Full-Time Faculty: Ian J. Redpath, Chair;
Robert R. Davis, Edward J. Gress, George F. Kermis III, Eugene P. O’Connor, Joseph B. O’Donnell.

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 completion of their intermediate accounting courses.

Accounting Scholarships: The Department of Accounting awards scholarships to qualified Accounting majors 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 their fifth year.


Degree Programs
The Department of Accounting offers five degree programs:

1.  A 150 Hours Bachelors Degree in Professional Accounting which can be combined with a second major or as a stand-alone degree. This program is registered with the State of New York and qualifies a graduate to sit for the C.P.A. examination. This program usually takes 5 years but with proper planning could be completed in 4 1/2 years.

2. A 150-Hours 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 (M.B.A.A.) 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 C.P.A. 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 C.P.A. examination.

3. 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 (C.C.P.) and Certified Information Systems Auditor (C.I.S.A.). Graduates of this program will also be able to seek a C.P.A. certification prior to August 1, 2009, by completing additional courses. After August 1, 2009, candidates sitting for the C.P.A. examination will have to complete the accounting requirements of one of the 150-Hours Programs.

4. A Four-Year Undergraduate Program leading to the degree of B.S. in Business Administration (major Accounting). Graduates of this program are generally not eligible to sit for the CPA exam. Any student who wishes to sit for the exam prior to  to August 1, 2009 — the date new education requirements to sit for the C.P.A. examination take effect in the State of New York — should consult with the departmental chair about a program of study to make the student eligible. Thereafter, students will not be able to take the examination under any circumstances.

5. An M.B.A. in Professional Accounting to holders of undergraduate or graduate degrees in fields other than accounting. Graduates of this program will have to complete two years of experience for licensing by the State of New York upon passing the C.P.A. examination. This program is described in the Graduate Catalog.

The curriculum requirements of the Undergraduate Programs in Accounting, the Undergraduate Program in Accounting Information Systems, and the B.A./M.B.A.A. Program are summarized in the table below.

Flexibility: The accounting curriculum is designed to allow maximum flexibility and exposure before students must decide on the appropriate accounting program to pursue. A student does not have to make a decision as to which accounting program to pursue until the junior year. In order to provide flexibility in making the decision, 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, while students in the other programs will start taking different courses of study in the senior year. The B.S./M.B.A.A. students will start taking M.B.A. courses in their senior year.

Undergraduate Program Admission
Admission to the undergraduate accounting programs 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.

Graduate Program Admission
Students who choose to pursue the B.A./M.B.A.A. program leading to an M.B.A. in accounting 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.

Common Business and Liberal Arts Courses:

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)
Social Science Elective  (3)
One course from: AS I (3)
Two courses from:
  AS IV (6)
  AS VI (6)
  AS VIII (6)
3. Major course requirements: (26 courses)
a. Common body of business knowledge:    
 QNT 101 Quantitative Methods for Business (3)
  AND
 MAT 106 Calculus for the Non-Sciences (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 201 Introduction to Finance (3)
ISB 307/ACC 307 Management/Accounting 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)
 

150 Hours - B.S. in Professional Accounting
Course Requirements:  In addition to the common liberal arts and business courses, students in this program will take:

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)

Typical Schedule:

Fall                       Spring  
Freshman Year      
ENG 101
QNT 101 or
MAT 111 or MAT 115
ECO 101
CSC 106
AS VIII		 3
3 or 4 

3
2
3		 ENG 102
MAT 106 or Elective
MGT 101
ECO 102
AS VIII		 3
3
3
3
3
Total 15 or 16 Total 15
 
Sophomore Year      
RST 101
ACC 211
ECO 255
AS I
AS IV		 3
3
3
3
3		 PHI 101
ACC 212
ECO 256
AS IV
FIN 201		 3
3
3
3
3
Total 15 Total 15
 
Junior Year      
ACC 301
ACC 303
ISB 307/ACC 307
PHI 340 or 344
AS VI		 3
3
3
3
3		 ACC 302
MKT 201
AS I
ZAP 300
ENG 389
Elective		 3
3
3
3
4
3
Total 15 Total 19
 
