Course Descriptions in Accounting
ACCT 203. Fundamentals of Accounting for Decision Making Credit 3(3-0)
The course defines and identifies accounting information,
why it is important, and how it is used by economic decision makers. The
material is approached from the perspective of individuals who use accounting
information to make decisions in the business world. Topical coverage includes
basic accounting procedures; interpretation and analysis of financial
statements; budgeting; and cost tracking and analysis. This course may not
substitute for accounting or elective requirements for majors in the School of
Business and Economics. Prerequisite: Sophomore standing. (F;S;SS)
ACCT-221. Principles of Accounting I Credit 3(3-1)
Introduction to the basic records and procedures used by
service and merchandising organizations in accumulating financial data with
emphasis on statement presentation. Includes discussion of special problems of
income measurement and asset valuation. Prerequisites: BUAD 220 and Sophomore
standing. (F;S;SS)
ACCT-222. Principles of Accounting II Credit 3(3-1)
Continuation of Principles of Accounting I. Emphasis on
financial statement interpretation and the uses of accounting data by management
for planning and control. Students are also introduced to the use of computers
to maintain accounting records and to prepare financial statements.
Prerequisite: Successful completion of ACCT 221. (F;S;SS)
ACCT-441. Intermediate Accounting I Credit 3(3-1)
Rigorous study of the methodology and underlying theory
of financial accounting. In-depth analysis of valuation alternatives and their
effect on income measurement. Prerequisites: Successful completion of ACCT 222
and Junior standing. (F;S;SS)
ACCT-442. Intermediate Accounting II Credit 3(3-1)
A continuation of Accounting 441. A study of accounting
theory and techniques underlying the determination of contents and valuation of
accounts for the financial statement of a going concern. Prerequisite:
Successful completion of ACCT 441. (F;S;SS)
ACCT-443. Income Tax Accounting Credit 3(3-1)
Study of current principles and concepts of Federal
Income Tax laws and related reporting requirements. Students will also study the
tax structure and apply principles to selected accounting issues. Prerequisite:
Junior standing or permission of instructor. (F;S;SS)
ACCT-444. Cost Accounting Credit 3(3-1)
Study of the principles and methodology of product and
inventory cost determination and the effect on income measurement for
manufacturing concerns, including job order and process costing under historical
and standard cost systems. Special attention given to uses of accounting data as
an aid in managerial planning and control. Prerequisites: Successful completion
of ACCT 222 and Junior standing. (F;S;SS)
ACCT-445. Selected Topics in Accounting Credit 3(3-1)
Topics covered give additional consideration to selected
accounting problems. Current accounting issues/problems and approaches to their
resolution are examined. Governmental and not-for-profit topics are also
considered. Prerequisites: Successful completion of ACCT 222 and Junior
standing. (F)
ACCT-446. Managerial Accounting Credit 3(3-0)
Development of accounting concepts and techniques as aids
to management planning and control including budgeting, cost behavior,
cost-volume-profit analysis, and responsibility accounting for managerial
decision making. Attention also given to the importance of ethics in the
management account environment. Prerequisite: Successful completion of ACCT 222.
(F;S;SS)
ACCT 491. Fundamentals of Governmental & Not-for-Profit Accounting Credit 3(3-1)
The course is designed for accounting majors and other
students with an interest in governmental and not-for-profit accounting. The
course introduces the student to concepts and methods of accounting for
governmental and not-for-profit entities. Financial reporting, budgeting, and
the environment in which these entities operate are also explored. Cases and
other group assignments are used to foster the development of interpersonal,
communication, and analytical skills. Prerequisites: ACCT 221, ACCT 222, and
Senior standing. (F)
ACCT-545. Advanced Accounting Credit 3(3-1)
Covers partnerships, consignments, special sales
contracts, consolidations with related computer applications, governmental
accounting and other selected advanced accounting topics. Prerequisite:
Successful completion of ACCT 441. (F;S)
ACCT-561. Auditing Principles Credit 3(3-1)
Concentrates on the conceptual and practical aspects of
the examination of financial statements by independent accountants within the
framework of generally accepted accounting principles and generally accepted
auditing standards. Appropriate attention is also given to the objectives and
distinguishing characteristics of internal and operational auditing and to the
importance and relevance of the Code of Professional Conduct. Prerequisite:
Successful completion of ACCT 442. (F;S)
ACCT-562. Accounting Systems Credit 3(3-1)
Focuses on current techniques of processing and utilizing
accounting data for information systems with emphasis on the computer for
internal control and reporting. Recognition also given to the appropriate
ethical considerations in the development and reporting of accounting
information. Prerequisite: Successful completion of ACCT 441. (F;S)
ACCT 563. Contemporary Cost Accounting Topics Credit 3 (3-0)
The course covers contemporary issues/problems in cost
and managerial accounting in the context of the modern business environment.
Emphasis is given to cost information systems, analytical models, global aspects
in management accounting, decision models, nontraditional accounting systems and
other specialized cost topics. Case methodology and computer analysis are
utilized. Prerequisites: Minimum Grade of “C” in ACCT 444. (S)
ACCT-590. Seminar in Accounting Theory Credit 3(3-1)
Focuses on the framework of ideas, concepts, and
principles which make up the body of knowledge of accounting theory.
Prerequisites: Successful completion of ACCT 442, Senior standing, and
permission of instructor. Not recommended for Audit. (S)
ACCT-643. Advanced Income Tax Accounting Credit 3(3-1)
Advanced treatment of tax rules, regulations, and
application for individuals, partnerships, fiduciaries, and corporations.
Students are also introduced to tax case research and the preparation of
corporate tax returns utilizing the computer. Prerequisite: Successful
completion of ACCT 443. Not recommended for Audit. (S)
