Accounting Degree Programs

Accounting is an essential function in any well-managed organization. From small non-profits to government agencies and large multinational corporations, managing and accounting for scarce financial resources requires professionals with a solid foundation in accounting principles. This degree prepares a student for a career as a professional accountant, budget analyst, auditor, fiscal analyst or comptroller in the private or public sectors The Bachelor of Science degree in Accounting in Sage After Work is a completer program. Students who enter this program have already done some college-level work and are prepared to pursue a Bachelors degree. Required introductory level courses will normally have been completed and transferred in, but when that is not the case a Sage academic advisor will describe convenient alternatives for completing these courses. This innovative program provides students with flexible and convenient modes of delivery designed to meet the needs of working adults. Students have the option of carrying a full course load and moving through the program at an accelerated pace, or of moving through at any speed that is comfortable. To best fit the needs of busy students, Sage After Work provides a selection of courses, many of them web-enhanced, in evening and weekend formats, delivered over a full 15-week semester, over a half semester with reduced seat-time, or entirely online. This makes it possible for an evening student to take as many as four or five courses per semester without spending more than two or three nights a week in a classroom and to accumulate up to 45 semester credits in a year (3 semesters), or 60 credits in as little as 16 months. Highly motivated students can finish their degrees in much less time than it takes in a traditional (30 credit per year) college program. When you complete the accounting curriculum, you will qualify for admission to the Certified Public Accountant National Exam. The accounting curriculum is registered with the Division of Professional Education of the New York State Education Department.

The new five-year B.B.A./M.B.A. degree program provides focused and high-achieving undergraduate students, who are intent upon building their resumes, skill-sets and business judgment, a chance to earn both an undergraduate and graduate degree in a compressed timeframe.

With the help of supervised internships and specific coursework in career preparation, leadership skills and business ethics, the program becomes a fast-track into the business community. The program helps students develop personal values that contribute to successful careers, intellectual growth and personal satisfaction.

Students in this program:
Accelerate completion of the Loyola M.B.A. by starting coursework as an undergraduate senior and completing it in only one additional year
Enhance their resumes through supervised career preparation and internships
Enjoy the support of accomplished faculty members and a network of distinguished alumni throughout their professional careers
Course Sequence
Degree Requirements
Degree Requirements

In addition to completing the requirements for the B.B.A., students must complete requirements for the M.B.A. degree. Loyola’s standalone M.B.A. requires 18 courses plus an internship. In the five-year combined degree program, because five M.B.A. courses may be waived with a “B” or better in selected undergraduate courses, the M.B.A. portion of the combined degree may only require 14 courses.

In addition to earning five course waivers, qualified students may substitute up to three advanced courses for M.B.A. core courses. The breakdown of required and elective courses within the 14 courses varies based on course waivers and advanced course standing. A Graduate School of Business academic advisor will approve course waivers and substitutions upon admission to the M.B.A. program.
Required courses Can be waived with a “B” or better in the following courses
ACCT 400. Financial Accounting ACCT 201 and ACCT 202
ISOM 490. Business Modeling MATH 131
ISOM 491. Managerial Statistics ISOM 241 or appropriate statistics class
ECON 420. Managerial Economics ECON 201, 202, 303 or 304 (at least two)
An additional M.B.A. core course, in the major area Major in marketing, management, information systems or finance

Course Sequence

A typical course sequence for a Loyola B.B.A./M.B.A. student is as follows:2nd Semester, Loyola Senior Year
M.B.A. elective for the undergraduate major
M.B.A. core
Summer Quarter Following Loyola Graduation
M.B.A. internship career preparation workshop
M.B.A. core
M.B.A. core
Fifth Year, Fall Quarter
M.B.A. elective
M.B.A. elective
M.B.A. elective
Fifth Year, Winter Quarter
M.B.A. elective
M.B.A. elective
M.B.A. ethics course
Fifth Year, Spring Quarter
M.B.A. elective
M.B.A. elective
MGMT 430. Capstone Course

This sequence allows accountancy majors to design an individualized plan of study that meets their career goals. In addition to the required accounting courses, students complete twelve hours in a specialized area with advice and approval of the accounting academic advisor and the department chair. This sequence is designed to help students with a specific career interest tailor their accountancy curriculum toward a specific industry or the non-profit sector.

Plan of Study
Suggested plans of study are developed by academic advisors to show students what a typical semester by semester progression might look like for majors in the College of Business.

