Accounting Minor

Overview

The accounting minor is designed to provide students in other majors a deeper understanding of accounting and how it impacts organizations.

Minor Requirements

18 credit hours

Complete the following:

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 and Sophomore standing or above.
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.
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 and ACCT 272 Principles of Managerial Accounting.
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.

Choose six semester hours from the following courses:

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. Prerequisites: ACCT 271 Principles of Financial Accounting and ACCT 272 Principles of Managerial Accounting.
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 and ACCT 272 Principles of Managerial Accounting.
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.
This class will explore the use of analytics by professional accountants. Starting with the generation of business question, students will use a decision-making framework to draw appropriate and ethical conclusions to business problems. Students will understand the principles of data analysis, including but not limited to, systems, collecting, cleaning, analyzing and visualizing data. During the course, students will also gain hands-on experience with software tools used by accounting professionals. Prerequisites: MATH 180 College Algebra, CSIS 201 Introduction to Computer Science, ACCT 370 Accounting Information Systems, and ACCT 371 Financial Accounting & Reporting I.
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.
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 370 Accounting Information Systems, ACCT 371 Financial Accounting and Reporting I and CSIS 201 Introduction to Computer Science.
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. Prerequisite: ACCT 350 Taxation.
Occasional special courses chosen to fit the interests and needs of students and faculty.