Full-Time Faculty: Edward J. Gress, Chair; Robert R. Davis, Patricia A. Johnson, George F. Kermis III, Eugene P. O’Connor, Joseph B. O’Donnell, Ian J. Redpath, Alison E. Romanowski, Stanley C.W. Salvary.

The Department of Accounting seeks to prepare graduates with the skills that are necessary for entry into and success in the profession of accounting. Accounting professionals are expected to be competent in accounting skills and well rounded in the various disciplines of business and economics. They should also possess excellent communication and interpersonal skills. The program emphasizes the role of accounting as a viable financial information system in all organizations.

Accounting majors take courses in the various fields of accounting: financial accounting, cost and managerial accounting, tax accounting, auditing, accounting information systems, and not-for-profit accounting. These courses are presented in a single balanced integrated concept.

Students completing the program find positions in public accounting, industry, the financial sector, and the government. The positions held by accounting graduates include staff members, managers and partners in accounting firms; comptrollers, budget directors, internal auditors and chief financial officers in industry; financial analysts, loan officers, vice presidents and presidents of banks; IRS and FBI agents, CIA officers and tax administrators in the government.

The Accounting curriculum is registered with the New York State Education Department and qualifies graduates to sit for the C.P.A. Examination. To become a licensed C.P.A., an Accounting graduate should also meet the experience requirement of the State of New York. Relevant experience of two years is required of holders of undergraduate degrees and an experience of one year is required of holders of the M.B.A. in Accounting degree. Detailed information on State certification may be obtained by writing to:

Public Accountancy Processing Unit
New York State Education Department
Division of Professional Licensing Services
Cultural Education Center
Albany, NY 12230

Graduates of the program may also seek other certifications, such as the C.M.A. (Certified Management Accountant) and the C.I.A. (Certified Internal Auditor) designations.

The Department of Accounting offers five degree programs:

1. A Four-Year Undergraduate Program leading to the degree of B.S. in Business Administration (major Accounting). Graduates of this program are eligible to sit for the CPA examination in the State of New York prior to August 1, 2009, the date new education requirements to sit for the CPA examination become effective in the State of New York.

2. A Four-Year Undergraduate Program leading to the degree of B.S. in Accounting Information Systems. Graduates of this program are eligible for a number of certifications such as Certified Computing Professional (CCP) and Certified Information Systems Auditor (CISA). Graduates of this program will also be able to seek a CPA certification prior to August 1, 2009, by completing additional courses. After August 1, 2009, candidates sitting for the CPA examination will have to complete the accounting requirements of the 150-Hour Program.

3. A 150-Hour Program leading to the degree of B.S. in Business Administration (major Accounting) at the end of four years of study and an M.B.A. in Accounting at the end of the fifth year. This program is designed to meet the new education requirements of the State of New York for candidates who wish to sit for the CPA Exam after August 1, 2009. Graduates of this program will have to complete only one year of experience (instead of two years) for licensing by the State of New York upon passing the CPA examination.

4. A Dual Degree Program (B.A./B.S.-M.B.A.P.A.) leading to a bachelor’s degree in liberal arts or natural sciences at the end of four years of study and an M.B.A. in Professional Accounting following a three-semester program of study.

5. An M.B.A. in Professional Accounting to holders of undergraduate or graduate degrees in fields other than accounting. This program meets the education requirements of the State of New York that become effective on August 1, 2009. Graduates of this program will have to complete two years of experience for licensing by the State of New York upon passing the CPA examination. This program is described in the Graduate Catalog. The curriculum requirements of the Four-Year Undergraduate Program in Accounting, the Four-Year Undergraduate Program in Accounting Information Systems, and the 150-Hour Program are summarized in the table below.

Four-Year Undergraduate Program Admission: Admission to the undergraduate accounting programs (the four-year undergraduate program in accounting, the four-year undergraduate program in accounting information systems, and the undergraduate portion of the 150-Hour Program) is predicated upon admission to the Richard J. Wehle School of business. The maintenance of an overall G.P.A. of 2.00 at the end of the sophomore year is required for enrollment in the junior year. Transfer students are required to have achieved an overall G.P.A. of 2.00 at all previous institutions attended.

