses: ECON 305, 306, 330 (formerly 430), 340 (formerly 440) – 3 credits
Total Credits for Accounting and Economics – 27 credits
New Requirements
Required of all Accounting majors
BMGT
BMGT
BMGT
BMGT
310—Intermediate Accounting I — 3 credits
311—Intermediate Accounting II — 3 credits
321—Managerial Accounting — 3 credits
326—Accounting Systems — 3 credits
Accounting majors must complete an additional 12 credits from one of the following tracks.
Public Accounting Track
BMGT 323—Taxation of Individuals — 3 credits
BMGT 422—Auditing Theory and Practice — 3 credits
BMGT 411—Ethics and Professionalism in Accounting — 3 credits
One of the following courses: — 3 credits
BMGT 410—Government Accounting (new option)
BMGT 417—Taxation of Corporations, Partnerships & Estates
BMGT 423—Fraud Examination
BMGT 424—Advanced Accounting
BMGT 427—Advanced Auditing Theory and Practice
BMGT 428—Special Topics in Accounting
Management Accounting/Consulting Track
BMGT 426—Advanced Managerial Accounting — 3 credits
Three of the following courses: — 9 credits
BMGT 323—Taxation of Individuals
BMGT 410—Government Accounting (new option)
BMGT 411—Ethics and Professionalism in Accounting
BMGT 417—Taxation of Corporations, Partnerships & Estates
BMGT 423—Fraud Examination
BMGT 424—Advanced Accounting
BMGT 428—Special Topics in Accounting
BMGT 305—Survey of Business Information Systems and Technology
BMGT 402—Database Systems
BMGT 403—Systems Analysis and Design
BMGT 332—Operations Research for Management Decisions
BMGT 385—Operations Management
BMGT 430—Linear Statistical Models in Business
BMGT 434—Introduction to Optimization Theory
BMGT 440—Advanced Financial Management
BMGT 446—International Finance
Upper Level Economics Requirement
One of the following courses: ECON 305, 306, 330 (formerly 430), 340 (formerly 440) – 3 credits
Total Credits for Accounting and Economics – 27 credits
Additional Degree Requirements of the Accounting Major
At the Smith School of Business, a minimum of 120 credit hours is required to complete a Bachelor of Science degree. Besides the
major requirements listed above and the specific Smith School of Business requirements listed below, a student must complete the
University's CORE General Education Requirements and sufficient lower and upper level elective credit to accumulate a total of 120
credit hours. A minimum of 58 credit hours of the required 120 hours must be in 300-400 (upper) level courses. A detailed
explanation including additional Smith School of Business degree requirements are listed below.
Freshmen/Sophomore Smith School Requirements
MATH 220 or 140 - Elem.Calculus I or Calculus I
BMGT 220 & 221 - Principles of Accounting I & II
BMGT 230 or 231 - Business Statistics
ECON 200 & 201 - Principles of Micro & Macro Economics
COMM 100, 107 or 200 - Foundations of Speech Communications,
Speech Communication, or Critical Thinking and Speaking
Total
3-4 cr
6 cr
3 cr
8 cr
3 cr
23-24 cr
Junior/Senior Smith School Requirements
BMGT 301 - Introduction to Information Systems
BMGT 340 - Business Finance
BMGT 350 - Marketing Principles
BMGT 364 - Management and Organization
BMGT 367 - Career Search Strategies and Business
BMGT 380 - Business Law
BMGT 495 - Business Policies
Total
3 cr
3 cr
3 cr
3 cr
1 cr
3 cr
3 cr
19 cr
Accounting Major Requirements (details listed previously)
24 cr
Upper Level Economics Requirements (details listed previously)
3 cr
University CORE General Education Requirements not fulfilled by
Smith School requirements listed above. - Total Credits
28 cr
Lower Level Electives
Upper Level Electives
Grand Total Required
16-17 cr
6 cr
120 cr
Current Catalog Description
Accounting, in a limited sense, is the analysis, classification, and recording of financial events and the reporting
of the results of such events for an organization. In a broader sense, accounting consists of all financial systems
for planning, controlling, and appraising performance of an organization. Accounting includes among its many
facets: financial planning, budgeting, accounting systems, financial management controls, financial analysis of
performance, financial reporting, internal and external auditing, and taxation. The accounting curriculum
provides an educational foundation for careers in public accounting, management, whether in private business
organizations, government or nonprofit agencies, or consulting. Two tracks are provided: The Public
Accounting Track leading to the CPA (Certified Public Accounting) and the Management
Accounting/Consulting Track.
