Active Learning Opportunities

Overview

academics accounting
The ability to understand and manage finances is essential to all organizations and individuals. If you'd like a career with high value and a lifetime of opportunity, the Accounting program at Quincy University provides you a firm foundation and the ability to prosper in a dynamic economic climate.

Through our Accounting curriculum, you'll develop a broad working knowledge of the theory and practice in this complex field and be prepared to sit for the Certified Management Accountant (CMA) examination. You'll gain fluency in the language of business, which includes fundamental principles of accounting, economics, and business law, and master the qualitative and quantitative tools of the field. To comprehend the key issues of the profession, you'll explore the common core of knowledge that includes Principles of Marketing, Principles of Management, Business Finance, and Strategic Management. Your specialized expertise will be honed in such courses as Cost Accounting, Federal Tax Law, and Auditing Theory.

You'll learn from faculty members who combine doctoral or master's degrees in the field with firsthand experience in the marketplace. Their commitment to the Franciscan value of individualized education means that the experienced Quincy team will give you the feedback and support you need.

Our Accounting program offers a four-year bachelor of science degree in Business, with a major in Accounting, as well as a minor in Accounting.

Certified Public Accountant (CPA) Exam
Our Accounting program gives you several options to complete the 150 semester hours of academic credit required to sit for the Certified Public Accountant (CPA) exam. For example, many students double major in Accounting and another area of interest, such as Finance or Computer Science. Alternatively, some choose to pursue graduate education, often through Quincy's MBA Program.

Student Organizations
You can gain professional experience through the leadership and networking opportunities provided by membership in the student chapter of the Institute of Management Accountants (IMA). Quincy's award-winning IMA student chapter is affiliated with the local area chapter of the national organization, giving you ample opportunity to collaborate with area professionals. IMA student members organize tours, sponsor guest speakers, provide community service, and plan special events. Past student members have received IMA scholarships and attended national conferences. Other business student organizations include:
  • Collegiate Entrepreneurs' Organization (CEO), which promotes entrepreneurial initiatives and entrepreneurship across campus and the broader community
  • Students in Free Enterprise (SIFE), which promotes free enterprise practices through community involvement

Contact Us

For more information about the Accounting program, feel free to contact:

Dr. Vicky Eidson
Associate Professor of Accounting
217-228-5432 ext. 3061
This email address is being protected from spambots. You need JavaScript enabled to view it.

Courses

ACC 121     Principles of Financial Accounting
Credit Hours: 3
An introduction to financial accounting; generally accepted accounting principles and concepts; corporate financial statements; detailed discussion of current and noncurrent assets and liabilities, stockholders’ equity.

ACC 221     Management Accounting
Credit Hours: 3
An introduction to the role that accounting plays in assisting management in planning, evaluating performance and decision making. Topics include cost-volume-profit analysis, cost behavior, cost estimation, relevant costs for decision making, operational budgeting, and performance evaluation techniques. Prerequisite: ACC 121.

ACC 240    Leadership in Practice - Accounting
Credit Hours: 3
Students will gain leadership and teamwork experience through involvement in professional and community service activities related to requirements of the Institute of Management Accountant’s Gold Award of Excellence. Students may count 6 credit hours toward degree requirements.

ACC 311     Intermediate Accounting I
Credit Hours: 3
Discussions of accounting environment, process, concepts and theory. General survey of financial statements. Specific topics covered in more detail include accounting changes, cash, investments, receivables, inventories, and time value concepts. Prerequisite: ACC 121.

ACC 312     Intermediate Accounting II
Credit Hours: 3
Continuation of ACC 311. Specific topics include plant and equipment, intangible assets, current and contingent liabilities, bonds, earning per share, contributed capital, and retained earnings. Prerequisite: ACC 311.

ACC 313     Government Accounting
Credit Hours: 3
An introduction to the accounting principles and reporting for governmental units. Includes budgetary and financial reporting requirements of these organizations. Prerequisite: ACC 121.

ACC 315    Accounting Information Systems
Credit Hours: 3
The study of foundational concepts of accounting information systems and the impact of Information Technology upon the design and implementation of accounting information systems. The following topics will be covered: development of systems to satisfy the prevailing financial standards and management needs; systems development; transaction/data processing; data storage including direct access files and data warehousing, and the impact of E-Commerce and E-Business. The study of adequate internal controls and major models in controls including COSO, Corbit and the impact of the Sarbanes-Oxley Act will be integrated throughout the course. Case applications relating to all aspects of accounting information systems as well as theory will be emphasized. Prerequisite: ACC 221.

ACC 321 Cost Accounting
Credit Hours: 3
An introduction to cost accounting concepts and fundamentals, emphasizing the flow of cost information through an internal accounting system. Topics include the nature of cost accounting, its terminology, job and process cost systems, allocation of cost, decision making tools, and performance evaluations techniques. Prerequisite: ACC 221.

ACC 370-9  Special Topics In Accounting
Credit Hours: 1-3
Individual problems and research work. Prerequisite: permission of instructor and Dean of Business.

ACC 413    Intermediate Accounting III
Credit Hours: 3
Continuation of ACC 312. Topics include: revenue recognition and accounting for income taxes, pensions, post-retirement benefits, and leases. In addition, accounting changes, the statement of cash flow and full disclosure concept will be covered.  Prerequisite: ACC 312.

