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Accounting and Business Law
Office: Room 5003
Phone: (718) 489-5283

Chairperson Professor Emeritus
Dr. Geoffrey R. Horlick Diamond

Professors Adjuncts
Horlick Celano
Yellin Dolan
Lesman
Assistant Professor
Nogara

accounting [ACC] courses may be accepted for transfer credit.
Graduate transfer credit is rarely granted. See the Chairperson for
Department Mission additional information.
Within the context of a liberal education, the Accounting and
Business Law department seeks to provide all management and
accounting majors the appropriate skills, knowledge, and abilities C.P.A. Certification
to become successful professionals. The accounting major pre-
On or after August 1, 2009, New York State will require that
pares students for a career in public accounting, private industry, individuals who apply for licensure in public accountancy (quali-
or not-for-profit accounting (government agencies, foundations
fying to sit for the C.P.A. examination) must have completed a
and associations, hospitals, colleges and universities, libraries, registered 151-credit hour program. Accounting majors graduat-
museums, schools, religious organizations, and arts groups).
ing during or after 2009 have the following program options.
Upon satisfactory completion of the major in accounting, the
student may sit for professional certification examinations such
as the C.P.A. exam or C.M.A. exam. The degree requirements are Students Seeking C.P.A. Certification
fully registered with the State of New York. See the section on Students who seek C.P.A. certification can pursue either of two
C.P.A. Certification for clarification. programs. Both C.P.A.-track programs are 151 credits; one
culminates in a dual award of a B.S. degree and an M.S. degree,
Internship programs that provide a guided practical experience in
the other in a B.S. degree only. Both programs fulfill the course
corporate, public, and not-for-profit accounting are occasionally
of study required by the New York State Department of Educa-
available to students. Graduates of the accounting program of St.
tion and the New York State Board of Accountancy. The first six
Francis College have been employed by a broad range of C.P.A.
semesters of both programs are identical thus offering a com-
firms, corporations, banks, brokerage houses, manufacturing
pletion option for students who begin the C.P.A.-track program
firms, retail establishments, governmental agencies, and not-for-
and are not eligible to enter the graduate division after six se-
profit groups.
mesters.
Accounting majors must apply for the graduate portion of the
Goals and Objectives combined B.S./M.S. degree program after completing the first
six semesters of the program’s required courses (102 credits).
Enable both undergraduate and graduate students to prepare and Students are required to pass and have a minimum index of 2.8
interpret financial statements in accordance with generally accepted in all accounting courses in order to enter the graduate division.
accounting principles (GAAP), auditing standards, and other Students not meeting these requirements may be given reconsid-
appropriate professional pronouncements of the accounting profession. eration if a satisfactory score is achieved on the Graduate Man-
Enable undergraduate and graduate students to use current computer agement Admission Test (GMAT).
software applicable to specific accounting procedures.
Enable undergraduate and graduate students the opportunity to engage in Alternatively, students who do not qualify for the above
professional research and prepare written and oral presentations. B.S./M.S. degree program may pursue the 151-credit B.S. degree
Encourage mutual respect between faculty and students and to graduate program in accounting.
students who will conduct themselves in an appropriate ethical and pro-
fessional manner, with honesty and integrity in all professional endeavors. Students Not Seeking C.P.A. Certification
Students interested in an accounting program but who do not
need or want C.P.A. certification may pursue a four-year pro-
Transfer Students gram culminating in a B.S. degree. This program primarily pre-
Students may transfer into any accounting program. Transfer pares for students in management or industry where a solid
credit may be awarded depending on the institution that awarded foundation in accounting is helpful or required, but C.P.A. certi-
the original credit and the grade(s) earned. According to depart- fication is not necessary.
mental policy, no more than five designated undergraduate

