Accounting is the language of business. Various stakeholders of an entity (investors, creditors, employees, customers) learn about the operations of that entity by properly interpreting accounting results. The accounting minor provides a basic understanding of that language: its rules, its benefits, and its connection with other technical disciplines. It is an excellent minor for students who may wish to pursue a graduate degree in business or who wish to understand how to communicate with business people within the context of their major discipline.
The minor provides a basic structure of accounting rules and practices.
The minor provides a foundation for students who may wish to pursue a graduate degree in business, particularly in finance or economics.
The minor provides non-business majors with the tools to discuss their particular career in a business context when necessary.
ACC 2003: Principles of Accounting I
Basic principles of accounting theory for proprietorships. Theory of the accounting cycle, debit and credit, books of original entry, ledgers, working papers, and financial statements are presented.
ACC 3103: Intermediate Accounting I
Intermediate accounting theory for the balance sheet accounts covering plant and equipment, intangible assets, long-term liabilities, and capital accounts. Also, the structure and principles followed in preparing the income statement and statement of changes in financial position.
ACC 3213: Cost Accounting (Elective)
A study of the elements of production under the job cost, process cost, and standard cost systems; inventory of materials; payrolls and taxes; budgets; wage plans; and other related topics.