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University of Tennessee, Knoxville    
 
    
 
  Nov 22, 2017
 
2017-2018 Undergraduate Catalog

Accounting Major, BS in Business Administration – Collateral Option


The University of Tennessee has one of the leading accounting programs in the nation. The program emphasizes the conceptual and applied understanding of business information and prepares students for careers in accounting and business.

The faculty strongly encourages students who desire to become professional accountants, such as Certified Public Accountants (CPAs), to continue their formal education in UT's full-time, eleven-month Master of Accountancy (MAcc) program, which is described in the University's Graduate Catalog. 

The primary objective of the 30 semester-hour MAcc program, which typically includes 24 graduate-level semester hours of accounting and 6 hours of business, is to prepare students for careers as professional accountants. MAcc students select a specialty area in (1) audit/controls or (2) information management or (3) taxation. 

Taken together, the BS and MAcc programs provide graduates not only with two academic degrees, but also with the educational requirements to sit for the CPA and/or CISA exam as well as the academic preparation to begin successful careers as professional accountants. Most states, including Tennessee, require 150 semester hours of education to sit for the CPA exam. At UT, students may earn 120 semester hours in the undergraduate program and then 30 hours in the MAcc program, for a total of 150 semester hours. The accounting faculty strongly encourages MAcc students to take the CPA and CISA exams as soon as they qualify.

The UT undergraduate accounting program offers its majors an opportunity to participate in two full-time, highly-structured internship programs. The faculty strongly encourages accounting majors to participate in one or both programs. The first internship program (summer program) emphasizes internships in industry. The industry internship occurs during the summer between the student's third and fourth year. The second internship program (spring program) emphasizes internships with public accounting firms. Public accounting internships occur during the spring of the student's fourth year and are designed for those students who intend to enroll in UT's MAcc program. Both internship experiences are full-time and offer relevant work assignments and significant compensation.

The undergraduate accounting curriculum prepares students for entry into the MAcc program. If taken alone without the MAcc program, the four-year undergraduate curriculum helps prepare students for business careers in which accounting knowledge is particularly important, such as internal auditing.

The undergraduate accounting curriculum introduces students to the major functional areas of accounting (financial, managerial, etc.). The curriculum also requires students to choose a three-course collateral area in one of five areas that closely complement a career in accounting – business analytics, finance, information management, international business, or supply chain management. 

The UT accounting program has separate accounting accreditation from AACSB International and is one of the first accounting programs to have earned this designation. As an accredited program, the UT accounting program continuously meets or exceeds a rigorous set of international accreditation standards and is peer reviewed on a regular basis.

Accounting Major Progression Requirements

Students must earn the minimum B– grade in ACCT 301  to have access to higher-level accounting courses and continue in the major. Students not earning the required B– will have one additional attempt to continue in the major. The nature of the additional attempt will depend on the original grade earned in ACCT 301 . Two situations exist:

  1. Students earning a C– or less will be allowed to retake ACCT 301  one time to attempt earning the B– required to continue in the accounting major. Any student in this situation who does not attain the required B– on the second attempt may not take ACCT 301  a third time for purposes of continuing in the accounting major and may not take the comprehensive exam discussed in item 2.
  2. Students earning a C or C+ on their first attempt in ACCT 301  can only meet the progression requirement by demonstrating competency through a one-time opportunity to take a comprehensive ACCT 301  exam. A score of B– or better (78) on this exam will allow a student to continue in the accounting major. The exam grade, however, will not change the ACCT 301  grade on the student's academic record. The exam will be offered and must be taken within 30 days of completing ACCT 301 . An exam fee will be assessed to cover the cost of administering and scoring the exam.

uTrack Requirements (for students entering Fall 2013 or later)

Universal Tracking (uTrack) is an academic monitoring system designed to help students stay on track for timely graduation. In order to remain on track, students must complete the minimum requirements for each tracking semester, known as milestones. Milestones include successful completion of specified courses and/or attainment of a minimum GPA. uTrack requirements only affect full-time, degree-seeking students who first entered Fall 2013 or later. uTrack does not apply to transfer students who enter prior to Fall 2015.

