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Individuals who enjoy using analytical skills, making decisions, and explaining decision outcomes to others should consider the accounting major. Additionally, students who enjoy working with people, are challenged by continuous learning requirements, and have a strong commitment to career advancement may choose to pursue a professional accounting career path.
Accounting majors interview for business, finance or management positions. Other employment possibilities include external auditing, corporate tax and governmental accounting. Specialty areas include environmental accounting, assurance services, financial planning and forensic accounting. Other opportunities include:
- Public accounting (CPA)
- Personal financial planning
- Tax consulting
- Management consulting
- Auditing and accounting for various local, state and federal government agencies
Accounting Courses
AC 2310 Introduction to Accounting I (ACCT 2301) 3 semester hoursThis course introduces the basics of the financial accounting process to provide the student with an informed appreciation of the concepts, principles and practices that produce company financial statements. Prerequisite: MT 1305 or MT 1306 with a minimum grade of C.
AC 2320 Introduction to Accounting II (ACCT 2302) 3 semester hours
This course is designed to improve basic understanding of corporate reporting, and the us of financial and other information for managerial decisions about planning, product and service pricing, and business expansion. (Fall; Spring) Prerequisite: AC 2310 with a minimum grade of C.
AC 3310 Intermediate Accounting I 4 semester hours
Intermediate Accounting I helps students understand, prepare and use financial information. It promotes technical competency in the application of generally accepted accounting principles. (Fall; Spring)Prerequisites: AC 2310 and AC 2320 with a combined GPA of at least 2.5 in the two courses.
AC 3320 Intermediate Accounting II 4 semester hours
Intermediate Accounting II continues the development of technical accounting skills that enable the student to thoroughly comprehend, prepare and analyze financial statements. (Fall;Spring) Prerequisite: AC3310 with a minimum grade of C.
AC 3331 Accounting Information Systems 3 semester hours
An in-depth study of the design and operation of accounting information systems in a computerized environment. Prerequisite: AC 2320 with a minimum grade of C.
AC 3341 Introductory Cost Accounting 3 semester hours
Explores cost accounting as an information system that provides cost information for inventory valuation and income determination, for planning and controlling routine operations, and for facilitating decision making and long-range planning. Topics covered include techniques of estimating and allocating costs in the production of goods and services, job order and process costing, budgeting, standard costs analysis of variance, cost-volume-profit relationships and relevant costs and alternative choice decisions. Prerequisite: AC 2320 with a minimum grade of C.
AC 3350 Business Law 3 semester hours
Study of the policy, rationale and legal concepts of contracts, sales, product liability, commercial paper and securities transactions with emphasis on the Uniform Commercial Code. (Spring) Prerequisite: BA 3351 with a minimum grade of C.
AC3361/QM3360 Enterprise Resource Planning System3 semester hours
This course is intended to explain how fundamental business processes interact using ERP in the functional areas such as Sales and Distribution, Production Planning, Cost and Financial Accounting, and Human Capital Management. Students should gain an understanding of the impact ERP systems have on organizations using SAP as a working example. Prerequisite: QM3330 or AC3331
AC 4100, 4200, 4300 Special Studies in Accounting 1-3 semester hours
A study of selected topics in accounting. Specific subject indicated each time the course is offered. May be used as elective credit and repeated when specific subject changes. Prerequisite: Consent of instructor
AC 4306 Accounting for Governments and Not-for-Profits 3 semester hours
A study of financial accounting concepts and practices for state and local governments and not-for-profit entities such as hospitals, educational institutions and voluntary health and welfare organizations. Prerequisite: AC 3310 with a minimum grade of C.
AC 4330 Auditing 3 semester hours
Emphasizes the concepts associated with performing external audits and other attestation engagements in accordance with generally accepted auditing standards or other appropriate professional attestation standards. (Fall; Spring) Prerequisites : AC 3320, AC 3331 and BA 3351, all with a minimum grade of C.
AC 4350Personal Income Tax 3 semester hours
An examination of the source and application of U.S. tax authority as it relates to individual taxpayers. Various exclusions, deductions, credits and rates are analyzed and illustrated with a view towards tax determination. (Fall; Spring) Prerequisite: AC 2320 with a mnimum grade of C.
AC4355 Tax Research 3 semester hours
A study of the tax materials available and their use in tax research, including the Internal Revenue Code, tax services, case reporters, and treasury publications. Emphasizes understanding and solving tax issues of current importance and the communication of such information. Prerequisites: Personal Incom Tax(AC4350 or equivalent) and Business Income Tax (AC4360 or equivalent).
