ACCOUNTING COURSE DESCRIPTIONS

• ACCT 2201 - PRINCIPLES OF ACCOUNTING I: Fundamental accounting theory and procedures: Organization of accounts, the accounting cycle, working papers and the preparation of financial and operating statements for proprietorships.

• ACCT 2202 - PRINCIPLES OF ACCOUNTING II: The second semester of this course is a further study of the accounting process as applied to various business organizations.  The two semesters of this course are designed to give students an adequate understanding in the recording, classifying and summarizing of business transactions in order to proceed with the interpretation and analysis of accounting data.  This course is a basic course for (1) accounting majors, (2) majors in others areas of business administration, and (3) those whose major interest is in economics, political science, law or other professional areas.  PR: ACCT 2201.

• ACCT 2215 - MANAGERIAL ACCOUNTING: The Managerial Accounting course is designed to acquaint students with the use of accounting information for the purpose of managerial control and decision making.  Concepts of cost, profit, and budgeting will be discussed and aspects of performance measurement and evaluation will also be covered.  PR: ACCT 2202.

• ACCT 2216 - INCOME TAX PROCEDURES: An introduction to the concepts of income taxation and the applications of these concepts through problem solving with the use of tax forms.  May be used as an elective by Accounting majors.  PR: ACCT 2202. 

• ACCT 2217 - CONCEPTS OF COMPUTERIZED ACCOUNTING: Three hours lecture/lab time per week.  This course is designed to reinforce topics presented in Principles of Accounting and to introduce the student to computerized accounting methods.  Through hands-on computer work, the student will become familiar with accounting software and have the opportunity to work in greater depth with Principles of Accounting topics.  PR: ACCT 2202.

• ACCT 3301 - INTERMEDIATE ACCOUNTING I: Primarily the study of general financial accounting theory as it relates to balance sheet items.   Included is a brief review of the accounting cycle and income recognition theory.   Current tax regulations are considered where applicable.  PR: ACCT 2202.

• ACCT 3302 - INTERMEDIATE ACCOUNTING II: A continuation of 3301 to include the study of corporate ownership equity and the analysis and interpretation of accounting data.  PR: ACCT 3301.

• ACCT 3303 - ACCOUNTING INTERNSHIP: The internship course is designed as a learning experience which requires the integration of accounting theory with actual job experience in an accounting, industrial, or governmental organization.  The student must be enrolled in the four year accounting program.  The employer is  responsible for evaluating and reporting development of the student.  PR: ACCT 3302.

• ACCT 3325 - INTERMEDIATE ACCOUNTING III: A further continuation of the study of financial accounting theory and practices.   Topics include accounting for income taxes, pensions and other post-retirement benefits, leases, cash flows, and disclosure standards.  PR: ACCT 3302.

• ACCT 3330 - ADVANCED ACCOUNTING I: Includes accounting for special situations: partnerships, installment and consignment sales, home office-branch relationships, consolidations, and fund accounting.  Attention is focused on the current AICPA position relative to these special accounting situations.   PR: ACCT 3302.

• ACCT 3331 - ADVANCED ACCOUNTING II: A continuation of Accounting 3330; exploration of advanced accounting topics.  PR: ACCT 3330.

• ACCT 3350 - ACCOUNTING INFORMATION SYSTEMS: This course is designed to introduce students to accounting information systems.   It focuses on understanding the different types of accounting systems, internal controls for accounting systems including security issues, accounting systems development, and information systems auditing concepts.  PR: ACCT 2202.

• ACCT 4404 - COST ACCOUNTING: The relationship of cost accounting to the performance of management's pursuit of company objectives is studied with four basic points of view in mind: (1) cost principle, (2) cost determination, (3) cost control, and (4) cost analysis.  PR: ACCT 2202.

• ACCT 4405 - AUDITING: A study of the philosophy, environment, and procedures of auditing and the legal, social, and professional responsibilities of the auditor.  PR: ACCT 3302.

• ACCT 4406 - FEDERAL INCOME TAX ACCOUNTING (INDIVIDUAL): Preparation of income tax returns from the accounts of an individual; exclusions and inclusions for gross income, capital gains and losses, business expenses, and other deductions.

• ACCT 4407 - FEDERAL INCOME TAX ACCOUNTING (PARTNERSHIP AND CORPORATION): Continuation of 4406, including preparation of income tax returns from accounts of partnerships, estates and trusts, and corporations.   While previous knowledge or experience will be helpful, no prior accounting training, knowledge or experience is required.  PR: ACCT 4406.

• ACCT 4410 - CASE STUDIES IN ACCOUNTING:  This course is designed to provide stimulus for critical analysis of accounting, finance, and ethics problems.  Emphasis is placed on research, organization of data, critical analysis, communication of conclusions, and presentation skills.  Through case studies students will enhance their problem-solving skills by formulating solutions to problems which are encountered in accounting environments.  PR: ACCT 3302, FINC 2201, INFO 2235, and senior status, or consent of Instructor.