2020-2021 University Catalog

Accounting

The accountant plays a strategic role in the decision-making process that helps sustain healthy organizations, whether for-profit or not-for-profit. An accounting major at Multnomah University becomes part of a close-knit faith-based community consisting of students, faculty, staff and alumni. Students take classes, and participate in student organization activities. The utilization of real world projects, connected to live, outside organizations prepares graduates for a highly demanding financial profession.

Intentional integration of Biblical and theological thought underpins and strengthens the program allowing student to develop their God given passions and talents and then apply these talents to the marketplace in a Kingdom building, God honoring way. Students will gain actual experience in marketplace ministry while honing their understanding of business and ministry.

A Multnomah Accounting graduate will be eligible to sit for professional certification exams such as: Certified Management Accountant (CMA), Certified Internal Auditor (CIA) and the Certified Fraud Examiner (CFE).

Certified Public Accountants (CPA) testing requirements vary by state, so persons interested in this certification should seek competent advice. Common CPA requirements for all states is a minimum of 150 semester hours of college credit, 24 semester hours of accounting / finance credit and one year of work experience in an approved accounting / financial field. Multnomah University’s accounting program provides 125 of the 150 total required credit and all of the necessary accounting / finance credits. Several options are commonly used to gain the credits required beyond a bachelor’s degree, and interested students should seek competent advice.

Program Outcomes

In addition to the program outcomes of the general Business Administration degree, the Accounting majors should be able to:

  • Understand Generally Accepted Accounting Principles and their impacts on financial reporting. (AC1)
  • Prepare financial statements according to GAAP. (AC2)
  • Understand the basic financial statements of U.S. corporations and analyze those statements using both quantitative and qualitative information. (AC3)
  • Utilize financial statements to interpret cash flows and their impact on the organization. (AC4)
  • Understand the principles of internal control and the role of internal control in ensuring the reliability and accuracy of financial reporting. (AC5)
  • Demonstrate the ability to make financial decisions consistent with Biblical values utilizing quantitative and qualitative data. (AC6)
  • Interpret and communicate financial information to organizational stakeholders. (AC7)
  • Qualify to sit for the CMA, CFE and CIA professional certifications. (AC8)