How To Get A B.S. In Accounting At The Rutgers Business School

Transcription

1 Rutgers University RUTGERS BUSINESS SCHOOL: UNDERGRADUATE NEW BRUNSWICK STUDENT GUIDE FOR THE DEPARTMENT OF ACCOUNTING & INFORMATION SYSTEMS Additional information about the undergraduate accounting program at the Rutgers Business School--New Brunswick including answers to frequently asked questions can be found at: Revised March 12, 2006

2 TABLE OF CONTENTS PAGE PART I - OBJECTIVES AND DESCRIPTION OF PROGRAM Objectives and Description of Program... 1 PART II - UNDERGRADUATE ACCOUNTING PROGRAM 1. Eligibility Courses Requirements For Undergraduate Accounting Majors Overall Graduation Requirements Retention Requirements Checklist For Graduation... 3 PART III NEW JERSEY CPA REQUIREMENTS 1. New Jersey CPA Educational Requirements Nation-Wide Status of the 150 Credit-Hour CPA Requirements CPA Examination Application Procedures Questions About New Jersey s CPA Requirements CPA Licensure Rules Differ Among States... 4 PART IV PUBLIC VERSUS PRIVATE ACCOUNTING 1. Public Accounting Private Accounting... 5 PART V RECOMMENDATIONS TO ACCOUNTING UNDERGRADUATE MAJORS IN THE RUTGERS BUSINESS SCHOOL-NEW BRUNSICK REGARDING THE 150 CREDIT HOUR REQUIREMENT 1. Earning a MAccy Degree in Financial Accounting Options for earning 150 Credit Hours within our Undergraduate Program A. Accounting Majors Should Consider Completing Additional Accounting Electives... 6 B. Accounting Majors Should Consider Completing Additional Finance Electives... 7 C. Accounting Majors Should Consider Double Majoring in Accounting and a Liberal Arts Subject or Simply... 8 Taking Additional Liberal Arts Courses D. Accounting Majors May also Wish to Consider a Second Business major in RBSUNB... 8 PART VI - CAREER SERVICES ON-CAMPUS RECRUITING PROGRAM... 9 PART VII- OTHER DEGREE PROGRAMS OFFERED BY THE DEPARTMENT OF ACCOUNTING AND INFORMATION SYSTEMS 1. MAccy Program in Financial Accounting Specialized Master s Programs in Both Taxation and Governmental Accounting MBA Program in Professional Accounting-Available only to Students who did not take More than Three Accounting Courses as Undergraduates Ph.D Programs in Accounting and Accounting Information Systems... 12

3 PART I - OBJECTIVES AND DESCRIPTION OF PROGRAM The Department of Accounting & Information Systems offers, at the Rutgers Business School-New Brunswick (RBSUNB), a high quality education leading to an undergraduate degree - Bachelor of Science (B.S.) in Accounting. The primary objective of this accounting program is to develop students' analytical skills and abilities and prepare them for careers in public, private, or governmental accounting. Another objective is to provide sufficient background so that students may continue their education at an academic level, if they choose to do so. To accomplish these objectives, students are required to complete a rigorous program of accounting and business subjects in RBUSUNB. The Association for the Advancement of Collegiate Schools of Business International (AACSB) accredits both RBSUNB and its Accounting Program. General information about RBSUNB appears on pages of the Rutgers New Brunswick Undergraduate Catalog The undergraduate accounting program maintains a balance among liberal arts, management, and accounting education. During their freshman and sophomore years, students take liberal arts courses and Eligibility Courses for admission to the Rutgers Business School. During their sophomore year, students also take one accounting course offered by the Department of Accounting & Information Systems. This course serves as an eligibility requirement for admission to RBSUNB and also helps meet the accounting major requirement (RBS Core Course). A checklist of course requirements for undergraduate accounting majors is enclosed so that students can check themselves whether they have met all requirements for graduation. PART II - UNDERGRADUATE ACCOUNTING PROGRAM 1. ELIGIBILITY COURSES Applicants must complete the following eligibility courses with grades of "C" or better before they can begin their study in the Rutgers Undergraduate Business School-New Brunswick* Credit Hours 01:220:102 Introduction to Microeconomics 3 01:220:103 Introduction to Macroeconomics 3 01:640:135 Calculus I 3 01:960:285 Introductory Statistics for Business 3 33:010:272** Introduction to Financial Accounting 3 01:198:170 Computer Applications to Business 3 *While a minimum grade of C is required in each of these five courses, the minimum cumulative GPA for admittance into the accounting major is much higher. It has for the past five years been as follows (Fall 2001: 3.15; Fall 2002: 3.3; Fall 2003: 3.2; Fall 2004: 3.25; Fall 2005: 3.15; Fall 2006: 3.10). **Introduction to Financial Accounting course is also listed as a core course in the accounting program. Students wishing to major in accounting must attain a grade of B or better in this course. 1

