Accounting Major Course Requirements

Marquette’s undergraduate degree in accounting emphasizes oral and written communication skills, ethical behavior, analytical reasoning, computer competency, and technical knowledge sufficient for attaining a relevant accounting profession.

To complete the requirements for a major in Accounting, students need to complete coursework as specified below:

  • Major Requirements
  • Course Descriptions
  • Learning Outcomes
ACCO 3001 Intermediate Accounting 3
ACCO 4000 Accounting Communications 3
ACCO 4010 Individual Income Taxation 3
ACCO 4020 Advanced Accounting 3
ACCO 4030 Cost Accounting 3
BULA 4001 Business Law 3
Three of the following electives: 9
International Accounting  
International Taxation  
Analysis of Corporate Financial Statements  
Tax Research  
Auditing  
Accounting Internship - Grading Period  
And selected graduate ACCO courses, if approved.
 
Two Business electives 6
Total Credit Hours 33

Wisconsin and Illinois, as well as most states, require students to complete 150 semester hours, including a bachelor's degree in accounting, to qualify for the CPA exam. Many students may prefer to meet this requirement by earning a graduate degree in addition to their undergraduate degree. Marquette's accounting program offers a master of science in accounting degree which meets the 150-hour requirement. For information, consult the Graduate School of Management section of the Graduate Bulletin or contact the Department of Accounting at (414) 288-7340.

ACCO 1030. Principles of Financial Accounting. 3 cr. hrs.

Accounting concepts and principles applied in the preparation of financial statements, asset valuation, and the accounting for debt and equity issues of business corporations.

ACCO 1031. Principles of Managerial Accounting. 3 cr. hrs.

Structuring data to aid management decisions. Internal control, budgeting, break-even analysis, standard costing, variable costing, ratio analysis, inventory control, capital budgeting and transfer pricing. Prereq: ACCO 1030.

ACCO 3001. Intermediate Accounting. 3 cr. hrs.

Discussion of the development of accounting standards and the conceptual framework underlying financial accounting. An in-depth review of the income statement and the balance sheet. Recognition, measurement and reporting of cash, receivables, inventories, property, plant and equipment, intangible assets, liabilities and investments. Prereq: ACCO 1031; BUAD 1060, which may be taken concurrently.

ACCO 3986. Internship Work Period. 0 cr. hrs.

SNC/UNC grade assessment. Prereq: ACCO 3001, ACCO 4000, ACCO 4010, ACCO 4020 and ACCO 4050; cons. of prog. dir. and cons. of Business Career Center.

ACCO 3987. Internship Work Period. 0 cr. hrs.

For students completing a full-time Accounting internship, with no other enrollment, during the fall or spring semester. Allows students to remain in full-time status for deferment purposes, while completing the internship; however, there is no financial aid provided for this class. SNC/UNC grade assessment. Prereq: ACCO 3001, ACCO 4000, ACCO 4010, ACCO 4020, ACCO 4050; cons. of prog. dir. and cons. of Business Career Center.

ACCO 4000. Accounting Communications. 3 cr. hrs.

A comprehensive examination of the major forms of communication used in the accounting profession. Instruction in business writing and speaking. Prereq: ACCO major and ACCO 3001.

ACCO 4010. Individual Income Taxation. 3 cr. hrs.

History of federal income taxation. Taxation of personal income. Determination of gross income, adjusted gross income, deductions, credits, exemptions, normal tax, and surtax. Prereq: Jr. stndg. and ACCO 3001.

ACCO 4020. Advanced Accounting. 3 cr. hrs.

Recognition, measurement and reporting of stockholders' equity, retained earnings and dilutive securities. An examination of financial reporting issues; earnings per share, income taxes, pensions, leases, accounting changes and errors. A further elaboration of financial statement preparation: statement of cash flows, interim reporting, segment reporting and reporting for inflation. Also, accounting for partnerships. Prereq: ACCO 3001.

ACCO 4030. Cost Accounting. 3 cr. hrs.

Industrial cost accounting systems, job order and process costing, standard costs, and variance analysis. Procedures for measuring managerial performance and enforcing budgets. Problems conveying the importance of accounting information in planning and controlling a business. Prereq: ACCO 3001.

ACCO 4040. International Accounting. 3 cr. hrs.

An overview of accounting issues faced by multinational corporations or firms involved in international business. Issues include the diversity of worldwide accounting principles and the prospects for uniform international accounting standards, foreign currency transactions and translation, inflation, various technical accounting methods and the implications of their application, financial disclosures, analysis of financial statements, auditing, investment analysis, risk management, management information systems, performance evaluation, methods of financing, transfer pricing and taxation. Prereq: ACCO 4020.

ACCO 4045. International Taxation. 3 cr. hrs.

U.S. Taxation of international transactions and foreign taxpayers. A study of the U.S. and foreign taxation of international commercial transactions involving U.S. and foreign taxpayers, including the taxation of income of U.S. taxpayers operating abroad through branches and subsidiaries; the U.S. foreign tax credit provisions; cross-border asset transfers and related intercompany pricing issues; the U.S. taxation of non-resident individuals, partnerships, associations and foreign corporations; and bilateral and multilateral income tax treaties. Prereq: ACCO 4010.

