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BBA in Accounting

There are a lot of good things to say about majoring in accounting: The biggest one is jobs. There also are a lot of good things to say about choosing Woodbury University: The biggest one is jobs. 

There are a lot of jobs in accounting. The main reason is that accountants watch the money, and help the people who decide how to use it.  Businesses need accountants. Governments need accountants.  So do hospitals, universities, and other charities. People need accountants, to help with things like taxes. 

The mission of the Department of Accounting has two parts. This reflects the Department’s two different, but related, roles. This first role is teaching lower division service courses for all business majors;  the second is teaching upper division courses for accounting majors. 

The first part of the mission is for students in our classes to be able to use accounting information to make better financial decisions. The second part is for our graduating accounting majors to be able to enter and thrive in the profession.

Accounting jobs are everywhere.  Woodbury graduates go to work in CPA firms like PricewaterhouseCoopers and Moss Adams, big international companies like Disney and Boeing, start-up firms and family businesses, plus government agencies (like the IRS and the City of Glendale.)  During their careers, Woodbury graduates move to and from all of these types of organizations.  Sometimes they work part- time, sometimes they work for themselves, to better balance work, family, and other interests. More importantly, there are entry-level jobs in accounting. Employers look for good people graduating with a degree in accounting. The basic reason for this is that good accounting graduates are familiar with technology, and enter their careers able to do a accounting work efficiently and effectively.

Employers look for Woodbury accounting graduates.  We are the oldest accounting program west of the Mississippi, and thus are very well known throughout Southern California’s vast economy.  Plus we work hard to help our graduates find jobs:  our Career Center routinely finds several openings for each of our accounting graduates.

Another reason is that every Woodbury student graduates with accounting work experience. Those who have not had jobs in accounting do at least a one-semester internship in an accounting position in a CPA firm, private industry, government, or non–profit organization. Our Career Center often finds internship openings, usually in nearby accounting firms or entertainment businesses.  One of the reasons for this is that our suburban Burbank campus is freeway close to L.A.’s world-class centers of the entertainment, high tech, and fashion industries.

Woodbury accounting students learn by doing, from accountants who do it:  all accounting faculty have substantial, senior-level experience in the accounting profession.  Our 3 full time professors – Dr. Burrowes, Dr. Jinkens, and Dr. Karayan—total over 75 years of teaching; most adjuncts also have been teaching for years.  This shows in the classroom.  For example, all accounting students are required to use professional software to prepare financial statements and tax returns for class projects.

Accounting classes are small, so students get to know the professors and the professors get to know the students. This really helps when students need job references. We also schedule our courses so that community college transfers can graduate in 2 years, and home grown frosh can graduate in 4 years.

A variety of scholarships are available for Woodbury accounting majors.  These include the $5,000 Woodbury Accounting Honors Scholarship, Delta Mu Delta Scholarships, the California Society of Enrolled Agents Scholarships, the American Association of Certified Public Accountants Scholarships, the California Society of Certified Public Accountants Scholarships, Becker Professional Education Scholarships, CPAexcel Scholarships, the National Conference of CPA Practitioners Scholarships, the Los Angeles Chapter of the California Society of CPAs scholarships, the AICPA/Accountemps $2,500 Scholarships, and the American Society of Women Accountants Scholarships

Interested in a Woodbury BBA in Accounting? Visit our Admissions Page.


Curriculum

Faculty

Professional Affiliations


Curriculum Summary

Required courses for Business Core(BBA) 12 36
Required courses in Major 7 21
Required internship in Management 1 3
Elective courses in Major 3 9
General Education Electives 17 51
Unrestricted Electives 2 6
Minimum courses/semester units required 42 126

Core Courses

ACCT 205 - Financial Accounting for Decision-Making
Principles of accrual accounting, basic processes of financial record keeping, and use of the basic financial statements. Emphasis is on learning the strengths and weaknesses of financial accounting in order to better use accounting information to make financial decisions. Prerequisites: MGMT 100, Fundamentals of Business Entrepreneurship, MGMT 110, Legal Environment of Business, WRIT 111, Academic Writing 1, COMM 120, Public Speaking, and MATH 220, Business Math or MATH 249, College Algebra.

ACCT 206 - Managerial Accounting for Decision-Making
Accounting methods and issues applicable to equity of partnerships and corporations, accounting for current and long-term debt, managerial accounting, including inventory costing, capital and operational budgeting, and break-even analysis. Prerequisite: AC 205, Principles of Accounting I.

