Accounting Program

The undergraduate Accounting major is a 120-unit program. The program provides transition to our specialized M.S. in Accounting and Business ­Advisory Services, which is designed to complete the 150 credit hours to sit for the Uniform Certified Public Accountant (CPA) exam in Maryland and many other states.

Requirements for the Accounting Major are set forth below.

All major course requirements must be completed with a grade equivalent of 2.00 or higher.

In order to assure that students have retained ­critical information from prior courses, students take a comprehensive examination on business content as part of the capstone course, MNGT 481. The results of this examination serve as 10 percent of the MNGT 481 grade. Students also take a comprehensive accounting exam which is 10 percent of their grade in ACCT 421.

Accounting Major

Accounting is a screened major.  Admission to the Accounting major requires:

  • An average GPA of 2.7 or higher in the six lower level business courses (listed below).
  • An average GPA of 2.7 or higher in the three upper-level accounting courses required for admission to the major (listed below) 
  • A cumulative GPA of 2.30 or higher in all course work.

 A grade of C or higher is necessary for each course required for admission.

Lower-Level Business Courses Required for Admission to the Major (18 Units)
ACCT 201PRINCIPLES OF FINANCIAL ACCOUNTING3
or ACCT 211 HONORS ACCOUNTING PRINCIPLES I
ACCT 202PRINCIPLES OF MANAGERIAL ACCOUNTING3
or ACCT 212 HONORS ACCOUNTNG PRINCIPLES II
ECON 201MICROECONOMIC PRINCIPLES3
or ECON 203 HONORS MICROECONOMIC PRINCIPLES
ECON 202MACROECONOMIC PRINCIPLES3
or ECON 204 HONORS MACROECONOMIC PRINCIPLES
LEGL 225LEGAL ENVIRONMENT OF BUSINESS3
Select one of the following:3
STATISTICS FOR BUSINESS AND ECONOMICS I
BASIC STATISTICS
HONORS BASIC STATISTICS
Upper-Level Accounting Courses Required for Admission to the Major (9 Units)
At least two of the following courses must be taken at Towson University:
ACCT 301INTERMEDIATE ACCOUNTING I3
ACCT 302INTERMEDIATE ACCOUNTING II3
ACCT 341MANAGEMENT ACCOUNTING I3
or ACCT 361 TAX ACCOUNTING I
Additional Required Business Courses (29 Units)
BUSX 301BUSINESS COMMUNICATIONS3
EBTM 250PROBLEM SOLVING IN BUSINESS I1
EBTM 251PROBLEM SOLVING IN BUSINESS II1
BUSX 460PROFESSIONAL EXPERIENCE3
EBTM 350BUSINESS ANALYTICS3
EBTM 365PRINCIPLES OF OPERATIONS MANAGEMENT3
FIN 331PRINCIPLES OF FINANCIAL MANAGEMENT 13
MKTG 341PRINCIPLES OF MARKETING3
MNGT 361LEADERSHIP AND MANAGEMENT3
MNGT 481STRATEGIC MANAGEMENT3
Select one of the following international courses:3
INTERNATIONAL ACCOUNTING
SURVEY OF INTERNATIONAL ECONOMICS
GLOBAL FINANCIAL MANAGEMENT
GLOBAL MARKETING
INTERNATIONAL BUSINESS: THEORY AND PRACTICE
Other Required Courses (9 Units)
COMM 131FUNDAMENTALS OF SPEECH COMMUNICATION3
LEGL 226BUSINESS LAW3
PHIL 371BUSINESS ETHICS3
Additional Required Upper-Level Accounting Courses (15 Units)
ACCT 300ACCOUNTING INFORMATION SYSTEMS3
ACCT 303INTERM ACCT III3
ACCT 361TAX ACCOUNTING I (Either ACCT 341 or ACCT 361 can be used for admission to Major; the remaining course is one of the additional required upper-level Accounting courses.)3
or ACCT 341 MANAGEMENT ACCOUNTING I
ACCT 401AUDITING I3
ACCT 421ADVANCED ACCOUNTING3
Accounting Electives (6 Units)
Select two of the following:6
TAX ACCOUNTING II
AUDITING II
GOVERNMENTAL AND NOT-FOR PROFIT ACCOUNTING
INTERNATIONAL ACCOUNTING (not applicable if taken as international course requirement)
MANAGEMENT ACCOUNTING II
Free Elective (3 Units)
While this elective may be taken from any discipline, it is recommended that students take an additional Accounting elective from above or any of these recommended courses.3
ACCOUNTING INTERNSHIP Accounting Internship is recommended but not required. It may be taken for 1 to 3 units. ACCT 497 and BUSX 460 cannot be taken in the same term. ACCT 497 must be a different experience than BUSX 460.
ENTERPRISE INFORMATION SYSTEMS
WRITING FOR BUSINESS AND INDUSTRY
INVESTMENTS AND EQUITY SECURITY ANALYSIS
FINANCIAL MODELING IN CORPORATE FINANCE
FUNDAMENTALS OF FINANCIAL PLANNING
BUSINESS ETHICS AND SUSTAINABILITY
Total Units89
1

