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Duluth Campus
Accounting B.Acc.Accounting and Finance
Labovitz School of Business and Economics
The bachelor of accounting provides the core competencies in accounting and general business that are necessary for a successful accounting career. The program includes study in the following areas: financial accounting; management accounting; accounting information systems; financial, operational, and information systems auditing; and taxation. This accounting curriculum is combined with a foundation in the functional areas of business law, finance, information systems, marketing, operations, and management, as well as a broad general education, including the areas of the behavioral sciences, the humanities, English, communication, the arts, mathematics, and statistics.
The primary professional certification in public accounting is the Certified Public Accountant (CPA). Most states, including Minnesota and Wisconsin, require students to complete 150 semester hours of education to become a licensed CPA. All 150 hours may be taken at the undergraduate level or a combination of undergraduate and graduate level courses may be used to satisfy this requirement. At UMD, students can combine their B.Acc. degree with an MBA from another major within LSBE such as the MIS, financial markets, or healthcare management; a minor from LSBE, such as financial planning or MIS; a minor from another collegiate unit, such as computer science, communications, or criminal justice; or additional undergraduate coursework in accounting, business, or other discipline such that the total equals or exceeds 150 hours. (Contact the Department of Accounting for additional information.)
Other types of professional certifications for accountants in private industry do not require 150 hours of education. The Certified Management Accountant (CMA) certificate is issued by the Institute of Management Accounting. The Certified Internal Auditor (CIA) certificate is issued by the Institute of Internal Auditors. The B.Acc. degree program also serves as basic preparation for both the CMA and CIA examinations.
A number of active learning opportunities are available to students in UMD's accounting program. ACCT 3796 Internship in Accounting allows students to apply knowledge and skills gained in the classroom to real-world accounting problems through work experience in sponsoring businesses. Most internships offer a salary, as well as the opportunity to earn credits through a supervised work experience. Another opportunity, ACCT 3705 Volunteer Income Tax Assistance, gives students a general understanding of the U.S. individual income tax system, while providing a valuable service learning experience by assisting low-income clientele with tax planning and compliance. Finally, in ACCT 3701 Student to Business Initiative in Accounting, students working in teams are matched with local small business that need accounting assistance. Students define the specific scope of work with the business owner and then serve as a "consultant" to the business. At the end of the semester, students present the results of their work at the UMD Center for Economic Development offices.
Program Honors: Degree candidates must earn a 3.30 GPA in all LSBE upper division courses
Program Delivery
This program is available:
Admission Requirements
Freshman and transfer students are usually admitted to pre-major status
before admission to this major.
A GPA above 2.0 is preferred for the following:
Freshmen and transfer students are typically admitted as pre-accounting students for the B.Acc. degree. Admission to candidacy status, which allows access to upper division LSBE courses, typically occurs at the junior level when students have successfully completed all pre-major (pre-candidacy) course requirements and met all of the GPA standards. Students with a 2.60 UM and overall, 2.00 internal and pre-major GPAs are admitted upon completion of pre-major courses; students with a 2.00-2.59 UM and overall, 2.00 internal and pre-major GPAs are pooled and reviewed for evidence of academic success in LSBE majors.
Students who do not qualify for admission to candidacy may not take upper division LSBE courses (excluding some economics courses) without permission of the director of student affairs.
For information about University of Minnesota admission requirements, visit the
Office of Admissions
website.
Required prerequisites
Introductory Course (1 cr)
Not required for transfer students with 30 or more credits, or for students who change college into LSBE.
UST 1000 - Learning in Community
(1.0-2.0 cr)
Required prerequisites
Pre-major Accounting Requirements (37 cr)
Electives: additional courses to bring total to 60 pre-candidacy credits. Non-LSBE statistics courses cannot be used to fulfill elective requirements. Students must obtain a minimum of a "C" in ACCT 2001 and 2002.
ACCT 2001 - Principles of Financial Accounting
(3.0 cr)
ACCT 2002 - Principles of Managerial Accounting
(3.0 cr)
BLAW 2001 - The Legal Environment
[LE CAT8, HUMANITIES]
(3.0 cr)
ECON 1022 - Principles of Economics: Macro
[LE CAT, SOC SCI]
(3.0 cr)
ECON 1023 - Principles of Economics: Micro
[LE CAT, SOC SCI]
(3.0 cr)
ECON 2030 - Applied Statistics for Business and Economics
[LOGIC & QR]
(3.0 cr)
MIS 2201 - Information Technology in Business
(3.0 cr)
LSBE 2000 - Interpersonal and Teamwork Skills
(1.0 cr)
PSY 1003 - General Psychology
[LE CAT, SOC SCI]
(4.0 cr)
WRIT 1120 - College Writing
[LE CAT, WRITING]
(3.0 cr)
General Requirements
Program Requirements
1. LSBE students are encouraged to take at least one year of college-level foreign language.
2. 50% of all required business credits, including the upper division economics elective, must be taken from LSBE faculty.
