As an accounting major at UW Oshkosh, you may pursue either a 120 credit or 150 credit program. The latter is required to sit for the CPA exam. Regardless of which program you pursue, the accounting curriculum is a balanced program in financial and managerial accounting, offered in a lock-step manner (i.e., course offered in either semester, not both semesters). Students gain the skills and knowledge, and build the relationships to succeed in the accounting profession.
Recommended Options for Additional Credit Hours:
1. Earn a second major – in COB (e.g. Finance)
2. Take a tailored set of courses
- Elective courses in accounting – e.g. Fraud Examination (ACCT 407), Advanced Accounting (ACCT 408), Topics (ACCT 409 – if offered), Business Law II (BUSINESS 322)
- Courses in Finance – e.g. Advanced Financial Management (FINANCE 436), Business Risk Management and Insurance (FINANCE 440), Financial Planning for Individuals (FINANCE 351), Financial Statement Analysis (FINANCE 431)
- Other COB courses – e.g. Employee Relations (MHR 382), Entrepreneurship (MHR 373), ERP Systems (INFO SYS 446), Managing the Small Growing Business (MHR 475), Internship (BUSINESS 492)
- Courses outside COB – e.g. Advanced English Grammar (Eng 301), Topics-Grammar & Style (Eng 387), Business and Professional Speaking (Communication 304)
Professional recognition as a management accountant can be obtained by passing the examination required for a Certificate in Management Accounting (CMA).
The CMA exam consists of two parts:
- Financial Planning, Performance and Control
- Financial Decision Making
Students are eligible to apply to take the CMA exam during their (graduating) senior semester, and are also eligible to receive a 50 percent discount on the exam fee.
Under Wisconsin state law, any individual who practices public accounting, including auditing financial accounting records and preparing of accounting reports which are made public, must be licensed as a Certified Public Accountant (CPA). In Wisconsin, to sit for the exam the candidate must have 150 semester hours of education, an accounting concentration and a minimum of a bachelor's degree.
The CPA exam (150 hour requirement) has four sections:
- Auditing and Attestation (AUD)
- Business Environment and Concepts (BEC)
- Financial Accounting and Reporting (FAR)
- Regulation (REG)
Wisconsin also has a three-year practice requirement which must be met before a certificate is granted. This experience must include 1 1/2 years at a level where an individual is responsible for independent decisions.