Accounting

Northwestern's accounting major is built upon a liberal arts approach and is recommended for students who wish to pursue a career in public, private or governmental accounting. The CPA exam pass rates of NWC's accounting graduates are in the top 10 among the 120 members of the Council for Christian Colleges & Universities. There is a strong job market for accounting majors, and Northwestern's graduates consistently get jobs at Big 4 firms. As a department, we recommend experience in the field through credited internships.

Business and economics department homepage

Major requirements:

ACC 215 - Principles of Financial Accounting
This course covers the basic introduction to financial management and financial accounting, including an understanding of the concepts, principles and practices in these areas.(4 credits)
ACC 216 - Principles of Managerial Accounting
This course covers the basic concepts, principles and practice in managerial accounting, including the use of accounting in management decision- making.Prerequisite: ACC215.(3 credits)
ACC 306 - Cost Accounting
This course involves the study of cost systems and their use in decision-making by management. Emphasis is placed on the areas of cost-volume-profit analysis, job-order and process costing systems, budgets and standards, cost allocation and capital budgeting.Prerequisites: ACC215 and 216.(3 credits)
ACC 307 - Individual Income Tax
This is an introduction to current federal and state taxation laws and practices. The emphasis is on the federal income tax and its impact on accounting procedures and management decision-making.Prerequisites: ACC215 and 216, or permission of chair of the business department.(4 credits)
ACC 310 - Non-Profit and Governmental Accounting
ACC 315 - Intermediate Accounting I
This course is a study of the development of accounting principles and practices as they apply to financial statements. Emphasis is placed on the development of the theory used in accounting practice.Prerequisites: ACC215 and 216.(4 credits)
ACC 316 - Intermediate Accounting II
This course is a continuation of the accounting principles and practices covered in Intermediate Accounting I. Special emphasis is on stockholders" equity and dilutive securities, special issues related to income measurement, and preparation and analysis of financial statements.Prerequisite: ACC315.(4 credits)
ACC 415 - Auditing
This course studies the internal control procedures in modern business, the development of auditing standards and procedures, the theory behind the development of such auditing standards and procedures, and how these auditing standards and procedures are applied to the public accountancy field. Special emphasis is on the auditor's decision-making process. Prerequisites: ACC315 and 316, or permission of chair of the business department. (4 credits; alternate years, consult department)
ACC 418 - Advanced Accounting
This course is a study of accounting for partnerships, business combinations, affiliated companies, government entities and nonprofit organizations. Prerequisites: ACC315 and 316, or permission of chair of the business department. (4 credits; alternate years, consult department)
ACC 430WI - Entity Tax and Law
(4 credits)(Writing intensive) This course is a continuation of Individual Income Tax and Business Law. This course will focus on the legal and tax differences betweenpartnerships, LLC's, and the corporate business structure as well as howthose differences impact management decision-making. Other topics coveredmay include federal regulation of business, estate planning and bankruptcy.Prerequisites: ACC 307 and BUS 321 or permission of instructor.Cross-referenced in business.
ACC 490SR - Senior Seminar in Accounting
(2 credits)(Fulfills IGE Senior Seminar requirement) This course serves as the capstone to the accounting major at NorthwesternCollege. Through readings, journals, papers and oral presentations,students will reflect on their learning and connect it to their life aftercollege as an accountant. Senior accounting students will have theopportunity to evaluate their success in meeting the goals of IGE,synthesize their curricular and co-curricular learning experiences, andarticulate the distinctives of being a Christian accountant.Prerequisites: Senior status, ACC315 and ACC316 and in the last year at NWC;or permission of instructor.
BUS 321 - Business Law
This course is designed to acquaint students with the legal principles which, when followed, allow business transactions to run smoothly and with predictability. The topics include contracts, agency and property law, plus criminal law, torts, the Uniform Commercial Code, the litigation process and alternatives to litigation. Both business and non-business students can benefit from this basic course on Anglo-American law. (3 credits)

Cognate requirements:

CSC 210 - Accounting Information Systems
MAT 117QR - Applied Statistics for Management
(3 credits)(IGE option under Quantitative Reasoning) The course is designed to study statistical methodology commonly used in business including descriptive statistics (the nature of data and how to summarize it), basic probability concepts, and inferential statistics (making claims or decisions from one or more sets of data using confidence intervals and multiple types of hypothesis testing).Note: Students may receive credit for only one course among MAT 116QR, MAT 117QR and MAT 208.Prerequisites: C- or better in MAT090, an ACT math score of 20 or above (SAT 480 or above), a passing score on the basic algebra placement exam, or permission of instructor.
Choose one option:
Option 1:
*CSC 102 - Business Computing
This course serves as an introduction to common business- oriented computer technologies and issues. Computer applications, misuse and the ethical use of computers in business are explored in detail. Current software applications are studied through laboratories, demonstrations and assignments. Students will learn advanced uses of application programs including spreadsheet processing and information processing with databases.(2 credits)
*CSC 110 - Advanced Spreadsheets
Option 2:
*CSC 171QR - Computer Science I
(4 credits) (IGE option under Quantitative Reasoning) This is the first in a two-semester sequence of courses that introduces students to fundamental aspects of the field of computing; focusing on problem-solving, software design concepts and their realization as computer programs. Topics include procedural abstraction, control structures, iteration, data types and their representation. An introduction to a high-level language, for the purpose of gaining mastery of these principles, will be provided in lectures and hands-on laboratory experiences.Prerequisite: C- or better in MAT090, an ACT math score of 20 or above (SAT 480 or above), or a passing score on the MAT090 placement exam.
Choose one course:
MAT 111QR - Calculus for Management, Life and Social Sciences
(3 credits)(IGE option under Quantitative Reasoning) This course is a study of functions, limits, derivatives and integrals with an emphasis on techniques and applications in business, biology, health, and social sciences.Note: Does not count toward a math major or mino.Prerequisites: C- or higher in MAT109, or an ACT math score of at least 22 (SAT 520 or above), or permission of mathematics department chair.
MAT 112QR - Calculus I
(4 credits) (IGE option under Quantitative Reasoning) This course is astudy of functions, limits, derivatives and integrals with a strongemphasis on both theory and applications.Note: Meets four times per week.Prerequisites: C- or higher in MAT109, or an ACT math score of at least24 (SAT 550 or above), or permission of mathematics department chair.

Total credits required: 52-54

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