Accounting (AAS)

The Associate of Applied Sciences Degree in Accounting offers students the opportunity to develop the fundamental skills and knowledge in the accounting field. It provides the technical preparation that allows Program graduates to perform basic tasks in the accounting field. This program offers the student the opportunity to continue studies leading to the Bachelor’s Degree.

Students must pass the required major courses with a minimum grade of C.

All campuses are authorized to offer this Program. The Aguadilla, Bayamón, Guayama and Ponce campuses are also authorized to offer this Program through online education.

Competencies Profile of Graduates

This Program is designed to develop the competencies that will enable students to:

Knowledge

Knowledge and understanding of:

1. the accounting theory using as its base the generally accepted principles of financial accounting in the national and international environment.
2. the state tax legislation.
3. the theory of managerial and cost accounting for their application in organizations.
4. the information and communication technology used in accounting processes.
5. the legal responsibility, the ethical principles and the Code of Ethics of the accounting profession.

Skills

1. Apply the theory and the principles of financial accounting to prepare, analyze and report on the economic results and the financial situation of the organization.
2. Apply the provisions of the Code of Internal Revenue of Puerto Rico and the United States (federal) and their amendments to determine the taxes of the individual.
3. Apply the theory of managerial and cost accounting and for the accumulation, allocation, communication of results and analysis for decision making.
4. Analyze the accumulation of costs for the purpose of planning, implementing and controlling the operations of the company.
5. Use information and communication technology related to the accounting profession.

Attitudes

1. Value the importance of continuous learning to stay competent in the profession.
2. Demonstrate an ethical conduct in the different scenarios that you are in.
3. Demonstrate interest in participating in professional activities that contribute to your academic and professional development, such as workshops, lectures, seminars, professional contests encounters, internships.

Requirements for the Associate of Applied Science Degree in Accounting

General Education Requirements	24 credits
Major Requirements	34-35 credits
Elective Courses	3 credits
Total	61-62 credits

General Education Requirements - 24 credits

GESP	Spanish - Select 6 credits from the GESP category	6
GEEN	English - Select 6 credits from the GEEN category	6
GEP-GEMA 1200	Fundamentals of Algebra	3
GEP-GECF 1010	Introduction to the Christian Faith	3
GEP-GEIC 1010	Information and Computing Technologies	3
GEP-GEHS 2010	Historical Process of Contemporary Puerto Rico	3
	Or
GEP-GEEC 2000	Entrepreneurial Culture	3

Major Requirements - 34-35 credits

ACCT 1161	Introduction to Financial Accounting	4
ACCT 3041	Puerto Rico Tax System for Individuals	4
	Or
ACCT 3085	Federal Taxes for Individuals	3
ACCT 3055	Cost Accounting I	4
ACCT 3061	Intermediate Accounting I	4
ACCT 3062	Intermediate Accounting Ii	4
ACCT 3030	Computerized Systems Applied to Accounting	3
BADM 1900	Fundamentals of Business Management	3
FINA 2101	Corporate Finance I	3
MAEC 2211	Principles of Microeconomics	3
MAEC 2221	Basic Statistics	3

Note: Students, in consultation with their academic adviser, will select between ACCT 3041 and ACCT 3085, the course that is more appropriate in agreement with their professional interests and with their field. By way of exception, the AAS in Accounting can offer 3000 level courses.