The Accounting Major

An accounting degree can prepare you for professional, industrial, managerial or governmental accounting, with strong potential for career advancements. In preparing for any business career, a strong foundation in accounting will provide the variety of skills necessary to succeed in today's complex financial world. The rigorous and comprehensive accounting curriculum at UCF focuses on the real-world challenges of accountancy, emphasizing techniques in problem solving, information analysis and quantitative methods.

The Accounting Student

Accounting is defined by the American Institute of Certified Public Accountants (AICPA) as “the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character, and interpreting the results thereof.”

Please Note: the information listed on the website is for the 2013 Catalog Year. Please refer to your degree audit if you are declared in an earlier Catalog Year.

Curricular Learning Goals

UCF Accounting graduates will be able to:

Discipline Specific Knowledge, Skills, Behavior and Values Outcomes

  1. Design and use an accounting information system and related analysis tools.
  2. Assess the integrity of financial information.
  3. Demonstrate knowledge of the mechanics of financial statements and how information flows through each statement.
  4. Demonstrate comprehension of technical auditing concepts.
  5. Calculate and interpret major indicators of financial performance.
  6. Demonstrate knowledge of the roles and responsibilities of the professional accountant in society.

Critical Thinking Outcomes

Analyze and use accounting information for decision-making purposes.

Communication Outcomes

Analyze and effectively communicate information regarding accounting issues using a written format.

Assessment of Accounting Outcomes

These outcomes will be assessed using a variety of assessment methods, including:

  • Exams
  • Projects
  • Written assignments
  • Case studies

Core Business Courses

Business Core (36 credits)

GEB 3031 Cornerstone Lecture
(1st or 2nd term Admitted)
(PR: Admitted to the College of Business, Junior Standing CR:GEB3031L)

GEB 3031L Cornerstone Lab
(1st or 2nd term Admitted)
(PR: Admitted to the College of Business upon completion of business prerequisites CR: GEB 3031)

MAR 3023 Marketing
(PR: Admitted to UCF)

GEB 3375 Intro to International Business
(PR: ACG 2021, ACG 2071, ECO 2013, ECO 2023 and Junior Standing)

BUL 3130 Legal & Ethical Environments of Business**
(PR: Admitted to the College of Business upon completion of business prerequisites, Junior Standing)

ECO 3411 Quantitative Business Tool II
(PR: Admitted to the College of Business, ECO 2013, ECO 2023 & ECO 3401, Junior Standing)

FIN 3403 Business Finance
(PR: ACG 2021, ECO 2023 and Junior Standing)

MAN 3025 Management of Organization
(PR: Admitted to the College of Business upon completion of business prerequisites, Junior Standing)

MAR 3203 Supply Chain Management
(PR: Admission to the College of Business or completion of ECO3401 with a "C" or better)

Graduating Semester:
MAN 4720 Strategic Management/Capstone
(PR: MAN 3025, MAR 3023, FIN 3403 and GEB 3031 & GE3031L)

Accounting Major Courses

Required Courses

ACG 3131 Intermediate Financial Accounting I
(PR: Junior Standing, ACG 2021 & ACG 2071)

ACG 3361 Cost Accounting I
(PR: Junior Standing, ACG 2021 & ACG 2071)

ACG 3141 Intermediate Financial Accounting II
(PR: ACG 3131)

ACG 3501 Financial Accounting for Governmental & Nonprofit Organizations
(PR: ACG 3131)

ACG 4401C Accounting Information Systems
(PR: ACG 3131 & CGS 2100C)

TAX 4001 Taxation of Business Entities & Transactions
(PR: ACG 3131)

ACG 4651 Auditing
(PR: ACG 3141 & ACG 4401C)

ACG 4803 Advanced Issues in Financial Accounting
(PR: ACG 3141, ACG 3361 & ACG 3501)

Recommended Course Sequence
Plan of Study

 

 

Internships

Accounting Majors are unable to apply internship credit towards their major requirements. However, internships are available to all students at the University of Central Florida for elective credit through the Experiential Learning office, which works with all majors.

For help finding an Internship, please go to the Business Satellite Office of Experiential Learning, located in BA1, room 130. The phone number is (407) 823-5581 and the website is www.explearning.ucf.edu.

Internships are academic courses that allow students to apply classroom theory in a practical work setting and gain personal, academic and work competencies.

  • One semester
  • Major-related
  • Off-campus
  • Usually for credit
  • Paid or unpaid
  • Structured for learning

Careers

What can I do with this major?

General Information and Strategies

  • Earn good grades. Grades are an indicator of technical competence in accounting and of a person's work ethic.
  • Potential employers place a big emphasis on strong interpersonal skills. Demonstrate these skills by having a well-rounded background.
  • Actively participate in student organizations to develop leadership skills.
  • Develop excellent computer skills.
  • Learn to work well within a team.
  • Develop strong communication skills.
  • Gain work experience and learn information about careers through internships. Consider completing internships in the spring semester, not just summer term.
  • Join Beta Alpha Psi, the honorary fraternity for accounting and finance information professionals, to gain knowledge about the accounting profession.
  • Certifications are available through the Institute of Internal Auditors or the Institute of Management.
  • Accountants may increase job marketability in some areas of accounting.
  • Accounting students should develop their analytical, critical-thinking and problem solving skills. Develop high ethical standards.
  • Accuracy and attention to detail are important traits for accountants.
  • Accounting is a versatile degree. Students who graduate with a major in accounting may find jobs in many areas of business including: banking, financial planning, sales, production management, client management, product development, procurement, and general management.

 

Public Accounting

Area

• Auditing/Assurance Services • Tax • Environmental Accounting • Forensic/Investigative Accounting • International Accounting • Personal Financial Accounting

Employer

Public Accounting Firms: • Large • Regional • Local

Information

• Public accounting firms hire candidates who meet the educational requirements for sitting for the CPA exam. • State laws govern the practice of accountancy and specify the requirements to sit for the CPA exam.

Corporate Accounting

Area

• Financial Management • Financial Reporting • Internal Auditing • Cost Accounting • Tax planning • Budget Analysis

Employer

Companies of all sizes, in all industries

Information

Many managers in corporate settings obtain an MBA degree after several years of work experience.

Government

Area

• Auditing • Financial Reporting • Financial Management • Budget Analysis • Research

Employer

Federal agencies and departments: • Federal Bureau of Investigation • Internal Revenue Service • Department of Treasury • General Accounting Office • Office of Management & Budget • Securities Exchange Commission • State and local agencies

Information

• Complete an internship in a government agency. • Become familiar with the government application process. • Accounting is a Òhot areaÓ in government hiring and many opportunities exist in the public sector.

Education

Area

• Teaching • Researching • Consulting

Employer

Universities and Colleges

Information

• A Ph.D. in Accounting or a DBA, Doctorate in Business Administration, in accounting is generally required. • Maintain a high GPA and secure strong faculty recommendations.

Non-Profit

Area

• Accounting • Internal Audit • Financial Planning • Budgeting • Money Handling • Record Keeping

Employer

• Social service agencies and organizations • Hospitals • Public school systems • Universities and Colleges • Religious organizations • Libraries and museums • Political parties • Labor unions

Information

Volunteer at non-profit organizations and build a network of contacts in the non-profit sector.

Certificates

No certificates are offered for this major.