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    Jan 24, 2022  
2021-2022 Undergraduate Catalog 
    
2021-2022 Undergraduate Catalog

Accounting B.S.


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TOTAL DEGREE HOURS: 120
Plans of Study

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 the Master of Accountancy (M.Acc.) professional degree program. The State of Florida requires completion of 120 semester hours to sit for the CPA examination and 150 semester hours are required for licensure.

Limited Access


Students who transfer to the USF Muma College of Business must meet the following admission guidelines below:

  1. Minimum of 60 semester hours of college credit earned.
  2. Minimum cumulative grade point average of 2.5 (applies only to limited access programs) on all college-level work and a minimum of 2.0 on all credit attempted at USF, including any prior to renewal.
  3. Completion of all state mandated prerequisite courses with a grade of C- or better in each course and an overall 2.0 GPA in all seven (7) courses. The courses are:
    a. Financial Accounting: ACG X021/ACG X022 (or ACG X001 & ACG X011)*
    b. Managerial Accounting: ACG X071 (or ACG X301)*
    c. Computers in Business: CGS X100 (or acceptable substitute)
    d. Principles of Macroeconomics: ECO X013
    e. Principles of Microeconomics: ECO X023
    f. Elementary Calculus: MAC X233 or MAC 2230
    g. Statistics: QMB X100 or STA X023 or STA X122

*Accounting majors must earn a C not C- in ACG 2021  and ACG 2071 .

University Admissions


Admission to the University is based on the University’s Undergraduate Admission Requirements that may be found by clicking on the following urls:

Graduation Requirements


Satisfactory completion of the following requirements: 

  • General Education Program (36 credit hours), including State Core General Education Requirements;
  • State Computation (6 credit hours); 
  • State Communication (6 credit hours, in addition to ENC 1101  and ENC 1102 ); 
  • Minimum of 120 unduplicated credit hours;
  • A minimum adjusted grade point average (GPA) of 2.0 on all coursework taken at USF and an overall 2.0 GPA average on all college-level coursework;
  • Major and college requirements in a chosen degree program;
  • Nine credit hours of coursework taken during the summer term(s) (if entered USF with less than 60 credit hours); 
  • Registration and successful completion of at least thirty (30) of the last sixty (60) credit hours;
  • 42 credit hours of upper-level coursework;
  • Civics Literacy;
  • Foreign language admissions coursework.

State Mandated Common Course Prerequisites


Transfer credits will be accepted from accredited institutions; however, all hours earned may not be applied toward USF business degree requirements. Individual courses will be evaluated by an academic advisor and appropriately credited toward requirements in the student’s program at USF.

Florida public state or community college students enrolled in an Associate of Arts (AA) program should normally complete the general education requirements and the State Mandated Common Prerequisites at a Florida College System institution. As a rule, AA students should avoid taking any business courses at the state or community college that are listed as 3000- and 4000-level courses at USF. Normally, courses in finance, marketing, management, and accounting, as well as other business administration courses, taken at the lower division level that are offered as upper division courses at USF will not be accepted for upper division credit in business administration. In general, business courses taken at the lower level, at technical schools, or as part of professional or military training, are not applicable to the degree programs of the Muma College of Business. Exceptions to this policy will be made only upon proper validation of such courses. Validation consists of successfully completing specified advanced courses in the discipline.

Florida College System students pursuing an Associate of Science (AS) program in Business Administration are fully admissible to USF. Please see a business advisor to determine the articulation courses, discuss admission to the Muma College of Business and prepare a program plan for degree completion. Students transferring to the Muma College of Business with an A.S. in Business Administration may earn a major in Management only.

Florida College System students pursuing an Associate of Science (A.S.) program in any other discipline should contact the Office of Undergraduate Studies, SVC 2002, (813) 974-4051, for information regarding course transferability and degree articulation.

Completion of the following State Mandated Common Course Prerequisites (or equivalents) with a grade of C- or higher in each course and an overall 2.0 GPA:

  • ACG X021 Principals of Financial Accounting or ACG X022 or (ACG X001 & ACG X011) - 3-6 credit hours
  • ACG X071 Managerial Accounting or ACG X301 - 3 credit hours
  • CGS X100 Computers in Business or CGS X100C or CGS X570 or CGS X060 or CGS X531 or CGS X000 or ISM X000 or CGS X518 or CGS X101 - 3 credit hours
  • ECO X013 Principles of Macroeconomics - 3 credit hours
  • ECO X023 Principles of Microeconomics - 3 credit hours
  • STA X023 Introductory Statistics or STA X122 or QMB X100 - 3 credit hours
  • MAC X233 Elementary Calculus - 3 credit hours

FOR ALL MAJORS: Students are strongly encouraged to select required lower division electives that will enhance their general education coursework and that will support their intended baccalaureate degree program. Students should consult with an academic advisor in their major degree area.

Supporting Required Courses: 5 courses; 15 credit hours


The following courses are supporting courses for this major. They are required for the major, but are not counted in the total major hours but are counted toward the total program hours of 120 credit hours. The degree will not be awarded if these courses have not been taken by the end of the student’s final semester.

A minimum grade of C- in each supporting course is required.

Required Courses: (60 credit hours)


Major (Restricted) Electives: (6 credit hours)


Choose two (2) courses from the following list:

GPA Requirements


Students must earn a 2.0 GPA on all major coursework at USF and have an overall 2.0 major GPA, including any applicable transfer work.

Grading Requirements


In computing entry grade point average, all business and economics courses taken for S or U grades will be converted to C or F, respectively.

