2024-2025 Catalog 
  
    May 29, 2024  
2024-2025 Catalog

Accountancy - Finance (ACCF-BS-BU), B.S.

Location(s): Ferris Main Campus


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Bachelor of Science

The Accountancy program is a professional, career-oriented course of study. Students often take staff accountant positions in industry or public accounting upon graduation as well as pursue professional certification.

Unlike other universities, our bachelor’s degree covers all of the content required to sit for the Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Management Accountant (CMA), and Certified Fraud Examiner (CFE) exams. Ferris faculty bring real-world experience to the classroom and a spectrum of certifications in these areas.

The Accountancy/Finance dual degree is unique and prepares students for interdisciplinary careers that require an understanding of accounting and finance. The additional credits required for the dual degree can help students seeking to fulfill the 150-hour requirement for CPA licensure.

The Bachelor of Science in Accountancy is accredited by the Accreditation Council for Business Schools & Programs (ACBSP).

Program Outcomes


  1. Summarize the economic consequences of business activities to inform decision makers in complex economic environments supported by generally accepted accounting principles.
  2. Adhere to the ethical requirements of the profession and be able to make value-based decisions by identifying ethical issues and formulating well founded ethical judgments in the practice of accounting.
  3. Evaluate economic effects of business transactions and identify assumptions, extraneous information, reasoning, and evaluation of arguments.
  4. Present and defend their interpretations through formal and informal, written, and oral presentation using appropriate technology.
  5. Finance majors will be able to use and apply financial theories and their analytical techniques in analyzing and solving financial problems. They will be able to: (a) assess a firm’s financial condition and financial needs; (b) demonstrate the concept of time-value of money in making financial decisions; (c) demonstrate the concept of risk-return trade-off in making financial decisions and valuing securities; (d) demonstrate an understanding of the capital budgeting process and the basic tools used to evaluate investments and their limitations.
  6. Finance majors will be able to obtain useful financial information from various sources and utilize them in making financial decisions. They will be able to: (a) get financial information from various sources. (i.e., from the library, from proprietary financial sources such as Mergent online, Standard and Poor’s, and from internet sources such as YahooFinance, Moneycentral.MSN, Morningstar, Bloomberg); (b) evaluate the financial data obtained to determine if they are credible and appropriate to use in a particular situation; (c) use the financial data in a form that will help them solve specific financial problems.
  7. Finance majors will be able to use computer technology to access, process and analyze financial data. They will be able to: (a) download the required data from the internet in a form needed (i.e. excel format, word format) that is complete and usable; (b) use downloaded information and data in Microsoft Excel to evaluate and solve problems in several content areas (time value of money, financial planning, capital budgeting, investment decisions, or risk/return trade-off); (c) use Microsoft Excel financial functions and graphing capability to create spreadsheet financial models to solve specific problems in several content areas (time value of money, financial planning, capital budgeting, investment decisions, or risk/return trade-off) and display results.

Admission Requirements


New Student Admission Requirements


2.50 High School GPA (on a 4.00 scale)

  • SAT Scores Two of the Three Criteria:
    1. ERW SAT score of 450 or higher.
    2. Math SAT score of 500 or higher. Placement in MATH 109  or MATH 110  will be considered (Math SAT score of 480 or higher).
    3. Composite SAT of 900 or higher.
  • ACT Scores Two of the Three Criteria:
    1. English ACT score of 16 or higher.
    2. Math ACT score of 19 or higher.
    3. Reading ACT score of 19 or higher.

Transfer Student Admission Requirements


  • Combined college or university GPA of 2.35 (on a 4.00 scale) from all institutions attended. GPA based on completion of 12 credit hours or more. Developmental courses will not be considered in computing the GPA requirement.
  • Transfer equivalency for Ferris State University’s ENGL 150  or placement during the first semester at Ferris State University which would require an English ACT score of 16 or higher; or ERW SAT score of 450 or higher; or English Accuplacer score of 6 or higher.
  • Transfer equivalency for Ferris State University’s MATH 114  or MATH 115  or placement during the first semester at Ferris State University which would require a Math ACT score of 19 or higher; Math SAT of 500 or higher; or Math Accuplacer scores: Elementary Algebra score 75 or higher and College Level Math 0 to 49.

