B.S. in Accounting
Program Overview | Admission Requirements
Accounting is considered the language of business; it is the analysis and recording of economic data and the subsequent preparation of reports and information used in the decision-making process in the management of a company. The Bachelor of Science in Accounting program is designed to prepare individuals for careers in corporations, public accounting firms, government, and not-for-profit organizations. The program develops the technical competencies, communication skills, and ethical frameworks which are valued by today’s employers and necessary to succeed in the professional accounting environment.
Students complete courses which provide a foundation for the CMA and CPA exams. Additional courses necessary to fulfill the 150 semester hour requirement for CPA certification are available at the undergraduate level or in graduate programs offered at the university.
Locations
Twin Cities
Rochester
Admissions Contacts
Twin Cities
Ian Pannkuk
(612) 728-5158
Rochester
Allan O'Bryan
(507) 285-1410
Admissions
Saint Mary’s University of Minnesota
Schools of Graduate and Professional Programs
2500 Park Ave
Minneapolis, MN 55404
tc-admission@smumn.edu
Phone: Toll Free at (866) 437-2788 or (612)728-5100
Degree Requirements
A minimum of 122 credits is required for graduation with a Bachelor of Science degree from Saint Mary’s University. All students must meet the 10 general education competencies. A minimum of 54 credits is required to complete the B.S. in Accounting. Students who transfer in AC200 and AC205 can complete the program with 48 program credits.
| Required Accounting Courses or Transfer Courses | 6 cr. |
| Required Accounting Courses | 24 cr. |
| Required Management Courses | 15 cr. |
| Required Communications Courses | 6 cr. |
| Capstone | 3 cr. |
| Total | 54 cr. |
Students may take either MG307 or MG401.
AC200 Financial Accounting Principles (3)This course is an introduction to the accounting principles and procedures used to maintain an organization’s financial records and to prepare its financial statements for use by its stakeholders. Topics include an introduction to the accounting profession, the accounting cycle and process of analyzing and recording transactions, and the Generally Accepted Accounting Principles used in the preparation and analysis of financial statements.
AC205 Managerial Accounting Principles (3)This course is an introduction to the managerial accounting and reporting systems used for decision making purposes. Topics include cost accounting and variances, cost-volume-profit relationships, job order and process cost systems, budgeting and measuring performance, and an introduction to the time value of money and the capital budgeting process.
AC300 Intermediate Accounting I (3)This course is a comprehensive study of financial accounting theory. Topics include the formation of Generally Accepted Accounting Principles (GAAP), financial statement presentation and valuation, revenue recognition concepts, time value of money, cash and marketable securities, accounts receivable, and inventories.
AC305 Intermediate Accounting II (3)This course is a continuation of the comprehensive study of financial accounting theory. Topics include fixed assets and depreciation, long-term investments, current and contingent liabilities, long-term liabilities, contributed capital, leases, accounting for income taxes, earnings per share, and post-retirement benefits.
AC310 Taxation (3)This course provides an introduction to corporate federal income tax law. Tax provisions and administrative rules pertaining to corporations and alternative organizational structures are examined.
AC315 Cost Accounting (3)This course covers cost accounting as it applies to both manufacturing and service organizations. Topics include job order and process cost systems, budgeting, standard costing, and other selected accounting topics which are used in management decision making.
AC400 Advanced Accounting (3)This course examines advanced accounting problems, theory, and financial statement presentations. Topics include consolidations, business combinations, governmental and non-profit reporting, partnership accounting, and foreign exchange transactions.
AC405 Auditing (3)This course covers audit theory and practice. It emphasizes applying audit theories and procedures in the examination of a company’s financial statements by a certified public accountant. Auditing standards, professional ethics, legal responsibilities, and current auditing trends are discussed.
AC410 Corporate Finance (3)This course is an in-depth study of corporate financial management strategies. It focuses on decisions regarding risk and return, the management of current assets and current liabilities, capital budgeting using the time value of money concepts, and the maximization of shareholder wealth in a global economy. It also examines organizational use of the stock market and other financial institutions and systems.
MG305 Managerial Ethics (3)This course introduces students to the important moral issues that arise in various organizational contexts. It examines the social, political, and economic environments within which moral issues occur. The ethical concepts and reasoning skills relevant for resolving moral dilemmas are presented.
MG307 Principles of Leadership (3)This course presents a broad survey of theory and research on leadership. It examines classical and scientific management perspectives and considers contemporary theories and practices of organizational leadership.
MG311 Economics for Managers (3)This course provides an overview of the macro and microeconomics theories used by individuals in various management and business professions. The economic decisions made by households and organizations in various markets are examined. Also examined are the laws of supply and demand, the macroeconomic indicators of the economy, business cycle analysis, the forces of production and consumption, labor market theory, and consumer choice. The impact of government economic policies on organizations is also examined.
MG401 Principles of Management (3)This course explores the concepts and theories of management and their application in today's managerial environment. It examines the essential functions of management: planning, organizing, leading, and controlling. MG307 may be taken instead of this course.
BU400 Business Law (3)This introductory course examines the legal context for business, including the legal and regulatory system, the law of contracts, property laws and torts, and forms of business organization, including partnerships and corporations. The course also introduces law and regulation which affect business activities, including employment law, securities, antitrust, bankruptcy, consumer protections, and environmental laws.
BU403 Applied Statistics (3)This course presents the theory and procedures of data analysis. Students are taught basic measurement principles, measures of central tendency and dispersion, simple probability, data display, and an overview of statistical inference.
CM309 Professional Writing (3)This course provides strategies for developing a clear, concise professional writing style. A variety of writing formats, including business letters and memos, formal research proposals, and reports are addressed. Voice, style, audience, purpose and the writing process, including strategies for editing and revision, are examined in the context of interpersonal and ethical dimensions.
CM310 Oral Communications (3)Communication skills pertinent to organizational settings form the foundation of this course. Effective methods for design and delivery of oral communication are examined. Other topics include communication styles, interpersonal communication skills, dynamics of small group communication and persuasive speaking.
MG490 Bachelor of Science Capstone (3)This course integrates knowledge and skills developed in previous courses and provides an opportunity to apply them to a selected topic. Each student selects an issue currently confronting the field of study or profession, clearly defines the issue using appropriate references and resources, and creates a paper and presentation which addresses the issue. The topic must be suitable for formal presentation to a business or professional organization and the student will present the completed work to classmates.
Final semester of program
Faculty
TC - B S in Accounting - Program Director
TC - Associate Director, B S in Accounting, Independent Learning Review Coordinator, TC - Bachelor of Science Program -