221 Cr. 3
Accounting Principles I
An introduction as an information system. Emphasis is on reporting
to external constituencies: investors, creditors, and governmental agencies,
Topics include recording economic activities of the firm and the resultant
financial reports, federal income taxation, and time value of money.
Prerequisite: Students must have successfully completed a minimum of 12 credit
222 Cr. 3
Accounting Principles II
Emphasis is on reporting to internal constituencies: managers in
all functional areas of the firm. An introduction to accounting principles used
to prepare internal financial reports used for management decision-making.
Topics include cost determination and flow, cost-volume-profit analysis,
absorption and variable costing, capital budgeting, and cash flow analysis.
Prerequisite: ACC 221 completed with a grade of ?C? or better.
703 Cr. 2
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 be covered. This course as an Internet course.
704 Cr. 1
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. Prerequisite: ACC 703. This course is offered
as an Internet course.
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.
Prerequisite: 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. Offered
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
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.
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. Prerequisite: MTH 145, 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.
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.
Prerequisite: 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.
Prerequisite: ACC 435/535.
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. Prerequisite: ACC 221, 222 and FIN
355. Offered Sem. I.
706 Cr. 3
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 auditor?s opinion.
797 Cr. 1-3
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.
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Modified:June 13, 2012