Accounting (ACCT)

ACCT-P275  Financial Accounting  3 Credits  

Involves the analysis, recording, and summarizing of accounting transactions on the accrual basis. Includes emphasis on accounting as an information system meeting the demands of users for decision-making. (Course previously listed under BUOM)

ACCT-P282  Managerial Accounting  3 Credits  

An overview of the financial tools available to the manager in decision making. Includes a study of income statements, balance sheets, cash flow projections, budgets, changes in financial position, and ratio analysis. Emphasis is on reading and understanding accounting documents rather than on their preparation. (Course previously listed under BUOM)

ACCT-P470  Special Topic:  1-3 Credits  

Study of a special topic in one of the fields of accounting. May be repeated for credit provided topics are dissimilar.

ACCT-225  Principles of Financial Accounting  4 Credits  

This course develops students' understanding and application of financial accounting concepts, the accounting cycle processes and documents, and United States accounting and external financial reporting standards. The course emphasizes understanding the financial statements: balance sheet, income statement, statement of retained earnings, and statement of cash flows. The course prepares students for financial analysis; ethical decision making, understanding fraud in the workplace and internal control.

Prerequisite: MATH116 or MATH170

ACCT-321  Accounting and Finance for Decision Making  4 Credits  

This course examines managerial decision-making based on common accounting and financial models and analysis. The course topics include management's responsibility to stakeholders, how costs behave, cost-volume-profit analysis, activity based costing, budgeting, standard costing, performance measurements, and financial analysis. The course continues to develop students' understanding of annual reports and financial statement analysis within the entity's industry.

Prerequisite: ACCT-225

ACCT-324  Intermediate Accounting I  3 Credits  

Studies accounting and reporting of complex business operating activities and financing activities according to generally accepted accounting principles in the United States. Compares United States accounting standards to international accounting standards. Topics include revenue recognition, inventory valuation, and debt and equity financing.

Prerequisite: ACCT-325; Minimum grade of "C" or better.

ACCT-325  Intermediate Accounting II  3 Credits  

Continues to study accounting and reporting of complex business activities and transactions. The focus is on the investing activities of business and financial reporting. Topics include investments, leases, earnings per share, and analysis of financial statements. The content includes the study of accounting and reporting standards in the United States with comparisons to international accounting standards.

ACCT-332  Cost Accounting  3 Credits  
ACCT-333  Cost Accounting II  3 Credits  
ACCT-427  Auditing  3 Credits  

Studies how to conduct external audits or become internal financial managers of organizations that are audited. United States auditing standards are studied and compared to international standards. Course topics include generally accepted auditing standards, fraudulent financial reporting and audit failure, effective internal control procedures, and the influence of the Securities and Exchange Commission on oversight of the accounting profession.

Prerequisite: ACCT-325 with a "C" or better.

ACCT-428  Advanced Accounting  3 Credits  

The course covers complex accounting and reporting for corporate and non-corporate entities, for profit and not-for-profit entities. It compares and contrasts accounting and financial reporting for partnerships, for-profit complex corporate entities, state and local governments, health and welfare organizations, and government and non-government universities.

ACCT-440  Federal Taxation-Individual  3 Credits  

The course covers federal income taxation as it applies to individuals. This is an introduction to the federal tax model and how to apply it to the components of taxable income, tax credits, and types of taxes.

Prerequisite: ACCT-325 with a "C" or better.

ACCT-442  Federal Taxation-Corporate  3 Credits  

The subject matter of this course is federal income taxation as it applies to partnerships, fiduciaries and corporations. It builds on the federal tax model presented in ACCT 440, emphasizing concepts about issues specific to corporations.

ACCT-490  Seminar:  1-3 Credits  

Mutual investigation of one topic in accounting of particular relevance to upper division majors. May be repeated for credit provided topics are dissimilar.