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Major

Minor

Courses

Academic
Standards


Accounting
Division of Business and Economics

(College of Professional Studies)
C.R. Marshall, Chair of Division of Business and Economics
Room 424, College of Professional Studies
Phone: 715-346-4576
E-mail: dbe@uwsp.edu

Web: www.uwsp.edu/business

Accounting Faculty: C Konieczki, W Love, W Maas, C Schalow

Randy Cray, Director
Central Wisconsin Economic Research Bureau
Room 434, College of Professional Studies
Phone: 715-346-2537

Tracy Hofer, Director
Center for Economic Education
Room 428, College of Professional Studies
Phone: 715-346-3874

Sally Trainer, Advising Director
Peer Advising Office
Room 476, College of Professional Studies
Phone: 715-346-2384

The Division of Business and Economics offers programs in

  1. accounting
  2. business administration
  3. economics

Faculty members of the division participate in research related to their areas of academic interest. In addition, each of us is involved in professional development activities through active memberships in professional societies and associations and community agencies.

To further enhance your career preparation when you major or minor in accounting, business administration, economics, we encourage you to expand your classroom work through active participation in student and professional clubs, societies, associations, and volunteer work related to your area of study. We also encourage you to participate in internships for experience in actual business environments.

We in the Division of Business and Economics make every effort to notify current and prospective majors of new program standards. Depending on the nature of the program change, we may do so using email, Web pages, orientation sessions, the department advising office, faculty advisors, the catalog, and letters.

Admission to the Division of Business & Economics Majors
All our majors (accounting, business administration, economics-social science, and economics-business economics) are limited enrollment majors. Because we have limited space in our program, we cannot guarantee everyone admission.

We recommend you declare your intent to pursue your DBE major:

  1. when you apply for admission to UWSP

  2. when attending a freshman orientation meeting

  3. when attending a transfer-student orientation meeting

  4. or when you attend an “Introduction to the Major” session offered by the DBE Advising Office.

We do not require that you declare your intent to become  an accounting, business or economics major but highly recommend that you do so. As an intended major, you can receive specialized advising from the Division Advising Office and regular updates on events and deadlines.

You must apply for formal admission to your selected DBE major before completing 18 credits in the major. You are eligible to apply once you have completed at least 45 credits toward your UWSP degree. If you wish to request consideration of exceptional circumstances, do so in writing to the DBE Admissions Committee.

We have designed the admission policies for the Division of Business and Economics to support your success in your major. See the descriptions of specific majors for admissions requirements. See the Division of Business & Economics Advising Office and web site for application procedures, forms, and deadlines.

To switch majors or to pursue a second major within the division, apply for that major. See the descriptions of specific majors for admissions requirements. If you are switching majors within the DBE or adding a second DBE major, you may apply even if you already have over 18 credits in the new major, as long as you have met all other admission requirements.

Academic Standards for the Division of Business & Economics
The following academic standards apply to all division majors (accounting, business administration, economics-social science and economics-business economics).

  1. In-major GPA: If you have a major in our division (accounting, business, economics-social science, or economics-business economics), your in-major GPA is calculated based on all courses counting towards your major; this includes courses from other departments as well as from the DBE.

If you switch from one DBE major or minor to another, only courses applicable to the new program are included in your new in-major GPA calculation.

If you are a transfer student, all your grades (including grades of D and F) earned at another campus for all classes required for a DBE major are included in the calculation of your in-major GPA.

  1. Satisfactory Progress: As a student enrolled in a DBE major GPA standard (2.5 for Accounting or Business Administration and 2.25 for Economics) by the time you have completed 18 credits in your major.

Also maintain reasonable and satisfactory progress in completing the requirements of the major. Issues related to reasonable progress will be decided by the department chair.

If you have not attained the required in-major GPA by the time you have completed 18 credits in the major, you will be dropped from the major and will not be allowed to re-declare the major.

After you have completed 18 credits in your major, maintain your in-major GPA in good standing. If your in-major GPA drops below that major’s standard for two consecutive regular semesters, you will be dropped from the major and will not be allowed to re-declare that major.

If you are dropped from your DBE major, you may submit a written petition for reinstatement to the Admissions Committee.

If your are having trouble maintaining an adequate GPA we encourage you to seek additional assistance from the Tutoring-Learning Center (TLC).

  1. Repeating courses: You may request up to three courses in your DBE major in which you earn a D+, D, or an F. To do so, obtain on-line authorization to repeat from your advisor and the chair of the department in which the courses are offered BEFORE registering for the courses. If you repeat a course at UWSP, only the last grade is used in GPA calculations. Permission to repeat a DBE course is only granted after the close of the regular registration period.

