Course Descriptions

ACC201 PRINCIPLES OF ACCOUNTING I (3). An introduction to the fundamentals of accounting theory, accrual accounting, and financial reporting. Includes the study of the accounting for cash, receivables, payables, inventories, plant assets, long-term liabilities and stockholders' equity for service and merchandising firms. Prerequisite: MTH100 or math placement into MTH120 or higher. Each Fall.

ACC202 PRINCIPLES OF ACCOUNTING II (3). A continuation of ACC201. The study of accounting for manufacturing firms and activities. Includes the study of short-term decision making, budgeting, and performance evaluation. In addition, the course examines accounting for cash flows and the analysis of financial statement information. Prerequisite: ACC201. Each Spring.

ACC300 INTERMEDIATE ACCOUNTING I (3). A thorough review of the accounting process and financial statements. In-depth analysis of all asset accounts. Prerequisite ACC202. Each Fall.

ACC301 INTERMEDIATE ACCOUNTING II (3). A continuation of ACC300. Includes an in-depth study of all liability and equity accounts; revenue recognition, accounting for income taxes, earnings per share, statement of changes in financial position, inflation accounting, and financial statement analysis. Prerequisite: ACC300. Each Spring.

ACC309 TAX ACCOUNTING (3). A study of personal and corporate income tax accounting, determining gross income, deductions, credits, tax rates, and capital gains. Prerequisite: ACC202. Each Fall.

ACC349 TOPICS IN ACCOUNTING (3). An in depth examination of a topic in Accounting. May be repeated when topics vary. Offered irregularly.

ACC350 COST ACCOUNTING (3). A study of job-order and process costing, budgeting, responsibility accounting, absorption and direct costing, standard costing, relevant costs, and capital budgeting. Prerequisite: ACC202. Alternate years. Spring 2007.

ACC360 COMPUTERIZED ACCOUNTING SYSTEMS (3). A study of the documentation, design, operation and control of computerized accounting information systems. Emphasis is given to hands-on use of the Internet and PC-based spreadsheet and accounting software. Prerequisites: ACC202; CMS147 recommended. Alternate years. Fall 2007.

ACC401 AUDITING (3). A study of the audit objectives and procedures of the professional auditor; techniques for audit decision internal control, audit evidence, statistical sampling, computerized systems, auditing standards, professional ethics, and legal responsibility. Prerequisite: ACC301, ACC360 and senior standing. Each Spring.

ACC425 ADVANCED ACCOUNTING (3). A study of the accounting procedures for not for- profit entities, government entities, business combinations, and consolidated entities. The course also includes the study of the effects of international operations on financial reporting. Prerequisite: ACC300. Alternate years. Fall 2006.

ACC430 ISSUES IN CONTEMPORARY FINANCIAL REPORTING (3). A study of contemporary and emerging issues in financial reporting. Includes standards formation, professional ethics and responsibilities, and other issues of current interest to financial accountants. The course includes the study of applied professional research using computerized databases. Prerequisites: ACC301, MGT 409 and senior standing. Each Fall.