Accountancy

SCHOOL OF PROFESSIONAL ACCOUNTANCY

B.S. in Accountancy


Earn your Bachelor of Science in Accountancy prepare yourself for a career in the fields of accountancy, taxation, and business services.

Founded in 1974, LIU Post’s School of Professional Accountancy holds the proud distinction of being the first independent school of professional accountancy in the nation.

Learn from faculty members who are proven pioneers in their field and bring real-world experience into the classroom, and study curriculum that incorporates the latest technology and software applications in the digital accounting and taxation fields.

Network with NYC’s leading firms through our extensive internship program, and meet accounting professionals face-to-face during our campus events. Our graduates are recruited by the “Big Four” global accounting firms as well as international, national, regional, and local accounting firms, corporations, and government agencies.

Check out the LIU Post Undergraduate Bulletin to learn about degree requirements, course descriptions, and more.

Admissions Requirements

  • Incoming freshmen must have a solid B average (3.0 or 82-85 grade point average) and an average SAT of 1000 (Critical Reading and Math combined) or ACT Composite of 20 or above.
  • Transfer students must have completed more than 24 college credits. A minimum college G.P.A. of 2.0 is required for application review. If you have completed fewer than 24 credits, you must also submit high school transcripts and SAT/ACT scores.
SUBMITTING AN APPLICATION FOR ADMISSION

All applicants can apply for admission to LIU Post at My LIU or by using the Apply Now button in the upper right-hand corner of this page. For more information on the application process, visit the Admissions Office home page.

Course Description

ACC 11 Accounting Principles I

This course presents an introduction to fundamental financial accounting principles, concentrating on identifying, recording, and communicating the economic events of a business organization. This course studies the theory and practice of accounting. Topics covered during the semester include the balance sheet, income statement, and principles required to understand financial accounting systems.
Every Semester, 3 credits

ACC 12 Accounting Principles II

This course is the second in the accounting principles sequence. The first part of the course focuses on partnerships and the corporate form of business organization, including financial statement analysis and cash flow statements. Students are then introduced to managerial accounting concepts and how they can be used in fostering internal business decision-making. Information concerning the behavior of costs, profit planning, and budgeting is analyzed to enhance meaningful comprehension of managerial accounting.
Prerequisite of ACC 11 is required
Every Semester, 3 credits

ACC 21 External Reporting II

This course focuses on the preparation and analysis of financial information for users external to the organization. Topics include the accounting cycle; income measurement, cash, receivables, inventories, operational assets, investments, and preparation of financial statements. Pronouncements of the AICPA, FASB, and SEC are an integral part of the course.
Prerequisite of ACC 21 is required
Fall, 3 credits

ACC 22 External Reporting II

This course is a continuation of ACC 21 External Reporting I. This course is an in-depth study of the underlying concepts, measurement, analysis, and interpretation of financial information for external users. Topics include long-term liabilities, investments, stockholder's equity, earnings per share, leases, pensions, cash flow statements, accounting errors and changes, and deferred income taxes. Pronouncements of the AICPA, FASB, and SEC are an integral part of the course.
Prerequisite of ACC 21 is required
Spring, 3 credits

ACC 61 Managerial Cost Analysis

This course provides an in-depth understanding of the theory and concepts underlying conventional cost systems and the rationale for the development and understanding of modern cost management systems including: 1) cost accumulation systems for product costing, cost behavior concepts for planning and control, and activity-based-costing; 2) the use of cost information for strategic decision analysis and support; and 3) financial planning and control systems with a quality management perspective.
Prerequisite of ACC 21 is required
Every Semester, 3 credits

ACC 80 Accounting Information Systems

This course develops an understanding of the roles of accounting information and information technology and their influence on decision making, operational support, and organizational competitiveness. The course will include, but not be limited to, the framework of accounting information systems and decisions that impact on their design and implementation, the role of accounting information systems in transaction processing and internal control, and the functions of the major subsystems. The student will also gain hands-on experience in using and in evaluating accounting information systems, as well as further develop collaborative, oral, and written communication skills.
Prerequisite of ACC 21 is required
Every Semester, 3 credits

