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Accounting, B.S.

Accounting is the language of business decision-making and is a primary means of organizational communication. The accountant’s role has changed substantially over the past decade. Today, accountants are actively involved in the analysis and interpretation of financial data and work with other executives in decision-making and problem-solving activities.

The accounting major offered by Saint Louis University's Richard A. Chaifetz School of Business will help you develop strong technical and professional accounting skills, including communication, problem-solving and analytical skills.

I have experienced exponential growth in my ability to think critically, perform confidently, and engage with industry professionals due to the knowledge and opportunities provided by the accounting department." -Mi’Angila Graham, class of 2021

SLU's accounting graduates have a long history of success on the CPA exam, with pass rates exceeding both the Missouri and national averages. Many of our graduates have passed all parts of this important exam on their first attempt. The 2021 CPA Success Index, published in Accounting Today, ranked SLU 26 in the country among large accounting programs.

Students may also choose to pursue the accounting minor in addition to their chosen major.

Curriculum Overview

SLU students may choose to graduate from the accounting program with the 120-credit bachelor's degree; however, those who plan to be licensed after taking the CPA examination are required to complete 150 college credits in most states.

Students may accumulate the 150 required credits in several ways:

  • Complete 150 credits at the undergraduate level (often by pursuing a double major)
  • Complete the 120-credit bachelor's degree and complete the 30-credit Master of Accounting degree sequentially
  • Or, complete the Integrated Accounting Program, which allows you the opportunity to complete both the undergraduate and graduate degrees in accounting simultaneously

The GMAT (Graduate Management Admission Test) requirement for entry into the Master of Accounting program will be waived for accounting undergraduates with a minimum 3.40 cumulative SLU grade point average (GPA). The Department of Accounting also offers an Accounting Scholars Program for qualified incoming freshmen.

Internships/Student Organizations

Our location in metropolitan St. Louis provides many accounting internship opportunities, allowing students to gain career-related work experience while applying classroom knowledge to practice. Most internships are paid, and students may earn academic credit. Supervised by both a representative from the organization and a faculty mentor, SLU's accounting students have interned with entities such as public accounting firms, corporations, financial institutions and governmental agencies.

The Saint Louis University chapter of Beta Alpha Psi, an international scholastic and professional honor society for financial information professionals, provides a vital link between students and the accounting profession. The chapter presents numerous guest speakers from various disciplines and industries each semester. Membership offers students opportunities to establish networking relationships with potential employers. The chapter is regularly recognized for its continued excellence.

Careers

In a survey of SLU's most recent accounting graduates, 94% reported they were satisfactorily occupied. They join a global network of nearly 20,000 alumni from the Richard A. Chaifetz School of Business.

Possible career paths for graduates with an undergraduate degree in accounting from SLU include:

  • Auditor
  • Budget analyst
  • FBI agent
  • Financial planner
  • Forensic accountant
  • IRS agent
  • Risk management consultant
  • Tax professional

Admission Requirements

Freshman

Begin your application for this program at www.slu.edu/apply. Saint Louis University also accepts the Common App. 

All applications are thoroughly and carefully reviewed. Solid academic performance in college preparatory coursework is a primary criterion in reviewing a freshman applicant’s file. 

To be considered for admission to any Saint Louis University undergraduate program, the applicant must be graduating from an accredited high school, have an acceptable HiSET exam score or take the General Education Development (GED) test. Beginning with the 2021-22 academic year, undergraduate applicants will not be required to submit standardized test scores (ACT or SAT) in order to be considered for admission. Applicants will be evaluated equally, with or without submitted test scores.

Transfer

Begin your application for this program at www.slu.edu/apply

Applicants must be a graduate of an accredited high school or have an acceptable score on the GED. An official high school transcript and official test scores are required only of those students who have attempted fewer than 24 transferable semester credits (or 30 quarter credits) of college credit. Those having completed 24 credits or more of college credit need only submit a transcript from previously attended college(s).

