Accounting Major

7761
Bachelor of Science
Classroom
No
Undergraduate
Main Campus - Melbourne
2018-2019 Florida Tech Catalog
Major Code: 7761 Degree Awarded: Bachelor of Science
Delivery Mode(s): Classroom Age Restriction: No
Admission Status: Undergraduate Location(s): Main Campus - Melbourne

The Bachelor of Science in Business Administration – Accounting prepares students for entry into a variety of fields in accountancy including corporate accounting, accounting information systems and governmental accounting, as well as graduate programs in accountancy, business and law. The accounting major equips students with basic and advanced accounting concepts, principles and procedures that prepare them for entry-level positions or pursuit of the additional educational requirements to become Certified Public Accountants.

Curriculum

Candidates for a Bachelor of Science in Business Administration – Accounting must complete the minimum course requirements as outlined in the following curriculum.

Freshman Year
Fall (16 credit hours)
  • BUS 1501 Foundations in Creativity, Innovation and Entrepreneurship 1
    Credit Hours: 3

    Exposes students to the skills, strategies and behaviors needed to launch and manage a new business venture. Introduces foundational concepts across multiple business disciplines (accounting, operations, marketing, manufacturing, management).

    Requirement(s):
    First in a two-course sequence
  • BUS 1801 Global Business Perspectives
    Credit Hours: 3

    Surveys the functions and operations of business organizations in a global marketplace. Studies the structure, operation, financing, relationships and responsibilities of firms in context of current legal, social, regulatory and environmental issues. Requires critical thinking, communication, research, and individual and group problem solving.

  • BUS 2303 Macroeconomics
    Credit Hours: 3

    Introduces the concepts that aid in understanding both aggregate economic conditions and the policy alternatives designed to stabilize national economies. Includes the determination of GDP and national income, inflation, unemployment, monetary policy, economic growth and exchange rates.

    Prerequisite:

    MTH 0111 or MTH 1011 or MTH 1012 or MTH 1000 or MTH 1001 or MTH 1002 or MTH 1010 or MTH 1020 or MTH 1051 or MTH 1603 or MTH 1701 or MTH 1702 or MTH 1703 or MTH 2001 or MTH 2051 or MTH 2201 or MTH 2202 or MTH 2332 or MTH 2401.

  • COM 1101 Composition and Rhetoric
    Credit Hours: 3

    The first of two courses in college-level writing skills. Focuses on writing essays using various rhetorical modes: persuasion, description, comparison and analysis. Presents basic methods of library research, as well as the MLA documentation system. Students write one research paper and several essays.

    Prerequisite:

    WRI 0100 or WRI 0110 

    Requirement(s):
    Passing grade on placement exam or prerequisite course
  • FYE 1000 University Experience
    Credit Hours: 1

    Assists new incoming students during their initial academic and social transitions to the university. Aims to promote student success by providing information about campus and academic resources, and encouraging participation in the classroom and in the campus community.

  • MTH 1701 College Algebra
    Credit Hours: 3

    Real-number system; arithmetic operations with polynomials, special products and factoring; linear, fractional and quadratic equations; inequalities, exponents, radicals and absolute values; functions and graphs; and complex numbers, logarithms, logarithmic and exponential functions. Credit can only be applied toward business, communication, humanities, management, psychology or computer information systems degrees at Florida Tech.

    Prerequisite:

    MTH 0111 or MTH 1011

    Requirement(s):
    Passing grade on placement exam or prerequisite course
Spring (15 credit hours)
  • BUS 1502 Foundations in Creativity, Innovation and Entrepreneurship 2
    Credit Hours: 3

    Applies the fundamental skills introduced in BUS 1501 Foundations in Creativity, Innovation and Entrepreneurship 1 through a simulation or actual business launch. Allows students to engage in all aspects of initiation, development, growth and management of the new venture. Requires teamwork and good decision-making that impacts business operations, marketing and finance.

