Curricular Changes

Changes to the Accounting Major

Effective Fall 2025, the Accounting Department is revising its major through the following undergraduate course updates: 

• ACCT 5102 (4 Cr.) will become two, 2-credit required courses: ACCT 5111 - Intermediate Accounting II (2 Cr.) and ACCT 5112 - Intermediate Accounting III (2 Cr.)

• ACCT 5135 (4 Cr.) will become two, 2-credit courses: ACCT 5151 Fundamentals of Federal Income Tax (2 Cr.) and ACCT 5235 Federal Taxation of Individuals (2 Cr.) 

• In the new version of the Accounting major, effective Fall 2025, only ACCT 5151 will be required, and ACCT 5235 will be an elective option.

With this revision, the total number of credits to complete the Accounting major will decrease from the current total of 26 credits, to 24 total credits in the new version of the major. The credit changes will not impact eligibility for the CPA exam. However, students planning to pursue the CPA are strongly encouraged to consider ACCT 5235 as an elective to help prepare for the tax portion of the CPA exam.

Students who declare the Accounting major moving forward will automatically follow the new major requirements. Current Accounting majors (i.e. students who declared the major prior to March 1, 2025) will follow the old/current requirements, but have the opportunity to opt into the new requirements should they prefer. 

To opt into the new version of the major, please fill out this form. The Carlson Undergraduate Program will update your APAS within 7 business days of receiving your submission. Please feel free to contact advisbsb@umn.edu or your academic advisor with any questions

View a comparison between the two versions of the major below.  

CURRENT REQUIREMENTS:

 Complete these courses and earn 22 or more credits from the following:

• ACCT 5101 - Intermediate Accounting I (4 Cr.)

• ACCT 5111- Intermediate Accounting II (2 Cr.) OR ACCT 5102 Intermediate Accounting II (4 Cr.) 

• ACCT 5112 - Intermediate Accounting III (2 Cr.) OR ACCT 5102 Intermediate Accounting II (4 Cr.)

• ACCT 5121W - Auditing Principles and Procedures I (2 Cr.) OR ACCT 5125W - Auditing Principles and Procedures (4 Cr.)

• ACCT 5122 - Auditing Principles and Procedures II (2 Cr.) OR ACCT 5125W - Auditing Principles and Procedures (4 Cr.)

• ACCT 5151 Fundamentals of Federal Income Tax (2 Cr.) OR ACCT 5135 - Fundamentals of Federal Income Tax (4 Cr.)

• ACCT 5235 - Federal Taxation of Individuals (2 Cr.) OR ACCT 5135 - Fundamentals of Federal Income Tax (4 Cr.)

• ACCT 5141 - Financial-Data Analytics (2 Cr.)

• ACCT 5201 - Intermediate Management Accounting (2 Cr.)

• BLAW 3062 - Contract Law and Corporate Regulation (2 Cr.)

 Earn at least 4 credits from the following:

• ACCT 5126 - Internal Auditing (2 Cr.)

• ACCT 5161 - Financial Statement Analysis (2 Cr.)

• ACCT 5181 - Consolidations and Advanced Reporting (2 Cr.)

• ACCT 5236 - Introduction to Taxation of Business (2 Cr.)

• ACCT 5311 - International Accounting (2 Cr.)

• ACCT 5900 - Topics in Accounting (1-4 Cr.) Topics Course

• IDSC 4411 - Information Technology Governance and Assurance (2 Cr.)

NEW REQUIREMENTS (effective Fall 2025):

Complete these courses and earn 20 or more credits from the following:

• ACCT 5101 - Intermediate Accounting I (4 Cr.)

• ACCT 5111- Intermediate Accounting II (2 Cr.) OR ACCT 5102 Intermediate Accounting II (4 Cr.) 

• ACCT 5112 - Intermediate Accounting III (2 Cr.) OR ACCT 5102 Intermediate Accounting II (4 Cr.)

• ACCT 5121W - Auditing Principles and Procedures I (2 Cr.) OR ACCT 5125W - Auditing Principles and Procedures (4 Cr.)

• ACCT 5122 - Auditing Principles and Procedures II (2 Cr.) OR ACCT 5125W - Auditing Principles and Procedures (4 Cr.)

• *ACCT 5151 Fundamentals of Federal Income Tax (2 Cr.) OR ACCT 5135 - Fundamentals of Federal Income Tax (4 Cr.)

• ACCT 5141 - Financial-Data Analytics (2 Cr.)

• ACCT 5201 - Intermediate Management Accounting (2 Cr.)

• BLAW 3062 - Contract Law and Corporate Regulation (2 Cr.)

 Earn at least 4 credits from the following:

• ACCT 5126 - Internal Auditing (2 Cr.)

• ACCT 5161 - Financial Statement Analysis (2 Cr.)

• ACCT 5181 - Consolidations and Advanced Reporting (2 Cr.)

• *ACCT 5235 - Federal Taxation of Individuals (2 Cr.) 

• ACCT 5236 - Introduction to Taxation of Business (2 Cr.)

