2010-2011 University Catalog 
  
2010-2011 University Catalog

Accounting, BS


Banner Code:  BU-BS-ACCT

Associate Dean for Undergraduate Programs
Phone: 703-993-1880
Web: som.gmu.edu

The BS in accounting (ACCT) prepares students for professional careers in the private and public sectors. Students learn how to evaluate fundamental value propositions for various types of organizations and transactions and convert financial and economic information from these organizations and transactions into information that is useful for making decisions. Students also learn how to design and test information systems that provide reliable and relevant information for planning and control. Furthermore, students learn how to identify value-creating opportunities and choose from among competing operating, investing, financing, and disclosure alternatives to maximize firm or organizational value.

The program emphasizes, but is not limited to, the accounting profession and its role in business and government including professional responsibilities and ethics. The program stresses conceptual understanding, technical competencies, analytic abilities, communication skills, and computer literacy. The accounting degree program is separately accredited by AACSB International.

Entering the School of Management


A student interested in pursuing a major in the School of Management (SOM) must apply for acceptance to Bachelor of Science (BS) degree status in SOM. Upon admission to the University, the student’s degree status is classified as BPRE (bachelor-pre). The student then completes the application procedure described below.

Application Procedure


Students must meet the SOM acceptance requirements in effect at the time of application to degree status in the school.

Acceptance is selective, based on completion of the following as of the 2010-11 academic year: 

  1. At least 48 credits, with a minimum of 9 credits at Mason
  2. A GPA of 2.50 or higher at the end of the semester of application for acceptance for all courses attempted and from all schools and universities attended
  3. A minimum Mason cumulative and semester GPA of 2.00 at the end of the semester of application
  4. Successful completion of the following courses with a grade of C or better:

Deadlines for Application to BS Degree Status


Applications should be submitted during the semester in which the student will complete acceptance requirements. 
 

  • November 1 for the following spring semester; 
  • April 1 for the following summer term; and 
  • July 1 for the following fall semester.

For more information about the application process, contact the Office of Academic and Career Services, 703-993-1880, or visit som.gmu.edu.

Academic Advising


Academic planning for undergraduate students is available in the SOM Office of Academic and Career Services, Enterprise Hall, Room 008. Students are encouraged to consult with an advisor regularly. Any student who wishes to change to a major in SOM must consult a SOM academic advisor for degree requirements. For more information about walk-in advising hours or scheduling an appointment, call 703-993-1880, or go to som.gmu.edu.

BU-BS Degree Requirements


SOM students pursuing a BS degree must complete a minimum of 120 credits, including the University General Education  requirements, SOM general education, SOM core courses, and major requirements.  In addition, the following requirements must be met:
 

  • A minimum of 45 credits at the 300- or 400-level. 
  • A minimum of 30 credits of SOM core and major courses at Mason. 
  • At least 9 credits required for the specific major and SOM 498 taken at Mason. 
  • A grade of C or higher earned in the SOM core and major requirements.

Students should carefully examine prerequisites for SOM courses. Students may be removed from a course if they enroll without having fulfilled the prerequisites.

General Education Requirements


SOM students must complete the University General Education  requirements, plus 1 additional credit of natural science (the SOM natural science requirement must be fulfilled by completing two 4-credit laboratory sciences).

SOM General Education


SOM Core Courses


A grade of C or higher is required in each of the School of Management core courses listed below.  Students will not be permitted to make more than three attempts to achieve a C or higher in the following School of Management core courses: ACCT 301, BULE 302, FNAN 301, MGMT 301, MIS 301, MKTG 301, OM 301 and SOM 301.  Those who do not successfully complete these core courses within three attempts will be terminated from their major and will not be eligible to receive a degree from the School of Management.  For more information about this, see the “Termination from the Major” section under Academic Policies .

General Electives


20 credits of general electives are needed to complete the 120 credit hours required for the BU-BS degree. General electives may be selected from any University or SOM course, except courses designated for the Business minor (MSOM).

Major Requirements in Accounting


Required Courses


Note: Completion of ACCT 301 with a grade of B- or higher is required for ACCT 311, 331 and 361.

Electives


The following courses are available if students wish to take more than the 18 required accounting credits.  Materials are available in the Office of Academic and Career Services to provide guidance regarding recommended electives. Students who anticipate taking the CPA, CMA, CIA, or other professional exam should consult the applicable regulations and meet with their advisor. State regulations regarding professional examinations may dictate course selections.

Honors in Accounting


Accounting majors with an A or better in ACCT 301 are eligible for the Accounting Honors Program.  To graduate with honors in accounting, a student must actively participate in the accounting honor program events, receive a B or better in ACCT 462 and maintain a minimum GPA of 3.50 in all accounting courses above ACCT 301, earning no grade below a B-.