Altepeter, Beard, Byars, Campbell, Carlson,
de Magalhaes, Dosch, Ellingson, Hansen, Harmeson, Loyland and Wilde (Chair)

College of Business and Public Administration

The Department of Accountancy has been preparing individuals for careers in business, including professional accounting, since 1927. Faculty have a long-standing tradition of interaction with a wide range of accounting professionals. Department faculty were instrumental in establishing the North Dakota Society of Certified Public Accountants.

Professional accountants face a variety of challenges and opportunities in their careers. To achieve success as a professional accountant, individuals must have a sound foundation in the liberal arts and sciences, a broad general understanding of business, a solid technical base in accounting, and a well developed ability to communicate in oral and written form. The accounting programs offered by the faculty provide the range of experience and knowledge needed for success as a professional accountant. The faculty’s programs also fulfill general University and College of Business graduation requirements.

Mission Statement

The mission of the Department of Accountancy is to prepare individuals for professional careers in accounting and business.

Values Statement

Faculty value:

• High quality teaching, scholarship and professional and public service;
  
• Relevance and innovation in curriculum, instructional methods, scholarship and professional and public service;
  
• Good relationships with our alumni and recruiters;
  
• Interaction with the profession and community;
  
• High standards of professional and ethical conduct;
  
• A climate that fosters continuous improvement.

Vision Statement

Faculty see a future where:

• UND’s Accountancy program is recognized by employers and the general public as the best in the region. When people in the region think of accounting, they will think of UND;
  
• The Accountancy faculty are leaders in the College of Business and Public Administration.

Program Learning Goals

As a result of active participation in the Department’s program(s) of study, accounting graduates will:

1. Understand and be familiar with fundamental business knowledge to include accounting and business terminology, concepts, principles, methods, and procedures.
2. Possess computer skills relevant to entry level accounting professionals.
3. Demonstrate critical thinking skills applicable to accounting and business decisions.
4. Understand the need to continually acquire knowledge and skills to effectively address emerging issues and complex business problems.
5. Be able to work effectively individually and in teams, and possess good oral and written communication skills.
6. Be aware of the ethical issues related to business and their chosen profession and career path.

In achieving this mission, faculty place the highest emphasis on teaching and learning. In addition, the importance of scholarly activities and service is recognized by faculty.

Programs

Accountancy faculty offer two programs — the Bachelor of Accountancy (B.Acc.) and the Bachelor of Business Administration with a major in Managerial Finance and Accounting (B.B.A.), offered jointly with the Department of Finance. The B.Acc. program is designed for students interested in becoming Certified Public Accountants (CPA). The CPA is a national designation that requires passage of a qualifying examination. The requirements to sit for the CPA examination are governed by individual states (more about the CPA examination below).

The B.B.A., a joint program in finance and accountancy, provides some flexibility for students to tailor their programs of study. As such, it is designed primarily for individuals interested in becoming a Certified Management Accountant (CMA) or a Certified Financial Manager (CFM). Both the CMA and CFM are national designations that also require the passage of a national examination. Students have the option to emphasize either managerial finance or corporate accounting with the available electives.

