Accounting Major Course of Study

Course Requirements

Students pursuing the bachelor of business administration degree (BBA) with a major in accounting are required to complete the following course requirements:

Drury CORE
39-43 hours*
BBA Tool Courses
25 hours
BBA Core Courses
21 hours
Accounting Major Requirements
33 hours
Electives
2-6 hours
Total BBA hours:
124-128 hours

*Drury CORE hours have been reduced from 45-49 to 39-43 as credit hours (6-7) are included in the BBA Tool Courses hours.


BBA Tool Courses:
All students pursuing a BBA degree with a major in accounting are required to complete the following tool courses:

ACCT 209: Principles of Accounting
3 credit hours

Introduces the student to the role of accounting in a global society. Principles and concepts of financial accounting. Analysis of accounting statements, and accounting cycles and procedures: receivables, inventories and fixed assets.

ACCT 210: Accounting for Management
3 credit hours

Prerequisite:  ACCT 209, MGMT 170.
This course provides an introduction to concepts essential to managerial decision?making as well as the tools and techniques of financial statement analysis with an emphasis on the use of financial statements for external and internal decision?making. Among the topics covered are profitability and ratio analysis, cash flows analysis, present value, inventory costing, cost?volume?profit analysis, variance calculation, and budgeting. The course emphasizes a user rather than a preparer’s perspective.

ECON 201: Basic Economic Theory
4 credit hours

Students will be introduced to the way market economies deal with the universal problems of resource scarcity. They will use economic models to evaluate market processes and government policies. The course provides an introduction to microeconomics and macroeconomics.

MATH 227: Introduction to Statistics
3 credit hours

Prerequisite:  One year of high school algebra. 
A course to acquaint the student with the basic ideas and language of statistics including such topics such as descriptive statistics, correlation and regression, basic experimental design, elementary probability, binomial and normal distributions, estimation and test of hypotheses, and analysis of variance.

MGMT 103: Business Foundations
3 credit hours

An introduction to the fundamental concepts and principles of business enterprise and economics. Introduction to the functions of a business organization. Basic research methods, written and oral reports, discussion of current business, and economic developments. Global business awareness.

MGMT 170: Computer Proficiency Exam
0 credit hours

Students completing a major in accounting, economics, finance, management, or marketing; or a minor in business administration, are expected to possess computer proficiency in critical business productivity tools (word processing, spreadsheet and presentation). Competency will be assessed through the administration of a proficiency exam. Offered for satisfactory/unsatisfactory credit only. Course fee required.

MGMT 240: Developing Your Personal Brand
3 credit hours

This course helps prepare for professional internships, full-time jobs opportunities, and graduate school acceptance. You will learn about how to develop a personal brand that set you apart from other applicants. After identifying careers that will be personally and professionally satisfying, you will develop techniques for effectively searching and obtaining these careers.

MGMT 228: Analytical Methods
3 credit hours

Prerequisite:  MGMT 170MATH 227
Study of common techniques for quantitative analysis and decision making including probability distributions, forecasting models, multivariate correlation and regression, linear programming, queuing analysis and simulation. Team and individual research and problem solving, report writing and oral presentations. Critical evaluation of assumptions in decision making including qualitative considerations.

MGMT 250: Management Information Systems
3 credit hours

An introduction to the study of the design and application of management information systems in business.

BBA Core Courses:
All students pursuing a BBA degree with a major in accounting are required to complete the following core courses:

ACCT 397, 497: Internship
3 credit hours

Prerequisite: MGMT 240

Interns must have at least 60 credit hours, completed appropriate coursework and have a minimum GPA of 2.5 prior to registering for academic credit. Also, approval must be obtained from the student's faculty sponsor and required forms must be completed by the deadline. Note: *Architecture, Music Therapy and Education majors do not register internships through Career Planning & Development. These students need to speak with his/her advisor regarding credit requirements and options.

FINC 331: Corporate Finance
3 credit hours

Prerequisites:  ACCT 210MGMT 228 and admission to Breech School of Business
This course is an investigation of the study of corporate finance and its implications. Topics covered include financial statement analysis, cash flow, taxes, the financial environment, interest rates, risk and return, time value of money, and the valuation of stocks, bonds, and firms. The course emphasizes that financial managers must deal with various models, assumptions, and cultures and are often called upon to make decisions based on qualitative as well as quantitative factors.

MGMT 301: Leadership & Organizations
3 credit hours

Prerequisite:  ACCT 210 and admission to Breech School of Business
Introduction to management of organizations, including strategy, leadership and organizational design. Projects in leadership development and evaluation. The project will include a paper and presentation as part of the deliverables.

MGMT 319: Business Law and Ethics
3 credit hours

Prerequisite: Admission to Breech School of Business
This course explores ethical and legal issues in business beginning with the legal system and forms of dispute resolution and covering the procedural and substantive areas of constitutional law, business crimes, torts/products liability, contracts and sales. Contemporary legal and ethical issues in business are discussed.

