Accounting & Business Law
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Undergraduate ACC Course Descriptions

Required for All Business Majors

2303 Financial Accounting Prerequisite(s): Cumulative GPA of 2.5 or higher. An introduction to corporate financial statements, their preparation, and their use in decision making by persons outside the organization.

The course focuses on analyzing business transactions to chart their effects on the results of operations, the cash flows, and the financial position of businesses organized for profit.

2304 Managerial Accounting Prerequisite(s): A minimum grade of C in ACC 2303 and cumulative GPA of 2.5 or higher.

An introduction to principles of managerial accounting. Emphasis is given to the development and use of accounting information to support managerial decision-making processes in manufacturing, service, and not-for-profit settings. Topics include managerial concepts and systems, various analyses for decision making, and planning and control.

Accounting Electives for Non-Majors

2301 Survey of Accounting Prerequisite(s): Not open to business majors or other students who have taken ACC 2303.

An introduction to accounting for non-business majors that follows the business cycle of a start-up company. Topics include researching a company, financing operations, planning and budgeting, and the basic accounting cycle.

3305 Intermediate Accounting I Prerequisite(s): A minimum grade of C in ACC 2304. (Not open to accounting majors).

The first of two courses for non-accounting majors covering financial accounting concepts and practices applicable to business enterprises organized for profit. Topics include the accounting cycle, the conceptual framework underlying financial accounting, measurement and reporting issues relating to receivables, inventories, intangible assets, property and equipment, and an overview of the income statement and balance sheet. May not be taken after credit received for ACC 3301.

3306 Intermediate Accounting II Prerequisite(s): ACC 3301 or 3305. (Not open to accounting majors).

A continuation of ACC 3305 for non-accounting majors, focusing on current liabilities, long-term debt, investments, stockholders' equity, and the statement of cash flows. Coverage includes accounting issues related to pensions, leases, deferred income taxes, earnings per share, accounting changes, and error analysis. May not be taken after credit received for ACC 3302.

4377 Personal and Business Tax Planning Prerequisite(s): A minimum grade of C in ACC 2304; not open to pre-business students or accounting majors.

Basic tax concepts and principles. Extensive discussion of an individual's income deductions as well as family tax planning issues. Examination of the effect of taxes on business decisions, including a study of the various forms of businesses. Coverage also includes taxation of employee benefits, business expenses, and gift, estate, and trust taxation. Limited tax return preparation. May not be taken after credit received for ACC 3304.

Required for All Undergraduate Accounting Majors

3301 Financial Accounting and Reporting I Co-requisite(s): ACC 3303. Prerequisite(s): ACC 2303 and 2304 with a C+ average, including all repeated attempts in those courses.

An examination of financial accounting considerations of business transactions. Emphasis is placed on understanding the accounting cycle, the conceptual framework underlying financial accounting, and recognition, measurement and reporting of receivables, inventories, property, plant and equipment, intangibles, liabilities, and stockholders' equity.

3302 Financial Accounting and Reporting II Co-requisite(s): ACC 3304. Prerequisite(s): ACC 3301 and 3303 with minimum grade of C or better in each course; only open to accounting majors.

A continuation course to ACC 3301, examining financial accounting considerations of business transactions. Emphasis is placed on understanding the recognition, measurement, and reporting of revenue, earnings per share, deferred taxes, pensions, and leases.

3303 Accounting Information Systems Co-requisite(s): ACC 3301. Prerequisite(s): ACC 2303 and ACC 2304 with a C+ average including all repeated attempts in those courses.

An in-depth study of the application of information systems knowledge to the accounting environment. Emphasis is upon developing students' abilities to understand the processing of accounting data (with an emphasis on the computer environment) and the controls that are necessary to assure accuracy and reliability of the data processed by the accounting system.

3304 Introduction to Federal Taxation Co-requisite(s): ACC 3302. Prerequisite(s): ACC 3301 and 3303 with minimum grade of C or better in each course; only open to accounting majors.

