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Accounting. BYU-Idaho. What Can I Do With 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
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Accounting BYU-Idaho Accounting 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? BYU-Idaho Accounting Department • 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
The Public AccountingProfession (CPA Track) Following graduation, you will be qualified for employment with the following sample of firms: • 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. BYU-Idaho Accounting Department
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: BYU-Idaho Accounting Department
Sample ofGovernment Employers or for institutions like these: Federal Bureau of Investigation US General Accounting Office Defense Contract Auditors Internal Revenue Service State of Idaho Idaho State Tax Commission City of Boise BYU-Idaho Accounting Department
What Skills Should I Possess? • If you pursue a career in accounting, you should • become familiar with accounting terminology; • become proficient with the tools of the trade; • learn the concepts and principles that govern accounting and how to apply them; • develop advanced computer skills; • develop analytical and people skills; • possess written and oral communication skills; and • understand legal and ethical conduct within the accounting profession. BYU-Idaho Accounting Department
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. BYU-Idaho Accounting Department
What SalaryCan I Expect? Note: Add 5 to 10 % additional for one who attains their CPA. **Robert Half 2013 Salary Guide BYU-Idaho Accounting Department
What SalaryCan I Expect? **Robert Half 2013 Salary Guide BYU-Idaho Accounting Department
The Integrated Accounting Degree 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: BYU-Idaho Accounting Department
Accounting Major Course Requirements In order to graduate with a bachelor’s degree in accounting, you must complete each of the preceding courses with a C- or better. However, students need at least a B- in Accounting 201 and 202 to enroll in the 300 level accounting courses. BYU-Idaho Accounting Department
Minor or Clusters • AND, in addition to completing the Foundationand Major requirements, you are required to: • complete 1 APPROVED cluster of 12 credits, • Approved clusters for Accounting include: • Business Management • Economics and Finance • Programming • Project Lifecycle • LEAVING17Electivecredits BYU-Idaho Accounting Department
The Accounting Internship • You are required to registerfor Accounting 398R. • 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. BYU-Idaho Accounting Department
Accounting is Fun! BYU-Idaho Accounting Department