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Wayne Clark

Degree Requirements

Clubs & Organizations

Related Majors

In the News

Questions? Contact

Wayne Clark, CPA
Accounting Department Chair
(417) 328-1951
wclark@sbuniv.edu

Visit the Department of Accounting website for more information.

SBU’s Accounting program is designed to prepare you for professional certification exams.

The department has responded to suggestions from employers and alumni to strengthen each of its two majors to include more “information technology” and “communications skills.” Both the traditional Accounting major and the newer Accounting & Information Assurance major better prepare students by requiring more presentation opportunities, analysis and decision-making in teams, as well as exposure to current technology trends.

Each major is designed to help prepare you for certification exams like the CPA (Certified Public Accountant) and CMA (Certified Management Accountant). A unique requirement of the CPA Exam is to have 150 hours of college credit (including the appropriate accounting and business classes). Nearly all of our graduates achieve this in 4 years at SBU due to the careful planning we do for them before they start college.

The SBU Advantage

  • With about 10 majors per class, we develop very close relationships with motivated students to help guide them to success. The small class sizes (usually 8-10 in the upper-level major classes) let us use special types of instruction that aren’t possible at bigger schools (more student presentations, oral exams so students can improve communication skills and learn to “think on their feet,” one-on-one teaching opportunities).
  • Since the computer-based CPA Exam was introduced in 2004, SBU Accounting graduates have passed exam parts at a cumulative 58% rate versus a 46% national average. About 50% of SBU Accounting graduates are CPAs today, and almost one-third of our graduates do not attempt the exam.
  • SBU Accounting Alumni stay connected with the department. They have created the SBU Accounting Alumni Scholarship, share experiences with our students via club meetings, lead a mentoring program, and provide help in finding jobs for our graduates.
  • SBU Accounting majors regularly score the highest among SBU College of Business & Computer Science (COBACS) students on the annual Major Field Assessment Test (MFAT). COBACS students as a whole consistently earn very high scores (98th percentile most recently), and SBU Accounting majors had 3 of the top 4 scores and 6 of the top 9.

Course Information

Most of SBU Accounting students combine the Accounting major with another major (like Economics/Finance) or minor to reach the 150 hours required to sit for the CPA Exam. The Accounting & Information Assurance major will accumulate 150 hours on its own.

Download these PDFs that show typical four-year plans for accounting majors to complete 150 hours in 4 years:

Accounting major only
Accounting and Economics/Finance
Accounting and Information Assurance

Clubs and Organizations

Accounting Club and the student chapter of Institute of Management Accountants (IMA)
All SBU Accounting majors are encouraged to participate in Accounting Club and IMA. They may also join the national IMA organization to receive additional benefits.

Accounting Club activities include:

  1. Hosting, with help from SBU Accounting alumni, an annual “Interview Blitz” to help students, including freshmen, improve their interview skills.
  2. Taking a field trip each Fall Semester to a smaller CPA firm in Springfield, MO so students can learn first-hand about the many valuable services such firms provide.
  3. Visiting BKD, CPAs, the 10th largest CPA firm in the U.S., each spring semester (followed by Steak-n-Shake and baseball or bowling). BKD’s headquarters is in Springfield, and each of the visits helps students better understand their future opportunities and helps strengthen their “networking skills.”
  4. Bringing SBU Accounting Alumni and other accounting professionals to campus to share real-life experiences.
  5. Creating fellowship opportunities so young freshmen and sophomores can learn from veteran junior and senior SBU Accounting students.

Student Honors and Recognitions

SBU Accounting majors frequently are recognized regionally and nationally by accounting-related organizations. Read more

Scholarships for SBU Accounting Freshmen

SBU Accounting Alumni have funded a scholarship specifically designed to attract quality Accounting majors to SBU. The scholarship is available to incoming freshman Accounting majors at SBU for their initial academic year at SBU. Primary consideration will be given to applicants based on the following criteria:

  1. Expressly declaring a major in Accounting or Accounting & Information Assurance at SBU
  2. An ACT score (or equivalent SAT score) of 25 or above, and
  3. Evaluation of written responses to appropriate questions about Accounting-related topics.

