Nov 23, 2024

2018-2019 Graduate Catalog

2018-2019 Graduate Catalog This is not the most recent catalog version; be sure you are viewing the appropriate catalog year.

Accounting [BBA] + Taxation [MS]

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The intent of the Bachelor of Business Administration in Accounting and Master of Science in Taxation 150 hrs program is to develop tax professionals who are prepared to serve in the public and private sectors with a broad understanding of compliance, planning and policy elements of tax practice, who are highly skilled in the technological advances in the tax environment, and who are committed to the ethical and legal standards that govern the practice of tax.

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All business students at Eastern Michigan University are required to take a Business Core that provides basic knowledge in statistics, accounting and finance principles, information systems, law, management, marketing, operations management and business policy.

Accounting majors take advanced courses in financial accounting, managerial accounting, tax accounting, accounting information systems, governmental accounting, and internal auditing. The courses provide students with the knowledge and skills needed to identify, measure, collect, analyze and communicate economic information to permit informed judgments and decisions by managers in various organizations and outside users of accounting information. The combined BBA-MS (Taxation) program is designed for individuals interested in developing their understanding of technical aspects of tax planning, tax compliance, and tax policy along with the legal and ethical issues that govern tax practice.

Opportunities

An Accounting Major offers a diverse set of opportunities in all types of organizations: for-profit, non-profit, and local and federal government agencies. Accounting majors generally start their careers in Public Accounting Firms as Staff Accountant and may progress all the way to Partner. Other opportunities may include Tax Accountants and Managers, International Tax Manager/Consultant, Director of Tax, Accounting Manager, Internal and External Auditor, Information Systems Analyst. Over time, Accounting Majors hold senior positions such as Partner, Controller, Chief Financial Officer, and Chief Executive Officer.

Program Admission

Following are the minimal standards for admission to the combined degree program. Generally, each item should be satisfied, though the candidate’s overall record is considered. Transfer credits and grades will be evaluated in terms of Eastern Michigan University equivalency.

Admission to the undergraduate program depends on:

Completion of 90 hours of undergraduate coursework including
- College of Business Admission Criteria (56 hours) See details below
- General Education requirements (see Undergraduate Catalog)
- ACC 340 - Intermediate Accounting
A cumulative GPA of 3.0 on a 4.0 scale
A written statement of personal goals
An interview with the program advisor

Admission to the graduate program depends on:

Completion of 120 hours of undergraduate coursework including course content noted under initial admission above and the undergraduate components (i.e., required and restricted electives)
A GMAT score of 500 or higher OR GRE score of 306 or higher. The GMAT/GRE requirement is waived if the student achieves an aggregate GPA of 3.2 or above (combined) in ACC 340 and three additional EMU ACC courses, other than ACC 240 and ACC 241 . Requests to waive the GRE/GMAT requirement are to be sent via email to the Graduate Programs Office (cob_graduate@emich.edu).
A cumulative GPA of 3.0 on a 4.0 scale
A completed application and payment of a fee to the graduate school.

Candidates should apply to the graduate program at the beginning of their senior year. If taken, the GMAT or GRE must be taken during the fourth year, so that the candidate’s score is received before admission to the fifth year.

To inquire about the specific requirements and to develop the program of study, contact:

Director of Graduate Business Programs | 404 Gary M. Owen Building | Eastern Michigan University, Ypsilanti, MI 48197 | 734.487.4444

Department Information

Accounting & Finance, College of Business

Philip Lewis, Ph.D. | Interim Department Head | 406 Owen | 734.487.3320 | plewis4@emich.edu

Advisor Information

Accounting & Finance Department | 406 Owen | 734.487.3320 | cob_acfn@emich.edu

Undergraduate Admission Criteria: 56 hours

Students seeking admission to any program in the College of Business must complete 56 credit hours of course work to include the courses listed below. The foundation courses for admission to the College of Business must be completed with a minimum earned grade of C- (C required for transfer courses) in each. Students must also have an EMU GPA of at least 2.50.

College of Business Foundation Courses: 21 hours

The following seven COB courses are to be completed prior to COB admission and count toward the total credit hours required for this major.

