Center of Excellence in Business and Entrepreneurial Studies
Accounting Major

Program Goals

The goal of the Accounting program is to provide students with the technical and professional knowledge of accounting concepts, theory and practice built on a broad liberal arts and science background. The program is tailored to prepare students for entry-level careers in public accounting and financial accounting in private industry, not-for-profit institutions and federal government agencies.

Students who plan to become Certified Public Accountants (CPA) are provided with a thorough grounding in the discipline-specific knowledge conforming to the basic requirements of the Bachelor of Science in Accounting These requirements vary by State and are dictated by the State Boards of Accountancy. For students pursuing the CPA option, there are additional requirements as detailed below.

All Accounting majors must complete a minimum of 24 credit hours. The 300 and 400 level courses must be taken at Lincoln University to fulfill the graduation requirements for a B.S. in Accounting. In addition, each Lincoln Graduate in any major must fulfill the requirements for a minor in their selected field. Accounting courses are bolded.

Student Learner Outcome Goals

After completing the Bachelor of Science or Bachelor of Art degree with an Accounting program, the student will be able to:

  1. Synthesize general accounting theory and practice in financial records by demonstrating a firm understanding and working knowledge of basic accounting terminology and the process by which transactions are analyzed and transformed into financial statements.
  2. Analyze business information and infer the resolution of key issues (Analytical skills) by demonstrating the ability to identify key issues, research relevant data, and think critically and analytically about the possible solutions for the financial problems encountered.
  3. Compose effective accounting information documents (Communication skills) and prepare the appropriate response for management, investors, clients, or other fellow professionals.
  4. Integrate technology into the development of accounting procedures (Technology skills) by demonstrating proficiency in the use of accounting software, spread sheets, and data bases applicable to accounting practice and procedures.
  5. Analyze, summarize and interpret financial information (Critical thinking skills) to permit individuals and organizations to make informed judgments and sensible business decisions and find acceptable solutions for the business entity served.
  6. Evaluate actions for integrity and honesty (Ethics) by practicing high ethical standards in all contacts with employers, clients, co-workers, and general public and choosing an ethical course of action.
  7. Interact effectively in diverse environments and with diverse persons (Diversity) by demonstrating the ability to relate and interact effectively in teams consisting of individuals with differing interests, gender, backgrounds and professions.

Accounting Major Program

Course Course Title Credits
ACC 331 Intermediate Accounting I 3
ACC 332 Intermediate Accounting II 3
ACC 333 Managerial Accounting 3
ACC 338/339 Federal Income Taxation/Individual OR Tax Accounting for Business 3
ACC 340 Accounting & Management Info Systems 3
ACC 351 Auditing 3
ACC 431 Advanced Accounting 3
BUS 334 Business Law 3
Total Credits 24

CPA Option
In some states, students are required to complete 150 credit hours before they can sit for the CPA examination. Since the department of Business and Entrepreneurial Studies total undergraduate credit hours requirement is 124, a CPA student has the following recourse:

  1. Complete the additional 26 credit hours at Lincoln during four academic summer sessions, including the summer following the student's spring graduation. For example, a student entering Lincoln in fall 2006 will take a minimum of 2 courses each in summers 2007, 2008, 2009 and 2010. The 2 credit hour deficit can be scheduled during the regular academic years.

  2. Pursue an MS degree in Finance/Human Resources Management or an MBA degree at the Graduate Center in Philadelphia. (The MBA is not available at this time.)

  3. Complete the dual five year BA/MSA or BS/MSA or BA/MBA or BS/MBA program. (These combined undergraduate/graduate degrees are not available at this time.)

  4. Pursue a double major in two of the department's disciplines. The 2 credit hour deficit can be scheduled during the regular academic years.

Accounting Minor Program

Course Course Title Credits
ACC 331 Intermediate Accounting I 3
ACC 332 Intermediate Accounting II 3
ACC 333 Managerial Accounting 3
*** *** Any course from the Accounting major or CEBES Electives 3
*** *** Any course from the Accounting major or CEBES Electives 3
  Total Credits 15