& Student Handbook - Saint Mary's University of Minnesota

Undergraduate Certificate Programs 53
AC315
Cost Accounting (3 cr.)
Prerequisite: AC205
This course covers cost accounting as it applies to both manufacturing
and service organizations. Topics include job order and process cost
systems, budgeting, standard costing, and other selected accounting
topics which are used in management decision-making.
AC400
Advanced Accounting (3 cr.)
Prerequisite: AC305
This course examines advanced accounting problems, theory, and
financial statement presentations. Topics include consolidations,
business combinations, governmental and non-profit reporting,
partnership accounting, and foreign exchange transactions.
AC405
Auditing (3 cr.)
Prerequisite: AC300
This course covers audit theory and practice. It emphasizes applying
audit theories and procedures in the examination of a company’s
financial statements by a certified public accountant. Auditing standards,
professional ethics, legal responsibilities, and current auditing trends are
discussed.
AC410
Corporate Finance (3 cr.)
Prerequisite: AC205
This course is an in-depth study of corporate financial management
strategies. It focuses on decisions regarding risk and return, the
management of current assets and current liabilities, capital budgeting
using the time value of money concepts, and the maximization of
shareholder wealth in a global economy. It also examines organizational
use of the stock market and other financial institutions and systems.
Elective Courses
AC308
Individual Taxation (3 cr.)
Prerequisite: AC200
This course provides an introduction to federal income tax law and
regulations for individuals. Topics include determination of gross income
and taxable income for individuals, the impact of divorce, estates and
trusts, and other ways of minimizing individual taxes.
AC415
International Accounting (3 cr.)
Prerequisite: AC400
This course examines the accounting and reporting issues of foreign
owned operations faced by large international firms. Topics include the
differences in the accounting principles followed in various countries,
determination of the appropriate method to be used in translating and
consolidating foreign owned entities with the parent organization, and the
harmonization of accounting principles around the globe.
AC420
Forensic Accounting and Forensic Auditing (3 cr.)
This course examines forensic accounting and the procedures used to
review and identify fraudulent transactions. Topics include fraud audit
techniques, policies and safeguards for the prevention of fraud, and the
use of technology in the forensic audit process.
Required Management Courses
MG305
Managerial Ethics (3 cr.)
This course introduces students to the important moral issues that arise
in various organizational contexts. It examines the social, political, and
economic environments within which moral issues occur. The ethical
concepts and reasoning skills relevant for resolving moral dilemmas are
presented.
BU400
Business Law (3 cr.)
This introductory course examines the legal context for business,
including the legal and regulatory system, the law of contracts, property
laws and torts, and forms of business organization, including
partnerships and corporations. The course also introduces areas of law
and regulation which affect business activities, including employment
law, securities, antitrust, bankruptcy, consumer protections, and
environmental laws.
Admission Requirements
Applicants may apply for admission to undergraduate certificate
programs at any time during the year and, if accepted, begin the
program during any one of the three semesters. Applicants must have a
bachelor’s degree. Applicants must demonstrate the language
proficiency necessary for successful completion of undergraduate
coursework.
Application Process
Applicants must submit:
1. Completed application form with the nonrefundable application fee
(fee not required for alumni or students seeking readmission, or
veterans and active military personnel) and,
2. Evidence of a bachelor’s degree and,
3. Complete an interview with a program administrator.
Note: Application materials should be sent to the attention of the Office
of Admission on the Twin Cities campus.