Accounting study at UNO provides the skills for many diverse career choices in the accounting field as well as an excellent foundation to pursue CPA and other types of certification. Accounting career options include Auditing and Information Systems, Financial Accounting, Managerial Accounting, and Tax Accounting.
The mission of the UNO Accounting Department is to:
- provide high quality educational programs for students preparing for professional careers in accounting and provide the skills necessary to pursue various professional accounting certifications,
- prepare students who earn both BSBA and MAcc degrees at UNO to meet the Nebraska educational requirements for the CPA exam,
- engage in high quality scholarship through the production of intellectual contributions that are relevant to our discipline, our students, and our community, and
- provide support to our stakeholders.
The UNO Accounting Department is dedicated to providing high quality educational experiences, supported by continual curriculum improvement, and service to students, the College of Business Administration, the employers of students, regional business, government, and non-profit organizations, faculty, and the profession. The Accounting Department has earned specialized accounting accreditation by the AACSB International (Association to Advance Collegiate Schools of Business) for its undergraduate and graduate programs in accounting. This accreditation is in addition to the UNO College of Business Administration’s AACSB business accreditation. Only 179 institutions worldwide hold both AACSB business and accounting accreditation. Information about AACSB accreditation is available at http://www.aacsb.edu/AACSB-Accredited/.
Accounting students have the opportunity to acquire an excellent accounting education from faculty members who use appropriate and varied teaching methodologies and who incorporate the most recent developments in their discipline into the curriculum. Accounting instructors seek to create an environment which maximizes the development of critical skills such as problem solving, analysis, communication and teamwork. Students are strongly encouraged to continue their professional development and to enhance their careers by seeking one or more professional certifications or designations. Well-recognized and valued accounting certifications include the Certified Public Accountant (CPA), the Certified Management Accountant (CMA), the Certified Internal Auditor (CIA), the Certified Fraud Examiner (CFE), and the Certified Information Systems Auditor (CISA).
Nebraska applicants for the CPA Exam are required to have completed at least 150 college semester credit hours. The accounting department offers an integrated 150-hour joint undergraduate-graduate degree program, which enables the student to meet the credit hours requirement to take the CPA Examination while earning both undergraduate (BSBA) and graduate (MAcc) degrees. Students pursuing this option should apply for admission into the MAcc program in their junior year (before enrolling in any specialization elective courses). There is also a separate MAcc degree program. Complete information on the 150-hour joint degree program and the separate MAcc degree program is available online at macc.unomaha.edu or in the UNO graduate catalog. Additional information about the undergraduate accounting program, including links to professional associations and certification resources, is available online at cba.unomaha.edu/acct.
The accounting department does not offer a certificate program. BSBA degree candidates may specialize in accounting, and BSBA degree candidates specializing in other business areas may earn a secondary specialization in accounting. A student who has previously earned a business degree cannot earn a second business degree but may complete an accounting specialization as a second specialization to complement that previous business degree by completing all of the accounting specialization course and GPA requirements (including all necessary course prerequisites). A student who has previously earned a non-business bachelor’s degree and who completes all of the accounting specialization course and GPA requirements does not earn a business degree, an accounting specialization, a secondary specialization, or a certificate in accounting; that student’s transcript lists the courses completed and grades earned.
Career Options in Accounting
Auditing and Information Systems:
The auditing and information systems area is designed for those who want an in-depth understanding of auditing or information systems. Audits of financial statements and internal controls have become much more involved since the passage of the Sarbanes-Oxley Act. Career positions in the auditing and information systems area include financial auditor, internal auditor, governmental auditor, and information systems auditor. In addition, those in management positions in an organization, especially in the accounting and finance areas, benefit from understanding information systems and auditing. Students interested in this area should consider ACCT 4070 and ACCT 4090 as specialization electives and should consider additional elective courses in information systems offered in the College of Information Systems and Technology.
The financial accounting area is designed for those individuals wishing to pursue one of several different career paths. The field of financial reporting deals with reporting to interested parties outside the organization, other than taxing authorities. It includes such career paths as: financial accountant, controller and chief financial officer. Additionally, a strong grounding in financial accounting is necessary to be an effective auditor. Students interested in this area should consider ACCT 4010 and ACCT 4070 as specialization electives and should consider additional elective courses offered by the finance department of the College of Business Administration.
The managerial accounting area is designed for those individuals who see their career directed toward being the controller or chief financial officer of an organization or a management services consultant for a CPA firm. The organization may be a private or public for-profit business, or a not-for-profit entity such as a hospital, charity or governmental unit. The managerial accounting area concentrates on developing and reporting accounting information to assist management in determining and achieving the organization’s objectives. The management accountant is an integral part of the management team and, as such, must understand the operations of an organization to assess which financial and non-financial information is necessary to assist management decision-making. Students interested in this area should consider ACCT 4040 and ACCT 4060 as specialization electives and should consider additional elective courses in finance, management, economics, and information systems.
The field of taxation is a complex and demanding business area. Tax laws are continuously being rewritten and reinterpreted by Congress, the IRS, the Treasury Department and the judicial system. Skilled tax professional must have technical knowledge of taxation as well as a solid background in business principles. Career positions in tax accounting include tax specialist in a CPA firm or in private industry, IRS auditor, or state department or revenue auditor. Additionally, those in managerial positions find that increased tax knowledge often improves business decisions. Students interested in this area should consider ACCT 4010 and ACCT 4040 as specialization electives and should consider additional elective courses in finance, business law, economics, management, and information systems.
Beta Alpha Psi
Beta Alpha Psi (BAP) is an honor society for financial information students and practicing professionals. The primary objective of Beta Alpha Psi is to encourage and give recognition to scholastic and professional excellence. This includes promoting the study and practice of accounting, finance, and information systems; providing opportunities for self-development, service and the association of members with practicing professionals; and encouraging a sense of ethical, social and civic responsibility. Membership into Beta Alpha Psi is based on scholastic achievement.