Choose any 12 hours from the Accounting Major.
This major will prepare you for middle- to upper-level Accounting positions, as well as for the CPA exam.
You will need to complete 150 hours in order to sit for the West Virginia CPA exam. The additional 30 hours do not necessarily have to be business/accounting courses, but this is recommended to better prepare you for the exam.
You must also take the following courses to satisfy the West Virginia CPA requirements:
- BUSN 302 – Business Law for Professional Accountants
- ACCT 430 – Advanced Accounting
- ACCT 350 – Advanced Taxation
- ACCT 431 – Auditing Principles
This course is a continuation of BUSN 301 - Business Law and the Legal Environment. It provides an in-depth study of business law subjects encountered by the professional accountant. Topics covered include commercial transactions under the UCC, real and personal property, contracts, government regulation, estates and trusts, and business organizations. The purpose of the course is to provide students with the business law background to enable them to use good judgment in the practice of their profession and to understand and exercise sound professional judgment in their careers. PR: BUSN 301. Spring.
Financial reporting for business enterprises under GAAP. A review of the theoretical foundations of financial concepts and reporting, and their practical application to accounting procedures. Emphasis is on income and expense measurement, asset and liability measurement, and accounting for owners’ equity. PR: ACCT 202. Fall.
A continuation of ACCT 301. Emphasis is on financial statements disclosure requirements under GAAP. A review of reporting requirements for long-term liabilities, stockholders’ equity, revenue measurement, earning per share, leases, pensions, cash flows, and other contemporary accounting issues. PR: ACCT 301. Spring.
Principles underlying determination of cost and control of certain business activities. Manufacturing accounting is emphasized. PR: ACCT 305. Spring.
This course provides a summary of income taxes at the federal and state level as they affect business and personal investment decision making. Emphasis is on income tax concepts and their effect on decision-making, not form preparation. Topics covered include: types of taxes at various governmental jurisdictional levels; tax policy issues; fundamentals of tax planning; measuring taxable income; property acquisitions, cost recovery, and dispositions; non-taxable exchanges; taxes and the choice of a business entity; proprietorship taxation; partnership and Sub S taxation; corporate taxation; compensation and retirement planning; investment and personal financial planning; tax consequences of personal activities, and simple personal tax preparation. PR: ACCT 202; ECON 212.
A study of the analysis, design, and control aspects of accounting systems. Topics include testing and reviewing accounting systems, identifying information requirements, and cost/benefit analysis. PR: ACCT 302. Spring.
Accounting principles and practices as applied to problems connected with partnerships, consolidations, fiduciary relationships, interim reporting, SEC reporting, segment reporting, and foreign currency transactions. PR: ACCT 302. Fall.
Emphasis on various kinds of auditing techniques. Attention is also given to auditors’ duties and responsibilities, reporting requirements, and ethics. PR: ACCT 302. Fall.