ACC 221 Cr. 3
Accounting Principles I
An introduction to accounting 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 hours. MBA foundation course.
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. MBA foundation course.
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 occasionally.
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 an 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: BUS 205 and senior accountancy major.
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
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 occasionally.
dvanced 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
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 occasionally.
Principles of Auditing
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. 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. 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. Offered occasionally.
A study of accounting problems faced by multinational firms
doing business in both the
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 is offered as an Internet course. MBA foundation course.
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. MBA foundation course.
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: cash flow, revenue recognition, inter-corporate investments, inventory, liabilities, and auditor’s opinion.
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