Knowledge of accounting principles and their applications are fundamental to a career in business. Accounting data are essential for planning, decision making, and control. The practicing accountant is involved in supervising the preparation, interpretation, and reporting of economic data for management operations and the general public.
Careers may be pursued in managerial, government, and public accounting. Management accountants provide information and advice for the purposes of planning and control. Professional public accounting includes auditing, tax work and management advisory services. Most government agencies at local, state, and federal levels provide career opportunities for accountants: the U.S. General Accounting Office and the Internal Revenue Service are just two examples.
Qualified students have the opportunity and are encouraged to take an internship, usually in the spring semester of their junior year, with public accounting firms. Interns work closely with professionals in gaining valuable hands-on experience. Successful interns often receive offers of permanent employment from their intern firms. Our students have interned with firms in Bangor, Portland and Boston.
The State of Maine requires 150 hours of college credit to become a Certified Public Accountants (CPA). Students may take the national CPA exam after graduating with a bachelor’s degree and 30 hours of post-baccalaureate college credit. Aspiring Certified Public Accountants may wish to consider pursuing an MBA Accounting Concentration at the University of Maine after graduation.
Accounting majors are required to take 18 credit hours of accounting beyond the introductory level (BUA 201, BUA 202). The required courses are Intermediate Accounting I & II (BUA 301, 302), Cost Accounting (BUA 305), Federal Taxation of Individuals (BUA 312), Auditing (BUA 310) and one elective (either Advanced Managerial Accounting – BUA 306, or Government & Non Profit Accounting – BUA/PAA 409).
Employers of Recent Graduates Include:
Baker, Newman and Noyes; Berry, Dunn, McNeil & Parker; International Paper; Ernst & Young; Forum Financial Group; Frasier Paper; Hughes Brothers, Inc.; KPMG Peat Marwick; McDonald, Page, & Co.; Maine Department of Transportation; and Price Waterhouse Coopers.
Sample curriculum: Although the following is a suggested curriculum, upper-level accounting classes are offered only once a year. Students should adhere to the sequence of accounting classes.
Note: Accounting Students may take BUA 301 and BUA 302 in their sophomore year if BUA 201 and BUA 202 have been completed successfully. Students anticipating an accounting internship in their senior year should plan their program carefully to free one semester for the full time work.
|Fall Semester||Spring Semester|
|BUA 305 Cost Accounting
BUA 312 Federal Taxation of Individuals
BUA 350 Business Finance
BUA 370 Marketing
ENG 317 Business Writing
|BUA 306 Advanced Managerial Accounting or 409 Accounting for Government
BUA 343 International Business
BUA 337 Production/Operations Mgmt
+ 6 credits
|Fall Semester||Spring Semester|
|BUA 310 Auditing
BUA 449 Strategic Management
|BUA 396 Internship (recommended)
Image Description: Wendy Coons and Students