Bachelor of Science | Farmer School of Business
What is Accountancy?
Accountancy is the language of business, providing a way to describe and report business transactions. Accountants organize, analyze, and interpret the business information necessary to make decisions and plan for the future. They prepare profit and loss statements, balance sheets, cost studies, and tax reports, and they advise clients on other accounting and tax problems.
What are the features of Miami’s program?
Top national ranking
For the seventh year in a row, the Farmer School has been ranked in the Top 25 by Bloomberg BusinessWeek’s annual survey of the nation’s best undergraduate business programs. This year, we were ranked 23rd overall and 8th among public institutions. The Farmer School was again the top ranked institution in the state and the only Ohio school in the top twenty-five. Our undergraduate accountancy, Master of Accountancy, entrepreneurship and supply chain management programs consistently rank in the Top 25 in the country.
Additionally, a number of the programs within the Farmer School of Business have received national recognition. The survey of accounting educators conducted by Public Accounting Report ranked Miami's undergraduate accountancy program 19th and its Master of Accountancy (MAcc) program 25th.
Miami's accountancy program focuses on the skills that result in highly recruitable graduates. The program is designed to emphasize oral and written communication, computer technology, critical thinking and problem solving, professional research, and working in teams.
Miami's accountancy program offers many scholarships to undergraduate and graduate students. These scholarships are funded by individual donors, professional services firms, and corporations.
Target school for recruitment
Miami has one of the largest college career fairs in the country, with several hundred top organizations vying for our students every year. 98% of Farmer School 2013 graduates were either employed or enrolled full time in in graduate school within six months of graduation.* Our alumni are excellent examples of the quality of the educational experience we provide. More than 2,000 Farmer School alumni are presidents, CEOs, or owners of companies.
*Based on responses to our 2013 survey of graduates
What are the special admission requirements, if any?
Miami University’s Farmer School of Business is annually recognized as one of the nation’s best undergraduate business schools. Each year, the number of first-year applications for the Farmer School of Business (FSB) exceeds the number of spaces available. Admission to the FSB is competitive and based on a holistic and comprehensive review process which considers many factors to establish the context of students’ achievements and demonstrated potential to be successful in its rigorous curriculum.
For Fall 2014, the middle 50% of students gaining direct entry into the FSB held an ACT Composite Score of 27-31 and/or a SAT (C+M) score of 1210-1360. In addition, the middle 50% held a GPA of 3.68-4.09 (on a 4.0 scale) and a class rank of top 6% to 23%. Twenty-five percent of the students offered direct admission had an academic profile that exceeded these ranges and 25% had a profile that fell below. The academic qualifications required for admission are wholly dependent on the strength of the applicant pool, and we encourage applications from candidates with diverse backgrounds.
Upon admission to the Farmer School, you will pay tuition and fees set by Miami University, as well as an additional per-credit hour business surcharge for most business courses. For additional details on tuition and fees, visit the One Stop for Student Success Services.
What courses would I take?
The accountancy major begins with courses in the principles of accounting. Then you will take courses in financial and managerial accounting, accounting systems, taxation, and auditing.
The State of Ohio has adopted legislation that requires you to have 150 hours of education to become a CPA. Similar legislation has been adopted in almost all other states. This requires additional education beyond Miami's graduation requirements.
To meet these requirements, Miami's accountancy program offers a five-year program consisting of a four-year bachelor's degree and a one-year master's degree. Five-year program students graduate at the end of four years with a bachelor's degree and continue on for a fifth year to earn a master's degree. (You must apply to the Graduate School for admission to the Master of Accountancy program during your senior year.)
High-achieving students have the option of pursuing a dual-degree program in which they can earn both a bachelor's and a master's degree in accountancy within four years. After completing the program, they are qualified to sit for the CPA examination in the state of Ohio and most other states that have adopted the 150-hour education requirement. (Contact the department's Academic Program Coordinator to learn more about this option.)
Alternately, students may graduate at the end of four years with a bachelor's degree and find employment with accounting firms, corporations, and nonprofit organizations where undergraduate education is sufficient. You may also choose to continue your graduate education elsewhere or build toward 150 hours of undergraduate education.
What can I do with this major?
Accountants have a variety of career paths from which to choose. Within public accounting, you can work for any size firm, ranging from a large international CPA firm to a small, local accounting practice. Miami is a target recruiting school for the Big Four accounting firms—Deloitte LLP, EY LLP, KPMG LLP, and PwC LLP—and they hire many Miami graduates each year. You can also work for any type of business, from a corporate giant to a small operation. Miami graduates have gone on to work for companies such as Abbott Laboratories, Baxter International, CNA Insurance, Dow Chemical, Fifth Third Bank, Goodyear Tire & Rubber, JPMorganChase, Procter & Gamble, and Sherwin-Williams. Accountants can also work for nonprofit organizations or federal, state, or local government.
Who can I contact for more information?
Farmer School of Business
Student Services Office
Oxford, OH 45056