See the policy on repeating courses in the Academic Information section of this catalog. NOTE: You may repeat, at other institutions, courses in which you received a grade of F but NOT courses in which you received a grade of D. The repeated course taken at another institution will satisfy the requirement left unsatisfied by the F. The original F will remain on your transcript.

  1. Pass/fail courses: Any courses you take as pass/fail do not count toward any DBE major or minor.

  2. Degree and Major Requirements: In addition to the requirements of your selected major(s), satisfy the General Degree Requirements (GDRs) of your degree (either BA or BS). See the Bachelor of Arts General Degree Requirements and Bachelor of Science General Degree Requirements sections of this catalog for information on the requirements for each degree.

Regardless of the type of degree earned, the requirements for any DBE major are the same.

The Test-out and Credit-by-Exam Policy
You may earn credit-by-exam for Econ 210 and 211 through the appropriate CLEP examination. Register and pay fees for CLEP exams through the UWSP Testing Service. To receive credit, score in the 50th percentile or higher on the appropriate exam.

For all other courses in the Division of Business and Economics you may test-out, but not receive course credit. After you confer with the chair, a faculty member who teaches the course will prepare a comprehensive exam and inform you of the criteria for passing before you take the exam. A passing grade is at least five percent above the most recent class average. You may take a test-out exam only once. You are not eligible for test-out if you are currently enrolled in the course.

Abbreviations:
Acct = Accounting; Bus = Business; Comm = Communication;
CIS = Computer Information Systems;
DBE = Division of Business and Economics; Econ = Economics;
FOR = Forestry; Geog = Geography; Math = Mathematics;
NRES= Natural Resources; Psyc = Psychology; WSTE = Waste

Professional Certifications
If you’re majoring in accounting, we encourage you to pursue professional certification such as: Certified Management Accountant (CMA), Certified Internal Auditor (CIA), and/or Certified Public Accountant (CPA). You achieve these professional certifications by applying to the appropriate professional organization or state office for admission to a national examination, passing the exam (the CMA and CIA exams may be taken during the senior undergraduate year), and achieving professionally related experience. Professional organizations grant these certifications. Contact any accounting faculty member for more information.

In the courses required for your accounting major, you will prepare for the CMA exam, which the Institute of Management Accounts administers, and the CIA exam, which the Institute of Internal Auditors administers.

Before taking the CPA examination in Wisconsin, complete 150 semester hours of coursework. The additional credits may be either undergraduate or graduate credits.

Admission to the Accounting Major
You must apply for admission to the Accounting major before you complete 18 credits towards the major. You are eligible to apply once you have completed at least 45 credits toward your UWSP degree. You must be admitted to the accounting major to register for some  upper-level courses and to graduate with an accounting major.

Once you are accepted as an accounting major, you can receive specialized, one-on-one advising from division faculty or staff.

Minimum requirements: We encourage you to apply as soon as you have completed all of the following  9-10 credits with at least a 2.25 GPA:

  1. One calculus course: Math 111 or 120 (3-4 credits)
  1. Econ 210 (3 credits)
  1. Acct 210 (3 credits)
  1. CIS 102 (spreadsheet) (1 credit)

If you are a transfer student: Apply before you complete 18 credits in the accounting major OR during your first semester at UWSP.

Exceptions: If you wish to request consideration of exceptional circumstances, do so in writing to the DBE Admissions Committee.

Academic Standards for the Accounting Major and Minor
To graduate with a major or minor in accounting, successfully complete all required courses in the major or minor and achieve a cumulative grade point average of 2.5 or higher in all major/minor required courses. See Academic Standards for the Division of Business & Economics for more information on GPA requirements and for the Division of Business & Economics repeat policy.

The Accounting Major
Successfully complete a minimum of 65-67credits in categories 1 through 4 below:

  1. Foundation: Complete 16-17 credits BEFORE taking any additional 300-400 level courses, including “core” courses.
    1. One calculus course: Math 111 or 120 (3-4 credits)
    2.  CIS 102 (spreadsheet) (1 credit)
    3.  Acct 210 and  211 (6 credits)
    4.  Econ 210 and  211 (6 credits)
  2. Business Core: 15-16 credits: Math 355 or other approved statistics course (3-4 credits); Bus 320, 340, 350, 360.
  3. Accounting Core: 28 credits: Acct 310, 311, 321, 330, 331, 370, 400, 410, 420, 450.
  4. Electives, 6 credits: two courses from Acct 390, 490, 497; Bus 341, 352, 353.

