The discipline of accounting provides financial and other information essential to the efficient conduct and evaluation of the activities of any organization. Accounting includes the development and analysis of data, the testing of its validity and relevance, and the interpretation and communication of the resulting information to intended users.
The Lake Superior State University Accounting Department offers two degree programs:
The four-year undergraduate program leads to a Bachelor of Science degree in Accounting. This program emphasizes practical skills and theoretical knowledge in accounting to prepare students for careers in public and private accounting and advanced study within the discipline. This program also provides students with a strong foundation in other business disciplines and general education. Students who complete this program are eligible to sit for the Certified Public Accountant and Certified Management Accountant examinations.
The two-year Associate in Technical Accounting program is designed for those who do not plan to go to college for four years but desire a working knowledge in the field of accounting. The program provides students with an understanding of the accounting techniques used in business as well as exposure to economics, finance business law and business communication. After completing this program, students may transfer to the four-year program without loss of credits.
Small Class Size
The typical class size of LSSU accounting courses is 10-20 students, allowing a personal learning experience with full-time faculty members.
LSSU accounting professors bring their public and private accounting experience into the classroom and focus on practical application. For example, accounting students have the opportunity to prepare income tax returns for community members through the
IRS sponsored Volunteer Income Tax Assistance program. LSSU accounting professors also work with students and employers to provide internship opportunities, many of which lead to full-time employment upon graduation.
LSSU’s Bachelor of Science in Accounting degree is accredited by the AccreditationCouncil for Business Schools and Programs (ACBSP).
Lake Superior State University student Kali Brosco of Sault Ste. Marie, Mich., accepts the Sault Area Chamber of Commerce Achievement Award from business professor/chair Mindy McCready and Chamber board chair Tony Haller during an annual recognition dinner held April 22 in Sault Ste. Marie, Mich. The award is presented each year to an outstanding senior and is one of the highest honors an LSSU business student can receive. Brosco graduated with a bachelor of science degree in accounting, an associate degree in technical accounting along with a minor in finance and economics.
The Bachelor of Science program has a comprehensive curriculum that includes the following required accounting courses:
ACTG132 – Principles of Accounting I
ACTG133 – Principles of Accounting II
ACTG232 – Intermediate Accounting I
ACTG233 – Intermediate Accounting II
ACTG332 – Cost Accounting I
ACTG333 – Cost Accounting II
ACTG334 – Accounting Information Systems
ACTG421 – Federal Taxation Accounting I
ACTG422 – Federal Taxation Accounting II
ACTG427 – Auditing
ACTG432 – Advanced Accounting I Consolidations
ACTG433 – Advanced Accounting II Governmental
LSSU accounting students have the opportunity to participate in various student organizations that allow them to further explore the business world including the Accounting Club and Enactus.
LSSU accounting students get rewarding jobs in their field. Employers who have hired our recent graduates include:
Anderson, Tackman and Company
Central Savings Bank
Precision Edge Surgical Products
Projected Job Growth
Average Staring Salary*
Career opportunities are virtually limitless for an accounting student entering the job market, as accountants are employed in all areas of business, industry, government, law and education. There are two main career paths for accountants: public and private.
Public Accountants work for public accounting firms or are sole practitioners and are generally licensed Certified Public Accountants (CPA). They perform a broad range of accounting, auditing, tax and consulting services for a wide variety of clients including corporations, government entities, non-profit organizations and individuals.
Private accountants are concerned with the collection and analysis of financial data within a particular organization. They are charged with financial and management accounting, asset management, internal auditing and budgeting duties. Many private accountants obtain the Certified Management Accountant (CMA) designation.
*According to the National Association of Colleges and Employers, the 2014 average starting salary.
The Lukenda School of Business at Lake Superior State University has been granted initial accreditation from the Accreditation Council for Business Schools and Programs (ACBSP), a leading accreditation association in business education. Continue Reading…