Campuses:

Accounting

Accounting is a term used to describe the process of gathering financial information and presenting it in a manner that will help users of that information make better decisions. Accountants are also frequently called upon to analyze financial information and provide important business advice.

The terms and definitions that have emerged from the discipline of accounting have become widely-used within industry. In fact, accounting is commonly described as the "language of business." Over the years, with the increased use of automation, the role of accountants has changed dramatically. Formerly regarded as simply number-crunchers, accountants have become recognized as valued business advisors and are important members of an organization's management team.

Major Curriculum

MAJOR CORE CURRICULUM - 27 CREDITS

Course Credits Title & Additional Information
ACCT 5101 4 Intermediate Accounting I (prereq: B- or better in ACCT 2050 or passing ACCT 5101 pretest (68.65 KB))
ACCT 5102W 4 Intermediate Accounting II (prereq: ACCT 5101)
ACCT 5125 4 Auditing Principles and Procedures (prereq: ACCT 5101)
ACCT 5135 4 Fundamentals of Federal Income Tax (prereq: ACCT 2050)
ACCT 5201 (previously 3201) 2 Intermediate Management Accounting (prereq: ACCT 3001)
BLAW 3058 4 The Law of Contracts and Agency (prereq: 40 or more credits)
ACCT 3150 1

The Role of the Accountant in Today's Finance Function

*This course is required of all students who entered the school in Fall 2012 or later, and is recommended as an elective course to all currently enrolled accounting students. 

PLUS 4 CREDITS CHOSEN FROM THE FOLLOWING:

Course Credits Title & Additional Information
ACCT 5126 2 Internal Auditing (prereq: ACCT 5101)
ACCT 5160 2 Financial Statement Analysis (Capstone) (prereq: ACCT 5101 or 5100)
ACCT 5180 2 Consolidations and Advanced Reporting (spring only) (prereq: ACCT 5102W)
ACCT 5236 2 Introduction to Taxation of Business Entities (prereq: ACCT 5135)
ACCT 5281 2 Special Topics in Financial Reporting
ACCT 5310 2 International Accounting (prereq: ACCT 5102W or concurrent)
ACCT 5320 2 Current Topics in Accounting
IDSC 4411 2 Accounting Information Systems and IT Governance (prereq: IDSC 3001)

Please note that all classes are not offered every semester. Please check the class schedule on OneStop for details.

Minor Curriculum

MINOR CORE CURRICULUM - 12 CREDITS

Course Credits Title & Additional Information
ACCT 5101 4 Intermediate Accounting I (prereq: B– or better in ACCT 2050 or passing ACCT 5101 pretest (68.65 KB))
ACCT 5102W 4 Intermediate Accounting II (prereq–ACCT 5101)

 

PLUS 4 CREDITS CHOSEN FROM THE FOLLOWING:

Course Credits Title & Additional Information
ACCT 5201
(previously 3201)
2 Intermediate Management Accounting
ACCT 5126 2 Internal Auditing
ACCT 5135 4 Fundamentals of Federal Income Tax
ACCT 5160 2 Financial Statement Analysis (Capstone)
ACCT 5180 2 Consolidations and Advanced Reporting
ACCT 5281 2 Special Topics in Financial Reporting
ACCT 5310 2 International Accounting

 

Career

Accountants play an important role in every type of organization, spanning size and industry. Accountants often perform a range of activities from creating and analyzing financial statements to evaluating a company’s efficiency and profitability. Accountants often initially pursue one of two career paths: audit or tax. Audit focuses on analyzing and testing the financial statements of an organization in a team setting. Those in the tax industry may prepare tax forms and help in tax planning for individuals, estates, trusts, corporations, and partnerships. A major aspect of accounting is understanding the increasing compliance regulations enforced by the government, including controls over accounting information systems.

Sample Careers for Accounting Majors:

  • Public Accounting (Audit, Tax, and Advisory Services)
  • Government Accounting
  • Private Corporate Accounting (Controller, Internal Audit, Tax)

Companies that Hire Accountanting Majors:

  • Public Accounting Firms (KPMG, PwC, Eide Bailly, Baker Tilly)
  • Public & Private Companies (Target, 3M, Cargill, Land O'Lakes)

Apply

Apply through the University of Minnesota Office of Admissions website.

Deadlines for Fall 2015
Freshmen: December 15, 2014
Transfer: March 2, 2015

Student Organizations

CPA Information

For authoritative guidance relating to the Minnesota requirements to sit for the CPA Exam, please contact CPA Examination Services (CPAES) which is a division of the National Association of State Boards of Accountancy (NASBA). The NASBA Minnesota Coordinator is Jeremy Miller. Jeremy can be reached by phone at 1-800-272-3926, or 615-880-4278, or by email at jmiller@nasba.org. Additional information: