The Department of Economics, Finance and Management offers a Bachelor of Science (B.S.) Major in Accounting. Accounting is the primary information system for all businesses and non-profit organizations. It is often called the language of business. Financial Accounting deals with the preparation of financial statements by management and the auditing and attestation of these statements by public auditors. These two roles are essential in our global environment for the efficient allocation of investor capital to firms and holding management accountable for the safeguarding of investor interests. Managerial Accounting deals with internal reporting within the company, using the same accounting information system and other knowledge sources. The third component to accounting practice is the tax practice, which involves providing legal, ethical, and technical expertise on the preparation of tax returns on behalf of organizations and individuals.
Accounting is a dynamic field, characterized by continuous change in response to changing business practices and the relatively recent proliferation of International Financial Reporting Standards (IFRS) as a partner to the Generally Accepted Accounting Principles (GAAP) of the United States. Students learn the basic conceptual framework of financial reporting, including accrual accounting, and all of the analytical, quantitative and practical skills necessary for work in these areas. The Accounting major is comprised of courses in Accounting, Finance, Economics, and Quantitative Methods, as well as, Business Law and Ethics. An Accounting major may find employment in professional accounting firms, corporations, non-profit organizations and government in a variety of capacities. Accountants constitute the majority of CEOs in US corporations. Manhattanville is in close proximity to New York City with its abundant opportunities for internships and employment in accounting.
The Department also offers a Minor in Accounting available to all Manhattanville undergraduates and a Concentration in Accounting, available to Finance and Management majors.
The undergraduate Bachelor of Science in Accounting provides an excellent general foundation for accounting related careers. A student wishing to become a Certified Public Accountant (CPA) will need to complete some additional post graduate course work to meet the New York State education requirements for C.P.A. licensing. Licensing also requires passing all parts of the CPA examination and meeting the experience requirement.