Thursday, January 28, 2010

New Accounting Major: 150-hour, CPA-track

Maranatha’s Department of Business faculty announced this month the addition of a 150-hour Accounting major that may lead a graduate to pursue the designation of Certified Public Accountant. This augments the Department’s current Accounting Management major which has led several on the path to become CPAs after completing additional education beyond its 128-hour program.

Expectations for growth in the accounting world exceed many other industries, which means that future accountants will have numerous job opportunities, especially if they hold a bachelor’s degree and their CPA designation.

Professors Ron Miller, CPA, MBA, and Corey Pfaffe, CPA, PhD, will lead the implementation of the 4½-year track, including the introduction of four new courses—required courses Advanced Accounting and Accounting Information Systems; elective courses Federal Income Tax II and Government & Not-for-Profit Accounting.

The new courses will first be offered during the 2010/11 through the 2012/13 school years. Fall 2010 freshman in the 150-hour program begin their studies right away in Financial Accounting. Current Maranatha juniors entering the Fall 2010 semester who are currently enrolled in the Accounting Management major will be able complete all 150-hour Accounting major requirements by the end of the Fall 2012 semester, if they so desire.

Both Mr. Miller and Dr. Pfaffe anticipate applying their considerable experience in private and public accounting to prepare the next generation of Christian financial leaders.

2 comments:

Unknown said...

Dr. Pfaffe,
Just to let you know. In Michigan, Auditing, Governmental/Non-profit accounting, and Accounting information systems are required classes for the CPA exam. Just something to remind the students to check their home state requirements. I wish I would have taken the classes needed even though I wasn't planning on taking the exam, because now I'm having to take them while working full time. Glad to see you added this program.
Auna Bearup

Corey Pfaffe said...

Thanks, Auna.
Yes, these classes are required in most states, perhaps not the governmental/NPO class. In addition, the new course we're offering in Advanced Accounting is standard in most Accounting Examining Board (title for Wisconsin's agency) statutes. Finally, regional accreditation is required.
Corey Pfaffe