Advanced Accounting Minor

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The Advanced Accounting minor (15 credits) allows students to focus on specialized areas in the field, including fraud, auditing, and governmental and nonprofit accounting. This undergraduate minor is open to all students who meet the prerequisites for individual courses. In practice, this means that most of the students choosing this minor will be Accounting majors. The combined Accounting major and minor will prepare students for graduate work in accounting and will provide students with the depth and breadth of education needed to help pass the CPA exam and help meet the 150-credit hour education required by Maine and most states for licensure as a CPA.

Students who wish to pursue the minor must complete a minor declaration form available online at the Registration & Scheduling Services MyUSM (login required - UMS credentials).

The requirements for admission to the minor are completion of at least 12 credits at USM with a grade point average of 2.33 or higher.

School of Business majors may count up to two specified (see minor requirements) Accounting upper division accounting classes (6 credits) in both the Accounting major and the Advanced Accounting minor. The remaining minor courses (9 credits) cannot double count in the minor and the accounting or business major courses or between two Business minors. School of Business majors are allowed to declare more than Business minor.

Non School of Business students can only have one Business minor.

Program Requirements

The Advanced Accounting minor is 15 credits. A student may transfer into the Accounting minor up to six credit hours of acceptable courses. To complete the minor, students must earn at least a C- in 100/200 classes within the minor and at least a C in the 300/400 classes within the minor. Students are required to complete any prerequisites for the classes in the minor unless waived by the instructor.

Required courses (6 credits)

ACC 301 - Financial Reporting I Credits: 3 (min. C)
ACC 413 - Concepts and Strategies of Taxation Credits: 3 (min. C)

Choose 3 courses (9 credits) from the following list:

These courses can’t double count with ACC major courses:

ACC 302 - Financial Reporting II Credits: 3 (min. C)
ACC 395 - Internship I Credits: 3 (min. pass)
ACC 405 - Cost Management Systems Credits: 3 (min. C)
ACC 410 - Auditing and Assurance Credits: 3 (min. C)
ACC 416 - Governmental and Nonprofit Accounting Credits: 3 (min. C)
ACC 418 - Principles of Fraud Examination Credits: 3 (min. C)
ACC 490 - Independent Study in Accounting Credits: 1-3 (min. C, needs to be 3 credits)
ACC 499 - Special Topics in Accounting Credits: 1-3 (min. C, needs to be 3 credits)