University of ToledoCollege of Business Administration

Department of Accounting

George Mutter, Visiting Instructor

Accounting Degrees

Associate Degree in Accounting Technology– 2 year Degree

Bachelor of Business Administration (BBA) in Accounting– 4 year degree

Masters of Science in Accountancy (MSA)– 30 semester hour program

• University of Toledo’s Gamma Epsilon Chapter chartered in 1966

•Founded in 1919 at the University of Illinois, Urbana.

•Premier professional business and financial information fraternity

• Recognizes academic excellence

• Provides interaction among students, faculty, and professionals

Beta Alpha Psi

Where Accountants Work

Public Practice Business/Industry Government Non-Profit Organizations Colleges/Universities

Careers in Accounting Corporate Accounting Audit Assurance Services

– (E-Commerce, risk assessment, IS assessment) Environmental Accounting

– Environmental compliance issues Forensic Accounting

– Searches for evidence of criminal conduct Information Technology Services International Accounting Consulting Services Personal Financial Planning Tax advisory Service Accounting Educators

Becoming a CPAMost requirements are determined by the state/jurisdiction in which you

hope to practice. In general, this is a summary of the steps to CPA licensure.

Becoming a CPA Education requirements

– A baccalaureate degree and 150 semester hours • 30 semester hours in accounting

• 24 semester hours in business courses other than accounting

Exam Requirement– 4 sections (Business, Audit, Regulation and

Financial)

Experience Requirement– 1-2 years under a CPA

Reciprocity between states

Accounting is consistently one of the hottest jobs for new graduates, according to the National Association of Colleges and Employers.

Figure 1: Top Jobs for the Class of 2009

Job Function Starting Salary OfferTeaching $35,496Management Trainee $41,353Financial/Treasury Analysis $52,043Consulting $56,472Sales $41,577Accounting (Public) $49,437Accounting (Private) $45,859Software Design & Development $63,798Registered Nursing $45,229

Project Engineering$58,570

according to the National Association of Colleges and Employers.Figure 1: Top Jobs for the Class of 2009

Source: AICPA

Positions in DemandBy Robert Half International

•Tax Accountants •Achieve bottom-line savings•Starting salaries $33,596 - $40,532

•Financial Analyst•Financial plans, forecasts, budgets and identifying ways to improve profitability

• Senior and Staff Accountants•Manage ongoing accounting needs• Starting salaries $30,562 - $37,498• 1-3 years experience $34,897 - $46,601

•Business Analyst•Translate operational and competitive data to improve decision making

Recent salary ranges in accounting are:

Big 4 Firm OverallTypical

Experience

Entry Level $55,000 $50,000 - 70,000 First year

Junior Staff Accountant $46,000 - 63,000 $40,000 - 80,000 1-2 years

Senior Staff Accountant $65,000-95,000 $70,000 3-5 years

Manager $65-140,000 $85,000 5-7 years

Senior Manager $72-160,000 $115,000 7 years plus

Partner $200,000 - 3,000,000 $150,000 10 years plus

Recent salary ranges in accounting are:

http://careers-in-accounting.com/acsal.htm

Questions?