About this Program
Are you the kind of person who pays attention to details? Do you thrive working with numbers and spreadsheets or aspire to help a company organize its finances to make sound business decisions? Would you like to learn how to construct, decode, and analyze financial data? If so, the Accounting major may be a great fit for you.
The Accounting major teaches students to understand accounting as the language of business. Students develop a strong foundational knowledge of accounting principles and tax law and learn to keep track of the money trail.
- The program boasts a 99% placement rate.
Acquired Skills
- Learn to apply current accounting principles and practices to make sense of an organization’s financial data.
- Use accounting information to diagnose the financial health of a business and offer solutions with ethical and sound reasoning.
- Completion of the program serves as basic preparation for the CPA examination and the Certified Management Accountant and Certified Internal Auditor certificates.
Career Possibilities
The employment opportunities for Accounting graduates are varied and include positions such as:
- Certified Public Accountants
- Managerial & Tax Accountants
- Internal Auditors
- Fraud Analysts
- Bank Examiners
- Budget Analysts
The expanding use of big data in business allows accountants to use computer-based accounting and management information to design and implement new systems and to provide expertise in internal control and auditing.
Admissions and Scholarships
Students with a major in LSBE are eligible to apply for more than 120 scholarships, with the total scholarship amount in excess of $200,000 annually. Many of these scholarships are reserved exclusively for accounting students.
Student Clubs
The Accounting Club helps students build their professional network and connect with firms for potential career opportunities. The club brings accounting professionals to UMD for networking and learning about the accounting profession. A representative from Becker CPA review visits campus at least once a year.
Requirements
Freshmen and transfer students are typically admitted as pre-accounting students. Admission to candidacy status, which allows access to upper division LSBE classes, typically occurs at the junior level when students have successfully completed all pre-major (pre-candidacy) course requirements and met all of the GPA standards. Students with 2.60 UM and overall, and 2.00 internal and pre-major GPAs, are admitted into the major upon completion of pre-major courses.