With the Public Accountancy concentration, you can build a strong foundation in accounting theory, principles, and procedures and gain a broad base of business knowledge. Explore coursework in corporate taxation, advanced financial accounting, and business law while developing the problem-solving and communications skills needed to function effectively across an organization. This program can prepare you for graduate study or an accounting career in business, nonprofit, government, or financial services sectors.
You also have the option to pursue an undergraduate minor. Your minor must be in a discipline outside your bachelor’s degree program area. Adding a minor to your program of study allows you to gain multidisciplinary skills that can help you advance toward your professional goals.
Students may be eligible to transfer up to 135 credits. At least 45 credits must be completed at Walden.
This sequence represents the minimum time to completion. Time to completion will vary by student, depending on individual progress and credits transferred, if applicable. For a personalized estimate of your time to completion, call an enrollment advisor at 1-866-492-5336.
|Course Code||HMNT 1001||Course||Living and Learning in a Technological World||Credits||6|
Imagine life without cell phones, television, or the Internet. Recent technological developments have significantly altered all aspects of human life: at work; in play; and in personal, family, and social interactions. In this course, students examine the advantages, disadvantages, and controversies of living and learning in an ever-changing technological environment. By exploring multiple perspectives, students discover how technology is changing media, culture, business, health, human behavior, and overall access to information. In a dynamic, reflective, and engaging classroom environment, students use a variety of audio, visual, literary, and artistic resources, to engage in open dialogue. Students are also introduced to the tools essential to success at Walden. Students complete the course with a personalized success plan that provides a customized roadmap and tools that they can use.
|Course Code||BUSI 1002||Course||Introduction to Management and Leadership||Credits||5|
|Course Code||ACCT 1004S||Course||Fundamentals of Accounting||Credits||5|
|Course Code||ACCT 2004S||Course||Financial Accounting||Credits||5|
|Course Code||STAT 2002||Course||Business Statistics||Credits||5|
|Course Code||ECON 1002||Course||Microeconomics||Credits||5|
|Course Code||BUSI 2001||Course||Business Law||Credits||5|
|Course Code||ACCT 2002||Course||Managerial Accounting: Introduction to Financial Planning and Analysis||Credits||5|
|Course Code||FNCE 3001||Course||Financial Management||Credits||5|
|Course Code||ACCT 3001||Course||Intermediate Accounting I||Credits||5|
|Course Code||ACCT 3002||Course||Auditing and Internal Controls||Credits||5|
|Course Code||ACCT 3003||Course||Intermediate Accounting II||Credits||5|
|Course Code||ACCT 3004||Course||Intermediate Accounting III||Credits||5|
|Course Code||ACCT 3005||Course||Intermediate Accounting IV||Credits||5|
|Course Code||ACCT 3006||Course||Accounting Information Systems||Credits||5|
|Course Code||ACCT 4001||Course||Government and Nonprofit Accounting||Credits||5|
|Course Code||ACCT 4002||Course||Advanced Financial Accounting I||Credits||5|
|Course Code||ACCT 4005||Course||Federal Taxation I: Individual Taxation||Credits||5|
|Course Code||BUSI 3002||Course||Ethical Leadership||Credits||5|
|Course Code||COMM 4101||Course||Organizational Communication||Credits||5|
|Course Code||MRKT 3001||Course||Marketing||Credits||5|
Students learn how information systems enable organizations to systematically identify, acquire, store, analyze, distribute, and reuse information and knowledge from all sources (e.g., internal and external, explicit and tacit) to enhance organizational productivity and competitiveness. The course extends the theory of Knowledge Management and Intellectual Capital to the development of learning organizations and evaluates the definition of learning organizations and the creation of environments that facilitate knowledge growth and distribution.
An introduction to accounting, students in this course take a top-down approach to understanding introductory accounting documents and procedures by exploring a business's financial statements, including the balance sheet, income statement, and cash flow statement. Students explore the practical uses for information that can be gleaned from these statements, individually and as a whole, through a detailed examination of the properties and characteristics of each statement. Students engage in application assignments and discussions on a variety of topics, such as regulations that should be followed when preparing financial statements as promulgated by generally accepted accounting principles (GAAP). Students examine the U.S. use of GAAP in comparison to the use of International Financial Reporting Standards.
A continuation of Fundamentals of Accounting, students in this course build upon their knowledge of accounting principles, providing a basic foundation of key financial accounting concepts and activities. Students engage in application assignments and discussions such as the recording, storing and summarizing economic events of the business enterprise to meet external reporting needs. Emphasis is placed on the preparation and analysis of financial statements and other financial reports provided to the public based on the accounting equation, accrual accounting concepts, and data gathering.
