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Accounting Major Guide for 2008-2009

What is Accounting

The University of Tennessee has one of the leading accounting programs in the nation.  The program emphasizes the conceptual and applied understanding of business information and prepares students for careers in accounting and business.  The program has separate accounting accreditation from AACSB International and is one of the first accounting programs to have earned this designation.  As an accredited program, the UT accounting program continuously meets or exceeds a rigorous set of international accreditation standards and is peer reviewed on a regular basis.

The accounting department prepares students for entry into careers in general accounting or internal auditing and provides preparation for the Master of Accountancy (MAcc) program.  Students who desire to become Certified Public Accountants (CPAs) are encouraged to continue their formal education in UT’s one-year MAcc program.

Career Opportunities in Accounting

The department's national reputation and the consistent quality of its graduates have resulted in solid relationships with public accounting firms, corporations, and governmental entities. Students are regularly recruited for positions in Knoxville, Nashville, Chattanooga, and Atlanta, as well as other cities around the nation.

Salary Trends in Accounting

For 2006-2007, the average accepted salary for UT graduates with a major in accounting (Bachelor of Science in Business Administration) was $41,400.  For additional salary information by occupation in the U.S. or for individual states, visit the Bureau of Labor Statistics’ National Compensation Survey website.

High School Preparation

High school students should follow a college preparatory curriculum and take their high school’s recommended courses in Math, English, and Foreign Language.  Appropriate electives include any business courses, as well as courses in computer software applications and written and oral communication.  The College of Business Administration further encourages all high school students to 1) explore international business issues and opportunities, 2) participate in student organizations and clubs, and 3) volunteer in their community.

How to Major in Accounting

All students admitted into the College of Business Administration are admitted as pre-majors and must earn admission to a major prior to the completion of 75 hours of coursework.

To earn admission to the accounting major, students must attain a minimum cumulative grade point average of 3.0 in the following coursework:

  • Mathematics 123-125 or 141-142 (6 or 8 hours);
  • Written Communication (3 hours from English 255, 295, or 355);
  • Oral Communication (3 hours from Communication Studies 210 or 240);
  • Accounting 200 (3 hours);
  • Economics 201 (4 hours);
  • Statistics 201 (3 hours);
  • Business Administration 201 (4 hours)

Requirements for Accounting

All majors in the College of Business Administration are required to take a total of 120 hours to graduate:  59 hours of general education courses, 14 hours of pre-business core courses, 23 hours of business core courses, and 24 hours of courses in the major. 18 of the 24 hours of major coursework must be taken in residence at the University of Tennessee.  A minimum grade of C must be earned in every course counted towards the major.  When students are admitted to a major in the college, they are required to have a laptop computer.

Special Programs, Co-ops, and Internships

Global Leadership Scholars
The Global Leadership Scholars (GLS) program offered by the College of Business Administration promotes the development of international and intercultural awareness, leadership, and personal and professional growth and responsibility.  Through honors classes, seminars in leadership training, international experiences, and extracurricular activities, GLS students work together and with honors faculty to develop the skills necessary to become future international business leaders.  Applications are accepted from first-year students in their second semester.

Internships
The accounting program offers an opportunity to participate in two full-time, highly structured internship programs.  The faculty strongly encourages accounting majors to participate in one or both programs.  The first program (summer between third and fourth years) emphasizes internships in industry.  The second program (spring or summer of fourth year for students who intend to enroll in the MAcc program) emphasizes internships with public accounting firms.  Exposure to corporate accounting and public accounting provides students with valuable experience to help them make wise career decisions and to increase the knowledge gained from subsequent coursework.  Students may earn academic credit for their internships through enrollment in Accounting 492.

Beta Alpha Psi
Beta Alpha Psi is the international organization for business information professionals with chapters at over 250 universities.  Membership in Beta Alpha Psi indicates high academic and professional standards and is highly regarded by accounting firms and corporations.  Weekly meetings feature current topics in the profession and provide a venue for significant student/professional interaction.

