Dear College of Business Administration Student:

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2 Dear College of Business Administration Student: Welcome to the University of Northern Iowa s College of Business Administration. We are all pleased that you have chosen us. As I am sure you will agree after you have been here for a short time, UNI s College of Business Administration has earned a well-deserved reputation as one of the region s premier undergraduate business schools. The enclosed handbook explains the college s academic and professional development programs, services, student clubs, and international study abroad opportunities. You can use this handbook as a ready reference tool throughout your stay at UNI. You will also find a brief reading list of classic books in business that you will want to become familiar with during your time here. Again, welcome to the College of Business Administration. I am sure that your time with us will be personally rewarding and professionally challenging. If you have any questions regarding our programs or policies and procedures, please contact the appropriate individuals referenced in your handbook. Cordially, Farzad Moussavi Dean 2

3 Dear Students, The College of Business Administration (CBA) has its own advising center located in CBB 5. The UNIBusiness Advising Center, staffed by professional and student peer advisors, is your central point of contact for current information about the College s academic programs, policies, registration procedures, internships, and professional career opportunities. Advisors may be contacted by phone at 319/ Advising hours are Monday through Friday, 9:00 12:00 noon and 1:00-4:00 p.m. when school is in session. UNIBusiness advisors provide advising support and career information for all CBA students. The advisors assist both pre-business and declared business majors with their academic needs from orientation to graduation. As you explore and define your career goals and monitor your own academic progress, advisors will be available to answer questions such as: What classes should I take? How do I register? What are the requirements for admission to the College of Business Administration? What can I do with this business major when I graduate? What are the Liberal Arts core requirements? How can I become involved in the UNIBusiness Professional Readiness Program? If the advisors do not know the answer to a particular question, they will be able to find out or refer you to the appropriate person or place so that you will receive correct information. Please visit the UNIBusiness Advising Center to discuss your future academic and career goals. We look forward to meeting and working with you as you progress toward the completion of your business major and Bachelor of Arts degree at UNI. Sincerely, Linda Corbin, Director CBA Undergraduate Programs 3

4 TABLE OF CONTENTS PAGE CBA Admission Policy. 6 CBA Retention Policy.. 7 CBA Graduation Policy.. 7 CBA Registration Policies. 8 Student Rights. 8 CBA Tutoring. 8 CBA Dual Advising System.. 9 Four Year Check List Pre-Business Major.. 11 Declaring A Business Major 11 Double Majors/Minors Policy.. 11 Declared Business Majors 13 Additional Registration Policies.. 14 Professional Readiness Program Accounting. 17 CPA Requirements 24 Master of Accounting (MAcc) Degree. 28 Economics.. 34 Finance Finance Minor Business and Non-Business Financial Analysis Certificate Real Estate. 59 Real Estate Minor Business Real Estate Minor Non- Business.. 64 Certificate in Financial and Real Estate. 65 Management 66 Organizational Leadership Minor.. 74 General Business Concepts Minor. 75 4

5 Management Information Systems.. 77 Business Teaching. 81 Expanded Career Option.. 87 Marketing 88 Marketing Minor Non-Business.. 96 Certificate in Entrepreneurship 97 Certificate in Financial and Real Estate. 98 Career Services 99 CBA International Programs International Business Minor (Business Majors). 101 International Business Minor (Non-Business Majors). 102 Certificate in International Business, Culture and Language CBA Study Abroad Opportunities CBA Student Organizations.... CBA Reading List. 109 Although the student handbook has been prepared with care in order to assist students in planning their Program of Study, the UNI catalog governs all curriculum and policy issues. Thus, in the unlikely event of misunderstanding, the UNI catalog will be the final authority. Available at 5

6 UNIVERSITY OF NORTHERN IOWA COLLEGE OF BUSINESS ADMINISTRATION ADMISSION POLICY Students seeking a major in Accounting, Business Teaching, Economics/Business Economics, Finance, Real Estate, Management, Management Information Systems, or Marketing, must be admitted to the College of Business Administration (CBA) and meet course prerequisites before taking upper-division (3000/4000-level) College of Business Administration courses. Students are eligible for admission to the College of Business Administration upon completion of the following requirements: cumulative semester hours of college credit 2. C- or better in the following CBA Foundation Courses: ECON 1021 Introduction to Decision Techniques OR ECON 1011 Business Statistics and ECON 1041 Principles of Macroeconomics 3. C- or better in an approved English composition course which would include one of the following: ENGLISH 1005 College Writing and Research or equivalent ENGLISH 2015 Craft of Academic Writing, ENGLISH 2120 Critical Writing About Literature, or CLEP credit in ENGLISH 1005, English Composition with Essay (PLEASE NOTE: ENGLISH 1002, College Writing Basics DOES NOT satisfy the writing requirement for admission to the CBA.) 4. Total or UNI* cumulative GPA of at least 2.50 on all university-level courses *(UNI cumulative GPA must be based on 12 or more credit hours) 5. Declaration of Curriculum form filed with UNIBusiness Advising (CBB 5) Applications for admission will be evaluated only after students have completed and received grades for the requirements listed above. Students not meeting requirements after 30 hours of credit may complete additional course work and reapply. All forms should be submitted on a timely basis to ensure proper handling and access to course registration. Forms and information about deadlines are available at UNIBusiness Advising (CBB 5). Note: Students majoring in the College of Business Administration are STRONGLY ADVISED to complete MGMT 2080, Introduction to Information Systems, prior to enrolling in upper-division College of Business Administration courses. The College of Business Administration subscribes to the University's policy of affirmative action and equal educational opportunity. Adopted by the CBA Faculty Council 4/30/97 6