MGMT 424: Business Simulation Workshop
3 credit hours

Prerequisite: Admission to Breech School of Business. Senior Standing. It is recommended this course be taken concurrently with MGMT 446 and/or final semester prior to graduation. 
The business simulation workshop offers students the opportunity to learn about, and engage in, a competitive business environment via the CapSim business simulator. Students will partner in close teams to develop a deep understanding of general business strategies and tactics, and they will apply this theoretical understanding by managing various functional areas of a simulated manufacturing firm. By the end of the course, students will understand the basic principles of strategic business management, as well as the decisions that managers make in pursuit of their strategic goals and objectives. Business professionalism constitutes an essential component to the course, a

MGMT 446: Strategic Management
3 credit hours

Prerequisite:  FINC 331MGMT 301MKTG 337 and admission to Breech School of Business. 
Capstone course. Integrative approach to analysis, using tools and theory from finance, economics, accounting, and marketing. Individual and team projects including oral and written presentations. Emphasis on analytical and strategic reasoning, including critical analysis of company/financial and industry/competitive information. Corporate social responsibility and global business issues also play an important role in this course.

MKTG 337: Marketing
3 credit hours

Prerequisite: Admission to Breech School of Business.
Introduction to effective marketing concepts, strategies, and practices. An analytical approach to recognition of alternative strategic paradigms and their effect on a firm’s marketing. Ethical and social responsibilities of effective domestic and global marketing. Individual and team projects with operating sponsors.

Study Abroad Requirement
Choose one from the following:

MGMT 205: Study Abroad
0 credit hours

Study Abroad office must be notified and all policies must be followed including but not limited to insurance requirements. This course meets the Breech study abroad requirement. Study abroad trips that fall in this category will be for a year, semester or stay of at least 21 days. These trips will include formal enrollment in a University (Drury or other) study abroad program in any academic area. Students will have the opportunity to interact in the global business community on a variety of levels: business transactions, travel arrangements and interactions with residents of the host country. Application and prior approval is required. S/U Grading.

MGMT 206: Study Abroad - Business/Leadership
0 credit hours

Study Abroad office must be notified and all policies must be followed including but not limited to insurance requirements. This course meets the Breech study abroad requirement. Study abroad trips that fall in the business/leadership category will be for a stay of at least 14 days. These trips will include formal enrollment in a University (Drury or other) program, with a focus on global business. In this type of study abroad program, students will be exposed to business operations and/or leadership challenges in another country. They will also be expected to have interactions with business executives or other leaders in professional settings. Application and prior approval is required. S/U Grading.

MGMT 207: Study Abroad - Service Learning
0 credit hours

Study Abroad office must be notified and all policies must be followed including but not limited to insurance requirements. This course meets the Breech study abroad requirement. Study abroad trips that fall in the service learning category will be for a stay of at least 7 days. This program would not necessarily require formal enrollment in a University; it would, however, require affiliation with a formal agency/organization or some form of University sponsorship. Students may not complete this program on an individual basis. In this type of study abroad program, students will be focused on an intensive immersive experience and will be interacting almost exclusively with a variety of host country residents while engaged in a community service project. Students will be expected to base this personal interaction on the pursuit of a particular goal. Application and prior approval is required. S/U Grading.

MGMT 208: Study Abroad - International Student
0 credit hours

Study Abroad office must be notified and all policies must be followed including but not limited to insurance requirements. This course meets the Breech student abroad requirement. The international student category covers students from outside the United States who are studying business at Drury. Application and prior approval is required. S/U Grading.

Major Requirements:
Students earning a BBA degree with a major in accounting must also complete the following courses for the major:

ACCT 307: Intermediate Accounting I
3 credit hours

Prerequisite: Admission to Breech School of Business.
Financial accounting theory and methodology including the conceptual framework of generally accepted accounting principles. Financial accounting measurement including revenue and expense recognition; cash flows; inventory cost and valuation; long?lived assets, costing valuation and amortization.

ACCT 308: Intermediate Accounting II
3 credit hours

Prerequisite:  ACCT 307 and admission to Breech School of Business.
A continuation of ACCT 307 with emphasis on debt financing and equity measurement. Includes an in?depth review of present value techniques along with coverage of advanced topics such as debt and equity investments, leases, and accounting for deferred taxes.

ACCT 310: Tax Service I
1 credit hours

Prerequisite:  ACCT 321 and admission to Breech School of Business.
This course provides a service?learning experience for accounting students. Students develop tax?preparation skills by participating in an IRS?sponsored Volunteer Income Tax Assistance Program (VITA) and utilize computerized software to aid in the preparation of income tax returns. This course has been approved as an Honors qualified course.

ACCT 321: Federal Taxation I
3 credit hours

Prerequisite:  ACCT 210 and admission to Breech School of Business.
An introduction to the concept of taxation in general, the focus being the federal income tax. Introduces the student to the tenants underlying the federal income tax system with emphasis on individual income taxation. Preparing individual income tax returns, identifying issues, conducting research and writing client memos are emphasized.

ACCT 322: Federal Taxation II
3 credit hours

Prerequisite:  ACCT 321 and admission to Breech School of Business.
This course studies the federal income tax system as it relates to corporations, partnerships, and estates and trusts. The material builds on the understanding of the underlying tenants of the federal income tax system introduced in ACCT 321. Preparation of returns as well as tax research resulting in structured writing for memos and client letters.