4 2. REQUIREMENTS FOR UNDERGRADUATE ACCOUNTING MAJORS The following courses are required for graduation from RBSUNB as an accounting major: Core Courses (28 Credits) Credit Hours 33:010:272 Introduction to Financial Accounting 3 33:010:275 Introduction to Managerial Accounting 3 33:011:300 Business Forum 1 33:140:320 Business Law I 3 33:390:300 Introduction to Financial Management 3 33:620:300 Principles of Management 3 33:623:385 Statistical Methods in Business 3 33:623:386 Operations Management 3 33:620:492 Business Policy and Strategy 3 33:630:301 Introduction to Marketing 3 28 Required Accounting Courses (21 Credits) 33:010:325 Intermediate Accounting I 3 33:010:326 Intermediate Accounting II 3 33:010:401 Advanced Accounting 3 33:010:415 Concepts of Auditing 3 33:010:421 Income Tax Accounting 3 33:010:451 Cost Accounting 3 33:010:458 Accounting Information Systems 3 21 Required Business School Elective (3 Credits) 33:xxx:xxx Business School Elective* 3 3 (Accounting elective is suggested) 52 *Any RBSUNB course will satisfy the Business School Elective course requirement except Management Information Systems (33:623:370). 3. OVERALL GRADUATION REQUIREMENTS Accounting majors must complete at least 120 semester credit hours for graduation, of which 52 credit hours are required in Business School courses (See Section #2). To receive the degree, it is necessary that all Business School courses be completed with a grade of "C" or better. 4. RETENTION REQUIREMENTS Students may be dropped from the accounting program and face dismissal from the Business School if they receive a grade of "D" or "F" in three different Business School courses or have been unable to earn a grade of "C" or better after they have taken a given Business School course for the second time. 5. CHECKLIST FOR GRADUATION (UNDERGRADUATE ACCOUNTING PROGRAM) 2

5 Rutgers Business School-New Brunswick Department of Accounting & Information Systems Student Name College Student No. Entering Semester Credit Semester Grade ELIGIBILITY COURSES (16) Hours Taken 01:220:102 Introduction to Microeconomics :220:103 Introduction to Macroeconomics :640:135 Calculus I :960:285 Introductory Statistics for Bus :198:170 Computer Applications to Bus CORE COURSES (28) 33:010:272 Intro. to Financial Accounting :010:275 Intro. to Managerial Accounting :011:300 Business Forum :140:320 Business Law I :390:300 Introduction to Financial Mgt :620:300 Principles of Management :620:492 Business Policy and Strategy :623:385 Statistical Methods in Business :623:386 Operations Management :630:301 Introduction to Marketing REQUIRED ACCOUNTING COURSES (21) 33:010:325 Intermediate Accounting I :010:326 Intermediate Accounting II :010:401 Advanced Accounting :010:415 Concepts of Auditing :010:421 Income Tax Accounting :010:451 Cost Accounting :010:458 Accounting Information Systems REQUIRED BUSINESS SCHOOL ELECTIVE (3) 33:xxx:xxx Rutgers Business School Course* (Accounting elective is suggested) *Any Rutgers Business School-New Brunswick course will satisfy the Business School elective course requirement except Management Information Systems (33:623:370) PART III - NEW JERSEY CPA REQUIREMENTS 1. NEW JERSEY CPA EDUCATIONAL REQUIREMENTS CPA candidates graduating after June 30, 2001 must complete a baccalaureate degree and a total of at least 120 credit hours to sit for the CPA exam in New Jersey. Certification requires completion of at least 150 credit hours. While no specific courses in accounting or 3