ACCT 300 - Cost Accounting
In-depth study of: product costing, including job-order, process and standard costs, variance analysis, and cost-volume-profit analysis. Prerequisite: AC 206, Principles of Accounting II or ACCT 206, Principles of Accounting II.

ACCT 304 - Intermediate Accounting I
A concentrated study of accounting within the conceptual framework which underlies financial reporting, with emphasis on accounting issues related to asset valuation and reporting, including time value of money concepts and long-term obligations. Prerequisite: AC 206, Principles of Accounting II, or ACCT 206, Principles of Accounting II.

ACCT 352 - Concepts of Taxation
An introduction to a broad range of tax concepts and types of taxpayers covering the role of taxation in the business decision-making process; basic tax research and planning; professional standards and ethics; and the interrelationship and differences between financial accounting and tax accounting. Prerequisite: AC 206, Principles of Accounting II or ACCT 206, Principles of Accounting II.

ACCT 305 - Intermediate Accounting II
Examines accounting issues for long term obligations, income taxes, pensions, leases, error correction, accounting changes, income recognition, financial statement analysis, cash flow statement, and owners’ equity and earnings per share. Prerequisite: AC 304, Intermediate Accounting I or ACCT 304, Intermediate Accounting I.

Some Electives

ACCT 351 - Advanced Taxation
Study of Federal Income Tax Law applicable to corporations, partnerships, trusts, gifts, and estates. Prerequisite: AC 305, Intermediate Accounting II or ACCT 305, Intermediate Accounting II, or consent of instructor.

ACCT 353 - Entertainment Industry Accounting
Accounting and management applications specific to the motion picture industry, with general use in all other areas of media production, including television, commercials, music videos, and games development. Specific topics include production budgeting, management reporting, film terminology, and studio distribution contacts. Financial reporting requirements promulgated by the American Institute of CPAs and the Financial Accounting Standards Board will be discussed. Prerequisite: AC 206, Principles of Accounting II or ACCT 206, Principles of Accounting II, and junior standing.

ACCT 401 - Advanced Accounting
Business combinations; intercompany transactions; foreign currency transactions and financial statements; partnership formation and liquidation; introduction to government and not-for-profit accounting. Prerequisite: AC 305, Intermediate Accounting or ACCT 305,
Intermediate Accounting.

ACCT 403 - Government and Not-For-Profit Accounting
Fund accounting, study of the accounting literature applicable to governmental units and to not-for-profit entities such as colleges, universities and hospitals. Prerequisite: AC 305, Intermediate Accounting II or ACCT 305, Intermediate Accounting II.

ACCT 405 - Accounting Systems
Study of the application of computer processing to accounting procedures; includes control mechanisms and procedures to maintain
the integrity of data and the effective reporting of information. Prerequisite: AC 206, Principles of Accounting II or ACCT 206, Principles
of Accounting II.

ACCT 470 - Topics
Accounting subjects or developments of interest not elsewhere covered. Prerequisite: AC 304, Intermediate Accounting I or ACCT 304, Intermediate Accounting I.

ACCT 485 - Accounting Problems
Review of current accounting theory and the problems used to test the understanding and application of that theory in professional examinations. Prerequisites: AC 300, Cost Accounting or ACCT 300, Cost Accounting, and AC 305, Intermediate Accounting II or ACCT 305, Intermediate Accounting II.

 

Ashley Burrowes PhD, FCA, an expat New Zealander, is a retread from the ‘real’ world. His experience includes auditing a large Australasian mutual insurance company. After moving to the USA he audited housing authorities.  He has been CFO of companies in the Civil Engineering and Pharmaceuticals industries. He is member of the NgāKaitatau Māori o Aotearoa (New Zealand Maori Accountants Network) and a Director of the Association of Chartered Accountants in the United States. He is also a member of the California CPA Society. He has taught accounting in New Zealand, Australia, Sweden, USA, England and Wales.

Robert Jinkens, PhD, earned his post doctoral AACSB certification in accounting from the University of Florida at Gainesville. His PhD is from the University of Hawai’i at Mânoa in accounting education. He holds an MSBA in Finance from the University of Southern California, an MBA from the University of California at Irvine, and a BA in math and a BS in business both from the University of Southern California. He has active CPA licenses in California and Hawaii and is a California Real Estate Broker. He has taught accounting, finance and other related subjects at the undergraduate and graduate levels since 1974. His research interests include financial accounting, managerial accounting, and accounting education.

