Accountancy Courses

ACCOUNTANCY (ACCT)

(Textbook Information)

ACCT 2211 Principles of Financial Accounting.
(3) Fall and Spring
This is a foundation-level accounting course that introduces the terminology, principles, and practices of financial accounting for corporations. The course‘s major focus is the accounting cycle and preparation of financial statements.
Prerequisites: ENGL 1101, MATH 1101

ACCT 3301 Intermediate Financial Accounting I.
(3) Spring
This course focuses on the decision-making implications of information provided to external stakeholders, including investors, creditors, customers, and regulators, and regulation theory and practice as applied to accountancy. Topics include regulation of accountancy procedures for external reporting, current problems in reporting financial position, income determination, and an integration of current professional pronouncements.
Prerequisite: ACCT 2211

ACCT 3302 Intermediate Financial Accounting II.
(3) Fall
Continuation of Intermediate Financial Accounting I.
Prerequisite: ACCT 3301

ACCT 3311 Principles of Managerial Accounting.
(3) Fall
A study of the uses of accounting for planning and control, including analysis and interpretation of data, and use of cost information for business policy implementation. Active learning projects will be emphasized.
Prerequisite: ACCT 2211

ACCT 4401 Auditing and Accounting Ethics and Liability.
(3) Spring
This course focuses on the legal and ethical environment in which the accounting professional practices and in which financial statements are prepared and presented. Students will consider the conflict between profit motive and accurate and complete financial reporting, examining the participation in the financial reporting process by internal accountants, internal auditors, other business managers, and the independent auditors engaged to attest to the accuracy and completeness of management's financial statements. These conflicts will be discussed in relation to the business's responsibility to employees, investors, and other stakeholders. Traditional auditing practices will also be studied to determine the efficiency and the effectiveness of such methods.
Prerequisite: ACCT 3301

ACCT 4410 Federal Income Taxation.
(3) Spring
This course introduces students to U.S. federal income tax concepts and principles and the application of such concepts to business operating, investing, and financing activities. Ethical and legal issues confronting tax practitioners are discussed throughout the course. Students engage in tax research utilizing professional databases and gain expertise in technical writing.
Prerequisite: ACCT 2211

ACCT 4415 Cost Accounting.
(3) Spring
This course focuses on the decision-making implications of information provided to organization managers. Concepts from economics, statistics, and psychology emphasize the use of quantitative techniques to manage uncertainty and risk. Topics include planning and control techniques, construction of static and flexible budgeting, and product costing mechanisms.
Prerequisite: ACCT 3311

ACCT 4420 Advanced Federal Income Taxation.

(3) Fall
This course examines continues the study of federal income taxation from ACCT 4410 and addresses more advanced federal taxation issues. Topics that will be covered include the taxation of entities and their owners, including the taxation implications of formations, distributions, reorganizations, liquidations and other business transactions. Return preparation, planning, research, and compliance issues are also integrated throughout the course.
Prerequisite: ACCT 4410

ACCT 4430 Advanced Accounting.

(3) Spring
This is an intensive course that integrates the disciplines of accounting, finance, and taxation with respect to selected complex business transactions. Topics will include business combinations, goodwill, inventory costing, property exchanges and advanced stockholders‘ equity transactions.
Prerequisite: ACCT 3302

ACCT 4440 Accounting Information Systems.
(3) Spring
This course is an introduction to the systems, procedures, and processes that management employs to control operating activities and information reporting systems.
Prerequisite: ACCT 2211

ACCT 4454 Financial Statement Analysis.
(3) Spring
This course focuses on the structure and analysis of financial statements prepared in accordance with US GAAP, providing students with a framework for using financial statement data in a variety of valuation and business analysis contexts.
Prerequisite: ACCT 3301

ACCT 4460 Internship in Accounting.
(1-6) on demand
This course represents a unique opportunity for a qualified student to expand his or her understanding of the practical applications of accounting concepts by entering into a specific ?help-rendered learning accomplishment? contract with a cooperating area enterprise. The contract will specifically identify the student‘s obligations and duties, the nature and extent of the host enterprise‘s commitment to assist the student in further extending his or her knowledge of enterprise operations, and the basis on which the student‘s learning accomplishments will be measured. No more than 12 credit hours may be applied toward the student‘s graduation requirements.
Prerequisites: Accountancy major with demonstrated superior capabilities and prior approval of the contract by the department faculty

ACCT 4480 Special Topics in Accounting.
(3) on demand
A series of ?special topic? courses will provide students with exposure to issues and concepts not covered in their regular coursework. Most topics will include work with ?real-world? organizations.
Prerequisites: ACCT 2211 and consent of instructor

ACCT 4488 Research and Current Topics in Accounting.
(3) on demand
This course provides a conceptual understanding of the accounting process and the background skills to do research in the authoritative accounting literature. Students will gain proficiency using FARS. Current topics in accounting will be researched and discussed. Technical writing abilities will be stressed.
Prerequisite: ACCT 3301