BACHELOR OF ACCOUNTANCY
Required 126 credits (36 of which must be numbered 300 or above, and 60 of which must be from a 4-year institution) including:
	I.	General Education Requirements (see University GER listing).
	II.	College of Business and Public Administration Requirements, see College listing and including:
		Acct 200, 201	Elements of Accounting I & II	(6)
		Acct 315	Business in the Legal Environment	(3)
		ISys 117	Personal Productivity with Information Technology	(1)
		ISys 317	Information Systems in Enterprise	(3)
		Econ 201	Principles of Microeconomics	(3)
		Econ 202	Principles of Macroeconomics	(3)
		Econ 210	Intro to Business and Economic Statistics	(3)
		Econ 303	Money and Banking	(3)
		Math 103	College Algebra	(3)
		Math 146	Applied Calculus I	(3)
		Mgmt 300	Principles of Management	(3)
		Mgmt 301	Operations Management	(3)
		Fin 310	Principles of Financial Management	(3)
		Mgmt 475	Strategic Management	(3)
		Mrkt 305	Marketing Foundations	(3)
		Pols 115	American Government I	(3)
		Comm 110	Fundamentals of Public Speaking	(3)
		One course selected from the following:
		Anth 171	Introduction to Cultural Anthropology	(3)
		Psyc 111	Introduction to Psychology	(3)
		Soc 110	Introduction to Sociology	(3)
	III.	The following Major Requirements:
		Acct 218	Advanced Spreadsheet Applications	(3)
		Acct 301, 302	Intermediate Accounting I & II	(4, 3)
		Acct 309	Accounting Information Systems	(3)
		Acct 316	Business Law	(3)
		Acct 320	Accounting for Production	(3)
		Acct 401	Advanced Accounting	(3)
		Acct 405	Assurance Services	(3)
		Acct 411	Business Income Taxation	(3)
		Acct 450	Contemporary Issues in Accounting	(2)
		Two courses selected from the following:
		Acct 312	Fund Accounting	(3)
		Acct 403	Contemporary Accounting Theory	(3)
		Acct 406	Independent Assurance	(3)
		Acct 410	Federal Individual Income Tax	(3)
		Acct 412	Advanced Tax	(3)
		Acct 416	Advanced Business Law	(3)
	IV.	Students must complete at least 90 semester hours of non-accounting courses. Accounting 218 and business law courses are not considered accounting courses for this requirement.
B.B.A. WITH MAJOR IN MANAGERIAL FINANCE AND CORPORATE ACCOUNTING
Required 128 credits (36 of which must be numbered 300 or above, and 60 of which must be from a 4-year institution) including:
	I.	General Education Requirements (see University GER listing).
	II.	College of Business and Public Administration Requirements (see BPA College listing) and including:
		Acct 200, 201	Elements of Accounting I & II	(6)
		Acct 315	Business in the Legal Environment	(3)
		ISys 117	Personal Productivity with Information Technology	(1)
		ISys 317	Information Systems in Enterprise	(3)
		Econ 201	Principles of Microeconomics	(3)
		Econ 202	Principles of Macroeconomics	(3)
		Econ 210	Elementary Business and Economic Statistics	(3)
		Econ 303	Money and Banking	(3)
		Math 103	College Algebra	(3)
		Math 146	Applied Calculus I	(3)
		Mgmt 300	Principles of Management	(3)
		Mgmt 301	Operations Management	(3)
		Fin 310	Principles of Financial Management	(3)
		Mgmt 475	Strategic Management	(3)
		Mrkt 305	Marketing Foundations	(3)
		Pols 115	American Government I	(3)
		Comm 110	Fundamentals of Public Speaking	(3)
		One course selected from the following:
		Psyc 111	Introduction to Psychology	(3)
		Soc 110	Introduction to Sociology	(3)
		Anth 171	Introduction to Cultural Anthropology	(3)
	III.	The following Major Requirements:
		Acct 218	Advanced Spreadsheet Applications	(3)
		Acct 301, 302	Intermediate Accounting I & II	(4, 3)
		Acct 309	Accounting Information Systems	(3)
		Acct 320	Accounting for Production	(3)
		Fin 340	Intermediate Financial Management	(3)
		Fin 350	Financial Statement Analysis	(3)
		Fin 360	Capital Market Financing and Investment Strategies	(3)
		Fin 410	Cases in Managerial Finance	(3)
		At least three upper-division courses selected from Accountancy or Finance		(9)

THE CERTIFIED MANAGERIAL ACCOUNTANT (CMA) EXAMINATION

The Institute of Management Accountants (IMA) establishes the standards or criteria for achieving the CMA designation. While the CMA examination is similar to the CPA examination, the CMA examination concentrates more heavily on corporate accounting and financial analysis.

THE CERTIFIED FINANCIAL MANAGER (CFM) EXAMINATION

The Institute of Management Accountants (IMA) establishes the standards and criteria for achieving the CFM designation. The CFM examination is very similar to the CMA examination except that the CFM examination is more focused on finance issues.

For more information regarding any of the above certifications, please visit the website of the sponsoring organization.

As a result of changing work conditions, both programs of study should be considered as minimums necessary for future success in the chosen designation.

