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. MNGT 481 requires senior standing and completion of FIN 331, MKTG 341, MNGT 361, EBTM 365, and BUSX 301. MNGT 481 is only taught during the fall and spring semesters.
Students also take a comprehensive accounting exam which is 10 percent of their grade in ACCT 421.
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|
|ACCT 201||PRINCIPLES OF FINANCIAL ACCOUNTING||3|
|or ACCT 211||HONORS ACCOUNTING PRINCIPLES I|
|ACCT 202||PRINCIPLES OF MANAGERIAL ACCOUNTING||3|
|or ACCT 212||HONORS ACCOUNTNG PRINCIPLES II|
|ECON 201||MICROECONOMIC PRINCIPLES||3|
|or ECON 203||HONORS MICROECONOMIC PRINCIPLES|
|ECON 202||MACROECONOMIC PRINCIPLES||3|
|or ECON 204||HONORS MACROECONOMIC PRINCIPLES|
|LEGL 225||LEGAL ENVIRONMENT OF BUSINESS||3|
|Select one of the following:||3|
|STATISTICS FOR BUSINESS AND ECONOMICS I|
|HONORS BASIC STATISTICS|
|Upper-Level Accounting Courses Required for Admission to the Major|
|At least two of the following courses must be taken at Towson University:|
|ACCT 301||INTERMEDIATE ACCOUNTING I||3|
|ACCT 302||INTERMEDIATE ACCOUNTING II||3|
|ACCT 341||MANAGEMENT ACCOUNTING I||3|
|or ACCT 361||TAX ACCOUNTING I|
|Additional Required Business Courses|
|BUSX 301||BUSINESS COMMUNICATIONS||3|
|EBTM 250||PROBLEM SOLVING IN BUSINESS I||1|
|EBTM 251||PROBLEM SOLVING IN BUSINESS II||1|
|BUSX 460||PROFESSIONAL EXPERIENCE||3|
|EBTM 350||BUSINESS ANALYTICS||3|
|EBTM 365||PRINCIPLES OF OPERATIONS MANAGEMENT||3|
|FIN 331||PRINCIPLES OF FINANCIAL MANAGEMENT||3|
|MKTG 341||PRINCIPLES OF MARKETING||3|
|MNGT 361||LEADERSHIP AND MANAGEMENT||3|
|MNGT 481||STRATEGIC MANAGEMENT||3|
|Select one of the following international courses:||3|
|SURVEY OF INTERNATIONAL ECONOMICS|
|GLOBAL FINANCIAL MANAGEMENT|
|INTERNATIONAL BUSINESS: THEORY AND PRACTICE|
|Other Required Courses|
|COMM 131||PUBLIC SPEAKING||3|
|LEGL 226||BUSINESS LAW||3|
|MNGT 482||BUSINESS ETHICS AND SUSTAINABILITY||3|
|or PHIL 371||BUSINESS ETHICS|
|Additional Required Upper-Level Accounting Courses|
|ACCT 300||ACCOUNTING INFORMATION SYSTEMS||3|
|ACCT 303||INTERM ACCT III||3|
|ACCT 361||TAX 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 401||AUDITING I||3|
|ACCT 421||ADVANCED ACCOUNTING||3|
|Select two of the following:||6|
|TAX ACCOUNTING II|
|GOVERNMENTAL AND NOT-FOR PROFIT ACCOUNTING|
|INTERNATIONAL ACCOUNTING (not applicable if taken as international course requirement)|
|MANAGEMENT ACCOUNTING II|
|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|
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.
|Term 1||Units||Term 2||Units|
|ACCT 201 or 211||3||ACCT 202 or 212||3|
|ECON 202 or 204 (Core 6)||3||ECON 201 or 203||3|
|ECON 205, MATH 231, or MATH 233 (Core 3)||3||COMM 131 (Core 5)||3|
|Core 1 (or Core 2)||3||Core 2 (or Core 1)||3|
|Core 7||4||Core 8||3-4|
|Term 1||Units||Term 2||Units|
|ACCT 301||3||ACCT 302||3|
|ACCT 341||3||ACCT 361||3|
|EBTM 250||1||LEGL 226||3|
|EBTM 251||1||MKTG 341||3|
|LEGL 225||3||Core 10||3|
|Term 1||Units||Term 2||Units||Summer||Units|
|ACCT 303||3||ACCT 300||3||BUSX 460||3|
|FIN 331||3||EBTM 350||3|
|MNGT 361||3||MNGT 482 or PHIL 371 (Core 14)||3|
|BUSX 301 (Core 9)||3||Core 11||3|
|Free Elective||3||International Elective||3|
|Term 1||Units||Term 2||Units|
|ACCT 401||3||ACCT 421||3|
|ACCT Elective||3||ACCT Elective||3|
|EBTM 365||3||MNGT 481||3|
|Core 12||3||Core 13||3|
|Total Units 120-121|
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)
- Our graduates will possess knowledge of core accounting principles and methods.
- Our graduates will possess broad knowledge of general business concepts equivalent to business majors.
- Our graduates will be able to define key components of countries business environments and differentiate between effective and ineffective global business strategies.
- Our graduates will be able to develop, measure, analyze, validate and communicate financial and other information.
- Our graduates will be able research and analyze tax laws and write a memorandum articulating a position/recommendation.
- Our graduates will be able to understand and utilize software programs to prepare an audit report with work papers.
- Our graduates will have a comprehensive understanding of the accounting cycle through manual recording, processing of transactions, and use of worksheets.
- Our graduates will be able to use mid-range accounting software to process automated transactions and produce financial statements and supporting schedules.
- Our graduates will identify red flags that may indicate unethical and/or fraudulent behavior.
- Our graduates will apply ethics in business decision making, considering the impact on multiple stakeholders and the importance of ethical behavior.