6 other subjects are required to sit for the CPA exam in New Jersey, certification requires that among the 150 credit-hours taken there be a specified number of credits in accounting and related business courses depending upon whether a student graduates from an AACSB accredited school. Students graduating with an accounting degree from RBSUNB, an AACSB accredited school will, once they have completed 150 credit hours, meet the educational requirements to become a CPA in New Jersey. See Part IV of this guide for recommendations on how to complete the 150 credit hour requirement. 2. NATION-WIDE STATUS OF THE 150 CREDIT-HOUR CPA REQUIREMENTS The vast majority of states have passed the 150 credit-hour requirement. Updates about states that have adopted the 150 credit-hour requirements can be found at 3. CPA EXAMINATION APPLICATION PROCEDURES To sit for the CPA examination for the first time in New Jersey, application materials can be obtained from CPA Examination Services by telephoning 1-(800)-CPA-EXAM or 4. QUESTIONS ABOUT NEW JERSEY S CPA REQUIREMENTS Questions in regard to either education to sit for the exam or experience needed to become a CPA should be directed to Mr. William Mandeville, Executive Director, the New Jersey State Board of Accountancy Halsey Street, 6 th Floor, Newark, New Jersey at (973) The Web site for the State Board of Accountancy is at Other useful information about becoming a CPA in New Jersey is available on the New Jersey Society of CPAs website located at and on the NASBA web site located at 5. CPA LICENSURE RULES DIFFER AMONG STATES Under our Federal system of government, each of the 50 states is permitted to establish its own requirements as to who can become a CPA in that state. All states have adopted as one of the requirements for licensure, successful completion of the uniform CPA Exam. State rules differ, though, in regard to the education needed to take the exam, and the experience required to become certified. A person who receives initial CPA certification in a state without a 150 credit hour requirement and applies for reciprocity in another with a 150 credit requirement might be denied licensure in the state in which reciprocity is desired if the education required in the state with the 150 credit hour requirement was not met at the time the CPA exam was taken. Note that while many individuals will be pleased being a CPA from the state in which they were originally licensed, the differing rules among states can create a problem if that person one day desires to practice in a different state. It is recommended, therefore, that those wanting to become certified in a particular state check with that state s Board of Accountancy to verify the rules in that state. 4

7 PART IV PUBLIC VERSUS PRIVATE ACCOUNTING 1. PUBLIC ACCOUNTING Public accountants provide service to many different companies. Many of our students go to work for one of the Big Four public accounting firms (Deloitte and Touche, Ernst and Young, Pricewaterhouse Coopers and KPMG) or for other large ones such as JH Cohn or Grant Thornton or for smaller CPA firms such as Wilkin and Guttenplan or Sax, Macy Fromm and Company. Some of these CPA firms have also told the department that they will no longer hire students who have less than 150 credit hours. 2. PRIVATE ACCOUNTING Private accountants provide services to one company. Our students often go to work for such private enterprises as AT&T, BASF, Chubb Insurance Company, Hoffman-La Roche, Johnson and Johnson, Lucent, Merrill Lynch, Merck, Prudential, etc. Students who graduate from our accounting program will find an expectation, particularly among public accounting employers, that they become a CPA within a reasonable time period. While many private accounting employers generally will value CPA certification, some will be pleased to hire accounting majors who have not fulfilled the 150 credit hour requirement. Some of these private accounting employers may value a specialized certification such as a Certified Management Accountant (CMA) certificate offered by the Institute of Management Accountants. The IMA s website is at PART V. RECOMMENDATIONS TO ACCOUNTING UNDERGRADUATE MAJORS IN THE RUTGERS BUSINESS SCHOOL-NEW BRUNSWICK (RBSUNB) REGARDING THE 150 CREDIT HOUR REQUIREMENT The Department of Accounting and Information Systems strongly encourages undergraduate accounting majors in RBSUNB to complete 150 credit hours. While this can be completed on the undergraduate level (see recommendations below on how this might best be done) students who do so will wind up with an undergraduate degree only rather than an undergraduate degree and a Master s. 1. EARNING A MASTER S IN ACCOUNTANCY (MAccy) DEGREE IN FINANCIAL ACCOUNTING In order to provide our undergraduate accounting majors with an opportunity to earn a Master s Degree in Accounting plus the 150 credits now needed to become certified in New Jersey the department will begin effective in the Summer of 2006 to offer a Master s in Accountancy (MAccy) degree in Financial Accounting. This new program allows students to begin work on their Master s Degree on a full-time basis in the summer immediately following graduation and continue on a part-time basis thereafter. For more information about this program go to or contact the Director of the Program, Professor Don Warren at jdonwarren@rbs.rutgers.edu. More information about this program is also provided in Section VII (Part 1) which is on page 10 of this document. 2. OPTIONS WITHIN OUR UNDERGRADUATE PROGRAM 5