In this course, students examine the fundamentals of probability and descriptive and inferential statistics. Students learn concepts of hypothesis testing, simple regression, and correlation analysis, focusing on the application of these techniques to business decision making. Applying these concepts to analyze hypothetical case scenarios, students can learn practical ways that they can use statistics in their daily life. Students also have the opportunity to share insight and gain new perspectives on these topics through weekly discussions.
The principles of microeconomics explain how, in a market economy, the price system answers the following fundamental economic questions: What goods and services are produced and distributed as well as how and for whom? Students in this course examine the behaviors of households that supply factors of production—natural resources, labor, and capital—to firms and that purchase consumer goods and services. They also investigate firms that maximize profit through their decisions about acquiring factors of production, controlling costs of production, choosing the optimal level of output, competing with other firms under different market structures, and making investment decisions about entering new markets.
Responsible business leaders and decision makers must conduct transactions and operations according to clearly defined rules, laws, and processes to ensure stability and protection for their company. Students in this course examine the legal issues faced by managers, fundamental legal principles, and common issues in the field, such as workplace law, contract disputes, and intellectual property guidelines. Students engage in discussions and application assignments focused on the responsibilities of business professionals, such as understanding the fundamental legal principles in business and commerce; analyzing business contracts; adhering to legal issues in interviewing, hiring, and firing; developing, using, and defending intellectual property; and understanding the regulatory context.
Managerial accounting provides important data to the individuals responsible for directing and controlling an operation. Through this course, students learn about the essential elements of managerial accounting, including strategic, organizational, and operational decision making using financial information. They examine cost-volume-profit analysis, capital budgeting, operational budgeting, forecasting tools, and performance measurement. Students work through case studies and functional exercises for a contextual understanding of managerial accounting, including the application of quantitative methods to determine performance, planning, and control in operations.(Prerequisites: ACCT 2003.)
All organizations must collect and analyze financial information to make important decisions regarding operations, such as payments, budgeting, and investing in new business. Students in this course can learn to use financial and managerial finance theory, concepts, and tools to make better financial management decisions as well as to conduct sound financial analysis. They examine the principles of finance from an applied perspective through the examination of difficult strategic and operational decisions that exist in the business environment. Students gain hands-on financial management experience as they compile financial statements, analyze and report financial results, and calculate elements of time value of money for single or multiple cash flows. (Prerequisites: ACCT 1003.)
Although businesses often use the same authoritative standards in the production and presentation of financial statements, statements may still differ in a variety of ways. Recognizing these differences requires careful analysis and a variety of techniques. This course provides students with an overview of prevailing accounting issues as well as the ethical considerations encountered in the process; it is the first in a four-course sequence and builds upon content covered in introductory accounting courses. Students explore the principles of accrual accounting and interpret the steps in the accounting cycle. They learn about financial statement presentation and disclosure requirements, and they examine the conceptual framework and measurement principles underlying financial accounting. They also assess the relationship between the reporting and auditing functions in corporations. Additionally, students evaluate differences between Financial Accounting Standards Board’s Accounting Standards Codification and International Financial Reporting Standards and apply these standards to their coursework.(Prerequisites: ACCT 2003.)
Auditing a company’s financial statements requires the ability to apply generally accepted auditing standards to a variety of situations. In this course, students learn the specifics of auditing and how to choose appropriate audit testing. They explore a variety of topics, including professional ethics, audit planning and documentation, audit evidence, statistical tools, materiality and risk, and audit reports for different assurance and non-assurance services. Students examine internal controls and accounting systems as well as software designed for evaluating business information. Through a group project, students work toward gaining practical knowledge and problem-solving skills as they analyze real audit issues and cases. Students apply the Statements of Audit Standards from the Audit Standards Board and Audit Standards of the Public Company Accounting Oversight Board to their auditing situations. (Prerequisites: ACCT 2003.)
How does a business handle its investments and capital and what are the generally-accepted accounting principles when valuing inventory? This course provides students with the opportunity to consider and respond to prevailing accounting questions as well as gain insight on related ethical considerations; it is the second in a four-course sequence and is a continuation of Intermediate Accounting I. Students learn ways to categorize, measure and report on cash, receivables, inventories, and investments. They gain practice in financial statement presentation and disclosure requirements. Through evaluation and online discussion, students explore the auditing function as well as inventory cost methods. As a basis for their coursework, students use the Financial Accounting Standards Board’s Accounting Standards Codification and International Financial Reporting Standards. (Prerequisites: ACCT 3001.)
