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Accounting and Finance


The Accounting and Finance Department offers majors in accounting and finance, and a minor in business administration.

Current students: You should follow the official College Catalog from the year you entered Carthage and work with your advisors and the department chair to ensure all requirements are met.

The Accounting Major

Accounting majors can amass the 150 credits required to qualify for the CPA exam and CPA certification in just four years by taking a J-Term course every year and overloading one semester.

Required Courses — take all:

  • ACC 2010 Financial Accounting (4 credits)
  • ACC 2040 Cost and Managerial Accounting (4 credits) — or ACC 2020 and ACC 2050 (6 credits)
  • ACC 3010 Intermediate Accounting I (4 credits)
  • ACC 3020 Intermediate Accounting II (4 credits)
  • ACC 4010 Advanced Accounting (4 credits)
  • ACC 4020 Auditing (4 credits)
  • MGT 3600 Legal Environment of Business (4 credits)
  • FIN 3210 Corporate Finance (4 credits)
  • ECN 1010 Principles of Microeconomics (4 credits)
  • ECN 1020 Principles of Macroeconomics (4 credits)
  • BUS 4900 Business Policies Senior Seminar

Choose three:

  • ACC 3060 Individual Taxation (4 credits)
  • ACC 3090 Business Taxation (4 credits)
  • ACC 3250 Accounting Information Systems (4 credits)
  • Acc 200T/400T Topics in Accounting (4 credits)

Choose one:

  • BUS/ECN 2340 Applied Statistics for Management and Economics (4 credits)
  • MGT 3100 Introduction to Business Analytics (4 credits)


The Finance Major

Required Courses — take all:

  • ACC 2010 Financial Accounting (4 credits)
  • ACC 3010 Intermediate Accounting I (4 credits)
  • ECN 1010 Principles of Microeconomics (4 credits)
  • ECN 1020 Principles of Macroeconomics (4 credits)
  • FIN 3200 Money and Banking (4 credits)
  • FIN 3290 International Finance (4 credits)
  • BUS 1110 Introduction to Business and Technology (4 credits)
  • MGT 3120 Principles of Management (4 credits)
  • FIN 3210 Corporate Finance (4 credits)
  • FIN 4050 Security and Portfolio Analysis (4 credits)
  • BUS 4900 Business Policy Senior Seminar (4 credits)

Choose one:

  • MGT 3600 Legal Environment of Business (4 credits)
  • MGT 3650 Business Law for Accountants (4 credits)

Choose two:

  • ACC 3020 Intermediate Accounting II (4 credits)
  • ECN 3340 Introductions to Econometrics (4 credits)
  • MGT 3100 Introduction to Business Analytics (4 credits)


Business Administration Minor

Note: This minor is not available to majors in either the Accounting and Finance Department or the Management and Marketing Department.

Take all:

  • ECN 1030 Issues in Economics (4 credits) — or ECN 1010 and ECN 1020
  • BUS 1110 Introduction to Business and Technology (4 credits)
  • ACC 2010 Financial Accounting or ACC 2020 Managerial Accounting (4 credits)
  • MGT 3120 Principles of Management (4 credits)
  • Eight credits of electives from courses with the following prefixes: ACC, BUS, FIN, MGT, MKT.

Current students, remember: You should follow the official College Catalog from the year you entered Carthage and work with your advisors and the department chair to ensure all requirements are met.

  • Quick Facts

    • Carthage is named a Best Midwestern College by The Princeton Review (2020), a designation given to only 25 percent of four-year schools.

    • The Tower, Carthage’s newest residence hall, provides some of the best views on campus — if not in the Midwest! In addition to #carthageviews of the lake from seven stories up, residents enjoy suite-style living and two floors of shared campus spaces for gaming, cooking, group meetings, or quiet studying. Learn more about all housing options.

    • You’re going to need brain fuel. Grab a morning coffee and a snack and Starbucks or Einstein Bros. Bagels. Later, meet friends at “The Caf,” where the specials change daily but the staples are constant, or swing through “The Stu” for wings, a burrito, or a sub. A new option, Carthage Cash, even covers some off-campus meals.

    • More than 90% of Carthage alumni report that they have secured a job or are continuing their studies six months after graduation. Visit Career Services.

    • 91% of employers say critical thinking, communication, and problem-solving skills matter more than your major when it comes to career success. Learn more about how the liberal arts prepare you for a successful career.

    • Lots of schools wear the four-year label. Carthage stands behind it. More than 90% of Carthage graduates earn their degrees in four years. Learn more

    • Oscars. Emmys. Tonys. Golden Globes. The playwrights we’ve brought in have them. Each year, the Carthage Theatre Department commissions an original script by a renowned playwright for its New Play Initiative. Carthage students then work with the writer to stage it. 

