Degree Type: B.A., B.S.
CIP Code 52.0301
Major Code ACC
Department Code ACC
Degree Website usfsm.edu/programs/accounting/

The objective of the baccalaureate degree program in accountancy is to provide students with accounting and business knowledge that will serve as a basis for careers in industry, government, non-profit organizations and public accountancy.

The baccalaureate program also prepares students for entry into a Masters professional degree program.

The State of Florida, like most states, requires 150 credit hours of education in order to apply for CPA licensure. Questions concerning the CPA examination should be directed to the Florida Board of Accountancy.

Intended Learning Outcomes

The curriculum for the Accounting Major develops the ability to do the following:

  • The ability to understand and apply generally accepted accounting principles to the measurement and reporting of income and financial position for business enterprises.
  • The ability to understand and apply the basic concepts of gross income, taxable income, allowable deductions, tax credits, and asset basis as they relate to individual income taxation embodied in the United States income tax system.
  • An understanding of the principles and operation of well-controlled information systems in a variety of technological environments with added emphasis on the collection, processing, and reporting of accounting information.
  • The ability to develop information and processes to enable managers to estimate the costs of products and services the firm provides, to make routine and strategic resource allocation decisions, and to evaluate the performance of individuals and organizations.
  • An understanding of the independent financial statement auditing function and the professional responsibilities of external auditors and their public accounting firms.
  • Critical thinking and analytical abilities, including the ability to analyze cases, identifying and addressing the relevant issues with critical analysis.
  • The ability to communicate effectively, including the ability to prepare a well-structured recommendation in writing with supported conclusions and recommendations.

Prerequisites

State-Mandated Common Prerequisites

Students must complete the following courses (or equivalents) with a grade of C or higher in each course and an overall 2.00 GPA.

State Prerequisite USFSM Course Offerings
Course Number  Course Number Credit Hours
ACG X021 or ACG X022 or ACG X001 and ACG X011 ACG 2021 3
ACG X071 or ACG X301 ACG 2071 3
CGS X100C, CGS X100, CGS X530, CGS X570, CGS X060, CGS X531, CGS X000, ISM X000, or CGS X518 CGS 2100 3
ECO X013 ECO 2013 3
ECO X023 ECO 2023 3
MAC X233 or MAC X230 MAC 2233 3
STA X023, STA X122,  or QMB X100 STA 2023 3

Required Communication Courses (6 credits)

Students must complete SPC 2608 (3 credits) and must take one of the following three (3) credit courses: COM 3110 or ENC 3250.

Course Number Title Credit Hours Requisites (KEY) Notes (KEY)
SPC 2608 Public Speaking 3 None SMEL
and
COM 3110 Communication for Business and the Professions None
or
ENC 3250 Professional Writing 3 PR: ENC 1101 and ENC 1102 OR ENC 1121 and ENC 1122

Business Foundation Required Courses (21 credit hours)

Foundation Courses in business require a minimum grade of C in each foundation course with an overall 2.00 GPA.

Course Number Title Credit Hours Requisites (KEY) Notes (KEY)
BUL 3320 Law and Business I 3 None
FIN 3403 Principles of Finance 3 PR: ACG 2071, ECO 2013, ECO 2023
ISM 3011 Information Systems in Organizations 3 PR: CGS 2100 or equivalent
QMB 3200 Business and Economic Statistics II 3 PR: MAC 2233 or MAC 2241, QMB 2100 For USFSM students, STA 2023 can serve as equivalent to QMB 2100.
MAN 3025 Principles of Management 3 None SMLE
MAR 3023 Basic Marketing 3 Junior Standing
GEB 4890 Strategic Management and Decision Making 3 PR: FIN 3403, MAN 3025, MAR 3023; Senior Standing 6ACM, SMCC; This course should be taken in the final semester of the program.

Additionally, all business students are required to select at least one course that deals with contemporary international topics. This course can be included in the business, non-business, or elective category. Consult with a business advisor for approved courses.