Transfer students must have a cumulative 2.70 GPA to be admitted to the accounting program and a 2.50 GPA for all other majors. In reviewing a transfer applicant’s file, the office of admission holistically examines the student’s academic performance in college-level coursework as an indicator of the student’s ability to meet the academic rigors of Saint Louis University.

International Applicants

Begin your application for this program at www.slu.edu/apply

All admission policies and requirements for domestic students apply to international students along with the following:

  • You must demonstrate English Language proficiency.
  • Proof of financial support must include:
    • A letter of financial support from the person(s) or sponsoring agency funding your time at Saint Louis University.
    • A letter from the sponsor's bank verifying that the funds are available and will be so for the duration of your study at the University.
  • Academic records, in English translation, of students who have undertaken postsecondary studies outside the United States must include the courses taken and/or lectures attended, practical laboratory work, the maximum and minimum grades attainable, the grades earned or the results of all end-of-term examinations, and any honors or degrees received. WES and ECE transcripts are accepted.

Scholarships and Financial Aid

There are two principal ways to help finance a Saint Louis University education:

  • Scholarships: Scholarships are awarded based on academic achievement, service, leadership and financial need.
  • Financial Aid: Financial aid is provided in the form of grants and loans, some of which require repayment.

For priority consideration for merit-based scholarships, apply for admission by Dec. 1 and complete a Free Application for Federal Student Aid (FAFSA) by March 1.

For information on other scholarships and financial aid, visit the student financial services office online at https://www.slu.edu/financial-aid.

Accreditation

The Saint Louis University Richard A. Chaifetz School of Business is accredited by the Association to Advance Collegiate Schools of Business (AACSB), the world’s largest business education alliance and accrediting body of business schools, ensuring continuous quality improvement in terms of curriculum, instructional resources, student selection, career placement and intellectual contributions and qualifications of the faculty. Fewer than 5% of business schools worldwide have achieved AACSB accreditation. 

The accounting program is also separately accredited by the AACSB, one of only 189 schools to have earned this distinction.

  • Graduates will have the ability to apply relevant accounting standards for financial reporting purposes and apply the appropriate tax laws for planning and compliance issues.
  • Graduates will be able to recognize and evaluate areas of risk in operations, decision making and information technology.
  • Graduates will be able to apply analytical and quantitative techniques to analyze accounting related issues.
  • Graduates will be able to effectively communicate in both oral and written forms.
  • Graduates will be able to make professional and ethical judgments and demonstrate professional conduct and demeanor.

Twenty-one credits in addition to ACCT 2200 Financial Accounting (3 cr) and ACCT 2220 Accounting for Decision Making (3 cr), which are taken as business CBK requirements.

Accounting students must earn a grade of “C” or higher in all courses used to fulfill major requirements and a minimum 2.70 cumulative SLU GPA is a prerequisite for all 3000 and 4000 level accounting courses. (All courses are three credits.) 

Business Common Body of Knowledge (CBK)45
Arts and Sciences Core Requirements48
Accounting Major *, †
ACCT 3110Financial Reporting I3
ACCT 3220Cost Management3
ACCT 4110Financial Reporting II3
ACCT 4250Accounting Information Systems3
ACCT 4300Federal Income Tax I3
ACCT 4400Auditing3
BTM 2500Data Modeling, Analysis and Visualization3
Electives in Business or Other Areas 6
Total Credits120
*

In addition to completing lower and upper division coursework in all areas of business, each student typically selects a business major before or during the first semester of the junior year. Required credits vary between 18-21 credits and are determined by the appropriate department. To broaden their expertise, students may complete more than one major in business, or a major and a minor in business. However, outside of the Business Common Body of Knowledge (CBK), a maximum of one business course (3 credit hours) may be used to fulfill requirements in two business majors/minors.

Students in the Integrated Accounting Program are required to take MGT 4500 Legal Environment of Business II (3 cr), during the last semester of master’s level coursework.

Electives may be selected from any area of study within the University, giving the student the opportunity to diversify his/her background.

Continuation Standards

Accounting students who have commenced their major coursework will be on program probation if their cumulative SLU grade point average (GPA) falls below a 2.70. Students will have one semester to increase their cumulative SLU GPA to a 2.70; if not, students will not be allowed to register for 3000 or 4000 level accounting courses.