ACC 240 - Principles of Financial Accounting 3 hrs
ACC 241 - Principles of Managerial Accounting 3 hrs
COB 200L4 - Introduction to Business | GELB 3 hrs
IS 215 - Information Systems for Business 3 hrs
LAW 293 - Legal Environment of Business 3 hrs
MGMT 202 - Business Communication 3 hrs

Choose one course from the following

DS 251 - Business Statistics for Decision Making 3 hrs
DS 265 - Business Statistics I 3 hrs

Non-College of Business Foundation Courses: 15 hours

CTAC 124 - Foundations of Speech Communication | GEEC 3 hrs
ECON 201 - Principles of Macroeconomics | GEKS 3 hrs
ECON 202 - Principles of Microeconomics | GEKS 3 hrs
Quantitative Reasoning (GEQR) requirement 3 hrs See Undergraduate Catalog for details
WRTG 121 - Composition II: Researching the Public Experience | GEEC 3 hrs or ENGL 121

Additional Coursework: 20 hours

In addition to the courses listed above, students must complete an additional 20 credit hours of course work prior to admission to the College of Business.

General Education Requirements:

For specific requirements, please see the Undergraduate Catalog or print a General Education Worksheet .

Undergraduate Program Requirements: 60 hours

Business Core: 36 hours

College of Business Foundation Courses: 21 hours

The following COB courses are to be completed prior to admission and count towards the total credit hours required for this major.

ACC 240 - Principles of Financial Accounting 3 hrs
ACC 241 - Principles of Managerial Accounting 3 hrs
COB 200L4 - Introduction to Business | GELB 3 hrs
IS 215 - Information Systems for Business 3 hrs
LAW 293 - Legal Environment of Business 3 hrs
MGMT 202 - Business Communication 3 hrs

Choose one course from the following

DS 251 - Business Statistics for Decision Making 3 hrs
DS 265 - Business Statistics I 3 hrs

Post Admission Core Requirement: 15 hours

All 300-level Core Courses listed below must be completed before enrollment in MGMT 490. OM 374 can be taken concurrently with MGMT 490.

FIN 350 - Principles of Finance 3 hrs
MGMT 386 - Organizational Behavior and Theory 3 hrs
MGMT 490 - Business Policy 3 hrs
MKTG 360 - Principles of Marketing 3 hrs
OM 374 - Introduction to Operations Management 3 hrs

Discipline: 24 hours

Required Core Courses: 21 hours
ACC 296 - The Accounting Cycle and Profession 3 hrs
ACC 340 - Intermediate Accounting 3 hrs
ACC 342 - Managerial Cost Accounting 3 hrs
ACC 356 - Accounting Information Systems 3 hrs
ACC 496W - Financial Management and Controllership 3 hrs
ACC 540 - Corporate Financial Reporting 3 hrs
ACC 544 - Federal Income Taxation 3 hrs
or ACC 344 - Principles of Taxation 3 hrs
Restricted Accounting Elective: 3 hours

If ACC 344 was taken above, course must be at the 500-level

Choose one course from the following
ACC 442 - Advanced Cost Accounting 3 hrs
ACC 450 - Internal Auditing 3 hrs
ACC 460 - Principles of Fraud Examination 3 hrs
ACC 475 - International Accounting 3 hrs
ACC 479 - Special Topics 3 hrs
ACC 491 - Accounting Honors Thesis 3 hrs
ACC 499 - Directed Studies 3 hrs
ACC 510 - Contemporary Accounting Information Systems 3 hrs
ACC 511 - Accounting Data Analytics and Emerging Technologies 3 hrs
ACC 541 - Advanced Financial Accounting 3 hrs
ACC 546 - Government and Non-Profit Accounting 3 hrs
ACC 548 - Information Systems Audit and Control 3 hrs
ACC 550 - Professional Internal Auditing 3 hrs
ACC 560 - Fraud Examination 3 hrs
ACC 572 - Investment and Tax Financial Planning 3 hrs
ACC 584 - Tax Research Methods, Practice and Problems 3 hrs
ACC 585 - Federal Taxation of Corporations and Partnerships 3 hrs
ACC 592 - Special Topics 3 hrs

Minor Requirement:

This major does not require a minor

Undergraduate Degree Total:

For the undergraduate portion of this program, students must earn a minimum total of 124 credits at the 100-level or above.

Important Information

Students must have a 3.0 GPA
A GMAT score of 500 or higher OR GRE score of 306 or higher (must be taken during the fourth year, so that the candidate’s score is received before admission to the fifth year)
Students must be admitted to the graduate portion of the program before registering for courses in the graduate section of this program of study.
Graduate courses taken as an undergraduate student can not be applied to the Graduate portion of this program.
Students who intend to sit for the CPA examination in Michigan must elect ACC 546 - Government and Non-Profit Accounting and should also consider ACC 540 and ACC 567 at a minimum, in order to sit for CPA exam.

