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Financial accounting

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Need Career & Internship assistance? Schedule an appointment with the Strome College of Business Career Development Services staff. Also be sure to check out Careers4Monarchs for posting of jobs/internships and details of all career related events.

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The Strome College of Business School of Accountancy mantains two electronic mailing lists that provide opportunities for alumni and current students to connect and engage with the School. The student list is used to disseminate information related to accounting education, advising, club activities, and job openings. The alumni list is used to provide information about upcoming events sponsored by the School of Accountancy or the Accounting Alumni Association. It is also used to post job opportunities and CPA Review Course information. No spam or junk mail will be sent to these list serve.

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The Department of Accounting prides itself on the two student organizations it sponsors.

Beta Alpha Psi is the national honors accounting fraternity. Membership is based on a student's accounting grade point average. The local chapter, Zeta Pi, offers on-campus professional programs, field trips to corporations, service projects, and the Volunteer Income Tax Assistance (VITA) program. Additional information can be obtained by contacting the faculty advisor, Mr. Randy Spurrier at his office phone number, (757) 683-6312, or e-mailing him at rspurrie@odu.edu.

MAAC Club (Management Accounting and Auditing Club) is open to any interested accounting student. The club offers professional programs under the sponsorship of the Institute of Management Accountants, the Institute of Internal Auditors, the Association of Government Accountants, and the AICPA. Students joining the group become members of these professional societies. There is no minimum GPA to join MAAC. Additional information can be obtained by contacting Dr. Douglas Ziegenfuss at his office phone number, (757) 683-3514, or e-mailing him at dziegenf@odu.edu.


Resources

Accounting, as the world's oldest information system, provides information for most government, non-profit, and business decisions. Accounting graduates pursue successful careers in the public or private sectors.

Accounting Organizations

CPA Firms in Virginia


FAQ's

What is accounting?

Accounting is the language of business, encompassing all phases of business operations as well as specialized accounting knowledge. Accounting is oriented to both preparers and users of financial information. Many organizations choose their corporate executives form the ranks of the accountant because of their broad training and expertise.

What careers are available in accounting?

Accounting graduates have a wide variety of career choices. Private accounting or industry offers graduates a chance to pursue managerial accounting, cost accounting or internal auditing careers.

The not-for-profit sector includes federal, state and local governments; colleges and universities; heath care institutions and other such organizations.

Public accounting consists of the "Big-Four" international CPA firms, as well as national, regional, and local firms. Accountants in this area may pursue an interest in auditing, taxation, financial accounting, or systems advisory services.

What awards are available for accounting majors?

Several awards are available for accounting majors displaying scholastic achievement, leadership abilities, and involvement in student activities. Awards are given by the Virginia Government Finance Officer's Association, the Association of Government Accountants, the Virginia Society of CPAs, the Institute of Internal Auditors, and the Institute of Management Accountants. A number of other organizations also have scholarships available to students majoring in accounting.

A number of professional certifications are available to accounting graduates. The best known is the Certified Public Accountant (CPA) designation, which gives the holder the right to practice public accounting. The American Institute of CPAs offers the CPA exam each year in early May and November. Most states also require a period of work experience in addition to the successful completion of the exam for an individual to receive certification.

The Certified Management Accountant (CMA) also requires successful completion of an exam and work experience for an individual to receive certification. The Institute of Management Accountants offers the CMA exam year round.

Other certifications include the Certified Internal Auditor, Certified Government Financial Manager, Certified Fraud Examiner, Certified Financial Manager and Certified Information Systems Auditor.

What educational opportunities are available after I graduate?

Students successfully completing their baccalaureate degree may consider pursuing a Masters of Science in Accounting at Old Dominion. As many states require 150 semester hours to sit for the CPA exam, a graduate degree is a way to satisfy this requirement.

Can I double major or minor in another business field?

Accounting majors who want to broaden their employment potential often pursue an additional business major or business minor. These courses can be used to fulfill free 300-400 electives, 200-400 business elective, but not to fulfill the Upper Division General Education Electives.

The Option D Electives (6 credits) can be fulfilled by any 200-400 non-business courses if you minor or double major in business.

Could I minor in Accounting?

The Department of Accounting offers an accounting minor for students majoring in other disciplines. The minor includes Acct 301 plus 9 hours of 300 and/or 400 level Accounting courses, however, students must fulfill the prerequisites for those courses. ACCT 201 and 202 are prerequisites for all accounting courses.

What real world experience is available?

In conjunction with the Old Dominion Career Advantage Program, several companies in the Tidewater area offer internships for accounting majors. Students in their junior or senior year can receive academic credit for their participation in these programs, as well as valuable work experience.

What professional certifications are available to Accounting graduates?

The American Society of CPA's sponsors the Certified Public Accountant (CPA) designation which gives the holder the right to practice public accounting. Most states require a period of work experience in addition to the successful completion of the exam for an individual to receive certification.

The Institute of Management Accountants sponsors the Certified Management Accountant (CMA designation also requires successful completion of an exam and work experience).

Other certifications include the Certified Internal Auditor, Certified Government Financial Manager, Certified Fraud Examiner, Certified Financial Manager and Certified Information Systems Auditor.