Corporate Financial Management
It is difficult to uncouple the field of accounting and finance – at San Jose State University, we have combined the two fields to create a Corporate Financial Management concentration (CFM). The curriculum is designed to develop a basic understanding of the conceptual framework underlying the measurement and communication of accounting data; a technical competence for effectively measuring, assimilating and communicating economic data, and lead to making sound financial decisions. The curriculum includes an awareness of the moral and ethical considerations involved; and incentives to grow and keep pace with ever-changing issues, conditions, forces and ideas. The students will take five accounting and five finance courses to concentrate in CFM. The required accounting courses are accounting information systems, two sequence of intermediate accounting, and advanced management accounting & control systems while an elective could be any course from a list which includes taxation, business network environments & controls, forensic accounting, advanced accounting, operational auditing, or a practicum (in the honors program). The required finance courses are financial institutions and markets, financial management, problems in financial management, and international finance while an elective can be chosen from a long list of interesting topics – commercial banking, investments, portfolio management, futures & options, risk management & insurance, or real estate.
The students majoring in CFM are able to move seamlessly between accounting and finance careers which allows them to be very marketable in a field that presents numerous opportunities. With a few more accounting courses, a student is able to take the Certified Public Accounting exam (CPA exam) and be hired by public accounting firms or work for large, medium or small corporations.
Given the flexibility, the career paths include both the accounting and finance fields:
- Accounting at a public accounting firm specializing in:
- Accounting in an industrial sector leading to:
- Financial analyst
- Management/cost accounting
- chief financial officer (CFO)
- Tax accountant in private practice
- Not-for-profit accounting
- Governmental accounting
- Internal Revenue Service (IRS)
- Financial analyst
- Credit analyst in a financial institution including banks, credit unions, etc.
- Investment analyst
- Fixed income analyst
- Financial planning
- Corporate treasury
- Risk analyst
- Research analyst
The career paths and opportunities are equally diverse and boundless – your aspiration and drive will lead you to a promising career.