ACCT – Accounting

ACCT 241 Introduction to Financial Accounting (3)

Examines the financial accounting function of business entities. Develops an understanding of the financial information in published financial statements (income statement, balance sheet, cash flow statement, and equity statement). Examines the role of financial data in the decision-making process of “investors” and other “outsiders” of the business entity.


ACCT 242 Introduction to Management Accounting (3)

Prerequisite: ACCT 241.  Focuses on providing information useful for internal decision-making in production, merchandising, government and service-oriented enterprises. Primary emphasis given to understanding of costs and cost behavior and the use of cost information for planning, controlling, decision-making performance evaluation and product costing. Introduces recent developments in management accounting, such as activity-based costing (ABC) and Just-in-Time (JIT). Development and use of electronic spreadsheets is emphasized.


ACCT 321 Data Analytics for Accounting (3)

Prerequisite: ACCT 242. The class will explore accounting concepts through the application of data analytics. Students will develop skills to ask the right question and learn how to use tools they may find in the workplace. The course will move from discovering what happened to analyzing the data to determine why it happened and then interpreting the results in order to make business decisions.


ACCT 341 Intermediate Financial Accounting I (3)

Prerequisite: ACCT 241 (grade of B or better recommended). Examines the current state of financial accounting theory, standards, principles and practices. Studies theoretical and practical problems of measurement and valuation related to the determination of net income, revenue recognition, cash flow and presentation of financial position. Emphasizes the asset section of the balance sheet.


ACCT 342 Intermediate Financial Accounting II (4)

Prerequisite: ACCT 341. Examines the current state of financial accounting theory, standards, principles and practices. Studies theoretical and practical problems with emphasis on special topics: long-term debt, capital stock, leases, pensions and other post-employment/retirement benefits, deferred tax, accounting changes/error corrections, cash flow statement and financial statement disclosures.


ACCT 343 Advanced Management Accounting (3)

Prerequisite: ACCT 242, and MATH 105 or MATH 215; or consent of the instructor. Examines the nature of accounting data as related to managerial functions of planning, controlling, decision-making, performance evaluation, and product costing. Major topics include cost accumulation, analysis, allocation and estimation (including statistical methods), budgeting and standard costing with variance analysis.


ACCT 344 Principles of Taxation (3)

Prerequisite: ACCT 241. Studies the general framework of the determination of income tax for an individual, with an emphasis on successful tax preparation.


ACCT 346 Government and Non-Business Accounting (3)

Prerequisite: ACCT 242. Studies the accounting procedures and financial reporting of governments and non-business entities. Examines the state and local government entities under the control of the GASB. Examines the financial reporting requirements of not-for-profit entities under the control of FASB, including: colleges and universities, hospitals and health care organizations, charities (501c2 and 501c3), and other non-profit entities.


ACCT 347 Accounting Information Systems (3)

Prerequisite: COSC 109 or COSC 110. Pre- or corequisite: ACCT 242. Introduces students to the role information systems plays in accomplishing the objectives of financial accounting, managerial accounting, tax accounting and auditing. Students study the principles of systems design, relational databases, and the controls in accounting information systems; the flows of information through the various accounting cycles and the corresponding internal controls; the information flows using the traditional accounting model with an emphasis on the use of current database technology, including data modeling.


ACCT 348 Principles of Auditing (3)

Prerequisite: ACCT 242. The course focuses on an accountant’s role in planning, risk assessment, audit procedures, obtaining evidence, and reporting for audit, attestation, and accounting and review service engagements. The course incorporates professional skepticism and professional judgment with a focus on the critical assessment of evidence and the need to apply knowledge and experience to make informed decisions


ACCT 350 Vita, Volunteer Income Tax Assistance (3)

Prerequisite: ACCT 344 or instructor’s permission. Students will prepare and review client tax returns at VITA clinics held on campus. Class time will be spent training and planning for clinics, discussing continuous improvement in VITA program, and reflecting on the experience post-filing-season. This class requires significant out-of-class service learning hours on Tuesday afternoons and/or Saturday mornings. May be repeated.


ACCT 390 Topics (Arr)

Prerequisite: instructor’s permission. Selected topics in accounting may be offered, depending upon student and staff interest.


ACCT 397 Internship (Arr)

Prerequisite: BMGT 311, ACCT 242, third-year standing and instructor’s permission. Available only to students who have declared a major in the department. The seminar attempts to sensitize the student to work experience and provide communication with other students to discuss their mutual experience. May be repeated for a maximum of 9 credits total. Pass/No credit basis.


ACCT 441 Advanced Financial Accounting (3)

Pre- or corequisite: ACCT 342. Studies specialized financial reporting problems, including those related to investments in financial and derivative assets, the equity method of accounting, the entity concept (consolidated financial statements and international accounting operations), and non-corporate business reporting.


ACCT 442 Fraud Examination and Auditing (4)

Prerequisite: ACCT 347. This course will serve as an introduction to fraud examination, auditing, and assurance services that builds on coursework in management, financial accounting, and systems. The course will include an in-depth examination of the COSO internal control framework, followed by auditing and fraud examination concepts, both of which rely heavily on internal control concepts.


ACCT 445 Advanced Taxation (3)

Prerequisite: ACCT 241 and ACCT 344. Studies the specific tax code for corporations, estates and trusts. Relates the process of converting financial GAAP accounting to reporting under the IRS code.


ACCT 485 Accounting Research Seminar (1)

Prerequisite: senior standing and declared accounting major.  Students conduct research on a substantive accounting topic in the areas of financial, managerial, tax, auditing, consolidations, international, information systems, not-for-profit, or governmental.  A formal presentation to accounting faculty and senior majors is required.  Pass/No Credit basis.


ACCT 499 Independent Study (Arr)

Prerequisite: instructor’s permission. An independent research experience for senior majors.