UNDERGRADUATE STUDY
The primary purpose of accounting is to provide relevant information to both internal users (management) and external users such as investors, creditors, government, and the general public. Accounting is an integral part of the management of business and public organizations.
COURSE CONTENTS:
FALL SEMESTER
| Course code | Title | Hours |
|---|---|---|
| ACC 101 | Introductory Accounting | 3 |
| ACC 111 | Individual Tax Return Preparation | 3 |
| ACC 103 | Introductory Statistics | 3 |
| ACC 101 | Introduction to Financial Accounting | 3 |
| ECO 102 | Introductory Economics | 3 |
| MKT 102 | Introductory Marketing | 3 |
| FIN 104 | Business Finance | 3 |
SPRING SEMESTER:
| Course code | Title | Hours |
|---|---|---|
| ACC 120 | Accounting Choices and Methods | 3 |
| ACC 123 | Accounting Applications for Microcomputers | 3 |
| ACC 124 | Introduction to Managerial Accounting | 3 |
| ACC 125 | Legal Environment of Business | 3 |
| ACC 127 | Financial Accounting | 3 |
| ACC 128 | Managerial Accounting | 3 |
| ACC 134 | The Accounting Cycle | 3 |
| Course code | Title | Hours |
|---|---|---|
| ACC 201 | Business Law | 3 |
| ACC 213 | Intermediate Managerial Accounting | 3 |
| ACC 214 | Accounting Information Systems | 3 |
| ACC 215 | Intermediate Accounting I | 3 |
| ACC216 | Introduction to Auditing | 3 |
| ACC 217 | Accounting and Management Information Systems | 3 |
| ACC 218 | Tax Accounting I | 3 |
| Course code | Title | Hours |
|---|---|---|
| ACC 220 | Accounting Procedures | 3 |
| ACC 221 | Income Tax Return Preparation | 3 |
| ACC 223 | Intermediate Accounting II | 3 |
| ACC 235 | Cost Accounting | 3 |
| ACC 226 | Auditing I | 3 |
| ACC 227 | Tax Accounting II | 3 |
| ACC 228 | Individual Income Tax Assistance | 3 |
| Course code | Title | Hours |
|---|---|---|
| ACC 301 | Auditing II | 3 |
| ACC 312 | Governmental and Not-for-Profit Accounting | 3 |
| ACCT 314 | Volunteer Income Tax Assistance | 3 |
| ACC 316 | Cooperative Education in Accounting | 3 |
| ACC 317 | Topics in Accounting | 3 |
| ACC 318 | Internal Auditing | 3 |
| ACC 334 | Income Tax Return Preparation | 3 |
| Course code | Title | Hours |
|---|---|---|
| ACC 401 | Managerial Accounting | 3 |
| ACC 412 | Controllership and Communication | 3 |
| ACC 722 | Public Service Tax Accounting | 3 |
| ACC 413 | Accounting and Management Information Systems | 3 |
| ACCT 415 | Principles of Federal Income Tax | 3 |
| ACC 417 | Managerial Cost Accounting | 3 |
| ACC 418 | Operational Auditing | 3 |
SUMMER CLASSES
| Course code | Title | Hours |
|---|---|---|
| ACC 421 | Information Systems Auditing | 3 |
| ACC 423 | Fraud Examination | 3 |
| ACC 424 | Financial Accounting Problems | 3 |
| ACC 425 | Managerial Accounting | 3 |
| ACC 434 | Financial Accounting | 3 |
| ACC 453 | Accounting Concepts for Managers | 3 |
| ACC 499 | Research Project | 3 |
COURSE DESCRIPTION
ACC 101: Introductory Accounting: An accelerated introductory course stressing the essential elements of accounting skills that will be used in the master's degree program. Managerial uses of accounting data and preparation of financial statements will be covered in this course. Course satisfies program prerequisite of financial accounting for master's degree programs.
ACC 111: Individual Tax Return Preparation: Principles of income tax with emphasis on the preparation of returns for individual taxpayers. Attention will be given to the proper reporting of income and deduction items.
ACC 103: Introductory Statistics: This course satisfies the prerequisite of statistics for master's degree programs. The concepts of statistical notation, probability are covered as well as the principles of estimation using the central limit theorem.
ACC 101 Introduction to Financial Accounting: Methods and procedures employed in financial accounting with emphasis on development and interpretation of financial statements. Prerequisite ECO 102
Prerequisite MKT 102
Prerequisite FIN 104
ACC 120: Accounting Choices and Methods: Comprehensive and accelerated examination of alternative accounting models, including electronic spreadsheet models, and their uses.
ACC 123: Accounting Applications for Microcomputers: Use of the microcomputer and electronic spreadsheets to master the basic accounting cycle.
