Accounting Course Description(s)
ACCT2060 Financial Accounting (3)
An introduction to financial accounting in business. Topics include basic terminology, mechanics, theoretical framework of double-entry bookkeeping and preparing financial statements for external reporting. Emphasis is placed on creating the financial statements and includes topics related to inventory, receivables, long term assets, stocks and bonds.
ACCT2070 Managerial Accounting (3)
An introduction to managerial accounting in the business world. Course will explore decision-making models in factory and service organization settings. Topics include cost flows in a factory environment, cost-behavior patterns, break-even analysis, lease or buy, make or buy, and business contraction and expansion of product lines. Considers the time value of money and covers financial statements for internal use and the statement of cash flows. Computer applications will be used throughout the course. Prerequisites: ACCT2060, or instructor's approval.
ACCT3010 Income Taxation (3)
Course will include study of the theory and application of the Federal Internal Revenue Code, regulations, revenue rulings, revenue procedures and cases to individuals and sole proprietorships. Property transactions are covered together with the topics of gross income, deductions from gross income and losses, itemized deductions, losses and bad debts, employee expenses and deferred compensation, depreciation, cost recovery (ACRS and MACRS), depletion, amortization and inventory costs, non-taxable exchanges, section 1231 gains and losses, tax credits, and special tax computation methods. Offered: Alternate years Prerequisites: ACCT2070, or instructor's approval.
ACCT3040 Cost Accounting (3)
Course includes an in-depth study of cost accounting with a managerial emphasis. Topics include a review of ACCT2070 (Managerial Accounting) and job-order costing systems, process costing systems, standard costs, cost behavior, direct (variable) costing, joint-product costing systems, cost of by-products, cost allocation methods, and accounting for waste and spoilage. Offered: Alternate years Prerequisites: ACCT2070, or instructor's approval.
ACCT3094 Special Topics in Accounting (1-3)
This course is designed to address specific accounting topics as designated by the Instructor of Record and approved by the Department Chair and/or Dean.
ACCT3510 Intermediate Accounting I (3)
Course includes a detailed study of the conceptual (theoretical) framework of external financial reporting and the financial statements utilized in external reporting (except the statement of cash flows) and an in-depth study of certain current and non-current assets and liabilities. Topics include: basic theory, the income statement and statement of changes in retained earnings, the balance sheet, time value of money, cash and accounts receivable, inventories, fixed assets and depreciation, intangible assets, and current liabilities. Prerequisites: ACCT2070, or instructor's approval.
ACCT3520 Intermediate Accounting II (3)
A continuation of the study of certain current and long-term assets and liabilities begun in ACCT3510. Topics include long-term liabilities, stockholders' equity, dilutive securities and earnings per share calculations, temporary and long-term investments, and computer spreadsheet applications. Accounting for pensions and post-retirement benefits, leases, statement of cash flows, and full disclosure will also be covered. Prerequisites: ACCT3510, or instructor's approval.
ACCT3960 Internship in Accounting (2-3)
On-the-job accounting experience involving decision-making and problem-solving techniques, skills, and knowledge acquired in the classroom. This experience is under the supervision of both an accountant and professor. Internship in Accounting will be a pass/fail grade and will be determined by the instructor.
ACCT4020 Auditing (3)
A study of professional ethics, accountants' legal liability, internal control, evidence, reporting, and an introduction to statistical sampling and EDP auditing. Topics include general, field work and reporting standards, as well as selected statements on auditing standards. An audit case is required. Offered: Alternate years Prerequisites: ACCT3520, or instructor's approval.
ACCT4510 Advanced Financial Accounting (3)
An in-depth study of business combinations and consolidated financial statements from a financial reporting perspective. Topics include theory of business combinations (APBs 16, 17 and 18) and accounting for business combinations under the pooling or purchase method. Course will explore statutory mergers, statutory consolidation, acquisition of assets, acquisition of stock, consolidated financial statements at date of acquisition or subsequent to date of acquisition, and special inter-company transaction eliminations in consolidations. Offered: Alternate years Prerequisites: ACCT3520, or instructor's approval.