7 COLLEGE OF BUSINESS ADMINISTRATION RETENTION POLICY In addition to the University s policy with regard to Academic Warning, Probation, and Suspension, College of Business Administration majors must maintain a 2.20 cumulative UNI GPA and a 2.20 cumulative GPA in all CBA courses taken at UNI to remain a declared major in good standing. Students not meeting these standards will be subject to the following: Warning: Any student with a cumulative UNI GPA, or a cumulative UNI CBA GPA, 1-5 grade points deficient of the total necessary for a 2.20 index, will receive written notification of their deficiency. Such students should consult with their academic advisor, or an advisor in UNIBusiness Advising (CBB 5) before the start of the next semester. Probation: Any student who is deficient six or more grade points will be placed on CBA probation. Probationary business majors are required to consult with a professional advisor in UNIBusiness Advising (CBB 5) before being allowed to register for classes. Together with the advisor, students should develop a plan of action which would potentially enable them to reduce their deficiency points and achieve satisfactory academic standing. Students on CBA probation must receive advisor approval from UNIBusiness Advising before registering for classes. The College of Business Administration reserves the right to restrict enrollment in CBA classes for any business major placed on CBA probation. Adopted by the CBA Faculty Council 4/9/97 COLLEGE OF BUSINESS ADMINISTRATION GRADUATION POLICY In addition to University and Departmental requirements, students majoring in Accounting, Business Teaching, Economics/Business Economics, Finance, Real Estate, Management, Management Information Systems, or Marketing must also meet the following requirements to graduate: 1. Earn at least 50% of the business credit hours required for the major at UNI. 2. Complete at least 50% of the credit hours required for the degree outside the College of Business Administration. Up to nine hours of economics (excluding 920:020) and six hours of statistics may be counted as outside the CBA. 3. A cumulative UNI GPA of 2.20 or better (Business Teaching majors must complete a total cumulative and cumulative UNI GPA of 2.50 or better) 4. A cumulative GPA of 2.20 or better for all College of Business Administration (ACCT, MKTG, MGMT, FIN, ECON) courses taken at UNI 5. Students given permission to graduate out-of-residence must earn a 2.20 or better in all courses approved and accepted for out-of-residence credit. Note: Economics majors must earn a cumulative GPA of 2.50 or better, for all UNI Economics courses (ECON) except ECON 1021, ECON 1031, and ECON Economics majors must also complete ECON 1041, ECON 1051, ECON 2122 and ECON 2112 with at least a C- in each course whether taken at UNI or at an institution from which transfer credit for these courses is accepted. Adopted by the CBA Faculty Council 4/28/97 7

8 COLLEGE OF BUSINESS ADMINISTRATION COURSE REGISTRATION POLICIES The College of Business Administration maintains its own registration policies and procedures in addition to those published by the University. The Guide to Registration explains the UNIBusiness registration rules, regulations, and procedures. The Guide to Registration is published each semester and is made available through UNIBusiness Advising (CBB 5) to all students registering for business classes. Any changes in UNIBusiness registration policies are published in the Guide to Registration. Students are, therefore, strongly advised to acquire and read a copy of the Guide to Registration each semester to note changes in UNIBusiness registration procedures before registering for business classes. Students with questions regarding registration policies should go to UNIBusiness Advising (CBB 5) for clarification. Student Rights The College of Business Administration follows University policies and regulations with regard to student rights and grievance procedures. A copy of these policies is made available to students. Additional copies are available in the Office of the Vice President for Student Affairs, GIL 118. Tutoring The College of Business offers free tutoring for the following courses: ACCT 2120 Principles of Financial Accounting ACCT 2130 MGMT 2080 FIN 3130 ECON 1021 ECON 1041 ECON 1051 ECON 1011 Principles of Managerial Accounting Introduction to Information Systems Corporation Finance Introduction to Decision Techniques Principles of Macroeconomics Principles of Microeconomics Business Statistics Students may check with the Departmental Offices or UNIBusiness Advising (CBB 5) for information about tutoring schedules. 8

9 College of Business Administration Dual Advising System Students majoring in the College of Business Administration have access to both faculty and professional advisors. Students will be assigned a faculty advisor in the area of their major field of study. The faculty member s name will be listed as the student s advisor. In addition, professional advisors are available to all CBA students and are located in the UNIBusiness Advising (CBB 5). The following table briefly outlines the different functions provided by faculty and professional CBA advisors. Faculty Advisors Name listed on student records Location faculty offices Are experts in their field and serve as a resource for career enhancement Can provide coaching/mentoring for career planning, preparation, and professional development Professional Advisors Provide technical information Location CBB 5 Assist students with educational & career choices, academic planning and meeting degree requirements Provide information on academic programs, rules, regulations, policies, and procedures Advisors expect that students will: Define academic, career and personal goals and develop plans to reach goals Learn degree requirements and explore ways to enhance your education Schedule and keep appointments with advisors in CBA Advising (CBB 5) Prepare for advising sessions and reflect and act on the advice given Seek help immediately when problems occur and take action Take responsibility for achieving his/her degree UNI Grading System LETTER GRADING SYSTEM A = 4.00 B = 3.00 C = 2.00 D = 1.00 A- = 3.67 B- = 2.67 C- = 1.67 D- =.67 B+ = 3.33 C+ = 2.33 D+ = 1.33 F = crs. = Freshman crs. = Sophomore crs. = Junior 90+ crs. = Senior 9

