General Accounting: Financial Accounting Overview
With a B.S. in General Accounting focused in financial accounting, you will learn the skills required to enhance your analytical and quantitative capabilities, preparing you for a career in accounting or finance. You will also gain knowledge that will enable you to understand the business environment, business concepts and ethical responsibilities.
By selecting the General Accounting Program with a specialization in Financial Accounting, your accounting studies will be focused on financial accounting standards for both for-profit and non-for-profit enterprises, as well as state and local governments.
The B.S. in General Accounting: Financial Accounting program will enable you to sit for the Certified Management Accountant (CMA) Examination, but not the Certified Public Accountant (CPA) Examination. However, additional appropriate coursework can be completed to address the necessary CPA Examination requirements.
The career opportunities available to graduates of the General Accounting: Financial Accounting program are vast and include (but are not limited to) working as a budgeting and forecasting analyst, a trust accountant, financial advisor, and an inventory or fixed asset accountant.
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
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.
Frequently Asked Questions
Full-time students can complete the 120-credit degree program in four years.
Undergrad accounting programs are offered in the day and evening (and some classes on weekends) at both the Dobbs Ferry and Bronx campuses (with some introductory courses offered in the evening in Manhattan).
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.
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.
Program Details & Curriculum
Bachelor of Science
General Liberal Arts and Sciences
General Education Requirements: 60 Credits
*ECON 125, ECON 220, ECON 221, ECON 230, MATH 116 and MATH 120/CISC 120 or CISC 131 are Prerequisites for the major and must be used to fulfill general education requirements.
Core and Specialization
Business Core: 27 Credits
General Accounting & Specialization: 24 Credits
Open Electives: 9 Credits
Total: 120 Credits
Students who choose the major concentration in General Accounting with a specialization in Financial Accounting must complete:
- ACCT 120 Intro to Financial Accounting
- ACCT 121 Intro to Management Accounting
- ECON 210 Business Presentations and Personal Branding
- 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
The College’s 15-credit residency requirement in the major of General Accounting with a Specialization in Financial Accounting must be met with 12 credits in with Accounting (ACCT) courses numbered 240 or higher, excluding ACCT 380 and ACCT 381 plus MGMT 460 - Strategic Management (cc) (senior-level capstone course).
- ACCT 240 Intermediate Accounting I
- ACCT 241 Intermediate Accounting II
- MGMT 460 Strategic Management (senior-level capstone course)
- Any one additional Accounting (ACCT) courses except ACCT 380 or ACCT 381, Internship in Accounting I or II.
- ACCT 320 Gov/Non-Profit/Special Topics
- ACCT 330 Advanced Accounting
and one of the following courses:
- FINC 345 Financial Statement Analysis
- FINC 442 Investment Management
Any 3 courses
The major in General Accounting with a Specialization in Financial Accounting meets the educational requirements for candidates applying to take the Certified Management Accountant (CMA) Examination. The major in General Accounting with a Specialization in Financial Accounting does not meet the educational requirements for candidates applying to take the Certified Public Accountant (CPA) Examination.
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 core financial accounting concepts and their application to business
Download a copy of the sequence map for: