Accounting (B.B.A.)

Traditional & Adult students earn the B.B.A. Accounting program and customized programs.

The Accounting program and courses are designed to:
  1. Build a foundation of terminology used widely in the accounting community
  2. Enhance communication skills through formal presentations and research papers
  3. Prepare and analyze financial statements for decision-making purposes
  4. Utilize accounting-related knowledge by performing on team-based problem-solving projects
  5. Demonstrate an understanding of the U.S. Federal Internal Revenue Code and demonstrate an ability to prepare tax returns utilizing tax preparation software
  6. Understand and be able to apply Generally Accepted Accounting Principles and become familiar with International Financial Reporting Standards
  7. Be able to use spreadsheet software, gain a basic understanding of databases and basic accounting software.
  8. Recognize how information about business processes are summarized in the accounting system and the role of internal control in businesses
  9. Demonstrate the ability to perform the research process in answering an accounting question
  10. Understand product costing and be able to apply that knowledge
  11. Demonstrate the ability to analyze and gather the information needed to make short and long-term managerial decisions
  12. Understand risk-based auditing and the role of the PCAOB
  13. Become familiar with the current issues facing accountants
  14. Cultivate an understanding of the ethical dimensions of accounting practice and the role of sustainability in this field
The program and major are designed to:
  1. Prepare you for entry level positions;
  2. Enable you to perform effectively in professional and career positions in management; and
  3. Prepare you for graduate and professional study in business or management.
All students in this program will receive a thorough grounding in:
  1. Economics (the theoretical basis for the discipline);
  2. Mathematics and statistics (the tool subjects);
  3. In the principles pertinent to all of the functional areas of business, accounting, finance, management, and marketing, in an integrated manner and with adequate focus on their international aspects; and
  4. In financial and managerial accounting principles and applications, such that the formal requirements to sit for the CPA exam can be fulfilled.

The accounting major is designed so that the entire degree is available through day classes. The accounting major is also offered in time periods and formats that are designed for the needs of adult learners, offered through evening classes.

For further information please contact Adriane Ruiz, 630-829-6224, aruiz@ben.edu

Faculty

Donald Henschel, M.B.A., C.P.A.

Instructor

Undergraduate Business

Phone: (630) 829-6477  |  Send Donald an Email  |  Office: Scholl Hall 161

Download Donald's Profile

Vicki Jobst, D.B.A., C.P.A.

Assistant Professor

Undergraduate Business

Phone: (630) 829-6455  |  Send Vicki an Email  |  Office: Scholl Hall 165

Download Vicki's Profile

Jeffrey Madura, M.B.A., C.P.A.

Professor

Undergraduate Business

Phone: (630) 829-6467  |  Send Jeffrey an Email  |  Office: Scholl Hall 160

Download Jeffrey's Profile

Robert Rebman, M.B.A., C.P.A.

Instructor

Undergraduate Business

Phone: (630) 829-1939  |  Send Robert an Email  |  Office: Scholl Hall 162

Download Robert's Profile

Lecturers

R. Fulton, M.S., C.P.A., Senior Lecturer
Bruce Fogerty, M.S.A., M.B.A
Michael Lang, M.B.A., C.P.A.

Requirements - Major:

Accounting majors must complete the University core requirements, which are partially satisfied by MGT 252 Business Ethics (which also counts as religion core) or one core approved philosophy course in ethics, MATH-S105(3) or S110(3) and C115(3). All business majors must complete either CMSC-180 and CMSC-184 or ACCT 310 Accounting Information Systems. ACCT 310 is recommended for accounting majors .

Majors must complete each of the business core courses with a "C" or better: ACCT-111(3), 112(3); ECON-C101(3), C102(3); FINA-300(3), MKTG-300(3), MGT-150(3), 251(3) and C300(3).

Accounting majors who are interested in meeting the requirements for taking the CPA examination should take the following 200 and 300-level courses, with a "C" or better: ACCT-211(3), 212(3), 311(3), 312(3), 313(3), 315(3), and380(3) along with ACCT-120(1) (VITA), ACCT-215(2) (Accounting Research), MGT-252(3) (Business Ethics) and MGT-237(3) (Business Communications).Accounting majors not interested in taking the exam must take the following accounting specialization courses: ACCT-211, ACCT-212, ACCT-380 and may choose three from the following accounting specialization courses: ACCT-310, ACCT-311, ACCT-312, ACCT-313 and ACCT-315. Accounting majors are encouraged to take MGT-235(3).

Students in the Second Major Program that is housed outside of the department must complete the ethics, mathematics and computer science requirements of the first paragraph above and all of the requirements of the second and third paragraphs above.

CLEP, life experience, work experience, internships, advance placement and other external credit do not substitute for upper-level (300) courses.

Accounting majors who elect to earn a second major in the Undergraduate Business Department must complete required unique "specialization courses" for the second business major. Specialization courses may only be used for satisfying the requirements for one business major.

Requirements - Minor:

Only courses in which a student has received a "C" or better may be applied to the minor. Students are limited to one minor in the accounting, business and economics, economics, finance, international business and economics, management and organizational behavior, and marketing programs.

Students (except for BAM students) seeking a minor in accounting must complete with a grade of "C" or better 21 semester hours which must include ACCT-111(3), 112(3), 211(3), 212(3); ECON-C102(3); and at least two 300-level courses in accounting. A Bachelor of Arts in Management student seeking a minor in Accounting must complete with a grade of "C" or better the following courses and their prerequisites: ACCT-211, ACCT-212, ACCT-311, ACCT-312, ACCT-313 and ACCT-315. A student who majors in Accounting may not earn a minor in the undergraduate business department.