8 Some students may wish to earn 150 credit hours by completing additional credits on the undergraduate level. This offers the advantage in so doing of obtaining a second major other than accounting and opportunity to complete on the undergraduate level courses that the student might not have otherwise taken. For those who decide to earn 150 credit hours within our undergraduate program, it is advised that this be done over five years rather than the traditional four. This is particularly so for those students who do not regularly take summer session courses. In order to earn 150 credit hours on the undergraduate level the Department suggests the following four options (which are not mutually exclusive) as means by which students might earn these additional credits while enriching their education, employment and CPA certification prospects. 2A. Accounting majors should consider completing the following two accounting electives: Topics in Income Taxation (33:010:422) to be offered each Spring semester. Government and Not-for-Profit Accounting (33:010:433) to be offered each Fall semester. It is recommended that accounting students who want to become CPAs take these two additional accounting courses because from an academic perspective, accounting students should have a good background in taxation and a reasonable understanding of accounting for state and local governments and not-for-profit entities. Topics in Income Taxation covers corporate tax, an important area that there is little time to consider in the required tax course (Income Tax Accounting 33:010:421). Corporate tax is important to learn for those who one day may find themselves working for a corporation. It is also just as likely that on the CPA exam there will be a question on corporate tax as on individual taxation the main area studied in the Income Tax Accounting Course 33:010:421. In addition, Topics in Taxation is an important course for students who wish to study taxation in a Master s Program in Taxation such as the one offered by the RBS on the Newark Campus. Government and Not-for-Profit Accounting (33:010:433) covers accounting for governmental entities and not-for-profit organizations. This subject matter is given extensive coverage on the CPA exam. An understanding of government and not-for-profit accounting is also important for those who (1) either work for a CPA firm and are assigned to an audit involving a State or local governmental entity or non-profit organization or (2) for those who work for these types of organizations. In addition, it is an important course for students who go on for additional study of governmental accounting in a Master s Program in Governmental Accounting such as the one offered by RBS on the New Brunswick Campus. Lastly and perhaps most importantly, a well-trained accounting student should be familiar with this subject because Government and Not-for-Profit entities represent a significant portion of economic activity. 6

