» Bachelor’s Degrees » Accounting Menu HOME DEGREES & ACADEMICS ACADEMICS OVERVIEW MASTERS DEGREES BACHELORS DEGREES ASSOCIATES DEGREES ADVANCED CERTIFICATES GENERAL CERTIFICATES NON-CREDIT PROGRAMS ESL WORKFORCE TRAINING PROGRAMS ACADEMIC RESOURCES UNIVERSITY CATALOG ACADEMIC CALENDAR ARTICULATION AGREEMENTS ADMISSIONS ADMISSIONS INFO ADMISSION REQUIREMENTS HOW TO APPLY COLLEGE CREDIT FOR PRIOR LEARNING NEW STUDENT ORIENTATION APPLY ONLINE INFORMATION FOR: PROSPECTIVE STUDENTS INTERNATIONAL STUDENTS MILITARY STUDENTS TRANSFER STUDENTS POTOMAC RETURNING STUDENTS TUITION & FINANCIAL AID POTOMAC’S AFFORDABLE EDUCATION FINANCIAL AID OVERVIEW TUITION & FEES FINANCIAL AID ELIGIBILITY SCHOLARSHIPS 6 WAYS TO SAVE ONLINE BILL PAY CORPORATE TUITION ASSISTANCE Potomac’s tuition assistance program will help you gain a competitive advantage in the workforce while keeping education costs down. NET PRICE CALCULATOR LEARNING & SUPPORT LEARNING OPTIONS ONLINE LEARNING WASHINGTON DC CAMPUS VIRGINIA CAMPUS Student Support STUDENT PORTAL MOODLE VIRTUAL CLASSROOM LEARNING RESOURCES CAREER RESOURCES OFFICE OF THE REGISTRAR ABOUT US & COMMUNITY ABOUT POTOMAC MESSAGE FROM THE PRESIDENT ACCREDITATIONS & APPROVALS HISTORY CAREERS REGULATORY & CONSUMER INFORMATION COMMUNITY ALUMNI FACULTY OUR PARTNERS EVENTS CALENDAR LOCATIONS & CONTACT NEWS & BLOG CONNECT WITH US Search Accountants & Auditors 10-19% Financial Analysts 20-28% Financial Advisors > 29% Projected Job Growth 2010-2020 *Bureau of Labor Statistics Bachelors in Accounting Online, DC & Virginia Earn Your Bachelors Degree in Accounting Potomac offers an online bachelors degree in accounting and two convenient campuses for students in the DC and Virginia area. The Bachelors in Accounting is a robust program with courses designed to give students a competitive edge with real life skills for a variety of accounting roles in public, private and government careers. Additionally, students can choose one of several concentrations within the accounting program to further focus their learning and help students differentiate themselves in the marketplace. Degree Overview Accounting Degree Overview Accounting continues to be a profession that is in demand. Most companies require a bachelors degree in accounting and Potomac’s Bachelor Degree in Accounting gives many advantages: Choose Your Location Washington DC, Virginia and Online classes are available. Choose Your Class Start Date New class sessions start every few weeks. Small Class Size with Professional Faculty Our expert faculty are business professionals with success in their own fields. Practical, Real World Accounting Skills and Knowledge Up to date skills help you be more valuable in the marketplace. Solid Career Opportunities Accounting careers continue to show solid growth for the future. Program Outline Accounting Program Learning Goals Graduates of the Bachelor of Science in Accounting are able to: Identify and discuss the ethical and social responsibilities of accounting professionals and apply professional judgment to present financial statements fairly. Prepare and analyze financial statements and managerial reports using various accounting standards, theories and techniques. Develop written and oral business communication skills to deliver accounting information to appropriate users effectively. Work in teams, analyze practical accounting problems and financial statements consistent with real world situations. Use technology to solve accounting problems and improve decision-making skills. Students majoring in Accounting may select six upper division elective courses in accounting or management or choose one of the following concentrations to add an additional focus to their studies: Finance Government Contract Management Healthcare Management Information Management International Business Management Marketing To receive a Bachelor of Science degree in Accounting, students must earn 120 semester credit hours. Unless noted otherwise, all courses carry three semester credits hours. Program requirements are as follows: BACHELOR OF SCIENCE IN ACCOUNTING COURSES Prerequisites for Upper Division Accounting Degree Courses Successful completion of general