ACC 82 Auditing

This course provides an introduction to auditing, including basic concepts, techniques, and audit applications. Course coverage includes the audit risk model, understanding and testing internal controls, substantive testing, fraud, reports on audited financial statements, professional ethics, and an introduction to computer auditing.
Prerequisites of ACC 22 and ACC 80 are required
Every Semester, 3 credits

ACC 84 Tax & Business Strategies

Tax basics of all types of entities will be studied. The course stresses the importance of exposure to a range of tax concepts within the framework of financial reporting. Critical thinking and problem solving skills will be developed utilizing tax planning decision models. Recognition of tax savings and tax hazards will prepare students for many possible work environments.
Co-requisite of ACC 21 is required
Fall, 3 credits

ACC 85 Advanced Taxation

A continuation of ACC 84, this course will review more advanced areas of the Federal tax law as promulgated by the Internal Revenue Code of 1986, as amended, including applicable rulings, case law precedent and treasury regulations. The student will become familiar with rules applicable to the taxation of business entities, including C and S corporations, LLCs, partnerships, and specially taxed corporations. An introduction to N.Y. State taxes will be covered.
Prerequisite of ACC 84 is required
Spring, 3 credits

ACC 90 Applications in Accounting

This course covers accounting for business combinations, international transactions and reporting, governmental and not-for-profit entities, and other key advanced topics. The course links theory and practice with constant emphasis on the logic of procedures.
Prerequisite of ACC 22 is required
Every Semester, 3 credits

Degree Requirements

In addition to the specific requirements for the B.S. in Accountancy, all students must fulfill the Core Curriculum and Competency Requirements of LIU Post and achieve an overall G.P.A. of at least 2.5 in your major.

ETS Exam

To be eligible for graduation from the College of Management, all seniors in the School of Professional Accountancy are required to take a two-hour ETS Major Field Achievement Exam in Business. This nation-wide examination includes basic questions from all related business disciplines. The test helps to verify that our graduates have acquired the basic business knowledge to be able to function effectively in their chosen fields. Additionally, it allows the College of Management to continuously improve the quality of its curriculum.

Typical Sequence

Freshman Year
Course Credits
ENG 1 Composition 3
Mathematics 4 or Liberal Arts Elective 3
ECO 11 Intro to Macro Economics 3
ECO 12 Intro to Micro Economics 3
Laboratory Science Course 8
Social Science Core 3
ENG 2 Composition Arguments & Analysis 3
MTH 5 Linear Mathematics for Business & Social Science 3
CLA 6 Computer Literacy 3
College 101 1
Total 33

Sophomore Year
Course Credits
ACC 11 Accounting Principles I 3
ACC 12 Accounting Principles II 3
MTH 6 Calculus for Business and Social Sciences 3
MAN 11 Principles of Management 3
History/Philosophy Core 6
ECO 72 Statistics 3
Language/Literature Core 6
Oral Communications 1 or 17 3
Fine Arts Core 3
Library Competency 01 0
Total 33

Junior Year
Course Credits
ACC 21 External Reporting I 3
ACC 22 External Reporting II 3
ACC 61 Managerial Cost Analysis 3
ACC 84 Tax & Business Strategies 3
ACC 85 Advanced Taxation 3
MIS 20 Principles of Management Information Systems 3
FIN 11 Corporate Finance 3
FIN 12 Corporate Finance Policy 3
MKT 11 Marketing Principles & Practices 3
Liberal Arts Elective 3
Total 30

Senior Year
Course Credits
ACC 80 Accounting Information Systems 3
ACC 82 Auditing 3
ACC 90 Applications in Accounting 3
LAW 13 Legal Environment of Business 3
LAW 19 Commercial Law for Accountants 3
Quantitative Analysis 19 Decision Analysis 3
Fine Arts Core 3
Social Science Core 3
Unspecified Electives 6
Liberal Arts Elective 3
Total 33

Total credits required to complete this program: 129

CONTACT

College of Management
Robert Valli, Dean
Library, Lower Level

LIUPostbiz@liu.edu