ACCT majors are required to complete the Bloomberg Essentials Certification for Equities prior to graduation.

Suggested Four-Year Plan

Based on course availability and student needs and preferences, the selected sequences will probably vary from those presented below. Students should consult with their adviser to make the most appropriate elective choices.

Freshman
Term 1UnitsTerm 2Units 
ACCT 201 or 2113ACCT 202 or 2123 
ECON 202 or 204 (Core 6)3COMM 131 (Core 5)3 
ECON 205 or MATH 231 (Core 3)3ECON 201 or 203 (Core 6)3 
TSEM 102 (Core 1)3ENGL 102 (Core 2)3 
Core 43Core 83 
 15 15 
Sophomore
Term 1UnitsTerm 2Units 
ACCT 3013ACCT 3023 
ACCT 3413ACCT 3613 
EBTM 2501BUSX 301 (Core 9)3 
EBTM 2511LEGL 2263 
LEGL 2253MKTG 3413 
Core 74  
 15 15 
Junior
Term 1UnitsTerm 2UnitsSummerUnits
ACCT 3033ACCT 3003BUSX 4603
FIN 3313EBTM 3503 
MNGT 3613MNGT 482 (Core 14)3 
Core 103Core 113 
Free Elective3International Elective3 
 15 15 3
Senior
Term 1UnitsTerm 2Units 
ACCT 4013ACCT 4213 
ACCT Elective3ACCT Elective3 
EBTM 3653MNGT 4813 
PHIL 3713Core 133 
Core 123  
 15 12 
Total Units 120

For a description defining each of the 4 learning goals in relation to the 10 separate learning objectives (outcomes) listed below, see Accounting Program Goals & Learning Objectives document at the end of this webpage)

  1. Our graduates will possess knowledge of core accounting principles and methods.
  2. Our graduates will possess broad knowledge of general business concepts equivalent to business majors.
  3. Our graduates will be able to define key components of countries business environments and differentiate between effective and ineffective global business strategies.
  4. Our graduates will be able to develop, measure, analyze, validate and communicate financial and other information.
  5. Our graduates will be able research and analyze tax laws and write a memorandum articulating a position/recommendation.
  6. Our graduates will be able to understand and utilize software programs to prepare an audit report with work papers.
  7. Our graduates will have a comprehensive understanding of the accounting cycle through manual recording, processing of transactions, and use of worksheets.
  8. Our graduates will be able to use mid-range accounting software to process automated transactions and produce financial statements and supporting schedules.
  9. Our graduates will identify red flags that may indicate unethical and/or fraudulent behavior.
  10. Our graduates will apply ethics in business decision making, considering the impact on multiple stakeholders and the importance of ethical behavior.