AC 4360 Business Income Tax 3 semester hours
An examination of the source and application of U.S. tax authority as it relates to corporations (including S Corporations) and their shareholders, partnerships and their partners, and estates and trusts and their beneficiaries. (Fall; Spring) Prerequisite: AC 2320 with a minimum grade of C.
AC4361/QM4361 Financial Modeling and Analysis
This course aids in the understanding and building of end-user applications using Excel and elements of VBA. This course helps expand knowledge of the built-in functions with a focus on financial and statistical needs. Other Excel tools for macros and data analysis will be introduced.
AC 4365 International Accounting and Taxation (same as IB 4365) 3 semester hours
An examination of accounting principles and practices among countries and an overview of taxation of U.S. businesses operating internationally. Emphasis is placed on management decisions associated with accounting and taxation of companies operating in the international environment. (Fall) Prerequisite: AC 2320 with a minimum grade of C.
AC4367/QM4367 Information Systems Controls and Audits3 semester hours
An in-depth study of the techniques, systematic procedures, and tools available for conducting IT audits. Demonstrates the use of audit software to assist in the audit process.
AC 4375 Internship in Accounting 3 semester hours
The opportunity to gain accounting knowledge through experiential activities in professional life. Prerequisites: Consent of the associate dean, faculty supervisor, major advisor and department chairperson, minimum overall grade point average of 2.8 and completion of, with a C or better, AC 3310 prior to enrolling in any accounting internship. Pass/No Pass credit is given. (Fall; Spring; Summer)
The following additional requirements apply:
Accounting majors who earn less than a grade of C in Introduction to Accounting I, Introduction to Accounting II, Intermediate Accounting I, and/or Intermediate Accounting II will be required to retake the course until a grade of C or better is earned. When the accounting course involved is a prerequisite course, a grade of C or better must be earned before the next course may be taken. Accounting majors must have a combined GPA of at least 2.75 in AC 2310 and AC 2320 before enrolling in AC 3310. The Accounting major does not have a foreign language requirement.
For CPA Examination candidates in the state of Texas only: For candidates desiring to sit for the CPA Examination in Texas, the Texas State Board of Public Accountancy requires successful completion of 150 semester hours of college level coursework. The degree requirements for a Bachelor of Business Administration in Accounting will not be sufficient to meet the educational requirements of the Board.
The degree requirements do, however, provide one of the basic requirements for admission to the Master of Business Administration, Professional Accountancy Track, in the Graduate School at St. Mary's University. The degree requirements of that program, in conjunction with the requirements for the Bachelor of Business Administration in Accounting described herein, are sufficient for accounting majors who desire to be educationally qualified to sit for the CPA Examination in the state of Texas. Some of the required graduate courses are offered in the summer only. Students are therefore encouraged to review the requirements of the Master of Business Administration Professional Accountancy Track degree in the St. Mary's University Graduate Catalog.
Degree Plan
Freshman Year
| Fall | Spring |
|---|---|
| EN1311 Rhet and Comp | SMC1314W Founda. Of Reflection: God |
| MT1305 Finite Math | MT1306 Calculus For Business |
| SMC1301 Foundations for Civilizations | SMC1313 Founda. Of Reflection: Others |
| SMC1311 Foundations of Reflection: Self | SMC1312 Found. Of Reflection: Nature |
| BA1310 Introduction of Business | EC2303 Micro Economics |
Sophomore Year
| Fall | Spring |
|---|---|
| SMC2304W Foundations of Pactice: Literature | EN2000 Literature or Comp |
| SMC2303 Foundations of Pract: Fine Arts | MC3320 Communications for Mgmt |
| EC2301 Macro Economics | AC2320 Introduction to Accounting II |
| SMC2302 Found. Of Pract: Civic Engagement | SMC2301W Found. Of Pract: Ethics |
| AC2310 Introduction to Accounting I | Theology 3000 or 4000 |
Junior Year
| Fall | Spring |
|---|---|
| BA3351 Legal Environments of Business | MN3330 Organizational Behavior |
| AC3310 Intermediate I | AC3320 Intermediate 2 |
| AC4350 Personal Tax | AC3341 Cost Accounting |
| QM3320 Business Statistics | QM4330 Operations Management |
| AC3331 Accounting Information Systems | FN3310 Corp Finance |
Senior Year
| Fall | Spring |
|---|---|
| AC4330 Auditing | BA4380 Business Policy and Strategy |
| AC4355 Research in Federal Tax | Business Elective (AC 4375 recommended) |
| MK3310 Principles of Marketing | AC3350 Business Law |
| IB3321W International Business | AC Elective |
| SMC4301 Capstone Seminar | BA4333 Bus Prof Ethics |
Faculty
Suzanne N. Cory, Ph.D.
