Undergraduate students studying accounting at the University of Maryland's Robert H. Smith School of Business will learn from world-class faculty in the accounting and information assurance department who deliver a state-of-the-art curriculum. With our Plus 1 program, students have the option to earn their bachelor's and master's degrees in just five years.
Accounting, in a limited sense, is the analysis, classification and recording of financial events and the reporting of the results of such events for the organization. In a broader sense, accounting consists of all financial systems for planning, controlling and appraising the performance of an organization. Among its many facets, accounting includes financial planning, budgeting, accounting systems, financial management controls, financial analysis of performance, financial reporting, internal and external auditing, and taxation.
The accounting curriculum provides an educational foundation for careers in public accounting, management - whether in private business organizations, government or nonprofit agencies - or consulting.
120 credits are required to complete a degree in accounting; however, students seeking to become a Certified Public Accountant (CPA) must meet the certification requirements for the state in which they wish to practice. Per new US Department of Education regulations regarding state licensure disclosure, a determination has not been made as to whether this program meets the requirements for professional licensure in any particular state or territory. Most states, including Maryland, require a minimum of 150 credit hours of college education to fulfill the education requirements to obtain a CPA license. However, many of these states, including Maryland, will allow applicants to take the CPA exam prior to earning 150 credits if they have accumulated 120 credits, earned a degree, and meet specified education requirements. In addition, do not assume the course and credit requirements for the accounting major are sufficient for all states. For details on various states' CPA requirements visit www.nasba.org. See below for suggestions for completing 150 credits.
Please note: The public accounting (CPA) track is the only major track available in accounting at this time.