A new course has been created for the 2021-2022 Academic Year. This course is ACCT 3323 - Intermediate Accounting I and it has BIG implications for Belk College Students.
TLDR: If you plan to major in Accounting or Finance and have not completed ACCT 2122, you should take ACCT 3323 instead of ACCT 2122.
ACCT 3323 is designed to better prepare students in Accounting and Finance majors for their upper level coursework and will now be required for those majors. The course will fulfill similar requirements as ACCT 3311 (which is being phased out), but will also take the place of ACCT 2122 in some Progression GPA calculations.
Which Accounting course needed is dependent on your intended major as well as your catalog year. Here is the general breakdown:
Students planning to major in something other than Accounting or Finance should take the following sequence: ACCT 2121 -> ACCT 2122.
Students planning to major in Accounting or Finance should take the following sequence: ACCT 2121 -> ACCT 3323.
One exception - Students planning to major in Finance who are Pre-Business and have a catalog year of 2020-2021 or prior, may not be required to take ACCT 3323. We recommend speaking with your Academic and Career Coach to see if ACCT 3323 is right for you and your career goals.
FAQS:
What if I take ACCT 3323 instead of ACCT 2122 and then decide not to major in Accounting or Finance?
If you earn a C or above in ACCT 3323, you do not need to take ACCT 2122 in order to move forward in your major of choice. ACCT 3323 will be used for the Progression GPA calculation and, if meeting all declaration requirements, you will be able to declare any Belk College of Business major.
What if I take ACCT 2122 and then decide to change my major to Accounting or Finance?
If you have completed all of the progression by the time you complete ACCT 2122 you will be eligible to declare your upper-division major and then take ACCT 3323. If you take ACCT 2122 and ACCT 3233 before completing progression, both grades will be calculated in your progression GPA.
If I took ACCT 2122 in a previous semester and want to be an Accounting major, do I now need to take ACCT 3323?
If you have completed ACCT 3311, you do not need to take ACCT 3323. If you have not completed ACCT 3311, ACCT 3323 is required.
If I took ACCT 2122 in a previous semester and want to be a Finance major, do I now need to take ACCT 3323?
ACCT 3323 is recommended for all Finance majors, unless they have completed ACCT 3311.
If your concentration is Finance/Accounting, and you have not completed ACCT 3311, you need to take ACCT 3323.
If you have selected Finance or Risk, Management and Insurance as your concentration and your catalog year is 2021-22 or later, you need to take ACCT 3323.
If you have selected a concentration other than Finance/Accounting and your catalog year is 2020-21 or earlier, you are not required to take ACCT 3323. You should consult your Degree Works audit and speak with your Academic and Career Coach if you have any questions.
What if DegreeWorks is showing that I need ACCT 3311?
ACCT 3311 will only be offered in Spring 2022 for students who have already taken the course but not earned a satisfactory grade. So if you need ACCT 3311 on your DegreeWorks audit and you haven’t attempted it yet, you need to register for ACCT 3323.
What if DegreeWorks is showing that I need ACCT 3312?
ACCT 3312 will be offered in Spring 2022. Students who have already taken ACCT 3311 will continue onto ACCT 3312 in Spring 2022 instead of ACCT 3323.
Where can I find my current catalog year?
The easiest place to find your current catalog year is on DegreeWorks. Looking at the first block of requirements on your audit, the Catalog Year, Overall GPA, Credits Required, and Credits Applied are all listed at the top right.
Can I change my catalog year?
Yes, a student may petition to move forward to another catalog year, but not to earlier years.
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