Professor of AccountingPhone: (210) 431-2040
Email: scory@stmarytx.edu Full Bio Details
M.B.A., University of Nevada, 1977
Ph.D., University of Maryland, 1988
Suzanne N. Cory, Ph.D., is a full professor of accounting. Prior to beginning her academic career, Cory was employed in public accounting. She has extensive academic experience with a teaching speciality in financial accounting. She has taught in several international venues, including Austria, England and Spain.
Her research interests include behavioral and gender issues in accounting and accounting education. Cory has authored and co-authored numerous articles in journals such as "Today's CPA", "The Journal of Accounting Education", "Journal of Business Ethics", "The CPA Journal", "Strategic Finance", "Journal of Business Issues", "The Accounting Educator's Journal", "Southwestern Business Administration Journal", "Entrepreneurial Executive", and "The Review of Business." She has mentored undergraduate students who completed research projects, resulting in professional presentations and peer-reviewed journal publications. In addition to presenting scholarly papers at academic meetings, she is active in the American Accounting Association and is a member of the Texas Society of CPAs.
Gail Kaciuba, Ph.D.
Emil C. E. Jurica Distinguished Professor of AccountingPhone: (210) 431-6700
E-mail: gkaciuba@stmarytx.edu Full Bio Details
C.P.A., Michigan and Illinois, 1979 and 1981(inactive)
M.B.A., University of Illinois at Chicago, 1983
Ph.D., Northwestern University, 1989
Gail Kaciuba taught accounting for nearly ten years before going to graduate school for a Ph.D. in managerial economics and decision sciences from the Kellogg Graduate School of Management at Northwestern University. Despite the game-theoretic Ph.D., she decided she still wanted to teach accounting. She taught at DePaul University's School of Accountancy in Chicago for 13 years before moving to Texas. In Texas, she s taught at Midwestern State University in Wichita Falls, and Texas Tech University in Lubbock. Dr. Kaciuba is now happily settled at the Bill Greehey School of Business at St Mary's University in San Antonio.
After teaching both financial and cost accounting, she began teaching auditing five years ago. Her research areas have spanned ethics, activity-based accounting in health care, game-theoretic analysis of the oil and gas industry (after the move to Texas, of course!), and pedagogical issues. The journals that have published her work include Journal of the American Taxation Association, Issues in Accounting Education, Journal of Accounting Education, Oil and Gas Quarterly, Healthcare Financial Management, and the Journal of Business Ethics. Currently Dr. Kaciuba is on the editorial review board of Issues in Accounting Education. At St. Mary's University, she holds the Emil Jurica Distinguished Professor of Accounting chair and is the AACSB Assurance of Learning Coordinator.
Thomas F. Madison, Ph.D., CPA
Professor Chair of Accounting Department
Phone: (210) 431-4393
Email: tmadison@stmarytx.edu Full Bio Details
B.B.A., Angelo State University, 1989
M.B.A, Angelo State University, 1994
Ph.D., Texas Tech University, 1998
C.P.A.
Tom Madison, Ph.D., CPA, joined the faculty of the Bill Greehey School of Business in 1998. His primary teaching interests are in financial accounting, cost/managerial accounting, and management control systems. Dr. Madison has also been a member of teaching teams with faculty of the St. Mary's graduate program in International Relations for immersion courses in economic development in Nicaragua, Bangladesh, and Bolivia. Dr. Madison is a member of the American Institute of Public Accountants, the National Community Tax Coalition, and serves on the board and is treasurer of Accion Texas-Louisiana, the largest non-profit micro-lender in the U.S. He also coordinates the St. Mary's University Volunteer Income Tax Assistance (VITA) Program. Dr. Madison was the 2003 Distinguished Faculty Member for the Bill Greehey School of Business, the 2009 recipient of the Community Service Award from the St. Mary's Alumni Association, and the 2010 and 2011 recipient of the Community Service Award from the Bill Greehey School of Business.
