ACC-0100 Financial Accounting I
An introduction to
the theory and fundamental concepts of the financial reporting process
in modern business organizations. The course focuses on the accrual
method of accounting and an introduction to GAAP theory. Topics covered
include analyzing and recording business transactions, periodic
determination of income and financial position, and preparation and
understanding of financial statements. Offered fall semester. 3 credits.
ACC-0101 Financial Accounting II
continuation of Financial Accounting I with a more detailed study of
the components of financial statements with greater emphasis on the
presentation of financial information to external users in the
framework of the corporate form of entity. Prerequisite: ACC-0100.
Offered spring semester. 3 credits.
ACC-0200 Managerial/Cost Accounting
course that focuses on providing information to managers through the
use of internal applications of accounting. Topics include job-order
costing, process costing, cost-volume-profit relationships, variable
costing, profit planning, standard costing, flexible budgets, and
overhead analysis. Prerequisite: ACC-0101. Offered fall semester. 3
ACC-0210 Intermediate Accounting I
An in-depth analysis and study of generally accepted accounting
principles and their application. Students are exposed to the
components of and relationships among the balance sheet, income
statement, and statement of cash flows. There is a strong emphasis on
current professional pronouncements and topical issues. Prerequisite:
ACC-0101. Offered fall semester. 3 credits.
ACC-0220 Intermediate Accounting II
A continuation of the in-depth study of accounting principles and
practices (begun in ACC-0210) with emphasis on profit determination and
valuation of capital, intangible assets, liabilities, and stockholders’
equity. Emphasis on the statement of cash flows, equity measurement,
and financial statement analysis. Prerequisites: ACC-0210. Offered
spring semester. 3 credits.
A study of the Generally Accepted Auditing Standards employed in the
audit of financial statements. Internal control procedures and
applications are examined as a foundation for the evaluation of a
company’s reporting process. Topics covered include the professional
standards governing the profession, the auditor’s legal
responsibilities, fraud and applicable case law, and government
regulation. Auditing techniques including use of statistical sampling,
technology and procedural testing, and components of audit risk and
testing will also be discussed. Prerequisite: ACC-0220. Offered spring semester. 3 credits.
ACC-0410 Federal Income Taxes
introduction to the income tax theory, law, and application. Study
includes determination of gross income, taxable income, deductions,
gains and losses, and tax liability. Emphasis is on individual tax
planning and preparation of tax returns. Business and accounting
majors, juniors, and seniors. Prerequisite: ACC-0101. Offered every
other year, fall semester. 3 credits.
ACC-0450 Advanced Accounting I
study of the theories and methodologies used in specialized areas of
accounting. Topics to be covered include the role of the SEC,
accounting theory updates, partnership accounting, accounting for
leases, pension accounting, fund accounting concepts for both
governmental units and not-for-profit institutions, and an introduction
to consolidation theory. Required for accounting majors. Prerequisites:
ACC-0210 and ACC-0220. Offered spring semester. 3 credits.