Javascript is currently not supported, or is disabled by this browser. Please enable Javascript for full functionality.

   
    Sep 24, 2020  
2019-2020 Undergraduate Catalog 
    
2019-2020 Undergraduate Catalog [ARCHIVED CATALOG]

Accounting B.S.


(CIP = 52.0301) (ACC)
TOTAL DEGREE HOURS: 120

http://www.usf.edu/business/undergraduate/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 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. For additional information regarding becoming a Florida CPA, please visit the following links: http://www.myfloridalicense.com/dbpr/cpa/licensure.html and http://www.ficpa.org/Content/FutureCPAs/BecomeCPA.aspx.

Limited Access


THIS MAJOR HAS ADDITIONAL ADMISSIONS REQUIREMENTS AS LISTED IN THIS SECTION

Admission to the Muma College of Business is based upon availability of faculty and space within each discipline. The Muma College of Business has many upper-level, limited access programs, which means that it has admission requirements in addition to those of the University in general. Students interested in pursuing a degree in the areas offered by the Muma College of Business must complete the required prerequisites for entering the College in addition to other related criteria listed below.

Students must satisfy the following criteria:

  • Minimum of 60 semester hours of college credit earned.
  • Minimum of a cumulative grade point average of 2.5 on all college-level work and a minimum of 2.0 on all credit attempted at USF, including any prior to renewal.

NOTE: Beginning Fall 2013 the Muma College of Business will establish each fall a new minimum overall GPA required to satisfy the limited access GPA admission requirement. The minimum overall GPA will range between a 2.5 with a maximum required GPA of a 2.75. Students will be notified each fall as to the minimum entrance GPA required for the following fall semester. Notification will occur through Canvas and updated at the following link: http://www.usf.edu/business/undergraduate/requirements-general.aspx.

  • 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.
  • A minimum score of 550 on paper and pencil or 213 on computerized TOEFL is required, when applicable.

Within the 120-semester-hour program, students must complete a minimum of 24 hours of upper-level accounting with a grade of C not C- in all courses. Accounting major courses must be no older than five (5) years to count for degree 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 a petition, at his/her discretion. Students must complete 18 hours of upper-level Accounting requirements in residency at USF Tampa. Finally, students must earn a 2.0 GPA on all major coursework at USF Tampa and have an overall 2.0 major GPA including any applicable transfer work.

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 or ACG X022 Financial Accounting or (ACG X001 & ACG X011)
  • ACG X071* Managerial Accounting or ACG X301
  • 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
  • ECO X013 Principles of Macroeconomics
  • ECO X023 Principles of Microeconomics
  • STA X023 Introductory Statistics or STA X122 or QMB X100
  • MAC X233 Elementary Calculus 

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.

* ACG X071 will count toward the degree as elective credits for transfer students. However, it is recommended that native students take another non-accounting elective.

** CGS X100 or demonstrated competency

Major Requirements (24 Credit Hours)


Major requirements for the B.S. Degree:

Major Core (18 Credit Hours)


Students must complete a minimum of 24 hours of upper-level accounting coursework with a grade of C not C- in all courses. Students must earn a 2.0 GPA on all major coursework at USF Tampa and have an overall 2.0 major GPA including any applicable transfer work. Accounting majors can use the 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, with the exception of ACG 4940 - Accounting Internship ACG 4911 - Independent Research  will not be accepted as credit toward the minimum degree requirements in the accounting concentration.

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

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

*NOTE: *Students must enroll in two courses their first semester within the Accounting major. During the first semester, all students must enroll in ACG 3103 . The second course must be chosen from ACG 3341 , ACG 3401  or TAX 4001 . Students must 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 complete either course on the first attempt are not permitted to retake either course and are assigned for major reselection. ”W” grades count as an attempt.

GPA Requirements


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

Residency Requirement


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

Other Requirements


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. Muma College of Business advisors will recommend courses that will satisfy the program requirements.

Research Opportunities


All undergraduate students in any degree program can participate in undergraduate research. There are a number of options to receive academic credit for a mentored research experience and to have the experience show on the official transcript. Students 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 2912 , IDS 4914  or IDS 4910  courses. These courses will not impact degree credits or GPA but will show on an official transcript and document the experience. The Office of Undergraduate Research will assist students in understanding the various course options.

Internship Opportunities


It is recommended that Accounting students participate in an internship course (ACG 4940 ) as part of their plan of study. 

Accreditation Information


In addition to the Muma College of Business having AACSB accreditation, the Lynn Pippenger School of Accountancy is separately accredited by the Association to Advance Collegiate Schools of Business.

Advising Information


Advising Services:

  • Orientation for freshmen and transfer students.
  • Academic advising and program information for pre-business students who have applied to the Muma College of Business and declared business as their intended major.
  • Students who meet all Muma College of Business admission requirements.
  • Evaluation of undergraduate transcripts for all declared and admitted business transfer students.
  • Maintenance of academic advising records.
  • Certification of graduation.

Location: C.H. Ferguson Hall (Business Administration Building) (BSN) 2102, (813) 974-4290 or schedule an advising appointment on-line: http://www.usf.edu/business/undergraduate/advising/.

Office Hours: 8am-6pm Monday-Thursday and 8am-4pm on Friday. Always refer to website for most current office hour information.

Accounting Faculty


Director: U.S. Murthy; Professor: J.L. Reck; Advisory Council Professor: T.J. Engle; Quinn Eminent Scholar: U.S. Murthy; Professors Emeritus: D.M. Dennis, G.L. Holstrum, L.C. Jurgensen, R.M. Keith, J.R. Martin, K.W. Merriam, W.H. Parrott, J.L. Smith, W.L. Stephens, R.J. West; Associate Professors: L.M. Gaynor, G.A.H. Laursen, D. Robinson, R.F. Welker, PR. Wheeler; Assistant Professors: P. Bianchi, J.C. Park, T. Smith, J. Whitworth; Instructors: C. Andrews, J. M. Cainas, K. Davis, K Del Vecchio, B. Dong, H. Lively, K. Myers, L. Richardson.

Plan of Study


Click here for Plan of Study. Once on this page, select the program from the available drop-down and then click ‘View Selected Plan.’