Faculty 01
Catalog 2013-2014
Coggin College of Business
 

 

Department of Accounting & Finance 

Phone: (904) 620-2630
Web Address:  http://www.unf.edu/coggin/accounting

The Master of Accountancy and Bachelor of Business Administration in Accounting degree programs are separately accredited by AACSB International – The Association to Advance Collegiate Schools of Business. In accounting, approximately 177 institutions have achieved AACSB accreditation at various degree levels.

Mission

The Department of Accounting and Finance of the University of North Florida shares with the University of North Florida and the Coggin College of Business its fundamental mission.

Within UNF’s Department of Accounting and Finance the accounting, finance and financial services programs are committed to providing high-quality undergraduate and graduate instruction, with particular emphasis on accounting, finance and financial services education that serves the needs of Northeast Florida. The faculty is committed to teaching excellence enhanced by research and interaction with the accounting and finance professionals in the broader business community. Specifically, the Department of Accounting and Finance seeks:

To provide Bachelor of Business Administration degrees, which prepare graduates for entry into professional and managerial positions in accounting, finance, and financial services.

To provide a professionally oriented Master of Accountancy degree, which enables career advancement in the accounting profession and the additional accounting coursework necessary to take the Certified Public Accountant (CPA) examination under Florida’s accountancy law.

To provide MBA students seeking to fulfill the CPA requirements the coursework necessary to take the CPA examination under Florida’s accountancy law.

To provide quality undergraduate and graduate instruction in accounting and finance, which prepares students for lifelong learning and success.

To provide intellectual contributions that enhance the delivery of instruction to students, improve the application of existing knowledge, and provide solutions primarily to regional issues. The primary emphasis for intellectual contributions is applied research, followed by instructional research, and pure research.

To provide service, which contributes to meeting the personal, professional, and life-long, learning needs of our students, the University community, the business community, and alumni.

To provide internship and field experience opportunities to departmental students.

To attract and retain quality faculty dedicated to teaching, research and service activities consistent with the goals of the department, college and University.

To pursue continuous improvement in teaching, research and service, the department and its stakeholders will regularly evaluate its mission, objectives and outcomes.

The programs in the Department of Accounting and Finance are designed to provide students with the tools and concepts necessary to practice in the complex professions of accounting, finance, financial services, and real estate. These disciplines are central to the proper understanding and functioning of all sectors of the economy. At UNF, these areas are taught from the viewpoint of the problems they are intended to help solve. Consequently, decision-making implications receive a high priority. Programs of the department are designed to allow the student to pursue a variety of career objectives.

One Course Repeat Rule: The Department of Accounting and Finance enforces the “one repeat rule” for all upper-division courses taught in the department, except FIN 3403 and FIN 4604. This rule applies to any course with a prefix of ACG, FIN, REE, RMI, or TAX. Students who do not successfully complete a course on the first attempt (i.e., earn a grade of D, F, W, WP, or WF) will be granted one chance to repeat the course. Students who do not successfully complete a course with two attempts will not be permitted to register for the course in future semesters.

Accounting Major

The objectives of the BBA in Accounting are:

To attract and retain students from diverse backgrounds with the abilities required for success in accounting careers.

  1. To provide accounting students with analytical, team-building, and technological skills; written and oral communication skills; critical thinking, research and problem solving skills that are necessary for lifelong success in the accounting profession.

  2. To provide exposure to economic, global, political, social, legal, ethical, regulatory, environmental, and technological issues.

  3. To encourage students to become active in professional organizations in accounting and taxation.

  4. To maintain an AACSB accredited undergraduate degree program.

  5. To prepare students to enter quality graduate programs.

  6. To provide students not seeking a graduate degree a means of fulfilling the CPA requirements in Florida.

  7. To provide internship and field experience opportunities to students.

  8. To provide students the opportunity to work with faculty on research projects.

  9. To provide students opportunities for international travel and study.

While the objectives of the various accounting areas of study have several common paths, there is a point where they diverge. Public accountants need more emphasis in the concepts and standards of auditing and financial reporting. Management accountants, serving as controllers, treasurers, and other financial executives need more concentration in the use of accounting data for predicting future costs and income, as well as for evaluative purposes. Governmental accountants need additional emphasis in special accounting methods for non-profit organizations. Internal auditors need to be able to evaluate managerial effectiveness and efficiency

Regardless of their choice, students will be expected to demonstrate a sound liberal arts education so that their accounting studies can be seen in the perspective of the broader purposes of the organization that employs them, of society’s economic, social and cultural institutions, and of their own life goals. 

