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Accounting

 

 

Course Descriptions

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ACCT 101 ∙ Accounting for Small Business Operations ∙ 3 credits
A study of accounting for the financial operations of a small business with empahsis on business formation, maintenance of financial records, and periodic reporting.

ACCT 201 ∙ Accounting Principles I ∙ 3 credits
Provides an understanding of the basics of financial accounting and reporting. It includes transaction analysis, recording of transactions in journals and ledgers, accounting for assets, liabilities and owner's equity and preparation of financial statements in conformity with Generally Accepted Accounting Principles (GAAP).

ACCT 202 ∙ Accounting Principles ll ∙ 3 credits
Provides a further understanding of the basics of financial accounting and reporting and provides an understanding of the basics managerial accounting. It includes accounting for capital stock transactions, preparing and analyzing financial statements of corporations, product costing, budgeting, and managerial control.
Prerequisite: ACCT 201.

ACCT 301 ∙ Intermediate Accounting I ∙ 3 credits
First of three courses offering in-depth analysis of accounting principles and their impact on business and the profession. Topics include the conceptual framework, the balance sheet, income statement, current assets and current liabilities. Offered only in the fall semester.
Prerequisites: ACCT 201 and 202, with a 2.5 average GPA for those courses.

ACCT 302 ∙ Intermediate Accounting ll ∙ 3 credits
The objectives of the course are to help students understand and apply advanced Generally Accepted Accounting Procedures. Another objective is to help understand how important it is to apply the standards objectively and ethically. Topics include fixed and intangible assets, contributed capital, investments, revenue recognition, accounting changes and corrections, and statement of cash flows. Offered only in the spring semester.
Prerequisite: ACCT 201, 202, 301.

ACCT 303 WI ∙ Intermediate Accounting III ∙ 3 credits
Analysis of specialized accounting topics including leases, earnings per share, bond transactions, accounting for income taxes and pensions and for foreign currency transactions and subsidiaries. Makes intensive use of cases and presentations.
Prerequisites: ACCT 201, 202, 301 and 302.

ACCT 305 ∙ Income Tax Procedures I ∙ 3 credits
A study of the federal tax structure, tax policy, tax ethical standards. The course will include the basics of tax research, compliance and administration. This course is organized following the AICPA Model Tax Curriculum.
Prerequisite: Acct 201 and 202 with a 2.5 average GPA for those courses.

ACCT 306 ∙ Income Tax Procedures II ∙ 3 credits
A study of advanced income tax regulations as they relate to corporations, partnerships, pass through entities as well as estates and trusts. The course will integrate the various components of tax planning and policy in business decisions. The course covers the ever changing tax regulations. Emphasis will include resolving tax issues, understanding the administrative rules and regulations and integrating them into business and personal tax planning.
Prerequisites: ACCT 201, 202, 305.

ACCT 307 ∙ Cost Accounting ∙ 3 credits
Students apply cost accounting techniques important in managerial decision-making and product costing, including job order costing, process costing, activitiy-based costing, cost-volume-profit analysis, standard costing and variance analysis, differential cost analysis, capital investment decision models, just-in-time inventory, and quality issues in manufacturing.
Prerequisite: ACCT 201 and 202 with a 2.5 average GPA for those courses.

ACCT 312 ∙ Accounting Information Systems ∙ 3 credits
A study of computerized accounting information systems to explain how such systems are designed, used, controlled and protected. Spreadsheet and database assignments are required to show how computers can be used by businesses.
Prerequisites: ACCT 201, 202, 301.

ACCT 314 ∙ Internal Auditing ∙ 3 credits
An overview of the internal audit function. Topics include establishing the function within an organization, risk assessment, sampling and other quantitative methods, report writing, fraud investigation, and professional ethics.
Prerequisites: ACCT 201, 202, 301, 302 and 304.

ACCT 360 ∙ Accounting Internship ∙ 1-3 credits
This course provides students with a practical, real world experience in the field of accounting by working under the supervision of an accounting professional.
Prerequisite: Instructor permission

ACCT 401 ∙ Advanced Accounting ∙ 3 credits
An in-depth analysis of advanced, specialized phases of financial accounting. Topics include consolidations, partnerships, bankruptcy, governments and nonprofits, and Securities and Exchange Commission reporting requirements.
Prerequisites: ACCT 201, 202, 301, 302.

ACCT 402 ∙ Accounting Seminar ∙ 1-3 credits
A study of specific accounting topics, issues, or themes. The accounting topics covered will vary, and may include accounting ethics, accounting law, standard setters and current accounting problems, recognizing accounting fraud, or advanced sampling. Students may report the course if it is on separate topic not previously studied for credit.
Prerequisites: ACCT 201, 202.

ACCT 415 ∙ Auditing ∙ 3 credits
The objective of this course is to provide basic knowledge and understanding of auditing theory and concepts. Whether in public or private accounting, auditing is an integral part of the accounting profession. In addition, Auditing and Attestation is one complete section of the CPA exam; so this knowledge is essential for successful completion of the CPA exam. Furthermore, independence, objectivity, and ethics and integrity are essential to auditing, and students must demonstrate skills in these areas.
Prerequisite: ACCT 201, 202, 301, 302.