Accounting

Studying accounting opens up a world of professional possibilities. And, at Murray State University, our accounting program offers plenty of opportunities for you to get ahead in the business realm. Pursue any of our three tracks — finance, financial planning or information systems — and begin your future career today.

Undergraduate programs

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Area in Accounting

Course Work BSB Hours BAB  Hours
University Studies Requirement 38 44
Business Core Requirements
41 41
Note: ACC 308 (Accounting Systems) must be taken in lieu of BUS 355 (Information Systems and Decision Making) in the core.    
Required Accounting Courses:
20 20
ACC 202 Financial Accounting Lab (1 hr.)
ACC 300 Intermediate Accounting I (3 hrs.)
ACC 301 Intermediate Accounting II (3 hrs.)
ACC 302 Federal Income Tax (3 hrs.)
ACC 303 Cost Accounting (3 hrs.)
ACC 506 Principles of Auditing and Assurance Services (3 hrs.)
ACC 507 Professional Issues (1 hr.)
ACC 500 Advanced Accounting (3 hrs.)
   
Required Limited Electives (Select two of the following):
6 6

ACC 501 Accounting for Governmental and Nonprofit Entities (3 hrs.)
ACC 502 Advanced Income Tax (3 hrs.)
ACC 503 Advanced Cost Accounting (3 hrs.)
BUS 540 Legal Obligations of Business (3 hrs.)

   
Upper-Division Business Electives* 3 0
Unrestricted Electives* 12 9
Total Curriculum Requirements* 120 120
* Important Notes:
  1. BUS 355 and ACC 490 will not count as upper-division business electives. Other accounting courses that are 500 level or above will count as upper-division business electives.
  2. Students must have a cumulative grade point average of 2.00 or higher in all 300 level and above accounting courses to meet graduation requirements.

Area in Accounting - Information Systems Option

Course Work BSB Hours BABHours
University Studies Requirement 38 44
Business Administration Core Requirements
41 41
Note: ACC 308 (Accounting Systems) must be taken in lieu of BUS 355 (Information Systems and Decision Making) in the core.    
Required Accounting Courses:
20 20
 ACC 202 Financial Accounting Lab (1 hr.)
ACC 300 Intermediate Accounting I (3 hrs.)
ACC 301 Intermediate Accounting II (3 hrs.)
ACC 302 Federal Income Tax (3 hrs.)
ACC 303 Cost Accounting (3 hrs.)
ACC 506 Principles of Auditing and Assurance Services(3 hrs.)
ACC 507 Professional Issues (1 hr.)
ACC 500 Advanced Accounting (3 hrs.)
   
Required Accounting Electives (Select two of the following: 6 6
ACC 501 Accounting for Governmental and Nonprofit Entities (3 hrs.)
ACC 502 Advanced Income Tax (3 hrs.)
ACC 503 Advanced Cost Accounting (3 hrs.)
BUS 540 Legal Obligations of Business (3 hrs.)
   
Other Required Information Systems Courses:
9 9
 CSC 101 Introduction to Problem Solving Using Computers (3 hrs.)
CSC 232 Visual Basic Programming I (3 hrs.)
CIS 317 Principles of Information Systems Analysis and Design (3 hrs.)*
   
Unrestricted Electives: 3 0
Limited CSC, FIN, EES, or MKT Elective* (3 hrs.) 3 3
Total Curriculum Requirements* 120 123
* Important Notes:
Students must have a cumulative grade point average of 2.00 or higher in all 300 level and above accounting courses to meet graduation requirements.

Area in Accounting - Finance Option

Course Work BSB  Hours BAB Hours
University Studies Requirement 38 44
Business Administration Core Requirements
41 41
Note: ACC 308 (Accounting Systems) must be taken in lieu of BUS 355 (Information Systems and Decision Making) in the core.    
Required Accounting Courses:
20 20

ACC 202 Financial Accounting Lab (1 hr.)
ACC 300 Intermediate Accounting I (3 hrs.)
ACC 301 Intermediate Accounting II (3 hrs.)
ACC 302 Federal Income Tax (3 hrs.)
ACC 303 Cost Accounting (3 hrs.)
ACC 506 Principles of Auditing and Assurance Services(3 hrs.)
ACC 507 Professional Issues (1 hr.)
ACC 500 Advanced Accounting (3 hrs.)

   
Required Accounting Electives (Select two of the following):
6 6
ACC 501 Accounting for Governmental and Nonprofit Entities (3 hrs.)
ACC 502 Advanced Income Tax (3 hrs.)
ACC 503 Advanced Cost Accounting (3 hrs.)
BUS 540 Legal Obligations of Business (3 hrs.)
   
Required Finance Electives:
12 12
FIN 332 Financial Management (3 hrs.)
Finance Electives (9 hrs)
   
Unrestricted Electives 3 0
Total Curriculum Requirements* 120 123

* Important Notes:

  1. ACC electives must be 500 level or above courses.
  2. FIN electives must be 300 level or above and cannot include FIN 488, FIN 489, FIN 505 and FIN 595.
  3. Students must have a cumulative grade point average of 2.00 or higher in all 300 level and above accounting courses to meet graduation requirements.

