N.Y. Comp. Codes R. & Regs. tit. 8 § 52.13

Current through Register Vol. 46, No. 45, November 2, 2024

Section 52.13 - Accountancy

(a) Prior to August 1, 2004, the program shall meet the curricular requirements in this subdivision or subdivision (b) of this section.

(1) Undergraduate curriculum. An undergraduate curriculum shall lead to a baccalaureate degree and include not less than 120 semester hours or their equivalent, including the following semester hours or their equivalent in the specified subjects:

Subject	Semester hours
Accounting, including course coverage in each of the following subject areas- accounting principles, cost accounting, tax accounting and auditing	24
Commercial law	6
Finance	6
Business statistics	3
Business and accounting electives	21
Economic principles (which may be used to satisfy the business and accounting electives requirement)	6

The department may recognize a curriculum of comparable course content but with fewer semester hours, if given either wholly or partly at the graduate level, as being equivalent to the undergraduate curriculum outlined above.

(2) Graduate curriculum. A graduate curriculum shall include not less than the following semester hours or their equivalent in the specified subjects depending on the undergraduate preparation of the students:

Subject	Semester hours
(prerequisites for the respective programs are described below)	Alternative A	Alternative B
Accounting, including at least one course each in accounting theory, tax accounting, and auditing, and in addition, under the B program, at least one course in cost accounting	9	24
Economic analysis	3	3
Finance	3	3
Commercial law-six semester hours at the undergraduate level will be considered equivalent	4
Other business and accounting electives	15	26
Total	30	60

(i) The prerequisite for alternative A is a bachelor's degree or the equivalent in the field of accounting or business administration, including at least 21 semester hours of accounting and meeting the minimum semester hour requirements in the other subjects set forth in paragraph (1) of this subdivision. Deficiencies of not more than three semester hours each in any two of the following subjects may be made up by using electives in the graduate curriculum:

(a) accounting;

(b) commercial law;

(c) finance;

(d) economics; and

(e) business statistics.

Further deficiencies may be duly made up, but credit therefor may not be applied to the 30-semester-hour requirement above.

(ii) The prerequisite for alternative B is a bachelor's degree or the equivalent in a field other than accounting or business administration, including:

(a) at least six semester hours in economic principles;

(b) at least six semester hours in finance; and

(c) three semester hours in business statistics.

If such curriculum did not include the requirements set forth in this paragraph relating to economic principles, finance and business statistics, equivalent study in these subjects shall be carried out through the use of electives in the graduate curriculum.

(b)

(1) Definitions. As used in this subdivision:

(i) Prior to August 1, 2027, professional accountancy content area shall mean curricular content in professional accountancy that includes but is not limited to each of the subjects identified in clauses (a) through (d) of this subparagraph and may also include but need not be limited to the subjects identified in clauses (e) through (g) of this subparagraph:

(a) financial accounting and reporting;

(b) cost or managerial accounting;

(c) taxation;

(d) auditing and attestation services;

(e) fraud examination;

(f) internal controls and risk assessment; and

(g) accounting information systems.

(ii) Prior to August 1, 2027, general business content area shall mean curricular content relating to the development of knowledge in traditional business principles and technical skills. Curricular content in general business may but is not limited to each of the following subjects:

(a) business statistics;

(b) business law;

(c) computer science;

(d) economics;

(e) finance;

(f) management;

(g) marketing;

(h) operations management;

(i) organizational behavior;

(j) business strategy;

(k) quantitative methods; and

(l) information technology and systems.

(2) Curriculum. On or after August 1, 2004, in addition to meeting all applicable provisions of this Part, to be registered as a program recognized as leading to licensure in public accountancy which meets the requirements in section 70.2 of this Title, such program shall be a baccalaureate or higher program that, by requisites or prerequisites, shall ensure completion of at least 150 semester hours or its equivalent, including a minimum of 33 semester hours or its equivalent in the professional accounting content area and a minimum of 36 semester hours or its equivalent in the general business content area. Such curriculum shall include the study of business and accounting communications, ethics and professional responsibility, and accounting research, either by integration into the coursework of other courses or in separate courses.

(c)

(1) Definitions. As used in this subdivision:

(i) On or after August 1, 2027, professional accountancy content area shall mean curricular content in professional accountancy that includes but is not limited to each of the subjects identified in clauses (a) through (e) of this subparagraph and may also include but need not be limited to the subjects identified in clauses (f) through (i) of this subparagraph:

(a) financial accounting and reporting;

(b) cost or managerial accounting;

(c) taxation;

(d) auditing and attestation services;

(e) accounting information systems;

(f) fraud examination;

(g) internal controls and risk assessment;

(h) accounting ethics; and

(i) accounting data analytics.

(ii) On or after August 1, 2027, general business content area shall mean curricular content relating to the development of knowledge in traditional business principles and technical skills. Curricular content in general business shall include content in clauses (a) through (e) of this subparagraph and may also include but is not limited to subjects in clauses (f) through (m) of this subparagraph:

(a) information technology and systems;

(b) business law;

(c) business data analytics;

(d) economics;

(e) finance;

(f) management;

(g) marketing;

(h) operations management;

(i) organizational behavior;

(j) business strategy;

(k) quantitative methods;

(l) business statistics; and

(m) computer science.

(2) Curriculum. On or after August 1, 2027, in addition to meeting all applicable provisions of this Part, to be registered as a program leading to licensure in public accountancy that meets the requirements in section 70.2 of this Title, such program shall be a baccalaureate or higher program in accountancy or its equivalent that, by requisites or prerequisites, shall ensure completion of at least 150 semester hours or its equivalent, including a minimum of 33 semester hours or its equivalent in the professional accounting content area and a minimum of 36 semester hours or its equivalent in the general business content area.

N.Y. Comp. Codes R. & Regs. Tit. 8 § 52.13

Amended New York State Register March 1, 2023/Volume XLV, Issue 09, eff. 2/13/2023

Amended New York State Register March 29, 2023/Volume XLV, Issue 13, eff. 3/29/2023