Program Overview

Knowledge of accounting concepts and the framework of accounting for economic activity has long been a necessary part of the educational preparation for careers in business. Accounting data is a fundamental information source for decision-making and control purposes in both profit-seeking and nonprofit organizations. The growing complexity and globalization of business, as well as the need for more effective and efficient approaches to business problem solving, increases the demand for accounting knowledge. 

Metropolitan State offers a comprehensive accounting curriculum that focuses on core accounting disciplines intended to develop a common body of accounting knowledge.  

On completion of the Accounting program, a graduate will be able to: 

  • demonstrate an understanding of accounting theory, assumptions, procedures, limitations, and economic consequences;
  • demonstrate understanding of the ethical implications of accounting decisions and policies;
  • accurately complete technical calculations using financial and non-financial information to support stakeholder decision making; 
  • prepare financial statements and reports using relevant standards and procedures;
  • critically analyze financial reports, information, stakeholder perspectives and the general business environment to evaluate economic impacts across functions within an organization; and
  • create oral and written recommendations to managers involved in short- and long-term decision-making, based on accounting information

The accounting major prepares individuals for professional careers in public accounting, managerial accounting, taxation, accounting systems, and private and public sector financial management through a rigorous program of study. Accounting is an excellent academic base for career development in both accounting and management roles.

Upon completion of the accounting major, a graduate meets the academic qualifications to take the examination for Certified Management Accountant (CMA) and Certified Internal Auditor (CIA). Completion of the accounting degree will contribute a minimum of 120 credits to the required 150 necessary for the Certified Public Accountant (CPA) certification.

Transfer of Credit

Transfer course evaluation is made by the faculty in the College of Management consistent with the requirements of Minnesota State Policy 3.2 and Minnesota State Procedure 3.21.1 (Undergraduate Transfer Credit Policy 2120). COM faculty will accept a course as meeting a COM major or minor requirement if the course content is equivalent to or acceptable in place of a Metropolitan State University course as determined by COM faculty;

  • the course was taught at a similar or higher level as the comparable COM course; 
  • the content and level of the course are consistent with state/national-level professional, industry and licensure standards; and 
  • the course carries a grade of "C-" or "S" or higher.

"Sunset" Policy

"Sunset" policy specifies the maximum time between when the course was taken and when the student was admitted to Metropolitan State. If a course is not accepted because too much time has elapsed since the course was completed, a student may demonstrate competence via exam. 

Credit and Residency Requirements

Students in the College of Management Bachelor of Science major programs must complete a minimum of 20 credits in the Business Core Courses, Major Required Courses, and Capstone (unless otherwise noted) at Metropolitan State University. In addition, students must meet the residency requirement of at least 30 credits at Metropolitan State University in order to graduate.

College of Management Double Major Policy

Students may combine any two majors in the College of Management as a double major as long as there are at least 24 upper division semester credits of coursework in the second major that do not overlap the first major. Both majors must be completed at the time of graduation.

More information about this program

Declare Your Program

If you have successfully completed your Foundation courses (see course list on right) with a grade of C- or better, submit a College of Management Undergraduate Program Declaration Form.

The COM Foundation courses are prerequisites for many upper division College of Management courses. Completing these courses early in your program will help you succeed and have the most valuable experience in other College of Management courses.

Declare Your Program Button

Requirements

General Education and Liberal Studies

Students in degree programs at Metropolitan State University must complete while at the university, or transfer to the university, a number of courses to meet General Education and Liberal Studies (GELS).

In addition, courses required for your specific program are listed in the right column on this page. They include Prerequisite, Foundation, Business Core, Major Required, Elective and Capstone courses. Contact your academic advisor with questions concerning your degree plan.

Prerequisites

The College of Management strictly enforces prerequisites. Many College of Management courses are sequenced and build on previous learning. Students must complete course prerequisites before registering for a course which requires prerequisites. In addition, students must complete 30 credits of coursework, including introductory and intermediate writing before they can register for College of Management upper division courses (those numbered 300 and above).

How Admissions Works

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Course List

Prerequisites

Requirements ( 120 total credits)

COM Foundation Courses (22 credits)

  • MIS 100 Fundamentals of Information Technology in Organizations
    4 credits

    This course is the first information technology foundation course in the College of Management. It focuses on the technology literacy, managerial and business problem solving dimensions of computer based information systems. It provides students with an introduction to the fundamental terminology of the hardware, software and the people involved with computer based information systems. The course includes hands on computer lab time to introduce students to word processing, database, spread sheet, and Internet microcomputer applications. This course is designed specifically to prepare students for information technology competence as needed in College of Management courses.

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  • MATH 115 College Algebra
    4 credits

    This course develops the fundamental concepts of algebra with an emphasis on the classification and analysis of linear, quadratic, polynomial, exponential and logarithmic functions. Applications to the natural and social sciences are given throughout. It aims to provide insights into the nature and utility of mathematics, and helps students develop mathematical reasoning skills.

