University of Toledo
College of Business Administration
Department of Accounting
George Mutter, Visiting Instructor
Accounting Degrees
 Associate Degree in Accounting Technology
– 2 year Degree
 Bachelor of Business Administration (BBA) in
Accounting
– 4 year degree
 Masters of Science in Accountancy (MSA)
– 30 semester hour program
Beta Alpha Psi
• University of Toledo’s Gamma Epsilon Chapter
chartered in 1966
•Founded in 1919 at the University of Illinois, Urbana.
•Premier professional business and financial information
fraternity
• Recognizes academic excellence
• Provides interaction among students, faculty, and
professionals
Where Accountants Work
 Public Practice
 Business/Industry
 Government
 Non-Profit Organizations
 Colleges/Universities
Careers in Accounting
 Corporate Accounting
 Audit
 Assurance Services
– (E-Commerce, risk assessment, IS assessment)
 Environmental Accounting
– Environmental compliance issues
 Forensic Accounting
– Searches for evidence of criminal conduct






Information Technology Services
International Accounting
Consulting Services
Personal Financial Planning
Tax advisory Service
Accounting Educators
Becoming a CPA
Most requirements are determined by the state/jurisdiction in which you
hope to practice. In general, this is a summary of the steps to CPA
licensure.
Education
Exam
Experience
• Accounting degree
• 150 semester hours
• Apply to sit based on state requirements
• Pass all 4 parts with a 75% or higher
• 1-2 years in accounting
• Under a CPA
Becoming a CPA
 Education requirements
– A baccalaureate degree and 150 semester hours
• 30 semester hours in accounting
• 24 semester hours in business courses other than accounting
 Exam Requirement
– 4 sections (Business, Audit, Regulation and
Financial)
 Experience Requirement
– 1-2 years under a CPA
 Reciprocity between states
Accounting is consistently one of the hottest jobs for new
graduates, according to the National Association of Colleges
and Employers.
Figure 1: Top Jobs for the Class of 2009
Job Function
Teaching
Management Trainee
Financial/Treasury Analysis
Consulting
Sales
Accounting (Public)
Accounting (Private)
Software Design & Development
Registered Nursing
Project Engineering
Source: AICPA
Starting Salary Offer
$35,496
$41,353
$52,043
$56,472
$41,577
$49,437
$45,859
$63,798
$45,229
$58,570
Positions in Demand
By Robert Half International
•Tax Accountants
•Achieve bottom-line savings
•Starting salaries $33,596 - $40,532
•Financial Analyst
•Financial plans, forecasts, budgets and identifying ways to
improve profitability
• Senior and Staff Accountants
•Manage ongoing accounting needs
• Starting salaries $30,562 - $37,498
• 1-3 years experience $34,897 - $46,601
•Business Analyst
•Translate operational and competitive data to improve
decision making
Recent salary ranges in accounting
are:
Recent salary ranges in accounting are:
Big 4 Firm
Overall
Typical
Experience
Entry Level
$55,000
$50,000 - 70,000
First year
Junior Staff Accountant
$46,000 - 63,000
$40,000 - 80,000
1-2 years
Senior Staff Accountant
$65,000-95,000
$70,000
3-5 years
Manager
Senior Manager
$65-140,000
$72-160,000
$85,000
$115,000
5-7 years
7 years plus
Partner
$200,000 - 3,000,000
$150,000
10 years plus
http://careers-in-accounting.com/acsal.htm
Questions?