ACCO 4050. Accounting Information Systems. 3 cr. hrs.

Substantial hands-on involvement with technology which enables accountants to be more productive and to provide better service to clients and management. Examination of various approaches to the processing of accounting information with technology, with special emphasis on the problems of internal control. Systems auditing and the accountant's role in the systems development cycle. Prereq: ACCO 3001.

ACCO 4080. Analysis of Corporate Financial Statements. 3 cr. hrs.

Provides experience in reading, interpreting, and analyzing corporate financial statements. Specific attention is given to the evaluation methods necessary to assess a firm's short-term liquidity, long-term solvency funds flows, capital structure, return on investment, operating performance, and asset utilization. Effects of alternative accounting methods and footnote disclosures. Prereq: Sr. stndg. and ACCO major; or admittance into the AIM program.

ACCO 4119. Tax Research. 3 cr. hrs.

The objective of this course is to assist in the development of essential tax research skills and their application in the prevailing federal tax environment. The student will learn how to find tax authority, evaluate the efficacy of that authority, and apply the results of the research to a specific situation. Prereq: Sr. stndg. and ACCO 4010.

ACCO 4170. Auditing. 3 cr. hrs.

Focuses on major issues in auditing and the recent pronouncements of authoritative bodies. Specific attention is given to the profession code of conduct, legal liability, study and evaluation of the internal control structure, EDP systems, statistical sampling and reporting responsibilities for attest and non attest engagements. Prereq: ACCO 4050.

ACCO 4931. Topics in Accounting. 1-3 cr. hrs.

Topics vary. Prereq: ACCO 3001.

ACCO 4953. Seminar in Accounting. 3 cr. hrs.

Prereq: ACCO 3001.

ACCO 4986. Accounting Internship - Grading Period. 3 cr. hrs.

S/U grade assessment. Prereq: Jr. stndg., cons. of prog. dir. and cons. of Business Career Center.

ACCO 4987. Accounting Internship - Grading Period. 3 cr. hrs.

S/U grade assessment. Prereq: Jr. stndg., cons. of prog. dir. and cons. of Business Career Center; ACCO 3987.

ACCO 4995. Independent Study in Accounting. 1-4 cr. hrs.

Prereq: Cons. of dept. ch.

As one of many methods of assuring that the goals of our educational mission are successfully met, the college regularly and systematically engages in the assessment of a variety of competencies. As part of this assurance of learning, each program defines and collects data on learning goals; statements of the knowledge, skills and attitudes that we want our graduates to possess. We use them for continuous improvement and they are the criteria on which organizations such as AACSB evaluate our accreditation. The following are the current Learning Goals for the Accounting Major along with the goals for the Undergraduate Business Core.

  • Apply critical thinking skills
  • Perform entry level accounting operations
  • Demonstrate oral communication skills
  • Demonstrate written communication skills
  • Analyze international environment
  • Analyze ethical issues
  • Utilize technology skills

Below are the specific learning outcomes assessed to help determine if students meet the above outcome.

Learning Outcomes

For the goal - - Apply critical thinking skills:

  • Identify the critical elements of an accounting issue
  • Analyze the data/information on the accounting problem using an appropriate framework
  • Derive relevant conclusions about the accounting problem

For the goal - - Perform entry-level accounting operations:

  • Demonstrate competence in fundamental skills in financial accounting

For the goal - - Demonstrate oral communication skills:

  • Communicate effectively with business professionals
  • Deliver an organized accounting/business presentation
  • Speak in an organized manner on an accounting/business topic

For the goal - - Demonstrate written communication skills:

  • Organize the correct information for an accounting/business report
  • Develop the appropriate content for  an accounting/business report
  • Use appropriate writing mechanics

For the goal - - Analyze the international environment:

  • Identify international accounting standards essential to the preparation of international accounting reports
  • Differentiate US accounting, auditing and tax standards and international accounting, auditing and tax standards

For the goal - - Analyze ethical issues:

  • Identify ethical issues in accounting/business context
  • Critically apply ethical reasoning to an accounting/business situation
  • Choose an appropriate course of action based on ethical standards
  • Evaluate multiple stakeholders’ perspective in the accounting/business situation

For the goal - - Utilize technology skills:

  • Identify uses of spreadsheets in accounting applications
  • Develop excel spreadsheets for accounting applications
  • Identify uses of data for accounting information systems
  • Develop queries to access accounting information from data bases

Undergraduate Business Core Learning Goals

  1. Apply effective written and oral communication skills to business situations.
  2. Analyze the global business environment.
  3. Analyze the local business environment.
  4. Use critical thinking skills in business situations.
  5. Apply an ethical understanding and perspective to business situations.

NOTE: One International Business Course is required (within or outside your major).

Additional business & non-business course requirements

In addition to the requirements for the major, all students in the College of Business Administration complete business core courses, the Marquette University core of common studies, and non-business electives.

Transfer credits & the Accounting major

There are special policies for accounting majors wishing to transfer credits from another university.  To make sure your transfer credits are eligible, please review:

More information on the accounting major