ACC 221 Cr. 3
Financial Accounting Principles
Financial statement approach
including the use of the entity and propriety theories to explain and
apply the basic principles of accounting. Topics include structure of
accounts, flow of data, periodic and perpetual inventory accounting,
internal control, cash flow, and financial reporting for decision
making. Prerequisite: student must have successfully completed a
minimum of 12 credit hours.
Managerial Accounting Principles
Accounting principles relating
to management decision making, cost determination and flow,
cost-volume-profit analysis, responsibility accounting, standard and
variable costing, return on investment, and capital budgeting.
Prerequisite: ACC 221 completed with a grade of "C" or better.
ACC 221 and 222, 703 and 704 are
Emphasis will be on
examination and study of current accountancy issues. Topics will vary
from semester to semester. Prerequisite: consent of accountancy
department chairperson. Repeatable for credit -- maximum 6. Offered
Business Law for Accountants
The study of law as it relates
to the professional accountant's need for an understanding of the
legal environment. Among topics included are accountant's legal
responsibility, federal security regulation, antitrust laws,
employer-employee relationship, bankruptcy, forms of business
organization, estates and trusts, commercial paper, contracts and
insurance. Prerequisites: MGT 205 and senior accountancy major.
Offered Sem. I.
Theory and principles of
accounting as they relate to the environment of financial reporting
and the definition of the reporting entity. Complex business
combinations are considered under the purchase and
pooling-of-interests methods of reporting for mergers,
consolidations, and parent-subsidiary relationships. Reporting for
advanced partnership problems, fiduciary responsibilities, and
governmental and not-for-profit organizations in consideration of the
legal nature of each entity and its particular financial reporting
environment. Prerequisite: ACC 322. Offered Sem. I.
Advanced Managerial Accounting Problems
A detailed analysis of costs
relevant to non-routine and long range planning, capital budgeting,
joint costing, production mix and yield variances, uncertainty in
decision-making involving subjective probabilities and the role of
cost accounting in operations research. Prerequisite: ACC 325.
Advanced Accounting Information Systems
A study of the total
information systems approach to the analysis, design, implementation
and use of accounting information systems with an emphasis on
computer based systems. Builds on the design principles introduced in
ACC 327. Prerequisite: ACC 327. Offered occasionally.
A study of advanced tax law
affecting individuals and businesses. This course will include
advanced tax planning and research. Prerequisite: ACC 330.
Governmental and Institutional Accounting
A study of accounting
techniques as applied to the accounting systems of a governmental
unit: federal, state and local or political subdivisions and public
institutions such as schools, hospitals and other not-for-profit
institutions. Emphasis is placed on fund accounting as distinguished
from profit-motive accounting. Prerequisite: ACC 222 or 235. Offered
Principles of Auditing
Auditing concepts, standards
and procedures, ethics and legal requirements, scope, objectives and
nature of the audit. Statistical sampling in auditing, audits of
electronic systems, the auditor's role in tax and management advisory
services. Prerequisites: MTH 205, ACC 322 and 327.
Special auditing problems
related to procedures in auditing plant and equipment, liabilities
and capital accounts. Preparation of auditing programs, internal
control questionnaires and financial reporting given considerable
emphasis. Recent trends and procedures in auditing, professional
ethics and legal liability will also be included. Prerequisite: ACC
438/538. Offered occasionally.
A study of accounting theory
including its historical development.
Included are a critical evaluation of concepts, assumptions,
principles and analytical methodologies of accounting and their
application to factual situations and current developing problems.
Topics covered include asset valuation and income determination
stressing the implication for internal and external uses of
accounting information in business decision making. Prerequisites:
ACC 322 and 325. Offered occasionally.
Accounting and Managerial Control for Non-Profit Organizations
A study of planning and
control of government and non-profit organizations. Topics covered
include the nature of a management control system, programming,
budgeting, accounting, internal control and financial reporting.
Prerequisites: ACC 435/535. Offered occasionally.
A study of accounting problems
faced by multinational firms doing business in both the U.S. and
other countries. Course covers a broad range of issues including
problems of operating with three different versions of generally
accepted accounting principles (GAAP), translation of financial
statements for consolidation purposes, foreign currency transactions,
and foreign exchange markets and instruments. Prerequisites: ACC 221,
222 and FIN 355. Offered Sem. I.
Accounting for Business Decisions
An examination of basic
financial statements and accounting systems. Emphasis on statement
analysis, cash flows, inventory methods, long-term assets and tax
consideration. Capital markets, financing and other liabilities will
Accounting for Management Decisions
An overview of accounting
information needed for informed management decisions. Topics include
cost concepts and behavior, product costing, allocation and
budgeting. Prerequisites: ACC 703.
Survey of Financial Accounting
An analysis of accounting
concepts as they relate to internal and external users of information
contained in the financial reports such as: funds flow, revenue
recognitions, intercorporate investments, inventory, liabilities, and
Individual reading or research
under the guidance of a staff member. Registration with the consent
of the student's regular adviser, the instructor, and the department
chairperson. Students must have completed a minimum of 21 credits in
the MBA program with a minimum GPA of 3.50. Approval form available
in the office of the dean of the College of Business Administration.
Form must be completed prior to registration. Repeatable for credit
-- maximum 3.*
* Maximum of three
credits in independent study in any combination of ACC 797, ECO 797,
FIN 797, MGT 797 and MKT 797.