Bachelor of Science in Accounting

ACCOUNTING COURSE OFFERINGS

ACCT 201 PRINCIPLES OF ACCOUNTING I - Three hours; 3 credits.
This is an introductory accounting course with a focus on financial accounting. It introduces the accounting cycle that includes the double entry system for recording transactions, adjusting and closing entries, and preparation of financial statements. The accounting topics for merchandising activities, assets valuation, and current liabilities are discussed. Prerequisites: ENGL 101, INSS 141 and MATH 113 with grade of C or better. (FALL, SPRING).

ACCT 202 PRINCIPLES OF ACCOUNTING II - Three hours; 3 credits.
This course is a continuation of ACCT 201 with a focus on financial accounting for the first half of the course and a focus on managerial accounting during the second half of the course. Behavioral and ethical issues are covered in general and specifically with the budgeting and control chapters. Multinational differences are noted (e.g., non capitalist countries rely more on managerial accounting than on financial accounting due to differences in sources of capital). Prerequisite: ACCT 201 with grade of C or better. (FALL, SPRING).

ACCT 300 COST & BUDGETARY CONTROL - Three hours; 3 credits.
The course provides in-depth coverage of cost behavior, product costing, cost-volume-profit analysis, budgeting, cost structures for variance analysis, direct costing, activity based costing and special managerial decisions. The design, interpretation and identification of opportunities and methods for improving costs and performance are discussed. Prerequisite: ACCT 202 with grade of C or better. (FALL, SPRING).

ACCT 307 MULTINATIONAL ACCOUNTING - Three hours; 3 credits.
This course addresses how the internationalization of capital markets and the dramatic increase in the foreign direct investments of multinational enterprises have increased the need for relevant, timely and comparable information about the activities of business enterprises having operations in more than one nation. This course describes some of the historical and current developments that push for commonality in accounting and reporting standards at national, regional, and international levels. The cultural and perceived ethical differences relative to accounting and reporting are examined. Prerequisite: ACCT 300 with grade of C or better. (SPRING).

ACCT 308 ACCOUNTING INFORMATION SYSTEMS - Three hours; 3 credits.
(Formerly, this course was ACCT 408.) This course studies accounting systems that include the events and the stops of the accounting cycle, from source documents to the preparation of financial statements, both manual and computerized. Additional topics covered are internal controls, the impact of technology on accounting systems, data management and e-commerce. The course stresses problem solving, critical thinking, and computer application skills. The course also provides hands-on experience with accounting, flowcharting, and database software. Prerequisites: ACCT 202 and INSS 360 with grade of C or better. (FALL, SPRING).

ACCT 310 HOSPITALITY MANAGEMENT ACCOUNTING - Three hours; 3 credits.
This course is open to NON ACCOUNTING majors only. The course focuses on accounting in the hospitality industry. Accounting concepts, statements and principles are discussed relative to the accounting cycle. Financial and managerial accounting techniques and processes applicable to the measurement and management of assets and liabilities are covered. Ethics, global diversity and technology as they relate to hospitality management are introduced. Prerequisite: ACCT 201 with grade of C or better. (FALL).

ACCT 320 FEDERAL INCOME TAXATION I - Three hours; 3 credits.
This course provides an explanation of the Federal tax structure and principles. The focus is on individual tax issues and planning from a domestic and international perspective. Prerequisite: ACCT 202 with grade of C or better. (FALL, SPRING).

ACCT 321 FEDERAL INCOME TAXATION II - Three hours; 3 credits.
Federal income taxation of partnerships, corporations, S-corporations, estates and trusts, gifts, installment sales, and tax research. Prerequisite: ACCT 320 with grade of C or better. (SPRING).

ACCT 331 INTERMEDIATE ACCOUNTING I - Three hours; 3 credits.
The course gives an intense coverage of financial accounting theory and practice, including, the conceptual framework underlying financial accounting, statement of income and retained earnings, balance sheet and statement of cash flows, cash and receivables, inventory valuation, and revenue recognition alternatives.
Prerequisite: ACCT 202 with grade of C or better. (FALL, SPRING).

ACCT 332 INTERMEDIATE ACCOUNTING II - Three hours; 3 credits.
The course covers a continuation of accounting theory and practice including accounting for property, plant, equipment, natural resources, intangible assets, current and long-term liabilities, contributed capital, retained earnings, dilutive securities, EPS calculations and temporary and long-term investments.
Prerequisite: ACCT 331 with grade of C or better. (FALL, SPRING).

ACCT 401 ADVANCED FINANCIAL ACCOUNTING - Three hours; 3 credits.
This course provides an in-depth coverage of accounting concepts, principles, and procedures applicable to partnerships; contemporary financial accounting theories and practices for complex business entities; mergers and consolidated financial statements; fundamental aspects of international accounting principles; and analytical approaches to aid the solution of complex accounting problems.
Prerequisite: ACCT 332 with grade of C or better. (FALL, SPRING).

ACCT 402 GOVERNMENTAL & NON-PROFIT ACCOUNTING - Three hours; 3 credits.
Accounting principles, concepts, and practices in municipal and other governmental units are covered with emphasis on fund accounts. The related budgetary and encumbrance procedures are included. The use of fund and financial accounting principles and practices relative to non-profit hospitals, colleges/universities, and associations receive particular attention. Prerequisite: ACCT 332 with grade of C or better. (FALL, SPRING).

ACCT 406 AUDITING - Three hours; 3 credits.
This course is an examination of the concepts and principles underlying the financial statement examination and review process. Risk exposures along with procedures for managing risk, which include ethical and international issues, are studied. Prerequisite: ACCT 332 with grade of C or better. (FALL, SPRING).

ACCT 480 VOLUNTEER INCOME TAX ASSISTANCE (VITA) - One hour; 1 credit.
This course provides field work in the preparation of individual income tax returns (State and Federal) covering topics of gross income, deductions and credits.
Prerequisite: ACCT 320 with grade of C or better or permission of instructor. (SPRING).

ACCT 497 ACCOUNTING INTERNSHIP/COOPERATIVE EDUCATION - Two hours; 2 credits.
This course provides an opportunity for students to broaden their educational experience through supervised work assignments in the accounting area with an accounting firm, corporation or government agency. Registration requires the approval of the Department Chairperson.

REQUIREMENTS FOR A MINOR IN ACCOUNTING
For business students desiring a minor in accounting, four additional accounting courses beyond the business core are required: Intermediate Accounting I, Cost Accounting, and any two of the following: Accounting Information Systems, Income Tax Accounting, Intermediate Accounting II and Auditing.