Program Overview

---

Accounting (ACCT)

Course Descriptions

ACCT 200. Principles of Accounting for Non-Majors

• Term Typically Offered: Fall, Spring, Summer
• Prerequisite(s): Admission to the Business Essentials minor program; MGMT 101; CIS 100 or CIS 250.
• Fee: An additional $30.00 is charged for this course.
• Description: An introduction to basic accounting objectives and principles and how they relate to modern organizations. Students will be exposed to financial reporting, analysis of financial statements, internal controls and elements of managerial accounting and budgeting. Students will apply critical thinking to how to use financial data in an ethical framework to achieve organizational goals.

ACCT 201. Principles of Financial Accounting

• Term Typically Offered: Fall, Spring, Summer
• Prerequisite(s): An ACT math score of 25 or an SAT1 Math Sub-score of 580; or completion of MATH 111.
• Fee: An additional $30.00 is charged for this course.
• Description: The course focuses on the relevance and interpretation of accounting information for decision making. Preparation of financial statements is also covered.

ACCT 202. Principles of Managerial Accounting

• Term Typically Offered: Fall, Spring, Summer
• Prerequisite(s): ACCT 201.
• Fee: An additional $30.00 is charged for this course.
• Description: The course focuses on the information needed by management, where this information can be obtained, and how it can be used to carry out management's responsibilities within an organization.

ACCT 205. Honors Principles of Accounting

• Term Typically Offered: Fall, Spring
• Prerequisite(s): An ACT math score of 25; or an SAT1 Math Sub-score of 580; or completion of MATH 111.
• Fee: An additional $60.00 is charged for this course.
• Description: Students explore financial statement analysis and managerial accounting techniques and use these tools to solve business problems.

ACCT 301. Intermediate Accounting I

• Term Typically Offered: Fall, Spring, Summer
• Prerequisite(s): ACCT 201 or ACCT 205.
• Fee: An additional $30.00 is charged for this course.
• Description: The first of two courses dealing with financial reporting as reflected in Generally Accepted Accounting Principles. The course will discuss the theoretical underpinnings and the practical applications of income determination and balance sheet valuations. Focus is on the accounting cycle and the nature of the financial statements.

ACCT 302. Intermediate Accounting II

• Term Typically Offered: Fall, Spring, Summer
• Prerequisite(s): ACCT 301.
• Fee: An additional $30.00 is charged for this course.
• Description: A continuation of the study of income determination and balance sheet valuations which was begun in ACCT 301.

ACCT 310. Introduction to Accounting Information Systems

• Term Typically Offered: Fall, Spring, Summer
• Prerequisite(s): ACCT 301.
• Fee: An additional $30.00 is charged for this course.
• Description: An introduction to Accounting Information Systems, covering systems and control concepts, procedures and technologies, as well as systems development processes and software applications.

ACCT 315. Taxation for Business Entities

• Term Typically Offered: Fall, Spring, Summer
• Prerequisite(s): ACCT 202 or ACCT 205.
• Fee: An additional $30.00 is charged for this course.
• Description: An introduction to federal income taxation with an emphasis on the taxation of business entities, including C Corporations, S Corporations, Partnerships, Limited Liability Companies, and Sole Proprietorships. Topics include issues relating to the formation, operation, reporting requirements, and termination of entities. The course will also cover tax consequences resulting from transactions between entities and owners. Students will also acquire the skills necessary to perform tax research and prepare federal tax returns.

ACCT 320. Managerial Cost Accounting

• Term Typically Offered: Fall, Spring, Summer
• Prerequisite(s): ACCT 202 or ACCT 205.
• Fee: An additional $30.00 is charged for this course.
• Description: Accumulating, reporting, and analyzing costs from the point of view of the management accountant. Emphasis is placed on the determination of costs relevant to a specific purpose, whether inventory valuation, control of current operation, or special decisions.

ACCT 353. Accounting for Not-For-Profit Organizations

• Term Typically Offered: Fall, Spring, Summer
• Prerequisite(s): ACCT 301 or faculty consent.
• Fee: An additional $30.00 is charged for this course.
• Description: The application of accounting to governmental units, charitable organizations, hospitals, and universities. Subjects include budgeting, account structure, utilization of accounting in decision making, financial statement presentation, and an introduction to cost-benefit analysis.

