*The correct beginning sequence for accounting courses is
ACCT 2305 and then ACCT 2306 or as an alternative ACCT 3307 and then ACCT 3308.
*ACCT 2305. Principles of Accounting I - Fundamental principles of accounting applied to
individual proprietorship; journals, ledgers, working papers, adjusting and closing entries,
financial statements, deferrals, accruals, plant and intangible assets, and accounting systems. Credit will not be awarded toward degree for both ACCT 2305 and ACCT 3307. Prerequisite: MATH 1304 or consent of School of Business
*ACCT 2306. Principles of Accounting II - Accounting for partnerships and corporations.
Fixed assets, depreciation, depletion, amortization, bonds, sinking funds, reserves, control
accounting, and decision-making. Credit will not be awarded toward degree for both ACCT
2306 and ACCT 3308. Prerequisite: ACCT 2305.
ACCT 3305. Intermediate Accounting I - Accounting of financial statements, depreciation,
depletion, intangible assets, stocks and bonds, cash and receivables, inventories, investments, and installment sales. Prerequisite: ACCT 2306.
ACCT 3306. Intermediate Accounting II - Pensions and leases, paid-in capital, retained earnings, correction of errors: statements from incomplete data, financial statements, reporting price changes, financial statement analysis, and measurements of liquidity and profitability. Prerequisite: ACCT 3305.
*ACCT 3307. Financial Accounting - An overview of financial accounting covering the
accounting cycle and related items for business entities. Other topics include current assets and liabilities, long-term assets and liabilities, statement of cash flows, internal control, accounting ethics, and financial statement analysis. Credit will not be awarded toward degree for both ACCT 2305 and ACCT 3307. Prerequisite: MATH 1304 or consent of School.
*ACCT 3308. Managerial Accounting - An overview of managerial accounting including,
but not limited to, activity-based costing, costs for decision-making, budgeting, controlling,
product costing, inventory management tools, quality costs, and cost-volume-profit analysis.
Credit will not be awarded toward degree for both ACCT 2306 and ACCT 3308. Prerequisite:
ACCT 3307.
ACCT 4305. Auditing - Auditing principles, techniques, and procedures; professional ethics
and legal responsibility; the audit program; fieldwork; and the audit report. Prerequisite: ACCT 3306 or concurrent enrollment.
ACCT 4306. Cost Accounting - Job and process cost accounting, dealing with determining,
reporting, analyzing, and controlling the cost of a particular process, job, service, unit, or
department. Prerequisite: ACCT 2306.
ACCT 4307. Public Sector Accounting - Budgetary projection, planning implementation, and
performance reporting using fund accounting. Budgetary processes of federal, state, and local
units and other non-profit organizations are compared. Sources of public revenues and public
limitations on usage are also treated. Prerequisite: ACCT 3305.
ACCT 4308. Federal Income Tax I - Computation and reporting of ordinary income, capital
gains and losses, and exclusion and reductions applicable principally to individuals.
Prerequisites: ACCT 2305 and 2306.
ACCT 4309. Federal Income Tax II - Modern business organization with attention to financial
problems and tax laws applicable to corporations. Prerequisite: ACCT 4308.
ACCT 4312. Advanced Accounting Problems - Accounting for consolidated statements,
combinations and mergers, special sales contracts, consignments, special problems in income and tax reporting, and fiduciary accounting. Prerequisite: ACCT 3306 or concurrent enrollment.
ACCT 4316. Selected Topics in Accounting - An examination of a topic not covered by other
accounting offerings, or not covered in the same depth. The topics offered will change with the
interests of the instructor offering the course and must be approved by Dean of the School of Business.. This course may be repeated once for credit, providing that the two courses cover different topics. This is not a directed reading; rather, it is a provision for covering an important topic that is not currently a permanent part of the catalog.
ACCT 4325. Global Decision Making - Study of four major areas including financial
accounting and managerial accounting for multinational corporations, international tax, and
comparative accounting systems.
ACCT 4346. Accounting Information Systems - Theories, procedures, and techniques of
accounting information systems for organizations. Prerequisites: ACCT 2305 and 2306; or
ACCT 3307 and 3308. $50 fee.
ACCT 5301. Managerial Accounting - The presentation, analysis, and interpretation of
accounting data for use in planning, organizing, actuating, and controlling activities.
Prerequisites: ACCT 2305 and 2306, or ACCT 3307 and 3308.
ACCT 5308. Federal Income Tax I - A study in detail of certain provisions of the Internal
Revenue Code, combined with intermediate tax planning in individual and partnership transactions. Prerequisite: ACCT 2305 and 2306.
ACCT 5309. Federal Income Tax II - Continuation of ACCT 5308 with intermediate tax
planning for corporations, estates, gifts, and trusts. Prerequisite: ACCT 5308.
ACCT 5316. Selected Topics in Accounting - An examination of a topic not covered by other
accounting offerings, or not covered in the same depth. The topics offered will change with the
interests of the instructor offering the course and must be approved by Dean of the School of Business. . This is not a directed reading; rather, it is a provision for covering an important topic that is not currently a permanent part of the catalog. Prerequisite: ACCT 2305 and 2306.
ACCT 5320. Accounting for Global Decision-Making - This course examines the evolving
nature of managerial accounting practice in a rapidly changing global environment. Special
consideration is given to unique problems faced by United States business concerns with
respect to developing and utilizing effective managerial accounting. Prerequisite: ACCT 2305
and 2306.