Area in Accounting - Financial Planning Option

Course Work BSB Hours BAB Hours
University Studies Requirement 38 44
Business Administration Core Requirements 41 41
Note: ACC 308 (Accounting Systems) must be taken in lieu of BUS 355 (Information Systems and Decision Making) in the core.    
Required Accounting Courses:
20 20
 ACC 202 Financial Accounting Lab (1 hr.)
ACC 300 Intermediate Accounting I (3 hrs.)
ACC 301 Intermediate Accounting II (3 hrs.)
ACC 302 Federal Income Tax (3 hrs.)
ACC 303 Cost Accounting (3 hrs.)
ACC 506 Principles of Auditing and Assurance Services(3 hrs.)
ACC 507 Professional Issues (1 hr.)
ACC 500 Advanced Accounting (3 hrs.)
   
Required Accounting Electives (Select two of the folowing):
6 6
ACC 501 Accounting for Governmental and Nonprofit Entities (3 hrs.)
ACC 502 Advanced Income Tax (3 hrs.)
ACC 503 Advanced Cost Accounting (3 hrs.)
BUS 540 Legal Obligations of Business (3 hrs.)
   
Required Finance Courses:
12 12
FIN 331 Principles of Insurance (3 hrs.)
FIN 333 Principles of Investment (3 hrs.)
AFIN 336 Employee Benefits and Retirements (3 hrs.)
FIN 338 Estate Planning (3 hrs.)
   
Unrestricted Electives: 3 0
Total Curriculum Requirements* 120 123

* Important Notes:

Students must have a cumulative grade point average of 2.00 or higher in all 300 level and above accounting courses to meet graduation requirements.

Accounting Minor

Course Work Hours
Required Courses:
10
 ACC 200 Principles of Accounting I (3 hrs.)
ACC 201 Principles of Accounting II (3 hrs.)
ACC 202 Financial Accounting Laboratory (1 hrs.)
ACC 300 Intermediate Accounting I (3 hrs.)
 
Required Accounting and Business Electives:
12
Note: These electives must include 9 semester hours of accounting in courses other than ACC 304, ACC 489, and ACC490, and a business elective (3 hrs.). Also, six hours must be upper-level courses completed at Murray State University.*  
Total Minor Requirements 22

* Important Notes:

  1. Accounting courses cannot be used toward this minor and also in another business program. Students pursuing more than one degree option in business must substitute other business and accounting courses (approved by the Accounting Department Chair) for ACC 200 and ACC 201 or any other common courses.
  2. Students must have a cumulative grade point average of 2.00 or higher in all 300 level and above accounting courses to meet graduation requirements.

Graduate program

Master of Business Administration - Accounting option

The MBA Accounting Option curriculum requirements are divided into three parts:

  1. foundation courses,
  2. undergraduate accounting courses, and
  3. graduate courses.
Courses Hours
I. Foundation Courses1)  
Level I:
ACC 490 Survey of Accounting
(or ACC 200 Principles of Accounting I and ACC 201 Principles of Accounting II)
ECO 500 Foundations of Economic Analysis
(or ECO 230 Principles of Macroeconomics and ECO 231 Principles of Microeconomics)
MAT 220 Business Calculus
 
Level II:
BUS 355 Information Systems and Decision Making2)
FIN 330 Principles of Finance
MGT 350 Fundamentals of Management
MKT 360 Principles of Marketing
 
Level II:
CIS 443 Business Statistics III3)
 
II. Undergraduate Accounting Courses  
ACC 300 Intermediate Accounting I
ACC 301 Intermediate Accounting II
ACC 302 Federal Income Tax
ACC 303 Cost Accounting
ACC 506 Principles of Auditing and Assurance Services
 
III. MBA Courses 30

CIS 653 Management Science for Managerial Decision Making
ECO 625 Managerial Economics
FIN 602 Corporate Finance
MGT 651 Seminar in Organizational Behavior
MGT 656 Seminar in Strategic Management
MKT 667 Marketing Planning and Application

 

Limited Electives

12
ACC 600 Advanced Accounting (3 hrs.)
ACC 601 Accounting for Governmental and Nonprofit Entities (3 hrs.)
ACC 602 Advanced Income Tax (3 hrs.)
ACC 603 Advanced Cost Accounting (3 hrs.)
ACC 605 Corporate Governance and Accounting Ethics (3 hrs.)
ACC 606 Auditing Theory and Practice (3 hrs.)
ACC 608 Seminar in Accounting Information Systems (3 hrs.)
ACC 609 Issues in Corporate Financial Reporting (3 hrs.)
BUS 640 Commercial Transactions (3 hrs.)
 


Important Notes for Foundation courses:

  1. All foundation courses must be completed by the time a student finishes 15 hours of graduate course work.
  2. A student with a weak background in computers should take CSC 199 before enrolling in BUS 355 or ACC 308. (BPA 355 was formerly listed as CIS 445.)
  3. A student with a weak background in statistics may prefer to enroll in CIS 243 and/or CIS 343 before enrolling in CIS 443.

 Important Notes for MBA courses:

  1. All electives must be selected with the approval of the MBA director.
  2. No foundation course may be used as an MBA elective.

Careers

The department works closely with the Career Services Office at Murray State to provide assistance to our students throughout all stages of the job search process. Possible careers: 

  • Auditor
  • Budget Analyst
  • Certified Public Accountant (CPA)
  • Controller
  • Financial Analyst
  • Forensic Accountant
  • Government Accountant
  • Manager
  • Personal Financial Advisor
  • Tax Professional

Contact

Leigh Johnson
Leigh Johnson
Professor and Chair
Department of Accounting
132 Business Building
Murray State University
Murray, KY 42071
ljohnson1@murraystate.edu
270.809.7014

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