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2012-2013 Catalog

Instructional Area

Accounting (ACCT)


Instructional Area - Undergraduate | Instructional Area - Graduate | 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 3303:

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 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 3303.
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 3312.
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 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 3303
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 3303.
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:

Auditing
Cr. 3. (3-3-0). Prerequisites: ACCT 3313, which may be taken concurrently.
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 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)