Students will be automatically placed on University probation if any of the following occur:

  • Their Saint Louis University cumulative grade point average falls below 2.00
  • Their Saint Louis University semester grade point average is below a 1.00
  • More than two "Incomplete" or two "In-Progress" grades on their academic transcript

During the probationary period, advisors help students achieve academic success by closely monitoring their academic performance. In order to improve scholastically and demonstrate the ability to make progress toward a degree, students on University probation may not register for more than 12 credits of coursework in the fall and spring semesters, three credits in the winter term, and no more than one course/four credits in any single summer session term.

The conditions under which a student is dismissed from the school include:

  1. Inability to eliminate probationary status within the two semesters subsequent to the assignment of probation or
  2. A grade point average deficit points of more than 15 points

For more information, see the University Academic Policies and Procedures section.

Business Common Body of Knowledge (CBK) 

ACCT 2200Financial Accounting3
ACCT 2220Accounting for Decision Making3
BIZ 1000/1001Business Foundations1
BIZ 1002Business Foundations Excel Lab0
BIZ 3000Career Foundations1
BIZ 4000Business Capstone 11
BTM 2000Introduction to Business Technology Management3
ECON 1900Principles of Economics3
ECON 3120Intermediate Macroeconomics3
ECON 3140Intermediate Microeconomics3
FIN 3010Principles of Finance3
IB 2000Introduction to International Business3
MGT 2000Legal Environment of Business I3
MGT 3000Management Theory and Practice3
MGT 4000Strategic Management and Policy 13
MKT 3000Introduction to Marketing Management3
OPM 2070Introduction to Business Statistics3
OPM 3050Introduction to Management Science and Operations Management3
Total Credits45
1

All other business CBK courses must be completed prior to taking BIZ 4000 Business Capstone (1 cr) and MGT 4000 Strategic Management and Policy (3 cr).

Arts and Sciences Core Requirements 

ENGL 1900Advanced Strategies of Rhetoric and Research 23
Select one of the following:3
ENGL 2250
Conflict, Social Justice and Literature
ENGL 2350
Faith, Doubt and Literature
ENGL 2450
Nature, Ecology & Literature
ENGL 2550
Gender, Identity & Literature
ENGL 2650
Technology, Media & Literature
ENGL 2750
Film, Culture and Literature
ENGL 2850
Nation, Identity and Literature
Foreign Language Literature
Select one of the following: 33
ENGL 4000
Professional Writing (strongly recommended)
English Literature
Fine Arts (Art, Art History, Dance, Film Studies, Music, Theatre)
CMM 1200Public Speaking 23
HIST 1110Origins of the Modern World to 15003
or HIST 1120 Origins of the Modern World (1500 to Present)
PSY 1010General Psychology3
Select two additional courses from the following:6
African American Studies
American Studies
Anthropology
History
Political Science
Psychology
Sociology
Women's and Gender Studies
MATH 1200College Algebra 43
MATH 1320Survey of Calculus 23
Natural Science course3
One additional Math or Natural Science course 53
PHIL 1050Introduction to Philosophy: Self and Reality3
PHIL 2050Ethics3
THEO 1000Theological Foundations3
THEO 2xxxTheology course3
Total Credits48
2

Must be completed by the end of the sophomore year in order to enroll in business courses junior year. MATH 1510 Calculus I (0,4 cr) or higher-level calculus course may be substituted for MATH 1320 Survey of Calculus (3 cr)

3

Upper-division foreign language may be substituted; however, students for whom English is a second language may not complete this requirement in their native language.

4

Students who place out of MATH 1200 College Algebra (0,3 cr) (based on a Math Index score) must replace it with another approved math course. 

5

MATH course must be approved.

