Dec 22, 2024  
2013-2014 Undergraduate Catalog 
    
2013-2014 Undergraduate Catalog [ARCHIVED CATALOG]

Accounting Major, BS in Business Administration – Collateral Option


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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) 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 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 exam 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 four areas that closely complement a career in accounting — 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.

uTrack Requirements (for first-year students)

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 first-time, first-year, full-time, degree-seeking students entering Fall 2013.

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 2.0 cumulative GPA
3Intermediate Foreign Language * 3  
4MATH 123 *, MATH 141 *, or MATH 147 * 3-4  
3Natural Sciences Elective * 3-4  
3Social Sciences Elective * 3  
Term 2
CMST 210 *, CMST 217 *, CMST 240 *, or CMST 247 * 3 2.5 cumulative GPA
1,2ENGL 102 * 3  
3Intermediate Foreign Language * 3  
4MATH 125 *, MATH 142 * or MATH 148 * 3-4  
3Natural Sciences Elective * 3-4  
Term 3
ACCT 200  or ACCT 207  3 ACCT 200 
3Arts and Humanities Elective * 3 ECON 201 *
ECON 201 * or ECON 207 * 4 MATH 125 * or MATH 141 *
ENGL 255 *, ENGL 257 *, or ENGL 295 * 3  
5Unrestricted Elective 3  
Term 4
3Arts and Humanities Elective * 3 CMST 210 * or CMST 240 *
BUAD 242  2 ENGL 255 * or ENGL 295 *
MGT 201  3 MATH 123 * or MATH 142 *
STAT 201 * or STAT 207 * 3 STAT 201 *
5Unrestricted Elective 3  
Term 5
ACCT 301  3 BUAD 242 
BUAD 331 , BUAD 332  4  
BUAD 341 , BUAD 342  4  
FINC 301  3  
5Unrestricted Electives 2  
Term 6
ACCT 311  3 2.5 cumulative GPA
BUAD 353 , BUAD 361  6 ACCT 301 
6Collateral 3  
INMT 341  3  
Term 7
ACCT 321 , ACCT 411  6 ACCT 311 
BUAD 205  or ECON 305  or MGT 311  or PHIL 244 * or PHIL 252 * 3 BUAD 353 
BULW 301  2 INMT 341 
6Collateral 3  
Term 8
ACCT 414  or ACCT 431  3 No milestones
6Collateral (or MAcc option) 3  
MGT 402  3  
5Unrestricted Electives 6  
     
TOTAL 120  

Accounting Collateral Options

FINANCE – FINC 425 , FINC 455 , and one of FINC 435 , FINC 445 , FINC 463 , FINC 475 , or FINC 485 .
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 310 , and one of SCM 411 , SCM 412 , SCM 413 , SCM 421 .

* 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 * 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 * must be completed by the end of the first semester of the Second Year.
5 Any courses not already required for the major.
6 In the spring of their Third Year, students normally make the decision whether to enter the job market upon graduation or apply to the Master of Accountancy program. ACCT 414  and ACCT 431  are both prerequisites to the MAcc program; therefore, students planning to enter the MAcc program should take ACCT 414  or ACCT 431  (whichever was not taken to satisfy the major requirement) instead of FINC 455  in the finance collateral, instead of INMT 442  or INMT 443  in the information management collateral, instead of SCM 411 , SCM 412 , SCM 413 , or SCM 421  in the supply chain management collateral, and instead of three of the required nine hours in the international business collateral.

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