An undergraduate certificate in accounting foundations can supplement an associate or bachelor’s degree while helping you develop the skills and knowledge needed for business transactions while also applying critical thinking skills for analysis of and reporting of the economic activities of an organization.

About the Accounting Foundations Certificate

What You'll Learn

Through your coursework, you will learn how to

  • Analyze and record business transactions
  • Follow monetary amounts through the business accounts
  • Prepare financial statements
  • Apply critical thinking skills to determine proper categorization of expenditures
  • Calculate interest paid on a loan payment

Coursework Examples

In past projects, students have had the opportunity to

  • Balance the accounts for a business
  • Analyze the profitability for a corporation
  • Evaluate the investment worthiness of a Fortune 500 corporation
  • Calculate the production requirements for a business to maintain a net profit
  • Compile a set of financial statements for a business

Accounting Foundations Certificate Requirements

Our curriculum is designed with input from employers, industry experts, and scholars. You'll learn theories combined with real-world applications and practical skills you can apply on the job right away.

Required Courses

Accounting Core Courses (6 credits)

  • ACCT 220
  • ACCT 221

Accounting-Related Courses (12 credits)

Choose from the following courses:

  • Any ACCT courses
  • BMGT 110
  • CMIS 102
  • ECON 201
  • ECON 203
  • Any FINC courses
  • IFSM 201
  • STAT 200

(Contact your academic advisor for additional approved courses)

Overall Certificate Requirements

  • To pursue a certificate program, you must be admitted as a UMGC student.
  • All undergraduate certificate coursework must be completed within two years of enrolling in the first certificate course.
  • You are responsible for notifying UMGC of your intention to complete certificate work before completion of your last course.
  • You can pursue a degree and certificate simultaneously or pursue a degree after completing the certificate, but the application for any certificate completed while in progress toward the degree must be submitted before award of the degree.
  • You cannot use the same course toward completion of more than one certificate.
  • In cases where the same course is required for two certificates, you must replace that course with an approved substitute for the second certificate.
  • No more than half of the total credits for any certificate can be earned through credit by examination, Prior Learning portfolio credit, internship/Workplace Learning credit, or transfer credit from other schools.
  • Certificates consisting primarily of upper-level coursework may assume prior study in that area. Check prerequisites for certificate courses.
  • Prerequisites for certificate courses can be satisfied by coursework, credit by examination, or Prior Learning portfolio credit.
  • At least half of the total credits for any certificate must be earned through graded coursework.
  • All required coursework for the certificate must be completed with a minimum grade of C (2.0) in all courses for an undergraduate certificate and B (3.0) in all courses for a graduate certificate.
  • Certificate courses cannot be taken pass/fail.
  • All graduate certificate requirements must be fulfilled within five consecutive years. Any transfer credits must have been earned within the five-year time frame to be applied toward a graduate certificate.

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