Accounting
ACC 101
Financial Accounting
An introduction to basic accounting theory and principles for recording, summarizing and reporting financial data. The course emphasizes the analysis of business transactions and the understanding and preparation of financial statements. Satisfies the General Studies Foundations Quantitative Reasoning requirement.
ACC 110
Computer Applications in a Business Environment
An introduction to the use of computers as an accounting and business management tool. Students will use various packages to prepare forecasts, budgets, financial statement analyses, and management reports.
ACC 201
Intermediate Accounting
An introduction to the conceptual framework of accounting. Corporate financial statements and related accounting and reporting issues are studied in depth. The time value of money, investments and operating assets are among topics discussed.
Prerequisite: ACC 101
ACC 202
Intermediate Accounting
The study and analysis of accounting and reporting problems associated with earnings per share, pensions, leases, deferred taxes and cash flow statements.
Prerequisite: ACC 201 or permission of instructor
ACC 220
Managerial Accounting
Managerial accounting is an introduction to how accounting information is used by management in planning, controlling, and decision-making processes. A framework for measuring managerial performance is developed through an analytical treatment of cost behavior under dynamic conditions by employing tools such as job costing, process costing, activity-based costing, variable costing, cost estimation, cost-volume-profit analysis, budgeting, standard costing, differential costing, and capital budgeting. The use of costs in decision-making contexts is emphasized.
Prerequisite: ACC 101
ACC 283
Special Topics
A seminar designed to study and explore the critical challenges facing accounting professionals in the 21st century. Current areas of interest include: global dimensions in accounting, public oversight, standard setting in a changing environment, self-regulation and industry specialization.
Prerequisite: ACC 101 or permission of instructor
ACC 325
Cost Accounting
Cost accounting provides key data to managers for planning and controlling, as well as for costing products and services. This course examines the accountant’s role in the organization as both decision maker and data provider. Some of the topics covered include relevant costs and the decision process, inventory management and variance analysis.
Prerequisite: ACC 101
ACC 330
Tax Accounting
An introduction to the federal income tax code as it relates to individuals and business entities. The course covers income, deductions and losses comprising taxable income, property transactions and the determination of tax liability. Application of the tax law is practiced with basic tax research, tax planning and tax return preparation.
Prerequisite: ACC 101
ACC 331
Advanced Tax Accounting
Advanced study of tax law with emphasis on the formation and operation of business entities. An introduction to tax issues relating to gifts, estates, trusts and state taxes. Tax research and case analysis for corporations, property transactions and other selected topics.
Prerequisite: ACC 330
ACC 338
Advanced Accounting
The study and analysis of accounting and reporting principles for a variety of business entities and for not-for-profit organizations. Topics include business combinations, partnerships, multinational operations, SEC reporting and fund accounting.
Prerequisite: ACC 202
ACC 360
Corporate Governance and Reporting
The rise in fraudulent financial reporting and the failure of the independent audit function initiated Congressional action and new regulations for publicly traded corporations. Securities and Exchange Commission (SEC) mandates significantly impacted the responsibility of corporate management and brought historic changes in corporate governance, internal controls and financial reporting. This course explores highlights of the new regulations and how corporations respond to expectations and disclosures implemented to improve corporate governance and financial reporting. Participants study and analyze traditional and changing issues of reporting, with a focus on corporate visions, missions and strategies as reflected in a company’s financial information and reports.
Prerequisites: ACC 201 and 202
ACC 382
Internship
Internships provide the opportunity for students to integrate their academic studies with relevant professional work experience. Internships are considered independent study and are subject to departmental approval and supervision. In addition to job performance and evaluation, students must prepare written reports and oral presentations.
Prerequisite: ACC 202
ACC 408
Auditing
A comprehensive introduction to the audit environment through the study of generally accepted auditing standards, the Code of Professional Ethics and legal liability. An in-depth coverage of the independent audit function, including risk analysis, planning, the study and evaluation of internal control, audit procedures and audit reports.
Prerequisite: Senior status or permission of instructor
ACC 428
Fraud Examination
This course explores the theories, practices and schemes inherent in fraudulent financial statements, corruption and asset misappropriation. The course emphasizes the issues and problems of business enterprises and the critical role of management and auditors in preventing and detecting fraudulent activities. Students read, review, discuss and analyze cases, which encompass financial reporting, criminology and ethics, forensic reporting and audit engagements. They will prepare independent research reports on selected areas of interest in accounting, business or criminology.
Prerequisite: Senior status or junior status with permission of instructor.
ACC 470
Strategic Cost Management
Management personnel, in all organizations, utilize cost accounting principles and methods for strategic decision making. Costs control, resource allocation, cash flows management, budgeting, risk analysis and uncertainties are all part of a mission and strategy for development, growth and operations. This course integrates quantitative methods and management visions and strategies to measure and evaluate performance in actual case settings. Using individually selected organizations, students identify visions, missions and plans for strategic position. Assessments and conclusions are prepared using financial reports and analysis.
Prerequisite: ACC 325
ACC 480
International Accounting Seminar
A study of the rapidly emerging field of international accounting and the accounting issues affecting multinational corporations, with a closer look at the complexities of dealing with information across national boundaries.
Prerequisites: ACC 201, 202 and senior standing
ACC 492
Senior Accounting Seminar
Study of current issues and developments in accounting theory, corporate reporting, professional standards, and international topics with selected readings, case analysis and discussion. Intensive individual research on selected topics with a senior thesis and paper presentation.
Prerequisite: Senior standing
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