Suzanne Oliva, J.D.
Visiting Assistant Professor of AccountingPhone: (210) 431-8091
E-mail: soliva1@stmarytx.edu Full Bio Details
J.D., St. Mary's University School of Law, 1996
C.P.A.
Professor Oliva joined the faculty of the Bill Greehey School of Business in 2003 and currently focuses her teaching and research interests in the areas of accounting, business ethics, legal ethics and the legal environment of business. She has also taught Property I, Property II, Insurance Law and Federal Income Taxation at St. Mary's University School of Law.
Prior to earning her J.D., she was an auditor with the public accounting firm of Ernst & Whinney and an accountant with a local medical office. After graduation from law school, Oliva joined the law firm of Oliva, Saks, Garcia & Curiel, LLP, and primarily concentrated her legal practice in the areas of wills, probate, estate planning, family law, and personal injury law and corporate law. She is President-Elect of the Bexar County Women's Bar Association and Foundation and a member of the State Bar of Texas and the San Antonio Bar Association. She is admitted to practice law in the state of Texas, the Federal District Court of the Western District and the United States Supreme Court.
On a personal note, Oliva is an active member of St. Padre Pio Catholic Church and enjoys live theater, sporting events and world travel with her husband, Javier, and four sons.
Mark B. Persellin, Ph.D.
Professor of AccountingPhone: (210) 431-6717
Email: mpersellin@stmarytx.edu Full Bio Details
M.P.A., University of Texas at Austin, 1983
Ph.D., University of Houston, 1987
C.P.A.
C.F.P. ®
Mark B. Persellin, Ph.D., is a specialist in taxation and has made many contributions to the tax field. His articles have appeared in The Accounting Educators' Journal, The Tax Adviser, The CPA Journal, Journal of Taxation, Journal of Corporate Taxation, The Tax Executive and the Journal of American Taxation Association. He is also a contributing author in South-Western Federal Taxation: Corporations, Partnerships, Estates & Trusts.
Prior to coming to St. Mary's University, Persellin worked for Peat Marwick and Mitchell, and taught at Southwest Texas State University, Florida Atlantic University and the University of Houston.
Kent W. Royalty, LL.M.
Emil C. E. Jurica Distinguished Professor of AccountingPhone: (210) 431-2037
Email: kroyalty@stmarytx.edu Full Bio Details
J.D., University of Kentucky, 1979
M.B.A., St. Cloud State University, 1986
LL.M., University of Houston, 1994
C.F.P., 1998 Kent W. Royalty, J.D., is past president of the Southwestern Region of the American Accounting Association and is active in numerous other professional associations. Professor Royalty primarily teaches in the areas of Taxation and Law. He has proviously taught at St. Cloud State University and Eastern Kentucky University. He has also practiced law in Kentucky.
He is an active researcher whose articles have appeared in Journal of Legal Tax Research, The International Journal of Volunteer Administration, Journal of Global Awareness, The International Trade Journal, The Electronic Hallway, The CPA Journal, Trial Lawyers Forum, Business and Tax Planning Quarterly, Business Law Review, Southern Business and Economic Review, Journal of Small Business Management, The Journal of Legal Studies Education, Accounting Perspectives, and Oil and Gas Quarterly.
S. Sam Sedki, Ph.D.
Professor of AccountingPhone: (210) 431-2038
Email: ssedki@stmarytx.edu Full Bio Details
M.S., Kansas State University, 1968
Ph.D., University of Northern Colorado, 1973
C.P.A.
C.M.A.
S. Sam Sedki, Ph.D., joined the faculty of the Bill Greehey School of Business in 1981 as a professor of accounting; he served as chairman of the accounting department for eight years and director of graduate accounting programs for two year. Sedki has held various national and regional positions within the American Accounting Association, twice serving as vice president and program chair. He has been vice president of the Administrators of Accounting Group and is one of the founders of the Management Accounting Section of the American Accounting Association.
He also chaired various committees of the Financial Executives International(FEI), serving as treasurer of FEI (1995-96), secretary (1996-1997), vice president (1997-1998) and president (1998-99). Sedki, author of the Financial Accounting Study Guide, has published in national and regional referred journals and proceedings and is editor of the Journal of the Academy of Business Administration.
Co-recipient of the 1994 Douglass Award for Innovative Teaching, Sedki's teaching interest is in financial accounting, managerial accounting, advanced financial accounting.
