Accounting, Joint B.S./M.S.

Accounting
    Overview

    When you major in Accounting, you gain knowledge in taxation, cost accounting, capital management, money and banking. You’ll be prepared to be part of a company’s financial operations and help company decision-makers to allocate resources and maximize profit. You’ll be ready for a successful career in the public, private or nonprofit sector, including being well prepared to sit for the Certified Public Accountant (CPA) examination.

    Please review the recommended sequence of courses for the accounting programs:

    Accounting

    Accounting, joint B.S./M.S.

    Fast Facts

    • We offer a B.S. and a joint B.S./M.S. in Accounting.
    • The joint degree allows you to complete both B.S. and M.S in five years.
    • Bloomfield College Accounting alumni have gone on to hold high-level positions with major corporations, including Lead SOX Coordinator at Verizon Wireless and Director at ADP.
    • You'll get exposure to real-world situations through in-class assignments and internships.

    Students have interned at:

    • Ernst & Young as a junior auditor
    • Johnson & Johnson in general accounting
    • ADP management services company
    • Public Service Electric and Gas Company (PSE&G)
    • Kindersmile in accounting

    You could be …

    An accountant or auditor: Median pay $68,150 per year. Accountants and auditors prepare and examine financial records. They ensure that financial records are accurate and that taxes are paid properly and on time.

    A tax examiner: Median pay $52,060 per year. Tax examiners, collectors and revenue agents ensure that federal, state and local governments get their tax money from businesses and citizens. They review tax returns, conduct audits, identify taxes owed and collect overdue tax payments.

    A financial analyst: Median pay $81,760 per year. Financial analysts provide guidance to businesses and individuals about money and investment decisions.

    A financial manager: Median pay $121,750 per year. Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.

    A bookkeeper: Median pay $38,390 per year. Bookkeepers produce financial records for organizations. They record financial transactions, update statements and check financial records for accuracy.

    (Source: bls.gov and payscale.com)

    Accounting, Joint B.S./M.S.

    Division

    Business

    Program Type

    Major

    Additional Information

    Three course units of the major’s list of requirements may count as General Education Electives.

    Accounting, Joint B.S./M.S. Recommended Series of Courses

    Fifth Year

    AT BLOOMFIELD COLLEGE EACH COURSE UNIT IS EQUIVALENT TO 4 CREDITS, .5 COURSE UNIT IS EQUIVALENT TO 2 CREDITS.

    *BUS 332 SATISFIES ONE OF THE TWO COURSE UNIT WRITING INTENSIVE REQUIREMENTS

     

    Peter DeSarno, CPA, MBA, MS
    Peter DeSarno, CPA
    Assistant Professor, Coordinator of Accounting
    Year Joined: 2021
    • B.S.,
      Rutgers University
    • M.B.A., M.S.,
      Seton Hall University
    Phone: 973-748-9000 ext. 1379
    Office: 53 Fremont Street, Room 6
    x

    Professor DeSarno has a Bachelor of Science (BS) in Accounting from Rutgers University in New Brunswick, NJ. He also holds two Masters Degrees, a Masters in Business Administration (MBA) as well as a Masters of Science (MS) in Financial Planning from Seton Hall University in South Orange, NJ. He is a Certified Public Accountant (CPA) and an active member of both the New Jersey Society of Certified Public Accountants (NJCPA) as well as the American Institute of Certified Public Accountants (AICPA).

    Professor DeSarno began his career as an Auditor with the Big4 Public Accounting firm of Deloitte & Touche. During his accomplished 25 year accounting career, he worked in Controllership functions with a number of organizations (both public and private) including with companies such as AT&T and the McDonalds Corporation where he served as the New York Metro Regional Controller. He also has experience serving as a Controller in the non-profit sector with the NJ Sharing Network.

    Professor DeSarno’s professional experience includes: managing all aspects of the accounting function, month & year end accounting close as well as performing and coordinating the annual financial audit. He has significant experience in financial reporting, analysis, budgeting and forecasting as well as implementing effective accounting processes, procedures, internal controls and strategy.

    Today, Professor DeSarno has followed his passion for teaching and serves as both an Assistant Professor and the Coordinator of Accounting in the Division of Business at Bloomfield College. Prior to coming to Bloomfield College, Professor DeSarno taught as an Adjunct Professor in the evenings at both Fairleigh Dickinson University and the County College of Morris. 

    As a highly seasoned business professional, Professor DeSarno provides his students with dynamic lessons and a learning experience that leverages his extensive professional knowledge and wealth of accounting and business expertise. He also shares this valuable insight with his students as both an Advisor as well as in his active leadership of the Bloomfield College Business Students Association (BSA) which he was instrumental in founding.

    In addition to teaching all levels (from introductory to the capstone course) in the Accounting curriculum, Professor DeSarno has also developed and taught original course content in the area of Franchising and Entrepreneurship. In this highly relevant and compelling course offering, Professor DeSarno leverages over 10 years of experience in the franchise industry where he worked with and guided countless entrepreneurs. Specifically, he has experience serving in the capacity as both a CFO for a large Dunkin Donut multi-unit franchisee network as well as serving as the New York Metro Regional Controller with the McDonald’s Corporation (a geography of over 600 restaurants and 100 franchisees). 

    Professor DeSarno also enjoys and finds it rewarding to serve on a number of boards & committees where he shares his accounting and finance expertise. This includes serving as the faculty representative to the Bloomfield College Financial Affairs & Capital Projects Committee. In addition, as a grateful double cornea transplant recipient, Professor DeSarno is proud to serve on the Advisory Board of Eversight (which is an organization whose mission is to restore sight and prevent blindness through the healing power of donation, transplantation and research). Professor DeSarno also volunteers with a number of organizations and is an active member of the Lions Club in his community. Due to his level of service and volunteerism, he was named a past recipient of the Volunteer Award which is awarded by the New Jersey Society of Certified Public Accountants (NJCPA) for dedicated service to worthy causes and making a significant difference in the community.

    Subject(s): Accounting, MS in Accounting
    Academic Committee(s): Financial Affairs & Capital Projects Board
    • Apply technical accounting concepts and theory to business transactions and provides timely and relevant information to interested users of financial statements.
    • Apply tactical approaches to decision-making and problem-solving by objectively considering issues and identifying available alternatives in order to choose and implement appropriate solutions. Employs critical thinking in order to draw conclusions and solve problems related to accounting issues.
    • Communicate meaningful information in a manner that can be understood by individuals with varied proficiencies. This communication includes the effective delivery of both financial data in the form of business writing, presentations, and reports.
    • Demonstrate the ability to effectively utilize technology to access relevant and useful information.
    • Demonstrate personal and professional development as exhibited by a commitment to professional performances and ethical conduct.

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