10 Freshmen Year Sophomore Year Junior Year Senior Year ACADEMIC PLANNING ACADEMIC PLANNING ACADEMIC PLANNING ACADEMIC PLANNING Be sure you are declared a pre-business major. Make sure you check the university catalog online for reference on all University rules and procedures. Complete required BUSINESS 1000 Introductory Seminar for Business Professionals in fall or spring semester and read online UNIBusiness Student Handbook. STUDY Determine and balance your learning style and develop a sound approach to learning and studying. Seek free tutoring assistance. Make sure you meet UNIBusiness admission requirements. When you do, go to CBB 5 and declare your major. STUDY and seek free tutoring assistance. Enroll in required BUSINESS 2000 Business Professional in Training during the sophomore year. Consider adding a minor or certificate at the time of admission to UNIBusiness to enhance your career options. STUDY Seek free tutoring assistance. Be aware of the gpa needed for graduation. Review graduation policies and make sure you are tracking to meet requirements. Discuss deficiencies with a UNIBusiness advisor in CBB 5. Consider developing a mentoring relationship with a faculty member in your major department. Meet with an advisor in CBB 5 or your record analyst in the Registrar s Office (GIL 115) to ensure you are meeting all requirements for graduation. Is your gpa satisfactory in your major and for UNI? Consider repeating a course if necessary. Apply online for graduation at the time you register for your final semester. STUDY Consider enrolling in BUSINESS 4000 Advanced Professional Skills to further enhance your professional readiness skills. Become familiar with major requirements and UNIBusiness and University policies and procedures through the BUSINESS 1000 class as well as learn how to read your advisement report and develop an individual POS (plan of study). Check out scholarship opportunities. Apply online through aid using the common scholarship application Review POS and make adjustments if necessary. Check advisement report for errors and discuss with a UNIBusiness advisor in CBB 5. Consider enrolling in BUSINESS 3000 Intermediate Professional Skills to further enhance your professional readiness skills. Consider graduate school. Register for any required professional exams. CAREER PLANNING Plan your job search. Make sure your UNI Job Board account is up to date and check it often. Plan schedule for next semester through the BUSINESS 1000 class and have freshman registration hold removed. Schedule own classes via the computer. Always check class schedules at the beginning of each new semester for errors. Work on meeting UNIBusiness admission requirements. Study and seek free tutoring assistance. CAREER PLANNING Develop a resume and register for your free UNI Job Board account to view major- related opportunities. Attend the Career Fair. *Visit with a Career Services Advisor in CBB 5 and begin to develop your career goals. Consider joining a UNIBusiness student organization related to your major. Consider study abroad opportunities to enhance your education and build a global business perspective. Visit The Study Abroad Center in GIL 28 or contact Chris Schrage in CBB 5 for UNIBusiness Study Abroad programs. Read the Wall Street Journal and other business related magazines and books to keep on top of current business issues. CAREER PLANNING Attend Co-op orientation sessions. Network and find an internship/co-op position and explore career opportunities by attending the campus career fairs. Have your resume critiqued by a Career Services peer. Get involved with leadership and professional development opportunities through UNIBusiness student organizations. CAREER PLANNING Apply for scholarships through aid using the common application. Update your UNI Job Board profile information and most recent resume. Apply and participate in on-campus interviewing through UNI Job Board. Start to build and maintain your network of contacts for possible future job opportunities. Consider contacting UNIBusiness alums. Attend fall and spring career fairs. It is your last summer. If you haven t secured a co-op or internship position yet, consider this experience or consider fulfilling your liberal arts capstone requirement by studying abroad. Think about volunteering for a leadership role in university activities or a UNIBusiness student organization. Think about long-term career goals and investigate possible opportunities for employment. Perfect your cover letter, thank you letter and other job search materials. Practice your interviewing skills with a videotaped mock interview. Schedule weekly time to contact employers, apply for positions and follow up with the employer. Build your professional wardrobe. Attend campus and statewide career fairs. Be sure to interview on campus with employers interested in UNI students. Attend graduation ceremonies. Congratulations! You made it! *For career-related resources contact Laura Wilson or Matt 319/ , CBB 5 10

