ACCOUNTING AND BUSINESS BASICS ~ Whether as a consumer, potential investor, or employee, most students will be exposed to the “business world” at some point in their career. This course will introduce students to the different forms of business an organization can take on as well as the accountant’s role within those organizations. Students will also learn the very basics of how to account for business transactions as well as how to read and interpret an organization’s financial statements. This course is intended for students who are NOT majoring in accounting & financial management or management. Students majoring in accounting & financial management or management should enroll in ACCT 22500.
WORKSHOP: ~ Workshops may be taken Pass/No Credit only. Students may take no more than nine workshops for credit toward graduation. Workshops can be used as elective credit only.
FINANCIAL ACCOUNTING:CA ~ An introduction to financial accounting concepts and the accounting equation. Accounting transactions are followed through the accounting cycle, including preparation of journal entries, t-accounts, and the financial statements. The major financial statements, their components, and alternative accounting approaches are studied.
Core: Social/Cultural Analysis Meth
MANAGERIAL ACCOUNTING ~ An introduction to the accounting information needs of management. Basic managerial/cost accounting topics, such as job costing, process costing, cost-volume-profit analysis, budgets, variance analysis, operational decision making, and financial statement analysis are examined.
Prerequisite: ACCT 22500 (may be taken concurrently) or ACCT 10100 (may be taken concurrently)
PROFESSIONAL RESPONSIBILITIES:ES ~ Leaving the development of ethical boundaries to chance is no longer an acceptable practice. The activities of professional firms in the 2000's have fundamentally changed the expectations for the behavior of business professionals. Corporate risk management practices must now include ethics risk management practices that aim to ensure the reputation of the individuals of the firm, as well as the reputation of the firm itself, is not tarnished. The Professional Responsibilities course will provide an understanding of why ethics has become a critical success factor for firms, specific rules governing required behavior for accounting professionals, types of ethical decisions that professionals can be faced with, in the form of videos and case studies, and how ethical behavior and decision making can be guided and improved upon. Also listed as MGMT 24000.
Core: Meaning/Ethics/Soc Responsibil
SEMINAR ~ An introduction to selected topics of current interest in Accounting.
INDEPENDENT STUDY ~
FIELD EXPERIENCE ~
FEDERAL TAXATION ACCOUNTING ~ This course is designed to teach students to recognize major issues inherent in the taxation of corporations, flow-through entities, individuals, and financial transactions. The course focuses on fundamental tax concepts, the mastery of which will enable students to incorporate tax factors into business and personal tax planning.
Prerequisite: ACCT 35100
AUDITING ~ This course addresses the unique challenges faced by auditors in a continuously evolving business environment. Students develop an understanding of methods used to verify accounting procedures, internal controls, and financial statements, as well as the role that professional ethics and internal audit play in the audit environment. An introduction to statistical sampling and the use of audit software is also a focus of the course.
Prerequisite: (ACCT 20800 and ACCT 20700) or ACCT 22500
COST MANAGEMENT ~ Students learn how to analyze and interpret cost information as a basis for strategic decision making and planning. Subjects include various methods of cost measurement, budgeting, control and performance evaluation and analysis, and behavioral issues.
Prerequisite: ACCT 22600
FINANCIAL STATEMENT ANALYSIS AND VALUATION ~ This course develops practical analysis tools to enable students to analyze financial statements to obtain an indication of the underlying value of firms. The course teaches valuation from an earnings-based approach, but also discusses discounted cash flow analysis.
Prerequisite: ACCT 35200
DECISION MAKING USING FINANCIAL MODELS ~ This course discusses current financial and accounting issues. The course then develops financial models utilizing Excel spreadsheets, enabling students to perform simulation analysis to make better managerial decisions.
Prerequisite: ACCT 22500
ACCOUNTING INFORMATION SYSTEMS ~ Accounting Information Systems (AIS) explores the basic concepts of AIS, core business process and Enterprise-wide Risk Management Polices to enable students to understand and evaluate Information Systems to safeguard assets and provide reliable financial information for decision making purposes. This course is also taught as ACCT 34100 for 4 credit hours.
Prerequisite: ACCT 22500
ACCOUNTING INFORMATION SYSTEMS ~ Accounting Information Systems (AIS) explores the basic concepts of AIS, core business process and Enterprise-wide Risk Management Polices to enable students to understand and evaluate Information Systems to safeguard assets and provide reliable financial information for decision making purposes. This course is also taught as ACCT 34000 for 3 credit hours.
Prerequisite: ACCT 22500
INTERMEDIATE ACCOUNTING ~ This course is a continuation of some of the concepts learned in Financial Accounting. Area of focus includes asset determination and measurement as well as principles of revenue recognition and expense measurement. Understanding of technical accounting regulation as well as critical thinking and application of the regulation will be of focus in this course.
Prerequisite: ACCT 22500
INTERMEDIATE ACCOUNTING II ~ Continuation of Intermediate Accounting I. This course examines financial theory and financial statement reporting practices, including evaluation of current issues and practices related to long-term debt, bonds, leases, and pensions. Understanding of technical accounting regulation as well as critical thinking and application of the regulation will be of focus in this course.
Prerequisite: ACCT 35100
INTERMEDIATE ACCOUNTING III ~ Continuation of Intermediate Accounting I and II – This course examines financial statement reporting practices related to equity, stock-based compensation, earnings per share, accounting error corrections and the statement of cash flows. Understanding of technical accounting regulation as well as critical thinking and application of the regulation will be of focus in this course.
Prerequisite: ACCT 35200
COMMUNICATING ACCOUNTING INFORMATION ~ This course is designed to allow students to improve upon the oral communication and presentation skills necessary to communicate accounting information to various audiences in the business world. Students will read and discuss articles on basic oral communication principles and analyze case studies relating to business issues to then create and deliver audience-centered messages to inform and/or influence the audience in a variety of interpersonal, group, and public communication situations. This course is designed to improve oral communication and critical thinking skills.
Prerequisite: ACCT 35100
SEMINAR ~
SPECIAL TOPICS ~
ADVANCED ACCOUNTING ~ This course enhances students' ability to determine the financial effects and implications for financial reporting of mergers, acquisitions, and other corporate structure changes. Additional topics include SEC and interim financial reporting, foreign currency translation, and accounting for governmental and non-profit entities. This course is also offered in a 4 credit hour format as ACCT 44100.
Prerequisite: ACCT 35200
ADVANCED ACCOUNTING ~ This course enhances students' ability to determine the financial effects and implications for financial reporting of mergers, acquisitions, and other corporate structure changes. Additional topics include SEC and interim financial reporting, foreign currency translation, and accounting for governmental and non-profit entities. This course is also offered in a 3 credit hour format as ACCT 44000.
Prerequisite: ACCT 35200
SENIOR CAPSTONE ~ This course is designed as a capstone to the accounting and financial management majors. Students will have an opportunity to integrate and apply their course work through an analysis of significant issues in the profession. They will research these issues, review the professional literature, identify and analyze alternatives, and recommend resolutions which are supported by the appropriate justification. Students will also be required to read and discuss texts that are important to the profession and engage with current event topics.
Prerequisite: ACCT 35200
INDEPENDENT RESEARCH ~
INTERNSHIP ~