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Course Descriptions

Accounting

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ACCT 211    
Financial Accounting
3 Semester Hours
This is the first course in a two-accounting-course sequence that is required for all business majors and business minors. This course introduces the student to 1) the role of accounting in business and society, 2) the basic concepts and techniques of financial accounting, and 3) the use of financial statements for decision-making purposes. Topics covered include a summary of the accounting cycle, analyzing and recording transactions, accounting valuation and allocation practices, preparation, interpretation, and analysis of financial statements.

Prerequisite: MATH 111 or 112 or 131 with a minimum grade of C (2.0)

ACCT 212    
Managerial Accounting
3 Semester Hours
This is the second in a two-semester sequence in accounting required of all business majors and is a prerequisite to all other accounting courses. Building on the basic understanding of accounting systems developed in ACCT 211, managerial accounting introduces concepts of cost behavior and analysis, as well as techniques for using operational and financial information within the business firm for decision-making, planning, and control.

Prerequisite: ACCT 211 with a minimum grade of C (2.0) and MATH 112 or 131

ACCT 311    
Intermediate Accounting I
4 Semester Hours
This course begins the in-depth study of financial accounting and reporting. Topics covered include the environment of the standard setting process for financial accounting and reporting, the conceptual framework, accounting cycle procedures, financial statement preparation and financial disclosures, basic ratio analysis, and accounting standards and procedures for cash, notes and accounts receivable, and inventories. Uses and limitations of the balance sheet and the income statement are studied. Researching accounting issues through the use of a database and accounting websites are a course requirement.

Prerequisites: ACCT 212 with a minimum grade of C (2.0) and ISQM 275.

ACCT 312    
Intermediate Accounting II
4 Semester Hours
This course continues the in-depth study of financial accounting and reporting begun in ACCT 311. The conceptual and procedural aspects of some of the most complex and controversial topics in financial accounting are studied. Topics include the accounting for property, plant, and equipment, intangible assets, investments, long-term debt, derivatives, leases, deferred taxes, stock options, error correction, and the statement of cash flows. Coverage of these topics includes an historical perspective, learning the current standards under generally accepted accounting principles, awareness of the flaws and limitations in current practice, and possible future directions.

Prerequisite: ACCT 311 with a minimum grade of C (2.0).

ACCT 313    
Cost Accounting
4 Semester Hours
This course continues the process of analyzing econonic events within the framework of accounting information systems and the use of informaiton in the management decision-making process. Students are expected to analyze and evaluate business operations and activities. The topics will include those of the traditional product costing methinds as well as cost management topics. Advanced topics of decision making structure, together with the measurement of performance, and the new competitive environment are covered during the last part of the semester. This course draws heavily from other disciplines, especially the fields of management and economics.

Prerequisites: ACCT 212 with a minimum grade of C (2.0)

ACCT 314    
Accounting Information Systems
3 Semester Hours
The course introduces students to the fundamentals of accounting information systems including trasaction processing, system documentation techniques, business process, and internal controls. Accounting software and spreadsheets are used to illustrare these AIS fundamentals and to reinforce financial and managerial accounting concepts within the context of an accounting infrmation system.

Accounting majors only, except by permission of instructor.
Prerequisites: ACCT 212 and ISQM 275.

ACCT 405
Accounting Ethics, Professionalism, and the Public Interest
3 Semester Hours

Accountants and the accounting profession play an important role in society. The role is examined in this course through an in-depth study of accounting ethics, professionalism, and the public interest. Students will learn about and analyze the history of the profession; the legal and ethical responsibilities of the profession; important legislation that has impacted the profession and the practice of accounting, particularly auditing; and the current environment in which accountants and auditors work. The course also will expose students to moral reasoning and ethical decision making, and encourage students to adopt the objectivity, integrity, and ethical standards necessary to serve society as an accounting professional.

Accounting majors only, except by permission of instructor.
Prerequisite: ACCT 311.

ACCT 411    
Financial Accounting
4 Semester Hours
This course completes the undergraduate study of financial accounting and reporting. An emphasis is placed on consolidated financial statements. Additional topics covered include foreign currency transactions, translation of the financial statements of foreign entities, governmental accounting for local and state governments, and accounting and reporting of private not-for-profit organizations.

Accounting majors only, except by permission of instructor.
Prerequisites: ACCT 312 with a minimum grade of C (2.0) and 314.

ACCT 412    
Federal Income Taxation
4 Semester Hours
A comprehensive study of federal tax laws and administration with emphasis on the taxation of individuals. In addition, application of the components of the federal income tax formulas for partnerships, corporations, and other business entities will be examined.

Accounting majors/minors only, except by permission of instrctor.
Prerequisite: ACCT 311.

ACCT 416    
Auditing, Assurance, and Attestation
4 Semester Hours
The study of the methodology used by public accountants to obtain and evaluate evidence regarding assertions concerning financial statements and internal controls over financial reporting. Ethical and legal aspects of the auditing profession are examined with special reference to ramifications of the Sarbanes-Oxley Act.

Accounting majors only, except by permission of instructor.

Prerequisites: ACCT 312 with a minimum grade of C (2.0), 313, 314; ECON 230 or MATH 104


ACCT 418    
Fraud Examination
3 Semester Hours
An introductory course designed for business managers and those beginning careers in accounting and auditing. The course stresses the nature of fraud, its litigation, approaches to detecting and preventing fraud, fraud inquiry methods, and reports issued by fraud examiners. Specific topics covered include: financial statement fraud, asset conversion frauds, computer frauds, and bankruptcy frauds. The course advocates a more careful and skeptical view of financial transactions and information.

Prerequisite: ACCT 311.