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Undergraduate Course Descriptions: Accountingnext

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ACCOUNTING

ACC 101 FINANCIAL ACCOUNTING

This is an introduction to the principles of accounting with emphasis on preparation of general purpose financial statements. This includes service organizations and merchandisers. An in-depth coverage of corporate securities, income tax and cash flow is included. Other topics reviewed include the accounting cycle-journal entry preparation and posting and elements of the balance sheet. Finally, financial statements will be analyzed through various analytical procedures. Computer applications included. A lab will be required of all students for problem solving, discussion and any questions. This requirement will be waived as long as a student maintains a minimum of a B average in the course and has satisfactorily completed all homework assignments. Three credit hours. Prerequisites: none. Offered fall semester.

ACC 102 MANAGERIAL ACCOUNTING

This course is a continuation of ACC 101. The different forms of business organizations are compared including corporations, partnerships and limited liability companies. The balance sheet will continue to be analyzed. Management accounting will be introduced. Topics including accounting for a manufacturer including job order and process costing, cost-volume-profit analysis and budgeting. Computer applications included. Three credit hours. Prerequisites: ACC 101. Offered spring semester.

ACC 298 SPECIAL TOPIC IN ACCOUNTING

Topic to be specified each semester course offered.

ACC 300 INCOME TAX ACCOUNTING

Provisions and procedures of federal and state income tax laws for individuals will be studied. Problems will be utilized to assist the student in understanding the practical application of those regulations. Current issues in tax accounting and tax planning are also considered. Computer application included. Three credit hours. Prerequisites: ACC 102. Offered spring semester in odd numbered years.

ACC 305 COST ACCOUNTING

This course develops the use of accounting data and the basic technical understanding to be applied internally by managers in directing the affairs of an organization. Such topics as budgeting, cost-volume-profit relationships, job-order and process costing, and standard costs will be covered. Computer applications included. Three credit hours. Prerequisites: MAT 110 or MAT 115; and ACC 102. Offered fall semester in odd numbered years.

ACC 350 INTERMEDIATE ACCOUNTING I

This course serves to elevate the competence level of the student’s accounting skills so that a working knowledge of financial accounting is possible. The course commences with a review of basic financial accounting principles and develops further the areas of asset valuation, income measurement, complete financial statement preparation, and time value of money. Computer applications included. Three credit hours. Prerequisites: ACC 102. Offered fall semester in odd numbered years.

ACC 351 INTERMEDIATE ACCOUNTING II

This course will develop, at the intermediate level, a thorough understanding of the equity area of accounting. Topics to be covered will include capital stock, retained earnings, treasury stock, stock rights and warrants. The course also will provide coverage of long-term debt, pensions, leases, earnings per share, income recognition and cash flow. Computer applications included. Three credit hours. Prerequisites: ACC 350. Offered spring semester in even numbered years.

ACC 377 FIELD EXPERIENCE I

This course provides the student with both observational and “hands-on” learning experience through participation in an internship, ideally in the field in which the student will be seeking employment. Students who are already on an established career path may enhance their visibility in the organization by completion of a special project related to their careers, subject to prior instructor approval. Three credit hours. Prerequisites: ACC 351, junior standing and a 2.0 cumulative GPA. Offered fall and spring semesters.

ACC 398 SPECIAL TOPIC IN ACCOUNTING

Topic to be specified each semester course offered.

ACC 410 ADVANCED ACCOUNTING

This course will provide an in-depth emphasis on the accounting procedures and disclosures regarding combined corporate entities and consolidations. Additional topics to be covered in this course include branch accounting, segment reporting, foreign operations, partnerships and bankruptcies. Computer applications included. Three credit hours. Prerequisites: ACC 351. Offered spring semester in even numbered years.

ACC 430 AUDITING

This course will focus on the standards and procedures of the auditing function within the industry. The course will provide an understanding of the standards of ethical conduct; auditor’s legal responsibility and liability; meaning, significance, and preparation of an auditor’s report; nature of audit evidence; internal control and tests; and the importance of EDP in auditing. Statements on auditing standards from the AICPA are reviewed. Computer applications included. Three credit hours. Prerequisites: ACC 351. Offered fall semester in odd numbered years.

ACC 477 FIELD EXPERIENCE II

This is a continuation of the business exposure completed in the Field Experience I. A minimum of 120 work hours is required, but the performance level of the assignment is expected to be higher than the level I assignment. Students may again elect to complete a project related to their careers, but it must be demonstrative of a higher level competence and difficulty, and approved by the program chair. Three credit hours. Prerequisites: ACC 430, Senior Standing, 2.0 Cumulative GPA. Offered fall and spring semesters.

ACC 498 INDEPENDENT STUDY IN ACCOUNTING

Topic to be specified each semester course offered.