The major in accounting prepares students for a career in public accounting.
EMU Accounting Majors Pass the CPA Exam at High Rate
According to the 2011 NASBA Data and Trends Report, Eastern Mennonite University’s accounting students rank second in Virginia for first-time pass rate on all sections of the CPA Exam. EMU’s candidates passed the sections at a 72.2% rate, which is well above the state average of 53.9%. Only students from the University of Virginia passed at a higher rate in the category of candidates without an advanced degree. Nationally, first -time candidates pass the sections at 49.8%. NASBA also reports that EMU ranks 18th in the nation in the ‘Very Small’ category. This category includes 239 institutions with 5 to 9 candidates taking the exam.
Internships help students put classroom learning into effect in the real world. This experience “in the field” is vital to learning, and business and accounting students have been working and making a difference in area businesses for years.
Becca Hardy, (left) senior at EMU, said, “I started as a tax season intern where I scanned in clients’ tax information into the system for preparers to easily access. Since then, I’ve had the privilege to prepare tax returns, assist on audits, perform inventory counts, & work with some clients one-on-one. I have learned so much at Brown Edwards primarily because I get to help with several jobs & projects. I have never felt like an ‘intern’ which has made the learning experience even more valuable.”
“Becca has been an outstanding intern for us … the thorough, high-caliber preparation she’s received at EMU mixed with her strong work ethic has produced a solid, dependable employee that her school can be proud of.” —Jeff Smith, managing partner, Harrisonburg office, Brown Edwards & Co. Read more about Becca’s internship experiences and grades helped her win an accounting scholarship.
Jon Leaman ’13 said, “As I started my senior year at EMU, my accounting adviser recommended a Spring internship at Brown Edwards & Co. Looking back, I was blessed that my professor organized this opportunity for me. I was able to get a foot in the door at a public accounting firm and made relationships with a lot of great people. Once I began working full-time, I was given opportunities in both assurance and tax in the construction, municipality, financial institution and non-profit industries. This experience has allowed me to make a positive impact in our community. It all started with an internship.”
|ACTG 321 Intermediate Accounting I|
|ACTG 322 Intermediate Accounting I|
|ACTG 341 Cost Accounting|
|ACTG 421 Federal Income Tax|
|ACTG 422 Intermediate Accounting III|
|ACTG 432 Advanced Accounting|
|ACTG 451 Auditing|
|BUAD 411 Business Law|
|ECON 212 Principles of Macroeconomics|
|MKTG 301 Principles of Marketing|
Becoming a CPA
Virginia requires 120 semester hours to sit for the CPA exam, however, you must have 150 semester hours to be licensed as a CPA.
Most graduates do not qualify to take the exam until they finish more courses. EMU has a matriculation agreement with the masters program at nearby James Madison University that allows for completion of these additional credit hours. We also encourage accounting majors to complete a masters program to fulfill the requirements and become a CPA.
The accounting major consists of the core courses plus the courses in the box above for a total of 60 SH.