ACCOUNTING (BMGT)The Robert H. Smith School of Business
1570 Van Munching Hall, 301-405-2286
Chair: M. Loeb
Professors: L. Gordon, O. Kim, M. Loeb, S. Loeb
Associate Professors: S. Cheng, R. Hann, M. Kimbrough
Assistant Professors: H. Lee, N. Seybert, J. Staihar, E. Zur
Lecturers: P. Basu (Clincial), S. Brown (Clinical), G. Bulmash (Clinical), M. Finch, S. Handwerger, M. Keim, J. McKinney (Clinical)
Visiting Faculty: S. Demirkan (Visit Asst Prof), L. Zhou
Accounting, in a limited sense, is the analysis, classification, and recording of financial events and the reporting of the results of such events for an organization. In a broader sense, accounting consists of all financial systems for planning, controlling, and appraising performance of an organization. Accounting includes among its many facets: financial planning, budgeting, accounting systems, financial management controls, financial analysis of performance, financial reporting, internal and external auditing, and taxation. The accounting curriculum provides an educational foundation for careers in public accounting and management, whether in private business organizations, government or nonprofit agencies, or consulting. Two tracks are provided: The Public Accounting Track leading to the CPA (Certified Public Accounting) and the Management Accounting/Consulting Track. Please note: Currently, only the Public Accounting track is available.
Admission to the Major
See Robert H. Smith School of Business entry in chapter 6 for admission requirements.
Requirements for the Major
* Required for CPA in Maryland
The basic educational requirements of the Maryland State Board of Public Accountancy to sit for the CPA examination are a baccalaureate or higher degree with a major in Accounting or with a non-accounting degree supplemented by course work the Board determines to be substantially the equivalent of an Accounting major. Students planning to take the CPA examination for certification and licensing outside
120 credits are required to complete a degree in Accounting; however, students seeking to become a Certified Public Accountant (CPA) must meet the certification requirements for the state in which they wish to practice. Most states, including Maryland, require a minimum of 150 credit hours of college education to fulfill the education requirements to obtain a CPA license. However many of these states, including Maryland, will allow applicants to take the CPA exam prior to earning 150 credits if they have accumulated 120 credits, earned a degree, and meet specified education requirements. In addition, do not assume the course and credit requirements for the accounting major are sufficient for all states. For details on various states' CPA requirments visit www.nasba.org .
General advising for students admitted to the Smith School of Business is available Monday through Friday in the Office of Undergraduate Programs, 1570 Van Munching Hall, 301-405-2286, firstname.lastname@example.org. It is recommended that students visit this office each semester to ensure that they are informed about current requirements and procedures. Transfer students entering the university can be advised during spring, summer, and fall transfer orientation programs. Contact the Orientation Office for further information, 301-314-8217.