3. Students must complete a minimum of 30 credits while enrolled in LSBE.
4. No more than 9 credits (three courses) pertaining to a specific major may be taken abroad, unless an exception is approved by petition.
B.Acc. Requirements (27 cr)
A. Accounting-Business Law Core (22 cr)
ACCT 3001 - Technology Tools in Accounting
(1.0 cr)
ACCT 3101 - Intermediate Accounting I
(3.0 cr)
ACCT 3102 - Intermediate Accounting II
(3.0 cr)
ACCT 3201 - Cost Accounting
(3.0 cr)
ACCT 3301 - Accounting Information Systems
(3.0 cr)
ACCT 3401 - Individual Income Taxation
(3.0 cr)
ACCT 4101 - Auditing
(3.0 cr)
BLAW 3001 - Law and Ethics for Financial Professionals
(3.0 cr)
B. Active Learning Experience (2 cr)
Take 2 or more credit(s) from the following:
·
ACCT 3701 - Small Business Initiative in Accounting
(1.0-2.0 cr)
·
ACCT 3705 - Volunteer Income Tax Assistance
(1.0-2.0 cr)
·
ACCT 3797 - Internship in Accounting
(1.0-6.0 cr)
C. Accounting Elective (3 cr)
Take 3 or more credit(s) from the following:
·
ACCT 4402 - Advanced Business Taxation
(3.0 cr)
·
ACCT 4501 - Advanced Accounting
(3.0 cr)
·
ACCT 4505 - International Accounting
(3.0 cr)
·
ACCT 4510 - Fund and Not-For-Profit Accounting
(3.0 cr)
·
ACCT 4600 - Employee Benefit and Retirement Planning
(3.0 cr)
·
ACCT 4795 - Special Topics (Various Titles to be Assigned)
(1.0-3.0 cr)
·
BLAW 4301 - Estate Planning Concepts and Strategies
(3.0 cr)
LSBE Core (24 cr)
BCOM 3141 - Business Communications
(3.0 cr)
FIN 3601 - Corporate Finance
(3.0 cr)
MGTS 3301 - Production and Operations Management
(3.0 cr)
MGTS 3401 - Organizational Behavior and Management
(3.0 cr)
MGTS 3801 - Human Resource Management
(3.0 cr)
MGTS 4481 - Strategic Management
(3.0 cr)
MKTG 3701 - Principles of Marketing
(3.0 cr)
Take exactly 3 credit(s) from the following:
·
ECON 3xxx
·
ECON 4xxx
Supporting Courses (5 cr)
Complete minimum of 5 credits of additional ACCT 3796 credits and/or non-LSBE courses (3xxx or above), including at least one international course listed below. NOTE: PSY 3020, SOC 3155, STAT 3411, or STAT 3611 cannot be used to fulfill this requirement.
International Requirement
Take 1 or more course(s) from the following:
·
ACCT 4505 - International Accounting
(3.0 cr)
·
AMIN 3410 - Fur Trade in Canada and the United States
[CDIVERSITY]
(3.0 cr)
·
ANTH 3628 - Women in Cross-Cultural Perspective
(3.0 cr)
·
ANTH 3632 - Latin American Cultures
(3.0 cr)
·
ANTH 3638 - Peoples and Cultures of the Middle East
(3.0 cr)
·
ECON 3150 - Development Economics
(3.0 cr)
·
ECON 3402 - Global Economic Issues
(3.0 cr)
·
ECON 4410 - International Economics
(3.0 cr)
·
ENGL 3501 - British Literature I
[HUMANITIES]
(4.0 cr)
·
ENGL 3502 - British Literature II
[HUMANITIES]
(4.0 cr)
·
ENGL 5566 {Inactive}
(4.0 cr)
·
ENGL 5583 {Inactive}
(4.0 cr)
·
FIN 3649 - International Finance
(3.0 cr)
·
FR 4412 - Contemporary French Culture and Society
[HUMANITIES, GLOBAL PER]
(4.0 cr)
·
FR 4422 {Inactive}
[HUMANITIES]
(4.0 cr)
·
FST 4225 - INTB 4201, Chinese Business and Economics
[GLOBAL PER]
(3.0 cr)
·
FST 4295 - INTB 4211 Innovation in Ireland (GLOBAL PER)
[GLOBAL PER]
(3.0 cr)
·
GEOG 3461 - Geography of Global Resources
(3.0 cr)
·
GER 4302 - German Women Writers and Filmmakers
[HUMANITIES]
(4.0 cr)
·
GER 4305 - German Cinema
[HUMANITIES]
(4.0 cr)
·
GER 4404 - Contemporary Germany
[HUMANITIES, GLOBAL PER]
(4.0 cr)
·
HCM 4560 - International Comparisons of Health Care Systems
(3.0 cr)
·
HIST 3243 - Europe in Crisis in the 20th Century
(4.0 cr)
·
HIST 3244 - Holocaust & Genocide in Europe in the 20th Century
(4.0 cr)
·
HIST 3257 {Inactive}
(4.0 cr)
·
HIST 3264 - Russian Empire under the Tsars: Russia under the Romanovs from Peter the Great to Lenin
[GLOBAL PER]
(4.0 cr)
·
HIST 3386 - The United States and the World since 1898
(4.0 cr)
·
HIST 3615 - Modern Africa
(4.0 cr)
·
HIST 3616 {Inactive}
(4.0 cr)
·
HIST 3726 - Modern Middle East: 18th Century-Present
[GLOBAL PER]
(4.0 cr)
·
HIST 3825 - Islamic History from Muhammad to the Ottomans
(4.0 cr)
·
MGTS 4474 - International Management
(3.0 cr)
·
MGTS 4861 - International Human Resource Management
(3.0 cr)
·
MKTG 4774 - International Marketing
(3.0 cr)
·
POL 3451 - Theories of International Relations
(4.0 cr)
·
POL 3456 - International Security: War and More
(4.0 cr)
·
POL 3517 - Western European Political Systems
(4.0 cr)
·
POL 3570 - Politics of Developing Nations
(3.0 cr)
·
SOC 3945 - Social Stratification
(3.0 cr)
·
SPAN 3042 - Civilization, Cultures and Communities in Latin America
[HUMANITIES, GLOBAL PER]
(4.0 cr)
·
SPAN 3044 - Civilization, Cultures and Communities of Spain
[HUMANITIES, GLOBAL PER]
(4.0 cr)
·
SPAN 4011 - Latin American Prose
[HUMANITIES]
(4.0 cr)
·
SPAN 4017 - Latin American Cinema and Culture
[FINE ARTS]
(4.0 cr)
·
SPAN 4018 - Latin America From Within
[HUMANITIES]
(4.0 cr)
·
SPAN 4027 - Contemporary Literature and Culture of Spain
[HUMANITIES]