Graduation Requirements

To be certified for graduation, a student must complete all course requirements and meet all of the following conditions:

  • Apply to graduate.
  • Earn a minimum 2.00 cumulative GPA in all SLU coursework; accounting students must earn a minimum 2.70 cumulative grade point average (GPA) in all SLU coursework and earn grades of “C” or higher in all courses that fulfill the major requirements; for all other majors, students must earn a minimum 2.00 cumulative GPA in all major courses that fulfill the major requirements.
  • Earn a minimum 2.00 cumulative GPA in all business coursework taken at Saint Louis University.
  • Complete the Arts and Sciences core as specified in the business school curriculum.
  • Complete 30 of the final 36 credits at the St. Louis campus or an approved study abroad program.
  • Complete at least 50% of business coursework in residence at the St. Louis campus.*
  • Complete major course requirements in residence at the St. Louis campus.*
  • Students transferring from the Madrid campus must complete a minimum of 40 credits of coursework, including a minimum of 30 credits of business coursework in residence at the St. Louis campus.*
*

Students may pursue the economics, international business or marketing majors at the St. Louis campus and/or at the Madrid campus. The residency requirement then applies to courses taken at either campus.

Roadmaps are recommended semester-by-semester plans of study for programs and assume full-time enrollment unless otherwise noted.  

Courses and milestones designated as critical (marked with !) must be completed in the semester listed to ensure a timely graduation. Transfer credit may change the roadmap.

This roadmap should not be used in the place of regular academic advising appointments. All students are encouraged to meet with their advisor/mentor each semester.  Requirements, course availability and sequencing are subject to change.

Plan of Study Grid
Year One
FallCredits
MATH 1200 College Algebra 3
BIZ 1000/1002 Business Foundations 1
ENGL 1900 Advanced Strategies of Rhetoric and Research 1 3
Arts & Sciences Core 2 3
Arts & Sciences Core 2 3
Arts & Sciences Core 2 3
 Credits16
Spring
MATH 1320
or MATH 1510
Survey of Calculus 1
or Calculus I
3
ECON 1900 Principles of Economics 3
OPM 2070 Introduction to Business Statistics 3
CMM 1200 Public Speaking 1 3
Arts & Sciences Core 2 3
 Credits15
Year Two
Fall
ACCT 2200 Financial Accounting 3
BTM 2000 Introduction to Business Technology Management 3
IB 2000 Introduction to International Business 3
Arts & Sciences Core 2 3
Arts & Sciences Core 2 3
 Credits15
Spring
ACCT 2220 Accounting for Decision Making 3
BIZ 3000 Career Foundations 3 1
BTM 2500 Data Modeling, Analysis and Visualization 3
MGT 2000 Legal Environment of Business I 3
ECON 3120
or ECON 3140
Intermediate Macroeconomics
or Intermediate Microeconomics
3
Arts & Sciences Core 2 3
 Credits16
Year Three
Fall
ACCT 3110 Financial Reporting I (Major) 4 3
ECON 3120
or ECON 3140
Intermediate Macroeconomics
or Intermediate Microeconomics
3
FIN 3010 Principles of Finance 3
MKT 3000 Introduction to Marketing Management 3
Arts & Sciences Core 2 3
 Credits15
Spring
ACCT 4110 Financial Reporting II (Major) 4 3
ACCT 4300 Federal Income Tax I (Major) 4 3
OPM 3050 Introduction to Management Science and Operations Management 3
Arts & Sciences Core 2 3
Arts & Sciences Core 2 3
 Credits15
Year Four
Fall
ACCT 4250 Accounting Information Systems (Major) 4 3
ACCT 4400 Auditing (Major) 4 3
MGT 3000 Management Theory and Practice 3
Arts & Sciences Core 2 3
Arts & Sciences Core 2 3
 Credits15
Spring
ACCT 3220 Cost Management (Major) 4 3
MGT 4000 Strategic Management and Policy 5 3
BIZ 4000 Business Capstone 5 1
Elective 3
Elective 3
 Credits13
 Total Credits120
1

Must have completed by end of sophomore year.

2

See list of Arts and Sciences core required for business students.

3

Must take second semester sophomore year unless studying abroad.

4

Must have SLU cumulative GPA of 2.7.

5

Must have completed all other Business Common Body of Knowledge courses.

2+SLU programs are formal  transfer agreements for students seeking an associate degree at a partner institution.