    Prerequisite:

    BUS 1501 

    Requirement(s):
    Second in a two-course sequence
  • BUS 2304 Microeconomics
    Credit Hours: 3

    Introduces the neoclassical theory of price determination. Includes supply and demand analysis, production and cost theory, market structures, externalities and public goods, factor payments, income distribution and informational asymmetries.

    Prerequisite:

    MTH 0111 or MTH 1011 or MTH 1012 or MTH 1000 or MTH 1001 or MTH 1002 or MTH 1010 or MTH 1020 or MTH 1051 or MTH 1603 or MTH 1701 or MTH 1702 or MTH 1703 or MTH 2001 or MTH 2051 or MTH 2201 or MTH 2202 or MTH 2332 or MTH 2401.

  • COM 1102 Writing About Literature
    Credit Hours: 3

    The second of two courses in college-level writing skills. Focuses on reading and analyzing poems, plays and short works of fiction. Students write several essays and one research paper on literary topics.

    Prerequisite:

    COM 1001 or COM 1101 

  • MTH 1702 Applied Calculus
    Credit Hours: 3

    Elements of differential and integral calculus with application to business, economics, management and the social and life sciences, as well as maxima, minima, rates, exponential growth and decay, and some techniques of integration.

    Prerequisite:

    MTH 1000 or MTH 1701

  • Restricted Elective (PSY) Credit Hours: 3
Sophomore Year
Fall (15 credit hours)
  • BUS 2211 Introduction to Financial Accounting
    Credit Hours: 3

    Introduces the financial accounting environment, financial statements, the accounting cycle, and the theoretical framework of accounting measurement, emphasizing mechanics, measurement theory and the economic environment.

  • BUS 2601 Legal and Social Environments of Business
    Credit Hours: 3

    Investigates the operational responsibilities of business in light of political, moral, social, ethical and jurisprudential considerations.

  • BUS 3501 Management Principles
    Credit Hours: 3

    Helps students acquire management knowledge and develop management skills. Enables the student to understand management as it relates to both the employer and employee, and acquaints the student with the various schools of management and the philosophy of management.

  • Restricted Elective* (COM) Credit Hours: 3
  • Restricted Elective (Science) Credit Hours: 3
Spring (15 credit hours)
  • BUS 2212 Introduction to Managerial Accounting
    Credit Hours: 3

    Continues BUS 2211 Introduction to Financial Accounting, emphasizing concepts and issues associated with the accounting and management of businesses, with particular emphasis on understanding the role of accounting in product costing, costing for quality, cost-justifying investment decisions, and performance evaluation and control of human behavior.

    Prerequisite:

    BUS 2211 or EAC 2211 

  • BUS 2703 Business Statistics
    Credit Hours: 3

    Introduces methods of collection, analysis, and interpretation of data. Includes data presentation; measures of central tendency and dispersion; probability distributions; hypothesis testing; confidence interval estimation; analysis of variance; regression and correlation.

    Prerequisite:

    MTH 1000 or MTH 1001 or MTH 1010 or MTH 1701 

  • BUS 3504 Management Information Systems
    Credit Hours: 3

    Examines information systems used in business organizations. Includes discussions of system design, implementation and control of computer-based systems for managerial planning, decision-making and control of an enterprise.

  • BUS 3601 Marketing Principles
    Credit Hours: 3

    Examines the principles of marketing. Emphasizes the marketing concept, functions, consumer behavior, market segmentation, marketing strategy, marketing mixes, market research, marketing legislation and marketing control, as well as providing a foundation for higher-level courses in marketing.

  • Restricted Elective (Science) Credit Hours: 3
Junior Year
Fall (15 credit hours)
  • BUS 3211 Intermediate Accounting 1
    Credit Hours: 3

    Studies financial reporting concepts and generally accepted accounting principles including the accounting cycle, current assets and current liabilities, emphasizing analysis of financial events and financial reporting alternatives.

    Prerequisite:

    BUS 2212 

  • BUS 3401 Corporate Finance
    Credit Hours: 3

    Surveys the components of the three basic issues that embody the financial management of a firm: capital budgeting, capital structure and short-term finance and net working capital. Also examines corporate governance, ethics and international issues.

