Course Descriptions

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 401. Accounting Colloquium I

Credit 1 (1-1)

This course introduces accounting majors to the accounting profession and to the resources needed to prepare for an accounting career. Topics covered include exposure to varied career opportunities in the accounting profession; preparation for the professional examinations; development of presentation and analytical skills; and identification/discussion of current and emerging issues in the profession. Additionally, learning assurance assessment activities will be conducted as needed. Prerequisites: Junior standing and Accounting major (F,S)

ACCT 402. Accounting Colloquium II

Credit 1 (1-1)

Accounting Colloquium II is a continuation of ACCT 401. Prerequisites: Successful completion of ACCT 401or permission of Chairperson, Junior standing, and Accounting major (F,S)

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)