Accounting Program Requirements

These requirements are from an excerpt from the University Academic Catalog, which outline the requirements for a student to earn the distinction of being a Castleton University graduate. The complete catalog is available online.

Concentration in Accounting

Students completing a BS.BUS with a concentration in Accounting are prepared to pursue careers as corporate, not-for-profit, or small business accountants or to continue their studies at the graduate level. With the addition of the Master of Science in Accounting degree, students are prepared for careers in public accounting and advancement in private accounting. A career as a professional accountant requires a commitment to lifelong learning as the profession is continually evolving. Therefore, pre-entry education should lay the base on which lifelong learning can be built. This base has three components: skills, knowledge, and professional orientation.

Students completing a BS.BUS.ACC will demonstrate technical competency and professional knowledge in accounting theory, auditing, and individual income taxation.

Complete the following courses:

Code Course Credits

BUS 1270

Principles of Computer-Based Information Systems

1000 level

An introduction to the devices and techniques used in the processing of data. This course includes hands-on use of word processing and spreadsheet programs and the internet. This course fulfills the Gen Ed computing requirement.

Fee Materials charge $20.

Every semester

3

ACC 2101

Accounting I

2000 level

This course examines the role that accounting information plays in decision-making and the importance of income, cash flows, and financial position to organizations. Issues are considered from a variety of users’ viewpoints. Included in the course will be (1) a focus on analytic and problem-solving skills, (2) technological and communication skill development, and (3) an awareness of ethical and public policy issues.

Basic computer skills in Microsoft Excel and Word are required.

Fee Materials charge $20.

Fall

3

BUS 2020

Principles of Management

This course in an introduction to the philosophy, principles, and techniques of management. Students will examine classical, modern, and emerging concepts as they relate to today’s manager and the functional processes of planning, organizing, directing and controlling resources. Learning experiences may include case studies, team experiences and simulations.

Prerequisite: BUS 1270.

Every semester

3

BUS 2030

Case Studies in Business Administration

A continuation of core business courses (ACC 2101, BUS 2020, and BUS 2230) with further development of principles. The course objective is to apply accounting, management, and marketing principles to case studies with the student assuming the role of a manager to solve problems or challenges. Particular emphasis is placed upon writing cases analyses.

Restrictions Restrictions: Must be taken prior to BUS 4080.

Prerequisite: ACC 2101, BUS 2020, BUS 2230

Every semester

3

BUS 2230

Principles of Marketing

This course introduces the role of marketing as it relates to manufacturing, wholesale, retail, and service businesses. Topics include product development, pricing decisions, promotional consideration, and distribution options of both goods and services. Students will also examine the emerging role of electronic marketing, and its impact on today’s businesses.

Prerequisite: BUS 1270.

Every semester

3

BUS 2370

Business Communications

The student practices the writing skills required for a successful career in business. Special attention is given to writing letters, memoranda, reports, and resumes. This course provides fundamental skills necessary for the student’s successful completion of future business courses.

Restrictions Restrictions: Business Administration majors and minors, Computer Information Systems majors, and Writing minors (English) only

Prerequisite: ENG 1061

3

ECO 2040

Macroeconomics in a Global Context

This course serves as an introduction to economic principles in general as well as macroeconomics in particular. How do we understand the workings of the U.S. economy, in its global context? This course looks at the economy holistically, with an emphasis on its interconnections. We examine the connections between competing economic analyses and competing policy prescriptions to prevent or repair economic problems such as unemployment, inflation, and unsustainable growth – within the context of a rapidly globalizing economy.

Prerequisite: MAT 1221 or MAT 1320 or MAT 2021 or equivalent or concurrent enrollment in MAT 2021.

Every Semester

3

ECO 2050

Microeconomics in a Global Context

An introduction to microeconomic theory and its applications placed in a global context. Attention given to: 1) economic behavior of consumers and businesses; 2) the pricing of productive inputs, income distribution and redistribution; 3) the nature and functioning of markets; and 4) the consequences of imperfect competition and imperfect information.

