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

“What Can I Do with a Major In Accounting/Finance?”. Presented by : Kellie Klinck, M.A., L.L.P.C., N.C.C Academic Adviser, School of Business Administration Pamela C. Joseph, B.B.A., M.A. Interim Assistant Director, Career Services. Our Agenda:. Defining Both Disciplines

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

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  1. “What Can I Do with a Major In Accounting/Finance?” Presented by : Kellie Klinck, M.A., L.L.P.C., N.C.C Academic Adviser, School of Business Administration Pamela C. Joseph, B.B.A., M.A. Interim Assistant Director, Career Services

  2. Our Agenda: • Defining Both Disciplines • Curriculum for Accounting and Finance Majors • Skills Needed for this Field • Career Paths Accounting/Finance Majors Follow • Job Market • Student Organizations available for Accounting/Finance Majors • FAQ’s

  3. Defining 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.

  4. Accounting: The Coursework • Pre-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

  5. Accounting Electives • Accounting 301: Financial Reporting and Analysis • Accounting 401: Advanced Financial Accounting • Accounting 411: Auditing • Accounting 412: Government and Not-for-Profit Accounting • Accounting 415: Federal Income Taxation • Accounting 480: Special Topics in Accounting

  6. Finance: The Coursework • Pre-Core • Core • Finance 322: Managerial Finance I • Major • 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

  7. Finance Electives • Finance 417: Investment Portfolio Management • Finance 418: Financial Institutions and Capital Markets • Finance 419: International Financial Management • Finance 420: Real Estate Investment Analysis • FIN 480: Special Topics in Finance

  8. What Skills Should You Possess for this Field? Some Skills Accounting/Finance Majors Possess Include: • Analytical • Listening • Problem solving • Quantitative • Written and oral communication • Decision-making • Organizational • Discipline

  9. Student Organizations • OASIS: Oakland Accounting Students Information Society http://w3.sba.oakland.edu/studorg/oasis/ • FMA: Financial Management Association http://www.oakland.edu/org/fma/

  10. FAQ’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.

  11. Additional Contacts/Information Department of Accounting/Finance 404 Elliott Hall 248-370-4361 Donna D. Free, MAcc, CPA Department of Accounting & Finance Faculty Coordinator, Master of Accounting 412 Elliott Hall (248) 370-3281 American Institute of Certified Public Accountants www.aicpa.org. Michigan Association of Certified Public Accountants http://www.michcpa.org American Finance Association http://www.afajof.org/ Certified Financial Planner Board of Standards, Inc. http://www.cfp.net/

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