Course Descriptions

ACC 2410 Fundamentals of Financial Accounting 3 credits
Theory and practice of measuring and interpreting financial data for business units: basic concepts, principles, and procedures. Financial statement preparation and analysis.

ACC 2415 Fundamentals of Managerial Accounting 3 credits
Introduction to cost behavior, budgeting, responsibility accounting, cost control techniques, and product costing. Use of budgets and methods of measuring performance.
Prerequisite: ACC 2410

ACC 3110 Intermediate Accounting I 3 credits
The first of two intermediate accounting courses that describe accounting theory and principles for defining, measuring, and reporting financial information with an emphasis on assets. Provides an opportunity to understand the challenges and limitations of accounting standards in order to critically evaluate and understand financial accounting. It will require the use of spreadsheets for problem solving and analysis.
Prerequisite: ACC 2415

ACC 3115 Intermediate Accounting II 3 credits
The second of two intermediate accounting principles courses that describe accounting theory and principles for defining, measuring, and reporting financial information with an emphasis on liabilities and equity. Additionally, accounting for investments, leases, debt, and earnings per share will be considered. Provides an opportunity to understand the challenges and limitations of accounting standards in order to critically evaluate and understand financial accounting. It will require the use of spreadsheets for problem solving and analysis.
Prerequisite: ACC 3110

ACC 3120 Managerial/Cost Accounting 3 credits
The managerial use of accounting data to make business decisions, particularly in the areas of product cost, resource allocation, performance evaluation, and on the accounting systems managers use to assist them in their decisions. Concepts relating to manufacturing and service entities will be discussed.
Prerequisite: ACC 2415

ACC 3400 Federal Taxation 3 credits
Introduces a broad range of tax concepts and types of taxpayers; emphasizes the role of taxation in the business decision-making process; provides opportunities to conduct basic tax research and tax planning; and requires preparation of basic tax returns. Coverage includes professional standards and ethics; the interrelationship and differences between financial accounting and tax accounting; taxation of individuals, corporations, and partnerships.
Prerequisite: ACC 2415

ACC 3500 Accounting Information Systems 3 credits
A study of accounting information systems (AIS) tracing the capture of accounting data, processing of that data into information, and reporting that information in various business environments. Areas of study include an introduction and discussion of the AIS role in management decision making; internal controls for public and private enterprises, including computer and technology controls; analysis of business processes and how they are integrated; and systems studies, including the analysis, design, development, implementation, and operation of AIS.
Prerequisite: ACC 3115 or approval of department chair

ACC 3800 Taxation of Individuals 3 credits
An in-depth study of individual taxation examining the tax rate structure and applicable federal tax laws, as well as determining income, deductions, and tax credits for a variety of different scenarios.
Prerequisite: ACC 2415

ACC 3850 Special Topics 1-3 credits
Various topics in accounting. These may be one-time or occasional course offerings.
Prerequisite: Dependent on specific course content

ACC 4010 Auditing 3 credits
Fundamental procedures, principles, and philosophy of independent and internal auditing. Professional ethics, audit reports, audit work papers, internal controls, evidence, proper disclosure, statistical sampling and testing, and general audit procedures are emphasized. Other assurance and attestation services will be introduced, and the accountant's professional obligations for all attestation services will be discussed in view of the accountant's liability to clients and third parties.
Prerequisite: ACC 3500

ACC 4040 Governmental and Non-Profit Accounting 3 credits
This course is a comprehensive review of the accounting principles, reporting (including tax requirements), and procedures for governmental units and not-for-profit entities. Topics covered include the study of the accounting cycle, budgeting, fund accounting, accounting for state and local governments, accounting for colleges and universities, hospital units, voluntary health and welfare organizations, and other not-for-profit entities. The Governmental Accounting Standards Board objectives of accounting and financial reporting for governmental entities and not-for-profit entities will be examined.
Prerequisite: ACC 3115

ACC 4060 Fraud Examination 3 credits
Defines fraud and examines the nature of those who commit fraud, how it is prevented, detected, and investigated, the different types of fraud and their impact, and methods of resolution, legal and other-wise.
Prerequisite: ACC 4010

ACC 4070 Federal Tax Research 3 credits
Students complete a series of case studies and exercises requiring the familiarization with the most important elements of Federal Tax Law and utilize the Internal Revenue Code and other resources, such as online professional research sites. Students will gain experience in locating, understanding, and interpreting source material and in communicating the results of their research.
Prerequisite: ACC 3400 or ACC 3800

ACC 4080 Accounting Ethics 3 credits
Develops students' understanding of the accountant as a financial watchdog for the investing public. This is done through philosophical rigor and analysis of case studies. Students will explore the accounting profession's ethical responsibilities, the accountant's role in corporate governance, and corporate codes of conduct. Recent examples of unethical corporate behavior are examined and students offer prescriptions for preventing similar incidents. The course deliberately emphasizes the importance of personal integrity for enabling professional ethical conduct.

ACC 4100 Financial Statement Analysis and Valuation 3 credits
This course focuses on users of financial statements and how these users evaluate and value a business based on financial information available. The objective is to use various analytical tools as well as perform other quantitative and qualitative analyses when making judgments concerning the financial condition of a company. Upon completion of this course a student should be equipped with the skills necessary to analyze financial information for decision making.
Prerequisite: FIN 3210, or instructor approval

ACC 4150 Estate Planning Theory 3 credits
This course introduces fundamental tax, financial, and legal questions encountered in estate planning; provides an overview of intervivos planning in today's changing environment; analyzes post mortem strategies and the administration of estates; and covers planning for medical and health related issues and incapacitation. Emphasis is placed on various planning techniques used in estate planning including the use of trusts and charitable planning.
Prerequisite: ACC 2415

ACC 4220 Advanced Accounting 3 credits
Accounting for business combinations and consolidations, interim and segment reporting, accounting for foreign currency transactions, the translation and re-measurement of foreign currency financial statements, and an introduction to governmental and not-for-profit accounting.
Prerequisite: ACC 3115

ACC 4250 International Accounting 3 credits
Course topics include the history and evolution of international accounting and the international standards used today. Students compare and contrast various countries' accounting standards and study the harmonization efforts and standards promulgated by the International Accounting Standards Board. Current international accounting issues will be examined. The course will examine the impact on the financial reporting environment of International Financial Reporting Standard (IFRS), as well as its relationship to U.S. GAAP.
Prerequisite: ACC 3115