Accounting

The U.S. Bureau of Labor Statistics estimates an 11% growth rate in accounting and auditing jobs between 2014 to 2024, faster than the average for all occupations. This growing, global market needs skilled, educated leaders. Nichols’ accounting faculty consists entirely of certified public accountants (CPA). They have extensive professional accounting experience and are passionate about training students to excel in corporate, government, and nonprofit environments.

Our accounting department keeps up with developments in the field, from forensic accounting and new regulations and requirements to changing international accounting standards. Our active network of successful accounting alumni provides crucial internship and employment opportunities to our students.

Leading the Way

Emily Widdison ’13 The Hartford Group, Financial Analyst

While interning at The Hartford Group, I worked on financial reporting for the Securities and Exchange Commission filing and presenting a capstone project on General Liability. I interviewed for and received a full time job offer in the Financial Leadership Development Program. Nichols helped me prepare for this through classes with actual case studies and other communication classes. As a result, I was able to conduct business meetings with Vice Presidents and executives in the General Liability sector of the company.

Kate Dyson ’12 PriceWaterhouseCoopers, First Year Associate

Compared to other schools, Nichols prepared me very well for interviewing and helped me have the confidence to enter an interview prepared and poised. In addition, since my job at PWC is team-based, the number of in-class group projects taught me how to work in groups and fill different roles within that group.

Courses & Requirements

Accounting majors must complete 121 credit hours (approximately 40 courses), including courses from the foundation and business core curricula, focused electives and these required accounting specialization courses:

Required Courses

ACCT 241 Intermediate Accounting I

An intensive course designed to broaden and strengthen the foundation laid in the introductory courses. Accounting principles are analyzed and applied in the preparation of financial statements, utilization of time value of money concepts, and examination of cash, short-term investments, receivables, and inventories. Includes computer applications.

Prerequisite: ACCT-238.

ACCT 242 Intermediate Accounting II

A continuation of ACCT 241. Topics include current liabilities and contingencies, long-term assets, long-term debt, and owner?s equity. Requires computer usage.

Prerequisite: ACCT-241. ACCT-238 Required

ACCT 341 Intermediate Accounting III

A study of complex accounting topics and analytical procedures. Topics include revenue recognition, accounting for investments, pensions, leases, and income taxes; accounting changes, errors, incomplete records, and analysis of cash flows. Computer usage is integrated.

Prerequisite: ACCT-242. ACCT-241 Required

ACCT 342 Advanced Accounting

In-depth study of complex entities including partnerships, branch accounting, mergers, consolidations, foreign currency translations, and international financial reporting standards. Requires computer usage.

Prerequisite: ACCT-341. ACCT-242 Required

ACCT 343 Cost Accounting

Students analyze cost behavior, accumulation and allocation concepts in job and activity based costing and process costing systems. Students also examine estimated cost systems; budgetary control with standard costs; and cost and profit analysis for decision-making purposes. Computer usage is integrated.

Prerequisite: ACCT-238.

ACCT 402 Federal Taxes

This course is intended to make the student aware of the major tax issues that influence decision-making by businesses and individuals. Specific topics include tax planning, income determination, capital vs. ordinary income, the deductibility of expenses, and the tax implications of various forms of business entities.

Prerequisite: FIN-203.

ACCT 404 Auditing

A course designed to give the accounting student an understanding of auditing theory. Topics include generally accepted auditing standards, audit reports, professional ethics, fraud auditing, internal control, and sampling and evidence-gathering techniques.

Prerequisite: ACCT-242. ACCT-241 Required

ACCT 480 Accounting Seminar

This course gives the student an understanding of accounting for non-profit organizations and governmental entities. Special attention is placed on reporting requirements and government oversight.

Prerequisite: ACCT-404. ACCT-242 Required

Electives

Accounting offers no elective courses.

Faculty

  • John Armstrong

    John Armstrong
    Professor of Accounting and Finance / Accounting Program Chair

  • Marcia Behrens

    Marcia Behrens
    Associate Professor of Accounting / General Business Program Chair

  • Melanie Fleming

    Melanie Fleming
    Assistant Professor of Accounting

  • Richard DesRoches

    Richard DesRoches
    Visiting Professor of Accounting

  • No photo available

    Bryant Richards
    Associate Professor Accounting and Finance