ACCT 396. Zero-Credit Internship-Accounting

• Grading Basis: Pass/Fail
• Term Typically Offered: Fall, Spring, Summer
• Prerequisite(s): ACCT 301; good academic standing; validation through the Ulmer Career Management Center; students must be Accounting majors.
• Fee: An additional $10.00 is charged for this course.
• Description: A new workplace experience in an approved Accounting position which offers a progression of learning in a level-appropriate opportunity for practical application of classroom theory and tools. This program is available to students who have received the maximum number of co-op credit hours for their major.

ACCT 397. Co-op in Accounting I

• Grading Basis: Pass/Fail
• Term Typically Offered: Fall, Spring, Summer
• Prerequisite(s): Completion of ACCT 301; Good Academic Standing; students must be Accounting majors.
• Description: A new workplace experience in an approved Accounting position which offers a progression of learning in a level-appropriate opportunity for practical application of classroom theory and tools.

ACCT 398. Co-op in Accounting II

• Grading Basis: Pass/Fail
• Term Typically Offered: Fall, Spring, Summer
• Prerequisite(s): ACCT 397 for no more than 2 credit hours; Good Academic Standing; validation through COB Co-op office.
• Description: A new or continued workplace experience in an approved Accounting position which offers new learning and/or additional responsibilities that continue the student's progression of learning and opportunity for practical application of classroom theory and tools.

ACCT 399. Co-op in Accounting III

• Grading Basis: Pass/Fail
• Term Typically Offered: Fall, Spring, Summer
• Prerequisite(s): ACCT 397, Good Academic Standing, and validation through the Ulmer Career Center
• Description: A new or continued workplace experience in an approved Accounting position which offers new learning and/or additional responsibilities that continue the student's progression of learning and opportunity for practical application of classroom theory and tools.

ACCT 401. Advanced Accounting Problems

• Term Typically Offered: Occasionally Offered
• Prerequisite(s): ACCT 302.
• Fee: An additional $30.00 is charged for this course.
• Description: A study of partnerships, business combinations, consolidated financial statements, and accounting for multinational enterprises.

ACCT 402. CPA Prep: Financial Accounting and Reporting (FAR)

• Term Typically Offered: Fall, Spring, Summer
• Prerequisite(s): Accounting Major or Minor Students.
• Fee: An additional $30.00 is charged for this course.
• Description: Financial Accounting and Reporting (FAR) is one of three core CPA Exam sections required of all CPA candidates. FAR focuses on the financial statements for both for-profit companies as well as not-for-profit organizations.

ACCT 403. CPA Prep: Auditing and Attestation (AUD)

• Term Typically Offered: Fall, Spring, Summer
• Prerequisite(s): Accounting Major or Minor Students.
• Fee: An additional $30.00 is charged for this course.
• Description: Auditing and Attestation (AUD) is one of three core CPA Exam sections required of all CPA candidates. AUD starts with the ABCs of auditing: the AICPA code of professional conduct and other ethical requirements.

ACCT 404. CPA Prep: Taxation and Regulation (REG)

• Term Typically Offered: Fall, Spring, Summer
• Prerequisite(s): Accounting Major or Minor Students.
• Fee: An additional $30.00 is charged for this course.
• Description: Taxation and Regulation (REG) is one of three core CPA Exam sections required of all CPA candidates. REG covers business law and U.S. federal tax requirements for individuals and entities.

ACCT 405. CPA Prep: Tax Compliance and Planning (TCP)

• Term Typically Offered: Fall, Spring, Summer
• Prerequisite(s): Accounting Major or Minor Students.
• Fee: An additional $30.00 is charged for this course.
• Description: Tax Compliance and Planning (TCP) is one of three discipline CPA Exam sections available for CPA candidates to take (all candidates must pass one discipline section). The focus of the TCP discipline includes taxation topics involving more advanced individual and entity tax compliance.

ACCT 406. CPA Prep: Information Systems and Controls (ISC)

• Term Typically Offered: Fall, Spring, Summer
• Prerequisite(s): Accounting Major or Minor Students.
• Fee: An additional $30.00 is charged for this course.
• Description: Information Systems and Controls (ISC) is one of three discipline CPA Exam sections available for CPA candidates to take (all candidates must pass one discipline section). Technology and business controls is a focus of the ISC discipline.

