Accounting Course Descriptions

ACCT 211           Principles of Accounting I                                                                                     3 Semester Credit Hours

Introduction to financial accounting for business. Identifies and uses the terms in the accounting equation to analyze transactions and events. Examines assets, liabilities, owner’s equity, revenue and expense accounts included in the balance sheet and income statement of uncomplicated business. Prerequisite: Sophomore status. Offered every Fall.

 

ACCT 212            Principles of Accounting II                                                                                    3 Semester Credit Hours

Introduction to the accounting information used by managements of organizations for decision-making purposes. Topics covered include: cost-volume-profit (CVP) analysis, decision-making, responsibility accounting and financial statement analysis. Prerequisite: ACCT 211. Offered every Spring.

 

ACCT 311            Intermediate Accounting I                                                                                    3 Semester Credit Hours

The first of two courses which reviews financial accounting principles and the financial accounting process of a business. Examines in detail the accounts in the balance sheet and income statement and the cash flow statement and statement of changes in equity required for a complex business. Also includes an analysis of the footnote disclosure requirements for various transactions entered into by businesses. Prerequisite: ACCT 212. Offered every Fall.

 

ACCT 312            Intermediate Accounting II                                                                                   3 Semester Credit Hours

A continuation of ACCT 311 which examines financial accounting and reporting topics related to the balance sheet, income statement, cash flow statement and statement of changes in equity included in a company’s annual report. Includes accounting for debt, leases, income taxes, pensions, changes in accounting principles/estimates, EPS calculations and disclosure requirements. Emphasis on compliance with GAAP. Prerequisite: ACCT 311. Offered every Spring.

 

ACCT 313            Cost Accounting                                                                                                       3 Semester Credit Hours

Using the financial accounting system of a manufacturing firm, examines the cost accumulation process, job order and process costing, and standard costing. Examines the process of setting standards and the impact of standards on employee behavior and the organization. Analyzes how companies make capital budgeting decisions and how companies allocate the cost of service departments to operating departments. Prerequisite: ACCT 212. Offered every Spring.

 

ACCT 317            Managerial Accounting                                                                                          3 Semester Credit Hours

Review and extension of material in ACCT 212. Includes cost accumulation, decision making, transfer pricing, responsibility accounting, cost-volume-profit (CVP) analysis, and operational budgeting. Uses CVP models to evaluate possible management actions and forecast the impact of those actions on total company profit. Considers possible emotional and behavioral responses of employees. Prerequisite: ACCT 212. Offered every Fall.

 

ACCT 395            Internship                                                                                                               1-3 Semester Credit Hours

Designed to provide “hands-on” experience in which a student works for a sponsoring organization/company in either the public or private sector under the supervision of a faculty member. Subject to approval by the faculty, a student may be eligible for an internship for a position he/she currently holds. Students may earn up to 6 credit hours of internship. Prerequisites: Junior standing, at least 12 semester hours of accounting, overall and accounting GPA of 3.00 or better and approval of the program director. Offered every semester.

 

ACCT 400           Contemporary Topics in Accounting                                                              1-3 Semester Credit Hours

Courses in accounting of a professional nature for credit and specialized courses reflecting the changes in the accounting profession – designed to update the discipline. Offered on an irregular basis.

 

ACCT 411            Advanced Accounting                                                                                             3 Semester Credit Hours

A comprehensive study of business combinations, consolidations, the international accounting environment, and foreign currency translations encountered in publicly held corporations. CPA review problems pertaining to the course are covered. Prerequisite: ACCT 312. Offered every Spring.

 


 

ACCT 412            Partnerships and Not-For-Profit Organizations                                             3 Semester Credit Hours

An advanced study of partnership formation, operation, dissolution and liquidation. Fundamental accounting for special sales procedures, governmental units, estates, and trusts. Numerous CPA review problems are included. Prerequisite: ACCT 312. Offered every Fall.

 

ACCT 415            Income Taxation                                                                                                       3 Semester Credit Hours

A study of the practice and theory of accounting for federal income taxation of individuals. CPA review problems pertaining to the course are covered. Prerequisite: ACCT 212. Offered every Fall.

 

ACCT 416            Advanced Taxation                                                                                                  3 Semester Credit Hours

A comprehensive study of federal taxation of non-personal entities. Topics include taxation of corporations, partnerships, gifts, trusts and estates. Prerequisite: ACCT 415. Offered every Spring.

 

ACCT 418            Principles of Auditing                                                                                             3 Semester Credit Hours

The fundamentals of auditing. Adequate practice materials are covered. This course is designed as the final course for the student who is specializing in accounting.  Prerequisite: 12 hours of accounting, including ACCT 312. Offered every Spring.