11 PRE-BUSINESS MAJORS Business students who have not satisfied CBA admissions standards may be classified as a pre-business major in one of the eight majors in business or as a pre-business/undecided major. Pre-business student will be assigned faculty advisors from the department in which they intend to major or an advisor in UNIBusiness Advising (CBB 5). Pre-business majors should work on meeting the CBA admission requirements as soon as possible. It is a good idea for students to develop their own plan of action to meet CBA admission standards. Advisors in UNIBusiness Advising (CBB 5) are happy to discuss action plans for admission with any intended student. Pre-business majors may register for only 1000/2000-level CBA courses for which they have met prerequisites in addition to university liberal arts core and university electives. It is important for pre-business majors to keep abreast of any changes in the CBA admission standards by contacting UNIBusiness Advising (CBB 5). DECLARING A BUSINESS MAJOR Students who desire to major in any area of business except the General, Applied Economics or Quantitative Techniques, emphases of the Economics major should go to UNIBusiness Advising (CBB 5) to declare their major. Economics majors with the General, Applied Economics or Quantitative Techniques emphases are not subject to the UNIBusiness admission and retention policies and should declare their major in the Economics Department (CBB 219). In UNIBusiness Advising (CBB 5) students will be permitted to declare a major in Accounting, Business Teaching, Economics (Business Analysis), Finance, Management Information Systems, Management, Marketing, or Real Estate if they have met the College admission requirements. Students who have met these requirements must declare one of the eight majors listed above to be formally admitted to the College of Business Administration. The major may be changed at will. DOUBLE MAJORS/MINORS POLICY College of Business Administration majors may double major and/or major and minor within the College. UNIBusiness majors must follow their departmental double majors/minors policy published in the departmental opening notes in the UNI catalog. Any student with a College of Business Administration major wishing to declare another business major must have a total or UNI* cumulative GPA of at least 2.50 on all University-level courses at the time of declaration *(UNI cumulative GPA must be based on 12 or more credit hours). Any student wishing to declare a minor in the College of Business Administration must have a total or UNI* cumulative GPA of at least 2.50 on all University level courses at the time of declaration *(UNI cumulative GPA must be based on 12 or more credit hours). Business majors choosing to double major within the College of Business Administration must remember to satisfy the 50% Graduation Policies published in the UNI Catalog. Specifically, students must complete at least 50% of the credit hours required for the degree outside the College of Business Administration. Up to nine hours of economics (excluding ECON 1021) and six hours of statistics may be counted toward credit outside the College. Non-business majors may not enroll in more than 30 hours from the College of Business Administration (ECON 1041 and ECON 1051 excluded from the total). In addition, non-business majors may not complete more than one College of Business Administration minor (Economics excluded). 11

12 Accounting Accounting majors may declare a double major, and/or major and minor within the College of Business Administration subject to regulations imposed by the CBA and those CBA departments involved. Accounting majors minoring within the CBA must select minors designated for business majors. Accounting majors may declare additional CBA majors in one or more of the following areas only: Business Teaching, Economics (any emphasis), Finance, Management, Marketing, MIS, and Real Estate. Accounting majors minoring within the CBA may select only these minors: Finance, Real Estate/Business, Economics, Business Communication and International Business. Economics Economics/Business Economics majors may declare a double major and/or major and minor within the College of Business Administration, subject to the regulations imposed by the CBA and those CBA departments affected. Economics/Business Economics majors minoring within the CBA must select minor designated for business majors. Economics majors with the General, Quantitative Techniques and Applied Economic Analysis emphasis may double major or major and minor in all areas of business. However, Economic students majoring in any one of the three emphasis areas listed above and minoring within the CBA must select minors designed for nonbusiness majors. Not more than one emphasis may be declared in Economics. Economics/Business Economics majors may declare additional CBA majors in one or more of the following areas only: Accounting, Business Teaching, Finance, Management, Marketing, MIS, and Real Estate. Economics/Business Economics majors minoring within the CBA may select only these minors: Finance, Real Estate/Business, Business Communication, and International Business. Finance and Real Estate Finance and Real Estate majors may declare a double major, and/or major and minor within the College of Business Administration, subject to regulations of the CBA and other CBA departments involved. Finance and Real Estate majors minoring within the CBA must select minors designated for business majors. Finance majors cannot minor in Finance and Real Estate majors cannot minor in Real Estate. However, Finance majors may double major or minor in Real Estate, and Real Estate majors may double major in Finance. Finance majors may not declare more than one emphasis area. Finance majors may declare additional CBA majors in one or more of the following areas only: Accounting, Business Teaching, Economics (any emphasis), Management, Marketing, MIS and Real Estate. Real Estate majors may select an additional CBA major in one or more of the following areas only: Accounting, Business Teaching, Economics (any emphasis), Finance, Management, MIS and Marketing. Finance majors minoring within the CBA may select only these minors: Real Estate/Business, Economics, Business Communications, and International Business. Real Estate majors minoring within the CBA may select only these minors: Finance, Economics, Business Communication, and International Business. 12

13 Management and Management Information Systems Students majoring in Management are permitted to declare a double major within the College of Business However, not more than one emphasis area may be declared in Management. Management Information Systems (MIS) majors may double major within the College of Business Administration. Management and MIS majors may declare a minor within the College of Business Administration; however, the CBA minor selected must be designated for business majors. Management majors may declare additional CBA majors in one or more the following areas only: Accounting, Business Teaching, Economics (any emphasis), Finance, Marketing, MIS and Real Estate. MIS majors may declare additional CBA majors in one or more the following areas only: Accounting, Business Teaching, Economics (any emphasis), Finance, Management, Marketing and Real Estate. Management and MIS majors minoring within the CBA may select only these minors: Finance, Real Estate/Business, Economics, Business Communication, and International Business. Business Teaching Business Teaching majors may declare a double major and/or major and minor within the College of Business Administration, subject to the regulations imposed by the CBA and those CBA departments affected. Business Teaching majors minoring within the CBA must select minors designated for business majors. Business Teaching majors may declare additional CBA majors in one or more the following areas only: Accounting, Economics (any emphasis), Finance, Management, Marketing, MIS and Real Estate. Business Teaching majors minor within the CBA may select only these minors: Finance, Real Estate/Business, Economics, Business Communication, and International Business. Marketing Marketing majors may declare a double major and/or major and minor within the College of Business Administration, subject to the regulations imposed by the CBA and those CBA departments affected. Marketing majors minoring within the CBA must select minors designated for business majors. Marketing majors may not declare more than one emphasis area. Marketing majors may declare additional CBA majors in one or more the following areas only: Accounting, Business Teaching, Economics (any emphasis), Finance, Management, MIS and Real Estate. Marketing majors minor within the CBA may select only these minors: Finance, Real Estate/Business, Economics, Business Communication, and International Business. Declared Business Majors Students admitted to the CBA are considered and referred to as declared business majors. Declared business majors with 60 hours of credit are eligible to register for any 3000/4000-level CBA course as long as they have met prerequisites. Declared business majors are assigned faculty advisors from the department in which they declare their major. 13

