Business Administration — Managerial Accounting and Finance Concentration

Composite Major

Department Chair: Jeffrey Moser,, (701) 845-7523
Faculty Contact: Ralph Hooper,, (701) 845-7520
Department Office: 125 Vangstad, (701) 845-7521
Schedule a Visit:, (701) 845-7101 or (800) 532-8641, ext. 7101


Students who successfully complete the Managerial Accounting and Finance concentration demonstrate specialized knowledge in forecasting, planning, and analyzing data, as well as the ability to communicate and present the data in a format useful for decision making. Graduates will demonstrate the ability to use available technology to apply their knowledge and skills effectively. The concentration is appropriate for those seeking career opportunities in small business management, banking, internal management and control, and a variety of entrepreneurial opportunities. Career opportunities can include positions such as Accounting Clerk, Bank Examiner, Corporate Accountant, Cost Accountant, Credit Analyst, Internal Auditor, Revenue Agent, Securities Broker (consultant), Bond Broker, Chief Financial Officer, Commodities Trader, Comptroller, Financial Consultant, Financial Manager, Financial Services Sales Agent and Loan Officer.

The Certified Public Accountant (CPA) Examination:
While the American Institute of CPAs writes the CPA examination, each state is responsible for establishing the requirements to use the CPA designation.  According to North Dakota law and rules of the North State Board of Accountancy, individuals are currently eligible to sit for the Uniform Certified Public Accountant examination with a bachelor’s degree that includes at least 24 hours of accounting beyond Elements of Accounting I and II and 30 hours of business courses and at least 150 semester hours of college courses.

The Managerial Accounting and Finance Concentration meets the current requirements for business courses but not the accounting courses requirement or the 150 semester hour requirement.  Students interested in becoming CPAs should be prepared to either extend their undergraduate education at another institution or to continue their study at the graduate level.

The Certified Management Accountant (CMA) Examination:
The Institute of Management Accountants establishes the standards or criteria for achieving the CMA designation.  While the CMA examination is similar to the CPA examination, the CMA examination concentrates more heavily on corporate accounting and financial analysis.  The Managerial Accounting and Finance Concentration meets the IMA’s education requirement of earning a bachelor’s degree from an accredited institution.  Students interested in earning the CMA designation should consult with their advisor regarding additional requirements of the IMA.


Collegiate DECA: The mission of DECA is to prepare emerging leaders and entrepreneurs in marketing, finance, hospitality, and management in high schools and colleges around the globe. DECA provides opportunities for students to be academically prepared, community oriented, professionally responsible, and to become experienced leaders. DECA helps promote networking, innovation, integrity, and teamwork for all members. Students have the opportunity to participate in leadership conferences, state and international competition and professional development which will help aid students in their mastery toward employability skills.

VCSU Ag Club:  The goals of the club are to provide opportunities for members to develop the skills, abilities, and leadership qualities necessary to enter and advance in careers in agriculture, agribusiness, agricultural technologies, horticulture, and natural resources. Any student preparing for a career in these areas is welcome to join. Members will participate in leadership activities specifically focused on the agricultural environment.

Practical Experience

Students are encouraged to earn credits by extending their learning beyond the classroom. For example, several prominent firms in the region offer internship programs that provide supervised business training. Firms such as Dacotah Bank, Bank Forward, John Deere Seeding Group, Gander Mountain, Coca-Cola, WDAY, Farm Services Agency,Chamber of Commerce, KOVC and Best Buy have had VCSU students in their internship programs. Shadowing allows students to observe managers in daily work routines. Students will have the opportunity to also participate in economic development activities such as tours, workshops, fairs and conferences. An internship can be a part of a student’s academic program and can take place any semester after sophomore year for 3 to 12 credits. Students interns gain hands-on workplace experience to build resumes, become well prepared to enter a specific career field, network with professionals in the career field of interest, and may gain a full-time position through that experience.

“On top of accounting practices, VCSU provided me with hands-on experience using the same technologies that exist in businesses around the world. These skills helps me transform from a student to a professional in my career today.” —Katie (Paulson) Olson ’13, Valley City, N.D.; Ag Country Farm Credit Services, Fargo, N.D.

