By pursuing the accounting major, you will develop strong technical and professional skills to succeed in a dynamic profession. Learn how emerging technologies are changing the landscape of business and gain an appreciation for the global and diverse nature of a career path in accounting.
Topics, skills, and concepts:
- Financial and managerial accounting, cost accounting, accounting systems, emerging technologies, taxation, audit and advisory services.
- Evaluate the economic transactions on which businesses are built, and organize and reporting the impact of those transactions. Learn to evaluate the tax impact of business decisions.
- Critical analysis, group dynamics, problem solving, and communication skills.
Related Student Organizations
Beta Alpha Psi
Institute of Management Accountants
Women in Finance and Accounting
Students wishing to pursue this major must be admitted to the School of Business. Once admitted, students are able to pursue any business major they choose. To find out more about the school's admissions process for undergraduate students, please see Entering the School.
Students declared in Business: Accounting BBA cannot earn the Certificate in Accounting, Summer Certificate in Business Fundamentals, Certificate in Business, or the Certificate in Entrepreneurship due to curriculum overlap.
University General Education Requirements
All undergraduate students at the University of Wisconsin–Madison are required to fulfill a minimum set of common university general education requirements to ensure that every graduate acquires the essential core of an undergraduate education. This core establishes a foundation for living a productive life, being a citizen of the world, appreciating aesthetic values, and engaging in lifelong learning in a continually changing world. Various schools and colleges will have requirements in addition to the requirements listed below. Consult your advisor for assistance, as needed. For additional information, see the university Undergraduate General Education Requirements section of the Guide.
General Education |
* The mortarboard symbol appears before the title of any course that fulfills one of the Communication Part A or Part B, Ethnic Studies, or Quantitative Reasoning Part A or Part B requirements. |
School of Business Requirements
The Wisconsin Bachelor of Business Administration (BBA) degree program is based on a broad educational foundation combined with courses in business and economics. This curriculum is designed for those students who wish to prepare for careers in business. Students completing any School of Business major are required to satisfy a common set of Pre-Business Requirements, Liberal Studies Requirements, Business Preparatory Requirement, Business Core Requirement, Business Breadth Requirement, and Credits for BBA Degree.
Code | Title | Credits |
---|---|---|
School of Business BBA Requirements | ||
Complete requirements: | ||
Pre-Business | ||
Liberal Studies | ||
Business Prep | ||
Business Core | ||
Business Breadth |
Accounting Major Requirements
The accounting major is a total of 24 credits, distributed as follows:
Code | Title | Credits |
---|---|---|
GEN BUS 302 | Business Organizations and Negotiable Instruments | 3 |
ACCT I S 301 | Financial Reporting I | 3 |
ACCT I S 302 | Financial Reporting II | 3 |
ACCT I S 310 | Cost Management Systems | 3 |
ACCT I S 340 | Accounting Information Systems | 3 |
ACCT I S 620 | Fundamentals of Taxation | 3 |
ACCT I S 621 | Corporate and Advanced Taxation | 3 |
ACCT I S 630 | Foundations of Auditing | 3 |
Accounting majors must take a minimum of 18 credits of ACCT I S courses numbered 301 or higher at UW-Madison | ||
Total Credits | 24 |
Recommended Electives1
Code | Title | Credits |
---|---|---|
ACCT I S 406 | Accounting and Analysis for Reporting Entities 2 | 3 |
ACCT I S 600 | Professional Experience in Accounting | 1-6 |
ACCT I S 601 | Professional Practice Issues in Accounting, Auditing, and Taxation | 3 |
ACCT I S 603 | Financial Statement Analysis 2 | 3 |
ACCT I S 640 | Foundation in Accounting Analytics 2 | 3 |
The following courses are recommended as program electives outside of accounting. The student is encouraged to elect as many as a program will permit. | ||
FINANCE/ECON 320 | Investment Theory 2 | 3 |
FINANCE 325 | Corporation Finance | 3 |
FINANCE 602 | Wealth Management & Financial Planning 2 | 3 |
FINANCE 635 | Business Valuation 2 | 3 |
FINANCE 650 | Mergers and Acquisitions 2 | 3 |
INFO SYS 322 | Introduction to Databases | 3 |
M H R 310 | Challenges & Solutions in Business Sustainability 2 | 3 |
M H R 617 | Diversity in Organizations 2 | 3 |
R M I 300 | Principles of Risk Management 2 | 3 |
R M I 650 | Sustainability, Environmental and Social Risk Management 2 | 3 |
R M I 660 | Risk Analytics and Behavioral Science 2 | 3 |
R M I 670 | Cyber Risk & Regulations 2 | 3 |
- 1
Students who are interested in sitting for the CPA Exam may consider taking 1–2 extra accounting courses, as CPA requirements vary from state to state. Further, students interested in sitting for the CPA Exam should take INFO SYS 322, which covers many CPA exam learning objectives and meets a requirement to sit for the CPA exam in Wisconsin prior to graduation with a MAcc degree.
