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College of Business

Course Descriptions

Accounting

ACCT 102 Fundamentals of Accounting 3 cr. A basic study of the accounting cycle for a sole proprietorship business.

ACCT 200 Elements of Accounting I 3 cr. Basic principles of the complete accounting cycle with emphasis on current assets; property, plant, and equipment; and current liabilities. Prerequisite: MATH 103 or higher.

ACCT 201 Elements of Accounting II 3 cr. A continuation course of ACCT 200 with emphasis on partnerships, corporations, and management accounting. Prerequisite: ACCT 200.

ACCT 300 Legal Environment of Business 3 cr. Includes the nature and function of law; contracts and private property as basic concepts in free enterprise; the legal system and evolution of attitudes and law regarding marketing functions and governmental regulation imposed on business activities. Prerequisite: Sophomore status or higher.

ACCT 301 Intermediate Accounting I 3 cr. Begins with a review of the accounting process and the conceptual framework underlying financial accounting. It proceeds to an in-depth study of cash, time value of money, receivables, and inventory. Prerequisites: ACCT 201 and BOTE 247.

ACCT 302 Intermediate Accounting II 3 cr. Continues the intermediate sequence with in-depth coverage of operational assets (tangible and intangible), liabilities (current and long-term), stockholder's equity, and investments. Prerequisite: ACCT 301.

ACCT 303 Intermediate Accounting III 3 cr. Concludes the intermediate sequence with in-depth coverage of the statement of cash flows, pensions and post retirement benefits, leases, earnings per share, financial statement analysis, accounting for income taxes, accounting changes and error analysis, revenue recognition, and financial reporting. Prerequisite: ACCT 302.

ACCT 315 Government/Non-Profit Accounting 3 cr. Covers accounting principles for state and local governmental units, universities, hospitals, and other not-for-profit organizations. Topics include budgetary accounting, the preparation of reports and statements, and the use of special funds. Prerequisite: ACCT 301.

ACCT 321 Managerial Accounting 3 cr. Emphasizes structuring and analyzing accounting data for management decisions related to manufacturing, merchandising, and service entities. Prerequisite: ACCT 201. Co-requisite: BADM 301.

ACCT 322 Advanced Managerial Accounting 3 cr. Addresses cost allocation, inventory methods and concepts, process and activity based costing systems, standard costing, and performance measures. Prerequisite: ACCT 321.

ACCT 330 International Business Law 3 cr. Provides a study of four major topics: 1) international sales contracts subject to the UN Convention for Contracts for the International Sale of Goods (CISG); 2) North American Free Trade Agreement (NAFTA); 3) General Agreement on Trade and Tariffs (GATT); and 4) remedies/enforcement of the international sales contract. Prerequisite: ACCT 300.

ACCT 331 Business Law I 3 cr. Topics include contracts (formation, performance, rights, and remedies), negotiable instruments, and legal matters relating to the financial/ banking community. Prerequisite: Junior or senior status.

ACCT 332 Business Law II 3 cr. Topics include Uniform Commercial Code (Art.2, sales contracts), Uniform Commercial Code (Art. 9, secured transactions), employment/agency law. Prerequisite: ACCT 331.

ACCT 351 Introduction to Fraud Examination 3 cr. This course is designed to provide the student with an introduction to the skills necessary to detect, investigate and prevent fraud, and white-collar crime. The material covered in this course should be of interest to accountants, auditors, fraud investigators, loss prevention specialists, attorneys, educators, criminologists, or business owners/managers. The purpose of this course is to: (1) educate the student about both the pervasiveness of and the causes of fraud and white-collar crime in our society, (2) explore the methods of fraud detection, investigation, and prevention, and (3) increase the student's ability to detect material financial statement fraud. Prerequisite: ACCT 102 or ACCT 200.

ACCT 360 Accounting Information Systems 3 cr. Emphasizes how accounting information systems function in today's business environment. Manual and computer systems will be used to study the processes and procedures by which an organization's financial information is accumulated, classified, processed, analyzed, and communicated. Topics include business cycles, controls, integrated accounting software, spreadsheets, and relational databases. Prerequisites: ACCT 201, BOTE 247.

ACCT 401 Advanced Accounting I 3 cr. Addresses issues related to business combinations and consolidated financial statements as well as a partnership accounting. Prerequisite: ACCT 302.

ACCT 402 Advanced Accounting II 3 cr. Addresses accounting for foreign operations, segment reporting, home/branch accounting, interim financial reporting, accounting for estates/trusts, corporate reorganizations/liquidations. Prerequisite: ACCT 302.

ACCT 411 Taxation of Individuals 3 cr. Provides a study of federal taxation principles and theories relating to individuals with emphasis on the determination of gross income and taxable income. Taxation of self-employment income and property transactions will be covered. Compliance under AICPA Standards for Tax Service, AICPA Code of Professional Conduct, and preparer penalties are discussed. Students apply these principles by preparing federal income tax returns, and by performing research, and tax planning. Prerequisite: ACCT 201.

ACCT 412 Taxation of Business Entities 3 cr. Provides a study of federal taxation principles and theories relating to corporations, partnerships, and estates and trusts. Students will apply these principles by preparing various types of federal income tax returns and by performing tax research and tax planning. Consolidation tax returns, gift tax returns, and foreign related transactions will be introduced. Prerequisite: ACCT 411.

ACCT 415 Energy Law 3 cr. Energy law is an ever-changing discipline that emphasized how both individuals and businesses interact with the law related to the energy industry on a day-to-day basis. This course will focus on the relationships between energy corporations and the individual land owner or service provider as well as the relationships between environmental laws and production. Prerequisite: ACCT 300

ACCT 430 Auditing/Assurance Concepts 3 cr. Introduces audit theory, standards, responsibilities, and processes. Coverage include auditing engagement standards, ethical and legal responsibilities, quality control, fraud, internal control evaluation, audit approaches, and audit reporting. The course concludes with a discussion of compilations, reviews, examinations and other assurance services. Prerequisite: ACCT 302.

ACCT 431 Auditing/Assurance Practices 3 cr. Focuses on auditing procedures: audit sampling, risk analysis, testing specific balance sheet accounts and determining the effectiveness of key business cycles. The course begins with accepting clients and concludes with the final audit steps. An audit case is an integral part of the course. Prerequisites: ACCT 430 and MATH 240.

ACCT 480 Controllership 3 cr. Examines the role of controller as a vital member of an organization's management team. Students exercise judgment in solving accounting-related problems by synthesizing and applying knowledge gained from previous business coursework. Focus will be placed on cost management, budgeting, organizational behavior, ethics, cash management, policy-making, internal control, performance measurement, compensation and benefits, accounting information systems, and tax compliance. Prerequisites: College of Business Core, ACCT 326, ACCT 430 and senior status or higher.

ACCT 497 Accounting Internship 2-12 cr. Refers to supervised professional experience in public, industrial, governmental, or non-profit accounting. Students must meet standards set by both the employer and the Accounting Program. A maximum of 2 credits count toward the major with the remaining credits counting as electives. This course is restricted to accounting majors. Consent of program coordinator required. Grading Basis: S/U. Repeatable for credit.

ACCT 499 Special Topics. Topics are variable. Offerings include visiting professors, experimental offerings of new courses, or one time offering and current topics. Repeatable for credit as topics change.