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    Sep 30, 2022  
2015-2016 Undergraduate Catalog 
2015-2016 Undergraduate Catalog [ARCHIVED CATALOG]

Accounting Major, BS in Business Administration – Dual Concentration with International Business

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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) 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 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.

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 • Dual Concentration with International Business

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  
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 Electives * 3-4  
Term 3
5ACCT 200  or ACCT 207   3 ACCT 200  
3Arts and Humanities Elective * 3 ECON 201 *
5ECON 201 * or ECON 207 * 4 MATH 125 * or MATH 141 *
ENGL 255 *, ENGL 257 *, or ENGL 295 * 3  
6Unrestricted Elective 3  
Term 4
3Arts and Humanities Elective * 3 CMST 210 * or CMST 240 *
BUAD 242   2 ENGL 255 * or ENGL 295 *
5MGT 201  or MGT 207   3 MATH 123 * or MATH 142 *
STAT 201 * or STAT 207 * 3 STAT 201 *
6Unrestricted Elective 3  
Term 5
ACCT 301   3 BUAD 242  
5BUAD 331 , 4BUAD 332   4  
BUAD 341 , BUAD 342   4  
5FINC 301   3  
6Unrestricted Elective 2  
Term 6
ACCT 311   3 2.5 cumulative GPA
5BUAD 353 , BUAD 361   6 ACCT 301  with grade of B– or better
INMT 341   3 BUAD 331 , BUAD 332  
6Unrestricted Elective 3  
Term 7
ACCT 321   3 ACCT 311  
BUAD 205  or ECON 305  or MGT 311  or PHIL 244 * or PHIL 252 * 3 INMT 341  
BULW 301   2  
7International Business coursework 6  
Term 8
7International Business coursework 6 No milestones
MGT 402   3  
6Unrestricted Electives 6  
TOTAL 120  
* 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 Students admitted to Global Leadership Scholars will complete the honors versions of these courses: ACCT 207 , BUAD 337 , BUAD 338 , BUAD 357 , ECON 207 *, FINC 307 , MGT 207 , MGT 407 , and STAT 207 *.
6 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 .
7 Twelve hours chosen from IB 409 , IB 429 , IB 439 , IB 449 , IB 459 , IB 492 BUAD 400  or MGT 472 ; and IB 489 .

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