- 2
Students interested in pursuing a Graduate Accounting degree from UW-Madison will have the ability to transfer up to 6 credits of undergraduate coursework to their graduate degree. These courses would be eligible to transfer under this policy.
University Degree Requirements
Total Degree | To receive a bachelor's degree from UW–Madison, students must earn a minimum of 120 degree credits. The requirements for some programs may exceed 120 degree credits. Students should consult with their college or department advisor for information on specific credit requirements. |
Residency | Degree candidates are required to earn a minimum of 30 credits in residence at UW–Madison. "In residence" means on the UW–Madison campus with an undergraduate degree classification. “In residence” credit also includes UW–Madison courses offered in distance or online formats and credits earned in UW–Madison Study Abroad/Study Away programs. |
Quality of Work | Undergraduate students must maintain the minimum grade point average specified by the school, college, or academic program to remain in good academic standing. Students whose academic performance drops below these minimum thresholds will be placed on academic probation. |
- Apply Generally Accepted Accounting Principles (GAAP) (and relevant assumptions, principles, and constraints) to prepare financial statements.
- Recognize that management accounting and control systems, providing financial and non-financial performance information, are integral to the successful design and implementation of an organizational strategy.
- Interpret and validate business events and transactions through the lens of business processes and systems.
- Demonstrate technical competence in income taxation of individuals, partnerships, corporations, and international organizations.
- Identify the legal implications of their choices and how the law impacts their interactions with others in a business setting.
- Explain how to complete an audit from beginning to end, applying auditing standards, assessing risk, and gathering evidence.
This page includes four sample four-year plans, two plans for students directly admitted into the School of Business from high school and two plans for students not directly admitted from high school. In each of the two sets of plans, the first plan represents the accounting major and the second plan represents the accounting major with the Integrated Master of Accountancy Program (IMAcc). We encourage all students to consult with their academic advisor to develop an individualized plan that meets their specific needs.
Plan 1: Accounting Major - DIRECT ADMIT
Freshman | |||
---|---|---|---|
Fall | Credits | Spring | Credits |
MATH 211 | 5 | ACCT I S 100 | 3 |
GEN BUS 106 | 1 | ECON 101 | 4 |
GEN BUS 110 | 1 | PSYCH 202 | 3 |
Communications A | 3 | M H R 300 | 3 |
Ethnic Studies | 3 | Humanities | 3 |
13 | 16 | ||
Sophomore | |||
Fall | Credits | Spring | Credits |
ACCT I S 211 | 3 | ACCT I S 302 | 3 |
ACCT I S 301 | 3 | ACCT I S 310 | 3 |
GEN BUS 306 | 3 | FINANCE/ECON 300 | 3 |
MARKETNG 300 | 3 | GEN BUS 307 | 3 |
ECON 102 | 4 | GEN BUS 360 | 3 |
16 | 15 | ||
Junior | |||
Fall | Credits | Spring | Credits |
ACCT I S 620 | 3 | ACCT I S 630 | 3 |
GEN BUS 301 | 3 | GEN BUS 302 | 3 |
OTM 300 | 3 | Business Breadth | 3 |
Science | 3 | Ethics1 | 4 |
Elective | 3 | Elective | 3 |
15 | 16 | ||
Senior | |||
Fall | Credits | Spring | Credits |
ACCT I S 340 | 3 | Business Breadth | 3 |
ACCT I S 621 | 3 | Literature | 3 |
Science | 3 | Electives | 8 |
Social Science | 3 | ||
Elective | 3 | ||
15 | 14 | ||
Total Credits 120 |
- 1
Students must choose one of the following courses: PHILOS 241 Introductory Ethics, PHILOS 243 Ethics in Business, PHILOS 341 Contemporary Moral Issues, PHILOS/ENVIR ST 441 Environmental Ethics
Note: A student pursuing this plan may end up taking more credits to reach 150 total credits to be eligible to sit for the CPA exam.