Updated Catalog Description
No change.
Typical 4 Year Plan – Public Accounting Track
Year 1, First Term
Courses
ENGL101 (if not exempt) or elective
MATH 220 (or as placed)
ECON200
CORE class
Lower level elective
Year 1, Second Term
Credits
3
3
4
3
3
16
Year 2, First Term
Courses
BMGT220
BMGT230 (if still needed) or elective
Lower level elective
Lower level elective
CORE (Lab science)
Credits
3
3
2
3
4
15
BMGT326 (Major Requirement 5 of 8)
BMGT422 (Major Requirement 6 of 8)
College Core
Professional Writing
Upper level elective (1 of 2)
Courses
BMGT221
CORE
Remaining electives
CORE
Credits
3
3
6
3
15
Year 3, Second Term
Credits
3
3
3
3
3
1
16
Year 4, First Term
Courses
Credits
4
3
3
3
3
16
Year 2, Second Term
Year 3, First Term
Courses
BMGT310 (Major Requirement 1 of 8)
BMGT321 (MajorRequirement 2 of 8)
College Core
College Core
Upper level ECON (from
list)
BMGT367 (College Core)
Courses
ECON201
MATH220 (if still needed) or BMGT230
COMM107
CORE or lower level elective
CORE
Courses
BMGT311 (310 prereq) Major Req. 3 or 8
BMGT323 (Major Requirement 4 of 8)
College Core
College Core
Advanced Studies Core
BMGT367 (if still needed)
Credits
3
3
3
3
3
1
15-16
Year 4, Second Term
Credits
3
3
3
3
3
15
Courses
BMGT495 (College Core) (340/350/364
prereqs)
BMGT411 (Major Requirement 7 of 8)
Upper level elective (2 of 2)
Major Requirement (8 of 8) from options
Credits
3
3
3
3
12
Typical 4 Year Plan – Management Accounting/Consulting Track
Year 1, First Term
Courses
ENGL101 (if not exempt) or elective
MATH 220 (or as placed)
ECON200
CORE class
Lower level elective
Year 1, Second Term
Credits
3
3
4
3
3
16
Year 2, First Term
Courses
BMGT220
BMGT230 (if still needed) or elective
Lower level elective
BMGT201 (if not exempt) or elective
CORE (Lab science)
Credits
3
3
2
3
4
15
BMGT426
Accounting elective (1 of 3)
Accounting elective (2 of 3)
Professional Writing
Upper level elective (1 of 3)
Courses
BMGT221
CORE
Remaining electives
CORE
Credits
3
3
6
3
15
Year 3, Second Term
Credits
3
3
3
3
3
1
16
Year 4, First Term
Courses
Credits
4
3
3
3
3
16
Year 2, Second Term
Year 3, First Term
Courses
BMGT310
BMGT321
College Core
College Core
Upper level ECON
(from list)
BMGT367 (College Core)
Courses
ECON201
MATH220 (if still needed) or BMGT230
COMM107
CORE or lower level elective
CORE
Courses
BMGT311 (310 prereq)
BMGT326
College Core
College Core
Advanced Studies Core
BMGT367 (if still needed)
Credits
3
3
3
3
3
1
15-16
Year 4, Second Term
Credits
3
3
3
3
3
15
Courses
BMGT495 (College Core) (340/350/364
prereqs)
Accounting elective (3 of 3)
Upper level elective (2 of 3)
Upper level elective (3 of 3)
Credits
3
3
3
3
12
Prerequisite/Course Sequencing Structure
- All Accounting majors can easily complete their degree over their junior/senior years because the longest prerequisite sequence is
three semesters.
