Accounting, B.S.

Objectives of the Accounting Program

Provide students with the technical and professional knowledge needed for entry-level positions in all areas of accounting.
Develop and enhance the skills needed for success in accounting careers including communication and interpersonal skills, technological skills, research skills, and problem-solving skills.
Provide students with exposure to global, political, social, legal, regulatory, ethical and environmental issues as these issues relate to business and accounting.
Offer a well-rounded business education and ac- counting foundation sufficient for future career growth and further educational development.
For students interested in becoming Certified Public Accountants (CPAs):
1. Offer the courses required by the state of Maryland to sit for the CPA examination, and
2. Provide opportunities for students to obtain the 150 credit hours required to become a CPA.

Requirements for a Major in Accounting

In addition to the General Education requirements, accounting majors must also complete the School of Business and Management requirements and Accounting Major requirements. Under the School of Business and Management requirements, accounting majors must take ACCT 211 and ACCT 212 , instead of ACCT 201 and ACCT 202 . ACCT 211 and ACCT 212 are Principles of Accounting I and II for Accounting Majors.

Also, one SBM elective is required under the School of Business and Management requirements. Any 300 level course in the business school may be taken to satisfy the SBM elective. However, students expecting to sit for the CPA examination in the State of Maryland should take BUAD 382 (Business Law) for the SBM elective since this course is required for the CPA examination.

In addition, accounting majors must take 24 credit hours in accounting major requirements as listed below:

Required Accounting Courses: 21 Credits

ACCT 300 - Cost Accounting 3 Credits
ACCT 308 - Accounting Information Systems 3 Credits
ACCT 320 - Federal Income Tax I 3 Credits
ACCT 331 - Intermediate Accounting I 3 Credits
ACCT 332 - Intermediate Accounting II 3 Credits
ACCT 406 - Auditing 3 Credits
ACCT 499 - Contemporary Accounting 3 Credits

Accounting Electives: 3 Credits

Any one of the following:

ACCT 307 - International Accounting 3 Credits
ACCT 321 - Federal Income Tax II 3 Credits
ACCT 401 - Advanced Accounting (Honors) 3 Credits
ACCT 402 - Governmental & Non-Profit Accounting (Honors) 3 Credits

Substitute Courses

Both of the following two courses may be completed to substitute for one accounting elective:

ACCT 480 - Volunteer Income Tax Assistance (Vita) 1 Credits
ACCT 497 - Accounting Internship/ Co-Operative Education 2 Credits

The 150-Credit Hour CPA Examination Requirement

The State of Maryland also requires candidates for the CPA examination to complete 150 credit hours before receiving the CPA license. Students have two options for satisfying the 150-hour requirement. They are:

take additional undergraduate courses in the major or any other courses (recommended courses include information systems, computer science, communications, finance and foreign languages); or
pursue the general MBA or the MPA (master’s in accounting) degree as offered by the SBM.

Senior students with an overall GPA of 3.0 or better may register for up to six (6) credit hours of graduate (MBA or MPA) courses at Morgan during the senior year, before completion of the undergraduate program. Students who plan to enter either the MBA or MPA graduate program at Morgan State University to satisfy the 150-hour requirement after completing the undergraduate degree at Morgan should take the Graduate Management Admissions Test (GMAT) during the summer after the junior year and apply for the masters’ program during the second semester of the senior year.

Suggested Curriculum Sequence:

Accounting