ACCOUNTANCY (ACC)
College of Business Administration
Department Chair:
Barbara Eide
404 Wimberly Hall, 608.785.8093
Professors: Eide, Winter;
Associate
Professors: Kastantin, Rosacker, R.;
Assistant
Professors: Komissarov, Maas, Rosacker, K.;
Lecturers:
Bice, Lyons
Students in the College of Business
Administration must complete the
college core requirements. (36 credits of the common core)
Accountancy Major
(College of Business Administration) — 28
credits - ACC 321*, 322, 325, 327, 330, 418, 421, 430 and 438.
In addition, zero – six credits of ACC 450, Internship, may be
taken in the major.
*Accountancy majors are allowed and encouraged
to register for ACC 321, Intermediate Accounting I, before being
admitted to the business program.
Additional requirements for accountancy
majors:
1. A cumulative grade point average of 2.50 in
the College of Business Administration core: and
2. A cumulative grade point average of 2.50 in
the required major courses.
Note: Most states, including Wisconsin and
Minnesota, require 150 college credits to sit for the CPA exam.
Accountancy Minor
(College of Business Administration) — 13
credits - ACC 321, plus any three (3) additional three (3)
credit accounting courses numbered 300 or above (excluding ACC
350).
Credit by Examination
The department offers students the opportunity
to attempt “credit by examination” for ACC 221, 222, and 235.
Information about the examination is available from the
department chair.
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. Offered Fall, Winter,
Spring, Summer.
ACC 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. Offered Fall, Winter, Spring, Summer.
ACC 235
Cr. 3
Survey of Accounting
Basic accounting principles and procedures;
the accounting equation, analysis of transactions and accounting
cycle. Introduction to financial, managerial and tax accounting
concepts and procedures for non-profits and governmental
entities. Prerequisite: Students must have successfully
completed a minimum of 12 credit hours (not open to students in
the College of Business Administration.) Offered occasionally.
The 300/400 level accountancy courses are open
only to those students who have been admitted to the business
program. Exceptions to this policy may be made only by the
College of Business Administration dean. (Students will be
allowed to register for ACC 321, Intermediate Accounting I,
without having been admitted to the business program.)
ACC 301
Cr. 3
Taxation for Non-Accountants
An introduction to the basic concepts of many
types of taxes affecting the individual with primary emphasis
placed on federal income tax. Selected other taxes studied
include property taxes, sales taxes, payroll taxes, gift and
estate taxes. (Not open for credit for accountancy majors.)
Offered Fall.
ACC 321
Cr. 4
Intermediate Accounting I
Generally accepted accounting principles
involved in the financial analysis and reporting on current
assets, plant and equipment, intangibles, liabilities and
capital of the accounting entity. An introduction to the theory
and application of generally accepted accounting principles and
the environment in which the principles were developed.
Prerequisite: ACC 222. Offered Fall, Spring.
ACC 322
Cr. 3
Intermediate Accounting II
An extension of the theory and application of
accounting principles involved in the financial analysis of
assets, liabilities and owners equity of the accounting entity.
Problem areas in accounting and financial reporting are
emphasized. Prerequisite: ACC 321. Offered Fall, Spring.
ACC 325
Cr. 3
Cost Accounting
A specific study of job order and process cost
systems used in the costing of a product, integrated with the
use of standard and estimated cost concepts in the operation of
these systems. The relationship of budgeting to profit planning
and business control. Prerequisites: ACC 222 and MTH 145.
Offered Fall, Spring.
ACC 327
Cr. 3
Accounting Information Systems
Procedures and problems in system design
applied to the financial operations of a business and the role
of the computer in processing financial information. Topics
covered are responsibility accounting systems, inventory
systems, sales analysis systems, and internal control.
Prerequisites: ACC 321 and IS 220. Offered Fall, Spring.
ACC 330
Cr. 3
Taxation I
A study of basic tax law affecting individuals
and businesses. This course includes basic tax research; tax
planning and tax return completion issues. Prerequisite: ACC
222. Offered Fall, Spring.
ACC 350
Cr. 2
Income Tax Practicum
Field instruction and practical experience in
federal and state income tax preparation. Prerequisite: Minimum
grade of “B” in either ACC 301 or 330. Repeatable for credit —
maximum four. Pass/Fail grading. Offered Spring.
ACC
400/500 Cr. 1-3
Accountancy Forum
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 six. Offered
occasionally.
ACC
418/518 Cr. 3
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: BUS 205 and senior accountancy
major. Offered Fall, Spring.
ACC
421/521 Cr. 3
Advanced Accounting
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 Fall, Summer.
ACC 422
Cr. 3
International Financial Reporting Standards
(IFRS)
The US CPA examining board's specifications
include International Financial Reporting Standards (IFRS)
coverage. IFRS has become a globally recognized basis for
financial accounting and reporting. IFRS is now the primary or
alternate basis of financial accounting and reporting in more
than 100 countries. This course provides students with exposure
to nearly all IFRS. This challenging course includes topics from
ACC 321, 322 and 421 in addition to IFRS topics not addressed in
those courses. While this course is not intended to be a
comparison to US Generally Accepted Accounting Principles (GAAP)
certain of the IFRS will be addressed in the context of US GAAP
to demonstrate how the two bases are similar and how the two
bases differ. Prerequisite: ACC 421 or concurrent enrollment in
ACC 421. Offered Fall.
ACC
430/530 Cr. 3
Taxation II
A study of advanced tax law affecting
individuals and businesses. This course will include advanced
tax planning and research. Prerequisite: ACC 330. Offered Fall,
Spring.
ACC
435/535 Cr. 3
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 322 or equivalent as
determined by ACC department chair and ACC 435/535 instructor.
Offered occasionally.
ACC
438/538 Cr. 3
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 145 and ACC 322, 327.
Offered Fall, Spring.
ACC 450
Cr. 1-6
College of Business Administration Internship
The internship program as conceived and
implemented is an unusual program designed to provide an
opportunity for students in the College of Business
Administration at the University of Wisconsin-La Crosse to
participate in an approved program with a cooperating business,
governmental or civic organization for usually 15 weeks of their
undergraduate work. Zero to six credits of ACC 450 is applicable
to accountancy major. For additional information, see internship
description under the College of Business Administration
heading. Repeatable for credit. Pass/Fail grading. Offered Fall,
Winter, Spring, Summer.
ACC 499
Cr. 1-3
Independent Study
Individual readings or research under the
guidance of a staff member. Open to selected advanced students
who have excellent records in the department. Registration with
the consent of the student’s regular adviser, the instructor and
the department chairperson. Repeatable for credit — maximum six.
Pass/Fail grading. Offered Fall, Winter, Spring, Summer.