2017-2018 Undergraduate Catalog [ARCHIVED CATALOG]
Department of Accounting, Finance and Economics
Brian S. Masterson, Assistant Professor and Academic Chair
Charles E. Frasier, Professor and Charles E. Frasier Professor of Accountancy
Susan C. Galbreath, Professor
Richard J. Grant, Professor
Jeff J. Jewell, Professor
Mark E. Jobe, Associate Professor, Hilton and Sallie Dean Chair of Accountancy
Jeffrey A. Mankin, Assistant Professor
Perry G. Moore, Professor/Director Graduate Business
Julio Rivas-Aguilar, Assistant Professor
The mission of the Department of Accounting, Finance and Economics is to develop ethical, effective practitioners and scholars in the related disciplines of accounting, finance and economics.
Distinctives of the Accounting Program
The accounting program was one of the first programs accredited for accounting by the Accreditation Council for Collegiate Business Schools and Programs. The accounting program is recognized for its academic excellence and preparation of students for successful careers in the accounting profession. The accounting program has experienced a 100 percent placement rate for accounting graduates over many years and has a proven track record of preparing students for the CPA Examination.
The accounting program offers several attractive options in accounting education:
• An undergraduate accounting major with a choice of four concentrations (15 upper division accounting hours plus 9 hours in one of four concentrations):
• Data Science
• Law and Politics
• A 18-hour Certificate of Accountancy Program (CAP) designed for students with a bachelors degree who did not major in accounting but aspire to become eligible to sit for the CPA Examination
• A 12-hour Graduate Certificate in Professional Accountancy, which can be conveniently combined with the undergraduate CAP certificate to obtain 30 hours of accounting
• A 30-hour Master of Accountancy degree (MAcc)
• A 9-hour Integrated Accounting Seminar (Accounting Boot Camp) for MAcc candidates who were not accounting majors
Majors in accounting are required to have an accounting internship to further integrate the academic and experiential areas of accounting.
Our accounting faculty has extensive experience in the professional practice of accounting, auditing and tax planning and are able to translate this experience into practical classroom applications.
Activities and Organizations
Career Opportunities - Accounting
- Public accounting
- Internal auditing
- Managerial accounting
- Government and nonprofit accounting
- Law school
Lipscomb’s Accounting Program and the CPA Examination
The Tennessee State Board of Accountancy requires candidates for the CPA license to pass all four parts of the Uniform CPA exam and complete 150 hours of education, with specific requirements in both accounting (30 hours) and business (24 hours).
In order to prepare our students for the CPA examination, Lipscomb University offers the following options:
- Obtain the B.B.A. and M.Acc. degrees. This option provides both an undergraduate degree with a business major and a Master of Accountancy degree in 150 total hours of course work.
- Obtain the B.B.A. and M.B.A. degrees. This option provides both an undergraduate degree with a major in accounting and a Master of Business Administration degree with a 9-hour concentration in accounting and finance.
Obtain the undergraduate Certificate in Accountancy and the graduate Certificate in Professional Accountancy. Together, the 18-hour undergraduate Certificate in Accountancy and the 12-hour graduate Certificate in Professional Accountancy provide for a total of 30 accounting hours. These hours will be combined with the student’s existing hours for a total of 150 hours.
For students not pursuing the CPA credential, the B.B.A. degree with a major in accounting is available by taking the prescribed course work provided under the accounting major details below.
Finance and Economics Program
Students completing either of the two finance tracks (i.e., investments or accounting) with a GPA greater than 3.0 will meet the education requirements of the MFPTM Master Financial Professional TM Program. Graduates are encouraged to obtain professional credentials, such as the distinguished Chartered Financial Analyst (CFA) and the Certified Financial Planner (CFP) designation.
Distinctives of the Finance and Economics Program
Tennessee Valley Authority Investment Challenge
Students enrolled in FI 4813 participate in the TVA Investment Challenge, an annual competition among 24 student teams at 25 schools in the TVA region. Other schools in the competition include Vanderbilt University, the University of Tennessee, the University of Kentucky and the University of Mississippi. Each team manages an all-equity portfolio of approximately $500,000. Since Lipscomb began participating in this program in 2003, its teams have won performance awards in eight years.
Other Events and Programs
- Annual Career and Networking Event. Students can network with employers at this event and learn more about career opportunities.
- Internships. Students are required to participate in a finance internship program with excellent opportunities being available in Middle Tennessee and other locations.
Awards of Excellence and Scholarships. Juniors and seniors majoring in finance may be recognized for outstanding achievement and may be selected for scholarships awarded at the annual College of Business Awards Program.
Swang Society. Serves all students interested in the fields of accounting and finance, and provides opportunities for both professional and social networking with potential employers and business faculty.
Student Center for the Public Trust. Lipscomb University is home to the inaugural Student Center for the Public Trust chapter, created in 2009 by the NASBA Center for the Public Trust, to focus on education and engaging future business leaders on ethics, accountability and integrity.
Financial services in:
- Real estate
- Personal financial planning
- Corporate financial management
- Internal Auditing
Program of Study RequirementsMajorMinorCertification