Current SBU Accounting freshmen honored with this scholarship:

  • Kelli McNabb, Clever, MO
  • Maura Sturguess, Chillicothe, MO
  • Ashley Morgan, Granite City, IL
  • Matt Randolph, Lebanon, MO
  • Preston Tate, Fair Play, MO
  • Rebecca Brandon, Alton, MO

This scholarship is only for the student’s freshman year; for other years, students are encouraged to apply for COBACS Private Scholarships available to returning students.

Prospective applicants may contact B. Wayne Clark, Accounting Department Chair, at wclark@sbuniv.edu or (417) 328-1951 for more information.

Internship Opportunities

Internships are not required in SBU Accounting, but are strongly recommended. Internships offer experience working in a financial office environment, interacting with various staff, and being responsible to co-workers.

Faculty and alumni are great resources in helping students find internships. Students also are encouraged to “stay in touch” with their local community (family, friends) so they might assist in identifying opportunities. Nearly all accounting internships are “paid,” except for the program with the Bolivar School District for sophomore-level majors.

SBU Accounting majors interned at these organizations in the last several years:
1. The Heritage Foundation, Washington, D.C.
2. Leggett & Platt, Carthage, MO
3. Cerner Corporation, Kansas City, MO
4. Missouri State Auditors Office, Jefferson City, MO
5. Elliott, Robinson & Company, CPAs, Springfield, MO
6. Abacus, CPAs & Advisors, Springfield, MO
7. The Whitlock Company, CPAs, Springfield, MO
8. Davis, Lynn & Moots, CPAs, Springfield, MO
9. Associated Electric Cooperative Inc, Springfield, MO
10. Wal-Mart headquarters, Bentonville, AR
11. H&R Block, Bolivar, MO
12. Bolivar School District, Bolivar, MO
13. Accenture (Duck Creek Technologies), Bolivar, MO

Career opportunities

Accounting graduates are in high demand. Since 2002, all SBU Accounting graduates except 8 had employment in the accounting field within three months of graduation (most before graduation). Just 5 students went on to graduate school. Accounting is certainly a field that provides a great opportunity for a job with only a bachelor’s degree.

SBU Accounting Alumni Involvement

Our alumni willingly serve to assist our students and enhance our program in the following ways:

  • Advisory board: The accounting and business administration advisory board for the College of Business and Computer Science meets annually during Homecoming to help our programs focus on important elements that employers want to see in our graduates. The annual “Interview Blitz,” our new Accounting & Information Assurance major, and new class focusing on using technology in accounting are partly based on input from this advisory group.
  • Mentoring program: Several SBU Accounting Alumni have agreed to participate in a mentoring program that connects accounting majors interested in accounting/financial careers with SBU alums who remember the value and uniqueness of the “SBU experience” and who have succeeded in the “real” business world.
  • Working with students: SBU Accounting Alumni frequently speak to our student organizations to share about their careers and how to be servant leaders in the workplace. Alumni also help our majors improve their interviewing and “meet and greet” skills through our annual “Accounting Interview Blitz.”
  • Financial support: SBU Accounting Alumni have provided most of the funding for the SBU Accounting Alumni Scholarship dedicated to attracting top-quality students to SBU Accounting.

SBU Accounting Events

SBU Accounting is busy each Fall and Spring semester focusing on ways to help students learn about career opportunities, improve their communication skills, and fellowship with other students in our program. Read a typical schedule of events.