All undergraduate accounting majors follow the same curriculum in the first five semesters of study. Students choosing to major in accounting information systems start taking a different course of study in the second semester of their junior year; there are no admission requirements to major in accounting information systems. Students in the 150-Hour Program start taking a combination of graduate and undergraduate courses in their senior year; the admission requirements for this program are detailed in the section on the 150-Hour Program. Course requirements for each major are described in detail under the appropriate majors in this section of the catalog.

Accounting Curriculum:

1.	ENG 101, ENG 102, PHI 101, RST 1011		(4 courses)	(12)
2.	Area Studies:
		CSC 106		(2)
		ZAP 300		(4)
		PHI 340 or 344		(3)
		ENG 389		(3)
		One course from: AS I		(3)
		Two courses from:
		AS IV		(6)
		AS VI		(6)
		AS VIII		(6)
3.	Major course requirements:		(27 or 26 courses)
	a. Common body of business knowledge:
		QNT 101	Quantitative Methods for Business	(3)
		AND
		MAT 106	Calculus for the Non-Sciences	(3) (6 or 4)
		OR
		MAT 111	Calculus I (4)
		OR
		MAT 115	Calculus for Business I (4)
		ACC 211	Principles of Accounting I	(3)
		ACC 212	Principles of Accounting II	(3)
		ECO 101	Principles of Macroeconomics	(3)
		ECO 102	Principles of Microeconomics	(3)
		ECO 255	Business Statistics I	(3)
		ECO 256	Business Statistics II	(3)
		FIN 301	Introduction to Finance	(3)
		MIS 201	Management Technology	(3)
		MGT 101	Introduction to Management	(3)
		MGT 325	Operations Analysis for Business	(3)
		MGT 446	Managerial Policy Strategy	(3)
		MKT 201	Principles of Marketing	(3)
	b. Accounting major:
		ACC 301-302	Intermediate Accounting I and II	(6)
		ACC 303	Cost Accounting	(3)
		ACC 307	Accounting Information Systems	(3)
		ACC 415	Basic Taxation	(3)
		ACC 416	Advanced Tax	(3)
		ACC 451	Seminar in Accounting Theory	(3)
		LAW 371	Business and Commercial Law	(3)
		LAW 372	Business Organizations and Commercial Paper	(3)
		Accounting electives: two courses. (ACC 421 and 425 are required for C.P.A. certification)		(6)
		Finance elective: (FIN 313 or FIN 314)		(3)
4.	Elective: one course for those who take MAT 111 or MAT 115 instead of QNT 101 and MAT 106			(0-3)
Total			(42 courses)	(126-127)

Recommended Schedule:

Fall		Spring
Freshman Year
ENG 101 QNT 101 or MAT 111 or MAT 115 ECO 101 AS I AS VIII	3 3 or 4  3 3 3	ENG 102 MAT 106 or Elective MGT 101 CSC 106 (AS I) AS VIII	3 3 3 2 3
Total	15 or 16	Total	14
Sophomore Year
RST 101 ACC 211 ECO 255 MIS 201 AS IV	3 3 3 3 3	PHI 101 ACC 212 ECO 256 ECO 102 AS IV	3 3 3 3 3
Total	15	Total	15
Junior Year
ACC 301 ACC 303 ACC 307 ZAP 300 AS VI	3 3 3 4 3	ACC 302 MKT 301 FIN 301 PHI 340 or 344 ENG 389 (AS III) Social Science Elective	3 3 3 3 3 3
Total	16	Total	18
Senior Year
ACC 415 ACC 421 or ACC elective ACC 451 or ACC elective LAW 371	3 3 3 3	ACC 416 ACC 425 or ACC elective LAW 272 AS VI MGT 446 FIN 313 or FIN 314	3 3 3 3 3 3
Total	15	Total	18
		Total	126 or 127

Requirements for Graduation: To qualify for graduation with a B.S. degree in Business Administration with a major in Accounting, a candidate must complete all the graduation requirements outlined in this catalog and must have a cumulative average of 2.0 in the combination of Accounting and Business Law courses taken at Canisius College.