Requirements (24 credit hours)

Accounting majors must meet all the entry requirements to the College of Business as listed in the General Requirements section. In addition, students must earn a grade point average of  2.75 or higher in ACG 2021 and ACG 2071. Before taking any other Accounting coursework, all Accounting majors must earn a “C” or higher in ACG 3103. It is strongly recommended for students to successfully complete ACG 3103 within two attempts. After two attempts if this requirement has not been met, students should meet with an Accounting faculty member or academic advisor immediately to discuss their major. Within the 120-semester-hour program, students must complete a minimum of 24 hours of upper level accounting with a grade of “C” or higher in all courses. Students must complete 18 hours of the upper level accounting requirement in residency at USFSM. Finally, students must earn a 2.00 GPA on all major course work at USFSM and have an overall 2.00 major GPA including any applicable transfer work.

The student’s program must also include coursework taken in behavioral sciences and humanities, such as psychology, anthropology, and sociology, and the political environment of business and society, such as political science, public administration, and ethics. College of Business advisors will recommend courses that will satisfy the program requirements.

Accounting majors can use the grade forgiveness policy only once in upper-level accounting courses. Accounting courses taken by accounting majors on an S/U basis will not be counted toward the 120-hour graduation requirement. Independent Research, ACG 4911, will not be accepted as credit toward the minimum degree requirements in the accounting major.

Required Courses (18 credit hours)

Course Number Title Credit Hours Requisites (KEY) Notes (KEY)
ACG 3103 Intermediate Financial Accounting I 3 PR: ACG 2021 and ACG 2071 with a grade of “C” or better (not C-); CP: ACG 3341 or ACG 3401 or TAX 4001 with a grade of “C” or better (not C-). ACG 3341 or ACG 3401 or TAX 4001 can be taken concurrently with ACG 3103.
ACG 3113 Intermediate Financial Accounting II 3 PR: ACG 3103 and ACG 3341 or ACG 3401 or TAX 4001 with a grade of “C” or better (not C-)
ACG 3341 Cost Accounting and Control I 3 PR: ACG 2021 and ACG 2071 with a grade of “C” or better (not C-); CP: ACG 3103 with a grade of “C” or better (not C-). ACG 3103 can be taken concurrently with ACG 3341.
ACG 3401 Accounting Information Systems 3 PR: ACG 2021 and ACG 2071 with a grade of “C” or better (not C-); CP: ACG 3103 with a grade of “C” or better (not C-). ACG 3103 can be taken concurrently with ACG 3401.
ACG 4632 Auditing I 3 PR: ACG 3113, ACG 3401 with a grade of “C” or better
TAX 4001 Concepts of Federal Income Taxation 3 PR: ACG 2021 and ACG 2071 with a grade of “C” or better (not C-); CP: ACG 3103 with a grade of “C” or better (not C-). ACG 3103 can be taken concurrently with TAX 4001.

Elective Courses (6 credit hours)

The students must select six (6) credit hours

Course Number Title Credit Hours Requisites (KEY) Notes (KEY)
ACG 4123 Intermediate Financial Accounting III 3 PR: ACG 3113 with a grade of “C” or better (not C-)
ACG 4351 Cost Accounting and Control II 3 PR: ACG 3103, ACG 3341 with a grade of “C” or better (not C-)
ACG 4501* Governmental/Not-for-Profit Accounting 3 PR: ACG 3113 with a grade of “C” or better (not C-) *Students may take ACG 4501 or ACG 5505, not both.
or
ACG 5505* Governmental/Not-for-Profit Accounting 3 PR: ACG 3113; CR: ACG 4632 *Students may take ACG 4501 or ACG 5505, not both.
ACG 4642 Auditing II 3 PR: ACG 4632 with a grade of “C” or better (not C-)
ACG 4931 Selected Topics in Accounting 3 None
ACG 5205 Advanced Financial Accounting 3 PR: ACG 3113
ACG 5375 Valuation of Closely Held Businesses 3 PR: ACG 2021
ACG 5675 Internal and Operational Auditing 3 PR: ACG 3113, ACG 3401; CR: ACG 4632
BUL 5332 Law and the Accountant 3 PR: BUL 3320 with a grade of “C” or better (not C-)
TAX 4011 Federal Tax Accounting II 3 PR: TAX 4001 with a grade of “C” or better (not C-)
TAX 5015 Federal Taxation of Business Entities 3 PR: TAX 4001 with a grade of “C” or better (not C-)