Degree Requirements

College CORE Curriculum

ACC 2013 Principles of Financial Accounting
An introduction to the concepts and principles underlying accounting and financial information as used in operating a business. Basic fundamentals of financial accounting from both a preparer’s and a user’s perspective will be presented. The impact of business events on an entity’s financial position will be emphasized through an understanding of an organization’s operating, investing, and financial activities.
ACC 2043 Principles of Managerial Accounting
A study of managerial accounting that focuses on the role of accounting in the improvement of management practices and pays specific attention to: cost accumulation, cost behavior, accounting analysis, budgeting, management decision-making and control, time-value-of-money and capital budgeting.
BUS 2013 Business Communication
A general introduction to the uses of communication in the business world today. Four major sections include basic language usage; communication foundations and writing principles; business letters, memos and emails; and problem analysis and report writing.
BUS 2023 Business Statistics
An introduction to business statistics. Students will calculate and interpret measures of center and dispersion. Normal, binomial, Chi-square, F, t, and Poisson distributions, elementary probability, sampling techniques, hypothesis testing, confidence intervals, linear correlation, simple and multiple regression, contingency tables and computer applications are also covered.
BUS 3073 Legal Environment of Business
Ethical, social and legal issues in business environment. The development and resolution of contemporary issues found in the business environment. Emphasis on the perspective and systematic approach to the law to such issues. Topical areas: legal history, reasoning, procedure; environmental, administrative, criminal and tort law; law of contracts, law of sales.
CIS 3303 Systems Management
This course examines the issues and challenges involved in the management and implementation of information systems. It includes a foundational understanding of information technology, an overview of the correlation between business and information systems, and the challenges associated with the integration of multiple applications across a variety of platforms.
ECO 2023 Principles of Microeconomics
A study of economic principles with emphasis upon microeconomics. Includes a study of economics of the firm, consumer demand theory and current problems.
ECO 2033 Principles of Macroeconomics
Study of the basic principles of macroeconomics designed to give a broad understanding of the economy. Emphasis upon aggregate problems and issues considered important to the nation.
FIN 3053 Business Finance
Study of the principles of financing short-term and long-term capital needs of business firms in keeping with an objective of maximizing the firm's value to its shareholders, i.e., stock price. Special attention given to Capital Asset Pricing Model, the various capital budget theories and computer applications.
LDR 4043 Ethics and Professional Development
A senior-level course that equips the graduating student with the life skills and information necessary for making the transition from college to the professional world. Emphases will be placed on career development, etiquette, and personal financial planning. Particular attention will be given to the role of personal and professional ethics from a Christian worldview.
MGT 3013 Principles of Management
The study of the process of management, which is the coordination of all the resources of organizations in order to achieve organizational objectives. The management process will be described, analyzed and applied to all types of organizations, indicating the universality of management.
MGT 3033 Operations Management
An introduction to operations management, which is the design, operation and improvement of the processes that transform inputs into finished goods and services so as to meet the goals of both manufacturing and service organizations. Students learn how to apply the basic analytical models to operations decisions involving planning, scheduling and controlling product and service facilities, product and service design, processes, cost, quality, quantity assurance, production, capacity, inventory management, just-in-time production, supply chain management, project management and distribution requirements.
MGT 4083 Strategic Management
Examine the cooperation that must exist across various functional areas of the business to effectively scan the environment and formulate, implement, evaluate and control corporate objectives, strategies, and policies in order to positively influence the long-term performance of the organization. A business simulation program will be extensively utilized to reinforce the objectives of the course. This course is the capstone requirement for majors in computer information science and all majors from the Departments of Accounting and Business Administration.
MKT 3023 Principles of Marketing
The study of the system of activities that constitute marketing with emphasis on the principles, policies and strategies utilized to identify and satisfy the needs and wants of consumers. The universal application of marketing management in all forms or organizations is stressed.
BUS 1193 Business Calculus
Derivatives and antiderivatives of functions inclusive of exponential and logarithmic, with applications to business and economics.