Four-Year Undergraduate Program in Accounting Information Systems Accounting Curriculum:

1.	ENG 101, ENG 102, PHI 101, RST 101		(4 courses)	(12)
2.	Area Studies:
		CSC 106		(2)
		ZAP 300		(4)
		PHI 340 or 344		(3)
		ENG 389		(3)
		One course from: AS I		(3)
		Two courses from:
		AS IV		(6)
		AS VI		(6)
		AS VIII		(6)
3.	Major course requirements:		(25 or 24 courses)
	a. Common body of business knowledge:
		QNT 101	Quantitative Methods for Business	(3)
		AND
		MAT 106	Calculus for the Non-Sciences	(3) (6 or 4)
		OR
		MAT 111	Calculus I	(4)
		OR
		MAT 115	Calculus for Business I	(4)
		ACC 211	Principles of Accounting I	(3)
		ACC 212	Principles of Accounting II	(3)
		ECO 101	Principles of Macroeconomics	(3)
		ECO 102	Principles of Microeconomics	(3)
		ECO 255	Business Statistics I	(3)
		ECO 256	Business Statistics II	(3)
		FIN 301	Introduction to Finance	(3)
		MIS 201	Management Technology	(3)
		MGT 101	Introduction to Management	(3)
		MGT 325	Operations Analysis for Business	(3)
		MGT 446	Managerial Policy Strategy	(3)
		MKT 201	Principles of Marketing	(3)
	b. Accounting information systems major:
		ACC 301-302	Intermediate Accounting I	(3)
		ACC 303	Cost Accounting	(3)
		ACC 307	Accounting Information Systems	(3)
		ACC 331	E-Business	(3)
		ACC 340	Database Management	(3)
		ACC 426	Information Security, Control and Auditing	(3)
		ACC 452	Enterprise Systems	(3)
4.	Elective: two courses plus one course for those who take MAT 111 or MAT 115 instead of QNT 101 and MAT 106			(6 or 9)
Total				(120-121)

Fall		Spring
Freshman Year
ENG 101 QNT 101 or MAT 111 or MAT 115 ECO 101 AS I AS VIII	3 3 or 4 3 3 3	ENG 102 MAT 106 or Elective MGT 101 CSC 106 (AS I) AS VIII	3 3 3 2 3
Total	15 or 16	Total	14
Sophomore Year
RST 101 ACC 211 ECO 255 MIS 201 AS IV	3 3 3 3 3	PHI 101 ACC 212 ECO 256 ECO 102 AS IV	3 3 3 3 3
Total	15	Total	15
Junior Year
ACC 301 ACC 303 ACC 307 ZAP 300 AS VI	3 3 3 4 3	ACC 331 ACC 340 FIN 301 ENG 389 (AS III) MKT 201	3 3 3 3 3
Total	16	Total	18
Senior Year
ACC 426	3	ACC 452	3
MGT 325	3	MGT 446	3
MGT 370	3	PHI 340 or 344	3
AS VI	3	MGT 446	3
Free Elective	3	Social Science Elective	3
Total	15	Total	15
		Total	120 or 121

Requirements for Graduation: To qualify for graduation with a B.S. degree in Accounting Information Systems, a candidate must complete all the graduation requirements outlined in this catalog and must have a cumulative average of 2.0 in all accounting courses taken at Canisius College.

150-Hour Program

Admission: Students who choose to pursue the 150-Hour Program leading to an M.B.A. in Account-ing should apply for admission to the M.B.A. program in their junior year. Admission to the M.B.A. program is based on the following criteria: (1) a minimum cumulative average of 2.75 in all accounting courses taken at Canisius, including all junior accounting courses; (2) a minimum cumulative overall average of 3.0 by the end of the junior year; (3) a minimum score of 500 on the GMAT. Applicants should plan to take the GMAT at the earliest opportunity during their junior year

For additional information, refer to the Graduate Catalog or contact the Director of Graduate Accounting programs.