St. Francis College Programs of Study 29
Program Requirements
Major in Accounting
C.P.A. Track—Combined B.S./M.S. Program
This program leads to a dual award. Students who complete this following pages for additional program choices. Students should also
program will receive both degrees at the same time, and students refer to the section in the front of this catalogue for policies specific
may not complete one portion without the other. Students wishing to the graduate portion of this degree.
to complete only a B.S. program in accounting should refer to the
Courses Credits Prerequisite(s) Co-Requisite(s)
Core Curriculum ...................................................................................................... 42
Select BOTH of the following courses to satisfy the Natural Science/Mathematics core requirement
MAT 105 College Algebra .............................................................................. MAT 070 or placement exam
MAT 109 Mathematics for Managerial Science I ........................................ MAT 105 or placement exam
Select the following course to satisfy the Philosophy Elective core requirement
PHI 7342 Business Ethics 1 ............................................................................ PHI 2201 or PHI 2203
ACC 1101 Elementary Accounting I...................................................................... 4 MAT 050 or placement exam........................... BUS 101
ACC 1102 Elementary Accounting II .................................................................... 4 ACC 1101
 ACC 1102
ACC 2101 Intermediate Accounting I.................................................................... 4 
 IT 101 (may be taken as pre- or co-requisite)
ACC 2102 Intermediate Accounting II .................................................................. 4 ACC 2101
 ACC 1101
ACC 2201 Accounting Information Systems ........................................................ 3 
 IT 101
 ACC 1001 or ACC 1102
ACC 3301 Cost Accounting..................................................................................... 3 
 IT 101 (may be taken as pre- or co-requisite)
ACC 4501 Taxation for Individuals........................................................................ 3 ACC 1001 or ACC 1102
BL 2101 Business Law I ........................................................................................... 3 BUS 101
BL 2102 Business Law II.......................................................................................... 3 BL 2101
BUS 101 Organization and Management............................................................... 3
BUS 250 Business Communications....................................................................... 3
ECO 1201 Principles of Macroeconomics ............................................................ 3 MAT 050 or placement exam (pre- or co-requisite)
ECO 2202 Principles of Microeconomics ............................................................. 3 ECO 1201
ECO 2306 Money and Banking .............................................................................. 3 ECO 1201
 ACC 1001 or ACC 1101
ECO 3331/FIN 301 Principles of Finance ........................................................... 3  ECO 2202 or ECO 2306
 MAT 105 or placement exam
IT 101 Computer Tools............................................................................................ 3
MKT 201 Marketing ................................................................................................. 3 BUS 101
ORM 301 Empirical Methods for Business Research.......................................... 3 MAT 105
Any TWO humanities electives 2 ............................................................................ 6
Any FIT course or HS 100A.................................................................................... 2
SFC 1001 Freshman Seminar................................................................................... 1
Any liberal arts elective ............................................................................................. 3
Free electives .............................................................................................................. 6
To proceed in the curriculum, students must apply for admission to the graduate division. Admission requirements include a minimum index of 2.8 in all ACC courses
listed above. See Accounting department for further information.
ACC 4101 Advanced Accounting Problems ......................................................... 3 ACC 2102
ACC 4401 Auditing Principles................................................................................. 3 ACC 2101
 ACC 2201
ACC 6201 Advanced Accounting Information Systems 1 ................................... 3 
 ACC 4101
 ACC 2201
ACC 6402 Advanced Auditing 1 .............................................................................. 4 
 ACC 4401
ACC 6502 Taxation for Business Organizations 1 ................................................ 4 ACC 4501
 ECO 2202
ECO 6411 Economic Theory and Analysis 1 ........................................................ 3 
 ECO 2306
FIN 6501 Advanced Finance 1 ................................................................................ 3 FIN 301
 MAT 109 or MAT 202
ORM 6308 Quantitative Methods in Business I 1................................................. 3 
 MAT 301 or ORM 301
ACC 7998 Graduate Seminar in Accounting 1 ...................................................... 4 ACC 4101
BUS 7999 Business Policies Capstone 1 ................................................................. 3 Final semester of graduate program
Total credits required .........................................................................................151
The successful completion of BUS 7999 satisfies the College’s Comprehensive Examination/Thesis requirement.
1 This is a graduate course. Students must be admitted to the graduate division before taking this course.
2 Select any course from ECO, HIS, ICS, PSC, or PSY except ECO 3331/FIN 301, ECO 3332/FIN 302, ECO 3333/FIN 312, or ECO

4433/FIN 412.

