Major in Accounting

Students must complete the following required classes as part of their major:

  • ACCT 3000 Intermediate Financial Accounting I (C- or better) (recommended as a junior fall semester)
  • ACCT 3010 Intermediate Financial Accounting II (C- or better) (recommended as a junior spring semester)
  • ACCT 4000 Federal Taxation of Income (C- or better) (recommended as a junior spring semester)
  • ACCT 4010 Auditing I (C- or better) (recommended as a senior fall semester)
  • ACCT 4020 Advanced Financial Accounting (C- or better) (recommended as a senior spring semester)
  • ADMN 4020 Business Law (C- or better) (recommended as a senior fall semester)

Two additional electives/internships are required, of student choice, from any Else School subject (ACCT, ADMN, ECON, ENTR, FINC, MRKT, MGMT, or MGIS).*

  • XXXX #### (recommended as a senior spring semester)
  • XXXX #### (recommended as a senior spring semester)

*Accounting majors have the option of participating in an eight-semester-hour, full-time residency program during the spring semester of the senior year. The accounting residency program allows selected undergraduate students to work full time for a Big 4, regional, or local accounting firm in the spring of their senior year. In the fall, accounting firms interview Millsaps accounting seniors for spring residency positions. Selected students work full-time, receiving full pay in positions that foster professional growth and maturity.

Students must complete the senior seminar and a comprehensive exam in their major:

  • Comprehensive Exam
  • ACCT 4900 Senior Seminar (C- or better) (recommended as a senior fall semester)

A fifth year of study is optional but leads to the master of accountancy degree (M.Acc.), which provides the additional course work necessary to qualify to sit for the CPA exam, is described in the Graduate Catalog.

Master of Accountancy

The Master of Accountancy degree is designed for students who intend to pursue professional careers in public accounting, business, and the government/nonprofit sector. The Master of Accountancy fulfills the educational requirements to sit for the CPA examination in the state of Mississippi and many of the states that have adopted the AICPA’s 150 credit-hour requirement. Students are encouraged to check with the state Board of Accountancy in the state where they plan to practice regarding specific course requirements. The program involves a fifth year of study beyond the Bachelor of Business Administration degree. Students who plan to seek the Master of Accountancy degree should take the basic accounting major. For more details about the master of accountancy program, consult with a member of the accounting faculty, contact the graduate business admissions office, see the master of accountancy description under the Else School of Management portion of the catalog, or visit the Else School web page at www.millsaps.edu/mba-macc. The program takes about 12 months for a full time student to complete. The program takes about 24 months for a part-time student to complete.

Entrepreneurship Concentration

About: Any student majoring in Business Administration, Accounting, or Economics may also add a concentration to their major. The entrepreneurship concentration allows students to demonstrate to potential employers or graduate schools particular competence in entrepreneurship within the broader context of the student’s degree program.

Students must complete the following courses for the concentration:

  • ENTR 3010 Innovation
  • ENTR 3020 Entrepreneurial Finance
  • *ENTR 4010 Entrepreneurship
  • *ENTR 4020 Entrepreneurial Investments
  • *ENTR 4030 Entrepreneurial Internship could serve as a substitute for ENTR 4010 or ENTR 4020.

If a student did two internships, the class could substitute for both. The substitution must be filed in the Office of Records.

Financial Services Concentration

About: Any student majoring in Business Administration, Accounting, or Economics may also add a concentration to their major. The financial services concentration allows students to demonstrate to potential employers or graduate schools particular competence in finance within the broader context of the student’s degree program.

Students must complete the following courses for the concentration:

  • *ACCT 3000 Intermediate Financial Accounting I
  • *ECON 3020 Money and Financial Systems
  • FINC 3900 Seminar in Portfolio Management
  • FINC 4000 Advanced Finance

*In the event that ECON 3020 or ACCT 3000 is unavailable or when students suffer an unavoidable scheduling conflict with either of these two courses, other courses may serve as substitutes. These courses include Student Managed Fund I (FINC 4002) and Student Managed Fund II (FINC 4012), Intermediate Financial Accounting II (ACCT 3010), and certain Economics or Financial Markets courses. No substitutes are allowed for FINC 3900 or FINC 4000. Substitutions to the curriculum are made only with the permission of the Director of the Bachelor of Business Administration Program.

Global Business Studies Concentration

About: Any student majoring in Business Administration, Accounting, or Economics may also add a concentration to their major. The global business studies concentration allows students to demonstrate to potential employers or graduate schools particular competence in international business within the broader context of the student’s degree program.

Students must complete the following courses for the concentration:

One of the following:

  • ECON 3040 International Economics
  • MGMT 3030 International Management
  • ACCT 4900 Senior Seminar: Contemporary Issues and Global Accounting
  • MGMT 4010 International Business

One of the following:

  • International travel with the Else School (or in business)
  • An elective course approved by the Director of International Programs for the Else School in either international business, political science with an international focus, history with an international focus, advanced language of 3000 level or above, or a directed study or internship with an international focus. Typical classes acceptable for an elective (subject to change) are:
    • PLSC 2400 International Relations
    • PLSC 3350 European Government and Politics
    • PLSC 3310 African Government and Politics
    • PLSC 2750 Special Topics courses with an international focus
    • PLSC 3800 Directed Readings (if topic appropriate with an international focus)
    • HIST 2350 History of Modern Europe—Enlightenment to the Fall of Soviet Communism
    • HIST 2400 African History and Society
    • HIST 2500 Middle Eastern History and Society
    • HIST 3320 Conquests and Cultures—The Expansion of the British World
    • HIST 3300 Topics in European Culture and History
    • HIST 3350 History of Modern France and Colonies
    • HIST 3750 Special Topics in History with an international focus
    • SPAN 3###
    • FREN 3###