“What Can I Do with a Major In Accounting/Finance?”

Presented by :

Kellie Klinck, M.A., L.L.P.C., N.C.CAcademic Adviser, School of Business Administration

Pamela C. Joseph, B.B.A., M.A.Interim Assistant Director, Career Services

Our Agenda:Our Agenda:

Defining Both DisciplinesCurriculum for Accounting and

Finance MajorsSkills Needed for this FieldCareer Paths Accounting/Finance

Majors FollowJob Market Student Organizations available for

Accounting/Finance MajorsFAQ’s

Defining the DisciplinesDefining the Disciplines Accounting is the process of identifying, measuring,

recording, and communicating the economic events of an organization. It is often said to be the “language of business.” Accountants apply their skills in areas such as auditing, cost management, financial analysis, information systems, management and policy, and taxation.

Finance is involved with the acquisition, investment and management of the cash resources of business entities, governmental agencies, and individuals. Its practitioners must have a thorough understanding of the financial markets where money is raised, know how to analyze investment opportunities, and because the objective of any financial decision is to maximize value, understand how investors determine value.

Accounting: The Accounting: The CourseworkCourseworkPre-Core

◦ Accounting 200: Introductory Financial Acct.◦ Accounting 210: Managerial & Financial Acct. I

Core Major

◦ Accounting 310: Intermediate Financial Accounting I

◦ Accounting 311: Intermediate Financial Accounting II

◦ Accounting 318: Accounting Information Systems: Planning and Analysis

◦ Accounting 320: Managerial and Cost Accounting II

◦ 4 Accounting Electives* All SBA Majors Have to Complete ACC 200 & ACC 210

Accounting ElectivesAccounting Electives

Accounting 301: Financial Reporting and Analysis

Accounting 401: Advanced Financial Accounting

Accounting 411: AuditingAccounting 412: Government and

Not-for-Profit AccountingAccounting 415: Federal Income

TaxationAccounting 480: Special Topics in

Accounting

Finance: The CourseworkFinance: The CourseworkPre-CoreCore

◦Finance 322: Managerial Finance IMajor

◦Accounting 301: Financial Reporting and Analysis

◦Finance 416: Investment Analysis◦Finance 422: Managerial Finance II◦3 Finance Electives

* All SBA Majors Have to Complete FIN 322

Finance ElectivesFinance ElectivesFinance 417: Investment Portfolio

ManagementFinance 418: Financial Institutions and

Capital MarketsFinance 419: International Financial

ManagementFinance 420: Real Estate Investment

AnalysisFIN 480: Special Topics in Finance

What Skills Should You What Skills Should You Possess Possess for this Field?for this Field?Some Skills Accounting/Finance Majors Possess Include:

AnalyticalListening Problem solvingQuantitative Written and oral communication Decision-making OrganizationalDiscipline

Student OrganizationsStudent OrganizationsOASIS: Oakland Accounting

Students Information Societyhttp://w3.sba.oakland.edu/

studorg/oasis/

FMA: Financial Management Association

http://www.oakland.edu/org/fma/

FAQ’sFAQ’s What is a CPA? How do I get to become a CPA?

◦ CPA is a credential that stands for “Certified Public Accountant.”◦ There are state regulated rules to both take the CPA Examination

and Receive CPA Certification.◦ Please see additional handout for further information.

Is it hard to schedule if you are an Accounting or Finance major?◦ It is not hard if you plan accordingly. Finance and Accounting are

our two largest majors in the SBA, so it is competitive to get these courses. The key is registering early.

◦ There are waitlists established for Accounting and Finance classes that meet capacity and have to close.

Can I double major or major and minor in Accounting and Finance?◦ Yes, many students will double major in Finance and Accounting.

Essentially, it is 4 more classes if you plan courses wisely.◦ Students also major in one and minor in the other. Again, see your

adviser for how this affects your plan of study. Many students find it beneficial to supplement a finance degree with an accounting minor.

Additional Additional Contacts/InformationContacts/Information

Department of Accounting/Finance404 Elliott Hall248-370-4361

Donna D. Free, MAcc, CPADepartment of Accounting & FinanceFaculty Coordinator, Master of Accounting412 Elliott Hall(248) 370-3281

American Institute of Certified Public Accountantswww.aicpa.org.

Michigan Association of Certified Public Accountantshttp://www.michcpa.org

American Finance Associationhttp://www.afajof.org/

Certified Financial Planner Board of Standards, Inc.http://www.cfp.net/