accounting major

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Prospective Undergraduates

Campus 2006

Excellence in Accountancy
It's all about the numbers!

2800+ accounting alumni
25% of active students volunteer for the Volunteer Income Tax Assistance Program
70+ accounting alumni with partner status
98% education satisfaction rating
Top 10 in the nation Uniform CPA exam score (Peter Wick '05, Elijah Watt Sells Award recipient)
Rated as a Top 10 school with high pass rates for first time CPA Exam takers
50% increase in accounting students since 200

Career Opportunities

public accounting firms provide accounting, auditing, taxation and management advisory services
manufacturing and other industries as managerial accountants which accumulate, analyze, interpret and communicate financial information used by management, and prepare financial reports for non- management groups such as shareholders, creditors, regulatory agencies and tax authorities
local or state government units to administer funds in accordance with legislative mandates and are responsible for information systems and the accounting procedures
health care industry has the need for accounting and financial expertise due to significant changes that have occurred in Medicare reimbursement of hospital services

acct team
(The Accounting Team)

Professional Examinations

CMA Certification

Professional recognition as a management accountant can be obtained by passing the examination required for a Certificate in Management Accounting (CMA).

The CMA exam consists of four parts:

Economics and business finance
Management reporting and behavior, including ethical considerations
Financial reporting standards, auditing and taxes
Decision analysis, including information systems.

Students are eligible to apply to take the CMA exam during their (graduating) senior semester, and are also eligible to receive a 50 percent discount on the exam fee.

CPA Certification

Under Wisconsin state law, any individual who practices public accounting, including auditing financial accounting records and preparing of accounting reports which are made public, must be licensed as a Certified Public Accountant (CPA). In Wisconsin, to sit for the exam after the year 2000, the candidate must have 150 semester hours of education, an accounting concentration and a minimum of a bachelor's degree.

The CPA exam (150 hour requirement) has four sections:

Management, tax and government reporting
Financial accounting and reporting
Auditing
Business law

Wisconsin also has a three-year practice requirement which must be met before a certificate is granted. This experience must include one and one-half years at a level where an individual is responsible for independent decisions.