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?
- More than 60% of our students include international study in their Farmer School education.
- More than 90% were involved in extracurricular activities.
- 92% of our students had internships, and for 65% of them, it translated into an offer of a post-graduation full time position.
- 100% had multiple opportunities to work with actual clients, solving real business issues in case competitions, course projects, and experiential learning.
- Our undergraduate accountancy, Master of Accountancy, Master of Economics, Entrepreneurship and Supply Chain management programs consistently rank in the Top 25 in the country.
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. 93% of Farmer School 2015 graduates seeking full time employment had accepted a job prior to graduation.* Almost half of our graduating seniors received multiple job offers. 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 2015 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 2016, the middle 50% of students gaining direct entry into the FSB held an ACT Composite Score of 28-32 and/or a SAT score of 1250-1400 (based on old SAT Scoring of Critical Reading + Math). In addition, the middle 50% held a GPA of 3.65-4.15 (on a 4.0 scale). 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, students will pay tuition and fees set by Miami University, as well as an additional per-credit hour business surcharge for most business courses. For detailed information, visit the One Stop.
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. You will also take six hours of business electives. You may also consider a double-major or a minor in another area inside or outside of business.
The State of Ohio has adopted legislation that requires you to have 150 hours of education, including 30 hours of accounting courses, to become a CPA in Ohio. Almost all other states require 150 hours of education. Many states require additional accounting courses and specific courses in other areas. Therefore, to become a CPA in Ohio and other states, you need additional education, including additional accounting courses, beyond Miami's graduation requirements.
To meet the education requirements to become a CPA, 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, JPMorgan Chase, 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