Major in Accounting (16 Courses)

The Accounting program is designed to enable the student to establish a basic professional competence that will encourage intelligent and effective employment in both profit and nonprofit institutions. The Accounting major is structured to provide students with the basic educational background to sit for various professional examinations. The undergraduate accounting program leading to the Bachelor’s degree continues to provide excellent preparation for careers in the corporate, governmental, and not-for-profit sectors as well as entrance into law school and graduate business school.

Certified Public Accountant (CPA) candidates should note that all states have adopted some version of what has come to be called the 150 hours rule. This rule requires 150 semester hours of university education as a condition either to take the Uniform C.P.A. Examination, or to become certified as a CPA In Massachusetts, the requirement to take the CPA exam is 120 semester hours of university education, and then 150 hours of education are required to obtain certification (the CPA license). While the requirement does not specifically call for a graduate degree, 30 additional semester hours (150 hours less the 120 hours required in our undergraduate Accounting program) does represent a full year of study after the Bachelor’s degree. Assumption has designed an Accelerated CPA Track M.B.A. program to enable our CPA candidate majors to begin their graduate studies during their senior year, satisfy the additional credit hour requirement, and receive both a B.A. and M.B.A. degree in five years instead of the six years these two degrees customarily require. Students planning to sit for the Uniform CPA Examination should consult with the Accounting faculty no later than fall of their junior year. This will allow the student to devise a strategy for meeting the educational requirements. Additional information about the Accelerated CPA Track M.B.A. program can be found in the catalog section titled Accelerated CPA Track M.B.A. Program below. Complete details of the Accelerated CPA Track M.B.A. program can be obtained from Prof. Michael Lewis, M.B.A. Director, and are explained in depth in the graduate school catalog.