14 Additional Registration Policies 1. Any section of MKTG 2110, MGMT 3100 and MGMT 3153 designated as a non-business-major section will not count toward a business major. 2. No more than 30 credits of CBA courses may be accumulated by non-business majors (ECON 1041 and ECON 1051 excluded from the total). 3. Non-business majors may not accumulate more than 15 credits of 3000-level CBA credits, to also include MKTG Non-business majors may not take more than 6 credits of 3000-level CBA credits per semester, to also include MKTG Students who graduate with a business major must be a declared business major in the semester they graduate. 6. Declared Business majors require CBA approval to change their major. Approved by CBA Department Heads 4/21/09 Revised with new course numbers 4/21/11 14

15 UNIBusiness graduates are distinctive in a variety of ways: Our graduates attribute their early career success to a rock-solid academic foundation something we call within the College cutting-edge business knowledge. Our alumni distinguish themselves by their homegrown values of hard work, integrity, humility, and personal responsibility, their strong work values. UNIBusiness students have a unique opportunity learn the skills not typically taught in class: confidence, leadership, adaptability, tolerance for ambiguity, communication skills, and proper professional etiquette exceptional professional skills. What is the Professional Readiness Program? The program consists of a required series of professional development activities, a resource lab, and a staff of professionals to assist students in their progress toward professional readiness. All business majors are required to complete at least two levels of meetings, workshops, campus events, and presentations from distinguished alumni and other business professionals. Students who complete all four levels will receive a certificate of completion and a notation on their UNI transcript. What level should I register for? All new business majors must register for BUSINESS 1000 Seminar for Business Professionals along with Fall semester classes. Spring registrants will begin in the Fall of the following year. Students who have completed BUSINESS 1000 and should register for BUSINESS 2000 Business Professionals in Training, typically in their second year, along with either Spring or Fall semester classes. Students who have completed both BUSINESS 1000 and BUSINESS 2000 have the option of continuing their professional development by registering for BUSINESS 3000 Intermediate Professional Skills and BUSINESS 4000 Advanced Professional Skills. What does the Professional Readiness Program Cover? The program addresses professionalism across four areas: Professional Attitude, Communication and Presentation Skills, Writing and Reasoning Skills, and Organizational Awareness. Students gain an overview of business expectations as well as skill development in such areas as time management, leadership, diversity, emotional intelligence, business writing, presentation software, interviewing, business etiquette, teamwork, problem solving, and networking. 15

16 What are the Professional Readiness Program meetings like? BUSINESS 1000 focuses on resources for new UNIBusiness majors understanding the majors in the college, hearing from young professionals in various fields of business, learning about college admission and graduation requirements, career development tools and begins developing professional skills. Skill workshops focus on leadership, business ethics, professional and phone use, and time management. BUSINESS 2000 focuses solely on professional skill and career development. Second level students receive training and develop tools necessary for a successful career search resume, cover letter, one minute pitch, mock interview. Skill workshops expand students skills in leadership, conversation skills, business writing, conflict management, and navigating generational differences in the workplace. BUSINESS 3000 continues the development of students professionalism with small groups meet regularly to learn and practice skills centered around developing students on a more personalized level. Students in the third level also participate in an etiquette dinner event. BUSINESS 4000 meets fewer times during the semester, but for a longer period of time to allow students to dive deeper into each topic. Sessions include business writing, leadership, and negotiating. What is the Professional Readiness Center? A PRP resource center offers individual assistance for students as they develop their skills in all areas of professionalism. Space is available for computer based learning, presentation practices and videotaping, executive coaching and mentoring meetings, and individual consultations. Where do I find out more about PRP? Visit the PRP website at Drop by the PRP office at CBB 5, prp@uni.edu, or Call

17 Career Opportunities for an Accounting Major Accounting is the language of business. As such, it can lead to a career in many areas of business. Accountants collect and report information necessary for sound business decisions. They also analyze business events and transactions and use the information to determine the financial condition and operating results of businesses. If you are interested in these aspects of the business world, a career in accounting may be right for you. Accounting is an integral component of the College of Business Administration (CBA) which is accredited by AACSB International, and the Department of Accounting provides high-quality undergraduate and graduate educational experiences for future accountants. Accounting majors have the opportunity to acquire the knowledge, analytical methods, and skills and attitudes necessary to become successful professionals. The goal of the Accounting program is to graduate alumni who accept their responsibilities (both professional and societal) and who are reflective decision makers for today s global society. Four principal types of employers hire professional accountants--public accounting firms (provide audit, tax and consulting services to a variety of clients), private industry (prepares external financial reports and provides cost analysis, budgeting, and other analysis for use by management of the employing firm), governmental and not-for-profit organizations (provide accounting information and analysis to the employing municipality, county, state or federal government entity as well as hospitals, churches and social agencies), and accounting education (provides instruction and research at colleges and universities). 17

