Undergraduate College Catalog

Accounting - Financial Planning Major

Overview

Mission Statement

The Department of Business, Accounting, and Economics fosters a comprehensive world-view in each of our students through an interdisciplinary integration of the liberal arts and business studies. Based on this foundation, it is our mission to pursue excellence in business education and to prepare students for successful professional careers, graduate studies, and a lifetime of learning, service, and personal growth.

Broad-based Goals

In order to accomplish its mission, the Department of Business, Accounting, and Economics pursues a set of broad-based goals. They are as follows:

  • to promote a dynamic environment of academic excellence that emphasizes student learning in all programs of study
  • to enhance operational effectiveness and measure excellence in business education through comprehensive programs of outcomes assessment and continuous improvement that are fully integrated with strategic planning
  • to engage in continuing curricular review and development
  • to develop ethical leaders who excel in a variety of organizational environments through contributions to the personal and professional development of students
  • to promote and engage in a variety of faculty development activities
  • to provide significant opportunities for international study, experiential education, and co- curricular activities
  • to foster a stimulating and effective learning and teaching environment for all students and faculty
  • to establish and sustain internal and external collaborative educational relationships and partnerships
  • to enhance visibility, reputation, and service presence by developing and sustaining community, regional, state, national, and international outreach initiatives

Assessment

The Department of Business, Accounting, and Economics affirms the importance of continual and comprehensive assessment of student learning outcomes in all of its programs as a method of measuring excellence in business education. Consequently, the department is committed to the use of outcomes assessment results as a means to achieve its stated purposes and educational goals and to improve student academic and personal achievement. Therefore, all students who pursue majors offered by the department will be required to participate in its ongoing outcomes assessment program, which includes a national standardized test in business.

Study Abroad Opportunities

The Department of Business, Accounting, and Economics currently offers students the following opportunities for international study:

  1. In cooperation with the Presbyterian Church (USA), the British Council, and the Department for Employment and Learning in Northern Ireland, the department participates in the Irish/American Scholars Program. This program provides students with the opportunity to apply to study for either one semester or a full academic year at one of our partner institutions in Northern Ireland: Queen’s University-Belfast, University of Ulster-Coleraine, University of Ulster, Magee College-Derry, University of Ulster-Jordanstown, University of Ulster-Belfast, or the Belfast Metropolitan College.
  2. University of Jamestown is a member of the International Student Exchange Program (ISEP), which is the world’s largest network of colleges and universities cooperating to provide international educational experiences for their students. Through the ISEP network, students have access to affordable, high-quality study abroad programs in any discipline, including business, economics, and accounting. The reciprocal exchange program is designed so that students pay all of their normal fees, including tuition and room and board, to University of Jamestown and then study abroad for a semester, a full academic year, or a summer. Programs in business, economics, and accounting are available in universities throughout Europe, Asia, Australia, Africa, South America, Central America, and North America.

Requirements

Students who pursue the accounting major with a concentration in financial planning must complete the 64-credit-hour major requirements for accounting plus the courses required for the concentration. The following are the requirements for all Accounting Majors, followed by the curriculum requirements for the Financial Planning Concentration:

Core Courses – Accounting

ACCT 201Principles of Accounting I

3

ACCT 202Principles of Accounting II

3

ACCT 301Intermediate Accounting I

3

ACCT 302Intermediate Accounting II

3

ACCT 311Cost/Managerial Accounting

4

ACCT 325Governmental & Not-for-Profit Accounting

3

ACCT 355Income Tax Accounting I

3

ACCT 356Income Tax Accounting II

3

ACCT 451Auditing I

3

ACCT 452Auditing II/SeniorSeminar

3

ACCT 457Advanced Accounting

3

Total Credit Hours:34

Correlative Courses

BUSN 315Business Law I

3

BUSN 316Business Law II

3

BUSN 320Marketing

3

BUSN 321Business Management

3

ECON 201Principles of Microeconomics

3

ECON 202Principles of Macroeconomics

3

CS 240Advanced Office Applications

3

CS 440Management of Information Systems

3

 

MATH 105Applied Business Statistics

3

or

MATH 205Statistics

3

Total Credit Hours:30

Core Courses – Financial Planning

BUSN 301Introduction to Financial Planning

1

BUSN 305Insurance Planning

3

BUSN 310Retirement and Benefits Planning

3

BUSN 330Sales and Sales Management

3

BUSN 440Investments

3

BUSN 450Estate Planning

3

BUSN 451Senior Financial Planning Colloquium

3

ECON 110Personal Finance

2

Total Credit Hours:21

Note 1: Students who pursue the accounting major with a concentration in financial planning may not choose a concentration in financial planning in the business administration major.

Note 2: In order to complete 150 hours in a normal four-year undergraduate program, students would need to take an average of approximately nineteen credits per semester. Therefore, students who plan to sit for the CPA exam might consider summer courses, an additional semester or year, or graduate school to fulfill the 150-hour CPA requirement.

Total Credit Hours: 85

 

Plan of Study

Outcomes

As outcomes of learning in the accounting major, students will be able to demonstrate the following:

  1. Knowledge of the core areas of accounting
  2. The ability to work within a team setting
  3. Effective communication skills
  4. The ability to analyze data
  5. The ability to use decision-support tools
  6. The ability to think critically to solve problems and make business and accounting decisions