Academic Catalog

2019-2020 Edition

ACC • Accounting

ACC 210 · Financial Accounting   3 Credits

This course introduces the basic financial accounting model and prepares students to explore the application of fundamental accounting principles to business entities. The course focuses on a user perspective and covers the vital steps in the accounting cycle from journalizing transactions to the preparation and interpretation of financial statements. Students will also demonstrate an understanding of the importance of ethics in accounting.

ACC 211 · Managerial Accounting   3 Credits

This course focuses on managerial accounting and emphasizes the use of accounting data in decision-making. Topics covered include cost accumulation models, cost behavior, break-even analysis, budgeting, short- and long-run decision analysis, capital expenditure analysis, and financial statement analysis.

Prerequisite: ACC 210.

ACC 300 · Intermediate Accounting I   3 Credits

This course provides an intensive study of accounting theory and principles underlying financial accounting. An emphasis is placed on the theoretical and conceptual framework of the financial reporting process including the role and authority of official financial accounting pronouncements and the responsibilities of professional accountants. Coverage begins with a review of the accounting model and focuses on accounting theory as it relates to revenue recognition and current assets including cash, accounts receivables, inventories, and operational assets.

Prerequisite: ACC 211.

ACC 320 · Intermediate Accounting II   3 Credits

This course continues the study begun in ACC 300, covering intangible assets, investments, short- and long-term liabilities, leases, income taxes, corporate capital transactions, and statement of cash flows. An emphasis is placed on the theoretical and conceptual framework of the financial reporting process including the role and authority of official accounting pronouncements and the responsibilities of professional accountants.

Prerequisite: ACC 300.

ACC 340 · Cost Accounting, Analysis and Budgeting   3 Credits

This course explores fundamental and advanced managerial accounting concepts used in planning and controlling operations, determining costs of production, inventory control and evaluation, budgeting, and long-range planning. An emphasis is placed on cost determination, cost accumulation, cost-volume-profit relationships, standard costs, variances analysis and reporting, and the relationship between controlling costs and controlling operations.

Prerequisite: ACC 320.

ACC 410 · Tax Accounting   3 Credits

This course provides students with an intensive study of the theory and principles of federal income tax law as it applies to individuals and flow-through and business entities including corporations, partnerships, estates, and trusts. Emphasis is placed on the theoretical framework and philosophy of the federal tax system as well as practical application and planning. The basics concepts of taxation associated with corporate, partnership, and S-corporation formation and operation are covered. The course also covers the tax audit process and professional tax preparer responsibilities.

Prerequisite: ACC 320.

ACC 430 · Auditing   3 Credits

This course provides an overview of auditing concepts with special attention to auditing standards, professional ethics, the legal ability inherent in the attest function, the study and evaluation of internal control, the nature of evidence, statistical sampling, and the impact of electronic data processing. The basic approach to planning an audit is addressed as are the audit objectives and procedures applied to the elements in a financial statement. Students will demonstrate the application of audit theory and will be exposed to the planning, control, and review procedures used by many public accounting firms.

Prerequisite: ACC 320.