Accounting

Bachelor of Science in Business Administration (BSBA): 180.0 quarter credits

About the Program

The LeBow College of Business's accounting major is designed to provide basic conceptual accounting and business knowledge for careers in accounting and taxation in many settings. Courses cover accounting, auditing, tax preparation, and related topics. Students learn how accounting produces information for making decisions about organizations.

The greatest range of career opportunities are in public, private and government accounting. Professional accountants are normally certified as public accountants (CPA) or managerial accountants (CMA) after passing professional examinations. The University's co-op program provides an advantage to accounting students who plan to practice locally. Time spent working in co-op internship positions as a student is often accepted as part of the two years of accounting experience required for the Certified Public Accountant certificate in Pennsylvania and many other states.

Students planning to take the CPA exam must take additional accounting coursework. Interested students should contact the Department of Accounting at the beginning of the third year to ensure ample time to fulfill such requirements.

Degree Requirements

Business Administration (BSBA) Degree Requirements
General Education Requirements
ENGL 101Composition and Rhetoric I: Inquiry and Exploratory Research3.0
ENGL 102Composition and Rhetoric II: The Craft of Persuasion3.0
ENGL 103Composition and Rhetoric III: Thematic Analysis Across Genres3.0
COM 270 [WI] Business Communication (WI)3.0
MATH 101Introduction to Analysis I4.0
MATH 102Introduction to Analysis II4.0
PHIL 105Critical Reasoning3.0
PSY 101General Psychology I3.0
UNIV B101 [WI] The Drexel Experience2.0
English literature elective: (ENGL 200 through ENGL 399)3.0
Fine arts elective3.0
History (HIST) elective3.0
Select two of the following:6.0
Applied Cells, Genetics & Physiology
Applied Biological Diversity, Ecology & Evolution
Applied Chemistry
Applied Physics
General Education Category Electives
Students select seven (21.0 credits) general education electives, with a minimum of one course in each of the following three categories. Students take the remaining 12.0 credits from any of the topics listed under "Additional General Education Electives."
Society and Culture
Communication, English, Fine Arts, International Area Studies, Language, Philosophy 3.0
Social Science
Anthropology, History, Sociology, Political Science, Psychology3.0
Science
Computer Science, Information Systems, Science3.0
Additional General Education Electives
Communication, English, Fine Arts, International Area Studies, Language, Philosophy, Anthropology, History, Sociology, Political Science, Psychology, Computer Science, Information Systems, Math, Science12.0
Business Requirements *
BUSN 101Foundations of Business I4.0
BUSN 102Foundations of Business II4.0
ACCT 115Financial Accounting Foundations4.0
ACCT 116Managerial Accounting Foundations4.0
BLAW 201Business Law I4.0
STAT 201Introduction to Business Statistics4.0
ECON 201Principles of Microeconomics4.0
ECON 202Principles of Macroeconomics4.0
FIN 301Introduction to Finance4.0
MIS 200Management Information Systems4.0
MKTG 301Introduction to Marketing Management4.0
OPM 200Operations Management4.0
ORGB 300 [WI] Organizational Behavior (WI)4.0
INTB 200International Business4.0
MGMT 450Strategy and Competitive Advantage4.0
Select one of the following:4.0
Business Statistics II **
Introduction to Entrepreneurship
Management Simulation
Business Consulting
Major Requirements24.0
Free Electives28.0
Total Credits180.0

 

*

Online Business students take BUSN 111 and BUSN 112 [WI] (a four-day residency in Philadelphia) instead of BUSN 101 and BUSN 102. Online students should check with their advisors because additional requirements may apply.