Public Accounting Track, Junior/Senior Year
BMGT310 (prereq: BMGT221)
BMGT311 (prereq: BMGT310)
BMGT321 (prereq: BMGT221)
BMGT323 (prereq: BMGT221)
BMGT326 (prereq: BMGT221 and (BMGT201 or 301))
BMGT410 (prereq: BMGT221)
BMGT411 (prereq: BMGT 311)
BMGT417 (prereq: BMGT 221)
BMGT422 (prereq: BMGT221)
BMGT423 (prereq: BMGT310)
BMGT424 (prereq: BMGT311)
BMGT427 (prereq: BMGT422)
Management Accounting/Consulting Track, Junior/Senior Year
BMGT310 (prereq: BMGT221)
BMGT311 (prereq: BMGT310)
BMGT321 (prereq: BMGT221)
BMGT323 (prereq: BMGT221)
BMGT326 (prereq: BMGT221 and (BMGT201 or 301))
BMGT410 (prereq: BMGT 311)
BMGT411 (prereq: BMGT 311)
BMGT417 (prereq: BMGT 221)
BMGT422 (prereq: BMGT221)
BMGT423 (prereq: BMGT310)
BMGT424 (prereq: BMGT311)
BMGT426 (prereq: BMGT 321)
Non-Accounting options:
BMGT305
BMGT402 (prereq: BMGT301, recommd: BMGT302)
BMGT403 (prereq: BMGT301, recommd: BMGT302)
BMGT332 (prereq: BMGT230)
BMGT385
BMGT430 (prereq: BMGT230 or 231)
BMGT434 (prereq: MATH220, Recommended: MATH221 or MATH141)
BMGT440 (prereq: BMGT340)
BMGT446 (prereq: BMGT340)
Course Descriptions
BMGT 220 Principles of Accounting I (3) Basic theory and techniques of contemporary financial accounting. Includes the
accounting cycle and the preparation of financial statements for single owner and partnership forms of business organizations
operating as service companies or merchandisers.
BMGT 221 Principles of Accounting II (3) Prerequisite: BMGT220. Basic theory and techniques of accounting for managerial
decision making. Involves the introduction of the corporation and manufacturing operations. Includes costvolume-profit analysis and
capital budgeting. Introduces the topics of income taxation and international accounting.
BMGT 305 Survey of Business Information Systems and
Technology (3) For Information Systems-Business majors only. Computer Science majors will not receive credit. 53 semester
hours. Introductory course for the decision and information science major. Covers the components of modern business information
systems as well as the consequences of information technology on society and the environment.
BMGT 310 Intermediate Accounting I (3) Prerequisite: BMGT221. Comprehensive analysis of financial accounting topics related
to financial statement preparation and external reporting.
BMGT 311 Intermediate Accounting II (3) Prerequisite: BMGT310. Continuation of BMGT310.
BMGT 321 Managerial Accounting (3) Prerequisite: BMGT221. A study of the basic concepts of product costing and cost analysis
for management planning and control. Emphasis is placed on the role of the accountant in organizational management, analysis of
cost behavior, standard cost budgeting, responsibility accounting and relevant costs for decision-making.
BMGT 323 Taxation of Individuals (3) Prerequisite: BMGT221. Federal taxation of individuals focusing on income, exclusions,
deductions, depreciation, credits and capital transactions. Property coverage includes the tax consequences of sales and dispositions of
investment and business assets. Both tax planning and compliance issues are covered.
BMGT 326 Accounting Systems (3) Prerequisites: BMGT221 and (BMGT201 or 301). A study of accounting systems and computer
and communications technology.
BMGT 332 Operations Research For Management Decisions (3) Prerequisite: BMGT230 or BMGT231; or equivalent. Surveys
the philosophy, techniques and applications of operations research to managerial decision-making. Techniques covered include: linear
programming, transportation and assignment models, Markov processes and inventory and queuing models. Emphasis is placed on
formulating and solving decision problems in the functional areas of management.
BMGT 385 Operations Management (3) Studies the design, management and improvement of a firm’s processes and systems for
creation and delivery of products and services. Includes strategic and operational views of supply chain, product development, and
capacity analysis, highlighting the competitive advantages that operations management can provide the firm.
