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Accountancy

Accountancy

In your world, accountants will elevate value creation beyond financial performance to measure environmental impacts and risks, and community empowerment, shifting shareholder returns to broad stakeholder equity.

In the past, people assumed that accountants played mainly reactionary and reporting roles as financial historians and tax return preparers. Like everything, the role of the accountant is changing.

Today, Boler accountancy graduates stand at the center of global business disruption and change. Going forward, at every stage of your career, you will have the chance to play a strategic, proactive role — mining and developing information to harness forces — technology, data, globalization — to realize the holy grail of sustainable value creation.

What You Will Do

Most Boler graduates become Certified Public Accountants and serve within public accounting firms, public and private corporations, and government bodies and municipalities. Over the past decade, Boler accountancy graduates have been among the nation’s top performers on CPA exam pass rates. Boler is proud of its near 100% job placement for all Accountancy graduates.

The largest and most well-known firms (Big Four Deloitte, PricewaterhouseCoopers, Ernst & Young, KPMG) comprise the four largest professional services networks in the world, offering audit, assurance services, taxation, management consulting, advisory, actuarial, corporate finance and legal services. The Big Four handle most audits for public companies as well as many private companies. This group was once known as the "Big Eight", and was reduced to the "Big Six" and then "Big Five" by a series of mergers. The Big Five became the Big Four after the fall of Arthur Andersen in 2002, following its involvement in the Enron scandal.

What You Will Learn

As a Boler accounting student, you will gain a distinct balance of Ignation values, broad knowledge and specific skills/tools needed to flourish in a changing profession.

Your broad core and business knowledge will help you to:

  • Balance sometimes competing customer/stakeholder/sustainability priorities
  • Advocate for long-term and ethical leadership and strategy
  • Anticipate and adapt to changing market conditions
  • Communicate with the clarity needed to build investor and stakeholder confidence
  • Inform and model fair-minded management that attracts and retains critical talent

Hands-on experience and exposure to emerging trends will set you apart in the job market.

Internships

Boler accountancy graduates pursue and secure top internships at large and mid-sized firms across Northeast Ohio and nationally. This early professional experience empowers Boler graduates to perform among the nation’s best on CPA exam pass rates, and underscores Boler’s near 100% job placement for all Accountancy graduates.

Short Term Study Abroad

Boler accountancy students can experience globalization, and its impact on markets and constantly adapting accounting and finance regulations, through a distinct Short Term Study Abroad trip. The trip brings together working professionals from the MBA program and accountancy students, and is led by faculty member Jerry Weinstein.

Your advanced technical accounting skills will enable you to:

  • Guide organizations on how best to integrate governance, risk management, and control systems
  • Exceed compliance requirements and empower entrepreneurial and prudent management
  • Ensure that financial strategy and navigation look beyond short-term earnings to support long-term economic viability
  • Apply operations discipline to ensure that resource allocation aligns with strategic goals and objectives.

 

Job Outlook 

Hiring rates for new accountants remain strong, especially at the graduate degree level. A long track record of success — on the job, on the CPA Exam and as senior managers — means that Boler graduates attract strong interest and very good initial job offers.

Recent Job Placements

Accountancy Program Requirements

Bachelor of Accountancy: 68 credit hours as described below.

Business Core: 41 credit hours, including MHR 463.

Major Courses: 27 credit hours (a minimum of 15 hours must be in residence), including AC 303, 304, 305, 312, 321, 341, 431, and two electives.

Elective Courses in Accountancy (AC 405, 422, 461, 480, 481, 483, 484, 498) enable majors to increase their expertise in several career paths.

Comprehensive Examination: Majors must pass a comprehensive examination before graduating. Seniors take this examination in the semester they intend to complete the undergraduate accountancy curriculum. Those who fail the first written comprehensive will normally be given a second examination. Students who fail both examinations will be required to show evidence of further study in accounting and will subsequently be retested.

Boler Accountancy Curriculum

Major in Accountancy: 68 credit hours as described below:

