Business: Accounting Department Courses


ACCT 255 – Principles of Financial Accounting, 4 credits. E. An introductory study of financial accounting. The course addresses the preparation of financial information and the communication of that information to interested users, with a focus on the use of financial statements. The course also introduces basic financial accounting theory and develops analytical skills in understanding and using financial information.
ACCT 256 – Principles of Managerial Accounting, 4 credits. E. The second course in accounting focuses on management’s use of financial information. Topics covered include cost category concepts, job order costing, process costing, standard costing, performance analysis, accounting for business segments, and their cost and budgeting. Prerequisite: ACCT 255 – Principles of Financial Accounting
ACCT 331 – Tax Accounting I, 3 credits. E1. This course addresses federal income tax issues that affect business decisions and operations. Students will learn about the nature of taxation, taxaion of business activity, taxation of property transactions, tax issues in comparing and selecting business entity types, tax planning techniques and strategies, and financial accounting for income taxes. Prerequisite: ACCT 256 – Principles of Managerial Accounting
ACCT 355 – Intermediate Accounting I, 4 credits. E1. This course focuses on the development of generally accepted accounting principles as applied to complex transactions of asset and liability valuation and revenue and expense measurement. The emphasis of the course is on the preparation and analysis of accounting information available to investors, creditors and other external users. Prerequisite: ACCT 256 – Principles of Managerial Accounting
ACCT 356 – Intermediate Accounting II, 4 credits. E2. A continuation of ACCT 355 – Intermediate I. This course includes specialized financial accounting issues, such as leases and earnings per share calculations. Prerequisite: ACCT 355 – Intermediate Accounting I
ACCT 360 – Accounting Information Systems, 3 credits. E2. This course presents system design concepts and processes that determine an understanding of basic control structures. Specific accounting cycles and computerized transaction processing systems will be discussed. Control applications for both manual and computerized systems including database systems are presented. Prerequisite: ACCT 356 – Intermediate Accounting II. Open only to accounting majors.
ACCT 366 – Cost Accounting, 4 credits. E2. The development and analysis of cost information for use by management in decision-making, income determination and performance evaluation. Topics covered include: cost allocation, product and service cost methods, cost planning, cost control, and the role of costs in performance evaluation. Prerequisite: ACCT 256 – Principles of Managerial Accounting
ACCT 368 – Tax Accounting, 4 credits. E1. A study of taxation, with emphasis on federal income taxation of individuals and businesses. Topics include the lawmaking and administrative system, tax law and regulations, basic tax planning, and current issues. Prerequisite: ACCT 256 – Principles of Managerial Accounting
ACCT 369 Z – Auditing, 4 credits. E1. This course focuses on the review of financial statements for the purpose of issuing an audit opinion. Topics covered in the course include: audit theory, audit reports, the professional ethics of auditing, internal control, audit sampling and specific procedures for auditing major business cycles. Prerequisite: ACCT 355 – Intermediate Accounting I
ACCT 380 – Special Topics, 2 to 4 credits. D. Courses covering various topics of interest in this particular discipline are offered regularly. Contact department or program chair for more information.
ACCT 390 – Cooperative Education, 1 to 8 credits. E.
ACCT 431 – Tax Accounting II, 3 credits. E2. This course builds upon ACCT 331 – Tax Accouning 1. Course topics include individual taxation, intersections of individual and business taxation, and multiple jurisdiction issues (international, state and local). Students will also build upon planning strategies from ACCT 331, develop tax research skills, and address issues in professional practice and ethics. Prerequisite: ACCT 331 – Tax Accounting I
ACCT 454 – Advanced Accounting, 4 credits. E2. A study of special topics in financial accounting, including (1) financial accounting and reporting issues for government and nonprofit entities; (2) accounting for business mergers and consolidations, subsequent activity, and the resulting consolidated financial statements; (3) International accounting standards and issues. Prerequisite: ACCT 355 – Intermediate Accounting I or consent of instructor
ACCT 480 – Independent Study, 1 to 4 credits. D. This course provides an opportunity for individual students to conduct in-depth research of a particular topic under the direct supervision of a faculty member. Contact the department or program chair for more information.