(4.0 cr)
·
WS 3000 - Transnational Perspectives on Feminism
[SOC SCI, GLOBAL PER]
(3.0 cr)
·
WS 3001 - Gender Relations in the Global South
[GLOBAL PER]
(3.0 cr)
·
WS 3002 - Latin American Women: Culture and Politics
(3.0 cr)
·
WS 3400 - Women and Film
[GLOBAL PER]
(3.0 cr)
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Credits: | 1.0 -2.0 [max 2.0] |
Course Equivalencies: | EHS 1000/UST 1000/ ES 1000 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | FMIS 2201/1201/3201/CS 1011 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 1.0 [max 1.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 5.0 [max 5.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 5.0 [max 5.0] |
Course Equivalencies: | Math1290/1296/1596 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 5.0 [max 5.0] |
Course Equivalencies: | Math1290/1296/1596 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | Comm 1112/1511 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 1.0 [max 1.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | BLaw 3001/3101 |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 1.0 -2.0 [max 3.0] |
Grading Basis: | S-N or Aud |
Typically offered: | Every Fall |
Credits: | 1.0 -2.0 [max 3.0] |
Grading Basis: | S-N only |
Typically offered: | Every Spring |
Credits: | 1.0 -6.0 [max 18.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Periodic Fall & Spring |
Credits: | 3.0 [max 3.0] |
Prerequisites: | 3102, LSBE candidate or college consent |
Grading Basis: | A-F only |
Typically offered: | Periodic Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Summer |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall |
Credits: | 1.0 -3.0 [max 9.0] |
Grading Basis: | A-F only |
Typically offered: | Periodic Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Periodic Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 3.0 [max 3.0] |
Prerequisites: | 3102, LSBE candidate or college consent |
Grading Basis: | A-F only |
Typically offered: | Periodic Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Periodic Fall |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | ANTH 3628/WS 3628 |
Grading Basis: | A-F or Aud |
Typically offered: | Periodic Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Periodic Fall & Spring |
Credits: | 3.0 [max 3.0] |
Prerequisites: | minimum 30 cr or instructor consent |
Grading Basis: | A-F or Aud |
Typically offered: | Periodic Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Periodic Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Periodic Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Periodic Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Summer |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Periodic Fall & Spring |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | FST 4225/INTB 4201 |
Grading Basis: | A-F or Aud |
Typically offered: | Every Summer |
Credits: | 3.0 [max 3.0] |
Course Equivalencies: | FST 4295/INTB 4211 |
Grading Basis: | A-F only |
Typically offered: | Every Summer |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Spring |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Periodic Fall & Spring |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Spring |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Periodic Fall & Spring |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Periodic Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Periodic Fall & Spring |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Periodic Fall & Spring |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Periodic Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Every Fall |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F only |
Typically offered: | Periodic Fall, Spring & Summer |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Periodic Spring |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Periodic Spring |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Periodic Fall |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Periodic Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Periodic Spring |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Spring |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Periodic Fall & Spring |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Fall Odd Year |
Credits: | 4.0 [max 8.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Spring |
Credits: | 4.0 [max 4.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Periodic Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Periodic Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Periodic Spring |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Periodic Fall, Spring & Summer |
Credits: | 3.0 [max 3.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall, Spring & Summer |
Credits: | 1.0 [max 1.0] |
Grading Basis: | A-F or Aud |
Typically offered: | Every Fall & Spring |