Accounting majors are expected to develop the following
competencies in completing their bachelor's degree. These
competencies were developed as part of the College of Business's
curriculum redesign project in 1995/1996.
Communication Students should be able to:
explain in both oral and written form their analysis of
numerical and written data
read, critique, and judge the value and contribution of a
written work
listen effectively
understand how to market professional services and to market
themselves
Creative Thinking Students should be able
to:
solve diverse and unstructured problems in unfamiliar
settings
Teamwork Students should be able to:
understand interpersonal and group dynamics in business as
well as be sensitive to their strengths and weaknesses in working
with team members
work effectively with diverse groups of people
Adapting to Change Students should be able
to:
stay current in the field of accounting and the business
environment in which they work
deal effectively with imposed pressures
understand methods for managing change within
organizations
Global Perspective Students should be able
to:
take a global perspective to accounting, financial
management, tax, and legal issues relevant to businesses
Accounting Knowledge Students should be able
to:
understand the underlying accounting concepts, the elements
of and the relationships among the primary financial statements
as well as how business transactions are processed to produce
financial statements
understand the accounting cycle
understand the types of information needed for management
decision-making and how to prepare it
set up and evaluate an accounting system.
conduct research into generally accepted accounting
principles (GAAP), SEC reporting rules, auditing standards, etc.,
and how to interpret and apply that research
understand the purpose of the audit function and audit
standards
understand basic computer programs and how to apply them to
accounting practices
understand basic income tax concepts and how they are applied
to different entities, the differences between tax and GAAP
rules, and to perform basic tax research
Fundamental Business Concepts Students should
be able to:
understand and appreciate the cultural, social, political,
economic and legal forces that affect businesses
understand how businesses are organized and managed
understand the nature of financial markets relevant to
businesses
understand the laws that affect businesses (e.g. securities,
corporate, labor, contracts, intellectual property basics)
appreciate the ethical rules and considerations involved in
accounting work and have practice in applying them
use various techniques and information sources to analyze and
solve accounting and financial problems
