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Wisconsin School of Business

Accounting and Information Systems

Courses

The accounting major provides a student with the foundation to excel as a certified public accountant, internal auditor, financial manager, controller, and consultant. Tools and techniques of planning, control, and decision analysis (including computer applications) are developed in broad areas such as financial and managerial accounting, taxes, consulting, cost analysis, computer auditing, and accounting systems. Required courses and recommended electives for an accounting major are listed below.

Requirements for the Major

Gen Bus 302 Business Organizations and Negotiable Instruments, 3 cr
Acct I S 301 Financial Reporting I, 3 cr
Acct I S 302 Financial Reporting II, 3 cr
Acct I S 310 Cost Management Systems, 3 cr
Acct I S 340 Accounting Systems, 3 cr
Acct I S 406 Advanced Financial Reporting, 3 cr*
Acct I S 620 Fundamentals of Taxation, 3 cr
Acct I S 630 Audit and Assurance Services, 3 cr

*Students admitted to the integrated Master's (IMAcc) program must complete Acct I S 600 and Acct I S 601 instead of Acct I S 406. Students admitted to the accelerated IMAcc program will still be responsible for completing Acct I S 406 as part of the undergraduate degree requirements.

Recommended Electives

Acct I S 603 Financial Statement Analysis, 3 cr
Acct I S 621 Corporate and Advanced Taxation, 3 cr
Acct I S 631 Information Technology, Risk, and Assurance Services, 3 cr

The following courses are recommended as program electives outside of accounting. The student is encouraged to elect as many as a program will permit.

Finance 320 Investment Theory, 3 cr
Finance 325 Corporation Finance, 3 cr
Info Sys 371 Technology of Computer-based Business Systems, 3 cr
Info Sys 424 Analysis and Design of Computer Based Systems, 3 cr
OTM 654 Production Planning and Control, 3 cr
Real Est 306 The Real Estate Process, 3 cr
RMI 300 Principles of Risk Management, 3 cr

Master's Programs in Accounting

The state of Wisconsin and most other states have passed legislation mandating that candidates sitting for the CPA exam must have completed a 150-credit-hour program including at least the equivalent of an undergraduate major in accounting. Advanced degree options for completing these requirements exist at the University of Wisconsin–Madison. They are:

  1. The IMAcc program in accounting, which leads to a BBA (Bachelor of Business Administration) degree with an accounting major and a Master of Accountancy degree. The BBA is 120 credits and the MAcc is 30 credits in this program. Students who are majoring in accounting apply for admission to this program during the junior year. Those who are admitted to the traditional IMAcc program must complete a required internship during the spring semester of the senior year while those admitted to the accelerated program will complete an internship during the summer between the first and second semester of their MAcc year. Students are encouraged to take the GMAT exam during the summer after their junior year.
  2. Any undergraduate degree with a MAcc degree. The graduate-only master's degree program (GMAcc) does not require an undergraduate major in accounting or in business. There are 54 credits in this program, completed over two years. Students admitted to this program can complete an internship during the summer between the first and second years. The GMAT exam is required for admission.

Students can also satisfy the 150 credit hour requirement by completing the BBA degree with a major in accounting and 30 additional college credits in any area, including a second undergraduate major, or by completing a BBA degree with a major in accounting and an MBA (Master of Business Administration) degree for a total of 156 credits. There is no accounting specialization track in the MBA, so graduate students must major in another area of business. Please consult the Accounting website for additional information.