Accounting (B.A.C.)

Accounting is both a primary communication channel between business entities and its stakeholders and a comprehensive information system which supports effective decision making. The role of the accounting profession is becoming more pronounced in today’s business environment which is characterized by scarce resources, fierce rivalry, complex transactions and increased public scrutiny. Furthermore, auditors are considered the key deterrent to managerial malfeasance, a phenomenon which adversely affects markets and investors’ confidence. Students pursuing the Bachelor of Accounting will be exposed to a comprehensive set of technical knowledge of financial accounting, cost/managerial accounting, taxation, and auditing. Ethical considerations, corporate governance and financial transparency issues are covered throughout the course offerings.

Accounting graduates are qualified to work within different professional capacities at corporate multinationals, Big 4 auditing firms, banks, consulting firms, and other types of organizations. In addition, recent graduates of the program have attained, or are currently pursuing, professional certifications such as the Certified Public Accountant (CPA), the Chartered Financial Analyst (CFA), the Certified Management Accountant (CMA), and the Association of Chartered Certified Accountants (ACCA) qualification, in addition to other postgraduate studies.

The objective of the Bachelor of Accounting degree is to provide conceptual and practical knowledge to graduates who will prepare, report and analyze economic and financial information used for making sound managerial decisions.

Students who seek to be admitted to the Bachelor of Accounting (BAC) program through the declaration process must have completed no less than 27 credit hours of study including the courses listed in (1) below. Students who have successfully completed these courses, with the minimum required grades where applicable, and who meet the minimum major weighted grade point average as determined by the department, will be accepted in the major.

1. Required Courses to be completed to declare Accounting as a major   

• ACCT 201/2001 - Financial Accounting (3 cr.)  with a minimum grade of B
• ACCT 202/2002 - Managerial Accounting (3 cr.)  with a minimum grade of B
• ECON 201/2021 - Introduction to Macroeconomics (3 cr.)  OR ECON 2011 -Introduction to Microeconomics
• MACT 210/2222 - Statistics for Business (3 cr.)  

    2. Calculation of the Major Weighted Grade Point Average

        The major weighted Grade Point Average = Overall GPA at time of declaration x 60% + (Average GPA in ACCT 2001  and ACCT 2002 ) x 40%.

    3. The minimum major Weighted Grade Point Average

       Admission to the Accounting major is competitive. Eligible students will be ranked and selected based on their major weighted grade point average.

Students must complete a minimum of 127 credit hours for the Bachelor of Accounting degree.

Students who seek the Bachelor of Accounting degree are not permitted to minor in Business Administration.