Courses

200. Elements of Accounting I. 3 credits. Basic principles of the complete accounting cycle. F, S

201. Elements of Accounting II. 3 credits. Prerequisite: Acct 200 or Acct 275. Special emphasis on partnership, corporate accounting, and the uses of accounting information by managers. F, S

218. Advanced Spreadsheet Applications. 3 credits. Prerequisites: Acct 201 and ISys 117. Corequisite: Acct 201. Advanced techniques in computer spreadsheet applications. F, S
275. Accounting for Pre-MBA. 3 credits. No credit allowed to students who have completed Acct 201. Financial and managerial accounting concepts and practices oriented towards the decision maker. F, S

301. Intermediate Accounting I. 4 credits. Prerequisite: Acct 201 and prerequisite or corequisite: Acct 218; Sophomore, Junior or Senior Standing; declared and pre-CoBPA majors only. Concepts, time value of money, current assets, current liabilities, plant and equipment, and intangibles. F, S

302. Intermediate Accounting II. 3 credits. Prerequisites: Acct 301; Junior or Senior Standing; declared CoBPA majors only. Corporations, long-term liabilities, investments, statement analysis, and cash flow statement. F, S

309. Accounting Information Systems. 3 credits. Prerequisites: Acct 301; Junior or Senior Standing; declared CoBPA majors only. The application of systems design and use from the accountant’s perspective. Coverage includes computerized and manual accounting systems, elements of internal control, flowcharting, and the interface of accounting and management information systems. F, S

312. Fund Accounting. 3 credits. Prerequisites: Acct 201 and 218; Junior or Senior Standing; declared CoBPA majors only. Financial accounting, control, and reporting for governmental and not-for profit entities. F, S

320. Accounting for Production. 3 credits. Prerequisites: Acct 201 and prerequisites or corequisites Acct 218; Sophomore, Junior or Senior Standing; declared and pre-CoBPA majors only. Principles and techniques used to account for and analyze costs incurred to produce products or services. F, S

380. International Accounting. 3 credits. Prerequisites: Acct 201; Junior or Senior standing; declared CoBPA majors only. Topics include comparative accounting systems, environmental influences on accounting, international financial statement analysis, foreign currency transactions, international standards harmonization, international taxation, transfer pricing, and multinational performance evaluation. S

397. Cooperative Education. 1-12 credits; may be repeated to a total of 12 credits. Prerequisites: Acct 301, 320; minimum 2.70 GPA overall; approval of the Director of Accounting Cooperative Education. On the job compensated work experience in various areas of Accounting. S-U grading only. F, S, SS

401. Advanced Accounting. 3 credits. Prerequisites: Acct 302; Junior or Senior Standing; declared CoBPA majors only. Special problems in accounting including consolidated statements, partnerships, and foreign exchange. F, S

403. Contemporary Accounting Theory. 3 credits. Pre- and corequisites: Acct 401 or consent of instructor; declared CoBPA majors only. A study of the emerging issues and the problems facing the accounting profession with special emphasis on the authoritative pronouncements as designated by the American Institute of CPAs and the Financial Accounting Standards Board. S-U grading not allowed. F, S

405. Assurance Services. 3 credits. Prerequisites: Acct 302, 309, Econ 210; Junior or Senior Standing; declared CoBPA majors only. Explores methods of improving the quality of information or its context for decision makers. Examples include assurances on the reliability of financial statements, the processes and controls used to manage and operate businesses, assertions and agreements made to third parties, and regulatory compliance. F, S

406. Independent Assurance. 3 credits. Prerequisites: Acct 405 or consent of instructor; declared CoBPA majors only. Auditing and assurance theory as applied by independent accountants. F, S

410. Federal Individual Income Tax. 3 credits. Prerequisites: Acct 201; Junior or Senior Standing; declared CoBPA majors only. Federal income tax relating to individuals to include the more complex tax situations. A computerized individual income tax preparation is used as a part of the course. F, S

411. Business Income Taxation. 3 credits. Prerequisites: Acct 302; Senior Standing; declared CoBPA majors only. Federal income tax relating to corporations and partnerships. Introduction to estate and gift tax and fiduciary income tax. F,S

412. Advanced Tax. 3 credits. Prerequisites: consent of instructor; declared CoBPA majors only. Unified transfer tax, trusts and estates, other contemporary topics as appropriate, and techniques of tax research. S

450. Contemporary Issues in Accounting. 2 credits. Prerequisites: Acct 302, 405; Senior Standing; declared CoBPA majors only. Corequisite: Acct 405. A critical analysis of contemporary issues in accounting. Written and oral presentations are required.

494. The Literature of Accounting. 1-3 credits, repeatable to 6 credits. Prerequisite: consent of instructor; declared CoBPA majors only. Directed studies in the recognized journals, periodicals, and professional publications of the field.