Undergraduate Accounting Courses

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Undergraduate Courses

ACC 280 Introduction to Accounting (B)

Prerequisite: MTH 111 or equivalent.

Surveys aspects of financial and managerial accounting with an emphasis on analysis and interpretation of financial statements and the preparation and uses of management reports for decision-making. Intended for majors outside the Department and does not meet the requirements for any majors offered by the Department. 3 Cr.

ACC 281 Introduction to Financial Accounting (B)

Provides an introduction to generally accepted accounting principles used to classify, value, and record assets, liabilities, stockholder equity, revenues and expenses. Preparation, interpretation and analysis of financial statements are discussed. Also, the importance of accounting information for interested parties outside the enterprise is addressed. Ethical codes and professional conduct of accountants are examined. 3 Cr.

ACC 282 Introduction to Managerial Accounting (B)

Prerequisite: ACC 281.

Provides an introduction to accounting information used by business managers to make short- and long-term decisions. Topics include cost accumulation and product costing, cost/volume/profit analysis, budgeting, standard costing and variance analysis, job order and process costing, activity-based costing, and capital budgeting. 3 Cr.

ACC 383 Introduction to Accounting Systems and Software (B)

Prerequisites: ACC 281 and CIS 217.

This course provides an introduction to accounting information systems (AIS) and the software used to manage AIS. AIS topics include the accounting transaction cycle, business processes, internal controls, integrating AIS into the business environment, the role of information processing in management decision making, the role of the accountant in AIS and business modeling. Software applications include one or more general ledger packages (such as QuickBooks and/or Sage 50) and Excel. 3 Cr. Every Semester.

ACC 385 Intermediate Accounting I (B)

Prerequisite is ACC281 (min grade C).

An examination of the theoretical, conceptual, and procedural aspects of generally accepted principles as related to assets. Topics include the measurement, recording, and reporting of assets, the time valuation of money, the accounting cycle, and preparation of general purpose financial statements. Both US GAAP and IFRS are covered. 3 Cr. Every Semester.

ACC 386 Intermediate Accounting II (B)

Prerequisite: ACC 385.

An examination of the theoretical, conceptual, and procedural aspects of generally accepted principles as related to long-term investments, liabilities, and stockholder equity. Topics include long-term investments, bonds and notes payable, stockholder equity issues, earnings per share, leases, pensions, and deferred taxes. Revenue recognition and the Statement of Cash Flows are also covered. Both US GAAP and selected IFRS are covered. 3 Cr.

ACC 387 Financial Statement Analysis (B)

Prerequisites: ACC 281, BUS 325, ECN 304, MTH 121, or higher.

Provides an introduction to stock valuation through fundamental analysis utilizing information in financial statements. Combining information from financial statements with estimates of future performance and growth, students will be able to calculate intrinsic equity and enterprise values. Topics include an overview of GAAP, articulation of financial statements, discounted cash flow models, the residual income model, and forecasting. 3 Cr. Spring.

ACC 388 Cost Accounting (B)

Prerequisite: ACC 282 and MTH 201 or MTH 221.

Focuses on the internal accounting problems of business dealing with cost behavior, cost accounting systems, budgeting, and performance measurement. Includes topics such as cost-volume-profit analysis, variance analysis, standard costing procedures, and managerial decision analysis. 3 Cr.

ACC 389 Accounting Profession Seminar (B)

Prerequisites: ACC 282, ACC 385 (may be taken concurrently).

Develops the professional acumen of accounting students, consistent with the expectations of accounting firms. Examines accounting as a profession, focusing on expected professional comportment and work behaviors of accounting professionals. Requires students to conform to a mandatory dress code and to participate in events sponsored by professional accounting organizations. Accounting majors should complete this seminar in their junior year. 1 Cr. Fall.

ACC 485 Federal Income Tax I (B)

Prerequisites: ACC 385.

An introduction to the US Federal system of income taxation. Emphasis is on understanding conceptual basis of taxation and tax treatment of common transactions, including items of income, exclusion, deduction, and credit. Property transactions and tax research are introduced. In addition, the use of software to prepare tax returns is addressed. 3 Cr.

ACC 486 Advanced Accounting (B)

Prerequisites: ACC 386 and either MTH 201 or MTH 221.

Examines accounting and reporting for partnerships, branch operations, consolidated financial statements, and multi-national corporations. 3 Cr.

ACC 487 Auditing (B)

Prerequisites: ACC 283 and ACC 386.

An introductory course in Auditing examining the theory, concepts, principles and procedures under generally accepted auditing standards for external auditors (CPAs). Topics include evidence, internal control, audit risk, statistical sampling, test of controls and substantive tests. The Professional Code of Conduct and legal liability are also discussed with emphasis on ethical conduct of auditors. 3 Cr.

ACC 488 Federal Income Tax II (B)

Prerequisites: ACC 485.

Examines the Federal income taxation of property transactions, corporations, shareholders, partnerships, and partners. Topics include tax effects of entity formation, operations, distributions, and liquidations. The emphasis is on distinctions among the types of business entities. An introduction to Federal estate and gift taxation is also provided. In addition, the use of tax software to prepare tax returns and online tax research are addressed. 3 Cr.

ACC 489 Accounting for Not-For-Profit Entities (B)

Prerequisites: ACC 386 and either MTH 201 or MTH 221.

Examines the unique accounting characteristics of governmental and not-for-profit entities. Course content includes a basic knowledge of funds and fund accounting as well as theory and procedures from the latest GASB Statements, including how accounting for funds will change with the implementation of GASB #34. Students are introduced to the basic accounting procedures relating to various funds, legally required budgetary accounts, financial statement preparation, proper footnote disclosure, and other reporting issues. 3 Cr.

ACC 497 Tax Practicum (B)

This course focuses on the intersection of theory and practice. Students will be completing real tax returns as part of the VITA program. Likewise, students will complete academic assignments relevant to the practice of taxation. 3 Cr.

ACC 498 Accounting Internship (A)

Provides supervised experience in an accounting environment, with an opportunity to apply concepts learned in accounting course work. Also provides an opportunity for students to better understand (1) accounting career opportunities, (2) the accounting work culture, and (3) the high level of professional acumen required to be successful in accounting. Recommended for all accounting majors without accounting work experience. 1-9 Cr. Every Semester.

ACC 499 Independent Study in Accounting (A)

Prerequisites: ACC 283 and ACC 385.

Allows students to pursue accounting topics and/or projects beyond those covered in regularly scheduled accounting courses. Arranged in consultation with the instructor-sponsor who will supervise and direct the student. Registration requires completion of forms prior to the beginning of the semester. 1-6 Cr.