ACCOUNTING (ACC)

ACC 211, 212 Accounting Principles I, II 4 cr
Provide an understanding of the ways in which accounting information supports decision-making. The user perspective is emphasized by considering financial and managerial accounting concepts relevant to performing financial analysis and determining financial position, earnings, and cash flows. An integral element of each course is selected coverage of global, ethical and technological issues related to accounting. Courses must be taken in sequence.

ACC 313 Financial Accounting I 4 cr
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 313 before 314 can be taken.) Prerequisite: ACC 212.

ACC 314 Financial Accounting II 4 cr
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 314 before ACC 315 or 451 may be taken.) Prerequisite: ACC 313 with a minimum grade of C.

ACC 315 Financial Accounting III (W) 4 cr
Includes measurement, recognition, and reporting of leases, pensions, accounting changes, foreign currency transactions and translation; accounting for partnership operations and not-for-profit entities. Coverage of selected professional pronouncements. Prerequisite: ACC 314 with a minimum grade of C.

ACC 322 Cost Accounting 4 cr
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. (A minimum grade of C must be earned in ACC 322 before ACC 423 may be taken.) Prerequisite: ACC 212.

ACC 331 Taxation of Individuals 4 cr
Basic federal income tax law and tax planning considerations relating to individuals. Prerequisite: ACC 212.

ACC 341 Accounting Information Systems 4 cr
The study of accounting as a comprehensive information system which provides for planning and control, special reports, and preparation of external financial statements. Prerequisite: ACC 212.

ACC 416 Financial Accounting IV 4 cr
Study of business combinations, consolidation issues, interim and segmented reporting, inflation accounting. Coverage of selected professional pronouncements. Prerequisites: ACC 314 with a minimum grade of C.

ACC 423 Advanced Cost Accounting 4 cr
Advanced managerial accounting topics. Budgeting, relevance, pricing, and the decision process. Mix and yield variances. Decentralization and transfer pricing. Performance measurement. Pre-requisite: ACC 322 with a minimum grade of C.
ACC 432 Taxation of Partnerships and Corporations 4 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.

ACC 434 Taxation of Gifts, Trusts and Estates 4 cr
An examination of the federal tax treatment of gratuitous transfers made during life and at death. Prerequisite: ACC 331.

ACC 451 Auditing 4 cr
Theory and application of the attest function. Includes standards, objectives, review of internal control structures, tests of controls, substantive testing and reporting. Prerequisite: ACC 314 with minimum grade of C.

ACC 452 Advanced Auditing 4 cr
Advanced 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 minimum grade of C.

ACC 461 Accounting for Governmental and 4 cr
Not-for-Profit Entities 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 315.

ACC 481 Accounting for Non-Accounting Majors 4 cr
Accounting principles and concepts which provide the foundation for the measurement and communication of financial data to management. Valuation of resources; income determinants, control methods, and standards for performance measurement and evaluation. Prerequisite: Available only to juniors and seniors in other colleges within the University. Not a substitute for ACC 211 or 212.

ACC 490 Special Topics 2-4 cr
Designed to provide senior students an opportunity to study selected topics of particular interest. Prerequisite: Permission of department chair and the Associate Dean. (A student may count no more than 4 hours of Special Topics in the Concentration.)

ACC 494 Directed Study in Accounting 4 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. Prerequisites: Junior or senior standing, a cumulative GPA of 2.5 or better, and approval of the department chair and the Associate Dean following the evaluation of a written proposal.

ACC 496 Accounting Internship 4 cr
Designed to give students practical experience in their field of study. Students will complete directed projects under the supervision of a faculty advisor. No more than four hours of internship may be counted towards a degree in the College of Business and Management Studies. Prerequisites: Junior or senior standing, a cumulative GPA of 2.5 or better, and approval of the department chair and the Associate Dean following the evaluation of a written proposal.

ACC 500 Financial Accounting 4 cr
Accounting principles and concepts which provide the foundation for the measurement and communication of financial data to management. Valuation of resources, accounting for debt and equities, income determinants and analysis of financial statements. Available only to college graduates with no previous accounting.

ACC 511 Financial Accounting Theory 4 cr
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. Prerequisite: ACC 315.

ACC 512 Financial Accounting Research 4 cr
Emphasis is placed on the application of research methodology to the solving of real-world technical accounting programs. Students gain practice in the identification of issues, formulating alternative solutions, researching the literature, and defending a final position. Prerequisite: ACC 511.

ACC 520 Cost Analysis and Controls 4 cr
This course covers accounting for manufacturing costs, standard costs and variances, job order and process cost systems, budgets, direct and absorption costing, and cost-volume-profit analysis. Prerequisite: ACC 500 or its equivalent.

ACC 531 Tax Planning and Research 4 cr
An examination of tax research tools, their utilization, and various tax planning considerations. Students are required to conduct research and tax planning upon assigned topics, and write a report on their findings. Prerequisites: ACC 331.

ACC 541 Advanced Accounting Systems 4 cr
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. Prerequisites: ACC 341, CIS 500 or equivalent.

ACC 571 Professional Accounting 4 cr
A study of relevant issues and responsibilities pertaining to the accounting profession, with an emphasis on legal and ethical considerations. Prerequisite: ACC 451.

ACC 590 Special Topics 4 cr
Designed to provide graduate students an opportunity to study selected topics. Prerequisites: Permission of department chair and director of graduate studies. A student may count no more than 4 hours of Special Topics in the M.B.A. degree program.

ACC 594 Independent Study 4 cr
Readings and research on selected topics. Conferences and formal research report required. Prerequisites: permission of department chair and director of graduate studies.

Courses of Instruction

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