The Bachelor of Science degree with a major in Accounting is an academic program designed for working professionals employed in public or private organizations interested in completing a baccalaureate degree focusing on accounting theory, taxation, and auditing.
The first two courses, ACC-201 (Accounting Principles I) and ACC-202 (Accounting Principles II), are provided to those who wish to meet minimum entrance requirements and as optional refresher courses for those entering the program. The core program focuses on accounting theory emphasizing analytical skills, practical application, and problem solving. Accounting, taxation, and auditing issues faced by managers in a variety of business organizations are also addressed. In all, the accounting curriculum is designed to provide working business professionals with the skills and knowledge necessary to transition into or advance within the general field of accounting.
The curriculum will be completed in the order established by Indiana Wesleyan University. Indiana Wesleyan University reserves the right to modify the curriculum as necessary.
Note: This degree provides an excellent foundation for students who anticipate pursuing their CPA certification. The courses offered in this program give broad coverage of all the major areas of competency needed to sit for the CPA exam. However, students will need to check with their state licensing board of accountancy for the specific requirements needed to make application to take the CPA examination. Different states require different application credentials and specifications, and Indiana Wesleyan University makes no promises, express or implied, that this degree alone will qualify graduates to sit for the CPA examination in any state.
Additionally, students will likely need to take a CPA review course (at their own expense) once they have completed the degree at Indiana Wesleyan University. Students cannot realistically expect to complete this degree at Indiana Wesleyan and immediately pass the CPA examination without first taking a CPA review course that prepares them for the intricate and specific questions that might appear on the CPA exam. It is up to each student to make arrangements to enroll in a CPA review course in their state if they plan to sit for the CPA examination. Indiana Wesleyan does not provide a CPA review course (or any licensing or continuing education courses) as part of the CAPS program.
The same courses offered in the classroom setting are also offered via the Internet. Details are available at http://www.IWUOnline.com.
Additional admission requirements:
To be admitted to this program, students must give evidence of knowledge equivalent to one semester of course work in mathematics or statistics by meeting one of the following options:
Students in this program are required to demonstrate proficiency in the area of accounting prior to taking ACC-311 (Intermediate Financial Accounting I) by meeting one of the following options:
PREREQUISITE COURSES
ACC-201 Accounting I 3
Emphasizes the process of generating and communicating accounting information in the form of financial statements to those outside the organization.
ACC-202 Accounting II 3
Emphasizes the process of producing accounting information for internal use of the company's management. Prerequisite: ACC-201
CORE COURSES
ADM-201 Principles of Self-Management 2
This course will focus on group interaction skills and the management of individual and professional priorities. Some of the areas covered will include behavioral style analysis, communication processes within groups, versatility in dealing with supervisors and subordinates, goal setting, prioritizing, and time-management. (Students may not transfer in a course to fulfill this requirement.)
ACC-311 Intermediate Financial Accounting I 3
A study of financial accounting concepts and reporting standards for cash, receivables, inventories, plant assets, intangibles, investments, long-term liabilities, and the statement of cash flows. Prerequisite: ACC-202
ACC-312 Intermediate Financial Accounting II 3
A study of financial accounting concepts and reporting standards for stockholders' equity, leases, current liabilities, revenue recognition, income taxes, pensions, error analysis, and the statement of cash flows. Prerequisite: ACC-311
ECO-330 Applied Microeconomics for Business 3
An overview of microeconomic theory as it relates to the individual business. Microeconomics introduces the student to the overall environment in which business functions. Economic analysis explains the uses and limits of opportunity cost, marginal analysis, and market structure in managerial strategy.
ECO-331 Applied Macroeconomics for Business 3
An overview of macroeconomic theories and policy. The course focuses on the analysis of the current national economic environment and its effects on business operations.
ADM-447 Business Law 3
A review of the legal requirements facing business enterprises including bailments, bankruptcy, sales, negotiable instruments, and key points in the development of modern business and commercial law.
ACC-341 Managerial Cost Accounting I 3
An examination of the management information needs for effective decision-making and managerial accounting system design to meet those needs. Emphasis will be placed on cost behavior and the determination of an organization's long-term, total product costs and total service costs for strategic decisions. Prerequisite: ACC-202
MGT-425 Issues in Ethics 3
A study of representative ethical theories as they relate to various contemporary problems in management (business). Special consideration will be given to the application of Christian ethical principles to values clarification and decision-making in the business world.
ACC-423 Auditing 3
Auditing principles and procedures used in the examination of financial statements and the underlying accounting records to express an opinion as to their fairness and consistency. Prerequisite: ACC-312
ADM-448 Strategic Planning 3
Students will develop or improve skills in the critical areas of applied organizational research and managing the planning process with a focus on strategic and operational planning.
ACC-451 Advanced Accounting 3
Advanced topics in accounting, stressing accounting for consolidations, partnerships, and not-for-profit organizations. Prerequisite: ACC-312
ACC-371 Federal Income Tax I 3
A comprehensive study of the federal income tax structure as primarily related to individuals. Prerequisite: ACC-202
ACC-372 Federal Income Tax II 3
A comprehensive study of federal income tax structure as related primarily to business returns and related topics, including payroll taxes, estates, and trusts. Prerequisite: ACC-371
ACC-491 Accounting Seminar 3
A capstone accounting course focusing on current issues and special topics. Student-led discussions and presentations, as well as guest speakers, are used extensively in the classroom portion of the course which provides two hours of credit. Students prepare presentations, oral and written, to satisfy the third credit hour. Prerequisite: ACC-423 and ACC-451