University Requirements - 40 to 41 Credits Required


First Year Seminar Requirement (FSUS 100 or Equivalent) - 0 to 1 Credit Required


All First-Time-In-Any-College Freshmen (FTIACs) must complete a one-credit FSUS 100  course, or its equivalent. Additional information and the definition of FTIAC for FSUS purposes can be found in the: Ferris State University Academic Affairs FSUS Policy

University General Education Requirements - 40 Credits Required


Courses in this section are required to satisfy the University General Education Requirements for a bachelor’s degree. The University General Education requirements can be found on the: Ferris State University General Education Requirements Webpage

Communication Competency - 12 Credits Required (or Their Equivalent)


Quantitative Literacy Competency - 4 Credits Required (or Their Equivalent)


  • Choose 1 of 4

  • Credit Hours: 4
  • Official Pre-2016 Math SAT Score of 560 or Higher
  • Official Post-2016 Math SAT Score of 580 or Higher
  • Official Math ACT Score of 24 or Higher

Natural Sciences Competency - 6 Credits Required


Two courses are required with a minimum of 6 credits: must have at least one lab course.

Culture Competency - 9 Credits Required


Three courses are required with a minimum of 9 credits: must be from two different disciplines, have at least one 200 level or higher course, and have no more than 5 credits from Cultural Competency Activities.

Self and Society Competency - 9 Credits Required


Three courses are required with a minimum of 9 credits: must be from two different disciplines and have at least one 200 level or higher course.

United States (U.S.) Diversity Competency - 1 Course Required


If not met by courses taken for Culture Competency, Self and Society Competency, or Michigan Transfer Agreement (MTA), a student must have one course with the United States (U.S.) Diversity attribute. Some courses include both Global and United States (U.S.) Diversity attributes.

Global Diversity Competency - 1 Course Required


If not met by courses taken for Culture Competency, Self and Society Competency, or Michigan Transfer Agreement (MTA), a student must have one course with the Global Diversity attribute. Some courses include both Global and United States (U.S.) Diversity attributes.

Collaboration Competency - Courses Required Met in College Requirements


If not met by courses taken in the College Requirements section, a student must have two courses with the Collaboration attribute. Some courses include both Collaboration and Problem Solving attributes.

Problem Solving Competency - Courses Required Met in College Requirements


If not met by courses taken in the College Requirements section, a student must have two courses with the Problem Solving attribute. Some courses include both Collaboration and Problem Solving attributes.

College Requirements - 92 to 93 Credits Required


Business Core Requirements - 30 Credits Required


These courses are used to calculate the core 2.00 GPA requirement.

Accounting Courses - 24 Credits Required


These courses are used to calculate the major 2.00 GPA requirement.

Finance Courses - 27 Credits Required


These courses are used to calculate the major 2.00 GPA requirement.

Directed Electives - 2 to 3 Credits Required (Advisor Approval)


These courses are used to calculate the major 2.00 GPA requirement.

  • Directed Business Elective - 300 Level or Higher Credit Hours: 2-3 (Advisor Approval, FINC 491  Highly Recommended)

Additional Requirements - 9 Credits Required


These courses are not used to calculate the major 2.00 GPA requirement.

Notes


  • Students who return to the university after an interrupted enrollment, not including summer semester, must normally meet the requirements of the curriculum which are in effect at the time of their return, not the requirements which were in effect when they were originally admitted.
  • Be sure to evaluate the requirements for any professional certification with the appropriate state board.
  • Credit Variance - Credits required may vary based on course placement, prerequisites, etc. If you have questions, contact your advisor.

Graduation Requirements


In order to graduate from Ferris State University, students must meet both University and Programmatic Graduation Requirements.

University Graduation Requirements


These are the minimum graduation requirements for a bachelor’s degree at Ferris State University:

  • All requirements as specified in the University Requirements section must be met.
  • A minimum of 120 credits must be earned.
  • A 2.00 or higher cumulative Ferris State University GPA is required.
  • A minimum of 30 credits must be earned from Ferris State University to meet the Residency requirement.
  • A minimum of 40 credits of 300 level or higher courses must be earned.

Programmatic Graduation Requirements


These are the additional graduation requirements mandated by the program:

  • All requirements as specified in the College Requirements section must be met.
  • A 2.00 or higher cumulative GPA is required in the Business Core Requirements section.
  • A 2.00 or higher cumulative GPA is required in the Accounting Courses, Finance Courses, and Directed Electives sections.

Suggested Semester Layout


Consult Advisor to Approve Your Customized Plan in MyDegree

First Year


Fall Courses


Total Credits: 17-18

Spring Courses


Total Credits: 15

Second Year


Total Credits: 15

Total Credits: 15

Third Year


Total Credits: 15

Total Credits: 15

Summer Courses


Total Credits: 6

Fourth Year


Total Credits: 15

Spring Courses


Total Credits: 14-15

Total Credits: 6

Finance (FINC) Course Offering Timetable


Contact Information


Accountancy, Finance, & Info Systems - College of Business
(231) 591-2434
[email protected]

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