Plan 2: Accounting Major with IMAcc - DIRECT ADMIT
Freshman | |||
---|---|---|---|
Fall | Credits | Spring | Credits |
MATH 211 | 5 | ACCT I S 100 | 3 |
Communications A | 3 | ECON 101 | 4 |
GEN BUS 106 | 1 | PSYCH 202 | 3 |
GEN BUS 110 | 1 | M H R 300 | 3 |
Ethnic Studies | 3 | Humanities | 3 |
13 | 16 | ||
Sophomore | |||
Fall | Credits | Spring | Credits |
ACCT I S 211 | 3 | ACCT I S 302 | 3 |
ACCT I S 301 | 3 | ACCT I S 310 | 3 |
GEN BUS 306 | 3 | FINANCE/ECON 300 | 3 |
ECON 102 | 4 | GEN BUS 307 | 3 |
MARKETNG 300 | 3 | GEN BUS 360 | 3 |
16 | 15 | ||
Junior | |||
Fall | Credits | Spring | Credits |
ACCT I S 620 | 3 | ACCT I S 630 | 3 |
GEN BUS 301 | 3 | GEN BUS 302 | 3 |
OTM 300 | 3 | Business Breadth | 3 |
Science | 3 | Ethics1 | 4 |
Literature | 3 | Elective | 3 |
15 | 16 | ||
Senior | |||
Fall | Credits | Spring | Credits |
ACCT I S 340 | 3 | ACCT I S 600 | 6 |
ACCT I S 621 | 3 | ACCT I S 601 | 3 |
Science | 3 | Electives2 | 5 |
Social Science | 3 | ||
Business Breadth | 3 | ||
15 | 14 | ||
Total Credits 120 |
- 1
Students must choose one of the following courses: PHILOS 241 Introductory Ethics, PHILOS 243 Ethics in Business, PHILOS 341 Contemporary Moral Issues, PHILOS/ENVIR ST 441 Environmental Ethics
- 2
We recommend that IMAcc students who complete an internship during the spring semester fulfill these elective credits outside of the spring semester (summer, online, AP credits, etc.).
PLAN 3: ACCOUNTING MAJOR - NONDIRECT ADMIT
Freshman | |||
---|---|---|---|
Fall | Credits | Spring | Credits |
MATH 211 | 5 | ECON 101 | 4 |
GEN BUS 106 | 1 | PSYCH 202 | 3 |
Communications A | 3 | M H R 300 | 3 |
Ethnic Studies | 3 | Humanities | 3 |
Elective | 3 | ||
12 | 16 | ||
Sophomore | |||
Fall | Credits | Spring | Credits |
ACCT I S 100 | 3 | ACCT I S 211 | 3 |
GEN BUS 110 | 1 | ACCT I S 301 | 3 |
GEN BUS 306 | 3 | FINANCE/ECON 300 | 3 |
MARKETNG 300 | 3 | GEN BUS 307 | 3 |
ECON 102 | 4 | GEN BUS 360 | 3 |
OTM 300 | 3 | ||
17 | 15 | ||
Junior | |||
Fall | Credits | Spring | Credits |
ACCT I S 302 | 3 | ACCT I S 310 | 3 |
ACCT I S 340 | 3 | ACCT I S 620 | 3 |
Science | 3 | GEN BUS 301 | 3 |
Literature | 3 | Ethics1 | 4 |
Elective | 3 | Business Breadth | 3 |
15 | 16 | ||
Senior | |||
Fall | Credits | Spring | Credits |
ACCT I S 630 | 3 | ACCT I S 621 | 3 |
GEN BUS 302 | 3 | Business Breadth | 3 |
Science | 3 | Electives | 8 |
Social Science | 3 | ||
Elective | 3 | ||
15 | 14 | ||
Total Credits 120 |
- 1
Students must choose one of the following courses: PHILOS 241 Introductory Ethics, PHILOS 243 Ethics in Business, PHILOS 341 Contemporary Moral Issues, PHILOS/ENVIR ST 441 Environmental Ethics
Note: A student pursuing this plan may end up taking more credits to reach 150 total credits to be eligible to sit for the CPA exam.
