Accounting BYU-Idaho Accounting Department College of Business and Communication

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:


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:


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:


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.


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.


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


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:


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.


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.


Accounting

is Fun!


Documents

Accounting BYU-Idaho Accounting Department College of Business and Communication