ACCOUNTING COURSES

 

*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 3309. Accounting Theory and Analysis - Traditional and electronic sources of authoritative accounting and tax literature for research into issues relating to wide range of accounting and tax issues. Prerequisite: ACCT 2306.

ACCT 3310. Fraud Prevention - The student will gain an understanding of what forensic
accounting and fraud examination is and how it pertains to both civil and criminal matters.
They will gain basic understanding of the characteristics of fraud, fraud prevention and detection, investigative techniques, assets recovery, and the use of information technology in this interesting and growing profession. The student will be able to identify common fraud schemes and scams. They will learn how to review, detect, and investigate possible financial statement fraud. Prerequisite: ACCT 2306.


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.Taxation of Individuals - focuses on a variety of subjects relevant to the federal income tax law applicable to individuals. Subjects covered include gross income, property transactions, capital gains, depreciation, business and itemized deductions, tax credits, and accounting periods and methods. Prerequisite: ACCT 2305 and 2306.

ACCT 5309. Taxation of Corporations & Other Entities - focuses on more advanced topics applicable to C and S corporations, and partnerships. Students will engage in an assessment activity which will integrate substantive tax issues, researching primary tax authority, ethicalconsiderations for the tax professional, and forms of communication most relevant to tax practices. Prerequisite: ACCT 5308.

ACCT 5310. Forensic Accounting - The student will gain an understanding of what forensic accounting and fraud examination is and how it pertains to both civil and criminal matters. They will gain a basic understanding of the characteristics of fraud, fraud prevention and detection, investigative techniques, asset recovery, and the use of information technology in this interesting and growing profession. The student will be able to identify common fraud schemes and scams. They will learn how to review, detect, and investigate possible financial statement fraud. Prerequisite: ACCT 2306 or consent of school.

ACCT 5311. Estate & Gift Taxation - topic not covered by other accounting offerings, or
not covered in the same depth. Prerequisite: ACCT 2305 and 2306 and approval of the school.

ACCT 5313. Analysis & Use of Financial Statements - focuses on the analysis of information incorporated in financial statements, including the impact of alternative accounting procedures and assumptions. Offers ways to adjust for selected reporting differences. Uses case studies of US and international firms as well as discussions of computer databases and computer-based assignments. Course will include a project based on company and industry of your own choosing.

ACCT 5314. Advanced Auditing - focuses on the environmental, professional, and technical aspects of internal and external auditing. Ethics, auditor’s legal and professional responsibilities, auditor’s report, audit evidence, internal controls, and statistical sampling are studied. Students will use the actual audit standards and practices to understand and evaluate audit situations.

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.