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Accounting Elective Track Opus College of Business, University of St. Thomas

Discover the skill set of responsibility. As the common language of business, accounting is

invaluable. Companies use it to track financial history, stay fiscally healthy and plan growth. From

Wall Street to the banking industry to corporate offices and nonprofit sector, accounting empowers

decision makers to understand both the performance and the potential of organizations.

The UST MBA accounting track can prepare you to work for a public accounting firm, private

business or public corporation, government or nonprofit organization. You will have the skills to:

prepare financial statements

conduct audits and other assurance work

design accounting systems and budgets

prepare tax work for individuals or companies

analyze and interpret financial information reflecting an organization's performance

participate in the management of an organization

Common positions in accounting include accountant (financial, tax, corporate, or investment),

controller, auditor, assurance/compliance manager, business/systems analyst, operations manager,

and revenue administrator.

Interested in becoming a Certified Public Accountant?

While not mandatory for many accounting jobs, the certified public accountant (CPA) credential

may be valuable in certain career paths and industries. The UST MBA program curriculum can help

meet the CPA education requirements for both undergraduate accounting majors and non-accounting

majors. The Minnesota Society of CPAs website is an excellent resource to learn more about the

CPA profession and certification process. Students interested in completing the education

requirements to be eligible to sit for the CPA exam must complete certain elective topics and a

minimum number of accounting-specific credit hours, per the Minnesota Board of Accountancy

rules and statutes.

Proper planning and course sequencing is critical, as some accounting elective courses are only

offered once per academic year. Consult your program adviser and the accounting department chair

early to review your previous credits and build the best plan for your goals and background.

For more information about the accounting electives and/or the CPA education requirements

and certification process, please contact Dr. Jane Saly, Chair of the OCB accounting

department. She can be reached at pjsaly@stthomas.edu.

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Scheduling and prerequisite information for the accounting elective courses:

Course Course Name Term Offered Prerequisite

ACCT 601 Financial Accounting (core) Fall, Spring, Sum None

ACCT 605 Managerial Accounting (core) Fall, Spring, Sum ACCT 601

ACCT 701 Intermediate Accounting I Spring & summer ACCT 601

ACCT 702 Intermediate Accounting II Fall only ACCT 701, ACCT 601

ACCT 710 Business Taxation Fall only ACCT 601

ACCT 717 Auditing Spring only ACCT 702, ACCT 701, ACCT 601

ACCT 720 Cost Accounting Fall only ACCT 605, ACCT 601

ACCT 730 Advanced Accounting Spring only ACCT 702, ACCT 701, ACCT 601

BLAW 620 Business Law (core sub.) Spring - even

years only None

A sample degree plan and course sequence for the full accounting track:

Year 1

Fall Semester OPMT 600 Statistical Methods for Decision Making

ACCT 601 Financial Accounting

Spring Semester ACCT 605 Managerial Accounting

MGMT 600 Management of Organizational Behavior

Summer Term ACCT 701 Intermediate Accounting I

Year 2

Fall Semester ACCT 702 Intermediate Accounting II

ACCT 710 Business Taxation

Spring Semester GBEC 600 Economics

ACCT717 Auditing

Summer Term FINC 600 Financial Management

Year 3

Fall Semester MKTG 600 Marketing Management

OPMT 610 Operations Management

Spring Semester BLAW 620 Business Law for Accountants

ACCT 730 Advanced Accounting

Summer Term BETH 601 Business Ethics

Year 4 Fall Semester ACCT 720 Cost Accounting

MGMT 799 Strategic Management (Capstone)