Physical assets continually change in value; knowing how to account for them is an important task in proper financial statement disclosure. In this course, students investigate current accounting issues as well as the ethical considerations encountered in the process; this course is the third in a four-course sequence and is a continuation of Intermediate Accounting II. Students examine the measurement and accounting for property, plant, and equipment. They also explore intangible assets, current liabilities, and contingencies. They focus on financial statement presentation and discuss how it relates to the auditing function. As a basis for their coursework, students use the Financial Accounting Standards Board’s Accounting Standards Codification and International Financial Reporting Standards. (Prerequisites: ACCT 3003.)
What is capital structure and how can a business use it for sustainability and reaching long-term goals? This course provides students with the opportunity to respond to such questions as well as to gain insight on related ethical considerations; it is the forth in a four-course sequence and is a continuation of Intermediate Accounting III. Students explore the measurement and reporting principles for stockholders’ equity, retained earnings, long-term liabilities, long-term receivables, discontinued operations, and extraordinary items. They gain further practice in financial statement presentation and disclosures and explore their relationship to the auditing function. As a basis for their coursework, students use the Financial Accounting Standards Board’s Accounting Standards Codification and International Financial Reporting Standards. (Prerequisites: ACCT 3004.)
Nearly all businesses have an accounting system that provides appropriate financial information required to make informed, timely decisions. Therefore, the design of the system is vital to the efficiency and internal controls of acquiring such information. This course provides students with the fundamental concepts of accounting systems design, including how accounting systems capture important business transactions that drive decisions and execution. Students learn about the technology of accounting systems, file processing, database concepts and tools, and internal control and risks. They also explore how to audit the information system as well as how to use the information system to perform audit functions. Through the examination of the latest commercial accounting software, students learn about technological developments for the production of reports and exchange of business data. (Prerequisites: ACCT 2003.)
The function and role of private and public sector organizations are often very different; therefore, the accounting principles used to run for-profit businesses and government businesses cannot always be the same. In this course, students compare and contrast the characteristics of government and nonprofit organizations and explore the ethical and social responsibilities of accountants working with these institutions. They also examine the measurement and reporting requirements for governmental and non-profit organizations. They engage in discussions about the concepts of fund accounting, budget and control issues, and revenue and expense recognition. Students gain hands-on experience preparing financial statements for each type of organization. As a basis for their coursework, students use the Financial Accounting Standards Board’s Accounting Standards Codification and pronouncements of the Government Accounting Standards Board. (Prerequisites: ACCT 3005.)
Lease accounting from the perspective of the lessor and lessee is an important consideration for business as an alternative to financing. But what options are available for lessors and lessees in accounting for lease transactions? This course provides students with the opportunity to investigate and respond to prevailing accounting issues in this area. This course continues the three-course sequence of Intermediate Accounting. Students assess and explain the measurement and reporting disclosures for leases, pensions, equity compensation, derivatives, and earnings per share. They apply best practices in the presentation of financial statements and analyze how this relates to the auditing function. Students also gain hands-on practice in determining pension obligations and expenses. As a basis for their coursework, students apply the Financial Accounting Standards Board’s Accounting Standards Codification and International Financial Reporting Standards. (Prerequisites: ACCT 3005.)
In this course, students have the opportunity to gain a fundamental understanding of personal income taxes and how they are computed. They also learn appropriate tax concepts and terminologies important for students wishing to pursue a career in accounting and taxes. Students examine the federal income tax structure and apply income tax accounting to cases of individual and sole proprietorship taxation as they assemble information and documentation needed to prepare federal tax returns. They analyze federal income tax laws governing gross income, deductions, calculation of income tax rates, income tax credits, and the alternative minimum tax for individuals. (Prerequisites: ACCT 2003.)
In this course, students prepare for a leadership role in the modern organization. They examine the basic principles of leadership, motivational theory, the importance of communication, and current and future trends. Students assess, discuss, and learn how to apply their own styles of leadership in the workplace and the community. They engage in a range of assignments that emphasize ethical leadership through personal and interpersonal effectiveness and organizational development. Students also learn the importance of followership and the similarities between the roles of follower and leader at all levels of the organization. (Prerequisites: BUSI 1001 or 1002.)
Students in this course work toward gaining skills to communicate effectively in a diverse, global environment. They examine the relationship of culture and personal identity to communication strategies. They also learn to distinguish the modes and styles of communication unique to their personal culture from the cultures of others, explain the theories of cultural differences, anticipate and overcome challenges in cross-cultural situations, and apply effective cross-cultural communication skills to academic, personal, and professional settings. Students engage in a final project through which they gain hands-on experience working with someone from another culture, acquiring practical skills to use in the 21-century global society. (Prerequisites: COMM 1001.)
