The role of accountants in business continues to evolve with the accelerating demands of a global economy. While traditional skills will always be in demand, accountants are now required to supplement their financial expertise with technical and communication skills. The next generation of accountants will need the knowledge and ability to analyze financial information and convert those results into predictive tools. Ultimately, successful businesses are managed by financial information. No one is better prepared or qualified to produce, analyze, and interpret that information than an accountant.
Job opportunities in accounting continue to expand. In the summer of 2006, some 451,000 accounting jobs were open according to Robert Half International. The Bureau of Labor Statistics predicts employment in the accounting profession to increase 10 to 20 percent by 2008. Some accounting graduates go into public accounting, which includes traditional audit services, tax services, and business consulting. Others seek employment in private industry or the nonprofit sector.
In order to sit for the Uniform Certified Public Accountant Examination, students are required to have 36 hours of accounting, all of which are available in the HSU curriculum. Students must also have 150 total hours ofacademic credit from an accredited institution; that is, 26 hours beyond the 124 hours required for the B.B.A. degree.
The CPA examination and its prerequisites are only required of those students going into public accounting. For those going into private industry or the nonprofit sector, the traditional B.B.A. with a major in accounting will be adequate preparation. The Kelley College of Business does offer the joint B.B.A.-M.B.A. program, so that students working toward the 150-hour requirement can obtain a masters degree with little addition coursework.