Accounting

Undergraduate Programs

Description

The accounting major is a professional program designed to prepare the student for work in one or more of three areas: public, industrial, or governmental/not for profit accounting.

Majors

 Program Locations Total Credits
Accounting BS BS - Bachelor of Science
  • Mankato
 120

Minors

 Program Locations Total Credits
Accounting Minor 18

Policies & Faculty

Policies

Admission to a Major in the College of Business. Admission to a major in the College of Business typically occurs at the beginning of the student’s junior year. The student may choose to pursue a degree in one or more of the following COB majors: Accounting, Finance, International Business, Management, or Marketing. Multiple criteria will be considered for admission to a major in the College of Business. Admission is competitive; meeting minimum requirements does not guarantee admission. Deadlines for application are: October 1 for Spring Semester and March 1 for Fall Semester. 

Criteria Considered for Admission to the Accounting Major

  1. Cumulative (Including Transfer) Grade Point Average: minimum 2.5
  2. Completion of the following courses with a minimum grade of C (2.0): IT 101, MATH 130, ACCT 200,  BUS 295, ECON 201.

Requirements for the Accounting Minor

  1. Students must be admitted to a major at Minnesota State Mankato, and
  2. Students must have a cummulative GPA of 2.5 or higher when starting to take 300 level courses for the Accounting Minor.

Academic Advising. Students will initially receive their advising from the professional advisors in the College of Business Student Center. When a student applies to the College of Business (which is done during BUS 295), he/she will be assigned a faculty advisor in the major area of study. Questions regarding the assignment of advisors can be answered in the College of Business Advising Center, 151 Morris Hall, 389-2963. 

College of Business Policies

Students who are business minors, non-business majors or those who are not seeking a four-year degree may take up to 24 credits in the College of Business.

Students must be admitted to a major to take upper division (300/400) courses in the College of Business.

Students must be admitted to the College of Business major to be granted a Bachelor of Science degree in any College of Business majors.

Residency. Transfer students must complete a minimum of 30 resident credits at the upper division (300-400) level in the College of Business at Minnesota State Mankato.

Transfer students pursuing a major or minor in the College of Business must complete at least 50% (one-half) of their major or minor coursework at Minnesota State Mankato.

GPA Policy. Students must earn a minimum grade point average of 2.0 (“C”) on the total courses taken in the College of Business and a 2.25 overall GPA to meet graduation requirements.

Accounting majors or minors must earn a grade of a "C" or better in required accounting and business law classes.

P/N Grading Policy. No more than one-fourth of a student’s major shall consist of P/N grades.

Assessment Policy. The College of Business believes that the ongoing assessment of its programs makes a vital contribution to the quality of those programs and to student learning. Student Participation is an important and expected part of the assessment process.

Internships. Students are strongly encouraged to participate in one or more internship programs related to their field of study before graduation. Qualifying internships may receive academic credit counting towards a student’s major, but are not required to be taken for credit. To receive academic credit, students must be registered during the semester the internship takes place. Registration instructions and other business internship resources can be found at: cob.mnsu.edu/internship/

Contact Information

150 Morris Hall

100 Level

Credits: 3

This course prepares students for success by exposing them to the requirements, expectations, resources and opportunities of the COB. Students will have business experiences and will develop professional skills.

Prerequisites: none

200 Level

Credits: 3

The accounting process, financial statement preparation, and analysis. Includes the accounting cycle, asset, liability and equity accounting. Emphasis on use of accounting data.

Prerequisites: MATH 112, MAT 115, MATH 121, MATH 130, or MATH 181. MIS majors take COMS 110.

Credits: 3

Preparation and analysis of cost-based management reports: use of cost information to make short-term operating decisions and long-term capital decisions.

Prerequisites: ACCT 200

Credits: 1

This course provides extensive hands-on practice applying all steps in the accounting cycle. Emphasis will be placed on completion of journal entries, adjusting entries, closing entries, and preparation of financial statements.

Prerequisites: ACCT 200

Credits: 2

This course is required for admission to the College of Business for all business majors. The purpose of the course is to provide students with an overview of COB majors, allow students to create an academic plan for graduation, and develop professional skills needed for future job placement. Topics include cover letter and resume writing, interviewing skills, the process of networking, the internship program, etiquette skills, and requirements for graduation.

