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Accountants with a Financial Accounting specialty reviewing a client's P & L.

General Accounting: Financial Accounting Overview

Learn the skills required to enhance your analytical and quantitative capabilities, preparing you for a career in finance or accounting.

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 select the General Accounting program with specialization in Financial Accounting, your accounting studies will be focused on financial accounting standards for government, not-for-profit, and for-profit enterprises.

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.

Financial Accountants hard at work.

Career Opportunities

Financial Accounting graduates may seek positions such as: trust accountant, financial advisor, budget analyst, inventory accountant and fixed asset accountant.

What You'll Get

  • 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 Core: 24 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 Financial Accounting 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 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

Open Electives

Any four courses

The College’s 15-credit residency requirement in the major concentration 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 Management (MGMT) 460 (senior- level capstone course).

The major concentration 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 concentration 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.

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 core financial accounting concepts and their application to business