The Minor in Accounting Program consists of the following required and elective courses:
1. Management 120A: Intermediate Financial Accounting I. (5 units)
Prerequisite: 1B. Intermediate-level course in theory and practice of financial accounting. Underlying concepts of asset valuation and revenue recognition. Reporting of current and long-term assets, including cash and receivables, inventories, plant assets and depreciation, natural resources, intangibles and investments. Underlying concepts of liability recognition and reporting of current liabilities and contingencies.
2. Management 120B: Intermediate Financial Accounting II. (5 units)
Prerequisite: Mgmt 120A. Intermediate-level course in theory and practice of financial accounting. Underlying concepts of long-term liability recognition and valuation, including bonds, long-term debt, leases, deferred taxes, and pensions. Concepts of shareholder's equity, including earnings per share, accounting changes, error corrections and the Statement of Cash Flows.
3. Management 122: Management Accounting. (4 units)
Prerequisites: Mgmt 1B and a Statistics course. Nature, objectives, and procedures of cost accounting and control; job costing and process costing; accounting for manufacturing overhead; cost budgeting; cost reports; joint-product costing; distribution cost; standard costs; differential cost analysis; profit-volume relationships and break-even analysis.
4. Management 127A. Tax Principles and Policy. (4 units)
Prerequisite: Mgmt 1B. Basic concepts of federal income taxation pertaining to individuals; income and deductions, areas of special tax procedures pertaining to gains and losses from sales and exchanges. Tax considerations in business and investment decisions.
THREE of the following courses must be taken:
Management 108: Business Law. (4 units)
Not open to freshmen. Essentials of contracts, agency, partnerships, corporations, and other select areas of the law in a business environment.
Management 123: Auditing. (4 units)
Prerequisite: Mgmt 120B. A comprehensive study of the procedures used in the verification of financial statements and related information, including ethical, legal, and other professional issues. Students will audit a complete set of financial statements.
Management 124: Advanced Accounting. (4 units)
Prerequisite: Mgmt 120B. Specialized accounting topics in business combinations, consolidated financial statements, foreign currency transactions, translation of foreign financial statements, partnership ownership changes and liquidations, governmental accounting, and bankruptcy.
Management 126: Financial Statement Analysis. (4 units)
Prerequisite: Mgmt 120B. Comprehensive study of concepts and procedures used to interpret and analyze financial statements effectively. Includes asset, liability and equity analysis; revenue and expense evaluation; financial ratios, credit analysis and distress prediction; valuation theory and implementation; business strategy analysis; mergers and acquisitions. Not open to students with credit for Mgmt. 197 subject.
Management 127B: Corporate and Partnership Taxation. (4 units)
Prerequisite: Mgmt 1B. Recommended: course 127A. Study of tax issues arising in formation, operation, and termination of corporations and partnerships. Special emphasis on closely-held enterprises, including S corporations.
Management 128: Special Topics in Accounting. (4 units) Topics vary please check course title for details.
Prerequisite: Mgmt 120B. Selected topics in public accounting, including mergers and acquisitions, public company status and going-public process, role of partner, serving entrepreneurial clients, and fund accounting. Discussion of case study of current interest in accounting profession. Business plan preparation.
Management 130A: Basic Managerial Finance. (4 units)
Prerequisite: Mgmt 1B and a Statistics course. Study of financial decision making by business firms, with emphasis on applications of economic and accounting principles in financial analysis, planning, and control. Extensive use of problems with use of varied analytical decision making.
Please note: You will receive two elective course credits(Mgmt 127C and Mgmt 109) but these classes will only count if they are taught through Travel Studies by Gonzalo Freixes** Visit Travel Study for more information.
Management 127C: International Taxation (4 units)Only offered through the Travel Study Program
Recommended requisite: course 127A. Study of two principle areas of international taxation from U.S. regulatory perspective: taxation of American citizens and companies conducting business in international arena (outbound transactions) and taxation of foreign nationals and companies who invest or conduct business in the U.S. (inbound transactions).
Management 109: International Business Law (4) Only offered through the Travel Study Program
Recommended requisite: course 108. Study of international business legal environment, including general overview of international laws and organizations and comprehensive review of U.S. regulations of international business transactions. Special emphasis on international litigation, commercial transactions, regulation of investments, multinational corporations, and international banking.