WHAT IS ACCOUNTING?
This major is part of the Business Exploration Group
The study of Financial Accounting includes learning to prepare a company’s financial statements based on information gathered in its general ledgers. Financial accountants also participate in the marketing of important financial decisions for a company, including mergers and acquisitions, benefits/ Employee Retirement Income Security Act (ERISA) planning, and long-term financial projections. The study of Managerial Accounting, however, focuses on the decision-making process and application of accounting information to that process. The skills learned through the study of Managerial Accounting include cost analysis, analysis of new contracts, and expense control. Managerial accountants are often involved in analyzing the structure of an organization to better control costs and expenses.
All School of Business majors can also be completed through the dual degree program EUROBIZ (dual degree with German Studies).
Many students who major in Accounting choose to complete a Master's of Science in Accounting (MSA) as a way to qualify for the Certified Public Accountant's licensure exam (CPA).
HOW TO DECLARE:
APPLICATION REQUIRED. Admission is very competitive and requires a strong GPA along with the completion of specific courses. Find more information and the application here.
HELPFUL INTRO COURSES:
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ACCT 2001 - Principles of Financial Accounting (Major Requirement)
ECON 1201 - Principles of Microeconomics (Major Requirement) (Gen Ed: CA 2)
ECON 1202 - Principles of Macroeconomics (Major Requirement) (Gen Ed: CA 2)
MATH 1070Q - Mathematics for Business and Economics (Major Requirement) (Gen Ed: Q Course)
STAT 1000Q - Introduction to Statistics 1 (Major Requirement) (Gen Ed: Q Course)
POSSIBLE CAREER OPPORTUNITIES:
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UConn Majors to Careers Guides
Applied and Resource Economics