Accounting and Finance (Integrated Degree), Bachelor of Science

Purpose

The Bachelor of Science degree program in Accounting and Finance is designed to provide students with a unique blend of insights into financial information. Accountants and finance professionals often view the same data from different vantage points and with different goals. This often leads to a lack of communication between these two sets of professionals within the same organization. Conflicts between preparation and usefulness can arise and while neither side is wrong, a more careful understanding of the other’s position will lead to better information being provided to the decision makers of the organization. This program integrates both disciplines with a carefully selected flow of courses that enables the student to interrelate the information provided to make both tactical and strategic decisions. The program provides a competitive advantage for students pursuing careers in either accounting or finance.

Program of Study

This program in the area of accounting and finance gives the student flexibility in both course offerings and career choices. The program of study provides a firm foundation in both accounting and finance. It differs from the University’s traditional accounting or finance programs in two ways. It does not require the student to complete courses in advanced accounting (typically required for those pursuing the CPA); however, it provides the option to integrate those courses easily into the program. Similarly, FIN 301, Personal Finance is not required in this program as the emphasis is more in the organizational arena; however, by using a free elective, the student can easily fit this course into her or his course of study.

Cooperative Learning Experiences

Cooperative learning experiences (co-ops) are available in the Accounting and Finance program. Students with a finance concentration can use for FIN 302: Financial Planning and FIN 308: Financial Economics and Instruments for a co-op experience sequence, and students with an accounting concentration can use for BBM 301: Organizational Behavior and BAC 435: Accounting Information Systems. Elective courses may also be structured as co-ops. Each co-op experience is expected to last for two consecutive semesters and earn the student six credits toward their 120-credit degree.

To be eligible for the co-op the student must have completed 60 credits and have a minimum 2.5 GPA. The student must inform the Director of the Co-op program and the Accounting and Finance Program Chair one semester before they would like to begin a co-op assignment.

Program Competencies

In addition to achieving the Wilmington University undergraduate graduation competencies given in the Academic Information section of this catalog, graduating students will:

  1. Demonstrate effective information literacy and communication with valid and reliable research.
  2. By analysis, apply ethical standards as required by accounting and finance professionals.
  3. Prepare and deliver a complete financial statement package presented in a professional format in conformity with generally accepted accounting principles (GAAP).
  4. Use technology to efficiently communicate accounting information.
  5. Integrate financial terms, concepts and theories affecting corporations, brokerage firms, insurance companies and financial institutions (banks, credit unions, pension funds, etc.).

Minimum Grade Policy

Students pursuing a degree in Accounting and Finance are required by College of Business policy to attain a minimum grade of “C” for all program core courses. For the purpose of this policy, program core courses are all accounting courses and finance courses. These courses are designated by the prefix “BAC” and “FIN.” 

Curriculum

General Education Requirements (30 credits)

CTA 226Integrating Excel into Business Problem Solving

3

ECO 101Economics I

3

ECO 102Economics II

3

ENG 121English Composition I

3

ENG 122English Composition II

3

ENG 131Public Speaking

3

HUM 360Human World Views: 3500 BCE–1650 AD

3

HUM 361Human World Views: 1650 AD–Present

3

MAT 121College Math I

3

PHI 100Introduction to Critical Thinking

3

Humanities Elective (3 credits)

Natural Science Elective (3 credits)

Social Science Elective (3 credits)

Select one course from the following:

PSY 101Introduction to Psychology

3

SOC 101Introduction to Sociology

3

History/Political Science Elective

Business Core (33 credits)

BAC 101Accounting I

3

BAC 102Accounting II

3

BBM 201Principles of Management

3

BBM 301Organizational Behavior

3

BBM 320Business Communications

3

BBM 402Strategic Management

3

BMK 305Marketing

3

FIN 305Financial Management

3

MAT 122College Math II

3

MAT 308/SCI 308Inferential Statistics

3

BAC 102: BAC 101 Prerequisite for BAC 102

BBM 301: available as a co-op

BAC 101, BAC 102: Students concentrating in Accounting should choose Auditing (BAC 423)

Choose one of the following:

BBM 411Operations and Systems Management

3

HRM 311Human Resource Management

3

Accounting and Finance Program Core (42 credits)

The College of Business programs require a minimum grade of “C” for program core courses. Accounting and Finance majors receiving a grade lower than “C” in any BAC course (including BAC 101 and BAC 102) or FIN course (including FIN 305) must retake that course.