Prerequisites: none

300 Level

Credits: 3

An in-depth analysis of financial accounting concepts and procedures, and includes coverage of the income statement, balance sheet, time value of money, receivables and inventories. Prereq: ACCT 218, ACCT 210 or ACCT 217. Grade of B- or better in prerequisite courses. Fall, Spring

Prerequisites: ACCT 200

Credits: 3

A continuation of Accounting 300. An in-depth analysis of long term liabilities, stockholders equity, leases, pensions, deferred taxes and the statement of cash flows.

Prerequisites: ACCT 300 

Credits: 3

Emphasizes product and service costing, including job order and process costing systems. Other related topics are budgeting, pricing, cost-volume-profit analysis, standards and variance analysis. Prereq: ACCT 210 with grade of C or better Fall, Spring

Prerequisites: ACCT 200 or ACCT 210 

Credits: 3

A discussion of various accounting information systems. Topics include documentation, internal control, system design, knowledge structures, database design, software evaluation, systems applications and current developments.

Prerequisites: none

Credits: 3

The course examines the principles and procedures relating to the determination and computation of federal income taxes for an individual. Federal estate tax, gift tax, and income taxation of estates and trusts are also examined.

Prerequisites: ACCT 200, ACCT 210

Credits: 3

BUS 397 is an applied course that entails developing, launching, managing, and closing a business with the cohort of students enrolled in the class. Students write and present a business plan as they seek financing for their start-up company. The business start-up experience creates a real-world context in which students can practice the concepts introduced in MGMT 330, MRKT 310, and FINA 362. BUS 397 is part of the United Prairie Bank Integrated Business Experience, and students must enroll concurrently in BUS 397 and sections of FINA 362, MGMT 330, and MRKT 310 that are designated for IBE students.

Prerequisites: Must be admitted to a major.

Credits: 0

Curricular Practical Training: Co-Operative Experience is a zero-credit full-time practical training experience for one summer and an adjacent fall or spring term. Special rules apply to preserve full-time student status. Please contact an advisor in your program for complete information. Prereq: At least 60 credits earned; in good standing; instructor permission; co-op contract; other prerequisites may also apply. Fall, Spring, Summer

Prerequisites: At least 60 credits earned; in good standing; instructor permission; co-op contract; other prerequisites may also apply.

400 Level

Credits: 3

A study of accounting principles and concepts for mergers, acquisitions, consolidated statements, foreign currency translation, partnerships, and governmental/not for profit.

Prerequisites: ACCT 301 

Credits: 3

The course examines the principles and procedures relating to the determination and computation of federal income taxes for various business entities including sole proprietorships, corporations, partnerships and tax-exempt entities. The course also covers tax research procedures.

Prerequisites: ACCT 300, ACCT 330 

Credits: 3

An overview of the external audit process, the issues facing the auditing profession today, and assurance services. Includes detailed coverage of the AICPA Code of Conduct, audit planning, substantive testing, auditors' responsibilities for detecting fraud, and audit reports.

Prerequisites: ACCT 320 

Credits: 3

This course will utilize case analysis to examine current issues in accounting and business. Cases will involve an integration of management accounting, accounting information systems, financial accounting, tax and auditing issues.

Prerequisites: ACCT 301, ACCT 310, ACCT 421, ACCT 410 or ACCT 411 

Credits: 1

The first capstone course will begin with the student identifying a business problem based on feedback solicited from management, peers, faculty, and/or mentors. The scope of the project definition will be documented and reviewed with a key business stakeholder who will work directly with the student throughout both capstone courses. A mutually acceptable project plan will represent an appropriate level of complexity to achieve the final project goal and solve a business problem of strategic importance for the business organization.

Prerequisites: All other BBA program courses (excluding two capstone courses) must be complete with a mastery of 70% or higher.

Credits: 1-6

.

Prerequisites: none

Credits: 3

The student will demonstrate and apply knowledge gained from the first capstone course (BUS491) and overall BBA program into the real-world project experience. Business skills and professional development will be challenged for the student to integrate relevant knowledge through the project-based learning experience. The final written and oral presentation of the project results will demonstrate the problem-solving and critical thinking context beyond the classroom.

Prerequisites: BUS 491

Credits: 1-3

Study tours are led by Minnesota State University, Mankato faculty and provide students with opportunities to visit companies and attend lectures by renowned experts from key sectors of economy, government, and business.

Prerequisites: none

Credits: 1-4

.

Prerequisites: none

Credits: 1-6

Supervised experience in public, industrial or governmental accounting. Students must meet standards established by the employer and the Department of Accounting.

Prerequisites: none

Credits: 1-4

.

Prerequisites: none