ACC - Accounting Course Descriptions
Financial accounting introduces the student to the accounting process of analyzing, recording, summarizing, and reporting of financial data to provide information useful in the decision making process. Topics of study include the accounting cycle, financial statement preparation, cash, investments, receivables, inventory, long-term assets, current liabilities, payroll, long-term liabilities, owner equity accounts and financial statement performance measures.
Is a study of techniques involved in the gathering, recording, and interpretation of accounting and statistical data used in the solution of internal management problems. The use of cost data and the interpretation of cost reports, measurement of managerial control, establishment of operating and financial standards, and construction, analysis, and interpretations of reports are analyzed.
Examines the role of the accounting information system as a component of management information systems. Text and lecture material covering data processing, the flow of information in major transaction cycles, internal accounting and data processing controls, functions of database files in the accounting process, and technological advances in accounting provide the student with an in-depth understanding of the financial processing that occurs within the accounting environment.
Develops an understanding of the role of auditor in the financial reporting process. The course focuses on the philosophy and methodology of the auditing process as well as the "hands-on" preparation of audit work papers. Audit programs, audit testing, internal control evaluation, sampling, ethics, and legal liabilities are discussed within the framework of the Statements on Auditing Standards.
Further develops the portfolio of decision-making tools available to the cost accountant, including cost-volume-profit analysis, the activity resource usage model and relevant costing, and capital investment analysis. Budgeting, standard costing, strategic cost management, life-cycle cost management, and quality costing are also examined.
Develops the underlying accounting theories that are the logical basis for preparing meaningful financial statements. Topics include the conceptual framework of accounting theory as it relates to the nature, composition, and valuation of assets, liabilities, and equities. Other topics include the determination of revenue and expense and financial statement reporting and disclosure.
Continues and enhances the theoretical considerations and practical applications introduced in ACC 304. This course expounds upon such topics as the corporate form of business organization, stock transactions affecting the organization, accounting for long-term debt issues, stock option incentive plans, earnings per share, employer pension plans, operating and capital leases, accounting for income taxes, and cash flow preparation and analysis.
Is a work-experience opportunity with the purpose of expanding education by applying accumulated knowledge in accounting. The availability of internships is limited to upper-level students, normally juniors and seniors with a 3.0 quality point average. Students are approved individually by the academic department. A contract can be obtained from the Career Services Office. Internships count as general electives.
Accounting senior standing and permission of the chair. Internships must be preapproved.
Emphasizes consolidation of parent and subsidiary financial statements. Detailed topics include inter-company transactions such as the sale of inventory, operating assets, bonds/notes payable, and leases. Additional topics include changes in the controlling interests and indirect and mutual holdings. Special emphasis is placed on the working paper techniques involved.
Includes the study of various special topics such as partnership accounting, foreign exchange and the multi-national enterprise, insolvency, estate and trust accounting, and other current accounting topics.
Provides an understanding of the basic philosophy of taxation, including its uses as a political and economic tool. The course focuses primarily on individual taxation including the determination of gross, adjusted, and taxable income; and deductions, credits, and the calculation of various individual taxes.
Provides an understanding of special topics in individual taxation, as well as the taxation of corporations, partnerships, S-Corporations, estates, and trusts. The course also introduces tax research methodology using both printed and electronic media.
Special Topics in Financial Reporting is a senior-level capstone course geared toward providing students with an in-depth analysis on accounting issues such as leases, pensions, income taxes, cash flow analysis, government and not-for-profit topics, and current issues confronting the accounting profession.
Course provides students with the tools needed to understand the concept of white-collar crime and the skills and techniques needed to prevent, detect and investigate fraud. It will also assist students in communicating investigative findings in cases of complex financial fraud.
Educates participants on the phenomenon of fraud, the methodologies of fraud examination, the fraud investigation process, the role of financial statements in capital markets and the nature of financial statement fraud. Course provides an overview of fraud, including reasons as to why and how fraud is committed, how it is fought, and the methods of fraud prevention, detection and investigation. Management fraud is also discussed, and its relationship to financial statement fraud.
Requires the accounting major to develop and produce a paper on a topic within the student's area of interest. This is required of all seniors majoring in accounting and written under the guidance of the accounting faculty.