Accounting Courses

ACC 101 FUNDAMENTALS OF ACCOUNTING I
An introduction to the principles of accounting with emphasis on preparation and analysis of general purpose financial statements and the accounting cycle--journal entry preparation and posting. Accounting for cash, receivables, inventory, long term assets, current liabilities and payroll will also be highlighted. Computer applications included. Three credit hours. Offered Fall semester (d); offered every semester (e).

ACC 102 FUNDAMENTALS OF ACCOUNTING II
This course is a continuation of ACC 101. Accounting topics to be covered will include partnerships, corporations, stocks and bonds, income tax and cash flow. Management accounting and budgeting will also be introduced. Computer applications included. Three credit hours. Prerequisite: ACC 101. Offered Spring semester (d); offered every semester (e).

ACC 298 SPECIAL TOPIC IN ACCOUNTING
(Topic to be specified each semester course offered.)

ACC 300 INCOME TAX ACCOUNTING
Provisions of the income tax code as it relates to individuals will be studied. Problems will be utilized to assist students in understanding the practical application of the tax regulations. Current issues in tax accounting and tax planning are also considered. Computer applications included. Three credit hours. Prerequisite: ACC 102. Offered Fall semester in odd numbered years (e).

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 Spring semester in odd numbered years (e).

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. Prerequisite: ACC 102. Offered Fall semester in odd numbered years (e).

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. Prerequisite: ACC 350. Offered Spring semester in even numbered years (e).

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. Prerequisite: ACC 351. Offered Fall semester in even numbered years (e).

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 prepara-tion 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. Prerequisite: ACC 351. Offered Spring semester in odd numbered years (e).

ACC 498 INDEPENDENT STUDY IN ACCOUNTING