Accounting Course Descriptions

Below are descriptions of Accounting courses offered within the College of Business:

ACC 205- Financial Accounting- Cr. 3 - A study of basic accounting theory and practice, the nature of assets and equity, income measurement, and financial statement preparation. Prerequisites: MATH 110 or placement higher than MATH 110 on the math placement examination, and sophomore standing or permission of the area coordinator for accounting majors.

ACC 206- Managerial Accounting- Cr. 3 - A study of the analysis and use of accounting data to manage enterprises. Topics include cost-volume-profit relationships, decision analysis, budgeting, standard costing, segment reporting, and product costing methods. Prerequisite: ACC 205.

ACC 290/390/490 - Topics in Accounting - Cr. 1-3 - A detailed examination of selected topics pertinent to the field of accounting to be offered when sufficient interest and staffing are available. Prerequisites will vary, depending on topics being covered.

ACC 301 - Seminar in the Accounting Profession I - Cr. 0.5 - An exploration of important professional accounting issues that are not covered in traditional accounting courses. The course relies on case studies, presentations and discussions conducted by practicing professional accountants as well as various faculty members. Prerequisite: ACC 205. S/U grade.

ACC 302 - Seminar in the Accounting Profession II - Cr. 0.5 - Continuation of ACC 301. Prerequisite: ACC 301. S/U grade.

ACC 310 - Intermediate Financial Accounting I - Cr. 3 - A study of the theoretical foundations underlying financial reporting, revenue recognition, the matching of expenses, and financial statement presentation, with a focus on asset measurement and income determination. Offered in the fall term. Prerequisites: BLAW 104, ECON 221, ECON 222 or 223, IDS 205, ACC 206, and completion or concurrent enrollment in ACC 210, IDS 110, and FIN 304.

ACC 311 - Intermediate Financial Accounting II - Cr. 3 - A study of the theoretical foundations underlying financial reporting, revenue recognition, the matching of expenses, and financial statement presentation, with a focus on liability valuation, stockholders’ equity, and selected financial reporting topics. Offered in the spring term. Prerequisite: ACC 310.

ACC 315/MBA 715 - Accounting Information Systems - Cr. 3 - A study of the use, evaluation, and design of accounting information systems. Offered in the spring term. Prerequisites: BLAW 104, ECON 221, ECON 222 or 223, IDS 205, ACC 206, and completion of or concurrent enrollment in ACC 210 and IDS 110.

ACC 316/MBA 716 - Governmental and Not-For- Profit Accounting - Cr. 3 - This course provides a focus on accounting systems and processes unique to noncommercial enterprises. Emphasis is placed on accounting, reporting, and analysis of organizations whose primary purpose is to provide services. The courses addresses the changing financial reporting environment in the non-for-profit sector of business as well as in government. Attention is given to issues both in external financial reporting and in managerial accounting analysis. Offered in the spring term. Prerequisite: ACC 310.

ACC 320 - Cost Accounting - Cr. 3 - A study of the techniques used to accumulate, measure, plan, and control the costs of an organization’s products and services. Offered in the fall term. Prerequisites: BLAW 104, ECON 221, ECON 222 or 223, IDS 205, ACC 206, and completion of or concurrent enrollment in ACC 210 and IDS 110.

ACC 350 - Concepts of Tax Accounting - Cr. 3 - A study of various taxation bases, methods of taxation, and the purpose of taxation. The goal of the course is to provide the student with concepts of taxation so that the effect on management decisions may be understood. Primary emphasis will focus on business entities at the federal level. Offered in the fall term. Prerequisite: ACC 205.

ACC 411/MBA 711 - Advanced Accounting - Cr. 3 - A study of generally accepted accounting principles as applied to partnerships, corporate consolidations, and international operations. Offered in the fall term. Prerequisite: ACC 311.

ACC 412/MBA 712 - Tax Research - Cr. 3 - An exploration of the concepts of taxation by providing opportunities to investigate the effects of taxation on the various entities (corporations, partnerships, trusts, and individuals). The emphasis will center on the concept of complete taxation planning involving long-range and short-range effects of management decisions. Offered in the fall term. Prerequisite: ACC 350.

ACC 413/MBA 713 - Auditing and Assurance Services - Cr. 3 - A study of the independent accountant’s assurance, attestation, and audit services. Topics include risk, evidence, standards, control, reports, liability, ethics, and the effect of regulation. Offered in the fall term. Prerequisites: ACC 311 and ACC 315.

ACC 430 - Research and Analysis in Accounting - Cr. 1 - A study of the wide variety of resources available for research in accounting standards and analysis of accounting issues.  This will be done through both a lecture format and hands-on problem solving.  This course is designed to present both the materials necessary for research and the process for using them.  Students will gain a knowledge base that they will be able to draw upon to both understand and use the resources available for accounting research and the analysis of accounting issues.  Covers both print and, to the extent they are available, online sources.

ACC 432 - Federal Tax Research (Also offered as LAW 432) - Cr. 1 - A study of the wide variety of resources required for federal tax research.  This will be done through both a lecture format and hands-on problem solving.  This course, as with all legal research courses, is designed to present both the materials necessary for research and the process for using them.  Students will gain a knowledge base that they will be able to draw upon to both understand and use the resources of federal tax research.  Covers both print and, to the extent they are available online sources.

ACC 495 - Independent Study in Accounting - Cr. 1-3 - An independent research effort. It requires approval of a research proposal by a member of the College faculty and the Dean. May not be used as a substitute for a course which covers the proposed research area. Prerequisite: approved research proposal and permission of the Dean.