BMGT 402 Database Systems (3) Prerequisite: BMGT301 or equivalent. Recommended: BMGT302. Introduction to basic concepts
of database management systems. Relational databases, query languages and design will be covered. Fileprocessing techniques are
examined.
BMGT 403 Systems Analysis and Design (3) Prerequisite: BMGT301 or equivalent. Recommended: BMGT302. Techniques and
tools applicable to the analysis and design of computer-based information systems. System life cycle, requirements analysis, logical
design of databases and performance evaluation. Emphasis on case studies. Project required that involves the design, analysis and
implementation of an information system.
BMGT410 Government Accounting (3) Prerequisite: BMGT221. An introduction to the theory and practice of accounting and
financial reporting as applied in both federal and state/local governments, with a focus on generally accepted accounting principles
applicable in each. Topics include analyzing transactions; recognizing transactions in the accounting cycles; and preparing and
analyzing financial statements and the overall financial reports at both the federal and state/local government levels. Various
techniques are used to study government accounting and may include problem sets, case studies, computer applications, and other
materials.
BMGT 411 Ethics and Professionalism in Accounting (3) Prerequisite: BMGT311. For accounting majors only. 86 semester hours.
Analysis and discussion of issues relating to ethics and professionalism in accounting.
BMGT 417 Taxation of Corporations, Partnerships and Estates (3) Prerequisite: BMGT221. Federal taxation of corporations
using the life-cycle approach-formation, operation, assessment, merger, reorganization and liquidation. Overviews of pass-through
entities - partnerships and s-corporations - using the life-cycle approach, and the tax consequences of wealth transfers by individuals gift and estate taxation. Both tax planning and compliance issues are addressed.
BMGT 422 Auditing Theory and Practice (3) Prerequisite: BMGT221. A study of the independent accountant’s attest function,
generally accepted auditing standards, compliance and substantive tests and report forms and opinions.
BMGT 423 Fraud Examination (3) Prerequisite: BMGT310. Covers fraud prevention, detection and investigation techniques. The
traditional accounting areas of fraud – fraudulent financial accounting and misappropriation of assets as well as recent and historical
cases of fraud will also be examined. Current fraud Topics will be discussed.
BMGT 424 Advanced Accounting (3) Prerequisite: BMGT311. Advanced accounting theory applied to specialized topics and
current problems. Emphasis on consolidated statements and partnership accounting.
BMGT 426 Advanced Managerial Accounting (3) Prerequisite: BMGT321. Advanced cost accounting with emphasis on
managerial aspects of internal record-keeping and control systems.
BMGT 428 Special Topics in Accounting (3) For Accounting majors only. Repeatable to 06 credits if content differs. Selected
advanced topics in Accounting.
BMGT 430 Linear Statistical Models in Business (3) Prerequisite: BMGT230 or BMGT231 or permission of department. Model
building involving an intensive study of the general linear stochastic model and the applications of this model to business problems.
The model is derived in matrix form and this form is used to analyze both the regression and ANOVA formulations of the general
linear model.
BMGT 434 Introduction to Optimization (3) Prerequisite: MATH220 or MATH140; or equivalent. Recommended: MATH221 or
MATH141. For BMGT majors only. Introduces concepts and techniques of operations research to model and solve business decision
problems, focusing on optimization and commercially available software tools. Models include linear programming, the transportation
and assignment problems, network flow models, and non-linear programming. Emphasis is placed on analyzing business scenarios
and formulating associated decision models.
BMGT 440 Advanced Financial Management (3) Prerequisite: BMGT340. Analysis and discussion of cases and readings relating
to financial decisions of the firm. The application of finance concepts to the solution of financial problems is emphasized.
BMGT 446 International Finance (3) Prerequisite: BMGT340. Financial management from the perspective of the multinational
corporation. Topics covered include the organization and functions of foreign exchange and international capital markets, international
capital budgeting, financing foreign trade and designing a global financing strategy. Emphasis of the course is on how to manage
exchange and political risks while maximizing benefits from global opportunity sets faced by the firm.