Graduation Checklist
Checklists are created by academic advisors to show the academic requirements for each major in the College of Business. Checklists are listed by major and catalog year.

With demand for accounting majors growing rapidly, career opportunities abound in a wide ranging array of occupations. Lewis accounting graduates are highly sought by all types of Chicago area businesses. Because of the high demand, the University often cannot meet the needs of organizations that request our graduates on a regular basis. Besides the traditional career track of Certified Public Accountant (CPA), graduates may work as actuaries, auditors, IRS investigators, loan administrators, tax specialists or chief financial officers. There are other career paths for accountancy majors that might not appear so obvious. These could include FBI agent, commodities trader, CIA agent, benefits administrator, international trade specialist, and many others. The accounting field has also seen tremendous growth in the number of women entering the field. Currently, 56 percent of all CPAs are women.

For students who choose to pursue a career as a licensed CPA many programs require that students take the equivalent of five years of accounting. At Lewis, if students follow a carefully planned course projection sheet with their academic advisor, they can successfully plan a fouryear accounting degree program. A student may also select an option within the MBA program specifically targeted towards those preparing for the CPA exam. By choosing this five-year track, a student would graduate with an MBA, and be qualified to take the CPA exam.

The program in accounting offers the Bachelor of Science degree in accounting. Majors receive an excellent foundation for seeking professional certification as a Certified Public Accountant or Certified Management Accountant. The accounting curriculum prepares students for careers in public accounting, government, industry, or finance. The curriculum includes an array of introductory, intermediate, and advanced accounting topics integrated with courses in business and other supporting fields.

Many Accounting majors use their free electives to complete a second major in Business Administration, complete professional internships with one of the numerous public accounting firms or corporations in the area, or study abroad. Working diligently with the Department faculty serving as their academic advisor, all three of these enhancements to a typical college experience can be accomplished without delaying graduation.

If you have an FEB Bachelor’s degree in Business Administration, International Business or Business Studies including the courses Intermediate Management Accounting and either Intermediate Financial Accounting or Comparative Financial Accounting you will have direct access to the Master’s programme in Accounting. If you have an FEB bachelor degree in Informatiemanagement you can also be admitted to this programme if you have the additional courses Financiering 2, Accounting 2, Intermediate Financial Management and Intermediate Management Accounting.

Also, if you have finished your premaster in Accounting, you can enter into the Master’s programme in Accounting.

If you meet these requirements and you wish to apply for the MSc in Accounting, please follow the Application procedure for FEB bachelors and premasters.

If you do not meet these criteria, please make an appointment with your Academic Advisor to discuss your options.

University bachelors in Business
In order to have access to the Master’s programme in Accounting, you need a solid basis in the following areas:
Mathematics and Statistics (18 ECTS)
Academic Training (24 ECTS)
Economics (12 ECTS)
Management or Marketing (12 ECTS)
Finance (12 ECTS)
Accounting (24 ECTS)
If you meet these requirements, you have a good chance of being accepted to the Master’s programme in Accounting. If you wish to apply for this programme, please note that there are different procedures for Dutch students and international students.
Procedure for Dutch students*
Procedure for international students
* Dutch students with a Bachelor’s degree from a university outside the Netherlands, please follow the procedure for international students

GRADUATE PROGRAMS
The School of Business offers a Masters in Business Administration (MBA) degree and a number of graduate certificates. Junior and senior undergraduates may qualify to take a graduate course, although special permission is required. Graduate courses are courses numbered at or above the 500 level; descriptions appear in the Graduate catalogue.

Mission Statement of the School of Business
Changing business through education, one student at a time.

POLICIES
18 Credit Rule for Majors
For students earning a major, a minimum of 18 credits in Business courses numbered 300 or above must be earned at Edgewood College.

12 Credit Rule for Minors
For students earning a minor, a minimum of 12 credits in Business courses must be earned at Edgewood College.

Business Residency Rule
Once enrolled at Edgewood College, all coursework to be applied to a Business major or minor must be taken at Edgewood College. Exceptions to this rule will occur only in extreme circumstances and require prior written permission of both the student’s academic advisor and the School of Business Dean.

Prerequisites for Courses
All Business courses numbered above 300 have the following prerequisites:
ENG 110 College Writing
Prior completion of 40 credits Note: Accounting courses are exempt from the 40- credit prerequisite

Specific courses have prerequisites that must be satisfied prior to enrollment. See course descriptions in the catalogue.

During their junior year, students must complete the Declaration of Major form with assistance from their advisor, and submit it to the Registrar.