Requirements for the Bachelor of Science in Business Administration – Accounting Major – Collateral Option


Term 1 Hours Milestone Notes
1,2ENGL 101 * or ENGL 118 * 3 2.5 cumulative GPA
3Intermediate Foreign Language * 3  
4MATH 123 *, MATH 141 *, or MATH 147 * 3-4  
3Natural Sciences Electives * 3-4  
CMST 210 *, CMST 217 *, CMST 240 *, or CMST 247  3  
BUAD 100   1  
Term 2
1,2ENGL 102 * 3 2.5 cumulative GPA
3Intermediate Foreign Language * 3  
4MATH 125 *, MATH 142 * or MATH 148 * 3-4  
3Natural Sciences Electives * 3-4  
ECON 211 * or ECON 217 * 3  
Term 3
7ACCT 200  or ACCT 207   3 ACCT 200  
3Arts and Humanities Elective * 3 MATH 125 * or MATH 141 *
ECON 213 * or ECON 218 * 3  
ENGL 255 *, ENGL 257 *, or ENGL 295  3  
5Unrestricted Elective 3  
Term 4
3Arts and Humanities Elective * 3 2.5 Cumulative GPA and completion of following courses with C or better: MATH 123 *-MATH 125 * or MATH 141 *-MATH 142 *; CMST 210 * or CMST 240 *; ENGL 255 * or ENGL 295 *; ACCT 200 ; ECON 211 *; ECON 213 *; STAT 201 * or STAT 207 *; MGT 201  
BUAD 242   2  
7MGT 201   3  
7STAT 201 * or STAT 207  3  
5Unrestricted Elective 3  
8BUAD 200   1  
Term 5
ACCT 301   3 BUAD 242  
7BUAD 331 , 7BUAD 332   4  
BUAD 341 , BUAD 342   4  
INMT 341   3  
8BUAD 300   1  
Term 6
ACCT 311   3 2.5 cumulative GPA
Collateral 3 ACCT 301  with grade of B– or better
FINC 301   3  
5Unrestricted Elective 2  
ACCT 431   3  
Term 7
ACCT 411   3 ACCT 311  
Collateral 3 INMT 341  
BUAD 205  or ECON 305  or MGT 311  or PHIL 244 * or PHIL 252  3  
BULW 301   2  
7BUAD 453   4  
Term 8
ACCT 321   3 No milestones
Collateral 3  
8BUAD 405   1  
5,6Unrestricted Electives 8  
TOTAL 120  

Accounting Collateral Options

BUSINESS ANALYTICS – BAS 320 , BAS 474 , INMT 342 .
FINANCE – FINC 420 , FINC 425 , FINC 450 .
INFORMATION MANAGEMENT – INMT 342 , INMT 442 , INMT 443 .
INTERNATIONAL BUSINESS – Nine hours from: IB 409 , IB 429 , IB 439 , IB 449 , IB 459 , IB 492 , BUAD 400  or MGT 472 ; and IB 489 .
SUPPLY CHAIN MANAGEMENT – SCM 311 , SCM 312 , and one of SCM 411 , SCM 412 , SCM 413 , SCM 421 , or SCM 422 .

* Meets University General Education Requirement .
1 Must be completed by the end of the First Year.
2 Students who complete ENGL 118 * with a grade of A or B will complete their first year composition requirement by choosing ENGL 102 *, a sophomore-level course in the English department, or ENGL 355 *. If the sophomore-level English course appears on the Arts and Humanities list, the course may also be counted toward the Arts and Humanities requirement.
3 Chosen from the University General Education list .
4 MATH 125 * or MATH 141 * or MATH 152 * are prerequisites for STAT 201 , which is taken during the second semester of the Second Year. As a result, either MATH 125 * or MATH 141 * or MATH 152 * must be completed by the end of the first semester of the Second Year.
5 Any courses not already required for the major. Students admitted to Global Leadership Scholars will fulfill 10 hours of electives with the following courses – BUAD 217 , BUAD 317 , BUAD 417 , BUAD 427 , and BUAD 497 .
6 Students who plan to enter the Master of Accountancy program will need to take ACCT 414  to fulfill three hours of electives. ACCT 414  is a prerequisite to the MAcc program.
7 Students admitted to Global Leadership Scholars will complete the honors versions of these courses: ACCT 207 , BUAD 337 , BUAD 338 , BUAD 457 , FINC 307 , MGT 207 , and STAT 207 *.
8 Students admitted to Global Leadership Scholars will not take these courses due to content being covered elsewhere in their curriculum.