ACCT 355: Accounting Information & Cost Management Systems
3 credit hours

Prerequisite: Admission to Breech School of Business.
A study of information systems designed to capture, process and report the economic activities of a business. Specific attention is given to the use of accounting information, both financial and non-financial, in business decision-making. System analysis, design and use must deal with the issues of flow of transactions and related procedures, summarizing financial data into meaningful formats, determining cost for internal and external reporting, documentation for audit trail purposes, data security and backup, and disaster recovery planning.

ACCT 403: Auditing Principles and Procedures
3 credit hours

Prerequisite:  ACCT 308, ACCT 321, ACCT 355 and admission to Breech School of Business.
Introduces the student to the auditing needs of organizations. This first of two courses in auditing examines the assurance and attestation services provided by the Certified Public Accountant. The course focuses on: the audit environment; audit opinions; the ethical, legal and professional responsibilities of the public accountant; foreign and domestic audit standards; audit risk; materiality; internal control over financial reporting; the objective of an integrated audit and gathering audit evidence. The course utilizes professional audit software and requires the completion of the planning and partial execution of an integrated audit case study.

ACCT 409: Intermediate Accounting III
3 credit hours

Prerequisite: ACCT 308 and admission to Breech School of Business.
A continuation of ACCT 308 with emphasis on advanced financial accounting topics. Includes review of foreign currency transactions, pensions, derivatives, earnings per share, cash flows and accounting theory. Critical evaluation of financial goals, performance.

ACCT 410: Tax Service II
1 credit hours

Prerequisite:  ACCT 310, ACCT 322, and admission to Breech School of Business.
This course is a continuation of ACCT 310 in that it builds upon the experiences gained in the previous service-learning course. It provides students the opportunity to expand their understanding and preparation of income tax returns. This course has been approved as an Honors qualified course.

MGMT 320: Commercial Law and Ethics
3 credit hours

Prerequisite: Admission to Breech School of Business. 
This course covers the legal requirements of the Uniform Commercial Code as to negotiable instruments, debtor-creditor relationship, and secured transactions. Other substantive areas covered in this class include bankruptcy, insurance, business organizations, and employment law.

Choose one of the following:

ECON 311: Price Theory
4 credit hours

Prerequisite: Admission to Breech School of Business
Students will use economic models to explore how free markets can lead to the most efficient use of society’s scarce resources. The problems posed by monopoly and other forms of market failure will be analyzed along with other real-world issues.

ECON 312: Aggregate Economic Analysis
4 credit hours

Prerequisite: Admission to Breech School of Business. 
Students will trace the historical development of contemporary macroeconomic analysis and use economic models to evaluate the impact of monetary and fiscal policies on the level of employment, output and prices in capitalist economies. The debate surrounding the appropriate role of government in promoting full employment and price stability is given emphasis.

Choose one of the following:

ACCT 412: Advanced Accounting
3 credit hours

Prerequisite:  ACCT 308 and admission to Breech School of Business.
An advanced study of accounting principles including accounting for combined corporate entities, consolidated statement analysis and accounting research and decision making. Cooperative learning activities are applied to facilitate positive interdependence, individual accountability, group processing and retention relating to advanced accounting topics.

ACCT 429: Governmental and Not-for-profit Accounting
3 credit hours

Prerequisite:  ACCT 210 and admission to Breech School of Business.
Introduces the student to fund accounting and the current accounting practices for both government and non-governmental not-for-profit organizations. Reviews the business structure, special needs of financial reporting and requires each student to complete a service-learning project.

The following courses are recommended electives for further study for accounting majors:

ACCT 404: Advanced Auditing
3 credit hours

Prerequisite: ACCT 403 and admission to Breech School of Business.
A continuation of ACCT 403 with emphasis on the integrated audit of: the revenue cycle, acquisition and payment cycle, cash and liquid assets, long lived assets and equity transactions. Additional emphasis is placed on ensuring audit quality and the use of professional judgment in: determining materiality, assessing misstatement, examining internal control and determination and use of fair value estimates. The course also provides students the opportunity to utilize professional audit software in the completion of an integrated audit case study.

ACCT 420: Issues in Public/Corporate Accounting
3 credit hours

Prerequisite:  Minimum of 30 hours of accounting courses and admission to Breech School of Business
Review of financial accounting, managerial/cost accounting, theoretical concepts, tax regulation, business law, and related subjects including the analysis and techniques for solving CPA/CMA examination questions. Students will be required to prepare and sit for at least two parts of either the CPA or CMA exam. Students must be enrolled in their final semester of completing both the BBA degree and 150 semester hours, or have already completed the requirements necessary for CPA or CMA examination candidacy.


Students may find it necessary to spend more than four years at Drury University in order to complete the accounting major.

Students desiring to sit for the Uniform CPA exam in Missouri, as well as many other states, must complete 150 hours of education. Students seeking CPA exam candidacy must complete the courses outlined above for the accounting major in addition to completing elective courses to total a minimum of 150 semester hours. This program usually requires more than four years of study.