 

Required Accounting Major Courses
ACCT 321Financial Reporting I4.0
ACCT 322Financial Reporting II4.0
ACCT 323Financial Reporting III4.0
ACCT 331Cost Accounting4.0
ACCT 341Principles of Auditing4.0
TAX 341Individual Income Taxes4.0
Total Credits24.0

 

A minimum of 20 Elective (BUSN/ Non BUSN) credits are required to fulfill degree completion. Students planning to take the CPA exam should review the educational requirements established by the State Board of Accountancy in the state in which they plan to sit for the examination. Students are qualified to sit for the examination in Pennsylvania by meeting the degree requirements above. Students planning to apply for a CPA license in Pennsylvania have to obtain the equivalent of 150 semester (225 quarter) credit hours, including 36 semester (54 quarter) credit hours in accounting subjects.

Sample Plan of Study

Term 1Credits
BUSN 101Foundations of Business I4.0
ECON 201Principles of Microeconomics4.0
ENGL 101Composition and Rhetoric I: Inquiry and Exploratory Research3.0
MATH 101Introduction to Analysis I4.0
UNIV B101 [WI] The Drexel Experience1.0
 Term Credits16.0
Term 2
BUSN 102Foundations of Business II4.0
ECON 202Principles of Macroeconomics4.0
ENGL 102Composition and Rhetoric II: The Craft of Persuasion3.0
MATH 102Introduction to Analysis II4.0
 Term Credits15.0
Term 3
ACCT 115Financial Accounting Foundations4.0
ENGL 103Composition and Rhetoric III: Thematic Analysis Across Genres3.0
PSY 101General Psychology I3.0
Social science elective3.0
Society and culture elective3.0
 Term Credits16.0
Term 4
ACCT 116Managerial Accounting Foundations4.0
STAT 201Introduction to Business Statistics4.0
History (HIST) elective3.0
Select one of the following:3.0
Applied Cells, Genetics & Physiology
Applied Biological Diversity, Ecology & Evolution
 
Applied Chemistry 
Applied Physics 
 Term Credits14.0
Term 5
BLAW 201Business Law I4.0
COM 270 [WI] Business Communication3.0
INTB 200International Business4.0
Select one of the following:3.0
Applied Cells, Genetics & Physiology
Applied Biological Diversity, Ecology & Evolution
 
Applied Chemistry 
Applied Physics 
 Term Credits14.0
Term 6
ACCT 321Financial Reporting I4.0
MKTG 301Introduction to Marketing Management4.0
OPM 200Operations Management4.0
ENGL 200 - ENGL 399 course3.0
 Term Credits15.0
Term 7
ACCT 322Financial Reporting II4.0
FIN 301Introduction to Finance4.0
MIS 200Management Information Systems4.0
Science elective3.0
 Term Credits15.0
Term 8
ORGB 300 [WI] Organizational Behavior4.0
ACCT 323Financial Reporting III4.0
PHIL 105Critical Reasoning3.0
General education elective3.0
 Term Credits14.0
Term 9
TAX 341Individual Income Taxes4.0
General education elective3.0
Free electives 8.0
 Term Credits15.0
Term 10
ACCT 331Cost Accounting4.0
ACCT 341Principles of Auditing4.0
UNIV B101 [WI] The Drexel Experience1.0
General education elective3.0
Free elective4.0
 Term Credits16.0
Term 11
MGMT 450Strategy and Competitive Advantage4.0
General education elective3.0
Free electives 8.0
 Term Credits15.0
Term 12
Select one of the following:4.0
Business Consulting 
Business Statistics II 
Management Simulation 
Introduction to Entrepreneurship 
Free electives 8.0
Fine arts elective 3.0
 Term Credits15.0
Total Credit: 180.0

Co-op/Career Opportunities

Public, private, and government accounting provide the greatest range of career possibilities. Professional accountants are normally certified as public accountants (CPA) or managerial accountants (CMA) after passing the appropriate professional examinations.

Drexel’s co-op program provides an added advantage to accounting students who plan to practice locally; time spent working in co-op positions as a student is often accepted as part of the two years of accounting experience needed for CPA certification in Pennsylvania.

