Catalog Year

Years 2019-2020

Degree

Minor

Credits

18

Locations

Mankato

Accounting Minor

A minor in Accounting consists of the following 18 credits and requires a total cumulative 2.50 GPA. 

Program Requirements

Core

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.

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

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

Elective

Choose 9 Credit(s).

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 

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 

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

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

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

Prerequisites: ACCT 301 

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 

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