College of Business
Accounting and Finance
Professor Kaye McClung, Head
The Department of Accounting and Finance offers concentrations designed to prepare students for positions in the profit and nonprofit sectors. The Bachelor of Science degree in Business Bdministration may be obtained with concentrations in Accounting or Finance.
The mission of the Department of Accounting and Finance at the undergraduate level is to:
- Advance the mission of the College of Business;
- Provide students majoring in accounting or finance an opportunity to acquire the knowledge and skills necessary for success in an accounting/finance career or graduate program;
- Provide students majoring in other business disciplines an opportunity to acquire basic accounting and finance knowledge and skills;
- Provide fundamental accounting and financial knowledge to nonbusiness students seeking to enhance personal skills or achieve individual career objectives.
The Department of Accounting and Finance is committed to providing high-quality educational programs supported by ongoing faculty research and active participation in community and professional organizations.
2006 - Business Administration: Accounting (B.S.)
- General Education (see for list of approved courses)
- Rhetoric and Composition: English 121, 122 (6 hours)
- Mathematics: Mathematics 131* (3 hours)
- Statistics: Management 211 *(3 hours)
- Natural Sciences: Two approved natural science courses, at least one including a laboratory component (7-8 hours)
- Humanities and Fine Arts: Two approved humanities and fine arts courses, one from fine arts and one from either (6 hours)
- Cultures and Civilizations: Option A: One approved Western Humanities course and one approved Non-Western Cultures and Civilizations course OR Option B: two approved World Civilization courses (6 hours)
- Behavioral and Social Sciences: One course from Economics 101 or 102 and one course from Anthropology 152, Political Science 101, Psychology 101, or Sociology 151* (6 hours)
Major and Related Courses
- Economics 101, 102 and one course from Anthropology 152, Political Science 101, Psychology 101, or Sociology 151; †
- Management 100; Mathematics 131† and 136 (if exempted from Mathematics 131, student must take Mathematics 136); Theatre and Speech 109; one course from Management 310, English 300 or English 410;
- 31 hours from the College of Business including Accounting 201, 202, 335; Finance 302; Management 211†, 212, 311, 315, 440, 441; Marketing 313
Accounting Concentration
- 21 hours from the College of Business including: Accounting 300, 301, 302, 305, 307, 405, 408
- 12 hours: 6-9 hours chosen from Accounting 306, 401, 406, 407, 411, 412, 452; 3-6 hours chosen from 300 or 400 level Finance course Accounting 336; Economics 301, 429; Management 356
- 2.0 average in all Accounting courses.
- Electives to complete 120 hours.
- A minimum of 54 hours of the 120 total must be taken at the 300-400 level.
- Maximum of 69 hours total accepted in College of Business courses; i.e., at least 51 hours other than College of Business courses must be completed.
- At least 50 percent of the business credit hours required for the B.S. degree in Business Administration must be earned at UTC.
Additional requirements.
*Also satisfies requirement in
the major.
†Also satisfies general education
requirement.
2007 - Business Administration: Finance (B.S.)
- General Education (see for list of approved courses)
- Rhetoric and Composition: English 121, 122 (6 hours)
- Mathematics: Mathematics 131* (3 hours)
- Statistics: Management 211* (3 hours)
- Natural Sciences: Two approved natural science courses, at least one including a laboratory component (7-8 hours)
- Humanities and Fine Arts: 2 approved humanities and fine arts courses, one from fine arts and one from either (6 hours)
- Cultures and Civilizations: Option A: One approved Western Humanities course and one approved Non-Western Cultures and Civilizations course OR Option B: two approved World Civilization courses (6 hours)
- Behavioral and Social Sciences: One course from Economics 101 or 102 and one course from Anthropology 152, Political Science 101, Psychology 101, or Sociology 151* (6 hours)
Major and Related Courses
- Economics 101, 102 and one course from Anthropology 152, Political Science 101, Psychology 101, or Sociology 151; †
- Management 100; Mathematics 131† and 136 (if exempted from Mathematics 131, student must take Mathematics 136); Theatre and Speech 109; one course from Management 310, English 300 or English 410;
- 31 hours from the College of Business including: Accounting 201, 202, 335; Finance 302; Management 211†, 212, 311, 315, 440, 441; Marketing 313
Finance Concentration
- 18 hours including Finance 318, 320, 321, 412, 421, 423
- Accounting 312, 408
- 3 hours chosen from any 300 or 400 level Accounting or Finance course
- 6 hours chosen from any 300 or 400 level course in Accounting, Economics, Entrepreneurship, Finance, Management or Marketing
- 2.0 average in all Finance courses.
- Electives to complete 120 hours.
- A minimum of 54 hours of the 120 total must be taken at the 300-400 level.
- Maximum of 69 hours accepted in the College of Business courses; i.e., at least 51 hours other than College of Business courses must be completed.
- At least 50 percent of the business credit hours required for the B.S. degree in Business Administration must be earned at UTC.
Additional requirements.
*Also satisfies requirement in
the major.
†Also satisfies general education
requirement.
ACCOUNTING COURSES (BACC)
200 The Accounting Cycle (3)
This course develops an understanding of how accounting activities relate to management functions and how accounting information is used internally by managers and externally by various parties in their decision processes. Students develop an understanding of financial and managerial accounting for use in real-world situations. Fall and spring semesters.
201, 202 Principles of Accounting (3,3)
Basic financial and managerial accounting principles as applied to manufacturing, service and retail enterprises. Includes the study of generally accepted accounting. Every semester. Prerequisite: 201 with a grade of C or better is prerequisite to 202.
300 Intermediate Accounting I (3)
The theoretical foundations and structure of accounting as they relate to the presentation of financial statements. Emphasis will be on the framework underlying financial accounting and analysis of current assets. Every semester. Prerequisite: Accounting 202, junior standing.
