The rapid growth in both the size and complexity of the modern business enterprise has increased the importance of control in business management. In order for management to control effectively its business operations it must have relevant facts concerning the operation of the business. Accounting reports are the means of expressing to management and other interested parties, in a systematic, accurate way, the complex relationships of business. Present-day accounting is not limited to summarizing and interpreting historical events. It extends to the compilation of pertinent information to help plan future business activities and to aid management to carry out its control function.
Accounting is vital in the conduct of business in modern society.
Therefore, this field of study is designed to give the student a broad general business foundation supplemented by a program which emphasizes the analytical and theoretical principles underlying current accounting practice. The program meets the needs of students who look forward to diversified careers in public accounting, in controllership for business and government, and in general accounting management, all of which offer satisfying and rewarding opportunities for a professional career. The administration of financial affairs in business plays a critically important role in the management of the corporate enterprise. It is essential, therefore, that the student of the administrative process possess a broad understanding of the function of finance, its mechanisms, and the operation of the financial system. Moreover, considering the intricate interrelationships between business and government in the realm of finance, all students of finance should understand something of the problems of both business finance and government finance.