ACCOUNT COURSE DESCRIPTIONS

ACCOUNT 244     INTRODUCTION  TO  FINANCIAL  ACCOUNTING      3 u
 An introduction to financial accounting emphasizing the accounting cycle, basic financial statements, and discussions of cash, receivables, inventories, long-tern assets, liabilities, and stockholders' equity.
Prereq:  Soph st.

 ACCOUNT 249     INTRODUCTION TO MANAGERIAL  ACCOUNTING          3 u
 Interpretation and use of accounting data by management in planning and  controlling business activities. Problems of internal management are stressed; however, the use of accounting data by investors and potential investors is discussed.  Non-accounting majors who have already received credit for ACCOUNT 342 may not receive credit for this course.
Prereq:  ACCOUNT 244.  Unreq:  ACCOUNT 342.

 ACCOUNT 341/541     INTERMEDIATE ACCOUNTING I         3 u
This course focuses on accounting for assets (except investments) such as cash, receivables, inventories, plant assets, and intangible assests. This course also presents a detailed discussion of the standard-setting process, conceptual framework, accounting cycle, income statement, statement of financial position, and theoretical and practical aspects of the time-value of money in accounting.Prereq: ACCOUNT 244.

ACCOUNT 342     COST MANAGEMENT I          3 u
The relevancy of accounting information in decision making, including cost concepts, cost behavior decision models, budgeting, and performance evaluation. Non-accounting majors who have already received credit for ACCOUNT 249 may not receive credit for this course.
Prereq:  ACCOUNT 244.  Unreq:  ACCOUNT 249.

 ACCOUNT 343/543     INTERMEDIATE ACCOUNTING II         3 u
This course continues the coverage of financial accounting topics started in ACCOUNT 341/541. Specific topics include accounting of investments, current liabilities, long-term liabilities (bonds, notes, leases, pensions), stockholders' equity, deferred income taxes, accounting changes, and other specialized financial accounting topics. This course emphasizes the application, interpretation, and analysis of accounting principles and procedures for complex accounting and reporting topics. Prereq: ACCOUNT 341.

 ACCOUNT 451/651      TAX I          3 u
A study of federal income tax laws with emphasis on the individual taxpayer, particularly of employees and sole proprietors.  The study includes a review of current proposals, discussion of practical problems in tax planning and practice in the preparation of tax returns.
Prereq:  ACCOUNT 244 or ACCOUNT 701.

 ACCOUNT 452     TAX II          3 u
A study of federal income tax laws with special emphasis on the treatment of corporations (C and S), partnerships, estate and gift tax, income tax of estates and trusts, taxation of exempt entities, and tax research.
Prereq:  ACCOUNT 451 and completion of ACCOUNT 341, ACCOUNT 342, and ACCOUNT 343. A 2.5 gpa in ACCOUNT 341, ACCOUNT 342 and ACCOUNT 343.

 ACCOUNT 454     ACCOUNTING INFORMATION  SYSTEMS        3 u
 A study of the objectives and design of financial information systems.  The impact of information technology on the gathering, processing and reporting of financial and operating information.  Applications in  financial information systems analysis and design with emphasis on the information requirements for business decision making and improvement to business processes.
Prereq:  A 2.5 gpa in ACCOUNT 341, ACCOUNT 342 and ACCOUNT 343.

 ACCOUNT 456      COST  MANAGEMENT II          3 u
An in-depth study of product costing including cost allocations, process costing, job order costing, activity-based costing, standard costs and variance analysis.
Prereq:  ACCOUNT 342 or ACCOUNT 249 and cons instr.

 ACCOUNT 458     ADVANCED MANAGERIAL  ACCOUNTING       3 u
 This course will investigate the importance, use, and limitations of accounting information in economic, financial, and management decision models. In addition, this course will examine the accountant's communicative role in providing information to decision makers, including ethical considerations.
 Prereq: Senior Status and ACCOUNT 341, ACCOUNT 451, MANGEMNT 306 and ACCOUNT 456 or ACCOUNT 249 and consent of instructor.

 ACCOUNT 459     SPECIAL FINANCIAL ACCOUNTING  TOPICS       3 u
 A continuation of the financial accounting coverage started in Intermediate I and Intermediate II. Major areas include: 1) a comprehensive examination of EPS, 2) partial operations and SEC reporting requirements, and 3) Revenue Recognition. Also, recent Pronouncements not covered in ACCOUNT 341 and ACCOUNT 343 will be covered.
 Prereq: ACCOUNT 343.

 ACCOUNT 461     ADVANCED ACCOUNTING I          3 u
This course presents an indepth examination of accounting for business combinations including mergers, parent-subsidiary relationships, and consolidated statements. It also covers accounting for partnerships, foreign currency translations, and an introduction to international accounting.
Prereq:  A 2.5 GPA in ACCOUNT 341, ACCOUNT 342 and ACCOUNT 343.

 ACCOUNT 463     ADVANCED ACCOUNTING II         3 u
This course is designed to provide students with an in-depth study of accounting for state and local governments, colleges and universities, health-care entities, and voluntary health and welfare ogranizations. Special topics include auditing non-profit entities, anaylsis of governmental financial statements, and accounting for special-purpose entities. Finally, students will examine the differences between private and public sector accounting, including ethical considerations in the public sector.
Prereq:  A 2.5 GPA in ACCOUNT 341, ACCOUNT 342 and ACCOUNT 343

 ACCOUNT 465     AUDITING         3 u
Auditing, attestation, and assurance services. Materiality, audit risk, and evidence. Audit planning, sampling, and assessing internal controls. Tests of controls and substantive tests. Auditing EDP systems. Audit reports. AICPA standards, professional ethics, and legal liability.
 Prereq: ACCOUNT 454 and 2.5 GPA in ACCOUNT 341, ACCOUNT 342 and ACCOUNT 343.

 ACCOUNT 493     INTERNSHIP IN ACCOUNTING         2-6 u
Offered on a satisfactory/no credit basis only. An opportunity for selected upperclassman to gain work experience in one of the various areas of accounting practice during a semester or summer. Course includes close faculty-employer coordination and an appropriate written report on the work experience. Repeatable.
 Prereq: Consent of instructor.

 ACCOUNT 498     INDEPENDENT STUDIES         1-3 u
Repeatable. Prereq: Cons dept chp.
 
 

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