Drexel’s accounting graduates accept positions in public accounting, private industry, government, and nonprofit organizations. Many also choose to continue their studies in graduate schools, pursuing such degrees as the MBA, master’s in taxation, or the PhD

Overall, Drexel’s graduates enjoy a high placement rate. International business graduates are employed in a variety of corporate settings, including the pharmaceutical, banking and telecommunication industries. Some students pursue graduate studies or find employment in multilateral governmental organizations.

Visit the Drexel Steinbright Career Development Center page for more detailed information on co-op and post-graduate opportunities.

Minor in Accounting 

Requirements

  • No more than 2 courses or 8.0 credits required by a student’s major may be counted towards this minor.
  • A grade of “C” (2.0) or better must be earned for each course in this minor for it to be counted.
  • No more than two transfer courses may be used to complete this minor. Transfer credits must be taken before matriculated at Drexel.
  • Students should check the pre-requisites of all classes when selecting electives. It is the responsibility of the student to know pre-requisites.
  • Business administration and business & engineering students may complete any of the business minors, including:  accounting, business, economics, entrepreneurship, finance, international economics, legal studies, management information systems, marketing, and operations management.

All prospective students should meet with an advisor from the College as soon as possible. Call 215.895.2110 to set up an appointment.

  


Required Courses
ACCT 115Financial Accounting Foundations4.0
ACCT 116Managerial Accounting Foundations4.0
Select four of the following:16.0
Financial Reporting I
Financial Reporting II
Financial Reporting III
Cost Accounting
Principles of Auditing
Individual Income Taxes
Business Income Taxes
Total Credits24.0

Courses

ACCT 115 Financial Accounting Foundations 4.0 Credits

Introduces preparation of the income statement and the balance sheet. Covers analysis and recording of business transactions and a detailed study of accounting for assets, liabilities, and equity.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit

ACCT 116 Managerial Accounting Foundations 4.0 Credits

Introduces the managerial accounting tools and models available for planning, controlling, and decision-making. Covers budgeting, product costing, and analysis of financial statements for internal purposes.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Prerequisites: ACCT 115 [Min Grade: D]

ACCT 120 Accounting Essentials for New Ventures 4.0 Credits

The course covers essential accounting topics specific to new entrepreneurial ventures. Topics include: Financial Statement, cash flow issues, cost accounting, tax calculations, and choice of business entity.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit

ACCT 195 Financial Accounting 115 Practicum 0.5 Credits

The course provides students with tools and resources to supplement the Financial Accounting Foundations course, ACCT 115, an essential course for success in most business programs of study. The Financial Accounting 115 Practicum course will provide a variety of study strategies and employ various skill development exercises to assist the student in improving their understanding of financial accounting and assimilating fundamental learning competencies.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit

ACCT 196 Managerial Accounting 116 Practicum 0.5 Credits

The course provides students with tools and resources to supplement the Managerial Accounting Foundations course, ACCT 116, an essential course for success in most business programs of study. The Managerial Accounting 116 Recitation course will provide a variety of study strategies and employ various skill development exercises to assist the student in improving their understanding of managerial accounting and assimilating fundamental learning competencies.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit

ACCT 320 Fundamentals of Accounting for New Ventures 4.0 Credits

This course helps students develop an understanding of the key elements of designing an accounting system and support policies and procedures for a new business venture.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Can enroll if classification is Junior or Pre-Junior or Senior.
Prerequisites: ACCT 115 [Min Grade: C] and ACCT 116 [Min Grade: C]

ACCT 321 Financial Reporting I 4.0 Credits

Provides intensive review of current accounting practice in light of authoritative pronouncements and critical study of theory and practice relating to preparing financial statements.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman
Prerequisites: ACCT 115 [Min Grade: C]

ACCT 322 Financial Reporting II 4.0 Credits

Continues critical study of accounting theory and practice relating to financial statement items and selected accounting topics.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman
Prerequisites: ACCT 321 [Min Grade: C]