Certified Public Accountant (CPA) Exam
The requirements to sit for the CPA exam include the completion of 150 credits of college coursework. This requirement may be met one of these ways:
Completing both a Bachelors Degree in Accounting and a Master of Science in Accountancy
Completing both a Bachelors Degree in Accounting and a Master of Business Administration
Completing a Bachelors Degree in Accounting and additional coursework.

Graduate School
Most graduate programs require a course in business calculus prior to beginning graduate study. It is recommended that students who may apply to graduate school take the graduate course BUS 502 Business Analysis in either their junior or senior year. Taking the BUS 502 course as an undergraduate will avoid delaying a graduate program.

The Texas MPA is a top-ranked graduate accounting program that will give you a broad business foundation, in-depth accounting knowledge and hands-on experience. The Texas MPA has a 60-year history of preparing students for careers in just about any business setting, including
Public Accounting
Industry
Investment Banking and other Financial Services
Consulting
Public service, including government and nonprofit
Entrepreneurship

As a Texas MPA, you’ll join motivated, ambitious classmates, learn from outstanding professors and interact with professionals in the field. Your academic advisors and career consultants will be with you every step of the way as you plan your coursework and set out on your job search.

Tailor your MPA degree plan to fit your specific career goals by choosing one of four tracks:: financial reporting and assurance; tax; managerial accounting and control; and generalist.

You and your academic advisor can also plan your coursework so that you will be eligible to sit for the CPA exam by the time you complete the Texas MPA program (depending on the state in which you intend to sit for your exam). And, most Texas MPAs accept a job offer before they graduate.

A PASSING SCORE OR EXEMPTIONS ON ALL SECTIONS OF THE CLAST IS REQUIRED FOR THE ASSOCIATE IN ARTS DEGREE

GENERAL EDUCATION DEGREE REQUIREMENTS (PLEASE SEE NEXT PAGE)
( ) *ENC1101 3 CREDITS
( ) *ENC1102 or *ENC2210 3 CREDITS
( ) SPC1024 or SPC1600 3 CREDITS
( ) HUMANITIES 3 CREDITS
( ) HUMANITIES 3 CREDITS
( ) ECO2013 3 CREDITS
( ) HISTORICAL,POLITICAL AND GLOBAL PERSPECTIVES 3 CREDITS
( ) BIOLOGICAL SCIENCE 3 CREDITS
( ) PHYSICAL SCIENCE 3 CREDITS
( ) *SCIENCE LAB 1 CREDIT
( ) HLP1081 or PEM1131 or
PEM1141 2 CREDITS
( ) *MAC2233 3 CREDITS
( ) *STA2023 3 CREDITS

TOTAL GENERAL EDUCATION DEGREE REQUIREMENTS 36 credits
OTHER DEGREE REQUIREMENTS

(Should include completion of the combination of University
pre requisites and Institutional recommendations for a total of 24
credits)

UNIVERSITY REQUIRED PREREQUISITES
( ) ACG2001 3 CREDITS
( ) ACG2011 3 CREDITS
( ) ACG2071 3 CREDITS
( ) CGS1060C 3 CREDITS
( ) ECO2023 3 CREDITS

+ STA2023 or QMB2100.STA2023 will meet the GORDON RULE MATH
requirement listed in the GENERAL EDUCATION section. See an Academic
Advisor or Counselor for clarification.

ADDITIONAL INSTITUTIONAL RECOMMENDATIONS TO COMPLETE REQUIRED 24 CREDITS

( ) +ANY TRANSFERABLE COLLEGE LEVEL COURSE 10 CREDITS

+ Mathematics choice will affect credit requirement in this area.
See an Academic Advisor or Counselor for clarification

Our Master of Science in Accounting program emphasizes the technical knowledge and the necessary skills and abilities to succeed in an accounting career, and is one of only 168 programs in the world with separate accounting accreditation from AASB International. The MS Accounting graduate meets the requirements necessary to sit for the Certified Public Accountants (CPA) exam. This degree prepares graduates for multiple career opportunities in accounting such as: auditing, forensic accounting, information technology services, financial accounting, financial analysis, internal auditing, managerial accounting and tax planning. An information systems track is available within this program. A student who has no prior academic work in business would most likely have to take each of the courses listed below. Students however may have prior academic work which will allow them to waive some of these courses. Each student’s degree plan is prepared taking into consideration the student’s prior academic work. The student must complete at a minimum 36 semester hours. Please contact an academic advisor for more information about preparation of a degree plan.