9 2B. Accounting Majors should consider completing the following additional finance courses with the first two Investment Analysis 33:390:380 and Corporate Finance 33:390:400 being strongly recommended Investment Analysis 33:390:380 (offered in Summer) Corporate Finance 33:390:400 (offered in Summer) Asset Pricing and Portfolio Analysis 33:390:410 Financial Analysis, Planning and Forecasting 33:390:450 Futures and Options 33:390:420 Investment Analysis and Corporate Finance (the courses shown above as strongly recommended) are regularly offered in the summer and in the Spring. Note that during Spring and Fall Semesters Finance Majors will have preference in getting into Finance courses because they are needed for their graduation. The remaining three recommended finance courses (Asset Pricing and Portfolio Analysis, Financial Analysis, Planning and Forecasting and Futures and Options) are occasionally offered in New Brunswick during the summer. Both Investment Analysis and Corporate Finance have as a prerequisite Introduction to Financial Management 33:390:300, which is also a prerequisite for Financial Analysis, Planning and Forecasting 33:390:450, a course offered in Fall semester and often full. Investment Analysis is a prerequisite for both Asset Pricing and Portfolio Analysis and for Futures and Options 33:010:420, courses offered in both the Fall and Spring and usually very full in the Fall. In order to help accommodate the needs of accounting students attempting to complete 150 credit-hours, the Finance Department will allow accounting students, subject to space limitations, to take these courses during the Fall and Spring Semesters. Students are also encouraged to take Business Law II 33:0140:321. While Business Law I is a required core course for graduation from RBSUNB, Business Law II is not. Business Law II provides students with a stronger background in Business Law than if they just took Business Law I. Completing Business Law II may also prove useful in preparing for the CPA exam. It should be noted, however, that when the CPA exam was a paper-based exam, it used to contain a section solely devoted to business law; with the introduction of an on-line exam, it has deemphasized business law, replacing that section with a new one called Regulation. The Regulation part of the exam requires knowledge in topics in business law, taxation and other areas. Information about the on-line version of the CPA exam is available at the AICPA s website at Students should also consider taking the following additional courses in MSIS, Marketing, and Organizational Management: Advanced MSIS 33:623:470 (The MSIS Department will waive the prerequisite for this course, which is MIS 33:623:370, in favor of AIS) The Human Factor in MSIS-Business Reengineering 33:623:405(offered in the Fall) Management of Human Resources 33:620:365 (offered in the Spring) International Business 33:620:369 (offered in the Fall) International Marketing 33:630:371 (offered in the Fall) Consumer Behavior 33:630:374 (offered in the Spring) 2C.Accounting Majors should consider double majoring in Accounting and a 7

10 liberal arts subject or simply taking additional liberal arts courses. This is strongly encouraged particularly if the second major or additional liberal arts courses taken help to improve communication and critical thinking skills a major goal of the 150 credit hour requirement 2D. Accounting Majors may also wish to consider a second business major in RBSUNB. Accounting Majors at RBSUNB are permitted to dual major in another business subject offered in RBSUNB provided they are accepted by the Chair of the department (Finance, MSIS, Management and Global Business, and Marketing) in which they wish to major. Accounting majors who choose a second business major will generally be RBSUNB students for three years rather than the customary two since it will take an extra year to complete the requirements for their second business school major. The willingness of another RBSUNB Department to accept accounting majors as dual majors will depend upon a student s overall academic record. It should be recognized that departments with fewer majors and thus more empty classroom seats will be more willing to accept accounting majors to the dual major program. At this time dual majoring will only be permitted for accounting majors since it is only accounting majors who are faced with a state mandated 150 credit-hour requirement. Accounting majors will find it less difficult being accepted as either an MSIS or Management major than as a Finance or Marketing major since the former departments have fewer majors. The election to dual major must be made in the Spring semester of the Junior year. Students admitted to the accounting major for September 2006 should see Mrs. Pat Caldwell, Coordinator of Student Services of RBSUNB, in room 112 of the Levin Building in March 2007 to complete a Second Major Request form. Part VI INTERVIEWTRAK - Career Services On Campus Recruiting Program The Rutgers-New Brunswick on-campus recruiting program, InterviewTRAK, is part of MonsterTRAK.com. InterviewTRAK enables you to manage all aspects of the pre-interview process online. Once you have accessed and updated your user profile and uploaded your resume, you can begin to submit your resume to the employers that are coming to campus. Check InterviewTRAK several times a week to review job descriptions, submit resumes, determine if you have been selected for an interview, and schedule your interviews. All interviews take place at the Career & Interview Center in the Busch Campus Center. ELIGIBILITY Only currently registered Rutgers-New Brunswick students can use InterviewTRAK. To pursue summer internships through InterviewTRAK, you must be a Rutgers-New Brunswick undergraduate or graduate student. Most employers seek juniors for summer internships, but some employers open their positions to first-year students, sophomores, seniors heading to graduate school and graduate students. Most interviews for internships take place in February, March and April with resume submissions beginning as early as December. 8