PLAN 4: ACCOUNTING MAJOR WITH IMACC - NONDIRECT ADMIT
Freshman | |||
---|---|---|---|
Fall | Credits | Spring | Credits |
MATH 211 | 5 | ECON 101 | 4 |
Communications A | 3 | PSYCH 202 | 3 |
GEN BUS 106 | 1 | M H R 300 | 3 |
Ethnic Studies | 3 | Humanities | 3 |
Elective | 3 | ||
12 | 16 | ||
Sophomore | |||
Fall | Credits | Spring | Credits |
ACCT I S 100 | 3 | ACCT I S 211 | 3 |
GEN BUS 110 | 1 | ACCT I S 301 | 3 |
GEN BUS 306 | 3 | FINANCE/ECON 300 | 3 |
ECON 102 | 4 | GEN BUS 307 | 3 |
MARKETNG 300 | 3 | GEN BUS 360 | 3 |
OTM 300 | 3 | ||
17 | 15 | ||
Junior | |||
Fall | Credits | Spring | Credits |
ACCT I S 302 | 3 | ACCT I S 340 | 3 |
ACCT I S 310 | 3 | ACCT I S 620 | 3 |
Business Breadth | 3 | GEN BUS 301 | 3 |
Science | 3 | Ethics1 | 4 |
Literature | 3 | Business Breadth | 3 |
15 | 16 | ||
Senior | |||
Fall | Credits | Spring | Credits |
ACCT I S 621 | 3 | ACCT I S 600 | 6 |
ACCT I S 630 | 3 | ACCT I S 601 | 3 |
GEN BUS 302 | 3 | Electives2 | 5 |
Science | 3 | ||
Social Science | 3 | ||
15 | 14 | ||
Total Credits 120 |
- 1
Students must choose one of the following courses: PHILOS 241 Introductory Ethics, PHILOS 243 Ethics in Business, PHILOS 341 Contemporary Moral Issues, PHILOS/ENVIR ST 441 Environmental Ethics
- 2
We recommend that IMAcc students who complete an internship during the spring semester fulfill these elective credits outside of the spring semester (summer, online, AP credits, etc.).
Advising
Advising is an integral part of any student’s educational journey in the School of Business Undergraduate Program. Starting at Student Orientation, Advising, and Registration (SOAR), we encourage all students to connect with academic advisors. Business academic advisors have a wealth of knowledge about courses on campus, as well as policies and procedures.
Business career coaches help students with career exploration, internships, resumes, job search, interviewing and more. We encourage students to connect with their career coach once they arrive on campus.
Business academic advisors and career coaches are passionate about student success. Students experiencing academic difficulty or personal struggles are encouraged to talk to their advisor about how their individual situation may affect their academic performance.
Assigned Academic and Career Coaches
Admitted business students will have one assigned academic advisor. Career coaches are assigned by academic major to be able to provide industry-specific career guidance. If a student has more than one major, they may have more than one assigned career coach. Students can find their assigned advisor and coach by logging into the Starfish portal through MyUW.
For students not yet admitted to the School of Business, there is a team of pre-business advisors available.
