The Accounting Certificate fulfills one of the major requirements for students who want to take the Certified Public Accountant (CPA) examination. This Certificate also will provide you with a solid accounting foundation for earning other credentials, such as Certified Management Accountant (CMA), Chartered Financial Analyst (CFA), Certified Internal Auditor (CIA) and Certified Financial Planner (CFP).
Effective January 1, 2014, there are new educational CPA licensure requirements.
Required courses include:
Principles of Financial Accounting and Reporting (4 credits)
Explore financial accounting and reporting concepts and procedures used in daily business operations. Examine the use of economic resources, as well as the obligations and activities of financial entities. Learn the use of financial information to analyze the financial health and performance of an enterprise.
Principles of Managerial Accounting (4 credits)
Survey the provisions and use of accounting information by managers within organizations. Understand to make informed business decisions that support financial management and control functions. Topics include: cost behavior, budget and planning, analysis of variance, performance measurement and pricing.
Intermediate Accounting I (4 credits)
An in-depth review of the accounting environment and the nature of accounting information. Learn the time value of money and basic interpretation of financial statements focusing on how enterprises account for assets: cash, accounts receivable, inventories, property and equipment, intangible assets, and long-term investments. Prerequisite: Principles of Financial Accounting and Reporting or equivalent
Intermediate Accounting II (4 credits)
Explore how enterprises account for liabilities and equity accounts, including current and noncurrent liabilities, leases, pensions, income taxes, contributed capital, retained earnings, and stock options. Additional topics include earnings per share, the statement of cash flows, accounting changes, and error corrections. Prerequisite: Intermediate Accounting I or equivalent
Auditing (4 credits)
Survey the purposes, expectations and responsibilities of independent public auditors. Topics include: the audit process, legal liability, ethics, sampling theory, evidence, standards, internal control and reporting. Prerequisite: Principles of Financial Accounting and Reporting or equivalent.
Tax Accounting (4 credits)
Examine how to determine federal and state income tax liability for individuals, corporations and partnerships. Topics include: filing returns, paying taxes, refunds, tax laws, regulations, legal recourse and current issues.
Government and Not-for-Profit Accounting (2 credits)
Learn accounting principles and practices related to state and local government agencies and not-for-profit entities including hospitals, colleges, religious groups and social service organizations. Topics include: fund accounting, basic financial analysis and statements, tax liabilities, budget and planning, and regulatory reporting requirements.