Students examine basic marketing functions and the execution of successful marketing processes. They gain a fundamental understanding of marketing concepts, practices, terminology, associated technologies, and practical applications including customer relationship management.
|Course Code||ACCT 4006||Course||Federal Taxation II: Corporate Taxation||Credits||5|
|Course Code||ACCT 4003||Course||Advanced Financial Accounting II||Credits||5|
|Course Code||ACCT 4004||Course||Advanced Financial Accounting III||Credits||5|
|Course Code||BUSI 3006||Course||Advanced Business Law||Credits||5|
This course is a continuation of Federation Taxation I and focuses on corporate federal taxes. Students appraise the role taxation plays on organizations, the corporate structure, and tax strategies. They learn about the application of federal income taxes business entities, including corporations, partnerships, and entities taxed as partnerships and S corporations. They also examine gift and estate taxes and income taxation of estates and trusts. Students contextualize their learning through the preparation of a corporate federal tax return and related schedules. They consider the allocation of partnership taxable income and other deductions, credits, self-employment taxes, and loss carrybacks and carryforwards. Through the evaluation of legal and ethical issues involved in federal tax practice, students become familiar with laws, best practices, and the responsibilities of accounting professionals. (Prerequisites: ACCT 4005.)
How can external users to an organization employ the statement of cash flow as a means to foresee an organization’s prospect for future earnings? This course provides students with the opportunity to research and answer accounting questions such as this; it is the second in a three-course sequence and continues the approach used in the Intermediate Accounting sequence. Students examine the measurement and reporting disclosures for changes in accounting principles, correction of errors, the statement of cash flows, segment and interim reporting, and deferred taxes. Students continue to learn about financial statement presentation and disclosures as well as how these elements relate to the auditing function. As a basis for their coursework, students use the Financial Accounting Standards Board’s Accounting Standards Codification and International Financial Reporting Standards. (Prerequisites: ACCT 4002.)
Whether it is to expand technical offerings or to gain the competitive edge over smaller entities, companies often merge together or acquire other companies. Often times, this creates a positive effect on the companies involved; other times, it create severe financial strains on a company’s limited financial resources. In this course, students investigate prevalent accounting issues such as this; it is the third in a three-course sequence and continues the approach used in the Intermediate Accounting sequence. Students explore the measurement and reporting disclosures for mergers, acquisitions, and foreign currency translation. Students continue to learn financial statement presentation of business combinations and explore some of the auditing issues in this area. As a basis for their coursework, students use the Financial Accounting Standards Board’s Accounting Standards Codification and International Financial Reporting Standards. (Prerequisites: ACCT 4003.)
In this course, students build on concepts and skills learned in BUSI 2001 to gain a more comprehensive understanding of the laws, regulations, and principles that affect business operations. Students devote special attention to business law topics included on the Uniform CPA Exam. They analyze law of agency, debtor-creditor relationships, bankruptcy, government regulation of business, real and personal property, commercial paper, and secured transactions. Through this course, students work toward gaining the ability to identify legal issues, determine if legal action is required, and to competently discuss the issues with other professionals. (Prerequisites: BUSI 2001.)
|Course Code||ACCT 4900||Course||Accounting Capstone Project||Credits||5|
A capstone course is designed to bring together knowledge gained through the entire program and permit students to demonstrate mastery of the various course competencies. The major course project in this capstone course is a strategic case study. Through this project, students apply and integrate a variety of skills, tools, and knowledge to assess the strategic issues in a real-world case analysis and arrive at recommendations for change and/or improvement. Through coursework and the final capstone project, students appraise and explain a variety of topics, such as basic accounting theory, financial reporting, deferred taxes, engagement planning, client risk, auditing, concepts of accounting and investment percentage, objectives of the statement of cash flows, contracts, sales, bankruptcy, the debtor-creditor relationship, and business law and ethics. This course provides students the chance to demonstrate their understanding and competency in complex problem identification and solution. (Prerequisites: All required core and upper-division Accounting courses.)
Choose two courses from general education, B.S. in Accounting, or other Walden bachelor’s degree programs. You will need a total of 10 elective credits to meet your program requirements. You may also be eligible to transfer previous credit to meet your elective requirements. Note on minors: Electives can also be used to complete a six-course minor. Although this program requires fewer than six elective courses, you have the option to complete a minor and graduate with more than the required number of credits for this program.