Accounting Course Descriptions
Accounting Course
Descriptions
ACCT 211 Principles of Accounting I (3)
Prerequisite: Placement in MATH 120. Exploration of the nature of accounting
information and the environment in which it is developed and used. Topics covered
include procedures used to record, classify and summarize business transactions
in accounting records; measurement of business income; internal control; and
preparation and uses of financial statements. (Fall Semester)
ACCT 212 Principles of Accounting II (3)
Prerequisite: ACCT 211. Comprehensive coverage of basic accounting
information. Topics focus on issues which primarily affect corporations, including
organization, operations, stockholders' equity, special liabilities, investments
in corporate securities, federal income taxes, cash flows, and financial statement
analysis. (Spring Semester)
ACCT 301; 302 Intermediate Accounting I and II (3; 3)
Prerequisite: ACCT 212. A comprehensive study of accounting theory
and practice, with special attention given to FASB Statements and Opinions.
Issues related to asset and liability valuation, income determination, and the
presentation and interpretation of financial statements will be analyzed. Computerized
practice sets required. (Fall Semester; Spring Semester)
ACCT 304 Managerial Accounting (3)
Prerequisite: ACCT 211. A course dealing with management's efforts
to achieve a company's objectives through planning and control, including overhead,
materials, and labor. Job order systems, process cost systems, cost identification
and determination, and accumulation procedures are also considered. Practice
set material may be required at the teacher's direction. (Available only through
the Adult Evening Program)
ACCT 308 Cost Accounting (3)
Prerequisite: ACCT 212; Recommended: MATH 120. Comprehensive study
of the technical aspects of cost accounting systems with emphasis on process
cost systems. The more quantitative aspects of management are covered including
decision-making under uncertainty, cost behavior and regression analysis, and
yield variances. (Fall Semester)
ACCT 309 Managerial Accounting (3)
Prerequisite: ACCT 308. Study of accounting as a managerial tool in
the planning and control cycle. Special attention is given to cost-volume-profit
relationships, job-order costing, budgeting, standard costing, capital budgeting,
cost behavior patterns, transfer pricing, and divisional performance measurement.
(Spring Semester even years)
ACCT 321 Income Tax I (3)
Prerequisite: ACCT 212. Comprehensive coverage of the fundamental concepts
in federal income taxation with an emphasis on individual taxation. Topis include
the statutory basis of tax law, determination of income, deductions, losses,
credits and tax liability, and property transactions. The Internal Revenue Code
and Treasury Regulations are an integral part of this course. (Fall Semester
odd years)
ACCT 322 Income Tax II (3)
Prerequisite: ACCT 321. Comprehensive coverage of the fundamental concepts
in federal income taxation with an emphasis on partnership, corporate, gift,
trust, and estate taxation. Corporate and partnership topics include the determination
of income, deductions, losses, credits, and tax liability; liquidating and nonliquidating
distributions; acquisitions and reorganizations; estate planning mechanisms;
and related special issues. The Internal Revenue Code and Treasury Regulations
are an integral part of this course. (Spring Semester even years)
ACCT 325 Accounting Information Systems (3)
Prerequisite: ACCT 212. Study of the planning, implementation, operation,
and analysis of electronic data processing systems in accounting and the use
of the information for financial reporting and control. Flowcharting will be
emphasized. Computerized practice set required. (Spring Semester odd years)
ACCT 327 Fund Accounting (3)
Prerequisite: ACCT 212. In-depth coverage of the fundamental accounting
principles applicable to government, hospitals, schools, and other non-profit
organizations. Topics include budgetary accounting and the analysis and interpretation
of non-profit financial statements. Pronouncements of the Governmental Accounting
Standards Board (GASB) will be emphasized. (Spring Semester even years)
ACCT 405 Auditing (3)
Prerequisite: ACCT 302. Study of the nature and purpose of auditing
and related public accounting work, including generally accepted auditing standards.
Emphasis on auditing in the electronic data processing (EDP) environment. Current
professional standards and ethics of the auditor will be included. (Fall Semester
odd years)
ACCT 410 Auditing Problems and Cases
Prerequisite: ACCT 405. An examination and in-depth study of special
auditing topics such as statistical sampling, professional ethics, EDP auditing,
legal liability, and SEC accounting. The case method will be utilized. (Offered
as needed)
ACCT 421 Advanced Accounting (3)
Prerequisite: ACCT 302. Study of the accounting problems associated
with consolidating and consolidated financial statements, segment reporting,
partnerships, businesses in financial difficulty, estates and trusts, home office
and branch relationships. (Fall Semester even years)
ACCT 449; 450 CPA Review Problems (3, 3)
Prerequisite: ACCT 421. A course designed to study accounting theory
and practice with specific attention to CPA examinations. Course is designed
for students intending to sit for the CPA examination. Available to others by
permission of the instructor. (Fall and Spring Semesters)
ACCT 494 Selected Topics in Accounting (1-3)
A current advanced topic in accounting will be explored. (Offered as needed)
ACCT 495 Independent Study in Accounting (1-3)
Study on an independent basis in collaboration with the instructor on a topic
in accounting at the upper division level. (Offered as needed)
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