General Education Requirements

English Composition
Select one of the following:6
College Composition I
College Composition II 1
Introduction to Professional Writing
College Composition II 1
Introduction to Professional Writing
College Composition III
Speech Communication
Select one of the following:3
Fundamentals of Public Speaking
Interpersonal Communication
Intercultural Communication
Select one of the following:3
College Algebra
Finite Mathematics
Calculus I
Elementary Statistics
Lab Science
Select two of the following:8
Concepts of Biology
General Biology I
General Biology II
General Zoology
Introductory Chemistry
Introduction to Organic and Biochemistry
General Chemistry I
General Chemistry II
Introduction to Earth Science
The Earth Through Time
Concepts of Physics
Introductory Astronomy
Introductory College Physics I
Introductory College Physics II
University Physics I
University Physics II
Introduction to Psychology Lab (Corequisite: PSYC 111 Introduction to Psychology) 3
Technology, Engineering, and Design
HPER 100Concepts of Fitness and Wellness2
Select one of the following:3
Introduction to Computer Information Systems 2
Introduction to Programming in Java
Introduction to Structured Programming I
Discovering Computing
Select one of the following:3
Introduction to Literature
Introduction to Film
World Literature I
World Literature II
American Literature I
American Literature II
Civilization, Thought, and Literary Heritage
Ethics and Philosophy of Science
1st Year Spanish I
1st Year Spanish II
2nd Year Spanish I
2nd Year Spanish II
Introduction to Theatre Arts
Acting One
Art and Music
Select one of the following:3
Introduction to the Visual Arts
Fine Arts and Aesthetics
Music Appreciation
Music Fundamentals
World Music
History of Rock and Roll
Social Science
Select two of the following:6
Understanding Media and Social Change
Human Communication
Principles of Microeconomics 2
Principles of Macroeconomics 2
Human Geography
United States to 1877
United States to Present
World Civilizations to 1500
World Civilizations since 1500
Environmental History
Native American Studies
American National Government
State and Local Government
Introduction to Psychology
Introduction to Sociology
Introduction to Anthropology
Additional Humanities or Social Science
Select one additional course from Humanities or Social Science or select from the following:2
Drawing I
Ceramics I
Survey of Geography
Group Piano for Non-Majors
Group Piano for Non-Majors
Concert Choir
Athletic Band
Concert Band
Planetarium Science
Theatre Practicum
Total Credits39

Major Requirement

Required Courses
ACCT 200Elements of Accounting I3
ACCT 201Elements of Accounting II3
ACCT 321Financial Statement Analysis 3
BUSI 214Business Communications3
BUSI 249Introduction to Business1
BUSI 315Business in the Legal Environment3
BUSI 336Business Data Solutions3
BUSI 337Authoring Digital Publications3
BUSI 350Operations Management3
BUSI 480Strategic Planning3
BUSI 485Entrepreneurship3
BUSI 491Senior Seminar1
FIN 375Managerial Finance3
MATH 210Elementary Statistics3
MGMT 235Diversity in the Workplace3
MGMT 270Business Ethics3
MGMT 330Principles of Management3
MRKT 305Principles of Marketing3
COMM 483Organizational Communication3
Total Credits53

Managerial Accounting & Finance Concentration Requirements

Managerial Accounting & Finance
ACCT 307Managerial Accounting and Finance3
ACCT 322Financial Reporting Topics3
ACCT 355Taxation of Business Entities3
ACCT 440Advanced Accounting Topics3
CIS 369Enterprise Systems3
FIN 376Managerial Finance II3
Total Credits18

Total General Education 39 Hrs
Total Major Requirement 53 Hrs
Total Concentration Requirements 18 Hrs
Total Credits Needed to Graduate 120 Hrs

For degree and graduation requirements, visit degree requirements and graduation requirements.

Plan of Study

First Year
BUSI 2491COMM 110 (Gen Ed)3
CIS 1703ECON 2023
ECON 2013ENGL 1253
ENGL 110 (Gen Ed)3Lab Science (Gen Ed)4
HPER 100 (Gen Ed)2MATH 103 (Gen Ed)3
Lab Science (Gen Ed)4 
UNIV 1501 
 17 16
Second Year
ACCT 2003ACCT 2013
Literacies (Gen Ed)3Additional Humanities or Social Science (Gen Ed)2
MATH 2103BUSI 2143
MGMT 2353BUSI 3363
MRKT 3053BUSI 3373
 15 14
Third Year
ACCT 3213ACCT 3073
ACCT 3553ACCT 3223
Art and Music (Gen Ed)3BUSI 3503
BUSI 3153FIN 3763
FIN 3753MGMT 2703
 MGMT 3303
 15 18
Fourth Year
ACCT 4403BUSI 4853
BUSI 4803BUSI 4911
COMM 3113CIS 3693
Elective 3Elective 3
 15 13
Total Credits 123

Please note:  This plan is intended for general information only.  Students are strongly encouraged to meet with their academic advisor each semester before registration.

Learning Outcomes

  1. Demonstrate application of program content knowledge to strategically examine and develop problem solving solutions in the business environment. 
  2. Utilize specialized skills to analyze and evaluate alternatives to be informed during the decision making process, and effectively implement solutions. 
  3. Exhibit competency in workplace readiness skills, including; communication, problem solving, collaboration and teamwork, emotional intelligence, ethical behavior and professionalism, and an appreciation for diversity and inclusion. 
  4. Identify and employ innovative technology to efficiently address business needs.