BAC 201Intermediate Accounting I

3

BAC 202Intermediate Accounting II

3

BAC 301Cost Accounting I

3

BAC 302Cost Accounting II

3

BAC 321Tax Accounting I

3

BAC 322Tax Accounting II

3

BBM 319Business Ethics

3

BLA 305Business Law for Accounting and Finance Majors

3

FIN 306Corporate Finance

3

FIN 410Financial Reporting and Analysis

3

BAC 201, BAC 202, BAC 301, BAC 302, BAC 321, BAC 322, FIN 306, FIN 410: Students concentrating in Accounting should choose Auditing (BAC 423)

Choose one of the following two courses:

FIN 308Financial Economics and Instruments

3

FIN 309Introduction to Global Derivatives

3

FIN 308: available as a co-op

Choose two of the following four courses:

BAC 423Auditing

3

FIN 302Financial Planning

3

FIN 411Investments and Security Analysis

3

FIN 412Financial Institution Management

3

FIN 302: available as a co-op

BAC 423, FIN 302, FIN 411, FIN 412: Students concentrating in Accounting should choose Auditing (BAC 423)

Choose one of the following two courses:

BAC 435Accounting Information Systems (AIS)

3

MIS 320Management Information Systems

3

BAC 435: available as a co-op

BAC 435: Students concentrating in Accounting should choose Auditing (BAC 423)

Free Electives (6 credits)

Certain Free Electives courses may be available as a co-op.

Suggested Program Sequence

Freshman

1st Semester

BAC 101Accounting I

3

CTA 226Integrating Excel into Business Problem Solving

3

ENG 121English Composition I

3

MAT 121College Math I

3

PHI 100Introduction to Critical Thinking

3

2nd Semester

BAC 102Accounting II

3

BBM 201Principles of Management

3

ENG 122English Composition II

3

MAT 122College Math II

3

Social Science Elective

Sophomore

1st Semester

BAC 201Intermediate Accounting I

3

ECO 101Economics I

3

ENG 131Public Speaking

3

FIN 305Financial Management

3

MAT 308/SCI 308Inferential Statistics

3

2nd Semester

BAC 202Intermediate Accounting II

3

BLA 305Business Law for Accounting and Finance Majors

3

BMK 305Marketing

3

ECO 102Economics II

3

FIN 306Corporate Finance

3

Junior

1st Semester

BAC 301Cost Accounting I

3

BAC 321Tax Accounting I

3

BBM 301Organizational Behavior

3

 

FIN 308Financial Economics and Instruments

3

OR

FIN 309Introduction to Global Derivatives

3

 

HUM 360Human World Views: 3500 BCE–1650 AD

3

BBM 301, FIN 308: available as a co-op

2nd Semester

BAC 302Cost Accounting II

3

BAC 322Tax Accounting II

3

BBM 319Business Ethics

3

BBM 320Business Communications

3

HUM 361Human World Views: 1650 AD–Present

3

Senior

1st Semester

FIN 410Financial Reporting and Analysis

3

Humanities Elective

 

BBM 411Operations and Systems Management

3

OR

HRM 311Human Resource Management

3

 

FIN 411Investments and Security Analysis

3

OR

FIN 412Financial Institution Management

3

OR

BAC 435Accounting Information Systems (AIS)

3

OR

MIS 320Management Information Systems

3

 

FIN 302Financial Planning

3

FIN 302: available as a co-op

FIN 302: Students concentrating in Accounting should choose Auditing (BAC 423)

2nd Semester

BBM 402Strategic Management

3

SCI
Natural Science Elective

BAC 423Auditing

3

Free Elective

Free Elective

BAC 423: available as a co-op

Free Elective: Students concentrating in Accounting should enroll in Advanced Accounting I and II (BAC 401 and BAC 402)