Department Program Courses Registration Resources Careers The Ledger |
|
ACC 101 – Introductory Accounting with Lab (Part I) 1 semester, 3 credits The initial accounting course introduces the basic elements of accounting and the role of accounting in business and society. The course explores the financial statements as the primary means of communicating information to external users. The preparation, meaning, and interpretation of the financial statements are emphasized. Fundamental issues in accounting for current and non-current assets are studied in depth. Basic accounting terminology and procedures are presented as a foundation for further studies in accounting and finance. The lab component introduces the computer as a tool to develop, present, and communicate solutions to accounting and business problems.
|
|
ACC 102 – Introductory Accounting with Lab (Part II) 1 semester, 3 credits This course is a continuation of ACC 101. The course emphasizes fundamental topics in the accounting for debt and equity. The various forms of business organization are discussed. The preparation and content of the financial statements, including the statement of cash flows, are studied. The course extends the concepts of financial accounting to internal reporting issues, specifically in areas of analysis, planning, and control. Topics include cost-volume-profit analysis, manufacturing cost flows, and cost estimation. The lab component continues the development of analytical and presentation skills using the microcomputer and introduces accounting information systems, both manual and computerized. Prerequisite: ACC 101 or 103.
|
|
ACC 103 – Financial Accounting 1 semester, 4 credits This course is a one-semester course intended for students who are not majoring in accountancy or finance. Topics covered in ACC 101 and ACC 102 are introduced from a user's perspective with a focus on reading and understanding information presented in basic financial statements. The accompanying microcomputer lab introduces the student to the tools used to summarize and analyze financial information. Not open to Accountancy and Finance majors.
|
|
ACC 201 – Intermediate Accounting I 1 semester, 3 credits This course begins with an exploration of the conceptual framework of financial accounting as the theoretical foundation for addressing external reporting issues. The application of accounting theory in financial statements, income and expense recognition, and asset valuation and disclosure relative to current and long-term assets are considered in detail. Significant attention is given to the interpretation of financial information and practical causes and implications of financial reporting practices. Prerequisite: ACC 102.
|
|
ACC 202 – Intermediate Accounting II
|
|
ACC 301 – Cost Accounting 1 semester, 3 credits This course focuses on quantitative tools and analytical techniques used by managers in formulating business strategies. Reporting issues relative to planning and control decisions are heavily explored. Alternative management and accounting methods are studied and their impact on business operations and performance is considered. Prerequisite: ACC 102.
|
|
ACC 302 – Management Accounting 1 semester, 3 credits This course, intended primarily for non-accountancy majors, explores the presentation and utilization of accounting data by internal users in manufacturing and other types of business entities. Accumulation analysis and internal reporting of data as part of the planning and control function of management is emphasized. New methods of cost allocations and inventory controls are also examined with emphasis placed on the use of the microcomputer in the process of internal analysis and reporting. Prerequisite: ACC 102 or 103.
|
|
ACC 305 – Advanced Accounting 1 semester, 3 credits This course emphasizes the application of accounting principles and objectives of financial reporting relative to a variety of entities. The corporate entity is explored in the context of accounting and reporting of stockholders' equity, investments, and earnings per share. Business combinations and consolidations are considered. Accounting and reporting for partnership, governmental units, and not-for-profit entities are surveyed. Prerequisite: ACC 202.
|
|
ACC 350 – Accounting Information Systems 1 semester, 3 credits This course develops an awareness of and appreciation for the role of the accounting information system (AIS) in achievement of organizational objectives. It explores, in detail, several typical AIS application subsystems, such as revenue/receivables, purchases/payables, inventory, cash receipts/disbursements, and financial planning/reporting. The concepts of risk and control are introduced in the context of the AIS. The course considers the impact of current technology and opportunities provided by and implications of its use in organizations. Techniques used in systems analysis and design are introduced and applied. Prerequisites: ACC 301, 302 or permission of instructor.
|
|
ACC 401 – Federal Income Taxes 1 semester, 3 credits The objective of this course is to provide the student with a basic understanding of Federal taxation in general, and Federal individual income taxation, in particular. The course work includes both manual and computer-assisted research and preparation of individual income tax returns. Tax planning considerations are discussed. A brief introduction to Federal income taxation as it applies to corporations, fiduciaries, and partnerships will also be included. Prerequisite: ACC 101 or 103 or 105.
|
|
ACC 402 – Federal Income Taxes – Advanced 1 semester, 3 credits The emphasis in this course is on Federal income reporting and taxation as it applies to corporations, fiduciaries, and partnerships. As in ACC 401, the course work shall include the preparation of many of the more common types of business reporting and taxation returns. The Federal transfer tax as it applies to estates and gifts will also be discussed. Prerequisite: ACC 401.
|
|
ACC 406 – Taxes and Business Decisions
|
|
ACC 412 – Auditing 1 semester, 3 credits This course develops an understanding and appreciation of the philosophy of the auditing process and the role of internal and external auditing in an organization. The concepts of risk and control, evidence, and documentation are considered. The operational approach of the internal auditor is contrasted with the attestation focus of the external auditor. Ethical issues in the audit environment are considered. Prerequisite: ACC 350 or permission of instructor.
|
|
ACC 470 – Accounting Policy 1 semester, 3 credits This course requires students to integrate, extend, analyze, and apply knowledge gained in the major to demonstrate mastery of the accounting discipline within a liberal arts experience. The course focuses on internal and external reporting issues incorporating concepts from financial accounting, cost/managerial accounting, accounting information systems, advanced accounting, auditing, and taxation. The course is conducted in a seminar format through case analyses and a major research project. Prerequisite: Senior accountancy majors or minors.
|
|
ACC 480 – Accountancy Internship 1 semester, 3 credits Offers credit to students participating in department approved internships in for-profit or not-for-profit organizations or governmental agencies. Provides the student with a valuable experiential learning opportunity. Academic assignments, as specified in the accountancy internship contract, must be completed. Departmental approval required.
|
|
ACC 490 - Independent Study in Accounting |
