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ACCOUNTING

WHAT IS ACCOUNTING?

Accounting is recognized as a basic component of business management. It is a means by which managers, investors, and creditors are kept informed of the financial status of a business enterprise for purposes of control, decision making, and investing. Accounting, “the language of business”, is fundamental to successful management as well as the basis for maintaining credible stewardship of any sizable organization.

WHY STUDY ACCOUNTING AT BOLER?

Accountancy majors at John Carroll’s Boler College of Business are exposed to aspects of international accounting and the application of professional ethics throughout the curriculum. While the orientation is to instill technical competence and develop analytical skills in accounting, the department is aware that students who decide to major in accounting must also have a firm background in the liberal arts, sciences, business administration and communications. That is why the rich tradition of the Jesuit liberal arts curriculum at John Carroll University contributes to developing the mental dexterity and analytical competence essential for any functioning member of our increasingly complex society.

The primary objective of the department is to prepare students for a career in professional accounting, but the faculty also are dedicated to developing the whole student, one that is able to use the many skills learned at Boler when embarking on his or her chosen career. In accordance with the mission of John Carroll, excellence in teaching is emphasized as well as faculty and student interaction on academic and personal levels. This bond between student and faculty member can be seen on a daily basis as students grapple with difficult subjects and are assisted in their exploration by the extremely dedicated department staff.

POINTS OF INTEREST

  • Accreditation: The Boler College of Business is fully accredited by AACSB International (The Association to Advance Collegiate Schools of Business). In addition, the Accountancy program has accounting-specific accreditation from the AACSB.

  • Reputation in state: Within Ohio, Boler traditionally is the highest or second highest in passing percentage of the CPA exam for first-time test takers.

  • Reputation nationally: Boler has frequently been nationally ranked in terms of passing percentage of the CPA exam for first-time test takers.

Learn More about Our Programs at: Boler.jcu.edu

Accounting

  • Fifth-year Masters Program: Ohio and most other states require CPA candidates to have obtained 150 semester hours (i.e., a fifth year) of education in order to be eligible to sit for the CPA exam and to be licensed as a CPA upon successful completion of the exam. Students who earn a bachelor’s degree majoring in Accountancy can satisfy this requirement by taking additional undergraduate courses to earn the total of 150 hours, or entering a Master’s program. Two masters-level programs which will satisfy most states’ requirements are offered at John Carroll and both of them can be completed in just over one calendar year. Students can choose to earn a Master’s in Business Administration (MBA) or a Master’s of Science in Accountancy

INTERNSHIP PROGRAM

A significant number of accountancy majors perform internships in the spring/ summer semester of their junior year. The internships are paid and with the leading accounting firms and companies. It is not uncommon for the firms to extend a full time employment offer to students following the internship. Around 70 percent of the Boler Accountancy majors take advantage of this opportunity.

LIFE AFTER GRADUATION

The placement record for graduates of the Boler College of Business accounting program has been exceptional. Many graduates go into public accounting, working for accounting firms as auditors, tax professionals, and management advisors. Other graduates work in industry or government. There is considerable career flexibility and a strong support network of accounting alumni who have reached the highest career levels in industry and public accounting. Upon completion of the accountancy program, many graduates seek professional certification by taking the examinations to become a Certified Public Accountant (CPA), a Certified Management Accountant (CMA), and/or a Certified Internal Auditor (CIA)

DEPARTMENT SCHOLARSHIPS

Each year the Department of Accountancy awards over $60,000 in undergraduate student awards and scholarships. These awards are funded entirely by firm contributions. Graduate scholarships for students who choose to stay at JCU for a master’s degree are also available

John Carroll is dedicated to developing socially responsible leaders. With a foundation in Jesuit Catholic teaching, our faculty focuses on providing students with the tools needed to make ethical decisions in business and in the larger community. We believe in educating the whole person: mind, body, and spirit, and ensuring that all aspects of education help students to become well-rounded, well-educated persons.

ACCOUNTING COURSES


The undergraduate AC major requires eight three-credit courses in the major beyond the one principle level class required of all business students. Seven are required courses:

  • AC 303 Intermediate Accounting I
  • AC 304 Intermediate Accounting II
  • AC 305 Intermediate Accounting III
  • AC 312 Cost Analysis and Budgetary Control
  • AC 321 Federal Income Tax I
  • AC 341 Accounting Information Systems
  • AC 431 Auditing

One elective must be chosen from a list of several.

Usually offered electives are:

  • AC 405 Seminar in Accounting: Transfer Pricing
  • AC 422 Federal Taxes II
  • AC 462 Global Accounting and Business Issues
  • AC 483 Advanced Managerial Accounting and Controllership
  • AC 484 Accounting Theory and Policy