Corporate Finance and Accounting Major

The major in Corporate Finance and Accounting 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 a 10-course major jointly offered and delivered by the departments of Accountancy and Finance. The combination of courses in accountancy and finance helps students develop the key skills required of finance professionals, namely: accounting, finance, business analysis, communication, team and business process skills.

In addition to the specific major requirements described below, students must also complete the General Education Curriculum, and additional degree requirements for business majors, including the General Business Core, focused-course requirements, and additional electives.

CourseTitleCredits
Required Courses
AC 310Cost Management3
AC 311Financial Accounting and Reporting I3
AC 312Financial Accounting and Reporting II3
FI 305Principles of Accounting and Finance3
FI 307Advanced Managerial Finance3
FI 351International Finance3
AF 450Performance Management and Evaluation 13
IDCC 320Managerial Communication 13
In addition, students select two electives in either finance or accounting or both in consultation with their faculty advisor. Any 2 AC or FI courses, not otherwise required, can fulfill the elective requirements.6
1

AF 450 Performance Management and Evaluation and IDCC 320 Managerial Communication should be taken concurrently.

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 accountancy) of education 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 accountancy) of education, in addition to passing the exam, to become a licensed CPA. Students interested in CPA preparation should consult their accountancy advisor.