30 Programs of Study St. Francis College
C.P.A. Track—151-Hour B.S. Program

Courses Credits Prerequisite(s) Co-Requisite(s)
Core Curriculum............................................................................................... 42
Select BOTH of the following courses to satisfy the Natural Science/Mathematics core requirement
MAT 105 College Algebra ........................................................................ MAT 070 or placement exam
MAT 109 Mathematics for Managerial Science I .................................. MAT 105 or placement exam
Select the following course to satisfy the Philosophy Elective core requirement
BUS 342/PHI 3342 Business Ethics ...................................................... PHI 2201 or PHI 2203
ACC 1101 Elementary Accounting I............................................................... 4 MAT 050 or placement exam .......................BUS 101
ACC 1102 Elementary Accounting II ............................................................. 4 ACC 1101
 ACC 1102
ACC 2101 Intermediate Accounting I ............................................................ 4 
 IT 101 (may be taken as pre- or co-requisite)
ACC 2102 Intermediate Accounting II........................................................... 4 ACC 2101
 ACC 1101
ACC 2201 Accounting Information Systems................................................. 3 
 IT 101
 ACC 1001 or ACC 1102
ACC 3301 Cost Accounting ............................................................................. 3 
 IT 101 (may be taken as pre- or co-requisite)
ACC 4101 Advanced Accounting Problems.................................................. 3 ACC 2102
ACC 4401 Auditing Principles ......................................................................... 3 ACC 2101
 ACC 2201
ACC 4402 Advanced Auditing......................................................................... 3 
 ACC 4401
ACC 4501 Taxation for Individuals ................................................................ 3 ACC 1001 or ACC 1102
ACC 4502 Taxation for Business Organizations ........................................... 3 ACC 4501
ACC 4998 Senior Seminar in Accounting ...................................................... 3 ACC 4101
BL 2101 Business Law I.................................................................................... 3 BUS 101
BL 2102 Business Law II .................................................................................. 3 BL 2101
BUS 101 Organization and Management ....................................................... 3
BUS 250 Business Communications ............................................................... 3
ECO 3331/FIN 301
MKT 201
BUS 490 Business Policies................................................................................ 3 
ORM 301 or MAT 301
Senior standing
ECO 1201 Principles of Macroeconomics ..................................................... 3 MAT 050 or placement exam (pre- or co-requisite)
ECO 2202 Principles of Microeconomics...................................................... 3 ECO 1201
ECO 2306 Money and Banking ....................................................................... 3 ECO 1201
 ACC 1001 or ACC 1101
ECO 3331/FIN 301 Principles of Finance.................................................... 3  ECO 2202 or ECO 2306
 MAT 105 or placement exam
IT 101 Computer Tools .................................................................................... 3
MAT 301 Statistics............................................................................................. 3 MAT 104 or higher or placement exam
MKT 201 Marketing .......................................................................................... 3 BUS 101
ORM 308 Quantitative Methods in Business I.............................................. 3 MAT 301 or ORM 301
Any TWO humanities electives 1 ..................................................................... 6
Any Management elective 2............................................................................... 3
Any FIT course or HS 100A ............................................................................ 2
SFC 1001 Freshman Seminar ........................................................................... 1
Any TWO liberal arts electives ........................................................................ 6
Free electives..................................................................................................... 12
Total credits required .........................................................................................151
The successful completion of ACC 4998 satisfies the College’s Comprehensive Examination/Thesis requirement.
1 Select any two courses from ECO, HIS, ICS, PSC, or PSY except ECO 3331/FIN 301, ECO 3332/FIN 302, ECO 3333/FIN 312, or ECO

4433/FIN 412.
2 Select any course from BUS, FIN, HR, MKT, or ORM.