ACC 124: Introduction to Managerial Accounting: Methods and procedures employed in managerial accounting with emphasis on the use of accounting data for decision making.
ACC 125: Legal Environment of Business: General history, structure, and principles of law. The legal system, as an agency of social control; good business practices, and tool for change. The court systems, Constitution, torts, contracts, administrative agencies, and agency law
ACC 127: Financial Accounting: Introduction to the basic concepts and procedures of financial accounting from a user perspective. The course examines the accounting cycle, business terminology, basic control procedures, and the preparation and evaluation of financial reports, with an emphasis on financial statement analysis.
ACCT 128: Managerial Accounting: Understanding of fixed and variable costs and their role in planning, control and performance evaluation. Examination of alternative costing methods. Making decisions by identifying and developing relevant information. Development of spreadsheet skills.
ACCT 134: The Accounting Cycle: Interactive computer-based analysis of the accounting cycle including transactions and financial statements. Preparation of journal entries and adjusting entries and completion of the closing process.
ACC 201: Business Law: Sales under the Uniform Commercial Code, negotiable instruments, secured transactions, property transactions, partnerships, and wills and estates.
ACC 213: Intermediate Managerial Accounting: Generation, communication and use of information to assist management with planning, control, and decision making in manufacturing and service organizations. Includes cost concepts and relevance to decision situations, operational and capital budgeting, and performance evaluation. Emphasis on developing effective teamwork skills as well as spreadsheet capabilities.
ACC 214: Accounting Information Systems: Analysis of concepts and procedures underlying the automated accumulation and processing of accounting data. EDP internal control and audit techniques. Trends in accounting information systems.
ACC 215: Intermediate Accounting I: The conceptual framework of financial accounting. Communication of financial information on the income and retained earnings statements, statement of cash flows, and the balance sheet. Accounting concepts relating to current and operational assets of the firm. Identification of material differences between US GAAP and International Accounting Standards.
ACC216: Introduction to Auditing: The conceptual framework of auditing. Professional ethics. External reporting concepts. Audit methodology including risk analysis, internal control, procedures for gathering evidence and the role of statistical sampling in auditing..
ACC 217: Accounting and Management Information Systems: Accounting system examined as a crucial base for the desired comprehensive management information system of an organization. Impact of the computer on accounting systems controls and the auditing of EDP based accounting systems.
ACC 218: Tax Accounting I:
Principles of income tax accounting; current laws and income tax problems of individuals.
ACC 220: Accounting Procedures:
The accounting cycles of service organizations and merchandisers focusing on the recording of business transactions and the preparation of financial statements for such organizations. Includes specific accounting concepts relating to current assets, long-term assets, current liabilities, payroll and the operations of corporations.
ACC 221: Income Tax Return Preparation:
Individual income tax return preparation emphasizing the completion of basic tax returns. Resources are provided under the Volunteer Income Tax Assistance (VITA) program which is administered by the Internal Revenue Service.
ACC 223: Intermediate Accounting II:
In-depth study of the theory and concepts of accounting emphasizing the measurement and valuation of long-term liabilities, stockholders’ equity, corporate investments in securities, revenue recognition, postretirement benefits, leases, interperiod tax allocations, accounting changes, full disclosure, ratio analysis and the preparation and presentation of the statement of cash flows.
ACC 235: Cost Accounting:
In-depth study of methods used by managers for decision making, budgeting and performance evaluation. Emphasizes cost accounting systems and procedures for data accumulation and cost control.
ACC 226: Auditing I:
An introduction to the role of the public accountant, professional standards, attestation and other assurance services, audit evidence and documentation, and reports on audited financial statements, with particular emphasis on the auditor’s decision-making process by integrating coverage of the components of audit risk with tests of controls and substantive tests that relate to selected transaction cycles. Prerequisite: Accounting 2241 or 2242, or consent of instructor
ACC 227: Tax Accounting II:
Principles of federal tax accounting; research in income tax problems of partnerships and corporations; estate and gift tax problems of individuals.
ACC 228: Individual Income Tax Assistance:
To provide undergraduate/graduate students with an opportunity to integrate intermediate tax accounting skills, critical thinking skills, communication skills, and research skills with community service. This course provides service-learning experience in the preparation and review of actual individual income tax returns (both federal and state) as well as the social and ethical issues inherent in US tax policy.
ACC 301: Auditing II:
Further study of auditing and other assurance services emphasizing professional standards and ethics, legal liability of auditors, regulation of the public accounting profession, internal controls in information technology systems, the components of audit risk, tests of controls and substantive tests relating to selected transaction cycles, audit sampling applications, other services performed by auditors, and related reporting requirements.
