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Tools of the trade for a Tax Accountant.

General Accounting: Taxation Overview

Tax professionals provide new ways of thinking, global perspectives and acute insights that help corporations and clients stay competitive.

If you currently work or are planning a career in accounting or taxation with a for-profit organization, not-for-profit organization, or a Federal, State or local government, a General Accounting major is for you.

If you pursue a General Accounting degree with Specialization in Taxation, your studies will be focused on financial accounting and individual partnership & corporate taxation regulations.

The program enables you to sit for the Certified Management Accountant (CMA) Examination. With a Bachelor’s of Science in General Accounting, you’ll understand the business environment, business concepts and ethical responsibilities. You’ll know how to employ accounting principles and procedures for recording and presenting financial results.

An accountant at work

Career Opportunities

If you pursue a General Accounting degree with Specialization in Taxation, your studies will be focused on financial accounting and individual partnership & corporate taxation regulations.

The Mercy Advantage

  • Hands-on Experience with the Volunteer Income Tax Assistance for low income citizens (VITA) program

  • Get real-world experience while still in school by working on various consulting projects

  • Learn from an executive faculty who are leaders in their fields

Frequently Asked Questions

How long does earning a degree take?

Full-time students can complete the 120-credit degree program in four years.

Where and when are classes offered?

Daytime, Dobbs Ferry Campus. If you’re a working student, night classes are conveniently offered at our Bronx Campus.

Should I select a specialization within the General Accounting degree?

It is not necessary. Based on the students area of interest, specialization within the General Accounting degree program allows students to focus on coursework appropriate for Financial Accounting, Taxation or Computer & Information Systems.

Are department faculty available for academic advising?

Yes, faculty are always ready to help students with questions about what courses to take, the sequencing of courses, and career opportunities, including internships and cooperative education.

School of Business students working on a project in Manhattan.

Future Business Leaders Academy

This year's Future Business Leaders Academy was our most successful yet. The highly select group chosen to join us at Mercy College in Dobbs Ferry, NY learned about personal branding, matching their personalities to career paths, and visited some of the top global corporations in New York.

Program Details & Curriculum

Curriculum Overview

Bachelor of Science
General Liberal Arts and Sciences
General Education Requirements: 60 Credits
ECON 125, 210, 220, 221, 230, MATH 116 and MATH/CISC 120 are prerequisites for the major and must be used to fulfill general education requirements.

Core and Specialization

Business Administration Core: 30 Credits
General Accounting & Specialization: 24 Credits
Open Electives: 12 Credits

Total: 120 Credits

For a full curriculum listing visit our catalog.

 

Business Core

Students who choose the major concentration in General Accounting with a specialization in Taxation must complete:

  • ACCT 120 Intro to Financial Accounting
  • ACCT 121 Intro to Management Accounting
  • FINC 235 Financial Management
  • INBU 250 International Business
  • BLAW 240 Business Law I
  • MGMT 225 Principles of Management
  • MGMT 340 Organizational Behavior
  • MKTG 220 Principles of Marketing

 

Specialization*

  • ACCT 340 Intro Federal Income Taxation
  • ACCT 341 Advanced Fed Income Taxation

and one of the following courses

  • FINC 345 Financial Statement Analysis
  • BLAW 340 Business Law II

Open Electives

Any four courses

The College’s 15-credit residency requirement in the major concentration of General Accounting with a Specialization in Taxation must be met with 12 credits in Accounting (ACCT) courses numbered 240 or higher, excluding ACCT 380 and ACCT 381 plus Management (MGMT) 460 (senior level capstone course).

The major concentration in General Accounting with a Specialization in Taxation meets the educational requirements for candidates applying to take the Certified Management Accountant (CMA) Examination.

The major concentration in General Accounting with a Specialization in Taxation does not meet the educational requirements for candidates applying to take the Certified Public Accountant (CPA) Examination. 

General Accounting *

  • ACCT 240 Intermediate Accounting I
  • ACCT 241 Intermediate Accounting II
  • MGMT 460 Strategic Management
  • (senior-level capstone course)
  • And any two additional Accounting (ACCT) courses except ACCT 380 or ACCT 381, Internship in Accounting I or II.

Program Outcomes

At the end of this program, students should be able to:

  • Demonstrate knowledge of key concepts in the business core curriculum
  • Recognize and evaluate ethical issues in business and accounting
  • Use accounting tools and integrate business and accounting information to make strategic economic and managerial decisions
  • Use oral, written, and presentation skills to communicate accounting information
  • Demonstrate knowledge of tax practice and techniques and the business implication of taxes