    Prerequisite:

    BUS 2212 or EAC 2212 

  • Restricted Elective (HUM/COM) Credit Hours: 3
  • Restricted Elective (BUS global emphasis) Credit Hours: 3
Select first HUM Core Course:
  • HUM 2051 Civilization 1: Ancient Through Medieval
    Credit Hours: 3

    Introduces civilization from its early development to the European Renaissance. Emphasizes the interpretation of primary texts that reflect the intellectual and historical changes in society. The first of two interdisciplinary courses.

    Prerequisite:

    COM 1102 

  • HUM 2141 World Art History 1: Pre-History to Early Global Awareness
    Credit Hours: 3

    Surveys world art history and methodology from pre-history to circa 1500. Emphasizes analyzing and understanding works of painting, sculpture, textiles and decorative arts in their respective historical and cultural contexts.

    Prerequisite:

    COM 1102 

  • HUM 2211 British Literature and Culture
    Credit Hours: 3

    Surveys British literature from early 900 A.D. to the early 17th century. Emphasizes the interpretation of texts that represent the development of a British literary tradition and culture from its origins to the Restoration.

    Prerequisite:

    COM 1102 

  • HUM 2212 British and American Literature 1
    Credit Hours: 3

    Surveys British and American literature of the late 18th to early 20th century, from the French Revolution to World War I. Emphasizes the interpretation of texts that reflect changing ideas about individual and national identities during revolutionary times.

    Prerequisite:

    COM 1102 

  • HUM 2331 American History: Pre-Columbian to Civil War Era
    Credit Hours: 3

    Surveys some of the basic problems in U.S. history through the Civil War era. Emphasizes origins, social characteristics and competing cultural values of the people that formed the American nation.

    Prerequisite:

    COM 1102 

  • HUM 2551 Survey of Ancient and Medieval Philosophy
    Credit Hours: 3

    Surveys key philosophical problems that occupied philosophers in the ancient and medieval periods. Emphasizes the analysis of theories by ancient and medieval philosophers on issues such as skepticism, universals, the existence of God, and free will in their historical context.

    Prerequisite:

    COM 1102 

Spring (15 credit hours)
  • BUS 3212 Intermediate Accounting 2
    Credit Hours: 3

    Continues the study of financial reporting concepts and generally accepted accounting principles including plant assets, intangible assets, long-term liabilities, leases and stockholders' equity, emphasizing analysis of financial events and financial reporting alternatives.

    Prerequisite:

    BUS 3211 

  • BUS 3213 Cost and Managerial Accounting
    Credit Hours: 3

    Preparation of accounting information for use in management as an aid to decision making. May include cost behavior and cost-volume-profit analysis, cost allocations, determining the cost of a product or service, inventory control, performance evaluation, profitability analysis and use of accounting information in decision making and capital budgeting.

    Prerequisite:

    BUS 2212 

  • BUS 3704 Quantitative Methods
    Credit Hours: 3

    Emphasizes management science and operations research techniques in solving managerial problems. Includes linear programming, sensitivity analysis, transportation and assignment problems, inventory models, CPM and PERT analysis, decision analysis and queuing analysis.

    Prerequisite:

    (BUS 2703 or EST 2703 or MTH 2401), and (MTH 1001 or MTH 1010 or MTH 1702)

  • Restricted Elective (HUM global emphasis) Credit Hours: 3
Select second HUM Core Course:
  • HUM 2052 Civilization 2: Renaissance Through Modern
    Credit Hours: 3

    Similar in purpose and method to HUM 2051, continues the interpretation of primary texts, emphasizing the Renaissance period, the Enlightenment, Romanticism and the Modern Age.

    Prerequisite:

    COM 1102 

  • HUM 2142 World Art History 2: Early Modern to Post-Colonial
    Credit Hours: 3

    Surveys world art history and methodology from circa 1500 to present day. Emphasizes analyzing and understanding works of painting, sculpture, photography, textiles, decorative arts, alternative art forms and new media in their respective historical and cultural contexts.