St. Francis College Programs of Study 31
Non-C.P.A. Track—130-Hour B.S. Program

Courses Credits Prerequisite(s) Co-Requisite(s)
Core Curriculum ............................................................................................... 42
Select BOTH of the following courses to satisfy the Natural Science/Mathematics core requirement
MAT 105 College Algebra ....................................................................... MAT 070 or placement exam
MAT 109 Mathematics for Managerial Science I.................................. MAT 105 or placement exam
Select the following course to satisfy the Philosophy Elective core requirement
BUS 342/PHI 3342 Business Ethics...................................................... PHI 2201 or PHI 2203
ACC 1101 Elementary Accounting I............................................................... 4 MAT 050 or placement exam ...................... BUS 101
ACC 1102 Elementary Accounting II ............................................................. 4 ACC 1101
 ACC 1102
ACC 2101 Intermediate Accounting I............................................................. 4 
 IT 101 (may be taken as pre- or co-requisite)
ACC 2102 Intermediate Accounting II ........................................................... 4 ACC 2101
 ACC 1101
ACC 2201 Accounting Information Systems ................................................. 3 
 IT 101
 ACC 1001 or ACC 1102
ACC 3301 Cost Accounting.............................................................................. 3 
 IT 101 (may be taken as pre- or co-requisite)
ACC 4101 Advanced Accounting Problems .................................................. 3 ACC 2102
ACC 4112 Current Issues in Accounting........................................................ 3 ACC 4101
ACC 4411 Management Auditing .................................................................... 3 ACC 2201
ACC 4501 Taxation for Individuals................................................................. 3 ACC 1001 or ACC 1102
BL 2101 Business Law I .................................................................................... 3 BUS 101
BL 2102 Business Law II................................................................................... 3 BL 2101
BUS 101 Organization and Management........................................................ 3
ECO 3331/FIN 301
MKT 201
BUS 490 Business Policies ................................................................................ 3 
ORM 301 or MAT 301
Senior standing
ECO 1201 Principles of Macroeconomics ..................................................... 3 MAT 050 or placement exam (pre- or co-requisite)
ECO 2202 Principles of Microeconomics ...................................................... 3 ECO 1201
ECO 2306 Money and Banking ....................................................................... 3 ECO 1201
 ACC 1001 or ACC 1101
ECO 3331/FIN 301 Principles of Finance .................................................... 3  ECO 2202 or ECO 2306
 MAT 105 or placement exam
IT 101 Computer Tools..................................................................................... 3
MAT 301 Statistics ............................................................................................. 3 MAT 104 or higher or placement exam
MKT 201 Marketing .......................................................................................... 3 BUS 101
ORM 308 Quantitative Methods in Business I .............................................. 3 MAT 301 or ORM 301
Select TWO of the following courses ............................................................. 6
Any ECO course except ECO 3331/FIN 301, ECO 3332/FIN 302, ECO 3333/FIN 312, or ECO 4433/FIN 412
HIS 2303/PSC 2312 The World in the 20th Century ...................................... HIS 1201 or 15 college credits
HIS 2320-2323/PSC 2320-2323 Current Problems ......................................... HIS 1201 or 15 college credits
HIS 3307 American Minorities ............................................................................ HIS 1201
HIS 3370 History of American Labor ................................................................ HIS 1201
HIS 3410 The American City............................................................................... HIS 1201
HIS 3415/PSC 3410 Constitutional Law I......................................................... HIS 1201 or PSC 1202 or PSC 1204
HIS 3416/PSC 3411 Constitutional Law II: Civil Liberties ............................ HIS 1201 or PSC 1202 or PSC 1204
ICS 240 Peoples/Cultures of the Contemporary World I
ICS 241 Peoples/Cultures of the Contemporary World II
ICS 307/SOC 3050 Caribbean Culture and Society ......................................... SOC 1000
PSC 1204 American National Government
PSC 2309 Public Administration ......................................................................... PSC 1204
PSC 2404 Government and Business: 1865–Present ....................................... 24 college credits
PSC 3406 International Relations........................................................................ PSC 1202
PSY 100 General Psychology
PSY 313 Group Dynamics
PSY 317 Industrial and Organizational Psychology
Liberal Arts electives.......................................................................................... 6
Any FIT course or HS 100A............................................................................. 2
SFC 1001 Freshman Seminar............................................................................ 1
Free electives....................................................................................................... 3
Total credits required ........................................................................................ 130
The successful completion of ACC 4112 satisfies the College’s Comprehensive Examination/Thesis requirement.

32 Programs of Study St. Francis College
C.P.A. Track—130-Hour B.S. Program
This program will confer its last degree in May 2009; students who 2009 will be eligible to sit for the C.P.A. exam. However, State
wish to begin this program may do so only after consulting with the licensure requirements will limit the amount of time students have to
department Chairperson. Students who complete this program by complete the C.P.A. examination after graduation.