Prerequisite: MAT 1221 or MAT 1320 or MAT 2021 or equivalent.

Every Semester

3

ACC 3010

Accounting for Management Decisions

3000 level

This course examines the use of accounting information to enhance decision-making and control of for-profit, not-for-profit, and governmental organizations. The major topics in this course include the use of accounting in making alternative choice decisions, the development and use of product cost information, as well as the creation of operating and capital budgets.

Prerequisite: ACC 2101

Fee Fee $20

Every Semester

3

ACC 3211

Corporate Financial Reporting I

This is the first course in a three-course sequence that provides an in-depth study of generally accepted accounting principles (GAAP) necessary to prepare and comprehend corporate financial reports. The course focuses on the accounting cycle, the conceptual framework, and financial statement preparation. Students are required to perform accounting research, utilize Excel as a problem-solving tool, and utilize Word as a communication tool. U.S. GAAP is emphasized but international GAAP is also considered.

Prerequisite: ACC 2101 and ACC 3010

Fall

3

ACC 3212

Corporate Financial Reporting II

This is the second course in a three-course sequence that provides an in-depth study of generally accepted accounting principles (GAAP) necessary to prepare and comprehend corporate financial reports. This course focuses on recording and reporting issues involving assets, liability, and equity accounts. Students are required to perform accounting research, utilize Excel as a problem-solving tool, and utilize Word as a communication tool. U.S. GAAP is emphasized but international GAAP is also considered.

Prerequisite: ACC 3211

Spring

3

BUS 3131

Business Law I

An introductory course to provide a knowledge and awareness of the scope and terminology of the American legal system as it pertains to business organizations. Topics emphasized may include criminal law, tort law, forms of doing business, law of contracts, sales, real and personal property law, negotiable instruments, Uniform Commercial Code, and agency relationships.

Every semester

3

BUS 3230

Financial Management

This course covers the principles of how business enterprises refinance; general methods and basic tools of financial management and control, utilization, disposition of funds.

Prerequisite: ACC 2101

Every semester

3

ACC 4010

Accounting Information Systems

4000 level

This course will analyze the development, maintenance, and control of the accounting system. It will focus on manual and/or computer-based systems.

Prerequisite: ACC 3212

Fall

3

ACC 4041

Income Tax I

This course focuses on the concepts and logic that form the foundation of federal income tax law. Current tax law is examined in the context of these concepts. Various taxable entities are considered but the primary focus is on the individual and small business. Full coverage of federal income tax law requires that tax return preparation and tax law research also be included.

Prerequisite: ACC 3212

Fee Materials charge $20.

Spring

3

ACC 4041

Individual Tax Preparation

This course is designed to provide students with real-world experience in income tax preparation. Students will be required to complete the Internal Revenue Service's VITA/TCE Curriculum and obtain IRS certification to participate in the Voluntary Income Tax Assistance or Tax Counseling for the Elderly. Students will volunteer for a minimum of thirty-three hours per semester (approximately three hours per week) at either a VITA or TCE site for the period the site is open.

Prerequisite: ACC 4041 Concurrently.

Spring

1

ACC 4050

Auditing and Assurance Services

Auditing introduces principles and procedures of gathering evidence in accordance with generally accepted auditing standards in order to form an opinion on the "fairness of presentation" of financial statements. The role of risk assessment in the audit environment and the nature of attestation and assurance services are examined.

Prerequisite: ACC 4010

Spring

3

ACC 4213

Corporate Financial Reporting III

This is the third course in a three-course sequence that provides an in-depth study of generally accepted accounting principles (GAAP) necessary to prepare and comprehend corporate financial reports. This course focuses on recording and reporting issues involving leases, income taxes, debt, equity, and compensation. Students are required to perform accounting research, utilize Excel as a problem-solving tool, and utilize Word as a communication tool. U.S. GAAP is emphasized but international GAAP is also considered.

