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Bachelor of Accounting (B.Ac.)
The bachelor of accounting (B.Ac.) program provides the core competencies in both accounting and general business that are necessary for a successful accounting career. The program includes study in the following: financial accounting and accounting theory; management accounting; accounting information and computer systems; financial, operational, and information systems audit; and taxation. This accounting curriculum is combined with a foundation in the functional areas of business law, finance, information systems, marketing, operations, and management as well as a broad general education, including the areas of the behavioral sciences, the humanities, English, communication, the arts, mathematics, and statistics.
You can link to the description of Accounting Courses in the UMD General Bulletin by clicking here.
Accounting Degree Requirements
Requirements for the B.Ac. degree (120 credits) include:
- Liberal education requirements
- At least one course each for the international perspective requirement and the cultural diversity requirement must be taken within the liberal education requirements
- Compliance with the general regulations governing granting of degrees.
- Strict limitations on use of correspondence courses. See LSBE Student Affairs.
- No more than 50 percent of the minimum 120 credits required for the B.Ac. degree may be in accounting, business, or economics courses.
Students choosing to pursue a double major, or a major and a minor, within the school will likely exceed 120 total degree credits.
Professional Certifications
There are a variety of professional certifications that can enhance your career in Accounting. One of the most common certifications in the field of public accounting is the Certified Public Accountant (CPA). Effective July 1, 2006, Minnesota will require all applicants to complete a minimum of 150 semester hours of education in order to be a CPA. All 150 hours may be taken at the undergraduate level or a combination of undergraduate and graduate level courses may be used. At UMD, students can choose to:
- combine their B.Ac. degree with an M.B.A.;
- combine their B.Ac. degree with another major within the School;
- combine their B.Ac. degree with a minor from the School or another college, such as computer science, communications, or criminal justice, etc.;
- combine their B.Ac. degree with the additional undergraduate coursework in accounting, business, or other discipline such that the total equals or exceeds 150 hours.
A number of other professional certifications for private industry do not require 150 hours of education. The Certified Management Accountant (CMA) certificate issued by the Institute of Management Accounting and the Certified Internal Auditor (CIA) certificate issued by the Institute of Internal Auditors are perhaps most well known. The B.Ac. degree program at UMD also serves as basic preparation for both the CMA and CIA examinations.
Accounting Minor Requirements
The minor in accounting is valuable to students who want to understand the accounting process and its applications in modern society. The minor offers training for entry into positions in government, industry, and social service organizations that require an understanding of accounting but not the depth provided by the B.Ac. degree program.
While completing this minor, no more than 25 percent (30 credits) of total credits required for a degree may be drawn from the courses offered by the LSBE or recognized by the school as equivalent transfer courses. Economics courses are excluded from these calculations.
Students must apply for admission to the minor before completing Econ
2020-Statistics: Methods and Analysis or equivalent non-LSBE statistics
course and are admitted after completing the pre-minor requirements and
after earning a minimum of 50 credits. Admission to the minor is based
on the same GPA requirements as admission to candidacy for LSBE baccalaureate
degrees. Applications are available in the LSBE Student Affairs Office
located at 21 School of Business and Economics.
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