Minor: Accounting, 15 Credits
Accountants are key professionals in today’s business world. They use their accounting knowledge, computer proficiency and business strategy skills to participate in major corporate decisions. The problem-solving skills and analytical abilities that accountants contribute to the management team are central to the success of any business. Accounting is both an essential business skill and an excellent beginning for those seeking positions requiring business leadership.
The Accounting minor at MMC prepares students for careers in public accounting, private sector firms, nonprofit organizations and government agencies. The program combines training in accounting principles with courses that give students a firm grounding in current business practices and communication skills. Through the integration of business and liberal arts, students obtain the knowledge, sensitivities, and skills mandated by an increasingly complex, globally interdependent, and technologically sophisticated world.
Outside the classroom, MMC students benefit from New York City’s sophisticated business environment with its vast array of Wall Street, Madison Avenue, and Fortune 500 companies. Accounting minors have an opportunity to take internship positions with local, public accounting firms, in some cases as paid interns, thereby gaining valuable work experience before they graduate. Accounting faculty work closely with students to provide résumé preparation, internship advisement and access to a wide range of financial corporations, banks, and accounting firms such as:
Bank of New York
Deloitte Touche Tohmatsu
Ernst & Young
KPMG
PricewaterhouseCoopers
Learning Goals for the Accounting Minor:
- Business functions: Students will demonstrate a basic knowledge of generally accepted financial accounting principles. They will identify a publicly traded company’s choice among alternative accounting methods and analyze how the choice affected the financial results as presented in the financial statements.
- Quantitative and Technological skills: Students will record financial transactions and prepare financial statements.
- Critical thinking skills: Students will analyze financial transactions and articulate whether the presentation of the transactions are in accordance with generally accepted accounting principles. They will support their conclusion with examples of proper presentation as provided by the accounting regulations.
- Communication skills: Students will communicate their basic knowledge of financial statement analysis using proper business terminology.
Requirements
Required Courses:
Electives Courses:
Take three of the following; since some courses have prerequisites, the specific program should be arranged in close collaboration with an accounting faculty advisor.
| ACCT 319 | Intermediate Financial Accounting I | 3 |
| ACCT 321 | Intermediate Financial Accounting II | 3 |
| ACCT 324 | Intermediate Managerial Accounting | 3 |
| ACCT 325 | Income Taxation of Individuals | 3 |
| ACCT 328 | Financial Statement Analysis | 3 |
| ACCT 332 | Forensic Accounting | 3 |
Note: A student receiving a grade of D in a required or elective course for the major, must repeat the course.