education course requirements Successful completion of ACCT101 and ACCT102 LOWER DIVISION REQUIREMENTS (60 Credits) General Education Requirements (18 Credits) COMP 125 The Digital World ENGL 101 English Composition I ENGL 102 English Composition II GNED 112 Student Success Strategies MATH 106 College Mathematics MATH 110 College Algebra Lower Division Core Accounting Degree Courses (39 Credits) Required Management Courses (18 Credits) BUS 110 Foundations of Business BUS 202 Critical Thinking and Decision Making BUS 230 Business Ethics and the Legal Environment ECON 201 Principles of Economics MGMT 230 Organizational Behavior MRKT 110 Principles of Marketing Required Accounting Courses (21 Credits) ACCT 101 Principles of Financial Accounting I ACCT 110 Principles of Financial Accounting II ACCT 203 Federal Taxes ACCT 214 Accounting Information Systems ACCT 220 Payroll Accounting ACCT 290 Intermediate Accounting I FIN 230 Fundamentals of Finance Electives (3 Credits) UPPER DIVISION REQUIREMENTS (60 Credits) General Education Requirements (12 Credits) ENGL 395 Research and Report Writing MATH 323 Research and Statistical Analysis PSYC 201 Principles of Psychology SCIE 312 Environmental Science and Sustainability Upper Division Core Courses (30 Credits) Required Management Course (6 Credits) MGMT 305 Organizational Communications MGMT 435 Strategic Management and Planning Required Accounting Courses (24 Credits) ACCT 301 Intermediate Accounting II ACCT 320 Intermediate Accounting III ACCT 307 Cost Accounting ACCT 308 Assurance and Audit Services ACCT 402 Corporate Taxation ACCT 408 Forensic Accounting ACCT 450 Advanced Financial Reporting BUS 320 Advanced Business Law for Accounting Electives (18 Credits) Any 18 credits or one of the concentrations below: Finance Concentration FIN 310 Investment Analysis and Portfolio Management FIN 320 Asset Management FIN 320 Asset Management FIN 330 Corporate Finance FIN 340 Financial Reporting and Analysis FIN 350 International Banking and Finance FIN 400 Derivatives and Risk Management Government Contact Management Concentration MGMT 308 Government Contract Law MGMT 326 Principles of Federal Acquisition (FAR and DAR) MGMT 330 Purchasing and Material Management MGMT 332 Cost and Price Analysis MGMT 350 Contract Administration MGMT 450 Contract Modification and Options Healthcare Management Concentration HLTH 303 Information Systems for Health Systems HLTH 400 Societal Health and Policy Issues HLTH 403 Global Health Administration HLTH 405 Healthcare Financial Management MGMT 411 Total Quality Management MRKT 427 Marketing Management Information Management Concentration CBSC 320 Information Security MCAP 303 Organization and Technology of Information Management MCAP 351 Management Support Systems MICS 341 Systems Analysis and Design MICS 455 Computer Networking and Telecommunications MICS 461 Database Management International Business Concentration BUS 310 Export/Import Marketing FIN 350 International Banking and Finance MGMT 303 International Business Management MGMT 440 International Organizational Development Strategies MRKT 424 International Marketing MRKT 450 New Product Development (US and Global) Management Concentration Management Concentration MCAP 303 Organization and Technology of Information Management MGMT 360 Leadership MGMT 365 Managing Conflict and Change MGMT 417 Human Resource Management MGMT 424 Negotiations Management MGMT 427 Operations Management Marketing Concentration MRKT 350 Salesmanship MRKT 424 International Marketing MRKT 425 Consumer Behavior MRKT 427 Marketing Management MRKT 450 New Product Development (US and Global) MRKT 490 Marketing and Social Media TOTAL – 120 CREDITS Tuition & Fees Accounting Degree Tuition and Fees The average tuition and fees for the entire program, at current full-time tuition rates, are $63,400. The total estimated cost for books and supplies for the entire program is $5,000. Cost by Credit All Students $541 per credit ($1623 per 3-credit course) Active Military & Immediate Family $250 per credit ($750 per 3-credit course) Veterans $250 per credit ($750 per 3-credit course) Helpful Links: More tuition details >> Financial Aid >> Median