Accounting provides the information necessary to determine and evaluate the present and projected economic activities of organizations. It includes financial services to individuals, business entities, not-for-profit organizations, and government at all levels.
Requirements for the CPA certificate in New York State include passing the CPA examination as well as appropriate public accounting experience. The B.S.(Accounting) degree offered at Hunter College fulfills the educational requirements needed for admission to the CPA examination in New York State. The Professional Studies component consists of 64 credits selected from six prescribed categories, including 31 credits of prescribed accounting courses. In addition, there is an Allied Requirement consisting of an additional 3 – 15 credits depending on the student’s background. No minor is required for the degree.
Economics majors often take accounting courses. Their choice may range from one to several to even the entire series of accounting courses. (For students admitted beginning in Fall 2006, accounting and business law courses cannot be credited toward the economics major.) This is of particular interest to students specializing in corporate or public finance, banking or investments, and business or personnel management.
Majors in Other Departments or Disciplines
Many students majoring in disciplines other than economics or accounting (e.g, art, music, history, political science, english, computer science) quite often wish to take accounting as an element of a general education. These students are usually advised to take only the introductory year of accounting (ACC 271/ACC 272 ). Thereafter they may select additional courses to acquire a deeper understanding of accounting as an instrument of business communication and reporting. Indeed some may even complete the entire series of accounting courses so as to develop a technical competence in the subject. For non-majors, the accounting course credits are usually applied as the minor towards the B.A. degree or as electives.
When to Elect the First Accounting Course
To assure completion of the B.S.(Accounting) degree program within four years, a fulltime student should begin the accounting course sequence in the upper freshman semester, if at all possible; but no later than the lower sophomore semester. A student, who after completing ACC 271, decides not to pursue a B.S.(Accounting) degree is thus still in a position to sample other alternatives for the major.
The Hunter College B.S. Program in Accounting
The degree of bachelor of science (accounting) offered at Hunter College fulfills educational requirements for the CPA examination in New York State. Candidates pursuing licensure in New York State will need to complete 150 college credits including ACC 49000 – Accounting & Auditing Research . An appropriate masters degree, while not required, is another path to licensure. For information on the MS in Accounting at Hunter College, see the Hunter College Graduate Catalog.
All students contemplating a career in accounting should request an interview with the accounting program adviser during the lower freshman term. To assure completion of the BS (accounting) degree within four years, a full-time student should begin the accounting major sequence in the upper freshman term, if possible, and no later than the lower sophomore term, by registering for ACC 27100.
Hunter Core Requirement
Note: Several courses leading to or within this major may fulfill parts of the Hunter Core Requirement (CUNY Common Core [CCC], Hunter Focus, Concurrent Requirements). When selecting courses, it may be to a student’s advantage to choose courses that count toward the Hunter Core Requirement and also advance the student on the path to the major.
In the case of the accounting major, the courses that meet CCC are:
Course CUNY Common Core
MATH 12500 (STEM) Math/Quantitative Reasoning
MATH 15000 (STEM) Math/Quantitative Reasoning
ECO 20000 Scientific World
ECO 20100 Individual and Society
Please note that no more than two courses from any one department will count for the CUNY Common Core.
The Department of Economics offers a major of BS in accounting, requiring a minimum of 4 credits of Allied Required Course MATH 15000 (STEM), 31 credits of accounting and an additional 33 credits of professional studies. Details are outlined below.
Students enrolled in the BS (accounting) curriculum may not use CR/NC grades for the 31 accounting credits in the accounting major.
Progression in the Major
Students who have not completed the prerequisites with a grade of C, CR or better will not be allowed to register for the course for which the prerequisites are required. ECO 22100 is required for the major and must be completed with a grade of C, CR or better to be accepted for credit toward fulfillment of the major.
Foundational Courses (0-7 credits)
• MATH 10100 – Algebra for College Students (depending on results of Math placement exam) (3 credits)
• MATH 12500 (STEM) – Precalculus (depending on results of Math placement exam) (4 credits)
Allied Required Course (4 credits)
• MATH 15000 (STEM) – Calculus with Analytic Geometry I
Majors are advised to complete MATH 15000 (STEM) and ECO 22100 within their first 75 credits of college work. For students already at or beyond this point when they become majors, such courses should be taken within the first 12 credits following declaration of the major. The department may waive the major requirement of MATH 15000 and/or ECO 22100 upon satisfactory proof of course equivalency. Courses waived through substitution or examination do not provide course credit nor do they count toward the major.
Professional Studies (64 cr)
Accounting (31 cr)
• ACC 27100 – Accounting I
• ACC 27200 – Accounting II
• ACC 37100 – Intermediate Accounting I
• ACC 37200 – Intermediate Accounting II
• ACC 37300 – Federal Income Taxation
• ACC 37400 – Managerial Accounting (Cost Accounting)
• ACC 47100 – Advanced Accounting I
• ACC 47200 – Advanced Accounting II
• ACC 47300 – Business Taxes
• ACC 47500 – Auditing
• note: An overall average of at least “C” must be maintained in these 31 credits
Business Law (6 cr)
• ACC 28000 – Business Law I
• ACC 38000 – Business Law II
Statistics (3 cr)
• ECO 22100 – Economic Statistics should be completed within the first 75 credits of college work.
• note: For students already at or beyond this point when they become majors, the course should be taken within the first 12 credits following declaration of the major.
Finance (6 cr)
Select two of the following courses:
• ECO 21000 – Money and Banking
• ECO 36500 – Corporate Finance
• ECO 36600 – Security and Investment Analysis
• ACC 36700 – Analysis of Financial Statements
Business Core-Required (6 cr)
• ECO 20000 – Principles of Microeconomics
• One course in computer science (note: ACC 47600 Computer Accounting Systems is strongly recommended).
Business elective (12 cr)
Choose from the following:
• ECO 26000 – Business Organization and Management
• Any 300- or 400-level ACC or ECO course (ACC 48000 is strongly recommended)
• One additional computer science course may be used as a business elective
Total Credits 68
Total major credits required 64
Required allied MATH 15000 4
(Additional foundational courses 0 – 7 credits, depending on Math placement)
Minor in Accounting
A minor in accounting is available. These courses may be used for CPA Licensure in New York State, but represent only 15 of the 69 credits required.
Students may receive one credit for internships in government agencies, private firms, and not-for-profit institutions. The position must provide opportunities for learning about some area of economics, accounting, or business. The course may be taken no more than twice. Credits may not be applied towards the economics or accounting major. Internships will be graded on a CR/NC basis. Note that it is the responsibility of the student, not the Department, to identify internship opportunities.
Students with a 3.5 GPA in a major offered by the department and an overall 2.8 GPA at the beginning of their upper senior semester may apply for departmental honors at that time. Completion of the following and submission of an honors paper are required. Honors papers are written under faculty supervision and must be approved by a second reader as well. GPA levels must be maintained for the award of departmental honors.
• ECO 49900 – Honors Project