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Accountancy ACCT

Degree Type: Bachelor of Science

College(s): Business

Required Courses  Credit Hours 
BUSINESS CORE
ACCT 201 Principles of Accounting 1 3
ACCT 202 Principles of Accounting 2 3
BLAW 321 Contracts and Sales 3
BUSN 499 Integrating Experience 3
FINC 322 Financial Management 1 3
ISYS 321 Business Information Systems 3
MGMT 301 Applied Management 3
MGMT 370 Quality-Operations Mgmt 3
MKTG 321 Principles of Marketing 3
STQM 260 Introduction to Statistics 3
PUBLIC ACCOUNTING CONCENTRATION
ACCT 310 Intermediate Accounting 1 3
ACCT 312 Intermediate Accounting 2 3
ACCT 321 Cost Accounting 1 3
ACCT 350 Fed Income Tax-Individual 3
ACCT 410 Adv Financial Accounting 1 3
ACCT 412 Adv Financial Accounting 2 3
ACCT 431 ACCT Systems and Controls 1 3
ACCT 441 Auditing 3
ACCT 414 Financial Accounting Theory 3
ACCT 450 Federal Income Tax-Corp 3
ACCT 461 Governmental Accounting 3
BLAW 322 Commercial Paper Secured Trans 2
*Free Electives (Internship is highly recommended) 9
Credits over 124 credit hours can be applied to the 150 credit hour requirement to sit for the CPA exam.
PROFESSIONALLY DIRECTED CONCENTRATION
ACCT 310 Intermediate Accounting 1 3
ACCT 312 Intermediate Accounting 2 3
ACCT 321 Cost Accounting 1 3
ACCT 350 Fed Income Tax-Individual 3
ACCT 431 ACCT Systems and Controls 1 3
ACCT 441 Auditing 3
*ACCT Accounting Electives (300 level or above) 9
*ACCT Accounting/Business Electives (300 level or above) 6
*Free Electives Internship is highly recommended 12
Credits over 124 credit hours can be applied to the 150 credit hour requirement to sit for the CPA exam.
UNIVERSITY GENERAL EDUCATION
Communication Competence
COMM 121 Fundamentals-Public Speaking 3
ENGL 150 English 1 3
ENGL 250 English 2 3
ENGL 325 Advanced Business Writing 3
Scientific Understanding
Science Elective 3
Cultural Enrichment
* Elective (one must be 200 level or above) 9
Lab Science Elective 4
Social Awareness
ECON 221 Principles of Macroeconomics 3
ECON 222 Principles of Microeconomics 3
Social Awareness Elective 3
COLLEGE OF BUSINESS ADDITIONAL GENERAL EDUCATION
General Education Electives (one must be 200 level or above) 6
*Choose one: COMM 221, or
COMM 251, or
COMM 332, or
COMM 336
3
MATH 122 Math Analysis for Business 3
Minimum credit hours required for B.S. degree: 122 - 125
Students interested in meeting the State of Michigan 150 credit hour requirement to sit for the CPA exam may fulfill those requirements by completing either the Masters degree in Information Systems or the Masters in Business Administration Options.
 
Accountancy students must be able to demonstrate competency in ISYS 105 topics or take ISYS 105.

Be sure to evaluate the requirements for any professional certification with the appropriate state board.
 

Why Choose Accountancy?

An accounting education can lead to a highly respected and rewarding career. Accountants routinely earn incomes that are in the top 5 percent of the community in which they may live. If you elect to major in accounting, you may prepare yourself for a variety of accounting careers in industry, government, not-for-profit organizations, and public accounting. Many accountants are self-employed, operating their own business.