ACCT 407. CPA Prep: Business Analysis and Reporting (BAR)

• Term Typically Offered: Fall, Spring, Summer
• Prerequisite(s): Accounting Major or Minor Students.
• Fee: An additional $30.00 is charged for this course.
• Description: Business Analysis & Reporting (BAR) is one of three discipline CPA Exam sections available for CPA candidates to take (all candidates must pass one discipline section). CPA Candidates who are interested in assurance or advisory services, financial statement analysis and reporting, technical accounting, and financial and operations management should consider the BAR discipline.

ACCT 411. Capstone Seminar in Accounting - CUE

• Term Typically Offered: Fall, Spring, Summer
• Prerequisite(s): Senior standing.
• Fee: An additional $30.00 is charged for this course.
• Description: A cumulative undergraduate experience, which integrates accounting theory and concepts from Financial and Managerial Accounting, Taxation, Auditing, and Accounting Information Systems, to identify, analyze and apply these concepts to contemporaneous accounting problems.

ACCT 415. Taxation of Individuals

• Term Typically Offered: Fall, Spring, Summer
• Prerequisite(s): ACCT 302 (or concurrently); ACCT 315.
• Fee: An additional $30.00 is charged for this course.
• Description: This course builds upon the basic tax principles covered in ACCT 315 and provides both a detailed study of federal income tax laws specific to individual taxpayers, as well as an overview of specialized topics relevant to individual taxpayers.

ACCT 420. Advanced Managerial Cost Accounting

• Term Typically Offered: Fall, Spring
• Prerequisite(s): ACCT 320.
• Fee: An additional $30.00 is charged for this course.
• Description: A continuation of ACCT 320, with emphasis on accounting decision models using uncertainty, the behavioral aspects of performance evaluation, and the management accountant's response to the changing manufacturing environment.

ACCT 430. Auditing Theory and Practice

• Term Typically Offered: Fall, Spring
• Prerequisite(s): ACCT 302 and ACCT 310.
• Fee: An additional $30.00 is charged for this course.
• Description: A survey of the role of the certified public accountant as independent auditor of financial statements. Topics include professional ethics, generally accepted auditing standards, legal liability, statistical sampling, audits of EDP systems, internal control, audit work programs, and the auditor's opinion.

ACCT 441. Financial Statement Analysis

• Term Typically Offered: Fall, Spring, Summer
• Prerequisite(s): ACCT 301.
• Fee: An additional $45.00 is charged for this course.
• Description: Understanding financial statements is critical for making informed decisions in the business world. This course provides a framework and explores the techniques used to analyze the economic condition of firms using financial statements.

ACCT 490. Special Topics in Accounting

• Term Typically Offered: Fall, Summer
• Prerequisite(s): Senior standing.
• Fee: An additional $40.00 is charged for this course.
• Description: A variety of contemporary topics in accounting and/or taxation will be studied. Course content may vary each semester but will not duplicate other course offerings.

ACCT 499. Independent Study in Accounting

• Term Typically Offered: Fall, Spring, Summer
• Prerequisite(s): Written proposal must be sponsored by at least one faculty member and approved by the Director of the School of Accountancy.
• Fee: An additional $30.00 is charged for this course.

ACCT 500. Fundamentals of Accounting

• Description: Fundamental principles of accounting needed by the manager. Topics include the assumptions of accounting, recording and reporting transactions; interpretation of data for decision-making purposes.

ACCT 501. Intermediate Accounting I

• Term Typically Offered: Fall, Spring, Summer
• Prerequisite(s): ACCT 201 or ACCT 205.
• Description: The first of two courses dealing with financial reporting as reflected in Generally Accepted Accounting Principles. The course will discuss the theoretical underpinnings and the practical applications of income determination and balance sheet valuations. Focus is on the accounting cycle and the nature of the financial statements.

ACCT 526. Finance and Accounting Applications in Logistics and Distribution

• Prerequisite(s): MKT 525.
• Description: Fundamental principles of accounting and finance as applied to logistics and distribution as needed by managers.