Prerequisite: ACC 3212

Fall

3

BUS 4080

Business Strategy and Policy Development

This course focuses on both the analysis of an organization’s internal and external environments and on the development of appropriate corporate, business, and functional level strategies. The case study method is used extensively, with emphasis placed on policy formulation, strategic implementation, and control. Both for-profit and not-for-profit organizations are included.

Prerequisite: Senior standing and approval of the department.

Every Semester

3

BUS 4110

Operations Management

-OR- BUS 4130 - Quantitative Business Decisions 3 cr

Introduction to concepts and fundamental understanding of systems management. Study of specific problems; decision-making processes dealing with planning and control in manufacturing and service firms.

Prerequisite: MAT 2021, MAT 2022.

Fall

3

(Credits required for the major: 58 cr)

And complete the university's Gen Ed requirements

Review the Gen Ed requirements.

It is strongly recommended that all students majoring in Business Administration complete either MAT 2021 - Statistics I and MAT 2022 - Statistics II or MAT 2021 - Statistics I and MAT 1531 - Calculus I for the scientific and mathematical frame of reference to be adequately prepared for upper level business study.

Masters Degree

Castleton offers a one year Master of Science degree for students seeking licensure as a certified public accountant or continued career advancement in either corporate, not-for-profit, or government organizations. Castleton’s graduate catalog contains a more thorough discussion of the degree including course descriptions. Requirements for initial CPA licensure vary by state; students desiring initial licensure in states other than Vermont should review the requirements of that state.

Bachelor of Science in Business Administration

The Department of Business Administration strives to provide an atmosphere that is conducive to ethical behavior and intellectual growth. The department core is designed to provide a foundation of general business knowledge on which individual programs within the department can build. Internships can be available for qualified students. Students successfully completing a Business Administration major will be able to compete effectively for professional employment, understand the importance of professional behavior, possess a strong work ethic, and be prepared to pursue lifelong learning including graduate studies and beyond.

Students are encouraged to use their selection of frames of reference courses and other free elective courses to broaden their experiences and exposure to other ways of thinking and to other disciplines. Free elective course work can be from any discipline and can be, but need not be, used to fulfill requirements for a minor.

Students completing a Bachelor of Science in Business Administration will be proficient in:

  • Defining, analyzing, and solving problems in both an individual and group environment.
  • Recognizing and using effective verbal and written communication skills.
  • Using computers and other technologies generally used in an entry-level business environment.

Complete the following core courses (39 cr):

Code Course Credits

ACC 2101

Accounting I

This course examines the role that accounting information plays in decision-making and the importance of income, cash flows, and financial position to organizations. Issues are considered from a variety of users’ viewpoints. Included in the course will be (1) a focus on analytic and problem-solving skills, (2) technological and communication skill development, and (3) an awareness of ethical and public policy issues.

Basic computer skills in Microsoft Excel and Word are required.

Fee Materials charge $20.

Fall

3

ACC 3010

Accounting for Management Decisions

This course examines the use of accounting information to enhance decision-making and control of for-profit, not-for-profit, and governmental organizations. The major topics in this course include the use of accounting in making alternative choice decisions, the development and use of product cost information, as well as the creation of operating and capital budgets.

Prerequisite: ACC 2101

Fee Fee $20

Every Semester

3

BUS 1270

Principles of Computer-Based Information Systems

An introduction to the devices and techniques used in the processing of data. This course includes hands-on use of word processing and spreadsheet programs and the internet. This course fulfills the Gen Ed computing requirement.

Fee Materials charge $20.

Every semester

3

BUS 2020

Principles of Management

This course in an introduction to the philosophy, principles, and techniques of management. Students will examine classical, modern, and emerging concepts as they relate to today’s manager and the functional processes of planning, organizing, directing and controlling resources. Learning experiences may include case studies, team experiences and simulations.

