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Undergraduate

MAJOR IN ACCOUNTINGAccounting Brochure

The undergraduate curriculum consists of 24 credit hours of Accounting and 3 credit hours of Business Law beyond the Business Core requirements.  All courses must be taken within the current pre-requisite structure.

The following courses are required:

ACC 301  Cost Accounting
ACC 311  Intermediate Accounting I
ACC 312  Intermediate Accounting II
ACC 406  Accounting Systems
ACC 402  Auditing
ACC 403  Fundamentals of Taxation
ACC 404  Advanced Taxation
ACC 411  Advanced Accounting
BSL 401  The Law of Financial Transactions 


To continue as an accounting major, a student must have a minimum cumulative GPA of 3.0 in accounting courses before enrolling in ACC 312. All subsequent coursework specific to the accounting major area of specialization, including ACC 312, must be completed with a grade "C-" or better. 

MINOR IN ACCOUNTING

The Department of Accounting allows business students to earn a minor in Accounting. The Accounting minor is not available to non-business students.

In addition to the general requirements for all business minors, business students wishing to minor in Accounting must complete the following 9 credit hours of coursework in accordance with the current pre-requisite structure, which includes completion of ACC 211 and ACC 212:

The following courses are required:

ACC 301  Cost Accounting
ACC 311  Intermediate Accounting I
ACC 312  Intermediate Accounting II

FREQUENTLY ASKED QUESTIONS

What is accounting? What do accountants do?

Accounting is the way in which businesses record transactions. It is central to the activities and management of all businesses, its terminology and rules are so essential that anyone wishing to have a career in the business world must have an understanding of accounting. Explore the following link for more information on what accountants do. Career Paths in Accounting

What career opportunities are available if I get an accounting degree?

A bachelor's degree in accounting can lead to many career paths; while the emphasis is on accounting, you will take business classes in all aspects of the business world. Graduates of our Accounting program find employment in public accounting firms, private companies, and in government and non-profit organizations. As part of the management teams in these organizations, accountants provide information and advice for planning and controlling operations and strategies.

In public accounting, professionally trained students provide audit, tax, systems, consulting, and financial service expertise. If you wish to pursue a career as a CPA, you may want to look into  either the Master of Accounting  (MAcc)  or the Master of Science in Taxation (MST). These programs will allow you to satisfy the education requirement for becoming a CPA and can open up more doors in the accounting field. The Department of Accounting also offers two specialized programs leading to a Master of Accounting or Master of Science in Taxation (MST).  These programs are the Accelerated Masters of Accounting Program and the Five Year Accounting Program with a Senior Spring Internship.  Additional information is available under Graduate programs. Explore the following links for more information on career opportunities in accounting.
Accounting: A Career Without Limits
What Makes a Great CPA?
Tax Careers for CPAs
Landing a Job as a CPA

What are the educational requirements to sit for the CPA exam in Florida and where can I find additional information on this?

Most of our students intend to become qualified as Certified Public Accountants (CPA). While the CPA exam is a national exam administered by the American Institute of Certified Public Accountants, its execution and CPA licensing practices are governed by state law. For example, some states require a certain number of credit hours in particular subjects and have overall accounting and business credit hour requirements. As such, you should check with the state in which you intend to practice to determine what the specific course requirements are for that state. Note: Our department is unable to make a determination of your eligibility to sit for the CPA exam. This can only be done by the appropriate state board. The licensure requirements for the State of Florida can be viewed at:http://www.myfloridalicense.com/dbpr/cpa/licensure.html

For your convenience, the Florida rules that apply to most individuals are summarized here. Please check the State of Florida website noted above for updates and rules which may apply in particular circumstances.

As of July 1, 2008 the Florida State Board of Accountancy (BOA) separated the requirements to become a Certified Public Accountant (CPA) into two parts:

  1. the requirements to be eligible to take the CPA exam and
  2. the requirements for licensure to practice as a CPA in Florida.

General information on the CPA exam can be found at http://www.aicpa.org/BecomeACPA/Pages/BecomeaCPA.aspx

For information on educational requirements to sit for the CPA exam in other states visit the NASBA site at https://nasba.org/stateboards/

Do you offer graduate programs that will provide the educational requirements necessary to sit for the CPA exam?

Yes. The Department of Accounting’s Master of Accounting (MAcc) and Master of Science in Taxation (MST)  will satisfy the educational requirements for the CPA exam in Florida.. While the programs  are similar in that they offer an opportunity to concentrate in accounting, they differ in degree of specialization and career path orientation. For more information on either program, click on the link for our Graduate programs.

The Department of Accounting also offers two specialized programs leading to a Master of Accounting (MAcc) or Master of Science in Taxation (MST).  These programs are the Accelerated Masters of Accounting Program and the Five Year Accounting Program with a Senior Spring Internship.  For more information on either of these specialized graduate programs, click on the link for our Graduate Programs.

Are there any other professional certifications for accountants?