18 ACCOUNTING DEPARTMENT Location: CBB 329 Secretary: Debby Messerer Accounting Faculty Dr. Martha Wartick, Head Dr. Christine Bauman Dr. Mark Bauman Dr. Leroy (Rick) Christ Dr. Mary Christ Mr. David Deeds Dr. Eric Lee Dr. Tim Lindquist Dr. Hem Mpundu Dr. Joel Pike Dr. Dennis Schmidt Mr. George Scully Dr. Gerald Smith Office Location CBB 331 CBB 357 CBB 347 CBB 353 CBB 354 CBB 252 CBB 356 CBB 349 CBB 351 CBB 358 CBB 355 CBB 261 CBB 350 Office hours for individual faculty are posted on their office door or are available in the Accounting Department Office in CBB

19 ACCOUNTING MAJOR Required Business Core (39 hours) Credit ECON 1041 Principles of Macroeconomics 3 hrs. ECON 1051 Principles of Microeconomics (ECON 1041) 3 hrs. ECON 1011 Business Statistics (STAT 1772 OR equivalent) 3 hrs. ECON 1021 Introduction to Decision Techniques (STAT 1772 OR equivalent) 3 hrs. ACCT 2120 Principles of Financial Accounting (Sophomore standing) 3 hrs. ACCT 2130 Principles of Managerial Accounting (Sophomore standing; C- or better in 3 hrs. ACCT 2120). MGMT 2080 Introduction to Information Systems 3 hrs. MKTG 2110 Principles of Marketing (Sophomore standing; CBA Admittance) (ECON hrs. OR ECON1041) FIN 3130/5130 Corporation Finance (Junior standing; CBA Admittance; ACCT 2130; ECON 3 hrs. 1041; ECON 1051; ECON 1011) MGMT 3153 Organizational Management (Junior standing; CBA Admittance) 3 hrs. MGMT 3100 Legal & Social Environment of Business (Junior standing; CBA Admittance) 3 hrs. MGMT 3154 Operations Management (Junior standing; CBA Admittance; ACCT 2130; 3 hrs. MGMT 2080; ECON 1021; ECON 1011) MGMT 4175 Business Policy and Strategy (Senior standing; completion of rest of CBA core) 3 hrs. 39 hrs. ACCOUNTING MAJOR REQUIREMENTS No upper-level (3000 and above) Accounting course may be taken on a credit/no credit basis without the written consent of the Department Head except ACCT 3090, ACCT 3092, ACCT 3179 and ACCT *To graduate, a student must receive a C- or better in ACCT 3120, ACCT 3122, ACCT 3130, ACCT 4150; ACCT 4160, ACCT 3140; a 2.2 UNI Cumulative GPA and 2.2 UNI GPA in the major. ACCT 3120 Intermediate Accounting I (Junior standing; ACCT 2120; ACCT 2130)* 3 hrs. ACCT 3122 Intermediate Accounting II (Junior standing ACCT 2120; ACCT 2130; (C- or 3 hrs. better in ACCT 3120)* ACCT 3130 Cost Accounting (Junior standing; ACCT 2120; ACCT 2130)* 3 hrs. ACCT 3140 Accounting Information Systems (Junior standing; ACCT 2120; ACCT 2130; 3 hrs. ACCT 3120; MGMT 2080) (C- or better in ACCT 3120) ACCT 4150 Income Tax (Junior standing; ACCT 2120; ACCT 2130; ACCT 3120) (C- or 3 hrs better in ACCT 3120)* Fall only ACCT 4160 Auditing (Junior standing, ACCT 2120; ACCT 2130; ACCT 3120; ACCT 3122, ACCT 3140) (C- or better in ACCT 3120)* 3 hrs 18 hrs. Required Major Hours 57 hrs. 19

20 PROFESSIONAL READINESS REQUIREMENTS: (0 hours) Must take two of the three in consecutive order BUSINESS 1000 Freshman Seminar for Business Professionals (freshmen only) 0 hrs. BUSINESS 2000 Business Professional in Training 0 hrs. BUSINESS 3000 Intermediate Professional Skills 0 hrs. Major Hours: 57 Liberal Arts Core: 45 University Elective Hours 18 Total Hours 120 ACCOUNTING ELECTIVES The following is a summary of the accounting electives offered. There are more accounting courses offered than can reasonably be taken in a four-year, eight-semester program. Students should consult with their advisors regarding specific courses to take. Accounting majors who anticipate taking professional examinations such as the Certified Public Accountant (CPA) exam, the Certified Management Accountant (CMA) exam, or the Certified Internal Auditor (CIA) exam should read the information in the accompanying section, "Preparing for Professional Examinations." ACCT 4025/5025 Advanced Accounting (Junior standing; ACCT 2120; ACCT 2130; ACCT 3120; ACCT 3122) Recommended for all accounting majors, and highly recommended for students who intend to sit for the CPA exam. Offered Fall and Spring. ACCT 4032/5032 Advanced Cost Accounting (Junior standing; ACCT 2120; ACCT 2130; C- or better in ACCT 3130) Taken after ACCT 3130 and primarily intended for students who want to learn about advanced topics in cost accounting. Offered Variable. ACCT 3055 VITA: Volunteer Income Tax Assistance (ACCT 2120; ACCT 2130; ACCT 3120; ACCT 4150) Students provide free tax assistance to low and middle-income taxpayers. Offered Spring only. ACCT 3075 Legal Concepts for Accountants (Junior standing) Required for students in order to take ACCT 4082 Regulation Review. Students entering the MAcc should NOT take this course. Offered Fall and Spring. ACCT 4052 Advanced Income Tax (Junior standing; ACCT 2120; ACCT 2130; ACCT 3120; ACCT 4150) Highly recommended for students who are interested in taxation and those who intend to sit for the CPA exam Offered Spring only. ACCT 4065/5065 Principles of Fraud Examination (ACCT 2120; ACCT 2130; ACCT 3120; ACCT 3122; ACCT 4160; ACCT 3140; MGMT 2080; Junior standing) Examines the motivation, prevention, detection, investigation and resolution of fraud. Offered variable. 3 hrs 3 hrs 2 hrs 3 hrs 3 hrs 3 hrs 20

