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Home 2013-2014 Undergraduate College Catalog Undergraduate Programs of Study(Majors, Minors & Requirements) Accounting/Economics/Finance/ Business Management/Marketing Accounting

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Accounting

Accounting serves as the primary information system for all businesses, and for non-profit organizations. It is often called the language of business. Financial Accounting deals with the preparation of financial statements by management and the auditing and attestation of these statements by public auditors. These two roles are essential for the efficient allocation of investor capital to firms and holding management accountable for the safeguarding of investor interests. Managerial Accounting deals with internal reporting using the same accounting information system and other knowledge sources. The third component to accounting practice is providing legal, ethical, and technical expertise on the preparation of tax returns on behalf of organizations. This dynamic field is characterized by continuous change in response to changing business practices and the relatively recent proliferation of International Financial Reporting Standards (IFRS) as a partner to the Generally Accepted Accounting Principles (GAAP) of the United States. Students learn the basic conceptual framework of financial reporting, including accrual accounting, and all of the analytical, quantitative and practical skills necessary for work in these areas. The Accounting major is comprised of courses in Accounting, Economics, and Quantitative Methods, as well as, Business Law and Ethics. An Accounting major may find employment in professional accounting firms, corporations, non-profit organizations and government in a variety of capacities.

Accountants constitute the majority of CEOs in US corporations. Manhattanville is in close proximity to New York City with its abundant opportunities for internships and employment in accounting. All Manhattanville College students are required to declare an academic minor. A minor will help Accounting graduates tailor their education to their specific career aspirations.

The undergraduate major in accounting provides an excellent general foundation for our students. However, it should be kept in mind that, in order to meet the New York State education requirement for C.P.A. licensing, students will need to complete additional post graduate course work.

Accounting Major Requirements

Accounting Major Requirements

The accounting major requires completion of fifteen (15) required 3-credit courses for a total of 45 credit hours. Ten of these courses are in accounting and five are in non-accounting business related courses.

The following are the required courses:

MGT 1002/ACC 1002*: Fundamentals of Accounting I (3 cr.) **

MGT 1008/ACC 1008*: Fundamentals of Accounting II (3 cr.) **

MGT 2035/ACC 2035*: Intermediate Accounting I (3 cr.) **

MGT 2036/ACC 2036*: Intermediate Accounting II (3 cr.) **

MGT 2037/ACC 2037*: Fundamentals of Taxation (3 cr.) **

MGT 3019/ACC 3019*: Cost Accounting (3 cr.) **

MGT 3024/ACC3024*: Auditing (3 cr.) **

MGT 3081/ACC 3081*: Advanced Auditing (3 cr.) **

MGT 3083/ACC 3083*: Advanced Taxation (3 cr.) **

MGT 3092/ACC 3092*: Advanced Accounting (3 cr.) CAPSTONE ** I & II (Spring 2015)

Required Non-accounting courses:

ECO 1011: Principles of Macroeconomics (3 cr.)

ECO 2018: Corporation Finance (cr.3)

POS 2014: Practical Approach to Business Law (3 cr.)

POS 2090: Law and Business Ethics (3 cr.)

ECO 2060: Economics and Business Statistics (3 cr.)

In addition to the 15 required courses, two courses are strongly recommended for the accounting major:

MGT 1007: Computer Concepts with Business Applications (3 cr.) **

MATH 1012: Pre-calculus (4 cr.)

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In addition to meeting all of the major requirements, all students seeking to complete the Bachelor of Science degree with major in accounting must meet all Manhattanville College degree requirements. Please consult the undergraduate bulletin for these requirements.

* This designation does not become official until 2014-2015

** Not counted as liberal arts

Accounting Minor Requirements

Accounting Minor Requirements

Five courses are required as follows:

MGT 1002/ACC 1002*: Fundamentals of Accounting I

MGT 1008/ACC 1008*: Fundamentals of Accounting II

MGT 2035/ACC 2035*: Intermediate Accounting I

MGT 2036/ACC 2036*: Intermediate Accounting II

Plus one of the following:

MGT 2037/ACC 2037*: Fundamentals of Taxation

MGT 3019/ACC 3019*: Cost Accounting

MGT 3024/ACC 3024*: Auditing

* This designation does not become official until 2014-2015

** Not counted as liberal arts

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