The Accounting Minor covers knowledge of the accounting principles and practices fundamental to the capture and analysis of financial information about the firm, the use of accounting information to plan and control activities, accounting theory, and practical application of accounting in the areas such as taxation and auditing. This study also includes ethical and legal guidelines necessary in gathering and reporting information and in their internal and external activities.
Once basic skills of reading financial statements and balance sheets have been learned, accounting is a discipline marked by critical thinking, analytic precision, ethical awareness, and clarity with words, numbers, and visual display of information. Accountants ask questions, communicate answers, and clarify the difficult choices that organizations, both for-profit and not-for-profit, face with regards to budgets and strategic planning. They also ensure that organizations adhere to ethical and legal guidelines in gathering and reporting information and in their internal and external activities. This minor is suitable for students desiring to pursue careers in both private and public accounting and offers courses needed for entry into graduate studies in accounting.
4 Core Courses
- ECN 111. Introduction to Macroeconomics, or ECN 112. Introduction to Microeconomics
- BUS 109. Managerial Statistics, or ECN 215. Data Analysis, or equivalent course
- BUS 112. Introduction to Financial Accounting
- BUS 209. Financial Analysis
4 Elective Courses
Select from the following.
- BUS 212. Managerial Accounting (offered in the fall semester)
- BUS 340. Intermediate Accounting I (offered in the fall semester)
- BUS 341. Income Tax Accounting (offered in the fall semester)
- BUS 342. Auditing (offered in the spring semester)
- BUS 343. Intermediate Accounting II (offered in the spring semester)
- Special topic elective courses are also offered from time to time.
With the prior permission of the Director of the Accounting Minor or the Chair of the Department of Business Management, relevant special topic courses from other Washington College departments or taken at study-abroad partners may also be counted for the minor. See the catalog entry for the Business Management major for more information regarding study-abroad partners offering business-related courses.
Preparation for Graduate Studies and the Certified Public Accounting (CPA) Exam
Students intending to pursue careers in public accounting are encouraged to consider entry into a Master of Accounting program upon graduation. Washington College has partnerships with Master of Accounting programs offered by Loyola University Maryland and William & Mary. It is recommended that students planning to enter a Master of Accounting program complete the following sequence of classes. For more information, contact Prof. Lansing Williams, Accounting Minor Faculty Advisor.
- Fall: Intermediate Accounting I
- Spring: Intermediate Accounting II
- Fall: Managerial Accounting and Income Tax Accounting
- Spring: Auditing
While internships are not required for the minor, they are strongly encouraged. Please contact the Director of the Minor or the Chair of the Department of Business Management for information regarding earning academic credit for internships.