21 ACCT 4070/5070 Government and Not-for-Profit Accounting (Junior; ACCT 2120; ACCT 2130; ACCT 3120; ACCT 3122) Highly recommended for students who plan to pursue careers in government or not-for-profit institutions. Course content includes material covered on the CPA exam. Offered Fall and Spring. ACCT 4080 FAR Review (ACCT 2120; ACCT 2130; ACCT 3120; ACCT 3122; ACCT 3140; ACCT 4150; ACCT 4160; Junior standing) Review of the Financial Accounting and Reporting section of the CPA Exam. Offered Spring only. ACCT 4082 Regulation Review (ACCT 2120; ACCT 2130; ACCT 3075; ACCT 3120; ACCT 3122; ACCT 3140; ACCT 4150; ACCT 4160; Junior standing) Intensive study of business law and income tax to prepare for the Regulation section of the CPA Exam. Offered Spring only. ACCT 4084 Auditing Review (ACCT 2120; ACCT 2130; ACCT 3120; ACCT 3122; ACCT 3140; ACCT 4150; ACCT 4160; Junior standing) Review of the Auditing section of the CPA Exam. Offered Spring only. 3 hrs 3 hrs 3 hrs 1 hr 21

22 Double Majors/Minors Policy/Accounting Accounting majors may declare a double major and/or major and minor within the College of Business Administration, subject to the regulations imposed by the CBA departments affected. Accounting majors may declare additional CBA majors in one or more of the following areas only: Business Teaching, Economics (any emphasis), Finance, Management, Marketing, MIS and Real Estate. Accounting majors minoring within the CBA must select these minors: Finance, Real Estate/Business, Economics, Business Communications or International Business/Business. A total cumulative GPA of 2.5 is required to declare a double major and/or minor in business. 150-HOUR REQUIREMENT Accounting students who plan to practice as a CPA need to determine the 150-hour requirement for the state in which they plan to practice. Requirements differ from state to state. Prior to the issuance of an Iowa CPA certificate, candidates must earn 150 semester credit hours. UNI undergraduate degrees require a minimum of 120 credit hours. Therefore, UNI accounting students must earn 30 additional semester credit hours above this minimum (with 6 hours being upper-level accounting). A variety of options are available at UNI to meet this requirement. One option is to enter UNI s Master of Accounting (MAcc) program. This 30-hour program is designed to enhance the student s accounting knowledge, critical-thinking ability, research skills, problem-solving capability, and other critical skills and knowledge required to be a successful accountant in public accounting, business, and government. At the same time, students have options to concentrate in areas of particular interest to them. UNI s Graduate College entrance requirements and the MAcc entrance requirements must be met for this option to be available to the student. Additional information can be obtained from the MAcc Program Director, CBB 357. Another option is to continue to take undergraduate courses totaling 150 hours, often pursuing a second major or minor in another area. The variety of undergraduate courses within the CBA in accounting, management information systems, finance, economics, management and marketing and outside the CBA in communications, criminology, mathematics, foreign language and others make this a viable option. 22

23 PREPARATION FOR PROFESSIONAL EXAMINATIONS CPA Exam In addition to the 150-hour requirement discussed previously, students who plan to become licensed as a CPA must pass the Uniform CPA Exam. To be eligible to take the CPA exam as an Iowa candidate, students must have an undergraduate degree and complete 24 hours of upper-level accounting courses. (Note that this means students must take two upper-level accounting courses in addition to the six upper-level Accounting courses required for the undergraduate degree). Accounting majors preparing for the Uniform CPA Exam are strongly encouraged to take the following courses. See the Accounting Electives section for specific course prerequisites and other information. ACCT 3075 Legal Concepts for Accountants - Should be taken in the third or fourth year and is a prerequisite for Regulation Review (ACCT 4082) ACCT 4080 FAR Review - This course reviews the Financial Accounting and Reporting section of the CPA exam and should be taken in the Spring semester of the last year of the accounting program. ACCT 4082 Regulation Review - This course reviews the Regulation section of the CPA exam. A prerequisite for this course is ACCT 3075 Legal Concepts for Accountants. (The prerequisite for MAcc students is ACCT 6170 Business Law for the Professional Accountant.) Regulation Review should be taken in the Spring semester of the last year of the accounting program. ACCT 4084 Auditing Review - This course reviews topics covered on the Auditing section of the CPA exam and should be taken in the Spring semester of the last year of the accounting program. CMA Exam Accounting majors preparing for the Certified Management Accountant (CMA) examination may want to take additional courses in economics, finance and management to supplement their already strong preparation in accounting. Suggested courses are: MGMT 3965 Organizational Behavior FIN 4145 Advanced Financial Management ECON 2122 Intermediate Macroeconomic Theory ECON 2122 Intermediate Microeconomic Theory The CMA exam stresses all aspects of business. It focuses on the key principle of effective decision making -- the development and analysis of information. The exam is appropriate for students who plan on public or nonpublic accounting careers. Students who successfully pass the CPA exam are exempt from the financial accounting section of the CMA exam. CIA Exam Accounting majors preparing for the Certified Internal Auditor (CIA) examination should take Auditing (ACCT 4160), and Fraud Examination (ACCT 4065/ACCT 5065). In addition, coursework in economics, finance, information systems, management and quantitative methods should be elected to support a professional career in internal auditing and preparation for the CIA exam. This exam is appropriate for students who plan a career in internal auditing in industry or in government or other nonprofit organizations 23

