Accounting, Finance, Economics and Political Science

Contact the department main office at 731-881-7226.

Accounting

Students in the account major have the following skill sets:

  • Knowledge of the accounting information system and the accounting cycle
  • Preparation of journal entries for a wide variety of transactions
  • Preparation of adjusting and closing entries
  • Preparation of basic financial statements
  • Inventory-related calculations, e.g., FIFO, LIFO weighted average, dollar-value LIFO
  • Fixed asset related calculations related to acquisition, use and disposal
  • Depreciation calculations for a variety of methods
  • Basic payroll calculations and journal entries
  • Preparation of journal entries for both accounts receivable and accounts payable

Economics

Students in the economics major have the following skill sets:

  • Good oral and written communication skills
  • Some level of analytical reasoning ability (particularly on economic topics)
  • Some level of data analysis/interpretation
  • Knowledge of economic terminology
  • An understanding of economic policy formulation

Finance

Students in the finance major have the following skill sets:

  • Basic knowledge of spreadsheets and database applications
  • Basic quantitative and analytical skills
  • Basic understanding of financial statements and financial statement analysis
  • Basic understanding of security valuation and portfolio management

Political Science/Public Administration

Students in the political science and public administration majors have the following skill sets:

  • Basic knowledge of American government and the policymaking process at all levels (e.g., completion of POSC 220)
  • Strong written and oral communications skills
  • Ability to interact with constituents in a cordial and professional manner; in person and via telephone and e-mail
  • Ability to review and summarize information in a clear and concise manner
  • Ability to multi-task and work in a fast-paced office environment

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