Accounting

Courses

ACC 121     Principles of Financial Accounting
Credit Hours: 3
An introduction to financial accounting; generally accepted accounting principles and concepts; corporate financial statements; detailed discussion of current and noncurrent assets and liabilities, stockholders’ equity.

ACC 221     Management Accounting
Credit Hours: 3
An introduction to the role that accounting plays in assisting management in planning, evaluating performance and decision making. Topics include cost-volume-profit analysis, cost behavior, cost estimation, relevant costs for decision making, operational budgeting, and performance evaluation techniques. Prerequisite: ACC 121.

ACC 240    Leadership in Practice - Accounting
Credit Hours: 3
Students will gain leadership and teamwork experience through involvement in professional and community service activities related to requirements of the Institute of Management Accountant’s Gold Award of Excellence. Students may count 6 credit hours toward degree requirements.

ACC 311     Intermediate Accounting I
Credit Hours: 3
Discussions of accounting environment, process, concepts and theory. General survey of financial statements. Specific topics covered in more detail include accounting changes, cash, investments, receivables, inventories, and time value concepts. Prerequisite: ACC 121.

ACC 312     Intermediate Accounting II
Credit Hours: 3
Continuation of ACC 311. Specific topics include plant and equipment, intangible assets, current and contingent liabilities, bonds, earning per share, contributed capital, and retained earnings. Prerequisite: ACC 311.

ACC 313     Government Accounting
Credit Hours: 3
An introduction to the accounting principles and reporting for governmental units. Includes budgetary and financial reporting requirements of these organizations. Prerequisite: ACC 121.

ACC 315    Accounting Information Systems
Credit Hours: 3
The study of foundational concepts of accounting information systems and the impact of Information Technology upon the design and implementation of accounting information systems. The following topics will be covered: development of systems to satisfy the prevailing financial standards and management needs; systems development; transaction/data processing; data storage including direct access files and data warehousing, and the impact of E-Commerce and E-Business. The study of adequate internal controls and major models in controls including COSO, Corbit and the impact of the Sarbanes-Oxley Act will be integrated throughout the course. Case applications relating to all aspects of accounting information systems as well as theory will be emphasized. Prerequisite: ACC 221.

ACC 321 Cost Accounting
Credit Hours: 3
An introduction to cost accounting concepts and fundamentals, emphasizing the flow of cost information through an internal accounting system. Topics include the nature of cost accounting, its terminology, job and process cost systems, allocation of cost, decision making tools, and performance evaluations techniques. Prerequisite: ACC 221.

ACC 370-9  Special Topics In Accounting
Credit Hours: 1-3
Individual problems and research work. Prerequisite: permission of instructor and Dean of Business.

ACC 413    Intermediate Accounting III
Credit Hours: 3
Continuation of ACC 312. Topics include: revenue recognition and accounting for income taxes, pensions, post-retirement benefits, and leases. In addition, accounting changes, the statement of cash flow and full disclosure concept will be covered.  Prerequisite: ACC 312.

ACC 415     Advanced Accounting
Credit Hours: 3
Discussion of advanced financial accounting and reporting. Topics include business combinations, consolidated financial statements, foreign currency transactions, segment reporting, interim reporting, and partnerships. Prerequisite: ACC 312.

ACC 417     Federal Tax Law I
Credit Hours: 3
Discussion of currently existing Internal Revenue Code together with regulations and rulings concerning income taxation for individuals. Brief introduction to State Income Taxes. Prerequisite: ACC 121 or permission of instructor.

ACC 418      Federal Tax Law II
Credit Hours: 3
Continuation of ACC 417. Discussion of existing Internal Revenue Code together with regulations and rulings concerning partnerships and corporate taxation. Introduction to estate and gift taxes. Prerequisite: ACC 417.

ACC 419     Auditing Theory
Credit Hours: 3
Discussion of principles and techniques of auditing; internal control, independent audit functions, auditor’s opinion, standards of reporting and professional ethics. Prerequisite: ACC 312.

ACC 470-9  Special Topics In Accounting
Credit Hours: 1-3
Individual problems and research work. Prerequisite: permission of instructor and Dean of Business.

ACC 480-1  Practicum/Internship In Accounting
Credit Hours: 1-6
An assignment involving practical applications of accounting theory. Students will normally work with an accounting or business firm or with a not-for-profit institution within the nearby tri-state area, easily accessible to students and faculty supervisors. Offered on demand only as opportunities are available. See Dean of Business.

ACC 497     Seminar in Accounting
Credit Hours: 3
Discussion of contemporary accounting problems from the theoretical and pragmatic viewpoints. Report writing and oral presentations required. Prerequisite: Senior Accounting Majors.

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