ACCOUNTING | It’s All in the Details
What sets Baker’s accounting program apart is its real-world approach to teaching. Instead of learning by the textbook, students engage in hands-on work inside and outside the classroom, learning the fundamentals of business and accounting in order to apply what they learn to real-life situations. Our curriculum focuses on rational approaches to business and problem solving and on awareness of business environments. We graduate career-ready business professionals, ready to excel in the competitive business world or to pursue a graduate degree.
Top-class faculty and an innovative curriculum are the hallmarks of Baker’s Business and Economics Department. The department is home to multiple winners of the prestigious Kopke Award for Distinguished Teaching.
A STEP AHEAD
Many schools establish five-year accounting programs, but at Baker, by completing 16 hours per semester, four interterm courses, and 10 hours of internships and summer courses, you can earn your degree in four years.
Accounting majors are encouraged to participate in the BOOK program (Baker Organizational Observation for Knowledge) to enhance their internship experiences. Interns research the organization’s history, mission, structure, products and services, finances, and management.
Practical experience is a core component of any degree, so accounting majors are required to complete one internship while at Baker. We have developed many ongoing relationships with businesses throughout the area that are eager to host Baker interns. A faculty advisor will help you get connected.
LAUREN | Business and Accounting Major, Class of 2016
“Before I came to Baker, I was always a dedicated and focused student. In my three years here, I’ve already completed three internships, including working with Representative Kevin Yoder in Washington D.C., and studied abroad in Italy. I’m both the student body and student senate vice president, president of my sorority, and the founding chair of the College Republicans. Baker has given me so many opportunities already; I can’t wait to see what my senior year has in store for me.”
ANDREW | Accounting Major, Class of 2017
Our accounting majors go on to land the following jobs:
of graduates are employed full time or enrolled in graduate school within six months of receiving their diploma.
R: course can be repeated for credit; P/NC: course graded on a pass/no credit basis
AC 141 – Introduction to Financial Accounting
This course introduces accounting theory and procedure including recording, classifying, reporting, and analysis of financial information. (3 credit hours)
AC 142 – Managerial Accounting I
Managerial accounting principles for planning and control are introduced, including cost-volume profit analysis, responsibility reporting, and standard cost and process costing. Prerequisite: AC 141. (3 credit hours)
AC 351 – Intermediate Accounting I
This course studies the conceptual framework underlying financial accounting and reporting, the preparation of general purpose financial statements, accounting and financial reporting procedures for current and long-term assets and current liabilities, and revenue recognition principles. Prerequisite: AC 141. (3 credit hours)
AC 352 – Intermediate Accounting II
This course builds upon AC 351 by studying accounting and reporting procedures for investments, long-term liabilities, leases, income taxes, and stockholders’ equity transactions. Prerequisite: AC 351. (3 credit hours)
AC 353 – Accounting Information Systems
Integrated applications software is employed to address problems of information management. Skills in building information systems and database management are developed by case studies. Co-requisite: AC 351. (3 credit hours)
AC 354 – Managerial Accounting II
This course will emphasize the use of cost accounting information for making non-routine decisions, long-range planning, and policy making. Topics addressed include pricing decisions, customer profitability analysis, cost and revenue allocation, costs of quality, and transfer pricing. Prerequisite: AC 142. (3 credit hours)
AC 355 – Income Tax
This course provides an introduction to income tax principles emphasizing the role of taxes in making business decisions. Measurement of taxable income for sole proprietorships, partnerships, and corporations is covered along with an overview of individual income taxation. Prerequisite: AC 141. (3 credit hours)
AC 390 – Accounting Internship
This course involves completing an internship of at least 120 clock hours over at least eight weeks in a professional work setting where the student has the opportunity to observe and participate in an organization’s accounting process. The student’s work experience will be under the supervision of a faculty sponsor and will be designed to provide real-world accounting experience. Credit earned in this course will count toward the maximum of 12 hours of internship credit a student may earn during their undergraduate experience at Baker. Prerequisite: AC 141. R ; P/NC (1-3 credit hours)
AC 456 – Advanced Accounting
This course provides an in-depth study of business combinations and the preparation of consolidated financial statements. Other topics include foreign currency transactions, translation of foreign currency financial statements, and accounting for governmental and not-for-profit organizations. Prerequisite: AC 352. (3 credit hours)
AC 457 – Auditing
This course provides an introduction to the auditing process and the role of auditors. Auditing standards and current auditing practices are examined through class discussion and completion of an audit simulation project. Prerequisite: AC 352. (3 credit hours)
AC 458 – Seminar in Accounting Topics
This course examines accounting and tax issues not covered in previous accounting courses. Particular attention is paid to current accounting issues challenging practitioners. Specific topics will vary from year to year as accounting standards evolve to handle a changing business environment. Prerequisites: AC 352 and 355. R (3 credit hours)
- Mildred Hunt Riddle Departmental Recognition Scholarship for Business and Economics
- KPMG-Cecil Miller Scholarship
- Carley M. Upp Memorial Scholarship
- William G. McGowan Scholarship
- Professor Fran Jabara Leadership Awards
- Outstanding First-Year Business Major
- Outstanding Sophomore Business Major
STUDENT LEARNING OPPORTUNITIES
Professor of Business & Economics | martha.harris@bakerU.edu
Martha Harris loves the opportunity to watch students grow and believes teaching is being passionate about student success and helping students find paths in their lives, wherever that they may lead. When not molding the minds of future business leaders, she is a history junky and a hopeless Anglophile.
Office: Constant Hall | 785.594.8338
Associate Professor, Chair of Business & Economics Department | gary.irick@bakerU.edu
Expertise: financial reporting and auditing