    Prerequisite:

    COM 1102 

  • HUM 2212 British and American Literature 1
    (may not be repeated for credit)
    Credit Hours: 3

    Surveys British and American literature of the late 18th to early 20th century, from the French Revolution to World War I. Emphasizes the interpretation of texts that reflect changing ideas about individual and national identities during revolutionary times.

    Prerequisite:

    COM 1102 

  • HUM 2213 British and American Literature 2
    Credit Hours: 3

    Surveys British and American literature in the 20th and 21st centuries, from World War I to the present. Emphasizes the interpretation of texts that represent the development of the modern world and modern selves.

    Prerequisite:

    COM 1102 

  • HUM 2332 American History: From Reconstruction to the Present
    Credit Hours: 3

    Examines the major ideas, ideals and events that have determined the American experience in the 19th and 20th centuries.

    Prerequisite:

    COM 1102 

  • HUM 2552 Survey of Modern and Contemporary Philosophy
    Credit Hours: 3

    Surveys key philosophical problems that occupied philosophers in the modern period and today. Emphasizes the analysis of theories by modern and contemporary philosophers on issues such as the nature of knowledge, facts versus values, personal identity, and consciousness in their historical context.

    Prerequisite:

    COM 1102 

Senior Year
Fall (15 credit hours)
  • BUS 4211 Internal Audit
    Credit Hours: 3

    Examines the professional responsibility of auditors; professional auditing standards and ethical responsibilities; audit programs, procedures and evaluation of evidence; review and evaluation of internal controls and risks; and effective audit communication.

    Prerequisite:

    BUS 3211 

  • BUS 4501 Production/Operations Management
    Credit Hours: 3

    Introduces current theory and practice in production and operations management. Includes forecasting, quality, product/service design, work methods, facility layout and location, scheduling, inventory and project management.

    Prerequisite:

    BUS 3704 or EBA 3334 

  • BUS 4502 Organizational Behavior and Theory
    Credit Hours: 3

    Overviews classical and contemporary approaches to organizational behavior and theory. Focus progresses from the micro (individual behavior) to macro (organizational processes, effectiveness and change). Special attention is given to group behavior.

    Prerequisite:

    BUS 3501 

  • BUS 4783 Practicum Planning
    Credit Hours: 0

    Allows the student real-world business experience that complements the varied academic disciplines covered in the business curriculum. The planning process must be taken in the second to last semester before graduation.

  • BUS 4788 Business Plan Research
    (Q)
    Credit Hours: 3

    Introduces research methods used to create viable business ventures. Begins with innovation and creativity, and proceeds to critical thinking through learned tools including marketing, operational, financial, organizational and strategic analyses. Culminates in a fully developed business plan.

  • Restricted Elective (COM/HUM) Credit Hours: 3
Spring (15 credit hours)
  • BUS 4222 Tax Management and Strategy
    Credit Hours: 3

    Covers tax planning considerations and strategies related to domestic and international for-profit organizations. Includes tax and capital structure and organizational forms and how they affect tax liability. Teaches how taxes affect decision-making, asset prices, equilibrium returns and the financial and operational structure of firms.

    Prerequisite:

    BUS 2212 

  • BUS 4284 Accounting Practicum
    Credit Hours: 3

    Real-world business experience that complements the varied academic disciplines covered in the accounting curriculum. Minimum requirements include written and oral presentations, weekly summary reports and 150 hours working at a host employer's location.

    Prerequisite:

    BUS 4783 

  • BUS 4701 International Business
    Credit Hours: 3

    Introduces the environmental factors confronting managers in international operations: cultural, economic, legal, political and institutional determinants. Examines problems associated with managing organizational, financial, marketing and production policies in a global marketplace.