Highlights of Accounting

Within the 24 hours of their major, students may study two areas of emphasis:  their major with a collateral or their major with a dual concentration.  With a collateral, students complete 15 hours in their major and 9 hours in their collateral area.  With a dual concentration, students complete 12 hours in each area of emphasis.  The accounting major offers collateral areas of study in finance, information management, international business, and logistics, as well as a dual concentration option in international business.

Ready for the World logoReady for the World

Seeking to instill a global perspective in all of its students, the College of Business Administration challenges undergraduates to develop the requisite knowledge and skills to prosper in today’s global business environment.  To help students meet that challenge, the college provides these critical tools:  an enhanced core curriculum that covers international business topics in all relevant courses; extraordinary programs for international study and internships; and a unique opportunity to delve into the principles of international business through a collateral or concentration in international business.

The college requires all students pursuing a collateral or dual concentration in international business to have an international educational experience.  Coursework in the international business collateral or dual concentration may be completed through a study abroad program.

Learn more about UT's Ready for the World initiative to help students gain the international and intercultural knowledge they need to succeed in today's world.

Sample Curriculum

Collateral Option
Freshman Year Credit Hours
Written Communication: English 101, 102    6
Quantitative Reasoning: Math 123-125 or 141-142    6 or 8
Cultures and Civilizations: Intermediate Foreign Language    6
Natural Sciences    6 - 8
Social Sciences    3
Oral Communication: Communication Studies 210 or 240    3
Sophomore Year Credit Hours
Accounting 200     3
Social Sciences: Economics 201     4
Written Communication: English 255, 295, or 355    3
Statistics 201     3
Business Administration 201    4
Arts and Humanities    6
Non-US History    3
Electives 3
Junior Year Credit Hours
Business Administration 331-332    4
Business Administration 341-342    4
Finance 301    3
Accounting 301    3
Information Management 341    3
Ethics: Philosophy 243, 244, or 443    3
Business Administration 353    3
Business Administration 361    3
Accounting 311    3
Accounting 411    3
Collateral 3
Senior Year Credit Hours
Accounting 321    3
Accounting 414 or 431    3
Business Law 301    3
Management 401    3
Collateral 6
Electives 4-8
GRAND TOTAL 120

Accounting Collateral Options
Finance –   FIN 425; FIN 435; and FIN 455
Information Management – IM 342; IM 442; IM 443
International Business – Three courses from:  IB 409, 419, 429, 439, 449, or 459; and IB 489
Logistics – LOG 310; LOG 411; LOG 421

Dual Concentration with International Business
Freshman Year Credit Hours
Written Communication: English 101, 102   6
Quantitative Reasoning: Math 121-125 or 141-142 6 or 8
Cultures and Civilizations: Intermediate Foreign Language   6
Natural Sciences   6 - 8
Social Sciences   3
Oral Communication: Communication Studies 210 or 240   3
Sophomore Year Credit Hours
Accounting 200    3
Social Sciences: Economics 201   4
Written Communication: English 255, 295, or 355   3
Statistics 201   3
Business Administration 201   4
Arts and Humanities   6
Non-US History   3
Electives 3
Junior Year Credit Hours
Business Administration 331-332   4
Business Administration 341-342   4
Ethics: Philosophy 243, 244, or 443   3
Accounting 301   3
Finance 301   3
Business Administration 353   3
Business Administration 361   3
Information Management 341   3
Accounting 321   3
International Business 489   0
Senior Year Credit Hours
Accounting 311   3
Business Law 301   3
*International Business    12
Management 402   3
Electives 7-11
GRAND TOTAL 120
*Any four courses chosen from International Business 409, 419, 429, 439, 449 or 459

For More Information

College of Business Administration
Undergraduate Programs
329 College of Business Administration Building
Knoxville, TN 37996
Phone: (865) 974-5096
Fax: (865) 974-6106
Email:  busad@tennessee.edu

 

Note

The information on this page should be considered general information only. For more specific information on this and other programs refer to the UT catalog or contact the department and/or college directly.