203. Principles of Accounting I: Introduction to accounting as a tool of management. Accounting principles and procedures and their application in the preparation and use of financial statements are explained. Accrual versus cash accounting, recording procedures for transactions affecting income, assets, liabilities, and equity, are covered.
204. Principles of Accounting II: Three hours
Prerequisite: ACC 203
Systems, methods, and procedures utilized in computing financial statements, and methods of analyzing and interpreting financial statements are covered. Basic concepts of budgeting, analysis, and the use of financial information for management decision making are presented.
210. Computer Applications in Accounting: Three hours
Prerequisite: ACC 203
The course will require the student to have hands-on study of current spreadsheet, accounting, and financial software packages. The course will concentrate on training future accountants when it is suitable to use a general ledger program and/or a spreadsheet program.
308. Intermediate Accounting I: Three hours
Prerequisite: ACC 204
An in-depth study of accounting concepts and theory including pronouncements of the Financial Accounting Standards Board and the Securities and Exchange Commission. Specific practice applications include the topics of the accounting cycle, financial statements, and time value of money.
309. Intermediate Accounting II: Three hours
Prerequisite: ACC 308
A continuation of ACC 308. Covers partnership and corporate accounting, along with the basic elements, cash and receivables, long-term investments, property, plant, equipment, current liabilities, and intangibles.
310. Intermediate Accounting III: Three hours
Prerequisites: ACC 308
A study of contemporary accounting issues including IFRS, long-term liabilities, leases, accounting for income taxes, pensions, stock-based compensation, and earnings per share.
370. Federal Income Taxes I: Three hours
Prerequisite: ACC 204 (may be taken concurrently with ACC 204 with the permission of the Department Head and instructor)
A study of federal income tax laws with particular emphasis on the preparation and filing of individual tax returns. Research Institute of America's tax CD ROM program is employed to introduce and enhance students' ability to research.
373. Cost Accounting: Three hours
Prerequisite: ACC 204
Basic theory and procedures involving cost determination, analysis, and control. A study of accounting for costs of manufacturing a product or rendering a service with attention given to job order, process, and standard cost systems including allocation of cost and application of overhead. Also covers the relationship of cost accounting to the budget process.
374. Managerial Accounting: Three hours
Prerequisite: ACC 204
An analysis of financial statements, costs, and budgeting as they relate to the management objectives of planning and control.
410. Advanced Accounting: Three hours
Prerequisite: ACC 309
A study of the accounting for business combinations and preparation of consolidated corporate financial statements including presentation of branches and segments. Accounting for partnerships, foreign currency transactions and foreign currency translation, and other complex financial accounting problems are also covered.
420. Auditing: Three hours
Prerequisite: ACC 204 (may be taken concurrently with ACC 204 with the permissions of the Department Head and instructor)
A study of the theory of auditing, the legal and ethical responsibilities of an auditor, and the performance of assurance services. Emphasis will be placed on material required for the CPA exam related to ethics, audit management, internal control, gathering evidence, and auditors’ reports. Presents the practice of external and internal auditing from a risk-based perspective.
421. Advanced Auditing: Three hours
Prerequisite: ACC 420
Conceptual and critical analysis of varying audit techniques, data collection methods and audit evidence. Includes relevant case study, preparation and discussion. Particular emphasis is given to the ethical responsibilities of the auditor.
470. Federal Income Taxes II: Three hours
Prerequisite: ACC 204, ACC 370
A study of federal income tax law with emphasis on corporation, partnership, estate, and trust tax returns. Research Institute of America's tax CD ROM program is employed to introduce and enhance students' ability to research.
471. Internship: Three hours
Prerequisite: Approval of the Department Head
Application and one page proposal describing the nature, location, and duration of the desired internship should be submitted to the Department Head at least three months in advance. Internship guidelines and procedures stated elsewhere in this catalog will be followed.
480. Accounting and Fincancial Reporting for Tax-Exempt Organizations: Three hours
Prerequisite: ACC 203 and ACC 204 and BUS 339
This course will cover the key accounting financial and tax reporting, and control principles for tax-exempt organizations.
490. Capstone: Three hours
Prerequisite: Senior Status in Accounting Program
A capstone course that reinforces accounting concepts, principles, methods, and regulations in students preparing to sit for the Certified Public Accounting examination. Subjects covered include financial accounting, auditing, government and not-for-profit accounting, business law, taxation, and managerial accounting.