Finance and Accounting Degrees at TSU
Texas Southern University appears in our ranking of the 50 Best Online Master of Finance Degree Programs.
Texas Southern University, which is often referred to as TSU or Texas Southern, is located in Houston. It was named the first state university in Houston in the late 1940’s. The Tigers, their combined sports teams, compete in NCAA Division I and the Southwestern Athletic Conference. Texas Southern University has 12 internal colleges that specialize in everything from Public Affairs to Behavioral Sciences to Business Administration.
Texas Southern University offers Bachelor’s of Business Administration degrees in Accounting and Finance. They also offer specializations in Marketing, Management and Management Information systems. Both the Finance and Accounting degrees require students to take classes in Economics, Marketing, Business Statistics, Organizational Policy, Information Systems, and Operations Management.
Accounting degree students will take classes in Auditing, Cost Accounting, and Federal Income Tax. For example, Accounting Reporting classes cover complicated valuation and financial reporting topics that touch on assets, equity, liabilities and balance sheets. This teaches students the needs and consequences of net income and cash flow through case studies and illustrative examples. Graduates will acquire the tools needed to create financial statements and analyze accounting information.
All professional accountants must understand and comply with the Generally Accepted Accounting Principles (GAAP) that are maintained through the Financial Accounting Standards Board (FASB). Knowledge of proper accounting rules helps students to understand the reason for certain business procedures and the underlying reasons why these practices must be adopted and audited. On the other hand, learning about Federal Income Tax prepares students to explain how taxes affect business decisions and operations to save costs and minimize risks.
Finance students will take classes in Investments, International Finance, Basic Financial Management, Corporate Financial Management, and Financial Institution management. For instance, all financial professionals must grasp the basic concepts and standards that structure most financial accounting systems. These include inventory, long-lived assets, present value, revenue recognition, and long-term liabilities.
When finance students learn about strategic cost analysis, they are introduced to methods of preparing managerial accounting information. Managerial accounting is the universal business language for everything from decision-making to product design to production management to human resources analysis. Learning about financial statement analysis prepares students to determine how a company’s accounting choices and financial policies impact business health and interact with the macroeconomic system.
About Texas Southern University
Founded in 1927, Texas Southern University is one of the largest historically black universities in the country. Because of this, there is a strong network of alumni who include successful lawyers, artists, educators, entrepreneurs, and public servants. Successful graduates include Congressperson Barbara Jordan and George Leland. Texas Southern University was a pedagogical pioneer in helping African American students obtain advanced degrees. Every year, the university serves about 9,000 undergraduate and graduate students from across the world.
There are over 80 student organizations, many of which focus on social change at the local and national levels. Texas Southern University offers over 100 undergraduate and graduate programs and majors through their eleven colleges and schools that are run by 1,400 staff and faculty. The mission of Texas Southern University is to create a student-centered organization that is committed to student equality, innovative programs, lifelong learning, civic engagement, and student transformation.
Texas Southern University Accreditation Details
TSU is accredited by the Southern Association of Colleges and Schools.
Texas Southern University Application Requirements
Prospective students must complete an online application for admission, official SAT or ACT test scores and official high school transcripts that show a GPA of at least 2.50. The composite ACT score should be at least 17 and the SAT Critical Reading and Mathematics combined at least 820. The Texas Uniform Admission Standards is a law the requires high school residents/graduates to demonstrate their college readiness by meeting one of three standards.
First, complete the Recommended or Advanced High School Program or Foundation High School Program. Second, complete an equivalent curriculum to the previously mentioned programs. Third, meet the SAT or ACT College Readiness Benchmarks. This is accomplished through earning 1500 on the SAT in math, verbal and writing or earning an 18 in English, 21 in Reading, 22 in Math and 24 in Science on the ACT test.
Texas Southern University Tuition and Financial Aid
In-state students will pay $9,200 for tuition and fees and out-of-state students will pay $21,622. All students will pay $9,664 for room and meal, $1,640 for books and supplies, $2,510 for personal and $2,356 for transportation. The total is $25,370 for in-state students per year and $37,792 for out-state-students.
Texas Southern University offers both achievement-based and need-based awards that available through the Free Application for Federal Student Aid (FAFSA). Students who complete 15 credits each semester are eligible to receive renewed awards for up to three years of study. This requires them to maintain an annual GPA specified in the award and remain in good disciplinary standing.
Grants are available through federal and state agencies. Most of these are based on need, but some are based on academic performance. Almost all of them require the FAFSA to be completed. These three grants are available through Texas Southern University: Federal Pell Grant, Federal TEACH Gran, and the Federal Supplemental Educational Opportunity Grant. Texas residents may qualify for either the Texas Public Education Grant or the Toward Excellence Access and Success Grant.
Low-interest student loans for higher education are available through the Federal Direct Loan Program. The funding is based on the cost of attendance, the student’s classification, and the dependency status. There are discounts, payment options, and delayed repayment options. Any interest paid on student loans is tax-deductible. The four most common types of loans are Federal Direct Subsidized Loans, Federal Direct Unsubsidized Loans, Federal Direct Plus Loan General Information and Federal Direct Plus Loan for Parents of Dependent Students.
Texas Southern University is an educational institution that embraces diversity, innovation and quality learning.
