Southeast Missouri State University

Program Recommendations

Accounting faculty at Southeast Missouri State University recommend any one of three options to students preparing for the CPA examination, including:

  1. Undergraduate Accounting Major and MBA with Accountancy Option
  2. Undergraduate Accounting Major, an AC internship, a Minor in IS or Finance and selected graduate AC coursework

Each of these is described in detail below.

Option 1. B.S. in Business (Accounting Major)
Plus Master’s in Business Administration with Accountancy Concentration*

Table 2 shows one option for CPA preparation at Southeast which consists of a B.S. in Business (Accounting Major) and an MBA with an Accountancy Concentration. In this option, the student obtains the traditional 124 hour undergraduate degree in Business (Major in Accounting) and then applies for admission to the SEMO MBA with Accountancy Concentration. Admittance to the MBA program is based on a combination of Graduate Management Admission Test (GMAT) scores and undergraduate grade point average (view a complete listing of the MBA Admission Requirements). Outstanding applicants are encouraged to apply for graduate assistantship positions which significantly defray the cost of graduate school. Coursework in the SEMO MBA with Accountancy Concentration program consists of:

Table 2. Coursework for B.S. in Business (Accounting Major)
Plus Master’s in Business Administration with Accountancy Concentration#
Degree Course Titles Related to Degree Semester Hours

B.S. in Business (Accountancy)

 

Various, see Undergraduate Catalog

 

124

Masters’ of Business Administration

MBA business non-accounting discipline coursework

Management Communication and Leadership(BA600), Quantitative and Qualitative Research Methods(BA620),Integrated Decision Information Systems(BA630), Strategic Decision Making(BA650), Strategic Marketing(BA651), The Financial Environment(BA668), Applied Research Project(BA657)

21

MBA Accounting (required coursework)

One 600 level AC course (AC637, AC647 or AC650)

3

MBA Accounting (elective, choose 1 class)

Financial Acct and Reporting III (AC534), International Accounting (AC540), Advanced Auditing and Assurance Services (AC537), Taxation of Business Entities (AC545), Government and Not-for-Profit Acct (AC548), or Regulation and Professional Ethics (AC573)

3

 

 

Total Hours, graduating with B.S. in Business with Major in Accountancy (124 hours) and MBA with Accounting Concentration (27-33 hours)#

151

# Coursework shown assumes students applies for and enters the “Accelerated Master Program.” This program allows certain undergraduates to take two 500 level classes (6 hours) in their senior year that count for both an undergraduate and graduate credit. Program admission requires a minimum GPA of 3.25, two letters of recommendation, and a formal application.

Option 2. B.S. in Business (Accounting Major), Minor in Finance or Information Systems, and additional AC classes or internship

Many accountants become deeply involved in financial aspects of business operations and information technology, particularly when auditing large corporations. Thus, an accounting degree with a Minor in Finance or Information Systems is a solid combination.

Table 3 shows a second option for CPA preparation at Southeast which consists of a B.S. in Business (Accounting Major), an Accounting internship, and a Minor in Management Information Systems. In this option, the student obtains the traditional 124 hour undergraduate degree in Business (Major in Accounting). During or after this course of study the student also engages in two other initiatives, including 15 hours of coursework toward a Finance Minor and a Summer or Spring semester Accounting internship experience for credit. Thus, the combination of Accounting major, MIS minor, limited graduate coursework, and additional experiential learning satisfies the 150 hour Missouri requirement to sit for CPA as follows:

Table 3. Coursework for B.S. in Business (Accounting Major)
Plus an Internship and Minor in Finance or Information Systems
Degree/Additional Coursework Course Titles Related to Degree Semester Hours

B.S. in Business (Accountancy)

 

Various, see Undergraduate Catalog

 

124

IS or Finance
(15 required courses)

See Finance* / Information Systems# minor coursework

12-15

Additional AC coursework or internship

Additional Accounting coursework or internship^

3 to 12

 

Total Hours, graduating with B.S. in Business with Major in Accountancy (124 hours) and Minor in Management Information Systems (12 hours)

~151

* Minor coursework in Finance should be evaluated and discussed with Finance and Economics Department. At present, a Finance Minor has three required courses--FI 361(Financial Management), FI364 (Modern Financial Institutions), and FI368 (Investments)--and two elective courses (AC375 or any 300 to 500 level FI course not otherwise included in the AC undergraduate core curriculum).

# Minor coursework in Information Systems (15 Credit hours) should be evaluated and discussed with Computer Science Department. At present, an Information Systems Minor requires IS 175 (or MI 375), two lower-level elective courses selected from IS 130 (Application Development I, IS245 (Web Development and Security), and IS275 (Information Systems II); and two upper-level elective courses selected from: IS320 (Human Computer Interaction, IS330 (Application Development II), IS340 (Information Technology), IS375 (Database and Information Systems), IS440 (Web Design for Electronic Commerce), IS445 (Systems Analysis and Design), IS448 (IS/IT Project Management) , and IS575 (IS/IT Strategy and Management).

^ Internships can count for up to 15 credit hours depending on the number of hours of supervised contact hours which the student works. Up to 12 hours of accounting internship will count toward the educational requirements to sit for the CPA exam in Missouri. While internship course credit can account for up to 15 class hours, only 3 credit hours can count toward an Accounting degree.

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