Begin Date: Summer Session 1995
End Date: Spring Semester 1999
PROFESSOR CHARLES H. SMITH, in charge
This major is designed to provide a global perspective for careers in public, industrial, or governmental accounting and an appropriate background for students planning to enter law school or graduate school. Because of the increased importance of international trade and the abundance of multinational companies, international accounting topics (such as transfer pricing and foreign currency translation) are integrated into most of the courses. All three accounting areas offer opportunities for foreign service.
Certified public accountants (CPAs) conduct independent audits and render accounting, tax, and management advisory services to their clients. The credit requirements to take the CPA examination in Pennsylvania and many other states are automatically met by completing the prescribed curriculum (exceptions include New Jersey, New York, Ohio, and Texas). For more detailed information, see brochures in the department office.
Industrial accountants are in charge of designing and supervising the financial and managerial accounting system for firms, including preparing and analyzing reports. Many are now taking the Certified Management Accountant (CMA) exam. It is a two-day exam covering economics, finance, management, decision analysis, information systems and accounting. Governmental accountants occupy positions in federal, state, and local government and perform services similar to those of public or industrial accountants.
For the B.S. degree in Accounting and International Business, a minimum of 145 credits is required.
Scheduling Recommendation by Semester Standing given like (Sem:1-2)
GENERAL EDUCATION: 46 credits
(12 of these 46 credits are included in the REQUIREMENTS FOR THE MAJOR)
(See description of General Education in front of Bulletin.)
ELECTIVES: 5-17 credits
REQUIREMENTS FOR THE MAJOR: 94-106 credits
(This includes 12 credits of General Education courses: 3 credits of GWS courses; 3 credits of GS courses; and 6 credits of GQ courses.)
PRESCRIBED COURSES (60 credits)
ACCTG 211(4), B A 243(4), CMPSC 203 GQ(4), ECON 002 GS(3), 004 GS(3), M I S 204(2), MS&IS 200(4) (Sem: 1-4)
B A 301(3), 302(3), 303(3), 304(3), ENGL 202D GWS(3) (Sem: 5-6)
ACCTG 306(4), 311(3), 403W(4), 404(4), 471(3), 472(3) (Sem: 5-8)
ADDITIONAL COURSES (4 credits)
MATH 110 GQ(4) or 140 GQ(4) (Sem: 1-2)
SUPPORTING COURSES AND RELATED AREAS (30-42 credits)
(Students may apply 6 credits of ROTC.)
Select 15 credits of business and related non-business courses in an approved Education Abroad Program in consultation with adviser (Sem: 5-6)
Attainment of third-level proficiency in a single foreign language (0-12). Proficiency must be demonstrated by either examination or course work. See the admission section of the general information in this bulletin for the placement policy for Penn State foreign language courses. (Sem: 1-4)
Select 15 credits of international business-related courses in consultation with adviser (Sem: 5-10)
 A student enrolled in this major must receive a grade of C or better, as specified in Senate Policy 82-44.
The Pennsylvania State University ©1998
The University reserves the right to change the requirements and regulations listed here and to determine whether a student has satisfactorily met its requirements for admission or graduation, and to reject any applicant for any reason the University determines to be material to the applicant's qualifications to pursue higher education. Nothing in this material should be considered a guarantee that completion of a program and graduation from the University will result in employment.
Last Revised by the Department: Summer Semester 1995
Blue Sheet Item #: 23-04-012
Review Date: 6/3/99 (General Education Update)