ACCOUNTING COURSE DESCRIPTIONS

Writing Intensive Courses ** 

Accounting 240. Principles of Accounting I. Basics of the accounting cycle, including use of journals and ledgers, and the preparation of balance sheets and income statements. 3 credits. 

Accounting 242. Principles of Accounting II. Continuation of ACCT 240. Preparation of statement of cash flows. Accounting for owners' equity in partnerships and corporations, standard costs and budgeting, cost-volume-profit analysis, and analysis of financial data. Prerequisite: ACCT 240. 3 credits. 

ACCOUNTING 292.  Internship in Accounting.  A semester-long, on-the-job learning experience designed to apply the principles of accounting.  1-18 credits. 

Accounting 295. Special Topics in Accounting. Selected topics in accounting. Topics may vary from semester to semester. May be repeated for credit when topics change. Prerequisite: Permission of the instructor. 1-3 credits. 

Accounting 296. Legal Environment. A survey of the critical business law requirements that are needed for day-to-day business operations. Topics such as contracts, consumer protection, agency and bailments will be included. 3 credits. 

ACCOUNTING 311-312.  Studies Abroad.  Primarily intended for transfer of credit earned abroad in courses in accounting.  1-18 credits. 

Accounting 340. Intermediate Accounting I. Review of the accounting cycle; development of the theoretical foundation of financial reporting; accounting for assets; payroll accounting; additional topics related to current developments in financial accounting and reporting. Prerequisite: ACCT 242 with a C- or better. 3 credits. 

Accounting 341. Intermediate Accounting II. Continuation of ACCT 340. Accounting for assets, liabilities, stockholders' equity, and cash flows; financial statement disclosure and analysis; additional topics related to current developments in accounting. Prerequisite: ACCT 340. 3 credits. 

Accounting 342. Cost Accounting. The study of basic cost accounting systems and concepts. Consideration of inventory costing, cost variance analysis, budgeting, and managerial decision-making based on economic considerations. Prerequisite: ACCT 242 with a C- or better. 3 credits. 

Accounting 343. Managerial Accounting. Accounting concepts and techniques for managerial planning and control. Attention is given to budgeting, capital outlay decisions, evaluation of performance, and current and long-range planning. Prerequisites: ACCT 242 with a C- or better, CIMS 170, and MANG 275. 3 credits. 

Accounting 344. Tax Accounting I. A comprehensive study of income tax problems relating to individuals. These topics, among others, will be studied: income, exclusions, gain or loss on sales, exchange and involuntary conversions, deductions, exemptions and credits. Prerequisite: ACCT 242 with a C- or better. 3 credits. ** 

Accounting 345. Tax Accounting II.  A comprehensive study of income tax problems relating to partnerships, corporations, specially taxed corporations, estates and trusts. Prerequisite: ACCT 344. 3 credits. 

Accounting 346. Intermediate Accounting III. Continuation of ACCT 341. Accounting for leases, pensions, and income taxes; effect of accounting changes; revenue measurement and income presentation; accounting for partnerships; additional topics related to current developments in financial accounting and reporting. Prerequisite: ACCT 341. 3 credits. 

ACCOUNTING 390.  Directed or Independent Study.  Must be approved by the head of the department.  May be repeated as 391.  1-18 credits. 

ACCOUNTING 392.  Internship in Accounting.  A semester-long, on-the-job learning experience designed to apply the principles of accounting.  1-18 credits. 

Accounting 441. Accounting Theory. A study of current issues in accounting, including generally accepted accounting principles, APB opinions, and FASB statements. Prerequisite: ACCT 346. 3 credits. ** 

Accounting 442. Auditing. Examines auditing standards, procedures, internal control, programs and reports to clients, ethics and legal liabilities. Prerequisite: ACCT 341. 3 credits. ** 

Accounting 443. Governmental Not-For-Profit and Advanced Accounting. Fund and budget accounting for governmental and not-for-profit entities. Consolidated financial reporting for corporations. Prerequisite: ACCT 341. 3 credits. 

Accounting 445. Law for Accountants. This course is designed to present students concentrating in accounting with a broad overview of the legal environment of U.S. business operations with emphasis on areas of substantive law that entry level professional accountants are expected to know. 3 credits. 

Accounting 447. International Accounting. This course introduces students to the problems that the U.S. accountant faces when functioning in the global economy. The course starts with a survey of accounting systems around the world, including comparative financial accounting practices and efforts towards harmonization.  The second part of the course covers the international aspects of specific financial topics: accounting for price changes, foreign currency exposure and translation, and analysis of foreign financial statements. Prerequisite: ACCT 341. 3 credits. 

Accounting 448. Accounting Information Systems. This course covers the treatment of accounting information as a system to be managed. Topics include a general overview of management information systems; managing computer technology; transaction processing; systems security; systems planning and analysis; and database management. Students will also be exposed to data communications technologies. Prerequisites: ACCT 340, CIMS 170, and junior status.  3 credits. 

Accounting 461. Accounting Seminar. A study of selected problems in accounting, including governmental, legal, cost, financial, tax, auditing, and current methods. Prerequisites: ACCT 296, 342, 344, 346, and 442. 3 credits. 

ACCOUNTING 490.  Directed or Independent Study.  Must be approved by the head of the department.  May be repeated.  1-18 credits. 

Accounting 492. Internship: Accounting. An on-the-job learning experience designed to apply accounting principles. Prerequisites: Cumulative GPA of 2.0 or greater, 60 credits, declared business or economics major or minor, and permission of internship instructor. 1-6 credits. 

Accounting 495. Special Topics in Accounting.  An individually designed course that allows the student to pursue advanced topics in specific accounting areas. Topics may vary from semester to semester. May be repeated for credit when topics change. Prerequisite: Permission of the instructor. 1-3 credits. 

ACCOUNTING 498.  Honors Research in Accounting.  Students conduct research in accounting under the direction of a faculty member and the Senior Honors Research Committee.  May be repeated as 499.  3 credits.