Accounting Department

Below is a list of Undergraduate Courses Offered

Accounting Major Courses (3 Credits)

ACC 305 - Intermediate Accounting 1
Conceptual framework and accounting standards, accounting system and recording procedures; elements and format of the balance sheet, income statement and statement of cash flows; valuation and reporting of cash, receivables, inventories and cost of goods sold, plant and equipment and depreciation, intangibles and depletion, current liabilities and contingencies.
Additional laboratory hour required; Prerequisite: BUS 202; Offered Fall Semester.

ACC 310 - Intermediate Accounting 2
Time value of money; valuation and reporting of bonds payable and long-term notes, corporate capital and dividends; earnings per share, capital structure and dilutive securities; revenue recognition, income taxes and operating losses, accounting changes and error analysis; preparation of the statement of cash flows; full disclosure and financial statement analysis.
Additional laboratory hour required; Prerequisite: ACC 305; Offered Spring Semester.

ACC 315 - Cost Measurement and Analysis
Cost terminology and classification, cost behavior and estimation methods and cost allocation procedures; job, process, just-in-time and activity-based costing systems; flexible budgets, cost standards and direct cost, overhead and revenue variance analysis; transfer pricing methods and effects; role of the controller in a business organization.
Additional laboratory hour required; Prerequisite: BUS 202; Offered Spring Semester.

ACC 405 - Federal Income Taxation 1
Taxation of individuals; gross income inclusions and exclusions; personal and business-related deductions; investment gains and losses; basis for property transactions and gain and loss recognition; capital gains and losses; tax credits and alternative minimum tax; accounting periods and methods; review of applicable Internal Revenue Code provisions and regulations.
Prerequisite: BUS 202; Offered Fall Semester.

ACC 410 - Federal Income Taxation 2
Property transactions and capital gains and losses; corporate formation and capital structure, distributions, liquidations and reorganizations; accumulated earnings and personal holding company taxes; partnership formation, operation and distributions and S corporations; review of applicable Internal Revenue Code provisions and regulations.
Prerequisite: ACC 405; Offered Spring Semester.

ACC 411 - Government and Nonprofit Accounting
Accounting principles and financial reporting for state and local government units and nonprofit health-care and educational entities; fund types and transaction accounting; accounting for government operations, business-type and fiduciary activities, capital projects and debt; regulatory and audit requirements and budgeting and taxation issues.
Prerequisite: ACC 310; Offered Fall Semester.

ACC 413 - Advanced Financial Accounting
Nature of pensions, reporting expense and minimum liability, other postretirement benefits; leases and accounting by lessees and lessors, special leasing situations; investments in debt and equity securities, holding period and equity method; purchase method of business combinations, consolidated statements at and subsequent to acquisition and intercompany transactions.
Prerequisite: ACC 310; Offered Fall Semester.

ACC 420 - Auditing Principles and Procedures
Role of the public accountant, professional standards and ethics and auditor legal liability; audit planning, evaluation of risk and internal control and designing audit programs; audit evidence and documentation, testing and sampling; audit procedures for assets, liabilities and operations; completing the audit and preparing reports.
Prerequisite: ACC 413 or Senior standing; Offered Spring Semester.

Accounting Course for Nonmajors (3 Credits)

ACC 330 - Analysis of Financial Statements
Accounting standards, financial reporting and auditor’s report; the balance sheet, income statement and statement of cash flows; statement analysis overview and analytical techniques; analysis of financing, operating and investing activities; liquidity, solvency, profitability and investment return analysis; analysis of cash flows, earnings and equity valuation.
Required for finance and business administration majors and elective for other business students; Not open to accounting majors. Prerequisite: BUS 202; Offered Fall and Spring Semesters.

Business Core Courses (3 Credits)

BUS 201 - Principles of Financial Accounting
Introduction to the nature and purpose of financial accounting; use, preparation and content of financial statements; procedures and records used to record business transactions; operations of service and merchandising businesses; nature, valuation and analysis of assets, liabilities, stockholders’ equity, revenues, expenses and cash flows.
Prerequisite: None; Offered Fall and Spring Semesters and Summer Session.

BUS 202 - Principles of Managerial Accounting
Introduction to managerial accounting; role of accounting within an organization; classification, behavior, estimation, allocation and reporting of costs; manufacturing operations and costing systems; budgets and cost standards for planning and controlling operations; use of accounting data for evaluating performance and as the basis for managerial decision making.
Prerequisite: BUS 201; Offered Fall and Spring Semesters and Summer Session.

Professional Studies Program Course (4 Credits)

BUS 2010 - Principles of Accounting
Introduction to accounting concepts and the form, content and relationship of financial statements; business transactions and the accrual basis of accounting; nature, measurement and analysis of assets, liabilities, owners’ equity, revenues, expenses and cash flows; systems for recording and assignment of costs; cost behavior and cost-volume-profit relationships; budgeting and standards for planning and control; analysis for decision making and approaches to product pricing.
Prerequisite: None; Offered Fall Trimester.