Our faculty bring to the classroom, not only relevant academic and real-world experience, but also a spectrum of licensures in areas as diverse as Public Accounting, Management Accounting, Fraud Examination, and Internal Auditing. This enables us to provide employer-applauded levels of breadth and depth, with programming across multiple tracks and concentrations, tailored to individual areas of interest. Of increasing interest are our dual degrees (e.g. Accounting/CIS, and Accounting/Finance); demanding, but producing highly sought-after graduates. For those considering the CPA, we offer a responsive five-year option, providing a BS and MBA, while satisfying the 150 hour educational requirement. Whatever the course of instruction, employers laud the extensive level of preparation our graduates bring to the workplace.

This program is offered at other Ferris State sites such as Dowagiac and Traverse City.

Accountancy Concentrations

The Accountancy program is a professional career-oriented program that offers two concentrations. The Public Accounting concentration prepares a student for a career in public accounting. The Professional Directed concentration is a flexible program that allows students to design their degree to fit their own particular interests.

Our graduates qualify to take the professional accounting examinations such as Certified Public Accountant (CPA), Certified Internal Auditor (CIA), and Certified Management Accountant (CMA). An option offered to meet the State of Michigan 150 hour requirement for becoming a CPA is by attending a fifth year and getting either an MS-ISI or MBA degree from Ferris.

Career Opportunities

According to the Federal Bureau of Labor Statistics, accounting is the fastest growing profession. The job market for Accountancy graduates remains very strong, even during temporary economic downturns. Options include:
* Public accounting-auditing, taxation, and consulting
* Private/industrial accounting- financial and cost accounting
* Governmental/nonprofit accounting-fund accounting
* Forensic accounting-investigative accounting.

Accountants are in high demand by government agencies such as the IRS, FBI and CIA. Accounting also provides an excellent undergraduate background for a law degree.

Graduates are also prepared for advanced study in Accountancy, leading to career opportunities in accounting education. Accounting provides an excellent foundation for non-accounting business careers, including banking, consulting, and small business ownership.

Admission Requirements

New Students:
2.5 high school GPA (on a 4.0 scale) and two of the three criteria below: (1) English ACT score of 16 or higher, or SAT Writing score of 370 or higher; (2) Math ACT score of 19 or higher, or SAT Math score of 460 or higher; (3) Reading ACT score of 19 or higher, or SAT Reading score of 430 or higher.

Transfer Students:
Combined college or university GPA of 2.35 (on a 4.0 scale) from all institutions attended. GPA is based on completion of 12 credit hours or more. Transfer equivalency for FSU ENGLISH 150 or placement during the first semester at FSU which would require an ACT English score of 16 or higher; Compass score 70 – 100. Transfer equivalency for FSU MATH 115 or placement during the first semester at FSU which would require an ACT Math score of 19 or higher; Compass Algebra score 46 - 74 and HS Algebra with 2.0.

Exceptions for New and Transfer Students: Applicants not meeting the above criteria but having a 2.35 High School GPA and at least a 16 ACT in Math or Reading (2.00 Overall GPA for Transfer Students) can be considered for conditional admission in a College of Business Pre-Program. Any mitigating circumstances will be considered on an individual basis by the College of Business Dean’s Office.

Pre-Program students must complete a minimum of 12 FSU credits (excluding developmental courses) with a 2.35 GPA; courses must include ENGL 150 and MATH 115 before being considered for admission into their program of choice. Students must meet admission criteria for their chosen degree program by the time they have earned 30 credits.

More Information:
Additional guidance can be found on the College of Business Webpage under the Admissions tab.

Graduation Requirements

The Accountancy program at Ferris leads to a Bachelor of Science degree. Graduation requires a minimum 2.0 GPA in core classes, in the major and overall.

More Information

Accountancy, Finance, & Info Systems
119 South Street/BUS 212
Big Rapids, MI 49307-2284
Phone: (231) 591-2434
or email AFIS@ferris.edu

The College of Business is accredited by the Accreditation Council for Business Schools and Programs (ACBSP) Next Accreditation Review is February 2018.
http://www.acbsp.org/p/st/ld/&sid=s1_001


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