24 IOWA REQUIREMENTS TO TAKE THE CPA EXAM Information for UNI Students The CPA exam is a computerized exam and is offered "on demand" five (and sometimes six) days a week during the first two months of each calendar quarter. The exam is not offered in March, June, September or December. Almost all students at UNI who take the exam will be applying to sit for the exam as Iowa candidate. An Iowa candidate may physically sit for the exam in any state. Within the state of Iowa, the exam is presently offered in Bettendorf, Iowa City, Sioux City and West Des Moines. The following summarizes the current requirements to sit for the CPA exam in Iowa. 1. Before you can submit your application to take the CPA exam, you must have already graduated with at least a bachelor's degree in accounting (and have met the 24 hours described in the next paragraph) or have earned a bachelor's degree and completed at least 24 hours of non-accounting business courses in addition to the 24 hours of accounting courses required in the next two paragraphs. 2. Before you can submit your application, you must already have completed 24 hours of accounting courses beyond the elementary accounting level. The elementary level is defined as Principles of Financial Accounting and Principles of Managerial Accounting. Courses in which you are currently enrolled do not count as having been completed. Co-op or internship credits do not count toward the 24 hours. The CPA Review courses do count toward meeting the 24 hour requirement. 3. As part of the 24 hours of accounting needed at the time you submit your application, you must have completed upper-level courses in Income Tax, Cost/Managerial and Auditing. You will not be allowed to apply to take the CPA exam until you have met the requirements in paragraphs 1 through 3 above. Other items to note: 1. In Iowa you do not need to have completed 150 hours to take the exam. You do need tohave 150 hours before you can become a CPA but, as long as you meet the requirements above, you may take the exam. 2. Many of you who graduate in December will take additional courses in the Spring semester to help you prepare for the CPA exam (Auditing Review, FAR Review, Regulation Review, Advanced Income Tax, Government and Not-for-Profit or Advanced Accounting, for example). However, any financial aid you receive may be affected. Some loans, grants and scholarships terminate on graduation. If you receive financial aid you should determine how graduation will affect your situation. Also, when you graduate you will not be allowed to complete a minor or double major in a subsequent semester. Any major or minor requirements must be completed before graduation. 3. The application and registration process for the CPA exam takes anywhere from four to eight weeks. Therefore, if you haven't graduated before the Spring semester in which you are taking the review courses, you will almost certainly not be able to take any part of the exam in May. Since the exam is not offered in June, you will not be able to start taking the exam until July. The final authority on qualifications and requirements rests with the National Association of State Boards of Accountancy. If you have specific technical questions, visit the web site at or you may call them at CPAEXAM or send an to cpaexam@nasba.org. 24

25 ACCOUNTING MAJOR UNI COLLEGE OF BUSINESS ADMINISTRATION The University of Northern Iowa offers a fifty-seven (57) semester hour major in accounting which leads to a Bachelor of Arts (B.A.) degree. All fifty-seven hours are required. Many students elect to take more than the minimum hours in Accounting. The faculty has found that students who take more Accounting courses than required are better prepared for entry-level accounting positions and have a better technical background to prepare for professional certification examinations. Each student should realize, however, that, beyond the minimum degree requirements, it is ultimately the student's responsibility to select appropriate career objectives and choose courses accordingly. SAMPLE PROGRAM OF STUDY FOR BACHELOR OF ARTS DEGREE Non-CPA Track FRESHMAN YEAR Fall Semester Spring Semester ECON 1041 Principles of Macroeconomics 3 ECON 1051 Principles of Microeconomics 3 Liberal Arts Core 12 ECON 1021 Introduction to Decision Techniques BUSINESS 1000 Freshman Seminar for Bus Prof 0 ECON 1011 OR Business Statistics 3 Liberal Arts Core 9 SOPHOMORE YEAR Fall Semester Spring Semester ACCT 2120 Principles of Financial Accounting 3 ACCT 2130 Principles of Managerial Acctng 3 ECON 1011 Business Statistics OR MGMT 2080 Introduction to Information Sys 3 ECON 1021 Introduction to Decision 3 Liberal Arts Core and Electives 9 Techniques Liberal Arts Core 10 BUSINESS 2000 Business Professional in Training 0 JUNIOR YEAR Fall Semester Spring Semester ACCT 3120 Intermediate Accounting I 3 ACCT 3122 Intermediate Accounting II 3 ACCT 3130 Cost Accounting 3 ACCT 3140 Accounting Information Systems 3 CBA Core Requirements 6 CBA Core Requirements 6 Non-Business Elective 3 Elective 3 SENIOR YEAR Fall Semester Spring Semester ACCT 4150 Income Tax 3 MGMT 4175 Business Policy & Strategy 3 ACCT 4160 Auditing 3 Electives 9 CBA Core Requirement 3 Liberal Arts Core 3 Capstone 2 Non-Business Elective 3 25