Course Descriptions - Accounting

ACC111 College Accounting (3-0-3)

This course concentrates on the generally accepted accounting principles (GAAP) applied to a sole proprietorship. Topics include: analyzing, journalizing and posting transactions, adjusting entries, completion of the work sheet, financial statements, and the closing process for a service business, Accounting for Cash, Payroll Accounting and the Combination Journal are also covered.

ACC121 Financial Accounting (4-0-4)

This course introduces current procedures of financial accounting and Generally Accepted Accounting Principles (GAAP). The course emphasizes the analysis of business transactions and the study of the accounting cycle. Topical areas in the course include accrual-based accounting concepts, internal controls; financial statement preparation; and accounting elements of a corporate business entity. An Excel-based software is utilized to practice and complete many of the problems. Ethical accounting standards are embedded throughout the course materials.

ACC122 Managerial Accounting (4-0-4)

This course introduces current managerial accounting concepts, theories and practices applicable to manufacturing, retail and service industries. Job order, process cost and activity-based cost systems are introduced. Topics include budgeting, profit analysis, product pricing and reporting concerns of decentralized operations. Students utilize an Excel-based software system to practice and complete many of the problems. Ethical issues are discussed throughout the course.

PR: ACC 121

ACC123 Accounting for Decision Making - Concepts and Theory (3-0-3)

This course introduces the student to financial accounting. Emphasis is on the analysis and interpretation of financial information. Generally accepted accounting principles will be discussed throughout the course. The standard reports of financial accounting will be studied as well as the process of identifying, measuring, recording and reporting financial information. Internal control procedures, corporate assets, liabilities, and shareholders' equity will also be studied as well as reporting concerns of international companies. Interpretation and analysis of financial reports and current issues affecting these reports will be stressed. Corporate financial statements will be reviewed in and out of class via the Internet. F

ACC201 Computer Applications in Accounting (1-0-1)

This course provides the student with basic computer skills specific to a financial accounting environment. Topics include setting up a business entity's accounting system, recording financial transactions, and working with budget development and evaluation. Students will create invoices, create and analyze accounts receivable and payment aging reports, and develop financial statements and reports with the assistance of a software application. Students will be required to use computers to complete projects. Outside laboratory work is required. This course is pass/fail

PR: ACC 111 or ACC 121 or ACC 123 S

ACC205 Computer Applications in Accounting (3-0-3)

This course provides a hands-on introduction to computerized account principles using Excel and QuickBooks. This class provides knowledge on how to set up a business entity's accounting system. Topics include recording financial transactions in a journal, developing financial statements and reports, creating and analyzing accounts receviable and accounts payable aging reports, creating invoices, recording adjusting entries, developing budgets, developing a payroll schedule and recording payroll tax journal entries, creating depreciation schedules for fixed assets, analyzing bond interest amortization, and conducting a present value analysis.

PR: ACC 121

ACC222 Intermediate Accounting I (3-0-3)

This course gives intensive consideration to financial accounting theory and the current application of Generally Accepted Accounting Principles (GAAP). A significant amount of time is devoted to financial statement preparation and presentation. Emphasis is placed on the balance sheet and its various accounts. Topics covered include the accounting cycle, measurement of income, acquisition and disposal of assets, and the time value of money.

PR: ACC 122 Fall only

ACC225 Income Tax Accounting (3-0-3)

This course introduces the current income tax law and tax regulations for individuals and certain business entities. Specific tax situations are presented and analyzed in accordance with the taxation rules set forth by the Internal Revenue Code and other primary tax sources such as case law. Topics include an examination of what constitutes income, acceptable deductions, analysis of property transactions, alternative minimum taxation, and recent legislation. Individual tax forms are prepared.

ACC226 Intermediate Accounting II (4-0-4)

This course is a continuation of the study of financial accounting theory and practice. Specific accounts are examined including current and contingent liabilities, bonds, notes, corporate income taxes, leases, capital stock, pensions, and retaining earnings. Preparation of financial statements in accordance with Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) are also covered. Financial statement analysis, revenue recognition rules, and accounting changes, and other topics are addressed. Excel- based web software systems re utilized in and outside of the classroom to complete assignments.

PR: ACC 222 Spring only

ACC242 Cost Management (3-0-3)

In this advanced course students develop an understanding of accounting information used by management in planning and controlling operations. A framework for measuring managerial performance is developed through an analytical treatment of cost behavior under dynamic conditions. Tools employed include cost-volume-profit analysis, budgeting and actual and standard cost systems.

PR: ACC 122

ACC246 Auditing (3-0-3)

This course is an introduction to auditing for accounting students who have not had experience in auditing. The primary emphasis is on the auditor's decision- making process. Included are concepts in auditing related to determining the nature and amount of evidence the auditor should accumulate, the objectives to be accomplished in a given audit area, the circumstances of the engagement, and the decisions to be made to determine the appropriate evidence to gather and how to evaluate the evidence obtained. Ethical conduct and legal liability of auditors are also covered along with auditing within a computerized environment.

PR: ACC 122

ACC248 Governmental Accounting (3-0-3)

This course surveys the theory and practice involved in accounting for governmental and not-for-profit entities. Topics include college, hospital, local government and modified accrual accounting, encumbrances and internal control.

PR: ACC 121

ACC250 Accounting Internship (0-9-3)

This course provides an opportunity to explore and gain experience in a career area related to accounting. Textbook theory and classroom experience is enhanced while working in a supervised professional setting. The field study will incorporate accounting or accounting related assignments. All field work will be supplemented by scheduled meetings with the instructor. The course requires the completion of 120 hours of fieldwork. Grading is on a pass/fail basis.

PR: Accounting or Business major, completion of 30 credit hours, completion of ACC 122, minimum overall GPA of 2.5, and permission of the Division.

ACC295 Internal Auditing (3-0-3)

This introductory internal auditing course examines the fundamental internal audit concepts followed by an illustration of how to conduct internal audit engagements. Topics covered include an examination of governance concepts, risk management, internal control, the procedures used by internal auditors, the assurance engagement, methods used to communicate the results, and procedures for following up. The course examines internal auditing within a computerized environment.

PR: ACC 121

Last Updated: 09/18/19 08:31pm ET