ACC 415     Advanced Accounting
Credit Hours: 3
Discussion of advanced financial accounting and reporting. Topics include business combinations, consolidated financial statements, foreign currency transactions, segment reporting, interim reporting, and partnerships. Prerequisite: ACC 312.

ACC 417     Federal Tax Law I
Credit Hours: 3
Discussion of currently existing Internal Revenue Code together with regulations and rulings concerning income taxation for individuals. Brief introduction to State Income Taxes. Prerequisite: ACC 121 or permission of instructor.

ACC 418      Federal Tax Law II
Credit Hours: 3
Continuation of ACC 417. Discussion of existing Internal Revenue Code together with regulations and rulings concerning partnerships and corporate taxation. Introduction to estate and gift taxes. Prerequisite: ACC 417.

ACC 419     Auditing Theory
Credit Hours: 3
Discussion of principles and techniques of auditing; internal control, independent audit functions, auditor’s opinion, standards of reporting and professional ethics. Prerequisite: ACC 312.

ACC 470-9  Special Topics In Accounting
Credit Hours: 1-3
Individual problems and research work. Prerequisite: permission of instructor and Dean of Business.

ACC 480-1  Practicum/Internship In Accounting
Credit Hours: 1-6
An assignment involving practical applications of accounting theory. Students will normally work with an accounting or business firm or with a not-for-profit institution within the nearby tri-state area, easily accessible to students and faculty supervisors. Offered on demand only as opportunities are available. See Dean of Business.

ACC 497     Seminar in Accounting
Credit Hours: 3
Discussion of contemporary accounting problems from the theoretical and pragmatic viewpoints. Report writing and oral presentations required. Prerequisite: Senior Accounting Majors.

Program Requirements

Accounting

In addition to satisfying QU's general education requirements, all students pursuing a degree in business must complete the following:

All students pursuing a degree in business must complete the following:

The Bonaventure Program and requirements for undergraduate degrees, pp. 7-11. The general requirements for degrees must include MAT 124 Applied College Algebra or MAT 125 College Algebra or higher Math, and PSY 100 Introduction to Psychology. PHI 327 Business Ethics is required for the Accounting majors and is recommended for Finance, Management, and Marketing majors. Additionally, students who believe they may sit for the CPA exam in the future should take PHI 327.

The students of the School of Business utilize various forms of technology including word processing, presentation software, spreadsheets, and some course specific software throughout their major program of study. Students are therefore exposed to the technology applied to problem solving and decision making in the business world.

The Language of Business. In order to function in the business world it is necessary to understand the language of business which includes accounting, business law, and economics. Required courses: ACC 121 Principles of Financial Accounting, ACC 221 Management Accounting; BUS 215 Business Law; ECO 222 Principles of Macro-Economics and ECO 223 Principles of Micro-Economics.

The Tools of Business. Communicating quantitatively and qualitatively is essential in business. To ensure each student obtains these skills, courses are taken in oral and written communications, computer applications, and quantitative methods. Required courses: COM 101 Fundamentals of Public Speaking, ENG 382 Business Communication, ECO 225 Business Statistics, ECO 226 Quantitative Methods, and BUS 219 Personal Finance.

Major.
Common Body of Knowledge. There is a common body of knowledge that all business students must experience in order to more fully understand the way businesses operate. The courses offering this exposure include management, marketing, finance, and strategic management and are considered part of the major area of study. Required courses: MGT 300 Principles of Management, MKT 331 Principles of Marketing, FIN 315 Business Finance, and BUS 497 Strategic Management. A grade of “C-” or better is required in BUS 497.

Specialized Body of Knowledge. Each student will select a major field of specialization in either Accounting, Finance, Management, or Marketing. Required major courses are delineated in each program. A cumulative 2.00 grade point average is required in the major courses. The student can receive a grade lower than “C-” in only two of the major courses.

ACC 311, 312, 413 Intermediate Accounting I, II, and III
ACC 313 or 315 Government Accounting or Accounting Information Systems
ACC 321 Cost Accounting
ACC 415 Advanced Accounting
ACC 417, 418 Federal Tax Law I and II
ACC 419 Auditing Theory

Two courses from:
BUS 316 Advanced Business Law
ECO 321 Managerial Economics
FIN 325 Intermediate Finance
FIN 415 Financial Statement Analysis
FIN/INB 427 International Finance (recommended)
MIS 305 Intro to Management Information Systems

Educational Testing Service Major Field Test (ETS)
Prior to graduation, each student is required to take the Educational Testing Service Major Field test in Business. This is a national test used to measure each student's level of achievement and to evaluate the business curriculum. Testing is administered in BUS 497.

Career Options

Nearly all Quincy Accounting graduates find immediate employment in public accounting firms, corporate accounting, or governmental accounting. Our Accounting graduates have held such positions as:
  • Revenue Auditor, Illinois Department of Revenue
  • Director of Internal Audit, Controller's Office, State of Illinois
  • Internal Revenue Agent, Treasury Department, Federal Government
  • Vice President, Northern Trust Company
  • Vice President/Controller, Core Source, Inc., Elk Grove Village, Ill.
  • President, BAS, New Jersey
  • Treasurer/Controller, Illinois Ayers Oil Company
  • Vice President and Chief Financial Officer, St. Elizabeth's Hospital, Nevada
  • President, Delta Health Care Management
  • Accountant and Financial Analyst, ADM
  • Credit Analyst, Great Southern Bank, Kansas City, Mo.
  • Auditor, Deloitte and Touche, St. Louis
  • Staff Auditor, Reliance Bank, St. Louis

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