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2011-2012 Catalog

Instructional Area

Accounting (ACCT)

Instructional Area | Course Numbering System | Course Punctuation

ACCT 2301:        Principles of Financial Accounting
Cr. 3. (3-3-0). Prerequisites: COSC 1301
Introduction to financial statements and their use in decision making. Topics include the accounting cycle; concepts and principles used in recording assets, liabilities, equity, revenues and expenses; internal controls; and basics of accrual basis accounting.
ACCT 2302: Principles of Managerial Accounting
Cr. 3. (3-3-0). Prerequisites: ACCT 2301
Accounting concepts and principles used in managerial planning, control and decision-making. Topics include budgetary planning, control and analysis, responsibility accounting, costing techniques, standard costs, cost-volume-profit relationships and capital budgeting.

ACCT 3311:

Costs and Budgets
Cr. 3. (3-3-0). Prerequisites: ACCT 2301/ 2401 and 2302/ 2402.
A study of basic cost accounting and budgeting principles, costing and decision making models, application of variances analysis for planning and control, and Activity Based Costing.

ACCT 3312:

Intermediate Accounting I
Cr. 3. (3-3-0). Prerequisites: ACCT 3332.
A study of GAAP as it applies to current assets, revenue and expense recognition, current and long term liabilities; and the organization, analysis, and reporting of financial information.

ACCT 3313:

Intermediate Accounting II
Cr. 3. (3-3-0). Prerequisite: ACCT 3332.
A study of GAAP as it applies to long-term liabilities and owner’s equity; selected topics including the statement of cash flows and accounting changes; and the organization, analysis, and presentation of financial information. Course includes a comprehensive computerized financial statement project.

ACCT 3332:

Financial Statement Analysis
Cr. 3. (3-3-0). Prerequisites: ACCT 2301/2401 and 2302/2402.
Develop basic skills in financial statement analysis and appreciate the factors that influence the outcome of the financial reporting process.

ACCT 4300:

Selected Topics in Accounting
Cr. 3. (3-3-0). Prerequisites: 6 s.h. advanced accounting and approval of school dean.
May be repeated when topics vary.

ACCT 4311:

Principles of Federal Income Taxation
Cr. 3. (3-3-0). Prerequisites: ACCT 3332
A study of a broad range of tax concepts and types of taxpayers. Discusses the role of taxation in the business decision-making process; the use of electronic libraries in performing basic tax research and tax planning; professional standards and ethics; and the interrelationship and differences between financial accounting and tax accounting. (Formerly: FEDERAL INCOME TAX I)

ACCT 4320:

Accounting Information Systems
Cr. 3. (3-3-0). Prerequisite: ACCT 3332.
A study of the important roles of accounting information; major components of accounting information systems; internal control; and flowcharting techniques. Discusses the evaluation of internal control and its integration into a computer-based accounting system. (Formerly: ACCOUNTING SYSTEMS)

ACCT 4321:

Cr. 3. (3-3-0). Prerequisites: ACCT 3312 or ACCT 3313.
A study of the auditing process; its legal environment; standards; opinions; and professional ethics.

ACCT 4331:

Advanced Accounting
Cr. 3 (3-3-0). Prerequisite: ACCT 3312 and ACCT 3313.
A study of the preparation of consolidated financial statements; international accounting; foreign currency translations and transactions; SEC regulations of financial reporting; and government and nonprofit financial information. (Formerly: ADVANCED FINANCIAL ACCOUNTING)

ACCT 6300:

Selected Topics in Accounting
Cr. 3. (3-3-0). Prerequisite: ACCT 6351 or equivalent.
May be repeated when topics vary.

ACCT 6351:

Financial Reporting and Analysis
Cr. 3. (3-3-0). Prerequisite: Graduate standing.
As a result of this course, students will be able to analyze and evaluate financial information with respect to profitability and risk of a firm. (Credit will not be given for both ACCT 6351 and ACC 6311.)

ACCT 6352:

Strategic Cost Management
Cr. 3. (3-0). Prerequisites: ACCT 6351
This course emphasizes the integration of cost analysis and strategic analysis. Coverage includes activity based costing, target costing, value chain analysis, performance measurement matrices (e.g., balanced scorecard), strategic positioning, and product life cycle costing and management. (Credit will not be given for both ACCT 6352 and ACC 6315.)

ACCT 6371:

Advanced Auditing
Cr. 3. (3-3-0). Prerequisite: ACCT 4321 or equivalent.
Examination of advanced auditing issues including the study of statistical sampling techniques, auditing through the computer, audits of financial and non-profit institutions, special-purpose reporting situations, compliance auditing for internal, operational and governmental entities. Study of specialized audit case situations and an evaluation of the most current changes and proposed changes in GAAP as it affects the auditor. (Formerly ACC 6322)

ACCT 6372:

Advanced Studies in Taxation
Cr. 3. (3-3-0). Prerequisites: ACCT 4311 or equivalent.
Discusses situations concerning choice of entity and special tax subjects; arriving at conclusions or recommendations that integrate ethical considerations, competent tax research and thoughtful tax planning; preparing a schedule M-1; and preparing tax returns using tax preparation software.

ACCT 6373:

Contemporary Issues in Accounting
Cr. 3. (3-3-0). Prerequisites: ACC 6351
This course is designed to teach students how to stay current in accounting after graduation. This process is known as applied research. The process of applied research starts with identifying a business problem and searching the accounting literature in order to provide a client or firm with a current, relevant, and accurate solution. This process requires judgment, resourcefulness, and critical thinking.

ACCT 6377:

International Accounting
Cr. 3. (3-3-0). Prerequisite: ACCT 6351
Discussion of how basic U.S. accounting rules and financial statement analysis differ from accounting practices in other countries; problems associated with using financial statement analysis for investing decisions; diversity of financial accounting reporting and disclosure practices worldwide; multinational consolidations; foreign currency translation; accounting information systems in the international arena; multinational performance evaluation; transfer pricing; international taxation; and emerging issues in international accounting. (Formerly ACC 6313)