An examination of the economic theory on which the United States taxation system is based and the legal principles surrounding income taxation.

3310 Accounting Research and Communication Prerequisite(s): ACC 3301 and 3303 with minimum grade of C or better; only open to accounting majors. Use of primary sources of authoritative literature in resolving complex, professionally-oriented problems, primarily in financial accounting and taxation.

Development of critical thinking and written and oral communication skills through applied research cases.

4308 Advanced Managerial Accounting Co-requisite(s): ACC 4330. Prerequisite(s): ACC 3302 and 3304 with a grade of C or better; not open to pre-business students.

Advanced study of managerial accounting and its use in both internal and external reporting, with an emphasis on managerial decision making. Course topics include various costing systems, cost-volume-profit analysis and the contribution approach to decision making, budgeting, and other managerial topics for planning and control.

4330 Auditing, Attestation and Assurance Services Co-requisite(s): ACC 4308. Prerequisite(s): ACC 3302 and 3304 with a grade of C or better; not open to pre-business students.

A study of the processes conducted by independent, internal, and governmental accountants to audit, attest, and provide assurance services on information provided by management. Theoretical concepts of materiality, audit risk, and evidential matter are explored, along with the auditor's understanding of controls in a sophisticated technological environment. The application of these concepts in a way that develops critical thinking and communications skills is emphasized.

4350 Business and Professional Ethics for Accountants Prerequisite(s): ACC 3302 and 3304 with a grade of C or better; not open to pre-business students.

Examination of moral and ethical issues within the accounting profession and the broader business environment. In addition to a broad study of ethical behavior and decision making, various professional codes of conduct within the accounting profession will be examined. Central to this examination will be the discussion of integrity, independence and objectivity, as well as accountants' legal liability.

Electives for Accounting Majors

3332 Control and Audit of Information Systems (Cross-listed as ACC 3331) Prerequisite(s): A minimum grade of C in ACC 2304.

Emphasizes the control and audit of information systems. Topics include accounting systems, controls and transaction processing, and IT auditing. The course should help students develop an appreciation of and motivation for proper information processing practices and controls.

4320 Not-for-Profit and Governmental Accounting Prerequisite(s): ACC 4308 and 4330 with a grade of C or better in each course. (Not open to pre-business students).

Examination of accounting, financial reporting, and budgeting for state and local governments, the federal government, and not-for-profit entities.

4340 Advanced Accounting Prerequisite(s): ACC 3302 and ACC 3304 with a grade of C or better in each course. (Not open to pre-business students.)

A study of partnership accounting practices and the techniques followed to consolidate the financial statements of parent and subsidiary companies. Attention is also given to the distinctive accounting procedures associated with governmental and not-for-profit accounting.

4378 International Accounting Prerequisite(s): A minimum grade of C in ACC 2303 and 2304; not open to pre-business students.

Examination of international accounting within the context of managing multinational enterprises (MNEs). The course will address accounting issues in the context of different countries. Exploration of the factors that influence accounting standards and practices and how those factors impact the harmonization of worldwide standards.

4396 Internship in Accounting Prerequisite(s): ACC 3302 and 3304 with a grade of C or better in each course and consent of director of accounting internships. (Not open to pre-business students).

Supervised work, full-time, for a minimum of eight consecutive weeks with duties consistent with those of beginning accounting graduates.

4330 Auditing, Attestation and Assurance Services Co-requisite(s): ACC 4308. Prerequisite(s): ACC 3302 and 3304 with a grade of C or better; not open to pre-business students.

A study of the processes conducted by independent, internal, and governmental accountants to audit, attest, and provide assurance services on information provided by management. Theoretical concepts of materiality, audit risk, and evidential matter are explored, along with the auditor's understanding of controls in a sophisticated technological environment. The application of these concepts in a way that develops critical thinking and communications skills is emphasized.

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