ACC 312: Governmental and Not-for-Profit Accounting:
In-depth study of governmental and not-for-profit entity theory, practice and reporting issues. Emphasis on accounting principles relating to governmental agencies, colleges and universities, health care and not-for-profit organizations.
ACCT 314. Volunteer Income Tax Assistance:
Introduction to and field work in the preparation of individual income tax returns (state and federal). Basic coverage of filing and residency status, taxable income, exemptions, deductions, and credits. Tax software usage and online filing.
ACC 316: Cooperative Education in Accounting:
The opportunity to earn academic credit in a planned learning process that integrates academic training with a supervised work experience.
ACC 317: Topics in Accounting:
Topics are identified by title in the schedule of classes. Examples are: inflation accounting, management advisory services, public utility accounting, financial reporting to regulatory agencies.
ACC 318: Internal Auditing:
Functions of internal audit, financial audit, and operations audit; importance of the changing professional status of the internal auditor.
ACC 334: Income Tax Return Preparation:
ACC 401: Managerial Accounting:
Role of accounting in improving the practice of business management; budgeting, accounting analysis, the behavior of costs, accounting control.
ACC 412: Controllership and Communication:
An in-depth examination of the leadership and communication challenges associated with being a controller and/or professional accountant. The written and oral communication skills required for success as a professional accountant will be developed.
ACC 722 Public Service Tax Accounting:
Students will learn theoretical foundations in public service tax accounting topics and develop skills; which will apply to practical situations that will help students be better citizens and employees. Students will assist low-income, elderly, and English as Second Language taxpayers in the community in identifying and meeting their tax rights and responsibilities.
ACC 413: Accounting and Management Information Systems:
Application of the concepts of systems design and implementation. Study of the attributes of accounting information systems and their relationship with management information systems. Functions of accounting information systems including data collection and transmission, internal controls, data organizations and storage, processing data, and information retrieval and display. Characteristics and applications of both manual and automated information systems.
ACC 415: Principles of Federal Income Tax:
.Introduction to the fundamentals of federal income taxation and concepts applicable to all tax entities. Addresses issues related to the measurement and recognition of income, deductions, gains, and losses, taxation of property transactions, and basis / cost recovery concepts. Includes coverage of tax law policy objectives, tax implications of business and investment decisions, tax versus financial reporting treatment of common business transactions, and ethical issues related to tax compliance and planning.
ACC 417: Managerial Cost Accounting:
Specific topics covered include activity-based costing, strategic cost management, activity- and strategic-based responsibility accounting, quality costing, measurement and control of productivity, environmental cost management, cost-volume-profit analysis, activity resource usage, relevant costing, pricing and profitability analysis, capital investment decisions, and inventory management topics such as economic order quantity, just-in-time, and the theory of constraints.
ACC 418: Operational Auditing:
Primarily a case study approach covering nonfinancial audits of efficient and effective resource utilization, accomplishment of operational goals, adherence to laws and regulations, fraud prevention and detection, integrity and security of computer systems, and achievement of program goals.
ACC 421: Information Systems Auditing:
A study of information systems controls; auditing around, through, and with the computer; auditing advanced computer systems, spreadsheets and other fourth generation language applications. Hands-on computer auditing projects will be integrated into the course.
ACC 423: Fraud Examination:
An in-depth study of the fraud examination process, including fraud prevention, detection, investigation, and management and employee fraud, and the legal aspects of fraud. Case studies are used extensively throughout the course.
ACC 424: Financial Accounting Problems:
Case studies of the application of major authoritative financial accounting pronouncements to integrated financial accounting problems; emphasis on the impact of accounting pronouncements on financial reporting, the changing trend in accounting theory and the possible future development of accounting pronouncements.
ACC 425: Managerial Accounting:
The differences between the financial information needs necessary to the operation of the firm and the needs necessary for external reporting are the focus of this course. A brief introduction to the behavior and classification of costs provides the background to examine the three main types of accounting information used by managers: full-cost information used in pricing and other such decisions, differential cost information used in alternative choice decisions, and responsibility accounting information used to guide and control managers' decision-making behavior. Allocation of indirect costs, fixed-variable relationships, standard cost systems, resource allocation and management control systems are addressed in depth.
ACC 434: Financial Accounting:
An introduction to financial accounting concepts. A study of the accounting cycles of service organizations and merchandisers emphasizing the recording of business transactions, and the preparation of financial statements for such organizations. Emphasis is also placed on the accounting principles relating to the measurement, valuation and reporting of assets, liabilities and equity, and related internal control considerations
ACC 453: Accounting Concepts for Managers:
Comprehensive study of the fundamentals of financial and managerial accounting. Designed for graduate students who have not had an undergraduate course in accounting.