Senior Year      
MGT 325
ACC 421
ACC 451 or ACC elective
Business Elective
AS VI		 3
3
3
3
3		 ACC 425
MGT 446
Social Science Elective
Elective
Elective		 3
3
3
3
3
Total 15 Total 15
       
Fifth Year  
ACC 415 
Law 371
ACC 426
Elective
Elective 		3
3
3
3
3		 Law 372
ACC Elective
ACC Elective
Elective
Elective		 3
3
3
3
3
Total 15 Total 15

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 for all of the accounting and business law courses taken at Canisius College.

150 Hours - B.S./M.B.A.A.
Course Requirements:  In addition to the common liberal arts and business courses, students in this program will take:

ACC 301-302   Intermediate Accounting I and II   (6)
ACC 303 Cost Accounting (3)
LAW 371 Business and Commercial Law (3)
LAW 372 Business Organizations and Commercial Paper (3)

Graduate Portion —

MBA 502 Organizational Behavior (3)
MBA 507 Operations  (3)
MBA 508  Corporate Finance (3)
MBA 620/621 Finance Elective (3)
MBA 630  Marketing  (3)
MBA 641 Human Resources  (3)
MBA 690 Strategic Management (3)
MBA 672 Advanced Commercial Law (3)
MBA 715 Basic Taxation (3)
MBA 716 Advanced Tax (3)
MBA 721 Advanced Financial Reporting (3)
MBA 725 Auditing Theory and Practice (3)
MBA 726 Advanced Auditing (3)
MBA 729 Not for Profit Accounting (3)
MBA 751 Accounting Theory and Research (3)
MBA Elective  (3)
NOTE: Students do not take MGT 325 or 446

Typical Schedule:

Fall                       Spring  
Freshman Year      
ENG 101
QNT 101 or
MAT 111 or MAT 115
ECO 101
CSC 106
AS VIII		 3
3 or 4 

3
2
3		 ENG 102
MAT 106 or Elective
MGT 101
ECO 102
AS VIII		 3
3
3
3
3
Total 15 or 16 Total 15
 
Sophomore Year      
RST 101
ACC 211
ECO 255
MKT 201
AS IV		 3
3
3
3
3		 PHI 101
ACC 212
ECO 256
AS IV
FIN 201		 3
3
3
3
3
Total 15 Total 15
 
Junior Year      
ACC 301
ACC 303
ACC 307
PHI 340 or 344
AS VI		 3
3
3
3
3		 ACC 302
AS I
ZAP 300
ENG 389
Social Science Elective		 3
3
3
4
3
Total 15 Total 19
 
Senior Year      
MBA 715
MBA 721
MBA 751
LAW 371
AS VI		 3
3
3
3
3		 MBA 690
Free elective
MBA 716
MBA 725
LAW 372		 3
3
3
3
3
Total 15 Total 15
       
Fifth Year  
MBA 502
MBA 508
MBA 672
MBA 630
MBA 726		 3
3
3
3
3		 MBA 507
MBA 729
MBA 641
MBA elective
MBA Finance elective		 3
3
3
3
3
Total 15 Total 15

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.

120 hours - B.S. in Accounting Information Systems  
Course Requirements: In addition to the common liberal arts and business courses, students in this program will take:

ACC 301   Intermediate Accounting I   (3)
ACC 303 Cost Accounting (3)
ACC/LAW Accounting or Law elective  (3)
ACC 331 E-Business (3)
ACC 340 Database Management (3)
ACC 426 Information Security, Control and Auditing (3)
ACC 452 Enterprise Systems (3)

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)

Typical Schedule:

Fall                       Spring  
Freshman Year      
ENG 101
QNT 101 or
MAT 111 or MAT 115
ECO 101
CSC 106 (AS I)
AS VIII		 3
3 or 4 

3
2
3		 ENG 102
MAT 106 or Elective
MGT 101
ECO 102
AS VIII		 3
3
3
3
3
Total 14 or 15 Total 15
 
