Accounting
Area of Business
Courses in finance, economics, and accounting are designed to prepare the student for careers in finance, public accounting, corporate and managerial accounting (controllership), and related enterprise and institutional management areas. Basic skills are learned and practiced and higher-level finance and accounting concepts and principles are acquired through problem-oriented courses in each of the discipline areas. The use of finance and accounting as managerial tools is emphasized.
Graduates with a major in applied finance and accounting are expected to: (1) possess broad finance, accounting and business knowledge as well as mastery of the technical knowledge of finance and accounting in order to serve the organizations in which they work; (2) be well prepared to find ready employment in the field; (3) possess the ability to apply computer and information technology to solve real-world finance, accounting and business problems; (4) have acquired leadership and management skills that are necessary for the successful planning, implementation, and control of the business enterprise, all rooted in a foundation of ethical and moral principles.
Students planning to become certified public accountants should be aware that many states have made substantial changes in their educational requirements for persons desiring a CPA Certificate. These requirements vary in their specific requirements from state to state but must be met before the applicant's first sitting for the Uniform CPA Examination. Students should check the exact requirements for the particular state in which they intend to seek certification. For example, the State of Tennessee requires a total of 150 semester hours, which is an additional 22 semester hours beyond the 128 needed for a bachelor's degree at Milligan College. Students intending to become certified public accountants are encouraged to consult with their advisers early in their college career.
Accounting major - B.A. or B.S.
(36 hrs)
In addition to specific courses required in the major, the student must complete MATH 213, which fulfills the math requirement in the general education requirements.
ACCT 211 and 212 Introductory Accounting I and II (6 hrs)
ACCT 301 and 302 Intermediate Accounting I and II (6 hrs)
ACCT 311 Managerial Accounting (3 hrs)
ACCT 312 Auditing (3 hrs)
ACCT 412 Federal Income Taxation (3 hrs)
CIS 275 Computer Applications (3 hrs)
ECON 201 Macroeconomic Principles and 202 Microeconomic Principles (6 hrs)
ECON 301 Corporate Finance (3 hrs)
Three elective hours from ACCT 315, 351, 352, 415, 430, and 495
The B.A. requires a foreign language through the intermediate level.
Applied Finance and Accounting major - B.A. or B.S. (33 hrs)
In addition to specific courses required in the major, the student must complete MATH 213, which meets the math requirement in the general education requirements, and CIS 275.
ACCT 211 and 212 Introductory Accounting I and II (6 hrs)
ACCT 301 and 302 Intermediate Accounting I and II (6 hrs)
ACCT 311
Managerial
Accounting (3 hrs)
ACCT 412 Federal Income Taxation (3 hrs)
ECON 201 Macroeconomic Principles and 202 Microeconomic Principles (6 hrs)
ECON 301 Corporate Finance (3 hrs)
ECON 401 Advanced Topics in Corporate Finance (3 hrs)
ECON or ACCT electives at the 300 or 400 level (3 hrs)
The B.A. requires a foreign language through the intermediate level.
Accounting minor (24 hours)
ECON 201 Macroeconomic Principles and 202 Microeconomic Principles (6 hrs)
ACCT 211 and 212 Introductory Accounting I and II (6 hrs)
ACCT 301and 302 Intermediate Accounting I and II (6 hrs)
ACCT electives at the 300 or 400 level (6 hrs)
Business administration majors with an accounting minor are required to take 12 hours of business electives in place of ECON 201 and 202 and ACCT 211 and 212.
Source: 2008-09 Catalog
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