Accounting (ACCT)


ACCT 197. WORKSHOP, SHORT COURSE, CONFERENCE, SEMINAR. 2 Credits.

ACCT 251. PRINCIPLES OF FINANCIAL ACCOUNTING. 5 Credits.

Pre-requisites: sophomore standing.
Introduction to the underlying principles of financial accounting and the application of such data to financial decisions.

ACCT 252. PRINCIPLES OF MANAGEMENT ACCOUNTING. 4 Credits.

Pre-requisites: ACCT 251.
Introduces the principles and techniques of managerial accounting. Emphasizes the use of information outputs from the managerial accounting information system in making managerial decisions.

ACCT 261. BUSINESS LAW. 4 Credits.

Pre-requisites: sophomore standing.
Law as it applies to the business world. Explores background of our system of legal process. Examines law and its social environment and its impact on business organizations and transactions.

ACCT 299. DIRECTED STUDY. 1-10 Credits.

ACCT 323. COMPUTER APPLICATIONS FOR ACCOUNTANTS. 2 Credits.

Notes: taught by an Accounting Professional.
Pre-requisites: ACCT 251, ACCT 252, BUED 425 or permission of instructor.
This course provides an opportunity for students to learn current versions of Intuit QuickBooks while learning how to communicate and advise clients. Through workplace simulations and project-based learning, students create and maintain accounts in order to increase productivity and efficiency in the workplace.

ACCT 351. INTERMEDIATE ACCOUNTING I. 4 Credits.

Notes: ACCT 351, ACCT 352, ACCT 353 are sequential and cannot be taken out of order or concurrently.
Pre-requisites: ACCT 251.
Financial accounting principles and practice: postulates and principles underlying the presentation and interpretation of financial statements, including: working capital, investments, plant assets, long-term liabilities, partnership formation, partnership dissolution and stockholders’ equity.

ACCT 352. INTERMEDIATE ACCOUNTING II. 4 Credits.

See ACCT 351.

ACCT 353. INTERMEDIATE ACCOUNTING III. 4 Credits.

ACCT 356. COST ACCOUNTING I. 4 Credits.

Pre-requisites: completion of CPLA 100 and CPLA 101 or CPLA 120; completion of a math course that satisfies math proficiency (MATH 200 is highly recommended), ACCT 251, ACCT 252, DSCI 245, junior standing.
Cost determination and control: cost accounting theory and accounting for manufacturing operations. Emphasis on historic and standard costs, standard cost variance determination, budgeting and cost allocation.

ACCT 357. COST ACCOUNTING II. 4 Credits.

Pre-requisites: ACCT 356.
Cost analysis and control principles and methods applied to manufacturing operations and decision making; applications of information theory to cost accounting reports and decision making; applications of information theory to cost accounting reports and decision processes.

ACCT 358. ACCOUNTING FOR NON-PROFIT ENTITIES. 4 Credits.

Pre-requisites: ACCT 251.
Concepts, principles and procedures of fund accounting and accounting for not-for-profit entities. Emphasis on accounting principles and budgetary control, financial reporting and auditing for effective financial administration of governmental and other non-profit entitites.

ACCT 359. ACCOUNTING SYSTEMS. 4 Credits.

Pre-requisites: ACCT 351, ACCT 356, and MISC 211.
This course covers the application of concepts and techniques for the design, function, separation and evaluation of accounting systems. The course also focuses on accounting system design and evaluation in providing timely information along with problems in accounting-system installation and revision.

ACCT 399. DIRECTED STUDY. 1-5 Credits.

Pre-requisites: permission of the instructor, department chair and college dean.

ACCT 422. ADVANCED BUSINESS LAW. 4 Credits.

Pre-requisites: ACCT 261; senior standing.
Business ethics and social responsibility; public law and regulation including securities law, antitrust law, consumer law, labor law, and debtor/creditor relations.

ACCT 450. AUDITING. 4 Credits.

Pre-requisites: ACCT 353, ACCT 356, ACCT 359.
Generally accepted auditing standards and principles; auditing objectives and methodology; ethical responsibility of the C.P.A. in financial reporting and auditing.

ACCT 451. ADVANCED AUDITING. 4 Credits.

Pre-requisites: ACCT 450.
Special topics in auditing with emphasis on EDP and statistical auditing. Auditing objectives, methodology, and generally accepted auditing standards as they relate to EDP and statistical auditing. Practical audit experience through hands-on computer use on audit cases.

ACCT 452. CONTEMPORARY ACCOUNTING THEORY. 4 Credits.

Pre-requisites: ACCT 353, ACCT 356 and ACCT 359.
This course covers contemporary accounting issues and their theoretical implications; review of accounting literature and research studies and pronouncements of the FASB and other professional organizations.

ACCT 453. ADVANCED ACCOUNTING. 4 Credits.

Selected special topics in financial accounting. Emphasis on financial accounting theory for partnerships, corporate combinations, and other selected advanced topics in financial accounting. Study of official pronouncements and major literature in the above areas.

ACCT 454. FEDERAL INCOME TAX I. 4 Credits.

Pre-requisites: ACCT 251.
Provisions and principles of federal income tax laws affecting the determination of taxable income, tax liability and tax planning for individuals.

ACCT 455. FEDERAL INCOME TAX II. 4 Credits.

Pre-requisites: ACCT 454.
Provisions and principles of federal income tax laws affecting the determination of taxable income and tax liability of corporations and information returns and tax planning for partnerships.

ACCT 456. FEDERAL INCOME TAX III. 4 Credits.

Special topics in federal income taxation. Emphasis on tax research and planning. Designed for specialists in tax work. Technical aspects of taxation - estates, trust, pension and profit-sharing plans, foreign income/foreign taxpayers and audits - tax fraud, rules of evidence and ethics of tax practice.

