accounting byu-idaho accounting department college of business and communication
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Accounting
BYU-IdahoAccounting Department
College of Business and Communication
What Can I DoWith An Accounting Degree?
• Audit Services• Tax Compliance and Consulting• Information Systems Management & Consulting• Management Advisory Services• General Corporate & Financial Accounting• Cost Accounting• Governmental Accounting• Forensic Accounting• Financial Consulting• Expert Witness and Litigation Support Services• Run your own business BYU-Idaho
Accounting Department
Who Can I Work For?
• Public Accounting Firms (Certified Public Accountant Track)
– Local, Regional, National, International
• Consulting Firms
• Business and Industry– Manufacturing, Retail, Service, Banking, Insurance, Health Care,
Natural Resources, Non-profit, etc.
• Government
• Self-Employed
• Education– College, High School
BYU-Idaho Accounting Department
The Public AccountingProfession (CPA Track)
• Big-4 Firms– PricewaterhouseCoopers– Deloitte– Ernst & Young– KPMG, LLP
• Regional Firms– Grant Thornton– BDO Seidman
• Local CPA Firms– Rudd & Company
• Private Practice – It is recommend that you have at least 6 – 7 years of professional experience with a CPA firm before attempting to begin your own practice! WHY? Lack of experience and reputation = no clients. No clients = No income. No income = bankruptcy. Bankruptcy = unhappy accountant. Unhappy accountant = Back to college for a degree in marketing. Be wise and plan your career.
Following graduation, you will be qualified for employment with the following sample of firms:
BYU-Idaho Accounting Department
Sample of Business and Industry Employers
If you decide not to pursue a career in public accounting, you can work in industry for companies like these:
BYU-Idaho Accounting Department
Sample ofGovernment Employers
• Federal Bureau of Investigation• US General Accounting Office• Defense Contract Auditors• Internal Revenue Service• State of Idaho• Idaho State Tax Commission• City of Boise
or for institutions like these:
BYU-Idaho Accounting Department
What Skills Should I Possess?
If you pursue a career in accounting, you should
1. become familiar with accounting terminology;
2. become proficient with the tools of the trade;
3. learn the concepts and principles that govern accounting and how to apply them;
4. develop advanced computer skills;
5. develop analytical and people skills;
6. possess written and oral communication skills; and
7. understand legal and ethical conduct within the accounting profession.
BYU-Idaho Accounting Department
How Do I Become aCertified Public Accountant?
If you want a long-term career in public accounting, you must become a licensed CPA. In order to become licensed, most states require 30 credits of advanced education beyond the bachelors degree, a minimum number of accounting credits, 1 – 2 years of qualifying experience, and a passing grade (75%) on the CPA Exam. If this is your career goal, you should plan on earning a Masters of Accountancy degree (MAcc) or your MBA from an accredited university.
BYU-Idaho Accounting Department
What SalaryCan I Expect?
Employer Jr. Level (0 - 3 yrs.) Sr. Level (4 - 6 yrs.)
Public Accounting (large firm) $50,000-$71,500 $68,500-$88,750
Public Accounting (medium firm) $44,000-$64,250 $62,000-$81,750
Public Accounting (small firm) $41,500-$58,000 $55,250-$71,500
Corporate Accounting (large co.) $38,500-$59,500 $58,250-$76,250
Corporate Accounting (medium co.) $36,500-$55,500 $52,750-$68,500
Corporate Accounting (small co.) $34,000-$50,500 $47,750-$61,250
Note: Add 5 to 10 % additional for one who attains their CPA.BYU-Idaho
Accounting Department
What SalaryCan I Expect?
Position Large Co. Small to Medium Co.
Chief Financial Officer $187,750-$395,500 $94,250-$182,250
Corporate Controller $125,000-$190,000 $81,750-$138,750
Tax Manager $97,750-$136,000 $77,000-$106,000
BYU-Idaho Accounting Department
The Integrated Accounting Degree
Foundations 40 Credits
Accounting Major 56 Credits
Minor OR 2 Clusters 24 Credits
Total 120 Credits
In order to graduate from BYU-Idaho with an accounting degree, you must fulfill the University’s Graduation Requirements which includes earning a minimum of 120 credit hours within specified areas of study shown below:
BYU-Idaho Accounting Department
Accounting Major Course Requirements
Required CoursesAccounting
Acct 201
Acct 202
Acct 301
Acct 302
Acct 321
Acct 333
Acct 344
Acct 356
Acct 398
Acct 402
Options (any 3)Acct 312
Acct 322
Acct 401
Acct 403
NOTE: Those planning on entering the CPA profession or planning on going to
graduate school are advised to take Acctg 312, 322, and 403 as options.
BusinessB 275B 401
OtherFDMath 221
Econ 150Econ 151
Electives--2 credits
In order to graduate with a bachelor’s degree in accounting, you must complete each of the preceding courses with a C- or better.
BYU-Idaho Accounting Department
Minor or ClustersAND, in addition to completing the Foundation and Major requirements, you are required to:
complete a Minor of your choosing consisting of 24-25 credits,
OR
complete two clusters of 12 credits each of your choosing within appropriate disciplines.
Typical minors or clusters for Accounting include:
Business Management
Computer Information Technology
Communication
Economics BYU-Idaho Accounting Department
The Accounting Internship
• You are required to register for Accounting 398.
• Your internship qualifies for 3 credits and consists of at least 270 hours of accounting-related work. Additionally, you will be requested to complete assignments during your internship. A grade will be given based on satisfactory completion of the internship and assignments.
• Generally, prior work-related experience will not satisfy the internship.
• The busiest time for accountants in business tends to be January – April. Accordingly, it is recommended, but not necessary, that your internship be completed during the Winter Semester of your junior or senior year. Accounting 301 and Accounting 321 are prerequisites.
BYU-Idaho Accounting Department
Accounting
is Fun!
BYU-Idaho Accounting Department
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