Accounting Major Guide for 2011-2012

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 faculty strongly encourage students who desire to become professional accountants, such as Certified Public Accountants (CPAs), to continue their formal education in UT’s full-time, eleven-month Master of Accountancy (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 2009-2010, the average accepted salary for UT graduates with a major in accounting (Bachelor of Science in Business Administration) was $42,400. 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

Freshmen are admitted directly to the College of Business Administration in the first year. Admission to the university is highly competitive and based primarily on academic achievement at the high school level and scores on the ACT and/or SAT.

Students admitted into the College of Business Administration must maintain a minimum 2.50 cumulative grade point average and earn a grade of C or better in the following tracking courses (or honors equivalents) prior to the completion of 75 hours.

  • Mathematics 123-125 or 141-142 (6 or 8 hours);
  • Written Communication (3 hours from English 255 or 295);
  • Oral Communication (3 hours from Communication Studies 210 or 240);
  • Accounting 200 (3 hours);
  • Economics 201 (4 hours);
  • Statistics 201 (3 hours);
  • Management 201 (3 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, 15 hours of pre-business core courses, 22 hours of business core courses, and 24 hours of courses in the major. Of those 24 hours, 18 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. Through honors classes, seminars in leadership training, international experiences, and co-curricular 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 internship program (summer program) emphasizes internships in industry. The second internship program (spring 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
First 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
Critical Courses: English 101 and 102, Math 125 or 141, Communication Studies 210 or 240
Second Year Credit Hours
Accounting 200 3
Social Sciences: Economics 201 4
Written Communication: English 255 or 295 3
Statistics 201 3
Management 201 3
Business Administration 242 2
Arts and Humanities 6
Electives 6
Critical Courses: Accounting 200, Economics 201, English 255 or 295, Math 123 or 142, Statistics 201, Management 201, Business Administration 242
Third 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 244 or 252 3
Business Administration 353 3
Business Administration 361 3
Accounting 311 3
Collateral 3
Critical Courses: Business Administration 331, Business Administration 341, Finance 301, Business Administration 353, Accounting 301, Information Management 341
Fourth Year Credit Hours
Business Law 301 2
Accounting 321 3
Accounting 411 3
Accounting 414 or 431 3
Management 402 3
Collateral 6
Electives 4-8
Critical Courses: Business Law 301, Accounting 311, Accounting 321, Management 402
GRAND TOTAL 120

Accounting Collateral Options
Finance – FIN 425; FIN 435; and FIN 455
Information Management – IM 342; IM 442; IM 443
International Business – Nine hours from: IB 409, 429, 439, 449, 459, 492; Business Administration 400; or Management 472; and IB 489
Logistics – LOG 310; LOG 411; LOG 421

 

Dual Concentration with International Business
First 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
Critical Courses: English 101 and 102, Math 125 or 141, Communication Studies 210 or 240
Second Year Credit Hours
Accounting 200 3
Social Sciences: Economics 201 4
Written Communication: English 255 or 295 3
Statistics 201 3
Management 201 3
Business Administration 242 2
Arts & Humanities 6
Electives 6
Critical Courses: Accounting 200, Economics 201, English 255 or 295, Math 123 or 142, Statistics 201, Management 201, Business Administration 242
Third Year Credit Hours
Business Administration 331-332 4
Business Administration 341-342 4
Ethics: Philosophy 244 or 252 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
Critical Courses: Business Administration 331, Business Administration 341, Finance 301, Business Administration 353, Accounting 301, Information Management 341
Fourth Year Credit Hours
Accounting 311 3
Business Law 301 2
*International Business 12
Management 402 3
Electives 7-11
Critical Courses: Business Law 301, Accounting 311, Accounting 321, Management 402
GRAND TOTAL 120

*Twelve hours chosen from IB 409, 429, 439, 449, 459, 492; Business Administration 400; or Management 472

For More Information

College of Business Administration
Undergraduate Programs
342 Haslam Business 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.