ACCT 457. INTERNATIONAL ACCOUNTING. 4 Credits.

Notes: core class requirement of International Business Major.
Pre-requisites: ACCT 251, ACCT 252.
This course explores financial reporting and other pertinent issues related to International Accounting. The course will emphasize a user over a preparer perspective.

ACCT 495. PROFESSIONAL INTERNSHIP. 1-15 Credits.

Pre-requisites: permission of the instructor, department chair and college dean.

ACCT 496. EXPERIMENTAL COURSE. 1-5 Credits.

ACCT 498. SEMINAR. 1-5 Credits.

ACCT 499. DIRECTED STUDY. 1-5 Credits.

Notes: graded Pass/Fail.
Pre-requisites: permission of the instructor, department chair and college dean.

ACCT 522. ADVANCED BUSINESS LAW. 4 Credits.

Pre-requisites: admission into MPAcc program.
The course is designed to obtain a fundamental understanding of business law for the business law section of the CPA exam and, more importantly, to be useful in corporate and individual life-long dealings with contracts and law.

ACCT 539. SPECIAL TOPICS. 1-5 Credits.

Pre-requisites: admission into MPAcc program.
Elective courses will be offered on a variety of topics, including but not limited to Forensic Accounting, Health Care Accounting, Health Care Business Law, Tax Research, Tax Planning, Accounting for Natural Resources and Sustainability, Professional Financial Accounting Research, Professional Consulting in an Accounting Firm, Business Analytics in Accounting Practice, Accounting History, Accountants as Academicians. The topics of specific ACCT 539 courses offered each quarter are determined by a combination of student and faculty interest and availability. Please refer to EagleNet for current quarterly offerings.

ACCT 551. ADVANCED AUDITING. 4 Credits.

Pre-requisites: admission into MPAcc program.
This course covers auditing terminology, concepts, principles and examines the procedures for accumulating and evaluating of evidence about information by a competent, independent person to determine and report on the degree of correspondence between the information and established criteria. Auditing challenges you to apply what you have learned in your other accounting classes for the purpose of obtaining and evaluating the evidence and reporting on what you have found.

ACCT 552. CONTEMPORARY ACCOUNTING THEORY. 4 Credits.

Pre-requisites: admission into MPAcc program.
The course is designed to develop an understanding of the concepts, principles, and practices of different accounting issues around the world while assisting students to analyze the conceptual and measurement issues relating to the impact of economic transactions and events on the income and financial position of the firm as viewed from inside and outside the firm. The methods and rationale for producing and disclosing financial information will be examined while learning and understanding contemporary issues of accounting.

ACCT 553. ADVANCED FINANCIAL ACCOUNTING. 4 Credits.

Pre-requisites: admission into MPAcc program.
This course is intended to provide comprehensive coverage of complex financial accounting topics related to financial statement preparation and external reporting. The content of the course provides students with tools to develop an in-depth understanding of the financial accounting topics of consolidation of related entities into one set of financial statements, as well as an introduction to variable interest entities, accounting for derivatives, and accounting for partnerships.

ACCT 554. INTERNATIONAL ACCOUNTING. 4 Credits.

Pre-requisites: admission into MPAcc program.
This course is intended to provide coverage of International Financial Reporting Standards (IFRS) as well as understanding of how corporate accounting is practiced and regulated throughout the world today. Special attention is paid to the accounting traditions in Europe, Africa, Asia and Latin America. The important roles played by the American Institute of Certified Public Accountants, and the Securities and Exchange Commission will be included.

ACCT 555. ADVANCED TAX. 4 Credits.

Pre-requisites: admission into MPAcc program.
Covering the rules on the taxation of C Corporations (taxable corporations) and pass through entities, including Subchapter S Corporations, Partnerships (which covers most Limited Liability Companies as well as general and limited partnerships. The course also orients the student with the tax research process using an online database and hard copy research sources and requires preparation of a tax research memorandum to a hypothetical client undergoing a corporate tax audit with the IRS.

ACCT 557. COST ACCOUNTING. 4 Credits.

Pre-requisites: admission into MPAcc program.
The course is designed to extend and apply the knowledge base in cost accounting and provide a further understanding of managerial accounting issues in planning, organizing and controlling organizational activities. Topics include analyzing and managing costs, developing cost systems that facilitate decision-making, identifying opportunities for improving business process, and developing measures to assess performance. Furthermore, the course focuses on 1. cost control and profit analysis; 2. control systems (e.g., performance evaluation) that accommodate the needs of large and decentralized business enterprises.

ACCT 558. ACCOUNTING FOR GOVERNMENTAL AND NOT-FOR-PROFIT ENTITIES. 4 Credits.

Pre-requisites: admission into MPAcc program.
This course is concerned with the concepts, principles and procedures used in the accounting for governmental and nonprofit organizations, including an emphasis on legal and contractual compliance.

ACCT 596. EXPERIMENTAL COURSE. 1-5 Credits.

Experimental.

ACCT 598. GRADUATE SEMINAR. 2-4 Credits.

Pre-requisites: admission into MPAcc program.
Special topics in selective industries’ accounting principles and other issues.

ACCT 599. INDEPENDENT STUDY. 2-4 Credits.

Pre-requisites: permission of the instructor, department chair and college dean.
Students take intensive and rigorous independent study of a special area in accounting, resulting in a research paper outcome.

ACCT 695. MANAGEMENT INTERNSHIP. 2-4 Credits.

Pre-requisites: permission of the instructor, department chair and college dean.
Faculty supervised educational internship with a public firm, private accounting company, business, government or non-profit organization.