Courses

This page provides you brief description of courses offered by Department of Accounting.

Course ID	Title	Hours	Description
ACCT 211	Principles of Accounting I	3	An introduction to financial accounting. A study of the basic concepts of accounting, the accounting cycle and preparation of financial statements, and analyzing and recording transactions for operating, investing and financing activities. Prerequisite: MATH 121 or 123.
ACCT 212	Principles of Accounting II	3	An introduction to managerial accounting. A study of the uses of financial statements; the study of manufacturing operations and the uses of accounting information by management. Prerequisite: ACCT 211.
ACCT 310	Managerial Accounting	3	A continuation of ACCT 212. A study of cost terms, cost behavior, systems design, and the analysis, interpretation, and use of accounting data by management for planning and controlling business operations and for decision-making purposes. Prerequisites: ACCT 211 and ACCT 212. This course is not open to Accounting majors.
ACCT 311	Intermediate Accounting I	3	This course provides an in-depth examination of the underlying theory and objectives of financial accounting. It focuses on the conceptual framework underlying financial reporting, and the preparation, presentation, interpretation, and the use of financial statements as well as issues related to accounting for operating activities. Prerequisites: ACCT 211 and ACCT 212 with a minimum of “B” average.
ACCT 312	Intermediate Accounting II	3	A continuation of Intermediate Accounting I; An in-depth study of accounting for investing and financing activities, leases, income taxes, and pensions. Prerequisite: ACCT 311 with grade of “C” or better.
ACCT 320	Federal and State Income Taxes	3	A survey of basic tax laws and determination of taxable income with special attention to individuals; introduction to tax research. Prerequisite: ACCT 211 and ACCT 212 with a minimum of “B” average.
ACCT 321	Cost Accounting	3	A study of the various cost concepts: accumulation of product costs, joint costs in job order and process cost systems, including analysis of variances for managerial control and decision making, direct and variable costing, cost-volume-profit analysis; the buy or make decision. Prerequisite: ACCT 211 and ACCT 212 with a minimum of “B” average.
ACCT 322	Advanced Cost Accounting	3	A continuation of ACCT 321: budgets and analyses of costs and other variances for management action; capital budgeting, and operations management and yield variances. Prerequisite: ACCT 321.
ACCT 411	Advanced Accounting	3	Accounting and reporting for investment activities of business. Issues related to foreign currency, accounting diversity, disaggregated information, reorganizations, and liquidations. Prerequisite: ACCT 312 with a grade of “C” or better.
ACCT 412	Governmental and Public Accounting	3	A study of accounting for not-for-profit entities, such as local, state, and federal units of government, and educational institutions, hospitals, health care, and welfare organizations; the classification and use of funds in such entities, including budgeting, purchasing and financial activities, presentation of financial reports by these types of organizations. Prerequisite: ACCT 312 with a grade of “C” or better.
ACCT 420	Advanced Federal Income Taxes	3	A continuation of ACCT 320: tax laws applicable to corporations, partnerships, trusts, estates, gift tax, and tax planning; substantive research work resulting in formal reports. Prerequisite: ACCT 320 with a grade of “C” or better.
ACCT 421	Accounting Information Systems	3	This course provides basic knowledge of how accounting information systems function in business organization. Transaction flowcharting and internal controls of the revenue, expenditure and conversion cycles are covered in detail. Attention is also focused on basic computer terminology, EDP controls, and relational databases. Prerequisite: ACCT 312 with grade of “C” or better.
ACCT 422	Auditing	3	This course covers the conceptual and practical aspects of the examination of financial statements by independent accountants. Issues examined include: objectives and techniques of internal control; standards of presentation and disclosure in financial statements; objectives and procedures for auditing practice; statistical sampling techniques; and auditing of EDP records. Prerequisite: ACCT 312 with grade of “C” or better.
ACCT 430	Accounting Theory	3	A study of contemporary financial accounting issues, emphasizing the role of accounting theory in accounting policy decisions, the social, political, and economic influences on accounting standard setting, and the history of the accounting profession and accounting thought. Prerequisite: ACCT 312 with a grade of “C” or better.
ACCT 450	Accounting Internship	3	This course provides students with practical experience in the field of accounting in the private and public organizations including industry. Formal class meetings before and after internship are required to evaluate the work experience of students. Program must be arranged in advance and approved by the department chairperson. Course is not open to students with credit from any similar program in the institution. Prerequisite: Consent of instructor and senior standing.

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