Accounting major courses

ACC 3023 Managerial Cost Accounting
Emphasizes cost accumulation by specific order, process, and overhead cost methods as managerial tools in planning, monitoring, and controlling organization activities. Additional focus is on the improvement of management practices through understanding the behavior of costs, budgeting, and accounting analysis.
ACC 3024 Intermediate Accounting I
Comprehensive study of current accounting principles and their application to the measurement and the reporting of assets and liabilities with emphasis on their effect on income and expense recognition. The concept of time-value-of-money as it relates to accounting is introduced.
ACC 3034 Intermediate Accounting II
Continuation of ACC 3024 with emphasis on the liability and the stockholders' equity sections of the balance sheet. Includes a study of financial statement analysis, the cash flow statement, and specific accounting issues such as investments, revenue recognition, income tax accounting, pensions/post-retirement benefits, leases, accounting changes and errors, earnings per share and segment reporting.
ACC 3033 Accounting Information Systems
Study of manual and computerized accounting information systems, business processes and their documentation, and the resulting transaction cycles to process accounting information of businesses and organizations. The course will emphasize the identification of risks in the accounting information system and the development and documentation of proper internal controls for the system in order to mitigate and control identified risks.
ACC 3063 Tax Accounting I
Course deals with federal tax laws. Primary emphasis placed upon research of federal tax treatment and tax planning of business transactions in the preparation of individual tax returns.
ACC 3073 Tax Accounting II
Continuation of ACC 3063. Course deals with federal tax laws as they pertain to partnerships, corporations, gifts, estates and trusts. Special emphasis on research of tax treatment and tax planning of capital changes, securities, foreign income and specially taxed entities.
ACC 3133 Financial Accounting Applications & Analysis
A study of data organization, management, and analysis as they relate to accounting systems. This class focuses on basic forensic accounting principles, the use of software applications such as Excel, ACL, and other G/L software to facilitate and improve financial and managerial accounting systems, and the use of the information therein to assist the organization in achieving its objectives.
ACC 4013 Advanced Accounting
Study of financial accounting principles as applied to partnerships, consolidations, foreign exchange and selected specialized areas of accounting practice.
ACC 4044 Auditing
Emphasis on the objectives of audits, duties and obligations of the auditor, principles and procedures utilized in conducting a financial statement audit.
ACC 4053 Accounting for Government and Not-for-Profit Entities
Study of the accounting principles applicable to federal, state and local government units and other not-for-profit organizations; emphasis on the use of funds in recording and analyzing unit operations.
BUS 3083 Business Enterprise Debtor and Creditor Rights
Legal alternatives in the structuring of the business enterprise and its relationships with employees. The rules of law governing financial transactions in today's business and personal affairs. Topical areas: agency, partnerships, corporation, personal property, real property, bailments, intellectual property rights, commercial paper, secured transactions and bankruptcy.
ECO 3023 Money and Banking
Study of history and present characteristics of money and banking structure in the United States. Emphasis upon monetary policy as it affects economic activity.

Accounting & Information assurance major (additional courses)

CIS 1144 Computer Science I
This course introduces the concepts of computer programming and problem solving and the associated ideas of algorithms and data structures. It is designed to provide the serious computer science student with basic skills and a solid foundation for further study. Includes an introduction to the Java programming language. Three lectures, one lab per week.
CIS 2213 Introduction to Systems Analysis and Design
Study of the phases a system project using current design tools and techniques. Includes an introduction and overview of several development methodologies with in depth study of one development methodology.
CIS 3323 Database Management
A study of the concepts and structures necessary to design and implement a database system.
CIS 4503 Principles of Information Assurance
This course provides an overarching model for information assurance for businesses, government agencies, and other enterprises needing to establish a comprehensive plan. All the components of security and how they relate are featured. Students will be guided through the construction of an effective security policy. Topics include asset identification, human factors, compliance with regulations, personnel security, risk assessment and ethical considerations are covered, as well as computer and network security tools and methods.
CIS 4513 Digital Foresnics Principles and Practices
This course provides the student a thorough background in the principles and practices employed in the field of digital forensics. The course provides students with a working foundation of the types of computer and electronic crimes being committed today, and identifies techniques used by offenders to compromise computer systems as well as vulnerabilities of computer and electronic systems. Practical applications of theory and academic study are included in outside of class laboratories.
CRJ 2313 Introduction to Criminal Justice
An analysis of the criminal justice system in the United States. An examination of crime and nature of law, aspects of criminal law and procedure, the courts and adjudication, the process of justice, and law enforcement.
ENG 4003 Technical Writing
The application of rhetorical principles to the writing of investigative and descriptive reports on scientific and technological subjects.