    • Carthage’s Velocity Consulting was the first 100% student-run full-service consulting agency in the country. Students gain incredible experience while providing marketing, branding, accounting, finance, and other support to regional clients. Other schools have since copied the Velocity model, including Harvard University.

    • Taking you past just studying the theories of business, Carthage’s READY™ Curriculum Design, a proprietary student-centered philosophy, helps develop the best-prepared business students.

    • Located in the heart of the Chicago-Milwaukee business corridor, you will have plenty of options for internships and jobs.

    • Carthage accounting, finance, management, and marketing professors regularly lead J-Term study tours to such destinations as Sweden, England, Ireland, and China, where students meet with executives and learn first-hand how global businesses operate.

    • Carthage has ranked as a top Fulbright producer for four of the past five years. Read about Carthage Fulbright winners.

    • Things look new at Carthage because they are. Our science center, student union, athletic and recreation center, and numerous residence halls have all been constructed or newly renovated in the last 15 years.

    • Carthage offers majors, minors and concentrations in more than 50 areas of study, from archaeology to neuroscience, nursing to music theatre.

    • Our Summer Undergraduate Research Experience offers select students a research budget, one-on-one mentoring with a professor, and 10 weeks of analyzing, deciphering — and getting paid.

    • So the lake is kind of a focal point, but there’s a lot more to love about our campus — like the fact that our more than 80-acre campus is also an arboretum and wildlife sanctuary. Focused on keeping campus lush forever, we plant between 50 and 75 new trees every year from a variety of species.

    • Carthage was founded in 1847. That’s more than 170 years of leaders, makers, and go-getters going out and going forth. Read more about Carthage’s rich history.

    • More than 90 percent of students receive financial aid. Carthage awards more than $20 million in scholarship and grant assistance. That includes $5.5 million in competitive scholarships in business, mathematics, science, languages, the fine arts, leadership, and overall academic strength. Learn what’s available.

    • Abraham Lincoln was an early Trustee of the College, and U.S. Secretary of State John Hay was a Carthage alum. The two still have a proud place on our campus. Spend some time with them in our Sesquicentennial Plaza. On warm days you’ll find professors leading their classes here.

    • Come to Carthage; hear yourself think — think … think …
      Legend has it that Sesquicentennial Plaza holds a perfect echo. Just stand with both your feet on the “1847,” face Straz, and start talking. “You’re the only one who can hear you, but you’ll be crystal clear,” promises English and theatre alumna Mikaley Osley.

    • Our Great Lake provides Carthage students with some amazing views. Think classes on the beach, lake views from the lab, and sunrises from your dorm room. “I love waking up in the morning with the sun shining off the lake. Nothing compares to the view in the morning,” recalls biology and neuroscience major Ann O’Leary.

    • Carthage awards up to 35 Presidential Scholarships each year, which range from $20,000 up to full tuition. Learn more.

    • For a full decade, NASA has selected Carthage students to conduct research aboard its zero-gravity aircraft. Lately, the stakes have risen. A team of underclassmen is grinding to prepare a tiny but powerful Earth-imaging satellite for launch to the International Space Station. Learn more about the space sciences at Carthage

    • Carthage is the only college or university in the Midwest where every freshman takes a full-year sequence of foundational texts of the Western intellectual tradition. Learn about the Carthage core.

    • With a student-faculty ratio of 12:1, your professors will know who you are. They will also know who you want to be — and how to get you there. Meet our faculty.

    • There are more than 130 student organizations on campus, from Amnesty International to Fencing to Frisbee, Chem Club to Stand Up Comedy. See how easy it is to get involved.

    • True story: There are more than 27 art galleries, a dozen museums, and nine theatres within 25 miles of Carthage. Some highlights: The nationally recognized Racine Art Museum, the world-renowned Art Institute of Chicago, and the Milwaukee Art Museum. Learn more about our location.

    • What’s better than one professor? Two professors. What’s better than two professors? Two professors from totally different fields teaching a single class. There’s debate. Discussion. Differing perspectives. This is where the magic happens. That’s why every student takes a Carthage Symposium.

    • You can’t hide here — not with only 17 other students in the classroom with you. That’s going to be rough some mornings. But later, when you’re able to argue your point of view thoughtfully, express your opinions succinctly, and meet challenges head-on, without fear … Yep, you’ll thank us.

    • Carthage is ranked No. 3 in the country for student participation in short-term study abroad. Every J-Term, hundreds of students travel all over the world on faculty-led study tours. Imagine a month in Sweden, Rome, Cuba, Senegal, India, Japan …