11 KEY TERMS FOR INTERVIEWTRAK USERS Event: An on-campus interview. Resume Drop: An event posting on InterviewTRAK that does not result in the employer interviewing on campus. You will also see that the submission deadline and event date are the same. Submit your resume online. If an employer wants to interview you, the employer will contact you directly to set up a time and date at their site. Presentation: An employer information session or a Career Services seminar. Sign up on InterviewTRAK to attend. Preselect: A primary candidate whom the employer has chosen to interview. Alternate: A secondary candidate who may sign up if there are remaining interview time slots after the preselect sign-up period. Personal Dates: The menu that allows the student to manage their InterviewTRAK activity, including resume submissions, presentations, preselect / alternate status, and interview sign-up. Step 1: Register for InterviewTRAK If you already have a Student Profile (Username/Password) Log on to Click on "InterviewTRAK." Go to Already Registered and enter your username and password. From the Welcome Menu select "InterviewTRAK On-Campus Recruiting." If you DO NOT have a Student Profile (Username/Password) Log on to Click on "InterviewTRAK." Go to "First Time Users Start Here." Enter your school password, henry, and create your student profile and upload your resume. If you have difficulty, contact Career Services or student.monstertrak@monster.com for assistance. From the Welcome Menu select "InterviewTRAK On-Campus Recruiting." Step 2: Search Upcoming Recruiting Events: Search by Interview Date (mm/dd/yyyy) to pull up a list of oncampus interviews or resume drops. NOTE: The date range can be altered to view the entire semester. You can also search by company name. Normally, the first three letters should suffice; e.g., to find Prudential, type "pru." Click on "Search." Step 3: Submit Your Resume: 9

12 Once you pull up a list of interviews, click on the "Details" link to the left of the job title that you are reviewing. Review the Job Details page for position description. Make special note of the Event Information and Deadlines at the end of each job description. If you meet the requirements and the resume submission is open, click on "Submit Resume" in the center of the page. Choose the resume you want to submit and click on "Submit Resume." Once your resume has been submitted, you will be taken to a Success page. NOTE: You may want to print this page for your records. Step 4: To Sign up for an Interview: It is your responsibility to check InterviewTRAK to see if you have been selected for an interview. Note the preselect sign-up date on the specific interview event. On this date, check the Personal Dates section of the InterviewTRAK search menu to see if you are a preselect / alternate for an interview and to sign up for an interview time. Choose the option that reads, I am preselected or an alternate for. To sign up for an interview click on the "Job Title." Click the Sign up for this interview button for available interview times and choose one. Check this section frequently! NOTE: All InterviewTRAK dates begin at 3:01 A.M. EST and all deadlines are 2:59 A.M. EST. POLICY FOR STUDENT MISREPRESENTATION ON INTERVIEWTRAK If you falsify documents or misrepresent yourself to any employer during your on-campus or off-campus job search, Career Services has the right to rescind your privileges to use our services or programs. Employers have the right to terminate your employment or withdraw a job offer for misrepresentation. VII. OTHER PROGRAMS OFFERED BY THE DEPARTMENT OF ACCOUNTING 1. MASTER OF ACCOUNTANCY (MAccy) IN FINANCIAL ACCOUNTING This program, which will begin in the summer of 2006, is designed for graduating college accounting majors who intend to become CPAs and need to earn 30 additional credits to satisfy the new 150 credit-hour requirement for certification. The MAccy program in financial accounting requires 30 credits with classes beginning on a full-time basis in the summer immediately following graduation and continuing on a part-time basis thereafter. Twelve credits are earned during the first summer session, when students are enrolled on a full-time basis. The balance is earned part-time. Advanced standing is available for qualified students. The first summer term is taught in two five-week sessions. Two courses are taught in each session. The four summer session courses are: 22:010:645 Decoding of Corporate Financial Communication 10