Accounting Curriculum (150-Hour Program):

1.	ENG 101, ENG 102, PHI 101, RST 101		(4 courses)	(12)
2.	Area Studies:2
		CSC 106 ZAP 300 PHI 340 or 344 ENG 389 One course from: AS I Two courses from: AS IV AS VI AS VIII		(2) (4) (3) (3) (3) (6) (6) (6)
3.	Major course requirements:		(27 or 26 courses)
	a. Common body of business knowledge:
		QNT 101	Quantitative Methods for Business	(3)
		AND
		MAT 106	Calculus for the Non-Sciences	(3) (6 or 4)
		OR
		MAT 111	Calculus I (4)
		OR
		MAT 115	Calculus for Business I (4)
		ACC 211	Principles of Accounting I	(3)
		ACC 212	Principles of Accounting II	(3)
		ECO 101	Principles of Macroeconomics	(3)
		ECO 102	Principles of Microeconomics	(3)
		ECO 255	Business Statistics I	(3)
		ECO 256	Business Statistics II	(3)
		FIN 301	Introduction to Finance	(3)
		MIS 201	Management Technology	(3)
		MGT 101	Introduction to Management	(3)
		ACC 301-302	Intermediate Accounting I and II	(6)
		ACC 303	Cost Accounting	(3)
		ACC 307	Accounting Information Systems	(3)
		LAW 371	Business and Commercial Law	(3)
		LAW 372	Business Organizations and Commercial Paper	(3)
		MKT 201	Principles of Marketing	(3)
4.	Elective: one course for those who take MAT 111 or MAT 115 instead of QNT 101 and MAT 106			(0-3)
5.	Graduate Portion:
		MBA 526 MBA 542 MBA 545 MBA 546 MBA 547 MBA 559 MBA 572 MBA 574 MBA 575 MBA 576	Regression Analysis and Forecasting Economics of Production Human Resources Management Science Operations Planning Cross Functional Integration Operations Control Organizational Change Marketing/Strategic Analysis National/International Economics	(1.5) (1.5) (1.5) (1.5) (1.5) (1.5) (1.5) (1.5) (1.5) (1.5)
		MBA 672 MBA 715 MBA 716 MBA 721 MBA 725 MBA 726 MBA 729 MBA 751 MBA 799 MBA 990 MBA 997	Advanced Commercial Law Basic Taxation Advanced Tax Advanced Financial Reporting Auditing Theory and Practice Advanced Auditing Not for Profit Accounting Seminar in Accounting Theory Accounting Internship Strategy Management Seminar in Business Analysis Integration Module	(3) (3) (3) (3) (3) (3) (1.5) (3) (0) (1.5) (3)
			Finance electives3	(6)
Total				150 or 151

Recommended Schedule:

Fall		Spring
Freshman Year
ENG 101 QNT 101 or MAT 111 or MAT 115 ECO 101 AS I AS VIII	3 3 or 4 3 3 3	ENG 102 MAT 106 or Elective MGT 101 CSC 106 AS VIII	3 3 3 3 3
Total	15 or 16	Total	15
Sophomore Year
RST 101 ACC 211 ECO 255 MIS 201 AS IV	3 3 3 3 3	PHI 101 ACC 212 ECO 102 ECO 256 AS IV	3 3 3 3 3
Total	15	Total	15
Junior Year
ACC 301 ACC 303 ACC 307 ZAP 300 AS VI	3 3 3 3 3	ACC 302 MTK 201 FIN 301 PHI 340 or 244 ENG 389 Social Science elective	3 3 3 3 3 3
Total	15	Total	18
Senior Year
MBA 526 MBA 715 MBA 721 MBA 751 LAW 371 AS VI	1.5 3 3 3 3 3	MBA 546 MBA 559 MBA 574 MBA Finance elective4 MBA 716 MBA 725 LAW 372	1.5 1.5 1.5 3 3 3 3
Total	16.5	Total	16.5
Fifth Year
MBA 547 MBA 575 MBA 672 MBA 726 MBA 990 MBA 997 MBA Finance elective4	1.5 1.5 3 3 1.5 3 3	MBA 542 MBA 572 MBA 574 MBA 576 MBA 729 MBA 799	1.5 1.5 1.5 1.5 1.5 0
Total	16.5	Total	7.5

