Accounting Courses - Undergraduate

Accounting Course Descriptions & Prequisites 2010-2013

ACCT 2301 (ACC 231) Principles of Financial Accounting.
A study of the basic accounting concepts and procedures underlying the organization and reporting of financial information. Topics include the accounting cycle, the preparation of financial statements, the measurement and reporting of business income, and the valuation and presentation of assets and current liabilities. Emphasis is placed on the relevance of the business and economic information generated by the accounting process and how it is used in personal and business decision making. Prerequisite: 18 semester credit hours of college credit. Students who plan to take ACCT 3313 (ACC 365) must earn a minimum grade of C in ACCT 2301 (ACC 231). Credit 3.

ACCT 2302 (ACC 232) Principles of Managerial Accounting.
A continuation of financial accounting topics followed by an introduction to managerial accounting. Topics include corporate accounting issues, bonds, statement of cash flows, financial statement analysis, job costing, cost behavior, cost-volume-profit analysis, budgeting, performance evaluation, product pricing and capital budgeting. Emphasis is placed on the usage of accounting information in managerial decision making. Prerequisite: ACCT 2301 (ACC 231). Students who plan to takeACCT 3313 (ACC 365) must earn a minimum grade of C in ACCT 2302 (ACC 232) . Credit 3.

ACCT 3304 (ACC 331) Managerial Accounting. 
Further development of financial accounting concepts, interpretation, and the study of management uses of accounting data. This course includes a study of basic accounting concepts, interpretation of accounting reports, cost control and analysis, and methods of measuring performance. Not open to Accounting majors or minors. Prerequisite: ACCT 2302 (ACC 232). Credit 3.

ACCT 3340 (ACC 335) International Accounting.
An introduction to the accounting aspects of international business. Topics covered from an international perspective include the interaction between accounting and its environment, differing national accounting practices, international harmonization of accounting and reporting, foreign currency translation and exchange rate issues, problems of inflation, transfer pricing and taxation, managerial accounting and analysis of foreign financial statements. Prerequisite: ACCT 2302 (ACC 232). Credit 3.

ACCT 3313 (ACC 365) Intermediate Accounting I. 
A thorough study of the accounting principles underlying the preparation of financial statements. This course is concerned primarily with the recording process, formats of the financial statements, and the measurement and reporting of current and non-current assets and related revenues and expenses. The environment of accounting, basic accounting theory, and time value of money concepts are emphasized. Prerequisite:  ACCT 2301 (ACC 231) and ACCT 2302 (ACC 232) with a minimum grade of C in each. Credit 3.

ACCT 3314 (ACC 366) Intermediate Accounting II. 
A continuation of ACCT 3313 (ACC 365), this course extends the study of the preparation of financial statements to the measurement and reporting of current and long term liabilities, stockholders’ equity and investments. Additional topics include cash flow statements, accounting for pensions, leases, and income taxes. Prerequisite: ACCT 3313 (ACC 365) with a minimum grade of C. Credit 3.

ACCT 3347 (ACC 369) Cost Accounting. 
A study of cost accounting principles and techniques of assembling data for product costing and for managerial use in planning and control and decision making. Cost terminology, cost behavior, job order and process costing, budgeting, cost-volume-profit analysis, standard costs, and activity based costing are topics covered. Prerequisite:  ACCT 2301 (ACC 231) and ACCT 2302 (ACC 232) with a minimum grade of C in each. Credit 3.

ACCT 3324  (ACC 381) Principles of Accounting Systems Designs. 
A study of principles of accounting systems design integrated into both manual and computerized systems. Also includes emphasis on the accounting cycle, internal control structures, computerized transaction processing systems, relational databases, and integrated enterprise resource planning systems in accounting. Prerequisites:  ACCT 2301 (ACC 231) and ACCT 2302 (ACC 232). Credit 3.

ACCT 3353 (ACC 383) Income Tax Accounting. 
A study of basic tax concepts and income taxation of individuals. Emphasis is placed on the determination of income and statutory deductions in order to arrive at the net taxable income. Consideration is given to tax planning as well as decision-making and tax return problems. Prerequisite: ACCT 2301 (ACC 231) and ACCT 2302 (ACC 232) with a minimum grade of C in each. Credit 3.

ACCT 4380 (ACC 430) Studies In Accounting. 
Individual study as arranged with members of the faculty. This course may be repeated and may be taken for Academic Distinction Program Credit. Prerequisite: Consent of Department Chair. Credit 1, 2, or 3.

ACCT 4315 (ACC 435) Advanced Accounting I. 
A study of various special reporting topics in financial accounting, this course surveys financial statement presentation and disclosure requirements for special areas of income recognition and accounting changes, dilutive securities, earnings per share calculations, reporting for business segments and interim periods, and accounting and reporting standards for partnerships and governmental and not-for-profit entities. Prerequisite: ACCT 3314 (ACC 366) with a minimum grade of C. Credit 3.

ACCT 4316 (ACC 436) Advanced Accounting II. 
A study of the financial accounting standards and procedures used in accounting and reporting for business combinations and intercorporate investments, consolidated financial statements, and multinational enterprises, including foreign currency transactions and financial instruments and translation of foreign entity statements. Prerequisite: ACCT 3314 (ACC 366) with a minimum grade of C. Credit 3.

ACCT 4363 (ACC 461) Fraud Examination. 
An examination of fraud within organizations with an emphasis on its detection and prevention. This course examines the nature and causes of financial and occupational fraud, ways to prevent and deter fraudulent conduct, and procedures for uncovering and investigating fraud. Prerequisite: Senior standing and permission of the instructor. Credit 3.

ACCT 4360 (ACC 462) Oil and Gas Accounting. 
An introduction to oil and gas accounting. Emphasizes accounting for costs incurred in the acquisition, exploration, development, and production of oil and natural gas using successful efforts, full cost, and tax accounting methods. Also introduces students to joint interest accounting, gas pipeline accounting, the required disclosures for oil and gas activities, and analysis of oil and gas companies’ financial statements. Prerequisite: ACCT 3313 (ACC 365). Credit 3.

ACCT 4372 (ACC 481) Auditing Principles. 
An introduction to auditing concepts and procedures. Emphasizes generally accepted auditing standards; professional responsibilities; the nature, acquisition, evaluation, and documentation of audit evidence; internal control; and the auditor’s reports. Prerequisite: ACCT 3324  (ACC 381) and ACCT 3314 (ACC 366) with a minimum grade of C in each. Credit 3.

ACCT 4389 (ACC 499) Internship in Accounting. 
This course provides students with an internship experience allowing the application of accounting and auditing skills in an actual work setting. Students will work full-time in public or industry accounting paid positions for a minimum of 150 hours. Students generally will work full-time for one-half of the semester and attend accelerated accounting courses during the remaining half. Prerequisites: Junior standing, ACCT 3314 (ACC 366), ACCT 3324  (ACC 381), permission of the Department Chair of Accounting, and selection by an employing firm. For Spring semester internships, should be taken concurrently with ACCT 4316 (ACC 436)  and ACCT 4372 (ACC 481). Credit 3.


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