Accelerated Accounting (CERT)

Summary

The Accelerated Accounting certificate is designed for individuals who have completed, or are pursuing, undergraduate degrees outside of accounting. It consists of the core accounting classes necessary to succeed in the profession. The certificate provides individuals with the necessary background to enroll in a Master of Accounting graduate program and obtain the educational requirements for Certified Public Accounting (CPA) certification. For those not interested in an accounting graduate program/CPA certification, the certificate provides the core foundation for performing the key accounting functions (financial, taxation, assurance) required at all organizations; public, private, and not for profit. 

Catalog Year

2024-2025

Degree

Certificate

Major Credits

16

Total Credits

16

Locations

Mankato

Online

Career Cluster

Finance

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Program Requirements

Major Common Core

This course provides extensive hands-on practice applying all steps in the accounting cycle. Emphasis will be placed on completion of journal entries, adjusting entries, closing entries, and preparation of financial statements.

Prerequisites: ACCT 200

An in-depth analysis of financial accounting concepts and procedures, and includes coverage of the income statement, balance sheet, time value of money, receivables and inventories.

Prerequisites: ACCT 200

A continuation of Accounting 300. An in-depth analysis of long term liabilities, stockholders equity, leases, pensions, deferred taxes and the statement of cash flows.

Prerequisites: ACCT 300

The course examines the principles and procedures relating to the determination and computation of federal income taxes for an individual. Federal estate tax, gift tax, and income taxation of estates and trusts are also examined.

Prerequisites: ACCT 200, ACCT 210

The course examines the principles and procedures relating to the determination and computation of federal income taxes for various business entities including sole proprietorships, corporations, partnerships and tax-exempt entities. The course also covers tax research procedures.

Prerequisites: ACCT 300, ACCT 330

An overview of the external audit process, the issues facing the auditing profession today, and assurance services. Includes detailed coverage of the AICPA Code of Conduct, audit planning, substantive testing, auditors' responsibilities for detecting fraud, and audit reports.

Prerequisites: ACCT 300

4-Year Plan

The 4-Year Plan is a model for completing your degree in a timely manner. Your individual 4-Year plan may change based on a number of variables including transfer courses and the semester/year you start your major. Carefully work with your academic advisors to devise your own unique plan.
* Please meet with your advisor on appropriate course selection to meet your educational and degree goals.

First Year

Fall - 7 Credits

This course provides extensive hands-on practice applying all steps in the accounting cycle. Emphasis will be placed on completion of journal entries, adjusting entries, closing entries, and preparation of financial statements.

Prerequisites: ACCT 200

An in-depth analysis of financial accounting concepts and procedures, and includes coverage of the income statement, balance sheet, time value of money, receivables and inventories.

Prerequisites: ACCT 200

The course examines the principles and procedures relating to the determination and computation of federal income taxes for an individual. Federal estate tax, gift tax, and income taxation of estates and trusts are also examined.

Prerequisites: ACCT 200, ACCT 210

Spring - 9 Credits

A continuation of Accounting 300. An in-depth analysis of long term liabilities, stockholders equity, leases, pensions, deferred taxes and the statement of cash flows.

Prerequisites: ACCT 300

The course examines the principles and procedures relating to the determination and computation of federal income taxes for various business entities including sole proprietorships, corporations, partnerships and tax-exempt entities. The course also covers tax research procedures.

Prerequisites: ACCT 300, ACCT 330

An overview of the external audit process, the issues facing the auditing profession today, and assurance services. Includes detailed coverage of the AICPA Code of Conduct, audit planning, substantive testing, auditors' responsibilities for detecting fraud, and audit reports.

Prerequisites: ACCT 300

Policies

Admission:

  1. Admittance to the University.
  2. Submission of a resume and all transcripts.

After review of your application, we may request the submission of two letters of reference and/or your participation in an interview with members of the Accounting and Business Law Department. 

Individuals conditionally accepted into the Master of Accounting (MAcc) program will be automatically admitted into the Accelerated Accounting Certificate. 

Graduation Requirements:

Individuals must have a 2.0 grade point ("C" or better) in all courses in the certificate program.