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ACCOUNTING
(ACC)
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| ACC 211 |
Principles
of Accounting I |
3 cr |
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| The course provides
an understanding of ways in which accounting information
supports business decision-making. Topics include
financial accounting and reporting for assets
and liabilities. ACC 211 and 212 must be taken
in sequence. |
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| ACC 212 |
Principles
of Accounting II |
3 cr |
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| The course provides
an understanding of ways in which accounting information
supports business decision-making. Topics include
financial accounting and reporting for ownership
interests, and managerial accounting concepts
relevant to planning, control and analysis. Prerequisite:
ACC 211. |
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| ACC 331 |
Taxation
of Individuals |
3 cr |
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| Basic
federal income tax law and tax planning considerations
relating to individuals. Prerequisite: ACC 212. |
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| ACC
341 |
Accounting
Information Systems |
3
cr |
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| The study of
Accounting as a comprehensive information system
which provides for planning and control, special
reports, and preparation of external financial
statements. Prerequisites: ACC 212 and CIS 250. |
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| ACC 371 |
Financial
Accounting I |
3 cr |
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| Accounting theory
as related to income measurement; preparation
of balance sheets and income statements; recognition,
measurement, and reporting of assets. (A minimum
grade of C must be earned in ACC 371 before 372
can be taken.) Prerequisite: ACC 212 with a minimum
grade of “C”. |
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| ACC 372 |
Financial
Accounting II |
3 cr |
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| Includes measurement,
recognition and reporting of liabilities, equities,
investments, and deferred taxes; EPS; and the
preparation of cash flow statements. Coverage
of selected professional pronouncements. (A minimum
grade of C must be earned in ACC 372 before ACC
451 may be taken.) Prerequisite: ACC 371 with
a minimum grade of “C”. |
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| ACC 381 |
Cost Accounting |
3 cr |
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| Includes cost-accounting
theory and practice involving such topics as job-order
and process-cost systems, cost-volume-profit relationships,
budgets, standard costs, variance analysis, direct
costing, and cost allocation. Prerequisite: ACC
212. |
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| ACC 416 |
Advanced
Financial Accounting |
3 cr |
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| Study of business
combinations, consolidation issues, interim and
segmented reporting, inflation accounting. Coverage
of selected professional pronouncements. Prerequisite:
ACC 372 with a minimum grade of “C”. |
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| ACC
432 |
Taxation
of Partnerships and Corporations |
3
cr |
|
| An
examination of the federal tax treatment of partnerships
and corporations. Topics include: tax aspects
of the formation of the entity, elements of gross
income, treatment of property dispositions, allowable
deductions and credits, determination of entity
and investor basis, and liquidation of the entity.
Prerequisite: ACC 331. |
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| ACC
434 |
Taxation
of Gifts, Trusts and Estates |
3
cr |
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| An examination
of the federal tax treatment of gratuitous transfers
made during life and at death. Prerequisite: ACC
331. |
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| Theory and application
of the attest function. Includes standards, objectives,
review of internal control structures, tests of
controls, substantive testing and reporting. Prerequisite:
ACC 372 with a minimum grade of “C”. |
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| ACC 452 |
Advanced
Auditing |
3 cr |
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| Advance study
of the application of Auditing Standards; internal
control evaluations; applications of statistics;
audits of EDP systems; internal and operational
auditing, ethical, legal and reporting obligations.
Prerequisite: ACC 451 with a minimum grade of
C. |
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| ACC
461 |
Accounting
of Governmental and NFPE |
3
cr |
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| A study of the
concepts and procedures underlying fund accounting,
budgetary control, and financial reporting requirements
for governmental and not-for-profit entities.
Prerequisite: ACC 372 with
a minimum grade of "C." |
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| ACC 490 |
Special
Topics |
3 cr |
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| Designed to
provide senior students an opportunity to study
selected topics of particular interest. Prerequisite:
Permission of the department chair. (A student
may count no more than three hours of Special
Topics in the Concentration.) |
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| ACC
494 |
Directed
Study in Accounting |
3
cr |
|
| Primarily designed
to give superior students an opportunity to study
some phase of accounting of particular interest.
Conferences, a bibliography, and a formal research
report are required. Prerequisite; Junior or senior
standing, a cumulative GPA of 2.5 or better, and
approval of the department chair following the
evaluation of a written proposal. |
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| ACC
496 |
Accounting
Internship |
3
cr |
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Students
obtain practical accounting experience, with
respect to which they are to report to a faculty
advisor in accounting and satisfy the requirements
set forth for the course. No more than three
hours of internships may be counted toward a
degree in the Mitchell College of Business.
Grades are awarded on a satisfactory/ unsatisfactory
basis. Prerequisites: Declared accounting concentration,
an overall grade point average of at least 2.5,
an accounting grade point average of 2.5, and
completion of ACC 372 with a grade of at least
C. In addition, the students must obtain the
signed approval of the department chair.
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| ACC
497 |
MBA
Accounting Survey |
3
cr |
|
| Accounting
principles and concepts which provide the foundation
of the measurement and communication of financial
data to management. Valuation of resources, accounting
or debt and equities, income determinants and
analysis of financial statements. Available only
to college graduates planning to enter the MBA
or MAcc programs. |
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| ACC
511 |
Financial
Accounting Theory |
3
cr |
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| The evolution
of general accounting theory leading up to and
including the conceptual framework will be discussed
as well as the specific theory underlying certain
accounting topics of current interest. |
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| ACC
520 |
Accounting
for Management Decisions |
3
cr |
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| Study of managerial
accounting in support of strategic business decisions.
Includes budgeting, costing, resource allocation,
control, feedback and responsibility accounting.
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| ACC
521 |
Advanced
Managerial Accounting |
3
cr |
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| Advanced managerial
and cost accounting topics. Tools for planning
and control, development of cost information for
decision making, cost allocations, inventory management
systems, capital budgeting, performance measurements,
transfer pricing and multi-national considerations.
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| ACC 531 |
Tax Planning
and Research |
3 cr |
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| An examination
of tax research tools, their utilizations, and
various tax planning considerations. Students
are require to conduct research and tax planning
upon assigned topics, and write a report on their
findings. |
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| ACC
541 |
Advanced
Accounting Systems |
3
cr |
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| Analysis of
accounting information system case studies in
order to expose students to real-world system
problems and applications. Course work includes
hands-on work with a variety of computer-based
accounting application packages. |
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| ACC 571 |
Professional
Accounting |
3 cr |
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| A study of relevant
issues and responsibilities pertaining to the
accounting profession, with an emphasis on legal
and ethical considerations. |
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| ACC 590 |
Special
Topics |
3 cr |
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| Designed
to provide graduate students an opportunity to
study selected topics. Permission of department
chair. (A student may count
no more than three hours of Special Topics in
the graduate program). |
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| ACC
594 |
Independent
Study in Accounting |
3
cr |
|
| Readings and
research on selected topics. Conferences and formal
research report required. Prerequisites: Approval
of department chair. |
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