PROGRAM DESCRIPTION

Corporate Accounting Program
A Four Year Program with an Optional Fifth Year
In November 1995, Governor Whitman signed a bill that will require Certified Public Accounting (CPA) candidates in the year 2000 to complete150 credit hours to sit for the CPA exam. In response to the change in certification requirements, the Department of Accounting and Information Systems and the School of Management--Newark implemented a new program in Corporate Accounting in the Fall 1996 semester. This program is unique in that it was "Designed by Corporate America for Corporate America" and will prepare our students for careers in management (private) accounting. After completion of this program, the student can sit for both the Certified Management Accountant (CMA) and the Certified in Financial Management (CFM) examinations. At the same time, our new program better prepares students for careers in public accounting and employment by the Big Six public accounting firms. Students intending to pursue a career in public accounting must complete the Optional Fifth Year program leading to the degree of Master of Accountancy. The student can sit for the Certified Public Accountant (CPA) examination after completion of the Optional Fifth Year.

Admission to the Master of Accountancy Program (the Optional Fifth Year) generally requires the GMAT examination and a 3.0 Grade Point Average (GPA). This program was designed with the dedicated assistance of the Managerial Accounting Advisory Board. The Board worked for a two year period and was made up of highly skilled business executives from the following organizations.
		American Tack and Hardware Corporation
		AT&T
		Blue Cross and Blue Shield of New Jersey
		CIT Group
		Institute of Management Accountants
		Johnson and Johnson
		Madison Capital Advisors
		Fleet Bank, National Association
		Prudential Insurance Company of America
		Ricola USA, Inc.
		Russell-Stanley Corporation
		Schering-Plough Corporation
		Wakefern Food Corporation

Members of the Advisory Board were asked to conduct detailed surveys in their organizations and identify the skill and knowledge areas necessary to succeed in careers in Corporate America. On the basis of the Practice Analysis Reports presented by members of the Board, the program in Corporate Accounting was developed. Board members also assisted in developing Co-ops and Internships for the Corporate Accounting program. Many Board Member corporations have agreed to participate in the Co-op and Internship programs. Full-time Co-ops and Internships will be available for six and three month periods, respectively. Shorter internships will also be available during the mid-winter recess. Depending on the structure and the sponsoring corporation, the Co-ops and Internships will carry six and three college credits respectively, with competitive compensation. The details of this program are presented in the following package.
[Next Page]