13 22:835:626 Advanced Auditing & Accounting Information Systems 22:010:642 Special Topics: Contemporary Issues in Cost Management 22:010:644 Special topics: Accounting in the Digital Era The balance of credits is electives taken on a part-time basis on either the Rutgers Newark or New Brunswick/Piscataway campuses. Students choose from available MBA electives (accounting as well as other subjects), subject to the approval of the director. Some accounting electives will be offered online. Advanced standing will be granted for students who meet the following conditions: A student may receive two (2) credits for every three (3) credits of undergraduate upper-division course work completed with a B or better in business core areas of study, up to a maximum of nine (9) credits and subject to the following conditions: 1. Only those business courses that were not counted toward the undergraduate degree requirements will be considered. This generally means that a student earned more than 120 undergraduate credits, those additional credits were not used to satisfy the undergraduate degree requirements, and the additional credits were business courses. 2. Courses must have been completed at an AACSB accredited institution. 3. Advanced standing must be authorized by the program director. Additional information about this program is available on the RBS website or from Professor J. Don Warren, Director, MAccy Program in Financial Accounting, jdonwarren@rbs.rutgers.edu. Professor Warren can be reached by telephone on the New Brunswick Campus at (732) or on the Newark Campus at (973) SPECIALIZED MASTER S PROGRAMS IN BOTH TAXATION AND GOVERNMENTAL ACCOUNTING The Department of Accounting and Information Systems offers two specialized MAccy Programs, one in governmental accounting and the other in taxation each of which requires the completion of 30 credits. These programs are designed primarily for those with experience in these fields. Others without experience but with good grades, appropriate GMAT scores and an in interest in the subject will be considered for admission. The MAccy Program in Governmental Accounting which is oriented toward the needs of those in the governmental accounting field is offered on the Livingston Campus with some courses also being available on-line. For Information about this MAccy Program contact Marcie Kachur at (732) or govmaccy@rbs.rutgers.edu or Professor Robert Werner. The program s web site is at The Department also offers a MAccy Program with an emphasis in Taxation. This program is designed primarily for CPAs and others with experience in taxation. For information about the MAccy Program in Taxation visit 11

14 or contact Professor Jay Soled at (973) MBA PROGRAM IN PROFESSIONAL ACCOUNTING (PAMBA--AVAILABLE ONLY TO STUDENTS WHO DID NOT TAKE MORE THAN THREE ACCOUNTING COURSES AS UNDERGRADUATES) The Department of Accounting also offers, on the Newark Campus only, an MBA Program in Professional Accounting (PAMBA). The curriculum for this program is much like that of our undergraduate program in accounting with students completing on the graduate level such courses as Intermediate Accounting, Advanced Accounting, Taxation and Auditing. This program provides students with the advantage of earning both an undergraduate degree and an MBA Degree while meeting the 150 credit hour requirement, which many states either impose or soon will impose in order to sit for the CPA exam. In contrast, students graduating from our undergraduate accounting program will not meet the 150 credit hour requirement at the time they earn their undergraduate degree unless they take sufficient additional courses beyond those required in the accounting major and by their liberal arts college so that they wind up with at least 150 credit hours. The PAMBA program is primarily oriented towards the needs of students with a liberal arts undergraduate major. The PAMBA program allows students to simultaneously complete both an undergraduate degree from their liberal arts college and earn a MBA Degree. Students can earn both degrees in a period of 4 years and one summer trimester. Students wanting this combined BA-MBA option must complete all college and liberal arts major requirements by the end of their third year at Rutgers. The MBA Program in Professional Accounting can be earned another way: students can first earn their undergraduate degree and then be admitted into the 14 month PAMBA Program. The PAMBA program gives students credits for undergraduate non-accounting courses that they already have taken as undergraduates in business that are part of the MBA core. Students with good grades, appropriate GMAT scores and no more than three courses in accounting will be considered for admission to the PAMBA program. Further information about the MBA Program in Professional Accounting can be obtained by contacting Professor Dan Palmon at , dan@palmon.com 4. PH.D PROGRAM IN ACCOUNTING AND PH.D PROGRAM IN ACCOUNTING INFORMATION SYSTEMS The Department offers both a Ph.D in Accounting and a Ph.D in Accounting Information Systems. These majors prepare students for scholarly research and teaching. It is unusual for a student to complete the Ph.D. program in less than four years of full-time study. The doctoral degree requires a dissertation and a total of 72 credits. At least 24 of these credits must be in dissertation research. An additional 6 credits must be taken to satisfy the program s early research requirement. This leaves 42 credits, which will consist of courses, independent study, or additional dissertation research. 12