Accounting is the language of business. Whether students are interested in starting their own small businesses or working for a Fortune 500 company, knowledge of the basics of accounting and financial reporting will provide a deeper understanding of the tools used in running a business.
The accounting minor is offered only for business majors by the Silberman College of Business at the Florham Campus, Madison, New Jersey, and at the Metropolitan Campus, Teaneck, New Jersey.
To have the selected minor recorded on the transcript, students must earn a cumulative grade point ratio of 2.00 or better in the minor. In general, courses that count toward the declared major do not count toward the minor. The main exception to this rule applies to students in the business administration major, who can apply a maximum of two qualifying courses toward both their major and a minor; other exceptions are noted specifically in each minor.
- ACCT3241 Intermediate Financial Accounting I
- ACCT3242 Intermediate Financial Accounting II
- ACCT3243 Cost Accounting: Measurement and Control
- ACCT3390 Accounting Information Systems
Florham Campus Advisers
Metropolitan Campus Advisers
ACCT3241 This course reviews the accounting cycle and has a detailed study of the financial accounting conceptual framework, underlying accounting principles including revenue recognition, income statement and balance sheet presentation, and accounting for assets including cash, receivables, inventories, and fixed assets. Basic differences in relevant US and international accounting standards are identified.
ACCT3242 This course continues the detailed study of financial accounting begun in ACCT 3241. Recent pronouncements of the Financial Accounting Standards Board and their applications, such as in the areas of accounting for liabilities, stockholders equity, dilutive securities, earnings per share, and statement of cash flows. Basic differences in relevant US and international accounting standards are identified.
ACCT3243 This course covers advanced managerial accounting topic
ACCT3390 The problems and procedures concerning the design and installa- tion of accounting systems. Development of account classifica- tions and internal controls with emphasis on the accountant's use of the computer as an aid to management.