The Accounting Minor
You may declare the accounting minor by submitting the DBE Change Major form from the DBE webpage to the DBE Advising Office. Admission to the accounting minor is available to all students but does not guarantee access to all upper-level courses.

Successfully complete 24 credits:

  1. Required core, 21 credits: Acct 210, 211, 310, 321, 330, 370; Bus 350.
  2. Electives, 3 credits: Acct 311 or 331.

Courses in Accounting

ACCT 210. Introductory Financial Accounting. 3 cr. Principles, concepts, and procedures of financial accounting essential to the preparation, understanding, and interpretation of accounting information. May not be taken for credit after 310. Prereq: So st.

ACCT 211. Introductory Managerial Accounting. 3 cr. Decision-making process using managerial accounting information; cost-volume-profit analysis, cost accounting systems, budgeting, and performance evaluations. May not earn credit in both 211 and 320. Prereq: 210 or cons instr.

ACCT 290. Special Topics in Accounting. Variable cr. Subtitle will designate topic.

ACCT 299. Special Work. Students may arrange for independent study with cons division head. Credit based on scope of project.

ACCT 310. Intermediate Financial Accounting I. 3 cr. Concepts, elements, and generally accepted accounting principles associated with financial statements, including income measurement and valuation of assets and equities. Prereq: 210.

ACCT 311. Intermediate Financial Accounting II. 3 cr. Continued study of concepts and principles underlying financial statements, including leases, pensions, income tax allocations, earnings per share and changes in accounting principle application. Prereq: 310.

ACCT 321. Advanced Managerial Accounting. 3 cr. Planning, control and analysis of production and marketing costs through budgeting and standard cost accounting techniques, including variance analysis and inventory management; revenue and cost allocations; strategic planning and the balanced scorecard. Prereq: 211 or 320.

ACCT 330. Federal Individual Income Taxes. 3 cr. Examine Federal Income Tax Law as it applies to individuals. Includes general concepts, tax return preparation and tax research methods. Prereq: 310 or con reg 310.

ACCT 331. Federal Business Income Taxes. 3 cr. Examine Federal Income Tax Law as it applies to C corporations, S corporations, limited liability companies, partnerships and fiduciaries. Includes general concepts, tax return preparation, tax research methods. Prereq: 310 and 330.

ACCT 370. Accounting Information Systems. 3 cr. Introduction to the concepts, objectives and importance of properly designed accounting information systems. Extensive study of internal controls including systems documentation. May not earn credit in both 370 and Bus 370. Prereq: 310.

ACCT 390. Ethics in Accounting and Business. 3 cr. Principles of ethics and professional responsibility applied to specific workplace situations and business activities. Explore interplay between corporate culture, professional codes of conduct and individual behavior. Develop, clarify, communicate and defend positions on corporate conduct. May not earn credit in both Acct 390 and Bus 390. Prereq: 210 and Bus 320, or cons instr.

ACCT 400. The Accounting Profession. 1 cr. History and development of the accounting profession; professional employment, conduct, organizations, ethics, mores, and publications. Prereq: Cons instr.

ACCT 410. Advanced Financial Accounting (formerly 312). 3 cr. Financial accounting for governmental and other not-for-profit entities, mergers and parent-subsidiary relationships, foreign currency denom-inated investments, SEC reporting, and partnerships. Prereq: 311.

ACCT 420. Seminar in Managerial Accounting. 3 cr. Measurement and analysis of accounting data appropriate to managerial planning and decision making, cost determination, performance evaluation and control. Emphasis on the identification and utilization of performance measures and controls that drive results consistent with corporate strategies. Prereq: cons instr.

ACCT 450. Auditing (formerly 350). 3 cr. Critical examination of evidence supporting financial statements, internal control, working papers, statistical sampling, nonfinancial attestation services, audit reports, and professional standards. Prereq: 311, Math 355.

ACCT 497. Internship in Accounting. Cr arranged. Supervised training work program in a cooperating agency or business. Credit set by chair and acct faculty. Prereq: Cons chair.

ACCT 498. International Internship. 1-12 cr. Supervised training work program in an international agency or business located outside the United States. Credit set by chair and acct faculty. Prereq: Cons chair.

ACCT 499/699. Special Work. Upperclass or graduate students may arrange for independent study with cons chair. Credit based on scope of project. Prereq: Cons chair.

Accounting Latent Courses: Not offered recently. For a full course description, see the printed version of the catalog listed behind the course number (xx-xx).

  • 320  Managerial Accounting, 3 cr. (07-09)

  • 340  Fund Accounting, 3 cr, (89-91)

  • Special Topics in Accounting, cr arranged, (07-09)

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Revised: June 29, 2009.