Accounting (ACCT)

ACCT 102. Fundamentals of Accounting

Credits: 3
Typically Offered: FALLSPR
Begins with an overview of the accounting process then covers computerized accounting procedures, accounting cycle, financial statements, cash, voucher systems and controls, notes and interest, deferrals and accruals, receivables and temporary investments, and inventories using a fully integrated accounting software package. This course will not fulfill the accounting requirement for accounting and/or business administration majors.

ACCT 200. Elements of Accounting I

Credits: 3
Typically Offered: FASPSU
Covers accounting procedures, accounting cycle, financial statements, deferrals and accruals, cash receivables and temporary investments, inventory, plant and intangible assets, current liabilities (including payroll and taxes). The course concludes with a practice set which focuses on a sole proprietary entity.

ACCT 201. Elements of Accounting II

Credits: 3
Prerequisite: ACCT 200.
Typically Offered: FASPSU
Covers accounting procedures, corporate entities, transactions involving stocks, bonds, and dividends, consolidated statements, financial statement analysis, annual reports, statements of cash flows, an introduction to managerial accounting using job order and process cost systems, budgeting and a practice set.

ACCT 215. Business in the Legal Environment

Credits: 3
Typically Offered: SPRING
This course, taught by a local attorney, is a study of the nature, formation, and application of law in general, with emphasis on public law and the regulation of business.

ACCT 218. Computer Applications in Business

Credits: 3
Prerequisite: ACCT 102 or ACCT 200.
Typically Offered: FALLSPR
A study of accounting applications using computers, including programs on accounts receivable, accounts payable, payroll and inventories. This course is taught using software currently used in the business working environment. This course will not fulfill the accounting requirement for accounting and/or business administration majors.

ACCT 225. Business Law I

Credits: 3
Typically Offered: FALLSPR
This course, taught by a local attorney, covers introduction to law, contracts, agency, employment, and negotiable instruments.

ACCT 231. Income Tax Procedure

Credits: 3
Typically Offered: FALLSPR
This course explores the basic principles of federal income tax relating to individuals and partnerships. Focus will be placed on potential challenges with the application and interpretation of the Internal Revenue Code.

ACCT 305. Cost Accounting

Credits: 3
Prerequisite: ACCT 201.
Typically Offered: FALLSPR
Principles of cost management methods used to assign costs, and plan and evaluate business activities.

ACCT 315. Principles of Taxation

Credits: 3
Typically Offered: FALLSPR
Study of the theory and principles related to the determination of taxable income and computation of federal income taxes focused on tax law related to partnerships, corporations, trusts and estates and other specialized tax issues.

ACCT 330. Financial Statement Reporting and Analysis

Credits: 3
Prerequisite: ACCT 332.
Typically Offered: FALLSPR
Students review and prepare financial statements used to report financial performance. Students will then apply techniques to analyze the information to determine the meaning and significance of the information to the business entity, as well as external users such as investors, bankers, and regulatory entitles. Students will be preparing and analyzing a variety of statements throughout the course.

ACCT 331. Intermediate Accounting I

Credits: 3
Prerequisites: ACCT 201.
Typically Offered: FALLSPR
An intensive study of financial accounting theory and practical applications as it relates to the preparation and analysis of financial statements, current assets, current liabilities, plant and equipment, and their related revenue and expenses. Students will go further in depth to the concepts introduced in ACCT 200 and 201.

ACCT 332. Intermediate Accounting II

Credits: 3
Prerequisite: ACCT 331.
Typically Offered: FALLSPR
An intensive study of financial accounting theory and practical applications as it relates to current and contingent liabilities, bonds and long-term notes, leases, taxes, pensions, shareholders equity, earnings per share, accounting changes and error corrections, and the statement of cash flows. Students will go further in depth to the concepts introduced in ACCT 200 and 201.

ACCT 345. Government/Fund Accounting

Credits: 3
Prerequisite: ACCT 332.
Typically Offered: FALLSPR
Covers accounting principles for state and local government units and other entities operating with fund accounting. Topics include budgetary accounting, the preparation of reports and statements, and the use of special funds.

ACCT 346. Non-Profit Accounting

Credits: 3
Prerequisite: ACCT 345.
Typically Offered: FALLSPR
Covers accounting principles for non-profit organizations including but not limited to hospitals, charitable organizations, and social advocacy groups.

ACCT 417. Advanced Accounting

Credits: 3
Prerequisite: ACCT 332.
Typically Offered: SPRING
A study of advanced financial accounting topics including business combinations, consolidated statements, partnerships, and translation of foreign statements.

ACCT 423. Enterprise Risk Management

Credits: 3
Prerequisite: ACCT 332.
Typically Offered: FALLSPR
This course will focus on an analysis of internal and external exposures of risk to business, applying risk mapping and risk identification, and aligning risk opportunities with their organization's business model. Focus will include financial risks, strategic risks, and risks associated with accidental losses.

ACCT 433. Auditing

Credits: 3
Prerequisite: ACCT 332.
Typically Offered: FALLSPR
Introduces audit theory, standards, responsibilities, and processes. Study of audit principles and practices including evidence gathering, internal controls, sampling and testing, report writing, ethics and legal liabilities.