Students majoring in accounting develop competencies necessary for professional careers in:
Controllership and Financial Management in Industry, which may lead to careers as Certified Management Accountants (CMA). Managerial accountants perform tasks within a business, such as strategic cost management, performance measurement, budget analysis and internal and operational auditing. The strategic managerial accountant generates and interprets operating and financial data that help management make decisions.
Internal Auditing, which may lead to careers as Certified Internal Auditors (CIA). Internal auditors are engaged within large corporations to provide independent objective assurance and consulting activities designed to add value and improve an organization’s operations.
Public and Nonprofit Sector Accounting, which may lead to careers as Certified Government Financial Managers (CGFM). Government accountants work in federal, state and local governmental entities to provide information and accountability to taxpayers and other resource providers. Accountants in nonprofit organizations provide similar information to donors, grantors and other resource providers.
Through an optional internship program, students with good academic records have an opportunity to work in public accounting or industry. These paid (at market wages) internships provide education, exposure to professionals and opportunities to network.
Upon graduation, accounting majors who plan to become Certified Public Accountants (CPA), Certified Management Accountants (CMA) or Certified Internal Auditors (CIA) can qualify to sit for national certification examinations. In Michigan, CPA candidates can qualify to sit for the exam upon graduation, but they need 150 hours of education for licensure. However, many states require CPA candidates to have earned 150 hours of credit, or possibly a master’s degree, before sitting for the exam. Be sure you know the requirements for your state.
The general requirements for the bachelor of business administration degree, the academic major requirements below and sufficient electives to meet the minimum of 124 hours for graduation, must be completed.