Many organizations consider accountants to be more than providers of historical accounting data. Now, they are considered to be financial professionals who provide data for decision-making and financial management as well as traditional accounting functions. To be effective in this new role, accountants must have a broad understanding of corporate finance, investments, and financial statement analysis. In recognition of this expanded knowledge requirement, professional exams in accounting are now testing areas that were traditionally part of the finance discipline.
A collateral in finance helps students attain the knowledge and skills needed to be effective financial professionals. The collateral complements the accounting courses by providing students with the opportunity to study the analytical tools and methods used in the finance function. Finance professionals who have an understanding of both accounting and finance topics will be able to work effectively with others to provide the financial information needed to manage the organization in an effective and efficient manner.
Students taking the Finance collateral are required to complete the following:
*In the spring of their third year, students normally
make the decision whether to enter the job market
upon graduation or apply to the Master of accountancy
(MAcc) program. Accounting 414 and 431 are both
prerequisites to the MAcc program; therefore, students
planning to enter the MAcc program should take
Accounting 414 or Accounting 431 (whichever was not
taken to satisfy the major requirement) instead of
Finance 455 in the finance collateral, instead of
Information Management 442 in the information
management collateral, instead of Management 471 in
the international business collateral, and instead of
Logistics 421 in the logistics collateral.