Loan Debt: For all students completing this program between July 1, 2009 and June 30, 2010, the median cumulative loan debts for each of the following are: Federal student loans: $24,860 Private loans: $0 Institutional finance plans: $0 Note: This preliminary median loan data is pending confirmation from the U.S. Department of Education. It reflects total debt, including costs of living, while the median loan amount prescribed under the Department’s gainful employment regulations excludes such costs of living. Accounting Careers Accounting Career Outlook U.S. News ranks Accounting careers as #3 for Best Business Jobs. With changing tax laws and added regulatory requirements as a constant part of our economy, there will always be need for accounting professionals to monitor finances and make sure companies stay in compliance. Projected accounting job growth estimated at 16% by 2020 – Bureau of Labor Statistics The accounting degree will prepare you for careers including, but not limited to: public and private accounting, auditing, financial analysts, compliance and more. For information on jobs related to this program, as well as the U.S. Department of Labor Standard Occupational Classification (SOC) Codes, please click on the links below to the O*NET website sponsored by the U.S. Department of Labor. Accounting Career Information For information on jobs related to this program, as well as the U.S. Department of Labor Standard Occupational Classification (SOC) Codes, please click on the links below to the O*NET website sponsored by the U.S. Department of Labor. Accountants and auditors Budget analysts Financial analysts Compliance Officers Management Analyst Accounting Salary Information Links: Salary.com Bureau of Labor Statistics Accounting Careers: Corporate Controller Senior Project Accountant Senior Accountant ( Non-Profit Organization) Manager, Financial Planning and Analysis Senior Internal Auditor Associate Accounting Manager. Investment Treasury Financial Analyst Audit Manager (Non-Profit Organization) Assistant Manager-Project Accounting Accounting Consultant Financial Analyst Senior Accountant Accountant Contract Manager Accountant/Assistant Accountant/Tax/Audit Internal Senior Auditor Senior Tax Associate Staff Accountant Central Control Group Associate Director, Underwriting Cost Accountant Senior Subcontracts Administrator Accounting/Finance Vice-President Management Analyst Staff Accountant-General Accounting Cost Accounting Consultant Accounting Staffing Executive Principle Financial Analyst Federal Accountant/ Audit Specialist Tax Accounting Manager III Accounting Manager Federal Accounting/ Audit Specialist Accounting Management/Property Accounting Manager (TLK) Government Contract – Senior Accountants Accounting Supervisor Senior Accounting Analyst Finance Accounting Analyst Revenue Accounting Manager Director of Client Service – Accounting/Finance Cost Accounting Manager Senior Accounting Analyst Accounting Manager Assistant Controller Public Accounting Auditor Associate Accounting Manager – Investment Treasury Accounting Coordinator Regional Accounting Manager Controller/Accounting Manager Federal Accounting Consultant Manager of Client Accounting Accounting Tax Manager Real Estate Accounting Manager Senior IT Auditor General Ledger Accounting Manager Corporate Accounting Manager Manager, Regional Accounting Director of Tax and Regional Accounting Senior Accountant/Accounting Manager/Controller Senior Manager, Accounting Policy Accounting Services Manager Federal Practice Audit Manager – Non-Profit Organization Assistant Manager, Project Accounting Accounting Services Senior Manager- Federal Practice Manager- Rental Property Accounting Product Accounting Manager Senior Accounting Analyst – Litigation Support Accounting Manager- Specialty Revenue Corporate Accounting Manager Corporate Accounting Consultant Senior Accounting Supervisor Accounting & Reporting Manager Financial -Accounting Manager/Supervison Director of International Accounting Operations Manager, Payroll Accounting Director of Investment Accounting Construction Accounting Manager REIT Accounting Analyst Senior Property Accountant Contract Administrator