Students must enroll in two courses their first semester within the Accounting major. During the first semester, one of which is required is ACG 3103 . The second course is to be chosen from among ACG 3341 , ACG 3401  or TAX 4001 . Students are also required to complete at least one of these two required courses successfully with a grade of C (not C-) or higher on the first attempt.  Students who are unable to pass both courses on the first attempt are assigned for major reselection. (“W” grades count as not passing with a grade of C or higher).

Students who pass one of these courses with a grade of C or higher, but either did not pass the other course with a grade of C or higher or withdrew from the other course are permitted a second attempt to retake that course.  During a semester in which a student retakes one of the two required accounting courses, the student is only permitted to enroll in that one accounting course; the student may not enroll in any other accounting courses during that semester.  Further, the student is required to pass the repeated accounting course with a grade of C or higher.  If the student earns a grade of C- or lower or withdraws from that course, the student is assigned for major reselection.     

Accounting majors may use the forgiveness policy only once in upper-level Accounting courses. One experiential learning course (e.g., ACG 4940  Accounting Internship) may be applied towards the 120-credit hour graduation requirement. Independent Research, ACG 4911 , will not be accepted as credit toward the minimum major requirements. 

Within the 120-semester-hour program, students must complete a minimum of 24 hours of upper-level Accounting coursework with a grade of C not C- in all courses. Accounting courses taken by Accounting majors on an S/U basis will not be counted toward the 120-hour graduation requirement, with the exception of ACG 4911  Independent Research.

D/F Policy


All students entering USF for the first time in Fall 2017 or later, who subsequently earn three (3) D and/or F grades in any or any combination of the following courses at USF will be required to change their major to a major more appropriate to their goals and academic performance and to a major not conferred by the Muma College of Business. The courses are: ACG 2021 , ACG 2071 , CGS 2100 , ECO 2013 , ECO 2023 , MAC 2233  (or equivalent), and QMB 2100  (or equivalent).

Residency Requirements


Major residency: Students must complete 18 hours of upper-level Accounting requirements in residency at USF.

College residency: Muma College of Business residency requirements for graduation exceed the minimum requirements established for USF. Students are required to complete satisfactorily at USF a minimum of 50 percent (30-33 credit hours depending on major) of required Business courses, including 12-18 credit hours in the major field. Normally, independent study and independent research courses do not fulfill this requirement.

Other Requirements


Accounting major courses must be no older than five (5) years to count for major credit. This applies both to continuing USF Accounting majors, as well as Accounting major courses transferred in from other institutions. A student may petition the Director for an exception to the policy and the Director may grant or deny such petition, at his/her discretion.

Research Opportunities


Undergraduate students in any degree program are able to participate in undergraduate research. Several options exist to show mentored undergraduate research activity on a student’s official transcript. Those who wish to enroll in an undergraduate research course should consult with their academic advisor to understand how the credit will apply towards the degree requirements. If no credit is needed, students may be eligible to enroll in the 0-credit IDS 4914  course. This course will not impact degree credits or GPA but will show on an official transcript and document the experience. The Office of Undergraduate Research is able to assist with further inquiries.

Advising Information - Muma College of Business


Tampa campus location: BSN 2102
(813) 974-4290 or schedule an advising appointment online at https://www.usf.edu/business/undergraduate/advising/appointments.aspx

Office Hours:
Monday - Thursday 8:00 a.m. - 6:00 p.m.
Friday 8:00 a.m. - 4:00 p.m. (Friday is reserved for walk-in’s only)
Please refer to the website for most current office hours and advising availability information: https://www.usf.edu/business/undergraduate/advising/

For questions email bsnadvising@usf.edu
Be sure to include your name, U#, and contact information with your question.

St Petersburg campus location: DAV 134
Mon-Thu: 8:00 a.m. – 6:00 p.m.
Fri: 8:00 a.m. – 5:00 p.m.
(727) 873-4511 USFSP-advising@usf.edu
Website:  https://www.stpetersburg.usf.edu/academics/academic-resources/academic-advising/advisor/index.aspx

Sarasota-Manatee campus location: SMC C107
(941) 359-4330  sar-advising@usf.edu
Website: https://www.sarasotamanatee.usf.edu/academics/academic-resources/academic-advising/

4 Year Plan of Study - Accounting B.S.


NOTES:

Year 1


Semester 1 (Fall)


Total Credit Hours: 15

Semester 2 (Spring)


Total Credit Hours: 15

Semester 3 (Summer)


Please consider pursing High Impact Practice opportunities this semester such as Education Abroad, Internship Opportunities, Community Engagement, or Research Opportunities.

Questions about opportunities? Schedule an appointment with your academic advisor.

Year 2


Semester 4 (Fall)


Total Credit Hours: 15

Semester 5 (Spring)


Total Credit Hours: 15

Semester 6 (Summer)


Total Credit Hours: 6

Year 3


Semester 7 (Fall)


Total Credit Hours: 15

Semester 8 (Spring)


Total Credit Hours: 12 

Semester 9 (Summer)


Total Credit Hours: 3

Year 4


Semester 10 (Fall)


Total Credit Hours: 12

Semester 11 (Spring)


Total Credit Hours: 12

2 Year Plan of Study - Accounting B.S.


NOTES:

Year 1


Semester 1 (Fall)


Total Credit Hours: 15

Semester 2 (Spring)


Total Credit Hours: 15

Semester 3 (Summer)


Total Credit Hours: 6

Year 2


Semester 4 (Fall)


Total Credit Hours: 12

Semester 5 (Spring)


Total Credit Hours: 12

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