• ACCT 5311 - International Accounting (2 Cr.)

• ACCT 5900 - Topics in Accounting (1-4 Cr.) Topics Course

• IDSC 4411 - Information Technology Governance and Assurance (2 Cr.)

* Under the new requirements, students who completed ACCT 5135 (4 Cr.) will fulfill the ACCT 5151 (2 Cr.) course requirement, as well as the ACCT 5235 (2 Cr.) elective option.

• ACCT 5102 Intermediate Accounting II, a required course in the minor, will be split into two required, 2-credit courses: ACCT 5111 Intermediate Accounting II and ACCT 5112 Intermediate Accounting III

• ACCT 5135 Fundamentals of Federal Tax, an elective course in the minor, will be split into two elective, 2-credit courses: ACCT 5151 Fundamentals of Federal Income Tax and ACCT 5235 Federal Taxation of Individuals

• The total number of credits to complete the minor is not changing.

• Effective Fall 2025, MGMT 4008 will change from a 4-credit course to a 2-credit course. 

• MGMT 5102 StartUp: Customer Development and Testing will be offered in Fall 2025 only. It will not be offered in Spring 2026. 

• FINA 3001 Finance Fundamentals will be offered in Summer 2025.

• FINA 4329 Security Analysis Capstone will be offered in Fall 2025 only. It will not be offered in Spring 2026.

• FINA 5323 Advanced Financial Modeling will not be offered in 2025-2026. 

• Finance major elective update: Effective Fall 2025, finance students can take one of the following accounting courses for elective credit in the Finance major: ACCT 5111 Intermediate Accounting II OR ACCT 5161 Financial Statement Analysis. Note that only one course can be applied towards elective credit in the Finance major. 

• New course announcement: FINA 4323 Entrepreneurial Finance (prereq: FINA 4422) will be offered for the first time in Fall 2025. It will count as elective credit in both the Finance major and the Finance minor.

• HRIR 3051 Compensation: Theory and Practice will move to spring and be offered in Spring 2026. It will not be offered in Fall 2025.

• HRIR 3071 Union Organizing and Labor Relations will move to fall and be offered in Fall 2025. It will not be offered in Spring 2026.

• HRIR 3072 Collective Bargaining and Dispute Resolution will not be offered in 2025-2026.

• HRIR 5252 Employment and Labor Law for the HRIR Professional will not be offered in 2025-2026. 

• MGMT 3039 Intercultural Business Communication will not be offered in 2025-2026 or in the foreseeable future.

• MGMT 3045 Understanding the International Environment of Firms will be offered in Fall 2025 only. It will not be offered in Spring 2026.

• MGMT 4505 Seminar in International Business will be offered in Spring 2026 only. It will not be offered in Fall 2025. 

• MGMT 4031 Industry Analysis in a Global Context will be offered in Fall 2025 only. It will not be offered in Spring 2026.

Effective Fall 2025, the requirements for the Management Information Systems major will change:

• IDSC 4301 MIS in Action: A Capstone Course will become an elective course in the major. 

• A new course, IDSC 3105 Information Technology Infrastructure, will be a required course in its place. The total number of credits for the major will not change.

This change goes into effect in the Fall 2025 semester. Students who declare the major on or after September 2, 2025 will follow the new requirements, and students who declare(d) prior to this date will be under the old/current requirements. 

However, all students under the old/current requirements have the option to opt into the new requirements should they prefer. To view the new major requirements and to opt in, please visit this form. No action is required should you wish to stay under the current/old requirements. 

Effective Fall 2025, the requirements for the Management Information Systems minor will change:

• IDSC 3103 will become a required course in the minor. 

• The number of elective credits will decrease from 8 to 6. The total number of credits needed to complete the minor will remain the same at 12.

• IDSC 3105, a new course, is an elective option for both current and future MIS minors.

This change is effective for the Fall 2025 semester– all students who declare the minor starting on the first day of the Fall 2025 will be under the new requirements. If you are a current MIS minor and are interested in opting into the new version of the minor, please reach out to your academic advisor.

• MKTG 4031 Sales Management will be offered in Fall 2025 only. It will not be offered in Spring 2026.

• MKTG 4085 Nudge: Improving Decisions about Health, Wealth, and Happiness will be offered in Spring 2026. 

• MKTG 4086 Pursuit of Happiness in the Age of Consumption will be offered in Fall 2025. It will not be offered in Spring 2026. 

• MGMT 4031 Industry Analysis in a Global Context will be offered in Fall 2025 only. It will not be offered in Spring 2026.

• MGMT 4032 Corporate Strategy will be offered in Spring 2026 only. It will not be offered in Fall 2025. 

• Supply Chain majors and minors should be mindful when planning their class schedule, as the following courses will offer only one section per semester next academic year: SCO 3045, SCO 3048, SCO 3056, SCO 3059 and SCO 3072. 

• SCO 3051 Service Management will move to spring and be offered in Spring 2026. It will not be offered in Fall 2025.