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2012-2013 Academic Catalog and Handbook

Accounting (ACCT) Courses

Additional courses are listed under Business and Economics.

ACCT 271 Principles of Financial Accounting
3 hours. Accounting is the language of business. This course provides an introductory overview of accounting from a user perspective. Its purpose is to give students a basic understanding of the logic behind the principles of accounting, enabling them to prepare, read, analyze, and interpret financial statements for the purpose of decision making.
Prerequisite: BUSN 110 (may be taken concurrently); sophomore standing or above.

ACCT 272 Principles of Managerial Accounting
3 hours. This course is a continuation of ACCT 271. It emphasizes the uses of accounting data by management to make both planning and control decisions. Students will continue to analyze financial statements to assess a company's liquidity, profitability, capital structure, and stock market ratios. Students will also develop operating budgets and use them to evaluate performance. Cost information will be classified by behavior, and allocated under a cost-beneficial system that assists managers in using relevant costs for decision making.
Prerequisite: ACCT 271 Principles of Financial Accounting.

ACCT 275 Field Experience
1-3 hours. An on-the-job experience designed to acquaint the student with the accounting profession.

ACCT 285 Selected Topics
1-3 hours. Occasional special courses chosen to fit the interests and needs of students and faculty.

ACCT 350 Taxation
3 hours. This is an introductory course on fundamental concepts in taxation. The objective of this course is learning to recognize major tax issues inherent in business and financial transactions. The course will emphasize measurement and taxation of business income, along with an introduction to taxation of individuals.
Prerequisite: ACCT 271 Principles of Financial Accounting.

ACCT 370 Accounting Information Systems
3 hours. This course will emphasize the mechanical aspects of accounting and will cover both manual and computerized accounting systems. The course is designed for the accounting major.
Prerequisite: ACCT 271 Principles of Financial Accounting.

ACCT 371 Financial Accounting and Reporting I
3 hours. A comprehensive study of generally accepted accounting principles, including a review of their historical development and a thorough study of the underlying theory supporting them. A detailed study of many specific problems associated with the measurement and reporting of complex business transactions.
Prerequisite: ACCT 271 Principles of Financial Accounting.

ACCT 372 Financial Accounting and Reporting II
3 hours. A comprehensive study of generally accepted accounting principles, including a review of their historical development and a thorough study of the underlying theory supporting them. A detailed study of many specific problems associated with the measurement and reporting of complex business transactions.
Prerequisite: ACCT 371 Financial Accounting and Reporting I.

ACCT 373 Financial Accounting and Reporting III
3 hours. A comprehensive study of generally accepted accounting principles, including a review of their historical development and a thorough study of the underlying theory supporting them. A detailed study of many specific problems associated with the measurement and reporting of complex business transactions.
Prerequisite: ACCT 371 Financial Accounting and Reporting I.

ACCT 399 Cross-Cultural Study
3 hours. This course offers in-depth discipline specific cross-cultural study designed to enhance the intercultural emphasis of various academic majors. The course includes class meetings followed by travel to various locations throughout the world. Students will use core disciplinary knowledge to serve, learn and interact with other cultures. (Offered in May Term. Students must meet eligibility requirements.) Additional course fee is required.

ACCT 405 Volunteer Tax Assistance
1 hour. This course is being offered in conjunction with the Internal Revenue Service and the AARP to give the student skills and training needed to prepare income tax returns for low-to-moderate income people in the community. We will offer free tax preparation and electronic filing for the community.

ACCT 471 Advanced Accounting
3 hours. Accounting for specific types of entities, such as partnerships and not-for-profit organizations. The accounting problems encountered in business combinations and foreign currency translation will be studied.
Prerequisites: ACCT 272 Principles of Managerial Accounting and ACCT 370 Accounting Information Systems.

ACCT 472 Auditing
3 hours. An introduction to the standards and procedures observed by Certified Public Accountants in the examination of financial statements. Special areas of study will include evaluation of internal control, ethical considerations, legal environment, the auditor's reports, and evidence-collecting and evaluation.
Prerequisites: ACCT 272 Principles of Managerial Accounting and ACCT 370 Accounting Information Systems.

ACCT 475 Field Experience
1-6 hours. Supervised experiences in businesses, nonprofit organizations, and public agencies.

ACCT 480 Corporate Taxation
3 hours. This course is an expansion of how tax laws affect individuals, partnerships, corporations, and S corporations. Additional topics in taxation are introduced with emphasis on laws applicable to estates, gifts, trusts, and tax exempt organizations.
Prerequisites: ACCT 350 Taxation.

ACCT 481 Management Accounting
3 hours. A critical examination of systems for cost accounting and managerial control. Emphasis on development of skills to critique cost and control systems and to understand the dynamic relationship between systems, operations, strategy, and performance evaluation.
Prerequisites: ACCT 272 Principles of Managerial Accounting.

ACCT 485 Selected Topics
1-3 hours. Occasional special courses chosen to fit the interests and needs of students and faculty.

ACCT 495 Special Study
1-3 hours. Independent study of subjects outside regular offerings.
Prerequisite: by permission only.

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