ACCOUNTING/INFORMATION SYSTEMS

 

Accounting/Information Systems Department

 

Chairperson: Professor Kuechler, CPA, CMA

Faculty: Associate Professor Tschopp, CPA; Assistant Professors Blest, Flint

 

Degrees Offered:

 

Bachelor of Science in Accounting

B.S. Accounting/M.S. Professional Accountancy

Master of Science in Global Business

 

The B.S. Accounting/M.S. Professional Accountancy program is a registered curriculum in Accountancy with the New York State Board of Accountancy. Successful completion qualifies students to sit for the CPA exam in New York State.

 

Accounting/Information Systems Department Philosophy

 

Consistent with the mission of Daemen College, the Accounting/Information Systems departmental philosophy embodies the ideals of elevating human dignity and fostering civic responsibility in a global perspective. Central to this will be the strong relationship between the department faculty and its students. The curriculum integrates the intellectual qualities acquired thought study of the liberal arts with the education necessary for professional accomplishment.

 

The Accounting/Professional Accountancy degree is a professional degree registered with the New York State Board of Accountancy. As a result its professional component is guided by attention to the AICPA Core Competency Framework. The core competencies are categorized as functional (technical competencies most closely aligned with the value contributed by accounting professional), personal (individual attributes and values) and broad business perspective (relating to understanding of internal and external business contexts) competencies. It is a skills-based curriculum rather than knowledge-based because the body of knowledge and the accounting profession are changing so rapidly. Although knowledge requirements will change with time, the competencies will have long-term value and will support a variety of career opportunities for the future accountant. The curriculum also encourages close relationships with the professional community through a series of action learning internship positions. In addition to supplementing classroom knowledge, these internships also build the student’s resume and prepare the student to assume a professional position upon graduation. The graduates of this program will be contributing, well-rounded professionals of the global community.

 

B.S. ACCOUNTING

Essential Courses:

 

MTH 131        Calculus & Mathematics for Business

  or MTH 144 Calculus & Analytic Geometry I

ECO 201        Principles of Microeconomics

ECO 202        Principles of Macroeconomics

 

Three credit hours in Cooperative Education at the 400-level.

 

Common Professional Business Core:

MIS 280         Computer Studies & Problem Solving

MIS 290         Information Systems in Management

ACC 225        Financial Accounting

ACC 226        Managerial Accounting

BA 211           Effective Business Communications

MGT 208        Principles of Management

MGQ 221       Business Statistics I

MGQ 427       Managerial Decision Making

MKT 209        Principles of Marketing

FIN 325          Corporate Finance

 

Additional Departmental Requirements:

ACC 311        Intermediate Accounting I

ACC 312        Intermediate Accounting II

ACC 315        Cost Accounting

ACC 318        Income Tax Theory

ACC 415        Advanced Accounting Problems

ACC 420        Auditing

ACC 490        Accounting Theory & Professional Ethics

BA 350           Business Law I

BA 351           Business Law II

FIN                  Finance elective

 

 

B.S. ACCOUNTING/M.S. professional accountancy

 

In addition to courses listed above, students pursuing the dual B.S./M.S. degree complete the following courses:

 

MGT 501        The Global Competitive Framework

MGT 502        Ethics for Professionals in a Multi-Cultural World

MGT 503        Comparative Management

MGT 504        Operational and Technology Issues in Global Business

MKT 507        Strategic Planning for Global Market

FIN 601          Global Monetary Systems and Capital Markets

ACC 618        Advanced Taxation

ACC 620        Advanced Auditing

ACC 630        Global Financial Reporting and Statement Analysis

ACC 650        Directed Research in Accounting

 

Co-op Requirements:

 

A student wishing to earn credit hours through Co-op in the Accounting Department must meet the following criteria: Successful completion of ACC 311, 312; an overall average of 2.5; senior status; and permission of an accounting faculty member. The student is limited to nine hours earned through Co-op in the Accounting degree program. Students may also choose to do a Co-op before their senior year. However, a minimum of three credit hours of Co-op must be completed at the senior level to complete the requirement for the degree program.

 

Transfer Policy:

 

A student transferring from a two-year college or from a four year school with a non-registered program can transfer the following accounting courses provided they have been assessed as meeting Daemen’s stated levels of competence for comparable work:

 

            Financial Accounting (Principles of Accounting I)

            Managerial Accounting (Principles of Accounting II)

            Intermediate Accounting I

            Cost Accounting

 

A transfer student who originally enters another department at Daemen and transfers into the Accounting Department will need to undergo a reevaluation of any transfer of accounting courses to meet the above requirements.

 

Upper Division Status:

 

In the second semester of the sophomore year, students apply for upper division status. In order to be accepted into upper division, a student must have completed all of the courses in the Common Professional Business Core (with the exception of FIN 325, BA 350, BA 351 and MGQ 427) with a C or better grade. In order to be accepted into upper division, a student must also have a GPA of at least 2.5 and have completed 40 hours of community service (10 hours each semester). In addition, CMP 101 must be completed with a C or better grade. Other requirements for upper division should be discussed with the student’s advisor.

 

Admission into M.S. Professional Accountancy:

 

In their junior year, students will apply to be accepted into the Accounting/Professional Accountancy program. They need a GPA of 3.0, two letters of recommendation and a personal goal statement. A student with a GPA of less that 3.0 will be accepted on a conditional basis and will be allowed to take MGT 501, MGT 502, and MGT 503. It the student earns a minimum grade of “B” in each of these three courses, the student will then become matriculated into the Accounting/Professional Accountancy program.

 

For information on Daemen’s Master of Science in Global Business, consult the Graduate Bulletin or contact the Office of Admissions or Program Director, Assistant Professor Blest.

 

The Herbert B. Eckert Endowed Award Fund

 

The award is made to a senior level accounting major who has been accepted into the 150 hour professional accountancy program at Daemen College. Recipients are expected to be in good academic standing, to progress through the program on a full-time basis, and to exemplify ethical standards. An essay addressing why ethical behavior is good business is required of applicants. Further details may be obtained from the Accounting/MIS Department Chair.

 

Minors:

 

Accounting:

ACC 225, 226, 311, 312, 315 and an accounting elective

 

Digital Media:

MIS 201, 205, 231, 280 and 331

 

Accounting Certificate Program:

ACC 225, 226, 311, 312, 315, 318, 415, 420, FIN 325 and a business elective