Accounting Curriculum
Finance Major

 The shared objectives of the BBA in Finance and the BBA in Financial Services are:

  1. To attract and retain students from diverse backgrounds with the abilities required for success in finance careers.

  2. To provide finance students with the skills necessary for success in the finance profession, including analytical, team-building, and technological skills; written and oral communication skills; critical thinking, research and problem-solving skills that are necessary for lifelong success in the finance field.

  3. To provide exposure to global, political, social, legal, ethical, regulatory, environmental, and technological issues.

  4. To encourage students to become active in professional organizations in finance.

  5. To provide internship and field experience opportunities to students.

  6. To provide students an opportunity to work with faculty on research projects.

  7. To provide students opportunities for international travel and study.

The major in finance is designed to develop an understanding of the financial aspects of the contemporary economy, the operation of financial institutions, and the financial management of business operations. The program offers three primary focuses.

 Option 1: Corporate — emphasizes financial management of the firm and focuses on financial analysis, planning, control, and formulation and implementation of corporate financial strategy. The objective of this option is to prepare students for careers as financial managers of corporations or other for-profit or non-profit organizations.

 Option 2: Investments — emphasizes security and portfolio analysis, the trading and creation of the various instruments within the markets, and the management of assets and liabilities. The objective of this concentration is to prepare students for careers as financial analysts and to begin the preparation of students for the Level I test of the Certified Financial Analysis (CFA) designation.

 Option 3: Real Estate — prepares students for careers in the diverse field of real estate. The program is designed to acquaint students with real estate brokerage, management, appraisal, acquisition, lending, and development with particular emphasis on real estate appraisal, finance, and investment.

The selection of courses for the major in finance should be arranged by students with their academic advisor in conformance with the general requirements outlined below. FIN 3403 and FIN 3233 should be the first two finance courses taken. It is incumbent upon students to plan their courses with the semester in which they are normally offered. Requests for course substitutions in order to graduate without required concentration courses will rarely be granted. Students are warned not to delay taking their finance courses because of prerequisites and limited course offerings.

Finance Curriculum

Financial Services Major

The shared objectives of the BBA in Finance and the BBA in Financial Services are:

  1. To attract and retain students from diverse backgrounds with the abilities required for success in finance careers.

  2. To provide finance students with the skills necessary for success in the finance profession, including analytical, team-building, and technological skills; written and oral communication skills; critical thinking, research and problem-solving skills that are necessary for lifelong success in the finance field.

  3. To provide exposure to global, political, social, legal, ethical, regulatory, environmental, and technological issues.

  4. To encourage students to become active in professional organizations in finance.

  5. To provide internship and field experience opportunities to students.

  6. To provide students an opportunity to work with faculty on research projects.

  7. To provide students opportunities for international travel and study.

The major in financial services is designed for the student who is interested in a career in the dynamic financial services sector which includes personal financial planning, banking, insurance, and related areas.

 Financial Planning Concentration: This concentration integrates finance, accounting, employee benefits, and insurance. The objective is to prepare students for careers in the growing fields of financial services and financial planning. This concentration also emphasizes communication skills. The curriculum is designed to prepare students for the examinations leading to professional designations such as Certified Financial PlannerTM (CFP TM) and Chartered Financial Consultant (ChFC).

The selection of courses for the major in financial services should be arranged by students with their academic advisor in conformance with the general requirements outlined below.

The requirements for a major in financial services are:

  1. Prerequisites for Coggin College of Business:
    60 lower-level credit hours from an approved institution (See accounting curriculum for complete details).

  2. Requirements to earn the bachelor of business administration degree with a major in financial services are:

CFPTM and Certified Financial PlannerTM are certification marks owned by the Certified Financial Planner Board of Standards, Inc. These marks are awarded to individuals who successfully complete the CFP Board’s initial and ongoing certification requirements.

Financial Services Curriculum