Accounting course offerings

ACCT 201 Introduction to Accounting
(See Infrequently Offered Courses section of the catalog.)

ACCT 205 Financial Accounting
A complete and balanced treatment of the concepts and procedures used by business organizations to measure and report their performance. Emphasizes the accounting cycle and preparation of the income statement, balance sheet and statement of cash flows. Financial statement analysis and interpretation is introduced. Covers income from merchandising operations, internal control, current and long-term assets, liabilities and stockholders’ equity. Prerequisite: sophomore standing or Instructor’s consent. Fall and spring semesters.

ACCT 206 Managerial Accounting  (for non-accounting majors)
The course includes managerial information for planning, controlling and decision making. Cost concepts and behaviors are studied and used for product costing in job order and standard costing systems and for performance evaluation, tactical and capital budgeting decisions. The course integrates both traditional and contemporary issues. The emphasis is on the use of accounting information by managers. This course is not open to accounting majors. Pre-requisites: ACCT 205, BUAD 142 or CSCI 110. Co-requisites: BUAD 284. Fall and spring semesters.

ACCT 305 Accounting Information Systems
Analysis of information’s accumulation and use patterns in organizations. Topics include processes and flows of various business transaction cycles, recognition and implementation of internal controls, data integrity and security, databases and current trends in information systems. Prerequisite: BUAD142, ACCT205, BUAD 284, MATH 124 or MATH131. Spring semester.

ACCT 315 Managerial Cost Accounting (for accounting majors)
Covers concepts, systems, planning and control, cost behavior and decision-making. The course integrates both traditional and contemporary issues in cost management and decision-making. The course emphasizes both the preparation of reports and the accountant’s role in the management decision-making process. Students that are not Accounting majors or that have already taken ACCT 206 can not take this course. Prerequisite: ACCT 205, BUAD 142 or CSCI 110, MATH 124 or MATH 131, Accounting Major. Corequisite: BUAD 284. Fall semester.

ACCT 316 Advanced Managerial Accounting (2 Credits)
This course is designed for accounting majors that require advanced study in cost accounting topics. Topics covered may include, but are not limited to, contemporary managerial topics, quantitative techniques, report generation and analysis. Prerequisite: ACCT 315 or ACCT 206. Spring semester during first 7 weeks.

ACCT 318 Auditing
This course is a broad introduction to the field of auditing. It emphasizes the philosophy and environment of the auditing profession, including the nature and purpose of auditing, auditing standards, professional conduct, auditor’s legal liability and the approach followed in performing financial statement audits. Other topics include internal control, audit sampling, accumulating audit evidence, reporting responsibilities, other attestation and accounting services, and internal, compliance and operational auditing. Prerequisite: ACCT 325. Fall semester.

 ACCT 320 Accounting for Government and Not-for-Profit (2 Credits)
This course conducts an overview of accounting methods, procedures and financial reporting primarily for state and local governments. There is limited coverage on non-profits. Students will be able to comprehend the similarities and differences among fund types and be able to understand and prepare various reporting statements. This course is optional, however, the topic is tested on the C.P.A. exam. Prerequisite: ACCT 205. Corequisite: BUAD 284. Various semesters.

ACCT 325 Intermediate Accounting 1
This first intermediate course covers comprehensive and complex issues of financial accounting. The course pays special attention to contributions to the accounting field made by professional and research groups. Topics include primary financial statements and their preparation, accounting and the time value of money, cash and receivables, investments,inventories, acquisition and disposition of property, plant and equipment, depreciation and depletion, intangible assets, and revenue recognition. Prerequisite: Grade of “C” or better in ACCT 205, MATH 124 or MATH 131. Corequisite: BUAD 284. Fall semester.

ACCT 326 Intermediate Accounting 2
This second intermediate course continues the study of comprehensive and complex financial accounting concepts and procedures. Topics include current liabilities, long-term liabilities, contributed capital, retained earnings, dilutive securities, earnings per share, accounting for income taxes, pensions, leases, accounting changes and statement of cash flows. Prerequisite: ACCT 325. Spring semester.

ACCT 419 Federal Income Tax 
Topics include individual, partnership, corporate, payroll, installment sales, depreciation and asset cost recovery systems, sales and exchanges, capital gains and losses, and legal basis for gain or loss. Prerequisites: ACCT 205, MATH 124 or MATH 131, BUAD 284. Fall semester.

ACCT 421 Advanced Federal Income Tax (2 credits)
This is an advanced study of corporations, partnerships, estates and trusts, gift taxes, specially taxed corporations, capital changes and securities. Prerequisite: ACCT 419. Spring semesters during first 7 weeks.

ACCT 422 Accounting Business Combinations (2 credits)
This course is a study of advanced accounting topics including business combinations, equity method of accounting for investments, purchase methods, consolidated financial statements, various inter-company transactions, multinational accounting, foreign currency transactions and translation of foreign financial statements. Prerequisite; ACCT 326. Various spring semesters.

For descriptions of BUAD courses, see section on Business Administration.