Wisconsin School of Business
Accounting and Information Systems
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 who complete a spring semester internship must complete Acct I S 600 and Acct I S 601 instead of Acct I S 406. IMAcc students who complete a summer internship will still be responsible for completing Acct I S 406 as part of the undergraduate degree requirements and will not enroll in Acct I S 600 and Acct I S 601.
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 who would like to earn their CPA license 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:
- 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 (the program does offer some flexibility with the timing of the internship, as needed.) Students are encouraged to take the GMAT exam during the summer after their junior year.
- 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. There is no accounting specialization track in the MBA, so graduate students must major in another area of business. Students who choose to achieve the 150-credit hour requirements without pursuing a graduate degree are strongly encouraged to review the CPA education requirements of the state in which they plan to be licensed. Many states dictate the number and type of accounting credits required to become CPA eligible. Please consult the Accounting website for additional information.