Compliance Manager Internal Auditor Tax Manager Determined Audit Manager Finance Analyst – Business Development Vice President of Finance Senior Development Accountant Internal Audit/Risk Management Manager, Director Federal Accounting & Financial Management Consultant Assistant Controller Controller Grants and Contract Manager Financial Controller Director, Internal Audit and Regulatory & Compliance Assurance Senior III Assurance Manager DC Public Sector Production Accountant Architecture Senior Accountant Senior Tax Consultant Senior Billing Specialist International Tax Manager Portfolio Accountant Property Accountant Manger of Financial Reporting Mutual Fund Accountant Financial Due Diligence Director Payroll Administrator Corporate Account Director of Financial Operations Internal Audit Trainer ACCOUNTING DEGREE APTITUDE What kind of math skills will I need for an accounting degree? While math is important for an accounting degree, you will not need to be a complete math genius to get through your accounting degree. You may be pleasantly surprised to find out that the most important math skills you will need are typically the math fundamentals and some ability to learn statistics. So if you struggled with high school calculus, don’t worry. The theoretical math will not come into play as much with an accounting degree. Accounting graduates need a much more broad based math skill set with less theoretical than most would expect. With the exception of some of the higher accounting degrees, it will be your basic math skills and algebra that will help you most. So don’t shy away from an accounting degree because you think you needed to be an A student in calc, trig or geometry. If you generally enjoy the more practical math classes and it makes sense to you. You should be fine. What other kinds of skills do I need for be successful in an accounting degree? Some of the most important strengths for you to succeed in accounting will be the ability to use your computer and analyze and interpret data. A lot of the math work these days is handled by the computer so good computer skills are very important. The ability to work with a program and a general understanding of how to enter the data and interpret it after the computer has done its job will help you a lot. Additionally, if you have good quantitative and problem-solving ability you are a good candidate for an accounting degree. SUCCESSFUL ACCOUNTING DEGREE/CAREER PERSONALITY The stereotypical picture of the quiet, mild-mannered accountant secluding himself in his office is not the true picture of what type of personality traits make accountants most successful. According to a study done by University of Tennessee, “Personality Traits and Career Satisfaction of Accounting Professionals” (http://www.aejournal.com/ojs/index.php/aej/article/viewFile/37/37), extraverted individuals are correlated with greater success and career satisfaction. They were most often promoted and liked their jobs better than their introverted counterparts. The most dominant personality type for accounting students is ESTJ ( Meyers Briggs). So if you are more extraverted and are concerned that you may not fit the stereotypical ‘quiet auditor’ role, don’t worry. You are in good company with some of the most successful accounting managers and supervisors out there. Other positive traits you may have expected that correlate well with accounting are ‘attention to detail’ and as stated earlier ‘problem solving’. Accountant put in heavy hours during tax season so anyone considering a degree in accounting should consider the cyclical bump in workload that occurs during that time. Work is typically billed by the hour so you should also be comfortable with keeping track of your time. IMPORTANT SKILLS FOR ACCOUNTING 1. General accounting 2. Accounts payable and receivables 3. Account reconciliation 4. Understanding of General Ledgers and Financial Statements 5. Financial reporting 6. Bookkeeping 7. Auditing If you would like to learn more about accounting degrees, we encourage you to call our admissions reps who can answer more of your questions at 888-635-1211. 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