Requirements for Graduation: Students in the 150-Hour Program will graduate with a B.S. degree in Business Administration (major Accounting) at the end of their senior year.

To graduate with a degree of M.B.A. in Accounting, a minimum G.P.A. of 3.0 (scale of 4.0) is required in all graduate courses taken.

Prior to August 1, 2009, students are able to sit for the C.P.A. examination in the State of New York upon completing their senior year.

Summary of New State Education Requirements:

In July 1998, the Education Department of the State of New York has acted on the requirements of the American Institute of Certified Public Accountants (AICPA) that require candidates for membership in the AICPA beginning with the year 2000 to have completed a program of study to consist of 150 credit hours to include a bachelor’s degree. The Department of Accounting at Canisius College has structured its 150-Hour Program to lead to an M.B.A. in Accounting. Students who do not wish to pursue an M.B.A., dual major students, or students who do not meet the admission requirements to the 150-Hour Program will be able to meet the education requirements to sit for the C.P.A. examination by completing the four-year program and additional courses for a total of 150 credit hours. These students should consult with the Chairman of the Department of Accounting to determine which additional courses they should take.

Experience Program

The Department of Accounting, with the Council on Accountancy, helps Accounting majors who have completed their junior year to find employment during the summer months in public accounting firms, industrial firms, financial institutions, and the government sector. This program is intended to provide eligible students with an opportunity to apply their academic preparation to the realities of the business world. No academic credit is granted for this program. This program is also available to students in the M.B.A. Program in Professional Accounting upon completing their intermediate accounting courses.

Accounting Internship

The 150-Hour Program includes as part of its curriculum an optional internship for the period beginning early in January and ending the second week in March. Internships are arranged on an annual basis with participating public accounting firms. This internship does not carry any credit but is designed to help students gain practical experience in the field.

Accounting Scholarships

The Department of Accounting awards to qualified Accounting majors scholarships over and above financial aid and other scholarships made available through the Financial Aid Office. These scholarships are granted on the basis of academic merit and demonstrated need with preference given to the students in the last year of the 150-Hour Program.

Additional Information

The schedule for evening Accounting and Business Law courses is as follows (all courses are taught annually):

Fall Semester: ACC 201 (for non-majors only), ACC 212, ACC 302 (if not offered in the previous summer term), ACC 415, ACC 421, ACC 451, LAW 372.

Spring Semester: ACC 202 (for non-majors only), ACC 211, ACC 301, ACC 303, ACC 307, ACC 416, ACC 425, LAW 371.

COURSES: 2001-2003

ACC 201 Financial Accounting 3

Introduction to accounting concepts for external financial reporting. Accounting theories and principles relative to asset and liability valuations, and income determination.

ACC 202 Managerial Accounting 3

Introduction to accounting concepts for internal reporting and control. Cash budgeting, decision making, capital budgeting, tax aspects of managerial planning, and performance evaluation.

Prerequisite: ACC 201.

ACC 211-212 Principles of Accounting I and II 6

Fundamental concepts and procedures of financial and managerial accounting with emphasis on asset and liability valuations, income determination, and cash flows. Accounting applications of present value concepts and budgeting.

Prerequisite: Concurrent registration in ACC 211L required for registration in ACC 211.

ACC 301-302 Intermediate Accounting I and II 6

In-depth accounting concepts and theories pertaining to external financial reporting. Emphasis on theories surrounding asset valuations, liabilities, income determination, and cash flows.

