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Course Descriptions

Accounting Program

Each of the courses described below is intended to present a transformational experience for the students. While most of the courses listed are taken by accounting majors, ACCT 210, ACCT 220, ACCT 335 and ACCT 440 may also be taken by Business Administration majors. Accounting majors may not count ACCT 220 toward the major in accounting.

ACCT 210 - Financial Accounting (3) (F, S, SS)
Is the introductory course for the accounting degree program. The course introduces the basic framework of accounting to all students majoring in accountancy. It exposes the accounting students to the underlying accounting concepts and constraints, and helps them in preparations of financial records, financial statements, and analysis of the major financial statements. Must be taken by all accounting majors. Prerequisites : BUAD 115, BUAD 190, GE 115.

ACCT 220 - Managerial Accounting (3) (F, S, SS)
Introduces accounting information that aids managers in planning, controlling, decision-making and performance evaluation. Some topics covered are cost classification and behavior, product costing, cost-volume-profit analysis, relevant cost, cost and benefit analysis, and budgeting. This course may not be used as credit for the major in accounting. Prerequisite: ACCT 210.

ACCT 321 - Intermediate Accounting I (3) (F,S)
This is the foundation course for financial reporting. It includes discussions of the conceptual framework, the regulatory environment, ethical issues, international issues, and behavioral aspects of accounting. Analysis of the content and presentation of financial statements is also included. Prerequisite: ACCT 210; Corequisite: ACCT 321L.

ACCT 321L - Intermediate Accounting I Lab (1) (F,S)
Two laboratory hours each week. Emphasis is on analysis of business transactions, journalizing transactions, preparation of statements and reports. Includes the use of Excel and accounting software. Corequisite: ACCT 321.

ACCT 322 - Intermediate Accounting II (3) (F,S)
This course continues the coverage of the content and presentation of financial statements that are issued by corporations. Topics covered are relatively more complex and more detailed. Prerequisites: ACCT 321, ACCT 321L.

ACCT 323 - Intermediate Accounting III (3) (F,S)
This is the final course in the intermediate accounting series. It covers more complex topics such as accounting for leases, accounting for taxes, and derivatives. Prerequisite: ACCT 322.

ACCT 335 -- Federal Income Taxation (3) (F, S, SS)
Introduction to federal taxes on income. Topics include preparation of income tax returns for individuals, statutory concepts of income, capital gains and losses, basis of property, sales and exchanges, and taxation of retirement annuities. Prerequisite: ACCT 210.

ACCT 398 -- Special Topics In Accounting (3) (F, S, SS)
Topics of special interest to business students may be offered, or there is a request by a group of students for a specific course not otherwise available. The students conduct study of these topics as business electives. Prerequisite: Junior standing and permission of the instructor.

ACCT 421 -- Cost Accounting (3) (F, S)
This course covers fundamental topics under cost measurement, cost management, planning, and performance measurement. Some topics covered are product costing, activity-based costing and management, cost-volume-profit analysis, standard costing, budgeting and variance analysis, relevant costs and benefits analysis, and value-chain analysis. Prerequisite: ACCT 321, ACCT 321L

ACCT 422 -- Advanced Cost Accounting (3) (F)
Covers advanced topics under cost measurement, cost management, planning, and performance measurement. Some topics covered are cost estimation, joint and by-product costing, responsibility accounting, performance evaluation of responsibility centers, transfer pricing, balanced scorecard, and capital budgeting. Prerequisite: ACCT 421

ACCT 425 -- Financial Auditing (3) (S)
This course focuses on the process of auditing financial statements. It also includes discussions of the accounting concepts, profession, its regulatory and legal liability environments plus need for the audit function, professional standards and conduct. This is a Capstone course for the Accounting degree and requires a term paper. Prerequisite: ACCT 323.

ACCT 431 - Advanced Financial Accounting (3) (S)
Covers various specialized areas of accounting including consolidated financial statements, partnerships and limited liability companies. Prerequisite:ACCT 323.

ACCT 435 -- Entities Taxation (3) (S)
Building on the principles of individual income taxation, this course addresses the federal approach to taxing for-profit entities including partnerships, corporations, and trusts. Topics include "flow-through" taxation, the separate legal entities doctrine, and "either/or" taxation. The course concludes with an introduction to the unified federal estate and gift tax. Prerequisite: ACCT 335.

ACCT 440 -- Accounting Information Systems (3) (F)
Study of Accounting Information Systems with an emphasis on information, communication, and networking technology within the context of transaction cycles and internal control structure. Examination of the role of AIS in e-commerce and enterprise software. Prerequisites: ACCT 321 and ACCT 321L or ACCT 220, and BMIS 380.

ACCT 450 -- Financial Statement Analysis (3) (F)
Explores the tools and techniques of financial statement analysis, emphasizing ratio and cash flow measurements of operating, financing, and investing performance. Focuses on finance and accounting concepts and practice. Prerequisites: ACCT 321, ACCT 321L

ACCT 451 -- Government and Not-For-Profit Accounting (3) (F)
Comprehensive study of fund accounting theory and concepts used in the financial accounting, budgeting, control, and reporting for governmental and non-profit organizations. This course includes the standards and regulations applicable to local government units, universities, hospitals and other non-profit entities. Prerequisites: ACCT 321, ACCT 321L.

ACCT 460 -- Forensic Accounting (3) (S)
Forensic Accounting is the application of accounting methods and financial techniques to assist in solving economic-based crimes. The term "forensic" means that after gathering evidence, an accountant may be asked to present that evidence in a forum, such as testifying in court to help attorneys with litigation services. If someone suspects fraud, he or she often calls a forensic accountant to redo the books and investigate for fraud. The course includes the discussion of criminal statues relating to financial crimes, fraud investigation and prevention, techniques used in solving financial crimes, interviewing, rules of evidence, sources of information, forensic accounting procedures, and current issues in financial investigations. Prerequisites: ACCT 321, ACCT 321L.