Accounting Major BS
Knowledge of accounting concepts and accounting's way of describing 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 combines the core accounting disciplines; which are intended to develop a common body of accounting knowledge; with the flexibility to take additional courses in a particular accounting area.
The accounting faculty has identified four objectives for the accounting curriculum:
- a conceptual approach that is decision oriented and emphasizes analytical and problem-solving skills;
- a holistic, or integrated, approach to accounting principles, valuation and control;
- integration of training in interpersonal skills, communication skills and ethics into all accounting courses; and
- utilization of a variety of teaching methods and tools.
The accounting major prepares well-educated 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 and for movement into corporate management. Upon completion of the accounting major, a graduate meets the academic qualifications to take the examination for Certified Management Accountant (CMA), Certified Internal Auditor (CIA) and, in Minnesota, the examination for Certified Public Accountant (CPA). The accounting degree program is also excellent preparation for students planning to study law, particularly if they intend to practice in taxation or corporate law.
Acceptance to the Program
To be eligible for acceptance to the Accounting major, students must submit a College of Management Undergraduate Program Declaration Form when the following is completed:
- COM Foundation Courses with a grade of C- or better (see below)
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.
The accounting program contains six parts:
- 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 requirements. View General Education and Liberal Studies (GELS) for Metropolitan State University.
- COM Foundation Courses (22 credits)
- Business Core Courses (24 credits)
- Accounting Required Courses (28 credits)
- Non-course Requirement
Accounting mechanics (bookkeeping) competence must be completed prior to registration in Financial Reporting.
- Accounting Electives
Accounting majors do not need to take elective courses; however, students preparing to take the professional examination in public accounting (CPA) should plan to take one of the following courses as an elective:
- ACCT 531 Individual Tax Planning
- ACCT 550 Governmental and Not-for-profit Accounting
- BLAW 310 Business Law: UCC and Contracts
Students preparing to take the professional examinations in management accounting (CMA) should plan to take one of the following courses:
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). MGMT 499 Case Studies in Strategic Management is a capstone class which should be taken during the last semester of the student's program.
Transfer of Credit
Transfer course evaluation is made by the faculty in the College of Management consistent with the requirements of MnSCU Policy 3.2 and MnSCU Procedure 3.21.1 (Undergraduate Course Credit Transfer). 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.
Accounting, economics, and management information systems transfer courses must meet "sunset" policy requirements which specify 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 in some courses via exam. Formal articulation agreements between Metropolitan State and other institutions identify transfer of courses between those institutions.
Credit and Residency Requirements
Students in each of the College of Management bachelor of science major programs must complete a minimum of 20 credit hours of their major requirements and/or major electives at Metropolitan State University. In addition, students must complete at least 30 credits at Metropolitan State University in order to graduate.