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  • STAT 201 Statistics I
    4 credits

    This course covers the basic principles and methods of statistics. It emphasizes techniques and applications in real-world problem solving and decision making. Topics include frequency distributions, measures of location and variation, probability, sampling, design of experiments, sampling distributions, interval estimation, hypothesis testing, correlation and regression.

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  • ECON 201 Macroeconomics
    3 credits

    This course focuses on the economy as a whole and studies how government can affect the economy. After starting with principles of markets, the price system and supply and demand, the course covers national income accounting, business cycles, inflation, unemployment, fiscal policy, monetary policy and the Federal Reserve System, different approaches to economic growth, and the foundations of international trade.

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  • ECON 202 Microeconomics
    3 credits

    This course focuses on the interactions between the consumer and the producer. It begins with the theory of markets, supply and demand, and the price system. Then it covers demand elasticity, the costs of production including the various factor inputs, the four major market structures (pure competition, monopolistic competition, oligopoly and monopoly), and ways to increase the competition in markets.

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  • ACCT 210 Financial Accounting
    4 credits

    This course in financial accounting acquaints students with the "language of business" and the concepts and practices of accounting in order to understand, interpret, and analyze the financial accounting reports of economic entities. Topics include: economic context of accounting; introduction to basic financial statements with emphasis on the statement of cash flows; measurement fundamentals; analysis of financial statements; cash; receivables; inventories; investments in equity and debt securities including Consolidations; long-lived assets; current and long-term liabilities; stockholders' equity; and time value of money concepts and computations for decision making: international accounting practices are incorporated into every topic. This is not a bookkeeping course.

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COM Business Core Courses (20 credits)

  • DSCI 434 Introduction to Operations Management
    4 credits

    The purpose of this course is to introduce students to the fundamental concepts and techniques of production and operations management for both service and manufacturing organizations. It will address the role of operations in relation to other functions and the methods to increase organizational effectiveness and efficiency. Topics covered include: product and service design, capacity planning, design of work systems, location planning and analysis, material requirements planning, supply-chain management, enterprise resource planning, inventory management, total quality management, Six Sigma, lean enterprise and kaizen approaches, aggregate planning, just-in-time systems, scheduling, and project planning. Also included are tools and processes used in operations decisions such as forecasting, breakeven analysis, and critical path method using available software.

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  • FIN 390 Principles of Finance
    4 credits

    This course introduces the application to financial decision-making of mathematics, statistics, economic theory, and accounting procedures. The two central ideas are time value of money and the relationship between expected return and risk, and how these ideas are used to value bonds, stocks, and other financial securities, and to make capital investment decisions.

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  • MGMT 310 Management Principles and Practices
    4 credits

    This course examines the historical and philosophical roots of management as well as current management theory and practices. The critical success factors leading to effective performance in the roles of planner, decision maker, organizer, leader, motivator, controller and manager of a diverse workforce in a changing environment are identified and evaluated.

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  • MIS 310 Principles of Management Information Systems
    4 credits

    This course is designed to define the role of information systems in organizations, and in particular the roles of IS staff and end-users in developing and maintaining computer systems. The managerial aspects and implications of databases, telecommunications, hardware, software and e-commerce are included. Special attention is given to management information systems theories in the organizational setting including: infrastructure, transaction processing, operational reporting, decision support systems and executive information systems. Also included are all phases of the systems development life cycle (SDLC) as well as alternative development methodologies. The course prototypically includes analysis of real world business cases and post-implementation audit report of a recently completed management information system. All students taking this class must have completed as a prerequisite the MIS 100 Fundamentals of Information Technology in Organizations course or its approved equivalent. Students should also note that this course is no longer offered as a theory seminar or as a prior learning experience, but students with significant prior work experience in the field of MIS are highly encouraged to take the internet study section for this course, which is appropriately more challenging.

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  • MKTG 300 Marketing Principles
    4 credits

    This course surveys factors that marketing managers take into account when creating a marketing plan, including consumer behavior principles, market segmentation, product life cycle, packaging, branding, pricing, advertising, sales promotion, public relations, personal selling, product distribution methods and key laws affecting marketing practices. The course takes a practical approach to explaining how to identify marketing objectives and determine strategies for reaching them. It is useful to general business students, students who plan marketing management or marketing communications careers and those who wish to be better informed consumers. This course is also offered online. Prerequisite: Goal 1 writing requirement plus 30 credits must be satisfied.

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Major Required Courses (32 credits)

  • ACCT 311 Intermediate Accounting I
    4 credits

    This course is the first in a two course sequence (Intermediate Accounting I and Intermediate Accounting II) that provides for the preparation and understanding of financial information. Topics include accounting theory and practice, the conceptual framework of United States (U.S.) generally accepted accounting principles (GAAP), recognition of economic transactions, the preparation and analysis of financial statements and the related disclosures. The course considers both U.S. and International Financial Reporting Standards (IFRS) accounting standards. Intermediate Accounting I focuses on the role of accounting as an information system and the measurement, recognition, presentation, and disclosure of economic transactions focusing on the following: basic financial statements, revenue recognition, time value of money, cash receivables, inventories, and property, plant, and equipment.