ACCT 323 Financial Reporting III 4.0 Credits

Covers theory and practice relating to advanced accounting topics, with emphasis on consolidated financial statements.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman
Prerequisites: ACCT 322 [Min Grade: C]

ACCT 329 Advanced Accounting 4.0 Credits

Study of theory and practice related to advanced accounting topics.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Prerequisites: ACCT 323 [Min Grade: C]

ACCT 331 Cost Accounting 4.0 Credits

Continues ACCT 116. Emphasizes the use of accounting information in business decisions.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman
Prerequisites: ACCT 116 [Min Grade: C]

ACCT 341 Principles of Auditing 4.0 Credits

Covers auditing standards and professional ethics, auditing theory and concepts, audit evidence and procedures, and auditors' reports.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit
Restrictions: Cannot enroll if classification is Freshman
Prerequisites: ACCT 322 [Min Grade: C]

ACCT 344 Internal Auditing 4.0 Credits

Internal Auditing brings a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. It is designed to add value and improve an organization's operations. Topics covered include: The Institute of Internal Auditors' International Professional Practices Framework; risk assessment, including internal control system evaluation; and the relationship of management and employee fraud to the internal audit process. Outside speakers and case studies will be used to demonstrate the application of internal auditing practices in the real world.

College/Department: LeBow College of Business
Repeat Status: Not repeatable for credit

ACCT 498 Special Topics in Accounting 12.0 Credits

This course covers topics of particular interest to students in accounting.

College/Department: LeBow College of Business
Repeat Status: Can be repeated multiple times for credit

ACCT 499 Independent Study 5.0 Credits

College/Department: LeBow College of Business
Repeat Status: Can be repeated multiple times for credit

Accounting and Tax Faculty

Hsihui Chang, PhD (University of Minnesota) Department of Accounting and Tax, KPMG Endowed Chair and Department Head. Professor.
Hiu Lam Choy, PhD (University of Rochester). Associate Professor. Financial accounting.
Anthony P. Curatola, PhD (Texas A&M University) Joseph F. Ford Professor of Accounting. Professor. Federal and state income tax policy, retirement income taxation, fringe benefits taxation, educational savings and tax incentives, federal and state income tax research.
Patricia L. Daniel Derrick, PhD (The George Washington University). Assistant Clinical Professor.
Hubert Glover, PhD (Texas A&M University) Department of Accounting and Tax. Associate Clinical Professor. International financial reporting.
Barbara Murray Grein, PhD (Kenan-Flagler Business School, University of North Carolina) Department of Accounting and Tax. Associate Professor. Auditing, auditor selection, audit adjustments, audit fees, corporate governance, financial reporting.
Curtis M. Hall, MBA (University of Arizona). Assistant Professor. Strategic cost management; corporate governance; capital markets research in accounting; human capital investment.
Kevin K. Jones, EDB (Georgia State University). Assistant Clinical Professor.
Natalya V. Khimich, PhD (University of Califormia at Berkeley). Assistant Professor. Equity valuation, earnings quality, and accounting for innovation and intangible assets.
Stacy Kline, MBA (Temple University) Department of Accounting and Tax. Clinical Professor. Individual, corporation; S corporation and partnership taxation.
Gordon Ndubizu, PhD (Temple University) Department of Accounting and Tax. Professor. Financial accounting.
Duri Park, MS (PhD expected in 2013) (Ohio State University). Assistant Professor. Financial accounting, insider trading, investments, and cash holdings.
Bernhard Reichert, PhD, CPA (University of Texas at Austin) Department of Accounting and Tax. Assistant Professor. Behavioral research in accounting and experimental economics.
Mark Vargus, PhD (Wharton School, University of Pennsylvania) Department of Accounting and Tax. Assistant Professor. Capital market research and executive compensation.
Jennifer Wright, MTA Master of Tax Accounting (Villanova University) Department of Accounting and Tax. Associate Clinical Professor.
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