Accessing Advising
Drop-in advising and scheduled appointments are available for admitted business students. Pre-business students may also schedule an appointment with a pre-business academic advisor or utilize drop-in academic advising.
For more information on accessing academic advising, please see our academic advising page.
For more information on accessing career coaching, please see our career coaching page.
Students may direct questions about the IMAcc program to Katharine Widlak (katharine.widlak@wisc.edu), director of the program, or their academic or career advisor.
Careers
The most common career paths in accounting include public and corporate accounting.
Public accountants work with clients to review or prepare financial documents. All areas of public accounting work together to inspect control processes and determine accuracy of financial information and compliance with laws, regulations, and generally accepted accounting principles. They make recommendations regarding business decisions and company finances. Public accounting includes audit/assurance and tax.
Corporate accountants manage an organization’s financials and provide expertise in financial reporting and control to assist management in forming and implementing business strategy. Corporate accounting is a broad term that can include many different functions, such as management accounting, internal audit, and financial analysis.
More information on Career Pathways.
Accounting Faculty and Staff
For more information about the faculty and their research interests, please visit the directory.
Certified public accountant (CPA)
The state of Wisconsin, and most other states, mandate that candidates for the CPA license must have earned a bachelor’s or higher degree and 150 credit hours. There are several degree options for completing these requirements at the University of Wisconsin – Madison, including:
- Master of Accountancy (MAcc): Students who earn the Master of Accountancy degree will meet the CPA requirements in most states. Students can pursue the MAcc degree through different paths, including:
- Integrated: Undergraduate business students pursuing the accounting major in the School of Business are eligible to apply for the Integrated Master of Accountancy (IMAcc) program. Students pursuing the IMAcc program will earn a Bachelor of Business Administration (BBA) degree with a major in accounting along with a MAcc degree, typically in about 5-years total. The IMAcc program culminates with students earning a minimum of 150-credits and eligibility for the CPA exam.
- Stand-alone: Any student who has earned a four-year undergraduate degree, in any discipline, from an accredited institution, may pursue the MAcc program. Students with an undergraduate major in accounting will complete a 1-year, 30-credit program. Any students applying with a non-business undergraduate major will complete a 2-year, 54-credit program. Upon graduation from the MAcc program, students will have a minimum of 150-credits and will be eligible for the CPA exam.
- Undergraduate Business Degree with Accounting Major: Students can meet the eligibility requirements for the CPA exam by completing a 120-credit BBA degree with a major in accounting along with 30-additional credits to meet the 150-credit requirement. Students pursuing this option should carefully consider the CPA eligibility requirements in the state in which they intend to get certified as many states will require additional accounting credits beyond what is included in the BBA accounting major. Students can earn the additional 30-credits as follows:
- Advanced Credits from High School: College credits earned in high school that are reflected on a student’s UW-Madison transcript may count towards the 30-additional credits for CPA eligibility.
- Double Major: Students may pursue an additional undergraduate major to achieve the additional 30-credits for CPA eligibility.
- Non-accounting Advanced Degree: Students who earn an undergraduate degree with a major in accounting and any other advanced degree (specialized masters, MBA, Law School, etc.) may be eligible for the CPA exam as long as they have 150-total credits.
- Undergraduate Credits: Students may earn the additional 30-credits by taking any undergraduate courses at a degree-granting institution.
Please consult the Department of Accounting and Information Systems for additional information.
Professional Certification/Licensure Disclosure (NC-SARA)
The United States Department of Education requires institutions that provide distance education to disclose information for programs leading to professional certification or licensure about whether each program meets state educational requirements for initial licensure or certification. Following is this disclosure information for this program:
The requirements of this program meet Certification/Licensure in the following states:
Wisconsin
The requirements of this program do not meet Certification/Licensure in the following states:
Not applicable
The requirements of this program have not been determined if they meet Certification/Licensure in the following states:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wyoming; District of Columbia; American Samoa, Guam, Northern Mariana Islands, Puerto Rico, U.S. Virgin Islands
Accreditation
AACSB International—The Association to Advance Collegiate Schools of Business
Accreditation status: Accredited. Next accreditation review: 2026–2027.