Courses Credits Prerequisite(s) Co-Requisite(s)
Core Curriculum............................................................................................... 42
Select BOTH of the following courses to satisfy the Natural Science/Mathematics core requirement
MAT 105 College Algebra ........................................................................ MAT 070 or placement exam
MAT 109 Mathematics for Managerial Science I .................................. MAT 105 or placement exam
ACC 1101 Elementary Accounting I............................................................... 4 MAT 050 or placement exam .......................BUS 101
ACC 1102 Elementary Accounting II ............................................................. 4 ACC 1101
 ACC 1102
ACC 2101 Intermediate Accounting I ............................................................ 4 
 IT 101 (may be taken as pre- or co-requisite)
ACC 2102 Intermediate Accounting II........................................................... 4 ACC 2101
 ACC 1001 or ACC 1102
ACC 3301 Cost Accounting ............................................................................. 3 
 IT 101 (may be taken as pre- or co-requisite)
ACC 4101 Advanced Accounting Problems.................................................. 3 ACC 2102
ACC 4401 Auditing Principles ......................................................................... 3 ACC 2101
ACC 4501 Taxation for Individuals ................................................................ 3 ACC 1001 or ACC 1102
ACC 4502 Taxation for Business Organizations ........................................... 3 ACC 4501
ACC 4998 Senior Seminar in Accounting ...................................................... 3 ACC 4101
BL 2101 Business Law I.................................................................................... 3 BUS 101
BL 2102 Business Law II .................................................................................. 3 BL 2101
BUS 101 Organization and Management ....................................................... 3
ECO 3331/FIN 301
MKT 201
BUS 490 Business Policies................................................................................ 3 
ORM 301 or MAT 301
Senior standing
ECO 1201 Principles of Macroeconomics ..................................................... 3 MAT 050 or placement exam (pre- or co-requisite)
ECO 2202 Principles of Microeconomics...................................................... 3 ECO 1201
ECO 2306 Money and Banking ....................................................................... 3 ECO 1201
 ACC 1001 or ACC 1101
ECO 3331/FIN 301 Principles of Finance.................................................... 3  ECO 2202 or ECO 2306
 MAT 105 or placement exam
IT 101 Computer Tools .................................................................................... 3
MAT 301 Statistics............................................................................................. 3 MAT 104 or higher or placement exam
MKT 201 Marketing .......................................................................................... 3 BUS 101
ORM 308 Quantitative Methods in Business I.............................................. 3 MAT 301 or ORM 301
Select TWO of the following courses............................................................. 6
Any ECO course except ECO 3331/FIN 301, ECO 3332/FIN 302, ECO 3333/FIN 312, or ECO 4433/FIN 412
HIS 2303/PSC 2312 The World in the 20th Century ...................................... HIS 1201 or 15 college credits
HIS 2320-2323/PSC 2320-2323 Current Problems ......................................... HIS 1201 or 15 college credits
HIS 3307 American Minorities ............................................................................ HIS 1201
HIS 3370 History of American Labor ................................................................ HIS 1201
HIS 3410 The American City............................................................................... HIS 1201
HIS 3415/PSC 3410 Constitutional Law I......................................................... HIS 1201 or PSC 1202 or PSC 1204
HIS 3416/PSC 3411 Constitutional Law II: Civil Liberties ............................ HIS 1201 or PSC 1202 or PSC 1204
ICS 240 Peoples/Cultures of the Contemporary World I
ICS 241 Peoples/Cultures of the Contemporary World II
ICS 307/SOC 3050 Caribbean Culture and Society ......................................... SOC 1000
PSC 1204 American National Government
PSC 2309 Public Administration ......................................................................... PSC 1204
PSC 2404 Government and Business: 1865–Present ....................................... 24 college credits
PSC 3406 International Relations........................................................................ PSC 1202
PSY 100 General Psychology
PSY 313 Group Dynamics
PSY 317 Industrial and Organizational Psychology
Liberal Arts electives.......................................................................................... 6
Any FIT course or HS 100A ............................................................................ 2
SFC 1001 Freshman Seminar ........................................................................... 1
Free electives....................................................................................................... 3
Total credits required ........................................................................................ 130
The successful completion of ACC 4998 satisfies the College’s Comprehensive Examination/Thesis requirement.

St. Francis College Programs of Study 33
Minor in Corporate Accounting
The minor in corporate accounting introduces students to the obtain some knowledge and understanding of various accounting
field of accounting and provides them with an overview of practices and procedures used today. A minor in accounting may
financial and managerial accounting, taxation, and an introduc- be pursued by students in any major degree program.
tion to computers. It allows students majoring in other areas to

Required Courses and Credits for Liberal Arts Majors
d s d s r l s

d s d s r t
Required Courses and Credits for Management Majors

Courses Credits Prerequisite(s) Co-Requisite(s)
ACC 1101 Elementary Accounting I............................................................... 4 MAT 050 or placement exam........................ BUS 101
ACC 1102 Elementary Accounting II ............................................................. 4 ACC 1101
⎧ ACC 1101
ACC 2201 Accounting Information Systems ................................................. 3 ⎨
⎩ IT 101
ACC 4501 Taxation for Individuals................................................................. 3 ACC 1001 or ACC 1102
IT 101 Computer Tools..................................................................................... 3
Select ONE of the following courses ............................................................. 3
ACC 4401 Auditing Principles ...................................................................... ACC 2101
⎧ ACC 1001 or ACC 1102
ACC 4421 Internal Auditing ......................................................................... ⎨
⎩ BUS 101
Total credits required .......................................................................................... 20

34 Programs of Study St. Francis College

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