University Catalogues

Corporate Finance and Accounting Major (B.S.)

The Corporate Finance and Accounting major provides students with strong backgrounds for careers in both finance and accounting. Students are exposed to a number of accounting and finance concepts, such as cost and profitability analysis, strategic planning, process improvement, and business performance management. Corporate Finance and Accounting is an 11-course major jointly offered and delivered by the Accounting and Finance departments. The combination of courses in accounting and finance helps students develop the key skills required of finance professionals, including accounting, finance, business analysis, communication, team work, and business process skills.

For further information about degree requirement policies and guidelines, see the Degree Requirements page.

Major Requirements

Major Courses (33 Credits)

Course Title Credits
Required Courses
EC 112Principles of Macroeconomics3
AC 201Preparing and Interpreting Financial Statements 3
AC 215Performance Measurement3
AC 310Cost Management3
AC 311Financial Accounting and Reporting I3
FI 305Principles of Accounting and Finance3
FI 306Financial Markets and Investment3
FI 307Advanced Managerial Finance3
FI 347Financial Modeling3
FI 351International Finance3
AC 455Strategic Performance Management 3
Total Credits33

The Business Environment (6 Credits)

Course Title Credits
CS 305Business Processes and Systems3
MG 300Strategic Management3
Total Credits6

General Degree Requirements

Foundations for Success (15 Credits)

Course Title Credits
FDS 100Falcon Discovery Seminar3
Communications and Writing
Select one from:
EMS 101Critical Reading and Writing3
or EMS 101L Critical Reading and Writing with Lab
or EMS 102 Critical Reading and Writing for ESOL
or EMS 102L Critical Reading and Writing for ESOL with Lab
And one from:
EMS 104Multimodal Communication3
or EMS 105 Multimodal Communication for ESOL
Information Technology
CS 100Solving Business Problems with Information Technology 3
Mathematical Sciences
Select one from:
MA 105Mathematical Foundations for Business3
or MA 105L Mathematical Foundations for Business with Lab
or MA 107 Applied Calculus for Business
or MA 107L Applied Calculus for Business with Lab
or MA 131 Calculus I
or MA 131L Calculus I with Lab
Total Credits15

Context and Perspectives (18 Credits)

Course Title Credits
Students must take six courses, one in each category of Context and Perspectives:
Total Credits18

Business Dynamics/Business Administration Minor (18 Credits)

Course Title Credits
All courses are required:
AC 115Introduction to Financial Reporting and Analysis3
EC 111Principles of Microeconomics3
FI 118Introduction to Finance3
LA 100Business Law3
MG 116Human Dynamics in Organizations3
ST 113Business Statistics3
Total Credits18

Communication Intensive

All students are required to take a three-credit course designated as a Communication Intensive. This requirement can be met within a variety of course subjects in both Arts & Sciences and Business. Communication Intensive courses are designated with a "CI" in the course schedule. Transfer students with a minimum of 30 credits will be waived from the Communication Intensive requirement.

Please note that certain majors have an additional three-credit Communication Intensive built into their major requirements, separate from the general CI requirement.

Additional Requirements

Arts and Sciences Electives (15 Credits)

Course Title Credits
Select five Arts & Sciences elective courses15
Total Credits15

Unrestricted Electives (15 Credits)

Course Title Credits
Select five elective courses15
Total Credits15

Total: 120 Credits

A NOTE ON CPA (CERTIFIED PUBLIC ACCOUNTANT) REQUIREMENTS

While the CPA requirements in Massachusetts are likely representative of many licensing jurisdictions, students planning to take the CPA exam need to be aware of the specific educational requirements of the jurisdiction in which they intend to sit for the exam. Visit the National Association of State Boards of Accountancy website for the specific requirements in every state in the U.S. The state of Massachusetts requires 120 hours (21 in specific areas of accounting) of education and a conferred bachelor's degree in order to take the CPA exam. Careful planning in the selection of electives is necessary in order for corporate finance and accounting majors to satisfy the requirements to sit for the CPA exam. AC 350 Federal Taxation and AC 470 Financial Statement Auditing (or AC 472 Internal Auditing) are required to be eligible to sit for the exam. (Note: AC 340 Accounting Information Systems is a pre-requisite for AC 470 Financial Statement Auditing and AC 472 Internal Auditing.)

The requirements for the undergraduate degree in corporate finance and accounting do not satisfy all requirements for CPA licensure. Among other requirements, an individual must complete a total of 150 hours (30 in accounting) of education, in addition to passing the exam, to become a licensed CPA. Students interested in CPA preparation should consult their Accounting advisor.