  • BUS 4702 Business Strategy and Policy
    Credit Hours: 3

    Reviews basic concepts and techniques used in formulating competitive strategy at the corporate, business and functional levels. Introduces business models to provide a learning experience in quantitative aspects of strategy formulation in a competitive environment.

    Requirement(s):
    Must be taken in the final semester before graduation
  • Free Elective Credit Hours: 3
Restricted Electives: Global Emphasis
Business
  • BUS 3801 Cross-Cultural Management
    Credit Hours: 3

    Examines the importance of effectively managing soft skills in a global organizational context. Specifically emphasizes the impact of national culture in shaping values, behaviors and employment practices in organizations operating within a global environment.

    Prerequisite:

    BUS 3501 

  • BUS 3802 Global Macroeconomic Issues
    Credit Hours: 3

    Explores the macroeconomic interdependence of global economics. Examines the working of monetary and fiscal policies under various exchange-rate regimes and uses international case studies to assess the policy trilemma, the trade-off among exchange rate stability, price stability and independent monetary policy.

    Prerequisite:

    BUS 2303 and BUS 2304 

  • BUS 3805 Emerging Markets Strategies
    Credit Hours: 3

    Examines the characteristics and issues special to emerging markets. Includes financial globalization and development, exchange rate volatility and financial crises and institutional voids. Focuses on strategy for successful multinational enterprise (MNE) operations. Also examines issues in corporate governance and business ethics.

    Prerequisite:

    BUS 2303 and BUS 2304 

  • BUS 4219 Globalization and Corporate Social Responsibility
    Credit Hours: 3

    Examines globalization as it relates to corporate social responsibility (CSR). Analyzes policies and standards, and gives guidance on developing compliance programs and managing relations with key stakeholders. Reviews trends in corporate citizenship, social enterprise and philanthropy. Offers innovative strategies for ethical leadership.

  • BUS 4516 Global Strategic Management of Technology
    Credit Hours: 3

    Emphasizes technology, strategy and global competitive advantage. Develops the practical tools of strategy, planning and implementation at business and corporate levels. Investigates the strategies of technology-intensive international companies. Requires student teams to develop a five-year strategic plan for a global company or business unit.

    Prerequisite:

    BUS 3511 

  • BUS 4686 International Marketing
    Credit Hours: 3

    Addresses the importance of gathering, analyzing, disseminating and responding to international sources of marketing intelligence. Students learn to analyze environmental forces, make marketing mix decisions, and plan and implement international market entry strategies.

    Prerequisite:

    BUS 3601 

  • BUS 4801 International Trade
    Credit Hours: 3

    Investigates why nations trade, what they trade and how they benefit from exchange. Includes topics on classical, neoclassical, modern and post-modern theories of trade; commercial policy instruments and their welfare effects; economic integration; international factor movements; and trade development.

    Prerequisite:

    BUS 3805 

  • BUS 4802 Global Accounting and Tax
    Credit Hours: 3

    Integrates the functional areas of accounting with business administration in a global decision-making framework. Provides business managers with an understanding of the numerous differences that exist between countries and the problems multinational companies face in interpreting international accounting information.

    Prerequisite:

    BUS 2211 and BUS 2212 

  • BUS 4803 Global Financial Management
    Credit Hours: 3

    Extends the principles of finance to an international context. Emphasizes currency fluctuation, measuring and hedging exchange rate risk, comparative capital structure, multinational investment, international capital budgeting and taxes.

    Prerequisite:

    BUS 3401 

  • BUS 4804 Business in the Western Hemisphere
    Credit Hours: 3

    Introduces the business environment and practices of Western Hemisphere countries. Includes both theoretical and practical experience with environmental factors confronting managers in international operations. Also includes research and study of the history and economic development of major economies of the Western Hemisphere.

    Prerequisite:

    BUS 3801, BUS 3802 

Humanities
  • HUM 2085 Critical Approaches to Humanities and Social Sciences
    Credit Hours: 3

    Examines issues in the humanities and the social sciences. Improves students' critical thinking and writing abilities. Topics announced before registration.

