ACCT – Accountancy
ACCT 205 INTRODUCTION TO FINANCIAL ACCOUNTING (3-0-3)(F,S). Introduction to financial reporting. The primary objective is to make the student aware of the importance of accounting information as a powerful tool in the business decision-making process. Emphasis of the course is on the uses of financial information in making investment and credit decisions rather than the preparation of the information. PRE/COREQ: ITM 104 and 105 or satisfactory completion of computer competency exam covering basic word processing and spreadsheet skills or an alternate instructor-approved course.
ACCT 206 INTRODUCTION TO MANAGERIAL ACCOUNTING (3-0-3)(F,S). Emphasizes the use of accounting information in business planning, control, and decision making. Students should develop their abilities to: (1) identify and gather relevant financial information for decision making and prepare elementary reports; (2) understand and evaluate published financial reports; and (3) communicate this information to assist in managerial decision making. PREREQ: ACCT 205 and ITM 104 and 105 or satisfactory completion of computer competency exam covering basic word processing and spreadsheet skills.
Upper-division courses in the Department of Accountancy (those with a course number 300 or higher) provide higher-level instruction to students who have the skills necessary to perform at this level. In addition to fulfilling the specific prerequisites listed and meeting the general university requirements for junior standing, every student admitted to a course is expected: to communicate clearly and correctly so that assignments such as term papers and presentations can be completed effectively; to organize and solve problems using the techniques of intermediate level high school algebra; and to use a microcomputer for simple word processing and spreadsheet applications.
ACCT 300 FINANCIAL REPORTING AND ANALYSIS (3-0-3)(F/S). Examination of the conceptual accounting theory underlying financial statements including examining the choices between different acceptable accounting methods allowed under GAAP and the impact each of these methods has on the financial results reported in the financial statements. The course is focused on preparing finance majors to use financial statements in conducting financial statement analysis and decision making. PREREQ: ACCT 206, ITM 104, ITM 105 or satisfactory completion of the COBE Computer Competency Exam.
ACCT 302 SURVEY OF FEDERAL INCOME TAXATION (3-0-3)(F/S). Theory and practice of federal income taxation, including concepts of taxation as they apply to businesses, individuals, flow-through entities and corporations. Specific topics include property transactions, individual tax rules, business revenue and expense issues, and state taxation. Emphasizes the social, political and ethical considerations of tax law. PREREQ: ACCT 206.
ACCT 303 MASTERING THE ACCOUNTING CYCLE (1-1-1)(F/S). Students will complete a comprehensive project providing hands-on experience with all of the procedural details involved in the accounting cycle. The project will include evaluating financial information, data entry in an accounting system and preparation of financial statements that are in conformity with GAAP. Accounting internal control concepts important to the reliability of any accounting system will also be taught. PREREQ: ACCT 205.
ACCT 304 INTERMEDIATE ACCOUNTING I (3-0-3)(F,S). Study of financial reporting, including the effects of economic, legal, political, social and ethical influences on the formulation of generally accepted accounting principles. A comprehensive analysis of basic financial reporting, including the preparation of the statements of income and financial position and in-depth study of current and noncurrent assets, current liabilities, and international financial reporting standards. Electronic spreadsheets are used as a tool in analyzing complex reporting problems. PREREQ: Admission to COBE, ACCT 206 and ITM 104 and 105 or satisfactory completion of computer competency exam covering basic word processing and spreadsheet skills. COREQ: Completion of or concurrent enrollment in ACCT 303.
ACCT 306 INTERMEDIATE ACCOUNTING II (3-0-3)(F/S). Continuation of ACCT 304. Study of contingencies, noncurrent liabilities, stockholders’ equity, income taxes, pensions, stock based compensation, accounting changes and errors, statement of cash flows, and accounting for derivatives. PREREQ: Admission to COBE, ACCT 303, ACCT 304.
ACCT 314 COST ACCOUNTING (3-0-3)(F,S). Traditional cost accounting including topics such as standard costing, variance analysis, cost-volume-profit analysis, and budgeting. The role of the management accountant, including ethical responsibilities, is examined. Emphasis on strategic cost management and the use of information for decision-making. PREREQ: Admission to COBE, ACCT 206 and BUSSTAT 207, and ITM 104 and 105 or satisfactory completion of computer competency exam covering basic word processing and spreadsheet skills.
ACCT 350 ACCOUNTING INFORMATION SYSTEMS (3-0-3)(F/S). Elements, cycles and procedures of accounting information systems, systems documentation techniques, the data processing cycle, the systems development process, controlling accounting information systems, and the auditing of computer-based systems. Applied projects in database, flowcharting, and accounting software. PREREQ: Admission to COBE, ACCT 303, ACCT 304, BUSCOM 201 or ENGL 202, and ITM 106 or computer competency exam covering basic database skills.
ACCT 405 FINANCIAL STATEMENT AUDITING (3-0-3)(F,S). Introduction to financial statement audits which provide the credibility necessary for the financial markets to operate. Topics include professional standards, SEC requirements for auditors in planning, evidence gathering and accumulation, and reporting. Ethical and legal considerations are also discussed. PREREQ: Admission to COBE, ACCT 306.
ACCT 410 ADVANCED ACCOUNTING (3-0-3)(F/S). Topics include accounting for business combinations, including consolidated financial statements, governmental, and not-for-profit accounting. PREREQ: Admission to COBE, ACCT 306, ITM 104 and ITM 105 or satisfactory completion of computer competency exam covering basic word processing and spreadsheet skills.
ACCT 414 MANAGERIAL ACCOUNTING (3-0-3)(F/S). The development and use of cost information for strategic cost management is emphasized. The uses of accounting information for management planning, production, and control decisions are covered. Examples include operations and capital budgeting, computer applications, and an in-depth application of cost accounting concepts. Emphasis is placed on the understanding and use of current cost management techniques. May be taken as either ACCT 414 or ACCT 514, but not both. PREREQ: Admission to COBE, ACCT 314 and SCM 345.
ACCT 450 INTERNAL AND INFORMATION SYSTEMS AUDIT (3-0-3)(F/S). The role of the internal and IS audit function, the standards by which internal and IS auditors should conduct audits, the general risks faced by any entity and any information system, the procedures and skills needed to perform audits, and current issues facing the internal and IS audit professional are covered. May be taken as either ACCT 450 or ACCT 550, but not both. PREREQ: Admission to COBE, ACCT 350 and ACCT 405.
ACCT 480 SELECTED ACCOUNTING TOPICS (3-0-3). Current accounting topics and issues are investigated in this class. PREREQ: Admission to COBE, PERM/INST.