Yes there a number of professional certifications that students may want to pursue instead of or in addition to the Certified Public Accountant (CPA).  Some of the more prominent certifications are as follows:

Certified Financial Planner (CFP)

Information on becoming a CFP can be obtained at www.cfp.net/become/Steps.asp

Certified Fraud Examiner (CFE)

Information on becoming a CFE can be obtained at www.cfenet.com.

Certified Internal Auditor (CIA)

Information on becoming a CIA can be obtained at www.theiia.org.

Certified Management Accountant (CMA) and Certified Financial Management (CFM)

Information on becoming a CMA or a CFM can be obtained at www.imanet.org.

Links to other certifications can be found at http://www.taxsites.com/certification.html

Do you provide any assistance on-campus with career planning and job placement?

Yes. The Department of Accounting offers a series of programs to our students designed to assist with career planning and placement.  These programs take place in the months leading up to the fall on-campus recruiting season and include the following:

  • Accounting Firm Panel Event (Audit, Tax and Business Advisory)
  • Resume Writing and Interviewing Skills Workshop
  • Mock Interview Session and Networking Reception
  • Accounting Career Fair and Networking Reception

The Department of Accounting also provides students with career advice, assistance with resume critiques and guidance on internship and full-time placement opportunities.  Students are also encouraged to visit the Toppel Career Center for additional assistance with career planning as well as information on part-time, full-time, and internship opportunities.

During the fall and spring recruiting seasons, local, national, and global businesses participate in on-campus recruiting.  Representatives from these firms meet with students and conduct on-campus interviews.  These firm professionals also volunteer their time to participate in the recruiting programs referred to above.  During the annual Accounting Career Fair our students are recruited by over 35 local and global public accounting firms and businesses.  A networking reception hosted by The Department of Accounting takes place after the Accounting Career Fair and provides students with a fantastic opportunity to network with firm professionals and prospective employers offering internship and full-time positions.

Below are some of the public accounting firms and companies that recruit our students:

·         Alvarez & Marsal Taxand, LLC

·         Andersen Tax LLC

·         BDO USA LLP

·         Berkowitz Pollack Brant

·         Cherry Bekaert LLP

·         Crowe Horwath LLP

·         Deloitte LLP

·         Dycom Industries, Inc

·         EY LLP

·         Goldstein Schechter Koch, P.A.

·         Grant Thornton LLP

·         Hernandez & Company CPA's

·         HLB Gravier, LLP

·         Kaufman Rossin

·         KPMG LLP

·         Lennar Corporation

·         Mallah Furman CPA's

·         Marcum LLP

·         MasTec  Inc

·         MBAF LLC

·         NextEra Energy

·         PwC LLP

·         RSM US LLP

·         Royal Caribbean Cruise Lines Ltd.

·         University of Miami - Audit and Advisory Services

·         Univision

·         Verdeja De Armas & Trujillo, LLP

·         Vizcaino Zomerfeld, LLP 

Does the University of Miami have an accounting honorary fraternity?

Yes. Beta Alpha Psi is an honorary organization for students majoring in accounting, finance, or information systems. Beta Alpha Psi was founded in 1919; there are now more than 200 chapters at universities nationwide with over 300,000 members. The primary objective of Beta Alpha Psi is to encourage and give recognition to scholastic and professional excellence in the business information field. This includes promoting the study and practice of accounting; providing opportunities for self-development, service and association among members and practicing professionals; and encouraging a sense of ethical, social, and public responsibility. Beta Alpha Psi has a full schedule of events during the fall and spring semesters where the public accounting firms and other businesses present to its members.  These meetings provide a unique opportunity for our studnets to network with professionals and begin to develop relationships before the recruiting and placement process begins.  We encourage our students to join this organization when they are sophomores.

The Beta Alpha Psi Faculty Advisor at the University of Miami is Jacklyn Collins J.Collins3@umiami.edu.

Do you offer any online classes?

We do not offer online classes for the undergraduate degree.  However, we do offer a Master in Professional Accounting (MPrA) degree online that is designed primarily for candidates with a non-accounting undergraduate degree.  

For more information, please visit the website.

If I want to take an accounting course at another university and transfer credit for that course to the University of Miami, what information do I need to provide to get approval for the course?

Students must demonstrate that the course they plan to take is similar, in all respects, to the course as taught at the University of Miami. Students must provide a complete syllabus and a photocopy of the detailed table of contents of the textbook used (unless it is the same textbook currently used at the University of Miami). The syllabus should be reviewed by either the Chairperson of the Department of Accounting or the professor who teaches the course at the University of Miami. Please note that a candidate for a bachelor’s degree must earn the last 45 credit hours consecutively in degree-seeking status in residence at the University of Miami’s School of Business.

COURSE DESCRIPTIONS

For a full list of courses and descriptions, please click here.  

    School of Business Administration
    P.O. Box 248027, Coral Gables, Florida 33124-6520
 
 
TEL: 305-284-4643
FAX: 305-284-6526
 
GRADUATE: 305-284-2510
UNDERGRADUATE: 305-284-4641