Primarily, it serves the manager, owners, and creditors of the entity, and the interests of the general public.
Accounting communicates economic information by using periodic financial statements.
Although accounting may seem to be a procedural and clerical activity, it is very challenging and has an extensive theoretical foundation. The accounting minor is designed to teach students the accounting concepts underlying specific accounting methods or procedures, to help them understand the current accounting rules used by accountants, and to develop their ability to adapt to changes in accounting as these changes occur. The Florida State Board of Accountancy requires candidates for the CPA exam to complete 30 semester hours of course work above that required for the bachelor's degree. To meet this requirement within the 30 semester hours of additional course work, students must complete the economics major and the accounting minor. See the Accounting Department Coordinator for more information.