Frequently Asked Questions

  1. I did not major in business in college and do not have a business background, can I still apply to the CAP Program?
  2. How will I know if I am admitted to the CAP Program?
  3. When will I be billed, and when is payment due?
  4. What types of loan options are available to me?
  5. How do I apply for loans?
  6. What are the prerequisites for admission to the CAP Program?
  7. Do I need to take any tests to enroll in the CAP Program?
  8. Can I take CAP courses if I am also enrolled in an MBA program at Lipscomb University or another university?
  9. Can I enroll in CAP if I am in an undergraduate program at Lipscomb University or another university?
  10. Can I continue to work full-time and successfully complete the CAP summer courses?
  11. I have previously taken accounting classes in another program, do I need to take the introductory courses?
  12. I am familiar with basic accounting rules, but I have not taken any college level courses in a few years, should I take the introductory courses?
  13. Do all professors in the CAP program have advanced accounting degrees? Do you use visiting professors to teach courses in the CAP program?
  14. Is it possible to fail classes in the CAP program?
  15. After I complete CAP, do I meet all the educational requirements necessary to sit for the CPA Exam?

I did not major in business in college and do not have a business background, can I still apply to the CAP Program?
Yes. In fact, this is the perfect program for those who no longer see a career opportunity in their original course of study in college and want to get into accounting quickly. [back to top]

How will I know if I am admitted to the CAP Program?
Lipscomb University will communicate with applicants as quickly as possible with information on the application process.  Questions regarding the application process can be addressed to Charles Frasier, Department Chair, by e-mail at charles.frasier@lipscomb.edu or by telephone at 615.966.5738. [back to top]

When will I be billed, and when is payment due?
You will receive information regarding payment from Lipscomb’s Student Accounts Office, as well as a student ID number, which will allow you to access your account and pay your bill online. Payment of tuition is due prior to the start of each CAP course unless a payment plan has been finalized through the Business Office using TouchNet. [back to top]

What types of loan options are available to me?
Federal Stafford Loans are available to students at the fifth year undergraduate loan level. Private loans are also available upon credit approval with a participating lender. [back to top]

How do I apply for loans?
To apply for a Federal Stafford Loan, you must file a FAFSA at www.fafsa.ed.gov for the school year in which you plan to begin.  Upon completion of the FAFSA, you will need to complete the loan application process available at financialaid.lipscomb.edu under "Apply for a loan."  Finally, you must register for a minimum of six credit hours in a semester to be eligible for Federal Stafford Loans and be within the aggregate limits set forth by the Department of Education. For more information on financial aid, please contact Deidra Cummings by e-mail at deidra.cummings@lipscomb.edu. [back to top]

What are the prerequisites for admission to the CAP Program?
Admission to the CAP Program requires completion of 60 hours of coursework from an accredited college or university with a strong record of academic achievement. An original transcript is required as part of the application process. [back to top]

Do I need to take any tests to enroll in the CAP Program?
No. If you meet the prerequisites and are ready to get to work, you’ve meet our most important tests! [back to top]

Can I take CAP courses if I am also enrolled in an MBA program at Lipscomb University or another university?
Yes, MBA students are welcome to take CAP courses. [back to top]

Can I enroll in CAP if I am in an undergraduate program at Lipscomb University or another university?
Yes, you may enroll in CAP if you are a current graduate or have completed 60 hours of coursework from an accredited college or university and have a strong record of academic achievement. [back to top]

Can I continue to work full-time and successfully complete the CAP summer courses?
We strongly discourage students from planning to work full-time while enrolled in summer CAP courses. It is too intensive to work full time. However, we have an  evening-class option for working students that will take a little longer but will also get you to your goal.  [back to top]

I have previously taken accounting classes in another program, do I need to take the introductory course?
Depending on how long ago the classes were taken and what material was covered, you may not need to enroll in the introductory course. Please consult with Charles Frasier by e-mail at charles.frasier@lipscomb.edu or by telephone at 615.966.5738 for more specific guidance. [back to top]

I am familiar with basic accounting rules, but I have not taken any college level courses in a few years, should I take the introductory courses?
You may not need to enroll in Financial Accounting, depending on the depth and nature of your knowledge and experience.  At Lipscomb, we want to give you credit for what you’ve learned on the job! However, students who have not recently taken college courses find it beneficial to take the introductory course as a refresher. Please consult with Charles Frasier by email at charles.frasier@lipscomb.edu or by telephone at 615.966.5738 for more specific guidance. [back to top]

Do all professors in the CAP program have advanced accounting degrees? Do you use visiting professors to teach courses in the CAP program?
CAP courses are taught by Lipscomb’s distinguished accounting faculty holding advanced degrees in accounting as well as select visiting faculty members with advanced degrees in accounting from other accredited universities. [back to top]

Is it possible to fail classes in the CAP program?
Yes. Students must satisfy the requirements for each course to receive the academic credit required by the State of Tennessee. In order to successfully complete the program, students must receive an overall minimum GPA of 2.0 as well as a passing grade in each individual course. If you do not successfully complete a course, you may not be able to continue the program. But with Lipscomb’s  smaller class size and faculty who are oriented to mentoring students, we will do all we can to support your success. However, Lipscomb is known for its academic rigor and depth especially in accounting education. You will be challenged, stretched and will work hard. But the personal reward will be worth the investment. [back to top]

After I complete CAP, do I meet all the educational requirements necessary to sit for the CPA Exam?
Successful completion of CAP provides students with the 30 credit hours of accounting education required to sit for the CPA exam. You must also complete 24 semester units in other business-related subjects and 150 total semester units. Please refer to http://www.nasba.org/nasbaweb/NASBAWeb.nsf/wpecer?openform&stateabbrev=TN for more detailed information. [back to top]