Accounting - Undergraduate Courses

Accounting Course Descriptions

ACC 201
Principles of Accounting I 3 credits
Prerequisite: Sophomore standing.
An introduction to the preparation and analysis of financial statements, Specific topics include the accounting model, general purpose financial statements and accounting for assets, liabilities, and equity.

ACC 202
Principles of Accounting II 3 credits
Prerequisite: ACC 201.
A continuation of ACC 201 and an introduction to the use of accounting information for management decision making. Specific topics include determining cash flows, international accounting, product costing, budgeting and other concepts of management accounting.

ACC 307
Financial Statement Analysis 3 credits
Prerequisite: ACC 202.
This course adopts a user perspective and focuses on the understanding and use of corporate annual reports as a primary source of accounting information. An emphasis is put on the importance of such topics as cash flow, ratio analysis and consolidations. (This course is not open to accounting majors.)

ACC 311
Financial Accounting I 3 credits
Prerequisite: ACC 202.
Accounting theory principles and practices underlying the earnings statement, retained earnings statement, statement of financial position and statement of cash flows. Emphasis is given to the measurement, valuation and reporting of assets and liabilities and their effect on earnings determination.

ACC 312
Financial Accounting II 3 credits
Prerequisite: ACC 311.
Continues the study begun in ACC 311 of accounting theory, principles and practices underlying the financial statements. Emphasis is given to the measurement, valuation and reporting of liabilities and stockholders equity and their effect on earnings determination. Complex topics considered include leases, pensions and other employee retirement benefits, deferred income taxes and earnings per share. In addition, international differences in a few accounting areas are briefly discussed.

ACC 331
Cost Accounting Systems and Procedures 3 credits
Prerequisite: ACC 202.
This course provides a theoretical and practical knowledge of cost accounting systems and procedures. Emphasis is placed on cost terminology, costing systems, cost-volume-profit analysis, budgeting, activity-based costing, accounting for quality costs and nonfinancial peformance measures.

ACC 350
Accounting Information Systems 3 credits
Prerequisites: CIS I00, ACC 202.
Concepts of responsive information systems. The accounting-user viewpoints are stressed. Topics include: data base concepts, internal control, technology of information systems, use of system techniques, accounting information application, management use of information, management of information systems, systems analysis and design, and auditing of accounting information systems.

ACC 413
Financial Accounting III 3 credits
Prerequisite: ACC 312.
A critical examination of the accounting theory and practices involved in a select number of advanced accounting topics. These topics will include accounting for business combinations and consolidations, governmental/fund accounting, non-for-profits, accounting for international transactions and global enterprises. Other topics might include such items as branch accounting, partnerships, or segment accounting.

ACC 430
Federal Income Taxation I 3 credits
A study of the basic principles for the determination of taxable income as established by Congress, the Internal Revenue Service, and the courts. The areas of gross income, capital gains, adjusted gross income, exemptions, and both personal and business deductions are emphasized with a primary focus on individual taxation.

ACC 440
Federal Income Taxation II 3 credits
Prerequisite: ACC 430.
An examination of the basic tax principles applying to corporations, partnerships, estates, and trusts. Primary emphasis will be placed on the taxation of corporations and partnerships.

ACC 451
Auditing 3 credits
Prerequisites: ACC312, ACC350, and MTH214.
A study of the standards, procedures, and theories of independent and internal auditing with primary emphasis upon financial statement examinations by CPAs. Subjects include: the nature and scope of auditing, auditing standards and procedures, code of conduct, internal control, and other professional and technical auditing considerations.

ACC 495
Directed Studies in Accounting 3 credits
Prerequisites: ACC312 and approval of instructor and program director.
An intensive study of special topics in accounting directed by members of the regular faculty.