Twin Cities campus
 
Twin Cities Campus

Accounting Minor

Accounting
Curtis L. Carlson School of Management
  • Program Type: Undergraduate minor related to major
  • Requirements for this program are current for Fall 2020
  • Required credits in this minor: 16
See major description for more information.
Program Delivery
This program is available:
  • via classroom (the majority of instruction is face-to-face)
Admission Requirements
This minor is only available to students who are pursuing a BSB degree from the Carlson School of Management. Students are required to complete Acct 2050 with a B- or better prior to entry into the minor. Students who complete an equivalent course or who earn less than a B- must take and pass a pretest prior to enrolling in Acct 5101.
For information about University of Minnesota admission requirements, visit the Office of Admissions website.
Required prerequisites
Introduction to Financial Accounting
ACCT 2050 - Introduction to Financial Reporting (4.0 cr)
or ACCT 2050H - Honors: Introduction to Financial Reporting (4.0 cr)
Minor Requirements
At least 3 upper-division credits of the minor requirements must be completed at the University of Minnesota Twin Cities campus.
Minor Courses
ACCT 5101 - Intermediate Accounting I (4.0 cr)
ACCT 5102 - Intermediate Accounting II (4.0 cr)
Take 4 or more credit(s) from the following:
· ACCT 5126 - Internal Auditing (2.0 cr)
· ACCT 5135 - Fundamentals of Federal Income Tax (4.0 cr)
· ACCT 5141 - Financial-Data Analytics (2.0 cr)
· ACCT 5160 - Financial Statement Analysis (2.0 cr)
· ACCT 5180 - Consolidations and Advanced Reporting (2.0 cr)
· ACCT 5201 - Intermediate Management Accounting (2.0 cr)
· ACCT 5310 - International Accounting (2.0 cr)
 
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· Curtis L. Carlson School of Management

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· Accounting Minor Sample Plan

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· Accounting Minor
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ACCT 2050 - Introduction to Financial Reporting
Credits: 4.0 [max 4.0]
Course Equivalencies: Acct 2050/ApEc 1251/Dbln 2051
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
Introduction to financial accounting for U.S. organizations. Reading financial statements. prereq: Soph
ACCT 2050H - Honors: Introduction to Financial Reporting
Credits: 4.0 [max 4.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Introduction to financial accounting for U.S. organizations. Reading financial statements.
ACCT 5101 - Intermediate Accounting I
Credits: 4.0 [max 4.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Valuation, measurement, reporting issues related to selected assets/liabilities of firm. Theory underlying accounting issues. Applying accounting principles. prereq: Grade of at least B- in 2050, mgmt major or mgmt grad student, accounting certificate, select non mgmt students
ACCT 5102 - Intermediate Accounting II
Credits: 4.0 [max 4.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Basic valuation problems encountered in financial reporting. Focuses on valuation of liabilities. Accounting for leases, pensions, and deferred taxes. Introduces consolidated financial statements. prereq: 5101[ mgmt or grad mgmt student]
ACCT 5126 - Internal Auditing
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Financial/operational auditing. Standards. Managing the function. prereq: 2050
ACCT 5135 - Fundamentals of Federal Income Tax
Credits: 4.0 [max 4.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall, Spring & Summer
U.S. federal system of taxation. Concepts of gross income, deductions, credits. Analysis of structure of Internal Revenue Code, its provisions with respect to specific areas of law. Interrelationships between legislative, judicial, and administrative authority. Methods, tools, and techniques to conduct tax research. prereq: [2050 or MBA 6030], [mgmt or grad mgmt student]
ACCT 5141 - Financial-Data Analytics
Credits: 2.0 [max 2.0]
Grading Basis: A-F only
Typically offered: Every Fall & Spring
This is a 2-credit undergraduate level financial data analytics course for students at Carlson School of Management. The main learning objective is to familiarize students with large-scale financial reporting and capital market information databases and to improve students? quantitative analytical and problem-solving skills in conjunction with these data. We will discuss financial reporting and corporate governance topics related to business analytics, auditing, capital market efficiency, board structure, and SEC enforcement. Prior coding experience is not required. Students will gain hands-on data query, data analysis, and data visualization experience using MySQL, Excel, and Tableau. Students will learn how to apply scientific research methods to answer questions, present solutions, and discuss limitations. A prerequisite for this course is business statistics. We will also provide a brief overview of the concepts of probability and statistical inference. Relying on the above tools and methodology, students enhance their analytical skills and ultimately achieve deeper understanding on issues related to financial reporting, auditing, and capital markets. Prereq: SCO 2550 or equivalent statistics course.
ACCT 5160 - Financial Statement Analysis
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Interpretation/analysis of financial statements. Introduces basic techniques of financial statement analysis and applies them in different settings (e.g., in investment/credit decisions). prereq: [5101]
ACCT 5180 - Consolidations and Advanced Reporting
Credits: 2.0 [max 2.0]
Course Equivalencies: Acct 5180/Acct 6160
Grading Basis: A-F or Aud
Typically offered: Every Spring & Summer
Theory underlying preparation of consolidated financial statements, as well as mechanical computations needed to prepare statements. prereq: 5101, 5102 recommended, or MBA 6030. MBA students must register A/F grade base.
ACCT 5201 - Intermediate Management Accounting
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
This course is an in-action course. The course explores the topic of management accounting in greater depth. The course expands introductory course material via special emphasis on decision making, problem solving skills and exploration of accounting's role within overall management. The course is an in-action class. We will have a project working on a business case from a firm as the final assessment for the course. prereq: 3001, acct or finance major
ACCT 5310 - International Accounting
Credits: 2.0 [max 2.0]
Grading Basis: A-F or Aud
Typically offered: Every Fall & Spring
Causes/history of international differences in design of financial accounting/reporting systems, efforts to harmonize them into worldwide system. Role/impact of currency translation on financial statements. International Accounting Standards, conceptual framework. prereq: 5101; [5102 or concurrent registration is required (or allowed) in 5102] recommended