John Karayan, PhD, teaches Accounting and is past Chair ofAccounting and IT. Formerly Director of Taxes of a New York Stock Exchange-listed multinational, Professor Karayan is a tax attorney with a “Big 8” CPA firm background who retired from practice 25 years ago to teach at USC’s School of Accounting.  John earned his PhD from Claremont Graduate School, where he studied under Peter Drucker.  Dr. Karayan remains active outside academia with service on public and private Boards, as well as testifying as an expert witness in complex business litigation.  He has co-authored several books on taxation – notably Strategic Business Tax Planning (Wiley 2006)—and published articles in journals ranging from The Tax Advisor to the Marquette Sports Law Review.

Delta Mu Delta Honor Society

Woodbury University’s School of Business carefully selects a small group of business students – undergraduate and graduate – who have demonstrated excellence in their scholastic output.
DELTA MU DELTA HONOR SOCIETY is an International Honor Society in Business Administration at four-year universities and colleges. The organization was founded in 1913 at the School of Commerce, Accounts and Finance, New York University, New York.

Mission of DMD:
Delta Mu Delta is a business honor society that recognizes and encourages academic excellence of students at qualifying colleges and universities to create a DMD community that fosters the well-being of its individual members and the business community through life-time membership.

The purpose of the Delta Mu Delta honor society is to promote higher education in business ad-ministration by recognizing and rewarding scholastic accomplishment.

Delta Mu Delta membership provides recognition for a lifetime. As the highest international recognition our business students can earn, it is appropriate to include DMD membership on one’s resume and to wear the Key and display the certificate and other regalia with pride.

Delta Mu Delta membership is awarded to the top 20% of our Business School graduates in the Bachelor and MBA programs. Since 2000, Woodbury’s School of Business runs the Chapter “Theta Omega” of this honor society.

The DMD team consists of Dr. Satinder Dhiman, Dr. Tahmoures Afshar, Ms. Lori McCall, and Ms. Joy Tabuchi. 



Collegiate Entrepreneur’s Organization (CEO)

Woodbury University’s School of Business is the proud home to a Chapter of CEO. The Collegiate Entrepreneurs’ Organization is the premier global entrepreneurship network, which aims to serve about 30,000 students through 400 chapters and affiliated student organizations at colleges and universities. CEO’s vision is to help students achieve their entrepreneurial dreams and goals.
The mission of CEO is to inform, support and inspire college students to be entrepreneurial and seek opportunity through enterprise creation.

Some benefits of being a member of CEO are:

  • Global access to a network of fellow collegiate entrepreneurs
  • Continuous updates through an organizational electronic and print newsletter
  • Discounted registration fees to the Annual CEO Conference
  • Access to website chat rooms featuring renowned entrepreneurs
  • Access to world class Internet information
  • Communication on entrepreneurial topics using website message boards
  • Invitation to compete in student entrepreneur competitions
  • Chapter development support
  • Leadership training
  • Discounts on products and services

Members of the Woodbury CEO Chapter meet on a regular basis and are instrumental in university networking events with current students and alumni.

The adviser for CEO is Mr. Bud Walker.



The Society of Accounting and Business (WUSAB)

This organization enables Accounting and Business students to build lasting relationships and to have a better understanding of job opportunities in their field.

The advisors of the program are Dr. John Karayan and Dr. Ashley Burrowes.



Alpha Sigma Lambda (ASL)

Alpha Sigma Lambda is the premier national honor society for nontraditional undergraduate adult students. ASL aims to recognize the special achievements of adults who accomplish academic excellence while facing competing interests of home and work.

Alpha Sigma Lambda is dedicated to the advancement of scholarship and recognizes high scholastic achievement in an adult student’s career. By so doing, this Society encourages many students to continue toward and to earn associate and baccalaureate degrees. Through leadership born of effort, both scholastically and fraternally, Alpha Sigma Lambda inspires its candidates to give of their strengths to their fellow students and communities through their academic achievements.

The ASL adviser is Dr. Anne Ehrlich.



Business and Professional Women of Woodbury

The goals of BPWow is to achieve equity for all women in the workplace through advocacy, edu-cation, and information,  to empower women. to build upon and develop members into successful women, to explore, build and maintain relationships with each other as well as networking with corporate professionals, and to increase personal development.

The advisor of the program is Ms. Alexandra Saba.