Sophomore Year      
RST 101
ACC 211
ECO 255
AS I
AS IV		 3
3
3
3
3		 PHI 101
ACC 212
ECO 256
AS IV
FIN 201		 3
3
3
3
3
Total 15 Total 15
 
Junior Year      
ACC 301
ACC 303
ISB 307
PHI 340 or 344
AS VI		 3
3
3
3
3		 ACC 331
MKT 201
AS VI
ZAP 300
ENG 389		 3
3
3
3
4
Total 15 Total 16
 
Senior Year      
MGT 325
ACC 426
MGT 370
ACC/LAW Elective
ACC 340		 3
3
3
3
3		 ACC 452
MGT 446
Social Science Elective
AS VI
Elective		 3
3
3
3
3
Total 15 Total 15

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.

120 Hours - B.S. in Accounting
Course Requirements: In addition to the common liberal arts and business courses, students in this program will take:

ACC 301-302   Intermediate Accounting I and II (6)
ACC 303 Cost Accounting (3)
ACC 415 Basic Taxation (3)
ACC Electives Elective courses in accounting  (6)
LAW 371 Business and Commercial Law (3)
Electives Free Electives (3)

Typical Schedule:

Fall                       Spring  
Freshman Year      
ENG 101
QNT 101 or
MAT 111 or MAT 115
ECO 101
CSC 106 (AS I)
AS VIII		 3
3 or 4 

3
2
3		 ENG 102
MAT 106 or Elective
MGT 101
ECO 102
AS VIII		 3
3
3
3
3
Total 14 or 15 Total 15
 
Sophomore Year      
RST 101
ACC 211
ECO 255
AS I
AS IV		 3
3
3
3
3		 PHI 101
ACC 212
ECO 256
AS IV
FIN 201		 3
3
3
3
3
Total 15 Total 15
 
Junior Year      
ACC 301
ACC 303
ISB 307/ACC 307
PHI 340 or 344
AS VI		 3
3
3
3
3		 ACC 302
MKT 201
Social Science Elective
ZAP 300
ENG 389		 3
3
3
3
4
Total 15 Total 16
 
Senior Year      
ACC 415
ACC elective
Free elective
LAW 371
AS VI		 3
3
3
3
3		 ACC elective
MGT 325
MGT 446
LAW 372
FIN 311, 312, OR 314		 3
3
3
3
3
Total 15 Total 15
TOTAL 120 OR 121

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 for all of the accounting and business law courses taken at Canisius College.

COURSES: 2005 – 2007

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.

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

ISB307/ACC 307 Management and Accounting Information Systems   3
Development, organization, and implementation of manual and electronic accounting and management information systems. Emphasis on flow charts and analysis, modification and improvement of existing systems. Prerequisites: Junior
standing and ISB 201.

ACC 331 E-Business   3
Challenges and strategies in electronic mediated business such as; 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. Prerequisites: ACC 307 and MKT 201 or concurrent registration.

ACC 340 (ISB 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. Prerequisites: ACC 307 and ISB 201.

ACC 415 Basic Taxation   3
Provisions of Internal revenue Code affecting individuals and corporations; tax factors in planning and decision making; social, political and economic considerations underlying tax laws.There will be an emphasis on learning research and communications skills. Students will learn to prepare various business and accounting correspondence including, reports, memorandums, client and engagement letters. 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.”  Course includes learning oral and written presentations skills and techniques. 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 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/ISB 340.

ACC 429 Not For Profit  3
Accounting and reporting issues that apply to governmental units, hospitals, schools, religious institutions and other non-profit organizations; budgetary procedures including appropriations and encumbrances.

ACC 451 Accounting Theory and Research   3
Standard setting procedures at the US and international levels, accounting concepts and principles, contemporary accounting issues, concepts of income determination, extensive database research to support or oppose accounting positions and library research culminating in a research paper or class presentation.  The course will also provide instruction in business/accounting written and oral communication.  Prerequisite: ACC 302.

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 499 Independent Research in Accounting   3
Undertaking of a significant piece of independent research. By appointment with chairperson.

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.

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.