Prerequisite: ACC 211-212, junior standing, and overall G.P.A. of 2.0.

ACC 303 Cost Accounting 3

Preparation and analysis of data utilized by management in planning and control decisions. Inventory valuation and reporting methods. Establishment and use of standards and budgets.

Prerequisite: ACC 211-212, junior standing, and overall G.P.A. of 2.0.

ACC 307 Accounting Information Systems 3

Development, organization, and implementation of manual and electronic accounting information systems. Emphasis on flow charts and analysis, modification, and improvement of existing
systems.

Prerequisite: Junior standing and MIS 201.

ACC 331 E-Business 3

Challenges and strategies in electronic mediated business; electronic business relationships; electronic payment systems; virtual supply chains; product development strategies; legal security and privacy issues. Evaluation and construction of electronic business web sites through case studies and projects.

Prerequisite: ACC 307 and MKT 201 or concurrent registration.

ACC 340 (MIS 340) Database Management 3

Design and use of database management systems through host languages and user query languages. Data structures; database design; database access methods; alternate data models; database administration.

Prerequisite: ACC 307 and MIS 201

ACC 426 Information Security. Controls and Auditing 3

Information system control design and auditing in the internet, electronic, and paperless environment; management of security technology; operating and application system processing controls; prevention of unauthorized activity.

Prerequisite:ACC 307 and ACC/MIS 340

ACC 452 Enterprise Systems 3

Measuring the value of enterprise information; enterprise resource planning (ERP) system design and functionality; international accounting systems issues; data integrity; use of financial and non-financial information for corporate decision-making.

Prerequisite: Senior standing

ACC 415 Basic Taxation 3

Analysis and interpretation of Internal Revenue Code provisions relating to the taxation of income. Social, political, and economic considerations underlying tax laws. Primary emphasis on individuals and concepts generally applicable to taxable entities.

Prerequisite: ACC 212.

ACC 416 Advanced Tax 3

Internal Revenue Code provisions relating to taxation of corporations and shareholders; partnerships and partners including organization, reorganization, distribution, and liquidation. Emphasis on Sub-Chapters "C," "S," and "K."

Prerequisite: ACC 415.

ACC 421 Advanced Accounting Problems 3

Problem-solving techniques relative to mergers and consolidations; organization and liquidation of partnerships; introduction to fiduciary accounting for receivers, trusts, and estates.

Prerequisite: ACC 302.

ACC 425 Auditing Theory and Practice 3

Generally accepted auditing standards, internal control, professional liability of auditors, ethics of the profession, statistical sampling, and the auditor’s report.

Prerequisite: ACC 302.

ACC 451 Seminar in Accounting Theory 3

Development of accounting theory with emphasis on the structural aspects of accounting and contemporary issues.

Prerequisite: ACC 302.

ACC 499 Independent Research in Accounting 3

Undertaking of a significant piece of independent research. By appointment.

LAW 371 Business and Commercial Law 3

American legal system and substantive law of contracts, agency, bailments, sales; products liability. Uniform Commercial Code and cases.

Prerequisite: ACC 212 or permission of instructor.

LAW 372 Business Organizations and Commercial Paper 3

Legal aspects of partnerships and corporations: advantages and disadvantages of each, together with commercial paper under Uniform Commercial Code; trade regulation; bankruptcy.

Prerequisite: LAW 371.

LAW 472 Advanced Commercial Law 3

Foreign Corrupt Practices Act of 1977, secured transactions, accountant liability, real property, trusts and estates, and insurance.

Prerequisite: LAW 372.

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1 Area II is automatically fulfilled because this program is in the Social Sciences. Area VII is fulfilled by the Mathematics courses required in this program. One Area V course is fulfilled by the required course in Philosophy.

2 Area II is automatically fulfilled because this program is in the Social Sciences. Area VII is fulfilled by the Mathematics courses required in this program. One Area V course is fulfilled by the required course in Philosophy.

3 Students should consult with the Director of the program.

4 One Finance elective should be in the area of international finance.