Accounting (ACCT)

ACCT B202 Financial Accounting for Decision Making 3 crs.

This course is designed to introduce students to accounting in a way that demonstrates the importance of accounting to society and the relevance of accounting to their future careers.  The objective of the course is for students to understand the essential financial components of businesses and to realize that accounting information is imperative in the decision making process of investors, creditors, management, and others.

Prerequisite: MATH A092, if required and at least second semester freshman standing

ACCT B203 Managerial Accounting for Decision Making 3 crs.

This course covers uses of accounting information for managerial decision making to aid planning and control activities of managers in business enterprises. Topics include methods for determining the costs of products and services, for assessing product and project profitability, and for budgeting and monitoring of costs and profits.

Prerequisite: ACCT B202

ACCT B205 Corporate Accounting + Reporting I 3 crs.

This course is an introduction to accounting theory and principles underlying the financial statements. Emphasis is on financial statement presentation and disclosure for cash, receivables, inventories, and debt and equity investments in corporate securities. The statement of cash flow and revenue recognition issues are covered.

Prerequisite: ACCT B202*

ACCT B206 Corporate Accounting + Reporting II 3 crs.

This course is a continuation of ACCT B205. Topics include plant and equipment, intangibles, current and long-term liabilities, deferred taxes, leases, stockholders equity, and earnings per share.

Prerequisite: ACCT B205*

ACCT B300 Tax Accounting I 3 crs.

This course examines the concepts and methods of determining federal income tax liability for individuals. Topics emphasized include personal deductions, capital gain and loss provisions, and accounting methods.

Prerequisites: ACCT B202*; junior standing

ACCT B307 Accounting for Public Sector Entities 3 crs.

This course is designed to help students become aware of the vitality of government and not-for-profit accounting and of the intellectual challenges that are presented.  This course studies accounting, budgeting, fiscal processes, and the financial records of governmental agencies and non-profit organizations. Fund accounting is introduced and emphasized.

Prerequisites: ACCT B205*; junior standing

ACCT B340 Accounting Information Systems 3 crs.

This course emphasizes the problems of integrating automatic data processing and accounting information systems. Problems inherent in the development of systems and modeling are also covered.

Prerequisites: ACCT B205*; junior standing

ACCT B400 Advanced Accounting 3 crs.

This course is designed for students to study the accounting reporting principles and procedures used in a variety of multi-corporate entity activities including mergers, acquisitions, and complex business transactions including consolidations.  Partnership formation, operation and changes in membership as well as partnership liquidations are also covered.

Prerequisites: ACCT B206*; junior standing

ACCT B401 Tax Accounting II 3 crs.

Concepts and methods of determining federal income tax liability for corporations, partnerships, estates, and trusts.

Prerequisites: ACCT B300*; junior standing

ACCT B403 Auditing + Assurance Services 3 crs.

This course is an introduction to auditing and assurance services in the public accounting profession. The course covers the auditing environment, the auditing process, and the application of auditing concepts to various types of audits, including financial, operational, and compliance.

Prerequisites: ACCT B205*, ACCT B340; junior standing

ACCT B410 Strategic Cost Management 3 crs.

This course emphasizes contemporary topics in strategic cost management through an understanding of the underlying concepts and fundamental techniques involved in cost accounting for manufacturing and service companies. Job-order, process, and standard costing are examined to support an understanding of just-in-time and activity based systems, continuous improvement, quality measurements, and the theory of constraints, among others. Emphasis is on how cost management systems, with their performance evaluation and reward systems, encourage efforts to achieve an organization’s strategic goals.

Prerequisites: ACCT B202*; junior standing 

ACCT B460 International Accounting 3 crs.

Comparison of accounting between US GAAP and IFRS, examination of common financial, managerial, and tax accounting issues faced by U.S. multinational firms, including the impact of transactions conducted in foreign currencies; defenses against currency rate changes such as forward exchange forward contracts; and the restatement of foreign currency financial statements for overseas subsidiaries.

Prerequisites: ACCT B206*; junior standing 

ACCT B493 Special Topics in Accounting 3 crs.

Prerequisite: Junior standing

ACCT B499 Independent Study in Accounting arr.

Prerequisite: Junior standing

See description in College of Business overview

* Accounting majors and minors must earn a grade of C (2.0) or above in the relevant prerequisite courses to fulfill these prerequisite requirements.