This course introduces the student to financial accounting theory, including accounting principles and practices, the accounting cycle, accounting journals and ledgers for recording business transactions, and preparation and evaluation of financial statements in accordance with Generally Accepted Accounting Principles (GAAP).
ACCT 101 - Financial Accounting
ACCT 102 - Managerial Accounting
This course introduces students to the concepts related to managerial accounting, including the analysis and recording of various manufacturing costs, the analyses of cash flows, costing systems, cost-volume-profit, and capital investments, as well as the creation of financial statements and budgets.
ACCT 101 with grade of "C" or better.
ACCT 103 - Microcomputers in Accounting
Introduction to microcomputer applications which focus on financial accounting problems and their solutions adapted to microcomputers. Students will utilize a spreadsheet program and commercial general ledger software.
ACCT 101 with a grade of "C" or better.
ACCT 111 - Business Accounting
This course provides an introduction to basic accounting principles, concepts, and methods for understanding general purpose financial statements and the accounting process. Students learn basic accounting concepts utilized in daily business operations, such as financial statement preparation, allowing them to collect financial data and make decisions based on that data.
ACCT 201 - Intermediate Accounting I
Intermediate Accounting I continues the investigation of the current accounting concepts and standards underlying the financial statements of business enterprises that was begun in ACCT 101. Alternative valuation concepts and standards are introduced as they apply to reporting in the financial statements. Intermediate Accounting I will focus on the measurement and reporting of corporate assets and liabilities, and the related impact on revenues, expenses, gains and losses.
ACCT 202 - Intermediate Accounting II
Intermediate Accounting II completes the investigation of the current accounting concepts and standards underlying the financial statements of business enterprises that was begun in ACCT 101 and continued in ACCT 201. Intermediate Accounting II will focus on the measurement and reporting of stockholders’ equity and specialized areas including investments, leases, income taxes, revenue recognition issues, pensions and post-retirement benefits, the statement of cash flows, and accounting for changes and error analysis.
ACCT 203 - Cost Accounting
Scope, concepts and terminology of cost accounting. Cycles of cost accounting and costing techniques. Control of materials and labor. Nature of factory overhead departmentalization and predetermined rates, process cost.
ACCT 206 - Auditing
This course will review contemporary auditing and assurance services and related concepts of evaluation of controls, statistical sampling and substantive testing. Students will learn about Generally Accepted Auditing Standards (GAAS) as well as professional responsibility, legal liability and standards of ethics.
ACCT 208 - Tax Accounting
This course will introduce the student to the taxation of individuals as set forth in the Internal Revenue Code. Emphasis is placed on the determination of gross income, adjustments to gross income, standard and allowable itemized deductions, the determination of personal exemptions, the calculation of the total tax liability, available tax credits and estimated tax payments.
ACCT 209 - Advanced Taxation
This course will introduce students to tax research and the tax treatment of entities, other than individuals, as prescribed by the Internal Revenue Code (IRC). They will apply the fundamentals learned in these two areas to problem situations likely to be encountered in tax practice.
ACCT 215 - Nonprofit Accounting
ACCT 250 - Advanced Accounting
This course in financial accounting introduces students to accounting for partnerships, accounting for mergers and acquisitions, and accounting in the international marketplace.