Year

Semester

Course Name

Credits

First Fall EN 125 or CO 125 Language or general elective 3
  Fall MT 130 2
  Fall EC 201 2
  Fall University Core (TRS 101) 2
  Fall AR 101B 2
  Spring CO 125 or EN 125 Language or general elective 3
  Spring BI 107-109 1
  Spring EC 202 3
  Spring EC 207 3
  Spring University Core (Global Community) 3
  Spring BPD 102 3
Second Fall AC 201 3
  Fall EC 208 1
  Fall University Core (Human Experience linked course) 3
  Fall University Core (Human Experience linked course) 3
  Fall BI 200 or MN 202 3
  Fall BPD 201 1
  Spring Corporate Social Responsibility 3
  Spring MN 202 or BI 200 1
  Spring University Core (Natural World linked course) 3
  Spring University Core (Natural World linked course) 3
  Spring University Core (Knowledge and Reality) 3
  Spring BPD 202 3
Third Fall MN 325 3
  Fall BI 326 1
  Fall FN 312 3
  Fall AC 303(must complete with a C or better) 3
  Fall University Core (TRS elective) 3
  Fall BPD 301 1
  Spring/Summer AC 304 (must complete with a C or better) 3
  Spring/Summer AC requirement (AC 321, 312, or 341) 1
  Spring/Summer MK 301 3
  Spring/Summer University Core (Social Justice) 3
  Spring/Summer University Core (PL 311) 3
  Spring/Summer BPD 302 3
Fourth Fall AC requirement (AC 341, 321 or 312) 3
  Fall AC requirement (AC 312, 321, or 341) 1
  Fall AC elective (AC 4XX) 3
  Fall MN 463 (fall/summer only and prerequisite to MN 464) 3
  Fall University Core (CAPA), plus more credits to equal 3 credit hours 3
  Fall BPD 401 1
  Spring AC requirement (AC 431) 3
  Spring AC elective (AC 4XX) 1
  Spring MN 464 spring and summer only, MN 463 is a prerequisite 3
  Spring MN 499, FN 312, BI 326, MK 301 and MN 325 are prerequisites 3
  Spring University Core (if 3 semesters of language taken) or general elective to reach 120 credits 3
  Spring BPD 402 3

120 credit hours are needed to graduate.

* University core course placement is a suggestion and can be taken in any order. They business core courses can typically be switched between fall and spring without any problem. Please consult the prerequisite planning guide and your advisor for confirmation. Major courses should not be exchanged without direct permission from your advisor or department chairperson.


To view the 2017 suggested course sequence please click here.

A list of the Accountancy Course Descriptions can be found here.

Post-Baccalaureate Accountancy Credits

Students from any college who have earned a bachelor’s degree and desire the necessary course work to be eligible to sit for the CPA examination in Ohio must complete a minimum of 30 semester hours in Accountancy and 24 hours in other business subjects. It is recommended that students accomplish the primary sequence indicated below, two accounting electives, and other business courses as required (e.g., business law, economics, finance, marketing, management). Students may discuss the various options with a member of the Department of Accountancy.

For complete information, visit the website of the Ohio Accountancy Board at http://acc.ohio.gov/.

Accountancy Sequence applicants should contact the assistant dean for graduate business programs at 216-397-1970. Official transcripts of all previous college work should be sent to the assistant dean’s office in the Boler School.

Primary Sequence

AC 201-202 Accounting Principles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  6 cr.

AC 303-304-305 Intermediate Accounting . . . . . . . . . . . . . . . . . . . . . . . . .  .  9 cr.

AC 312 Cost Analysis and Budgetary Control . . . . . . . . . . . . . . . . . . . . . . . .  3 cr.

AC 321 Federal Taxes I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  3 cr.

AC 341 Accounting Information Systems . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 cr.

AC 431 Auditing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 cr.

Electives Select at least two of the following:

AC 422 Federal Taxes II . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 cr.

AC 480 Information System Control. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  3 cr.

AC 475 Fraud Examination. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 cr.

AC 483 Seminar in Controllership. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 cr.

AC 484 Financial Accounting Theory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 cr.

AC 489 Financial Accounting- Special Entities. . . . . . . . . . . . . . . . . . . . . . 3 cr.

AC 498 Short Term Study Abroad Trip. . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 cr.

CPA ranked #1 in Ohio

John Carroll University accountancy graduates ranked #1 in Ohio for overall pass rate for First Time takers for both the Auditing & Attestation (AUD) and the Financial Accounting & Reporting (FAR) sections (for institutions with at least 10 takers). 

JCU ranked 23rd nationally in 2016 CPA exam pass rate for First-Time takers from institutions with 21 to 65 reported candidates. This grouping includes over 300 institutions. The JCU pass percentage was 67.1% compared to the national average of 54.4%.

This information is from the Candidate Performance on the Uniform CPA Examination, the NASBA Report on the CPA Exam - 2016 University Edition.

Top 1% of Business Programs Worldwide

Boler School of Business holds Association to Advance Collegiate Schools of Business (AACSB) accreditation at the undergraduate and graduate levels as well as the independent accountancy accreditation, a distinction held by only one percent of business programs worldwide.

Bloomberg

Bloomberg Certified

We encourage every Boler student to earn Bloomberg Certification. By completing the (free) self-paced Bloomberg Market Concepts (BMC) e-learning course, you gain a credential that tells employers you have a firm grasp of the gold standard financial markets data platform.

Learn More

Industry Statistics

11% job growth expected for accountants and auditors from 2014 to 2024 – faster than other occupations.
19% Share of women partners in U.S. CPA firms, even though women comprise 50% of all new CPAs in the accounting profession.
73% Average offer-acceptance rate for accounting and finance graduates entering the workforce