ACCT - Accounting

ACCT 2101. Principles of Accounting 1 (3-0-3) A study of the underlying theory and application of financial accounting concepts. It introduces accounting as a decision making tool. Financial accounting principles, methods, and procedures, including assets, liabilities, equity, and financial statements are examined.

ACCT 2102. Principles of Accounting 2 (3-0-3) Prerequisite: ACCT 2101. A study of the underlying theory and application of managerial accounting concepts. It is a continuation of ACCT 2101 as a decision-making tool. Financial and management accounting principles, methods, and procedures, including the analyzing and interpreting of financial statements as tools in the organization’s information system are examined.

ACCT 3111. Financial Accounting 1 (3-0-3) Prerequisite: ACCT 2101 with a grade of C or better and CISM 2105. The first of a 3-course sequence that examines the theory and application of generally-accepted accounting principles to financial accounting statements and transactions. Topics include conceptual framework, accounting standards, the accounting process, financial statements, time value of money, accounting for cash and receivables, and inventories.

ACCT 3112. Financial Accounting 2 (3-0-3) Prerequisite: ACCT 3111 with a grade of C or better. The second of a 3-course sequence that examines the theory and application of generally-accepted accounting principles to financial accounting transactions affecting asset, liability and owners’ equity accounts. Topics include accounting for property, plant and equipment, depreciation and depletion, intangible assets, current and long term liabilities, stockholders’ equity, earnings per share, and investments.

ACCT 3113. Financial Accounting 3 (3-0-3) Prerequisite: ACCT 3112 with a grade of C or better or by permission of Assistant Dean. The third of a 3-course sequence that examines the theory and application of generally accepted accounting principles to complex financial accounting transactions, financial statement preparation, and topics in financial accounting. Topics include revenue recognition, pension cost accounting, and the statement of cash flows.

ACCT 3125. Cost Accounting (3-0-3) Prerequisite: ACCT 2101 and ACCT 2102 with a grade of C or better in each course. Basic cost accounting concepts and techniques, with an emphasis on providing information for management decision-making. Topics include job and process costing, manufacturing cost behavior and control, and standard costing.

ACCT 3135. Accounting Information Systems (3-0-3) Prerequisite: ACCT 2101 and ACCT 2102 with a grade of C or better in each course. Analysis of manual and computer-based accounting systems, with emphasis on internal controls required to insure the integrity of data collection and processing.

ACCT 4115. Advanced Financial Accounting (3-0-3) Prerequisite: ACCT 3113 with a grade of C or better. Advanced financial accounting concepts and techniques, with emphasis on accounting for partnerships, mergers, business combinations and foreign currency transactions.

ACCT 4116. Contemporary Accounting Theory (3-0-3) Prerequisite: ACCT 3113 with a grade of C or better. Current issues and directives of the accounting profession and the Securities and Exchange Commission.

ACCT 4117. Governmental Accounting (3-0-3) Prerequisite: ACCT 2101 and ACCT 2102 with a grade of C or better in each course. Problems and procedures pertaining to accounting for local and state governments and not-for-profit accounting. Topics include classification of receipts and expenditures, preparation of reports, budgeting, operations, and fund accounting transactions.

ACCT 4125. Advanced Cost Accounting (3-0-3) Prerequisite: ACCT 3125 with a grade of C or better. Advanced cost accounting concepts and techniques, with an emphasis on providing information for management decision-making. Topics include budgeting, responsibility accounting, accounting systems, and various quantitative techniques for planning and control.

ACCT 4141. Income Taxation 1 (3-0-3) Prerequisite: ACCT 2101 with a grade of C or better. Concepts and techniques of individual income tax planning and practice. Topics also include business expenses, depreciation and accounting methods.

ACCT 4142. Income Taxation 2 (3-0-3) Prerequisite: ACCT 4141 with a grade of C or better. Concepts and techniques of partnership and corporation income tax planning and practices. Topics also include estates, trusts, gift taxes and income tax planning.

ACCT 4155. Auditing Principles (3-0-3) Prerequisites: ACCT 3135 and ACCT 3113 with a grade of C or better in each course or by permission of the Assistant Dean. Concepts, objectives, standards, and procedures used to audit the financial statements and operations of business organizations. Topics include financial statement auditing, legal liability, ethics, computerized auditing and statistical sampling. This course is recommended for students who plan to pursue careers in public accounting.

ACCT 4156. Internal Auditing (3-0-3) Prerequisites: ACCT 2102, BUSA 3111 and MGMT 3115. Theory and practice of internal auditing, including financial, operational, performance and compliance audits, and auditing of computer-based systems. This course is intended for accounting majors pursuing professional careers in fields other than public accounting and is an elective for non-accounting business majors.

ACCT 4698. Internship (3 hours) Prerequisite: Approval of Program Coordinator. Placement is restricted and can not entail an individual’s current employment assignment. A substantial written proposal and final report are required. A minimum of nine hours of work per week is required. Credit may be applied only as an elective. (S/U grading.)

ACCT 4899. Independent Study (3 hours) Prerequisite: Accounting Major and Senior standing. Independent Study in an area of accounting. Study will be directed by a faculty member representing chosen area of specialization. Candidates must present a minimum 1500-word plan through the instructor to the office of the Dean for approval.

ACCT 6115. Financial Accounting Theory (3-0-3) Prerequisite: Undergraduate degree in accounting or equivalent. The evolution of general accounting theory including the conceptual framework and specific theories underlying accounting topics of current interest.

ACCT 6137. Advanced Accounting Information Systems (3-0-3) Prerequisite: Undergraduate degree in accounting or equivalent. Organizational and behavioral implications of Accounting System design; accounting applications of data base systems; ethics of information management; fraud prevention and detection.

ACCT 6148. Tax Planning (3-0-3) Prerequisite: MBA 5115 or equivalent. Provides an introduction to the importance of taxation in business decision making. It emphasizes the interrelationship of taxes, the choice of business form, and various business transactions.

ACCT 6156. Advanced Auditing (3-0-3) Prerequisite: Undergraduate degree in accounting or equivalent. Advanced application of auditing procedures and topics. Topics include emphasis on transaction cycles, audit sampling, EDP auditing environment and legal liability. Cases, journal articles, pronouncements, and other current materials are used to examine recent and projected developments in auditing.