Accounting (ACC) Courses

ACCOUNTING (ACC)

1998-1999 Bulletin Information

ACC 211 Principles of Accounting I 3 cr
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.
ACC 212 Principles of Accounting II 3 cr
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.
ACC 331 Taxation of Individuals 3 cr
Basic federal income tax law and tax planning considerations relating to individuals.
Prerequisite: ACC 212.
ACC 341 Accounting Information Systems (W) 3 cr
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 150.
ACC 371 Financial Accounting I 3 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 371 before 372 can be taken.) Prerequisite: ACC 212.
ACC 372 Financial Accounting II 3 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 372 before ACC
451 may be taken.) Prerequisite: ACC 371 with a minimum grade of C.
ACC 381 Cost Accounting 3 cr
Includes cost-accounting theory and practice involving such topics as job-order and
process-cost systems, cost-volume-profit relation-ships, budgets, standard costs, variance
analysis, direct costing, and cost allocation. Prerequisite: ACC 212.
ACC 416 Advanced Financial Accounting 3 cr
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.
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.
ACC 434 Taxation of Gifts, Trusts and Estates 3 cr
An examination of the federal tax treatment of gratuitous transfers made during life and at
death. Prerequisite: ACC 331.
ACC 451 Auditing 3 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
372 with a minimum grade of C.
ACC 452 Advanced Auditing 3 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 a minimum grade of C.
ACC 461 Accounting of Governmental and NFPE 3 cr
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.
ACC 490 Special Topics 3 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 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 and the Associate Dean following the evaluation of a written
proposal.
ACC 500 Financial Accounting 3 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 3 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 372.
ACC 520 Cost Analysis and Controls 3 cr
This course covers cost-volume-profit analysis, budgets, standard costs and variances,
responsibility accounting systems, capital budgeting, accounting for manufacturing costs, job
order and process costs systems, and direct versus absorption costing. Prerequisite: ACC 500 or
its equivalent.
ACC 521 Advanced Managerial Accounting 3 cr
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. ACC 381.
ACC 531 Tax Planning and Research 3 cr
An examination of tax research tools, their utilizations, and various tax planning
considerations. Students are required to conduct research and tax planning upon assigned topics,
and write a report on their findings. Prerequisite: ACC 331.
ACC 541 Advanced Accounting Systems 3 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. Prerequisite: ACC 341.
ACC 571 Professional Accounting 3 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 3 cr
Designed to provide graduate students an opportunity to study selected topics. Permission
of department chair and director of graduate studies.

Department of Accounting

College of Business and Management Studies