ACCT 111 Accounting I.
Principles of financial accounting; including the basic structure of accounting, accounting systems and controls, the preparation and use of financial statements, and problems related to financial disclosures. Credit will not be granted for both ACCT 111 and ACCT 115. IAI BUS 903. Prerequisite: MATH 105 or MATH 110 or co-registration in MATH 105 or MATH 110. 3 semester credit hours. Typically offered: Fall and Spring Terms.
ACCT 112 Accounting II.

Principles of managerial accounting; including cost accounting, planning and control systems, and analysis and interpretation of financial statements. IAI BUS 904. Prerequisite: ACCT 111. 3 semester credit hours. Typically offered: Fall and Spring Terms.

 
ACCT 120 VITA Service Learning.

A service learning course built around the Internal Revenue Service (IRS) volunteer income tax assistance (VITA) program. Students must participate in the training, successfully complete an IRS take-home exam, and participate in at least one volunteer income tax advising session. 1 semester credit hour.Department Consent Required. Course Repeatable. Maximum number of units allowed 3.

 
ACCT 211 Intermediate Accounting I.

A thorough study of balance sheet accounts integrated with an analysis of their relationship to the income statement. Prerequisite: ACCT 111. 3 semester credit hours. Typically offered: Fall Term.

ACCT 212 Intermediate Accounting II.

A thorough study of balance sheet accounts integrated with an analysis of their relationship to the income statement. Prerequisite: ACCT 211. 3 semester credit hours. Typically offered: Spring Term.

ACCT 215 Accounting Research.

Students will become familiar with sources of accounting standards and current information affecting the accounting profession. Their communication and research skills will be used to learn about and report on the reasoning behind the development of accounting standards and current issues in accounting. This course is required by Illinois for CPA candidates. Prerequisite: ACCT 212 and junior standing. 2 semester credit hours. Typically offered: Fall and Spring Terms.

 
ACCT 297 Internship.

Practical experiences in business related fields under the supervision of the program coordinator. 2-6 semester credit hours. Typically offered: Periodically. Department Consent Required. Course repeatable. Maximum number of units allowed 12.

ACCT 310 Accounting Information Systems.

Students will learn to analyze the role of accounting information systems within a company's operating systems; appreciate the wider view of accounting's role in an organization as an integrated and comprehensive database; and learn the connections between transaction cycles, internal controls and computer ethics. Students will use accounting software to complete projects and study auditing of accounting information systems, databases and e-business.ACCT 111 and sophomore standing. Cross listed with MIS 510. Prerequisite: ACCT 111 and ACCT 112. 3 semester credit hours. Typically offered: Fall Term.

 
ACCT 311 Cost Accounting.

A comprehensive study of methods used to develop cost information for manufacturing and service operations and of models for business planning and control. Prerequisite: ACCT 112. 3 semester credit hours.

ACCT 312 Federal Taxation.

An introductory study of federal regulations covering income taxation of individuals and businesses. Prerequisite: ACCT 112. 3 semester credit hours. Typically offered: Fall Term.

ACCT 313 Auditing and Assurance Services.

An intensive study of PCAOB auditing standards, generally accepted auditing standards and procedures. Prerequisite: ACCT 212. 3 semester credit hours. Typically offered: Fall Term.

ACCT 315 Advanced Accounting.

A study of the accounting methods for consolidations, foreign subsidiaries, governmental organizations, non-profit entities, and partnerships. Prerequisite: ACCT 212. 3 semester credit hours. Typically offered: Spring Term.

 
ACCT 380 Issues in Corporate Financial Reporting.

An intensive and extensive study of corporate reporting to understand and evaluate the application of financial accounting theory and concepts. This course has a substantial accounting research

Component comprising two-thirds of the course. Prerequisite: ACCT 212, senior standing. 3 semester credit hours. Typically offered: Spring Term.

 
ACCT 391 Topics.

Specially designed courses in various business topics to supplement the business curriculum. Prerequisite: Varies based upon the specific topic being explored. 3 semester credit hours.

ACCT 395 Independent Study.

Provides an opportunity for an advanced student in the major to pursue study in a field of business related interest. Prerequisite: Consent of instructor. 1-3 semester credit hours.Department Consent Required.

Concentrations in Integrated Marketing Communications, Managing Human Resources, Personal Financial Planning, Sports Management and Sports Marketing are available in combination with this major. Requirements listed below must be completed with a "C" or higher.

Integrated Marketing Communications Concentration: MKTG 330, 331, 332, 333 and COMM 208.

Managing Human Resources Concentration: MGT 330, 334, 335 and one of MGT 235, 302 or 320.

Personal Financial Planning Concentration: FINA 220, 320, ACCT 312 and one of MGT 235 or ACCT 120 along with FINA 120.

Sports Management Concentration: MGT-305, MKTG-305 and two courses from MGT-235, 297, 301.

Sports Marketing Concentration: MKTG-305, MGT-305 and two courses from MKTG-297, 330, INTB-371.

Potential Accounting Careers:

  • Financial Analyst
  • Internal Auditor
  • Business Analyst
  • Information Technology Auditor
  • General Accountant
  • Cost Analyst/Accountant
  • Financial Reporting
  • Tax Services
  • Compliance Analyst

Starting salaries (Robert Half-2013 Salary Guide) range from $38,500-$59,500 for most positions.They range up to $66,000 for IT Auditors.

College of Business
benedictine university

John Minogue, Ph.D., Acting Dean
Dawn Smith, Assistant to the Dean
Phone: (630) 829-6463
Fax: (630) 829-6226
E-mail: dssmith@ben.edu

Scholl Hall, Room 109
5700 College Road
Lisle, IL 60532
8:30 a.m. - 5:00 p.m.