Prerequisite: BUS 1270.

Every semester

3

BUS 2030

Case Studies in Business Administration

A continuation of core business courses (ACC 2101, BUS 2020, and BUS 2230) with further development of principles. The course objective is to apply accounting, management, and marketing principles to case studies with the student assuming the role of a manager to solve problems or challenges. Particular emphasis is placed upon writing cases analyses.

Restrictions Restrictions: Must be taken prior to BUS 4080.

Prerequisite: ACC 2101, BUS 2020, BUS 2230

Every semester

3

BUS 2230

Principles of Marketing

This course introduces the role of marketing as it relates to manufacturing, wholesale, retail, and service businesses. Topics include product development, pricing decisions, promotional consideration, and distribution options of both goods and services. Students will also examine the emerging role of electronic marketing, and its impact on today’s businesses.

Prerequisite: BUS 1270.

Every semester

3

BUS 2370

Business Communications

The student practices the writing skills required for a successful career in business. Special attention is given to writing letters, memoranda, reports, and resumes. This course provides fundamental skills necessary for the student’s successful completion of future business courses.

Restrictions Restrictions: Business Administration majors and minors, Computer Information Systems majors, and Writing minors (English) only

Prerequisite: ENG 1061

3

BUS 3131

Business Law I

An introductory course to provide a knowledge and awareness of the scope and terminology of the American legal system as it pertains to business organizations. Topics emphasized may include criminal law, tort law, forms of doing business, law of contracts, sales, real and personal property law, negotiable instruments, Uniform Commercial Code, and agency relationships.

Every semester

3

BUS 3230

Financial Management

This course covers the principles of how business enterprises refinance; general methods and basic tools of financial management and control, utilization, disposition of funds.

Prerequisite: ACC 2101

Every semester

3

BUS 4080

Business Strategy and Policy Development

This course focuses on both the analysis of an organization’s internal and external environments and on the development of appropriate corporate, business, and functional level strategies. The case study method is used extensively, with emphasis placed on policy formulation, strategic implementation, and control. Both for-profit and not-for-profit organizations are included.

Prerequisite: Senior standing and approval of the department.

Every Semester

3

ECO 2040

Macroeconomics in a Global Context

This course serves as an introduction to economic principles in general as well as macroeconomics in particular. How do we understand the workings of the U.S. economy, in its global context? This course looks at the economy holistically, with an emphasis on its interconnections. We examine the connections between competing economic analyses and competing policy prescriptions to prevent or repair economic problems such as unemployment, inflation, and unsustainable growth – within the context of a rapidly globalizing economy.

Prerequisite: MAT 1221 or MAT 1320 or MAT 2021 or equivalent or concurrent enrollment in MAT 2021.

Every Semester

3

ECO 2050

Microeconomics in a Global Context

An introduction to microeconomic theory and its applications placed in a global context. Attention given to: 1) economic behavior of consumers and businesses; 2) the pricing of productive inputs, income distribution and redistribution; 3) the nature and functioning of markets; and 4) the consequences of imperfect competition and imperfect information.

Prerequisite: MAT 1221 or MAT 1320 or MAT 2021 or equivalent.

Every Semester

3

Recommendation

It is strongly recommended that all students majoring in Business Administration complete either MAT 2021 - Statistics I and MAT 2022 - Statistics II or MAT 2021 - Statistics I and MAT 1531 - Calculus I for the scientific and mathematical frame of reference to be adequately prepared for upper level business study.

Dual Concentration

A student may concentrate in two of the following areas of expertise within the Department of Business Administration: ACC, MGT, and MKT. The student must complete all required Business Core courses, all required courses for both concentrations, and two Business electives with an ACC, BUS, or CIS suffix. (Business electives are courses not required by the major or concentration but add depth and richness to the student's learning experience.)