Graduate Degree Requirements: 24 hours

Required Courses: 12 hours
ACC 584 - Tax Research Methods, Practice and Problems 3 hrs
ACC 585 - Federal Taxation of Corporations and Partnerships 3 hrs
ACC 686 - Advanced Corporate and Trust/Estate Taxation 3 hrs
ACC 687 - Tax Compliance, Research and Policy 3 hrs
Note | If ACC 584 or ACC 585 is taken as part of undergraduate portion of the program, a replacement restricted graduate level ACC course should be taken in its place.
Restricted Electives: 12 hours

Choose four courses from the following
ACC 511 - Accounting Data Analytics and Emerging Technologies 3 hrs
ACC 541 - Advanced Financial Accounting 3 hrs
ACC 546 - Government and Non-Profit Accounting 3 hrs
ACC 567 - Professional Auditing 3 hrs
ACC 572 - Investment and Tax Financial Planning 3 hrs
ACC 675 - International Accounting and Taxation 3 hrs
ACC 681 - Special Topics 3 hrs
ACC 684 - Electronic Tax Preparation 3 hrs
ACC 699 - Independent Study 3 hrs
LAW 615 - Law for Financial Professionals 3 hrs
Note | Courses taken as an undergraduate will not count towards a graduate degree.

Combined Program Total: 150 hours

Critical Graduation Information

The following are minimum requirements for all bachelor’s degrees awarded by Eastern Michigan University. Some majors and minors require more than the minimum in one or more of the areas below; students are urged to consult the on-line catalog for the requirements of their particular programs.

Earn a minimum total of 124 credits at the 100-level and above. Courses with numbers below 100 will not be counted toward this degree requirement. At most 8 credit hours of physical education (PEGN) activity courses will be counted toward this requirement.
Meet the requirements of the General Education program (see information below).
Complete a Writing Intensive (WI) Course in your major.
Earn a minimum of 45 credits from a four-year college or university; courses taken at community colleges cannot be used to meet this requirement. (Some formal program-to-program articulation agreements modify this requirement. See specific agreements for details.)
Earn a minimum of 30 credits from courses taken at EMU.
Complete 10 of the last 30 hours for the degree from courses taken at EMU.
Have a minimum of 30 unique credit hours in their major and 20 unique credit hours in their minor for a total of at least 50 unique credit hours between them. Some majors that require 50 or more hours themselves do not require a minor; students should check requirements of the selected major in the undergraduate catalog to see if a minor is required.
Earn no more than 60 credit hours in one subject area (prefix). Credits in excess of the 60 maximum will not be counted toward the minimum of 124 credits required for a bachelor’s degree.
Earn the minimum number of credits in 300-level and above courses in each major and minor as specified below - these credits must be earned in distinct courses; that is, no course can be used to fulfill this requirement in more than one major or minor.
- Earn a minimum of 6 credits in 300-level or higher courses at EMU in each minor
- Earn a minimum of 9 credits in 300-level or higher courses at EMU in each major that requires a minor.
- Earn a minimum of 15 credits in 300-level or higher courses at EMU in each major that does not require a minor
Transfer credit will be awarded for courses taken at colleges and universities that are accredited by one of the recognized regional accrediting bodies only if the courses are college-level (equated to 100-level or above at EMU) and the student earned a “C” (or 2.0 on a 4 point scale) or better. Transfer credit may be awarded on a case-by-case basis for college-level courses in which a “C” (2.0) or better was earned at institutions outside the U.S. or at non-accredited U.S. institutions; the internal review of such courses is conducted by individual departments/schools within EMU, and additional documentation may be required. Please note: EMU awards only credits for transferred courses; grades are not used in the calculation of an EMU GPA.
Earn a minimum cumulative GPA of 2.0 in courses taken at EMU in order to graduate. In addition, a minimum cumulative GPA of 2.0 must be reached in each major and minor. Only courses taken at EMU and those applied to a student’s major or minor, will be used in the calculation of their major and minor cumulative GPAs. (Note: some programs may require a higher GPA - check with your program advisor.)

General Education Requirements | EMU’s General Education Program requires students to choose from a menu of approved courses in several different areas; do not assume that other courses in the same department or with similar names will fulfill these requirements. A detailed description of General Education requirements is available on the General Education section of the undergraduate catalog.

Students who transferred to EMU may have modified general education requirements based on Michigan Transfer Agreement (MTA) or articulation agreements; consult your academic advisor for additional information.