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  • ACCT 312 Intermediate Accounting II
    4 credits

    This course is the second in a two course sequence (Intermediate Accounting I and Intermediate Accounting II) that provides for the preparation and understanding of financial information. Topics include accounting theory and practice, the conceptual framework of United States (U.S.) generally accepted accounting principles (GAAP), recognition of economic transactions, the preparation of financial statements and the related disclosures. The course considers both U.S. and International Financial Reporting Standards (IFRS) accounting standards.

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  • ACCT 320 Strategic Management Accounting
    4 credits

    This course provides an introduction to the role of financial and nonfinancial information for planning and control decisions, emphasizing the strategic role of the management accountant in the organization. It emphasizes strategy and the application of concepts and practices of management accounting on economic and noneconomic decisions. Topics include: cost behavior and estimation; cost analysis for planning and control decisions including value chain analysis, target costing, quality costs, customer value measurement systems, and benchmarking; cross-functional teams; activity-based management; and capital budgeting.

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  • ACCT 340 Accounting Information Systems
    4 credits

    This course provides a conceptual framework to stress the responsibility of accountant, auditor and manager for the design, operation and control of the accounting information system and the needs of information users within an organization. Traditional accounting transaction cycles are organized around events-based information technology. Students learn how the accounting information system records, classifies and aggregates economic events.

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  • ACCT 510 Advanced Accounting
    4 credits

    The second course in the two-course financial reporting sequence, this course emphasizes accounting theory and practice including special disclosure and reporting problems; international accounting and foreign currency translation; not-for-profit accounting, governmental accounting; business combinations; and consolidated financial statement preparation and analysis.

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  • ACCT 512 Auditing
    4 credits

    The audit of corporate financial statements by the independent registered accountant using generally accepted auditing standards of the Public Companies Accounting Oversight Board for publicly traded corporations is the focus of this course. A risk based approach is used with emphasis on both auditing concepts and audit programs.

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  • ACCT 520 Advanced Strategic Management Accounting
    4 credits

    This course continues the emphasis on the role of financial and nonfinancial information for strategic planning and control decisions from the Strategic Management Accounting course. It focuses on the strategic components of cost/price, quality, time, flexibility and innovation in the learning organization. Coverage of strategic cost management, cost of capacity, kaizen, time-based competition, agility, competitive intelligence, pricing, distribution channels, environmental accounting, cost accumulation systems and comprehensive performance indicators is included.

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  • ACCT 530 Business Taxation
    4 credits

    This course focuses on identifying issues that affect the taxation of businesses. Ten Chapters are covered: foundation of taxation, including types of taxes, structure of the income tax, taxpayers, and general concepts of income and deduction; business income and expenses; taxation of property transactions; and overview of corporations, S corporations, partnerships, and entity choice. Planning options are emphasized.

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COM Capstone Course (4 credits)

  • MGMT 499 Case Studies in Strategic Management
    4 credits

    This advanced course uses the case study approach to develop systems and techniques for analyzing the internal strengths and weaknesses of diverse organizations and the external environments in which they operate. Students craft strategies and develop implementation plans that apply organizational resources to opportunities and threats in its external environment. This course should be taken during the last semester of a student's program.

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Students preparing to take the professional examinations in management accounting (CMA) should plan to take the following courses:

BLAW 310 - If you plan to sit for the CPA exam, you may want to delay Acct 530 until close to graduation, and consider taking BLaw 310 or Acct 515 before the exam.

ACCT 515 - If you plan to sit for the CMA exam, consider taking Acct 515 before the exam.

  • BLAW 310 Business Law: UCC and Contracts
    4 credits

    This course reviews the purposes, philosophies and organization of the U.S. legal system. It provides an intensive study of the law which governs contracts for services, real estate, employment, insurance, trademark, patents and copyrights. Topics covered include legally binding contract requirements (offer and acceptance, legality of subject matter, capacity of parties and contractual consideration); circumstances which require a contract to be in writing; defenses for avoiding contractual liability; and legal remedies for breach of contract. It also focuses on the articles of the Uniform Commercial Code (UCC), which govern the rights and obligations of parties to transactions involving the sale of goods (Article II), commercial paper such as checks, notes and drafts (Article II), and financing arrangements in which one party gives another a security interest in property (Article IX) and the effects of federal bankruptcy laws on these transactions.

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  • ACCT 515 Financial Statement Analysis
    4 credits

    This course provides an in-depth study of the concepts and applications of financial statement analysis including the supply of and demand for accounting information in financial markets and the uses of accounting information in performance evaluation, investment and credit decisions.

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