    Prerequisite:

    COM 1101 

  • HUM 2140 World Architecture
    Credit Hours: 3

    Surveys some of the most significant architectural works from pre-history to the present from an ethnically and socially diverse perspective. Includes design, construction methods, effects of technology, purpose and function, as well as basic methods of analysis and interpretation.

    Prerequisite:

    COM 1101 

  • HUM 2141 World Art History 1: Pre-History to Early Global Awareness
    Credit Hours: 3

    Surveys world art history and methodology from pre-history to circa 1500. Emphasizes analyzing and understanding works of painting, sculpture, textiles and decorative arts in their respective historical and cultural contexts.

    Prerequisite:

    COM 1102 

  • HUM 2142 World Art History 2: Early Modern to Post-Colonial
    Credit Hours: 3

    Surveys world art history and methodology from circa 1500 to present day. Emphasizes analyzing and understanding works of painting, sculpture, photography, textiles, decorative arts, alternative art forms and new media in their respective historical and cultural contexts.

    Prerequisite:

    COM 1102 

  • HUM 2385 Special Topics in World History
    Credit Hours: 3

    Examines cultural, geographical and philosophical issues in world history. Topics announced before registration.

    Prerequisite:

    COM 1102 

  • HUM 2552 Survey of Modern and Contemporary Philosophy
    Credit Hours: 3

    Surveys key philosophical problems that occupied philosophers in the modern period and today. Emphasizes the analysis of theories by modern and contemporary philosophers on issues such as the nature of knowledge, facts versus values, personal identity, and consciousness in their historical context.

    Prerequisite:

    COM 1102 

  • HUM 3027 History and Culture of China
    Credit Hours: 3

    Surveys the principal themes and developments in Chinese civilization from prehistoric times to the 21st century. Introduces China's culture, history and geography.

    Prerequisite:

    HUM 2051, and (HUM 2052 or HUM 2142 or HUM 2212 or HUM 2212 or HUM 2331 or HUM 2332 or HUM 3333)

  • HUM 3085 Special Topics in Humanities
    Credit Hours: 3

    Offers interdisciplinary study of a particular period, movement, genre or individual that embraces more than a single humanistic discipline. Topics announced before registration.

    Prerequisite:

    HUM 2051 

  • HUM 3285 Special Topics in Literature
    Credit Hours: 3

    Studies a particular author, a group of authors, a historical literary movement or a literary theme or genre. Topics announced before registration.

    Prerequisite:

    HUM 2051 

  • HUM 3351 History of Science and Technology: Ancient and Medieval
    Credit Hours: 3

    Surveys the origins of science in antiquity and the Middle Ages. Includes development of mathematical, physical and biological thought in the ancient and medieval period, and the relationship between science, technology and religion.

    Prerequisite:

    HUM 2051 

  • HUM 3352 History of Science and Technology: Renaissance to Present
    Credit Hours: 3

    Surveys the principal developments in science, mathematics and technology from the Renaissance to the present. Includes scientific revolution, development of modern biology and the relationship between technology and science.

    Prerequisite:

    HUM 2051 

  • HUM 3385 Special Topics in History
    Credit Hours: 3

    Offers an opportunity for in-depth analysis of a historical problem or event. Includes a wide range of possibilities. Topics announced before registration.

    Prerequisite:

    HUM 2051 

  • HUM 3485 Special Topics in Social Science
    Credit Hours: 3

    Studies a particular social group or institution, social process or social change. Topics announced before registration.

    Prerequisite:

    HUM 2051 

  • HUM 3521 World Religions
    Credit Hours: 3

    Introduces religion and examines the philosophy of religion. Religion is seen as humanity's attempt to grapple with the question of the meaning of life, the forms that religious perspectives have taken and the universal aspects of human existence.

    Prerequisite:

    HUM 2051 

Total Credits Required: 121

*Restricted Elective (COM) can be COM 2224 Business and Professional Writing, COM 2225 Writing for the Media or COM 2425 Introduction to Communication.